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Dolphin Offshore Enterprises (India)

DOLPHIN NSE
₹664.75 No trade today
P/E
36.93
View as Markdown
MCP
Close 4 Nov 2026 ₹664.75 +255.15 +62.3% 1Y
Start ₹409.60

Key Fundamentals

MicrocapOil & GasEnergy

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
14.90%
Debt to Equity
0.58
EPS (TTM)
₹18.00
Book Value
₹97.36
Market Cap
—
P/E (TTM)
36.93
P/B
6.83
ROE
21.90%
Dividend Yield
0.00%
EBITDA
₹89.80 Cr
52W High
₹749.50
52W Low
₹322.00
Volume
0

Peer Comparison

Energy › Oil & Gas › Offshore Operations › Offshore Support Solution Drilling

Dolphin Offshore peer comparison
Dolphin Offshore (this company)
₹664.7536.93₹2,481 Cr6.830.00%21.90%14.90%₹143 Cr₹72 Cr
Jindal Drilling & Industries
₹528.057.98₹1,489 Cr0.840.20%10.20%13.70%₹1,018 Cr₹192 Cr
Alphageo
₹246.55—₹154 Cr0.622.09%−5.48%−7.20%₹153 Cr₹0 Cr
Aban Offshore
₹14.24—₹84 Cr—0.00%——₹460 Cr−₹191 Cr
Aakash Exploration Services
₹7.7622.17₹78 Cr1.230.00%5.46%7.63%₹116 Cr₹3 Cr
Median 5 companies₹246.5522.17₹154 Cr1.040.00%7.83%10.67%₹153 Cr₹3 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

47 Average

Data confidence 98/100

Category scores

Quality
40
Weak
Returns, margins, earnings quality 22% weight
Valuation
15
Poor
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
41
Weak
Solvency, leverage, coverage 9% weight
Momentum
92
Strong
Trend strength, vol-adjusted 12% weight
Ownership
53
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company is expected to give good quarter

Weaknesses

4
  • Stock is trading at 7.11 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has high debtors of 729 days.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish2512
OscillatorsNeutral252
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
59.70
Neutral
MACD (12,26,9)
−2.59
Bullish
SMA (50)
637.07
Bullish
SMA (200)
469.68
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y−3.04%
5YIrregular period
3YZero base
1Y+56.76%
TTM+76.54%

Net profit

Net profit growth by window
10Y+5.34%
5YIrregular period
3Y+24.22%
1Y+50.00%
TTM+44.00%

Operating cash flow

Operating cash flow growth by window
10Y+8.45%
5YIrregular period
3YTurned positive
1Y+350.00%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+19.66 pp
5YIrregular period
3YNo sales
1Y−0.09 pp
TTM−12.50 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2014₹358 Cr
Mar 2015₹196 Cr
Mar 2016₹158 Cr
Mar 2017₹208 Cr
Mar 2018₹168 Cr
Mar 2022₹0.00 Cr
Mar 2023₹0.00 Cr
Mar 2024₹6.00 Cr
Mar 2025₹74.00 Cr
Mar 2026₹116 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2014₹61.00 Cr
Mar 2015₹36.00 Cr
Mar 2016₹41.00 Cr
Mar 2017−₹11.00 Cr
Mar 2018−₹9.00 Cr
Mar 2022−₹14.00 Cr
Mar 2023₹36.00 Cr
Mar 2024₹6.00 Cr
Mar 2025₹46.00 Cr
Mar 2026₹69.00 Cr

Quarterly Results

₹ Cr
DOLPHIN quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
1
2
2
2
8
17
28
20
16
25
30
45
43
44
Expenses
1
1
1
7
2
4
13
9
1
3
8
33
18
16
Operating Profit
0
1
1
−5
6
13
16
11
16
22
22
12
25
27
OPM %
−23%
42%
40%
−253%
74%
76%
55%
55%
95%
89%
75%
27%
59%
63%
Other Income
1
3
0
2
2
0
1
0
0
4
2
12
0
3
Interest
0
0
0
0
0
0
0
1
2
3
4
5
4
4
Depreciation
0
0
0
0
0
0
0
0
2
4
5
5
5
5
PBT
0
4
0
−4
8
13
16
10
11
19
16
14
16
22
Tax %
0%
0%
0%
−138%
5%
−1%
6%
−2%
−5%
18%
17%
−100%
10%
15%
Net Profit
0
4
0
1
8
13
16
10
11
16
13
28
15
19
EPS (₹)
0.04
1.12
0.11
0.36
1.89
3.23
3.89
2.61
2.83
3.9
3.32
7.08
3.7
—

