DOLPHIN

Dolphin Offshore Enterprises (India) Ltd.

NSE: DOLPHIN

BSE: 522261

Sector: Oil, Gas & Consumable Fuels

Industry Group: Oil

Industry: Offshore Support Solution Drilling

631.00-7.0 (-1.09%)

14 Oct, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

81.9 / 100

Value Score

19.1 / 100

Price Momentum Score

88.3 / 100

QVM Score

75.4 / 100

Key Metrics

Market Cap

2524.32

P/E (TTM)

35.05

P/B

7.14

P/S (TTM)

17.67

EV/EBITDA

32.70

CAPE (5Y)

41.95

ROE (TTM)

21.90

ROCE (TTM)

11.42

ROA (TTM)

12.82

Avg 3Y ROE

14.51

Earnings 3Y CAGR

-27.91

Sales 3Y CAGR

Sales 5Y CAGR

Debt/Equity

0.57

Consensus TP

Strong Buy %

Promoter Holding

74.99

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Dolphin Offshore Enterprises (India) Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Strong price momentum

Price Momentum score of 88.3 indicates that the stock has strong price momentum. Research has shown that stocks with higher momentum continue to outperform in the near term

What is Price Momentum score?

88.3 / 100

High and improving ROE

The company reported strong ROE of 21.9% for 12-month ended 30 Jun 2026 and ROE improved by 306 bps from 1 year ago

What is ROE (FY)?

Strong revenue growth and above median growth of industry

The company delivered strong revenue growth of 73.92% for 12-month ended 30 Jun 2026 and the growth was 57.4 percentage points higher than median growth of industry

What is Sales growth (1Y)?

Median: 16.52

Value 73.92

-0.2673.92

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.57 as on 30 Jun 2026 and Debt to Equity decreased marginally by 0.03 in the last 1 year

What is Debt to Equity?

Consistently pays dividend

The company has not missed dividend payments once in the last 9 financial years

What is Dividend streak?

Negative

Expensive and at a premium to industry median P/E

PE TTM of 35.05 indicates that the stock is expensive on a standalone basis and is at a 45.8% premium to industry median P/E

What is P/E Ratio?

Median: 24.04

Value 35.05

8.835.05

Low dividend yield

The company has a low dividend yield of 0.0%

What is Dividend yield?

Neutral

High operating margin but declining trend

The company reported strong operating margin of 44.72% for 12-month ended 30 Jun 2026 but operating margin declined by -1964 bps from 1 year ago

What is Operating profit margin?

Strong EPS growth but lower than median growth of industry

The company delivered strong EPS growth of 43.32% for 12-month ended 30 Jun 2026 but the growth was 35.41 percentage points lower than median growth ofindustry

What is EPS growth (1Y)?

Company's earnings are of moderate quality

Earnings quality score of 46.1 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

46.1 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for Dolphin Offshore Enterprises (India) Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Dolphin Offshore Enterprises (India) Ltd. Shareholding Pattern

