Dolphin Offshore Enterprises (India) Limited

NSE: DOLPHIN · Unclassified

₹636.85-2.60%06 Nov 2026

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Instant answers about Dolphin Offshore Enterprises (India) Limited — computed from its filings, no language model

Market cap₹2,548 cr

Current price₹636.85

High / Low₹724 / ₹333

P/E38.6

P/B6.54

Book value₹97.4

ROE17.0%

ROCE15.3%

Debt / equity0.42

Dividend yield—

EPS (TTM)₹16.50

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY24	FY26
Revenue	6.5	116.4
EBITDA	-3.5	72.4
Operating margin	-54.3%	62.2%
Interest	0.9	14.2
Depreciation	1.4	15.7
Profit before tax	0.3	59.9
Tax	-5.3	-8.6
Net profit	5.6	81.0
EPS ₹	15.85	17.13
Operating cash flow	3.5	45.3
Capex	0.0	73.5
Dividend paid	0.0	0.0
Total assets	227.5	607.7
Equity	221.3	353.4

Quarterly performance

last 12 quarters · ₹ crore

showing latest 8 of 12 periods

	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	2.0	1.8	1.9	8.3	16.7	28.5	16.4	24.6	30.0	45.4	42.9	43.7
Operating profit	0.9	0.7	-4.9	6.2	12.7	15.7	15.6	22.0	22.5	12.3	25.3	27.4
Operating margin	42.4%	40.4%	-253.3%	73.9%	75.8%	55.1%	95.0%	89.4%	74.9%	27.1%	59.1%	62.7%
Other income	3.4	0.1	0.9	1.9	0.3	1.1	0.0	4.0	1.7	11.7	0.0	3.3
Interest	0.3	0.0	0.1	0.0	0.1	0.3	2.5	3.3	3.6	4.9	4.0	3.8
Depreciation	0.4	0.4	0.3	0.1	0.1	0.1	2.3	3.8	4.6	4.9	4.9	5.0
Profit before tax	3.5	0.5	-3.9	8.0	12.8	16.5	10.8	19.0	16.0	14.2	16.5	22.0
Tax	0.0	0.0	-5.3	0.4	-0.1	0.9	-0.5	3.4	2.7	-14.2	1.7	3.2
Net profit	3.5	0.0	1.5	7.5	0.0	17.5	11.2	15.6	15.2	36.0	14.8	0.0
EPS ₹	11.17	1.34	4.16	1.89	3.23	3.89	2.83	3.90	3.32	7.08	3.70	4.69
Revenue YoY	—	—	—	—	716.1%	1501.1%	97.1%	47.2%	5.3%	—	160.6%	77.6%
Profit YoY	—	—	—	—	-100.0%	—	48.3%	—	-13.4%	—	32.2%	-100.0%

Earlier results (standalone, Mar '23 – Jun '23)

₹ crore · from BSE, before the NSE XBRL filings begin

Dolphin Offshore Enterprises (India) Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Quarters

	MAR '23†	JUN '23†
Revenue	—	0.7
Operating profit	-0.1	-0.2
Operating margin	—	-24.6%
Other income	—	0.0
Interest	0.4	0.4
Depreciation	0.3	0.3
Profit before tax	44.0	0.1
Tax	0.0	0.0
Net profit	44.0	0.1
EPS ₹	556.76	1.67

Returns & margins

trailing-twelve-month, per quarter

	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26	SEP '26
ROE	5.7%	3.7%	11.0%	22.1%	23.1%	17.0%
ROCE	3.9%	7.3%	14.0%	13.3%	14.6%	15.3%
Net margin	88.8%	31.3%	47.8%	67.0%	57.2%	40.8%
EBITDA margin	19.9%	50.8%	53.3%	62.2%	57.5%	54.0%
Debt / equity	0.00	0.00	0.00	0.57	0.57	0.42
Interest coverage	15.43	67.92	67.88	5.21	5.17	5.23
Asset turnover	0.06	0.08	0.15	0.19	0.24	0.26

Balance sheet

equity vs borrowings over time · ₹ crore

	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	3.2	4.0	4.0	4.0	4.0	4.0
Other equity / reserves	177.4	217.3	238.2	298.2	349.4	385.5
Total equity	180.6	221.3	242.2	302.2	353.4	389.5
Borrowings	14.2	0.0	0.0	193.7	203.2	163.9
Current liabilities	20.6	4.7	119.4	15.0	51.0	58.2
Non-current liabilities	1.3	1.5	1.1	205.6	203.2	163.9
Total assets	202.4	227.5	362.7	522.8	607.7	611.6
Property, plant & equipment	12.2	1.5	2.1	285.9	308.9	304.2
Capital work-in-progress	0.0	46.5	166.8	0.0	—	0.0
Investments	0.0	14.7	12.6	31.7	33.8	67.9
Inventories	0.0	0.0	0.0	0.0	0.0	0.0
Receivables	141.3	141.3	164.2	198.7	232.7	197.8
Cash & equivalents	1.1	0.2	5.9	2.2	9.9	24.2

Cash flow

annual · ₹ crore · line = free cash flow

	FY24	FY26
Cash from operations	3.5	45.3
Cash from investing	-23.6	-74.9
Cash from financing	19.6	31.1
Capex	0.0	73.5
Free cash flow	3.5	-28.2
Dividends paid	0.0	0.0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹304.2 cr50%

Investments

₹67.9 cr11%

Receivables

₹197.8 cr32%

Cash & equivalents

₹24.2 cr4%

Other assets

₹17.6 cr3%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Dolphin Offshore Enterprises (India) Limited	2,548	636.85	38.6	6.54	17.0%

StoxGud checklist: Bullish setup · 8/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-2.5%

6 months+48.8%

1 year+72.0%

3Y CAGR+1.0%

5Y CAGR—

10Y CAGR—

50-day avg₹638.35

200-day avg₹471.78

RSI (14)47

FAQs

What is the share price of Dolphin Offshore Enterprises (India) Limited?

Dolphin Offshore Enterprises (India) Limited (DOLPHIN) closed at ₹636.85 on NSE on 06 Nov 2026.

What is the market cap of Dolphin Offshore Enterprises (India) Limited?

₹2,548 crore at the latest close.

What is the P/E ratio of Dolphin Offshore Enterprises (India) Limited?

38.6, on trailing-twelve-month earnings from its filings.

How fast is Dolphin Offshore Enterprises (India) Limited growing?

Dolphin Offshore Enterprises (India) Limited: Latest-quarter revenue is up 77.6% year on year, profit down 100.0%.

How profitable is Dolphin Offshore Enterprises (India) Limited?

On a trailing-twelve-month basis return on equity is 17.0%, return on capital employed 15.3%, operating margin 54.0%, net margin 40.8%.

How much debt does Dolphin Offshore Enterprises (India) Limited have?

Dolphin Offshore Enterprises (India) Limited is lightly geared: debt to equity is 0.42 with borrowings of ₹164 cr against cash of ₹24 cr (balance sheet of 2026-09-30). Operating profit covers interest 5.2 times.

Financials parsed from Dolphin Offshore Enterprises (India) Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '23, annual from FY24, balance sheet from Sep '23. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.