Sep 2026: from the results filed on 31 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
DOLPHIN profit and loss, annual, ₹ crore
Particulars Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
200
416
358
196
158
208
168
0
0
6
74
116
143
Expenses
201
334
230
104
91
163
128
1
1
4
28
44
61
Operating Profit
−1
82
128
93
67
44
40
−1
−1
2
46
72
82
OPM %
−0.3%
20%
36%
47%
42%
21%
24%
—
—
35%
62%
62%
57%
Other Income
47
15
−24
−18
10
−3
1
0
45
0
3
17
17
Interest
21
23
21
15
12
10
13
0
0
1
1
14
16
Depreciation
13
19
21
22
21
42
36
14
8
1
0
16
18
PBT
12
55
62
38
44
−12
−8
−14
36
0
48
60
66
Tax %
63%
14%
2%
6%
8%
−5%
12%
0%
0%
−2042%
2%
−14%
—
Net Profit
4
47
61
36
41
−11
−9
−14
36
6
46
69
72
EPS (₹)
0.26
2.81
3.63
2.13
2.45
−0.66
−0.51
−0.85
11.43
1.39
11.62
17.13
18
Div. Payout %
59%
5%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
DOLPHIN balance sheet, annual, ₹ crore
Particulars Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
17
17
17
17
17
17
17
17
3
4
4
4
Reserves
224
259
333
374
428
573
566
25
174
217
268
349
Borrowings
183
166
139
66
61
58
64
131
18
1
165
203
Other Liabilities
67
180
121
97
98
105
146
165
6
5
24
51
Total Liabilities
492
621
609
554
603
753
793
338
201
227
461
608
Fixed Assets
218
207
216
201
189
324
289
66
58
3
1
309
CWIP
2
1
1
13
19
0
0
0
0
47
222
0
Investments
0
0
0
0
0
0
0
20
0
15
27
34
Other Assets
272
412
392
340
395
429
503
253
143
164
211
265
Total Assets
492
621
609
554
603
753
793
338
201
227
461
608

Cash Flow

₹ Cr
DOLPHIN cash flow, annual, ₹ crore
Particulars Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
38
58
62
89
20
−8
22
−1
−4
4
10
45
Investing
−15
−12
−10
−2
−5
22
−6
0
0
−24
−167
−75
Financing
−28
−43
−51
−88
−17
−13
−18
1
5
20
164
31
Net Cash Flow
−4
2
2
−1
−2
1
−2
0
0
0
8
2
Free Cash Flow
20
51
62
76
14
−8
22
−1
−4
9
−160
−28
CFO/OP
−6,742
85
54
100
33
−16
57
113
680
142
23
62

Ratios

DOLPHIN financial ratios, annual
Particulars Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
334
191
195
326
553
407
636
—
—
7,972
974
729
Cash Conversion Cycle
334
191
195
326
553
407
636
—
—
7,972
974
729
Working Capital Days
122
57
113
262
439
379
520
—
—
8,618
857
589
ROCE %
5%
18%
26%
17%
12%
4%
1%
—
−4%
1%
15%
15%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Dolphin Offshore insights

56 extracted metrics across FY09–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.99%
  • Public 14.22%
  • Others 5.85%
  • FIIs 4.63%
  • DIIs 0.31%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Dolphin Offshore Enterprises (India)

What does Dolphin Offshore Enterprises (India) Ltd do?
Incorporated in 1979, Dolphin Offshore Enterprises Ltd providing services to the offshore oil and gas industry
Where is Dolphin Offshore Enterprises (India) Ltd (DOLPHIN) listed?
Dolphin Offshore Enterprises (India) Ltd trades as DOLPHIN on the NSE and under code 522261 on the BSE.
Which sector does Dolphin Offshore Enterprises (India) Ltd belong to?
Dolphin Offshore Enterprises (India) Ltd is classified under the Oil & Gas sector, in the Offshore Operations industry.
What is the PE ratio of Dolphin Offshore Enterprises (India) Ltd?
Dolphin Offshore Enterprises (India) Ltd trades at a PE ratio of 36.93 as of 4 Nov 2026, on earnings per share of ₹18, against a book value of ₹97.36 per share.
What is the 52-week high and low of Dolphin Offshore Enterprises (India) Ltd?
Over the last 52 weeks Dolphin Offshore Enterprises (India) Ltd has traded between ₹322 and ₹749.5 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Dolphin Offshore Enterprises (India) Ltd?
Dolphin Offshore Enterprises (India) Ltd reported a return on equity of 21.90%. Its debt-to-equity ratio is 0.58.

Company Information

Incorporated in 1979, Dolphin Offshore Enterprises Ltd providing services to the offshore oil and gas industry

Website dolphinoffshore.com
CEO Mr. Divyesh Umeshkumar Shah
Listed 31 May 1994
Face Value ₹1

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