Quarterly breakdown of Dolphin Offshore Enterprises (India) Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Total Promoter	54.83	54.83	54.83	54.83	54.83	54.83	54.83	54.83	54.83	54.83	54.83	54.83	94.98	94.98	94.98	74.99	74.99	74.99	74.99	74.99	74.99	74.99	74.99	74.99	74.99	74.99	74.99
Indian Promoter	50.26	50.26	50.26	35.00	50.26	50.26	50.26	50.26	50.26	50.26	50.26	50.26	94.98	94.98	94.98	74.99	74.99	74.99	74.99	74.99	74.99	74.99	74.99	74.99	74.99	74.99	74.99
Foreign Promoter	4.56	4.56	4.56	19.83	4.56	4.56	4.56	4.56	4.56	4.56	4.56	4.56	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	0.34	0.36	0.31	0.33	0.10	0.22	0.16	0.34	0.22	0.62	1.31	1.31	2.00	2.00	2.00	14.40	14.40	14.40	14.40	14.40	6.02	4.88	4.88	4.88	4.89	4.88	4.94
Mutual Funds / UTI	-	-	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FI/Bank/Insurance	0.34	0.21	0.31	0.33	0.10	0.22	0.16	0.34	0.22	0.62	1.31	1.31	2.00	2.00	2.00	1.58	1.58	1.58	1.58	1.58	1.45	0.31	0.31	0.31	0.31	0.31	0.31
Govt	0.00	-	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	0.00	0.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	12.82	12.82	12.82	12.82	12.82	4.57	4.57	4.57	4.57	4.58	4.57	4.63
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Non-Institution	44.83	44.81	44.86	44.84	45.07	44.95	45.02	44.84	44.95	44.55	43.86	43.86	3.01	3.01	3.02	10.61	10.61	10.61	10.61	10.61	18.99	20.13	20.13	20.13	20.12	20.12	20.07
Bodies Corporate	-	-	-	-	-	9.04	8.50	8.35	8.11	6.59	6.45	6.45	0.10	0.10	0.15	0.29	0.13	0.26	0.24	0.24	0.40	0.37	0.30	1.09	0.99	1.02	1.20
Others (incl. Retail) No. of shareholders	44.83 12,980	44.81 13,252	44.86 13,576	44.84 13,561	45.07 13,293	35.91 14,446	36.52 14,464	36.49 14,959	36.84 14,915	37.96 14,805	37.41 14,594	37.41 14,594	2.91 11,947	2.91 11,947	2.87 11,364	10.32 10,892	10.48 11,185	10.35 13,541	10.37 12,944	10.37 13,214	18.59 13,539	19.76 13,454	19.83 13,014	19.04 12,929	19.13 13,820	19.10 13,275	18.87 12,926

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

Dolphin Offshore Enterprises (India) Ltd. is not part of any tracked index.

Prominent Investor Holdings

Bharat Jayantilal Patel and Associates

Dec 2017

1.26%

₹ 13 Cr

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Dolphin Offshore Enterprises (India) Ltd. shares as reported to NSE and BSE.

Name	Date	Type	Price	Qty.	Value
Aries Opportunities Fund Limited	27 Feb 2025	sell	₹ 204.30	34.96 lac	₹ 71.43 cr
Belaben Himansu Shah	27 Feb 2025	buy	₹ 204.30	6.00 lac	₹ 12.26 cr
Ebisu Global Opportunities Fund Limited	27 Feb 2025	buy	₹ 204.30	6.96 lac	₹ 14.23 cr
Elara India Opportunities Fund Limited	27 Feb 2025	sell	₹ 204.30	11.32 lac	₹ 23.13 cr
K And K Ventures	27 Feb 2025	buy	₹ 204.30	16.00 lac	₹ 32.69 cr
Kinnari V Shah	27 Feb 2025	buy	₹ 204.30	6.00 lac	₹ 12.26 cr
Unico Global Opportunities Fund Limited	27 Feb 2025	buy	₹ 204.30	11.32 lac	₹ 23.13 cr

Corporate Actions

History of Dolphin Offshore Enterprises (India) Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Stock Split1 : 10
Ex-date: 25th Jan 2024Announced on: 7th Dec 2023
Nominal value change from INR 10 to INR 1.
Others
Ex-date: 24th Feb 2023Announced on: 14th Feb 2023
Dividend₹ 1.50/share
Record date: 20th Jul 2013Ex-date: 18th Jul 2013
Announced on: 29th Apr 2013
Dividend₹ 1.50/share
Record date: 7th Sep 2012Ex-date: 6th Sep 2012
Announced on: 14th May 2012
Dividend₹ 1.50/share
Record date: 22nd Jul 2011Ex-date: 21st Jul 2011
Announced on: 20th May 2011

Company Profile

Overview of Dolphin Offshore Enterprises (India) Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Dolphin Offshore Enterprises (India) Limited is an India-based company, which is a provider of underwater services to the Indian oil and gas industry. The Company has developed a diversified portfolio for undertaking turnkey projects involving sub-sea and marine services and as an engineering, procu...

Key personnel

Mr. Divyesh Umeshkumar Shah

Chief Financial Officer

Ms. Krena Bharatbhai Khamar

Compliance Officer, Company Secretary

Umaparvati Srinivasan

Vice President - Finance (Accounts & Finance)

Tapan Banik

Chief Operating Officer, Vice President - Operations (Operation Division)

Prakash Malvankar

Chief Operating Officer, Vice President - Projects (Projects Division)

Keith Drego

General Manager - Marketing

Abraham T. Lucose

Senior General Manager- Special Projects & Human Resource (Corporate/HR & Admin)

H. Rammohan

Senior General Manager - Purchase (Central Procurement Department)

View all

Incorporated on

17 May 1979

Last Annual

31 Mar 2026

Last Interim

30 Jun 2026

No. of Employees

IPO date

28 Sep 1994

Free Float

39,37,724

Website

http://dolphinoffshore.com/

Phone no.

+912222832226

Address

May Fair, A-11, Second Floor, 26, S.V.Road, Bandra (West), c/o NEW FAIR CO-OPERATIVE HOUSING SOCIETY LTD., MUMBAI, 400050, India

Frequently Asked Questions

What is the current share price of Dolphin Offshore Enterprises (India) Ltd.?

The current share price of Dolphin Offshore Enterprises (India) Ltd. is ₹ 631.00 as of 14 Oct 2026.

What is the market capitalisation of Dolphin Offshore Enterprises (India) Ltd.?

The market capitalisation of Dolphin Offshore Enterprises (India) Ltd. stands at ₹ 2,524.32 Cr.

What is the PE ratio of Dolphin Offshore Enterprises (India) Ltd.?

The Price-to-Earnings (PE) ratio of Dolphin Offshore Enterprises (India) Ltd. is 35.05 as of the latest trailing twelve months data.

What is the ROE and ROCE of Dolphin Offshore Enterprises (India) Ltd.?

Dolphin Offshore Enterprises (India) Ltd. has a Return on Equity (ROE) of 21.90% and a Return on Capital Employed (ROCE) of 11.42% as per the latest financial reports.

What is the 52-week high and low of Dolphin Offshore Enterprises (India) Ltd.?

The 52-week high of Dolphin Offshore Enterprises (India) Ltd. is - and the 52-week low is -.

What is the dividend yield of Dolphin Offshore Enterprises (India) Ltd.?

The dividend yield of Dolphin Offshore Enterprises (India) Ltd. is 0.00% based on the current market price.

What is the FII and DII holding in Dolphin Offshore Enterprises (India) Ltd.?

Foreign Institutional Investors (FII) hold 4.63%, Domestic Institutional Investors (DII) hold 0.31% and retail/public investors hold 18.87% of Dolphin Offshore Enterprises (India) Ltd. shares.

What sector does Dolphin Offshore Enterprises (India) Ltd. belong to?

Dolphin Offshore Enterprises (India) Ltd. operates in the Oil, Gas & Consumable Fuels sector.

What is the beta of Dolphin Offshore Enterprises (India) Ltd.?

The beta of Dolphin Offshore Enterprises (India) Ltd. is 0.45, indicating its price volatility relative to the broader market. Over the past 1 year, Dolphin Offshore Enterprises (India) Ltd. has delivered an absolute return of 62.15%.

What is the RSI of Dolphin Offshore Enterprises (India) Ltd.?

The 14-day Relative Strength Index (RSI) of Dolphin Offshore Enterprises (India) Ltd. is 48.43, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Dolphin Offshore Enterprises (India) Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Dolphin Offshore Enterprises (India) Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Holdings and Presence

Company Profile

Corporate Actions