Dolphin Offshore Enterprises (India) Ltd

Dolphin Offshore Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Dolphin Offshore Enterprises (India) Ltd

₹ 781 5.00%
16 May 10:50 a.m.
dolphinoffshore.com BSE: 522261 NSE: DOLPHIN
About

Incorporated in 1979, Dolphin Offshore Enterprises Ltd providing services to the offshore oil and gas industry[1]

Key Points

Business Overview:[1]
DOEIL is a part of Deep Industries Ltd. It is a provider of underwater services to the Indian oil and gas industry. It has undertaken turnkey projects involving sub-sea and marine services and as an EPC contractor. Company's services are certified by ISO 9001 and the American Bureau of Shipping. It also works on establishing International Public-Private Sector cooperation for development of underwater technology and environment protection, search and rescue operations and setting up of training facilities. Company is launching its own in house training program for divers and underwater technicians with international certification

Website BSE NSE - BE
  • Market Cap ₹ 3,123 Cr.
  • Current Price ₹ 781
  • High / Low ₹ 781 / 12.0
  • Stock P/E 751
  • Book Value ₹ 37.3
  • Dividend Yield 0.00 %
  • ROCE -0.16 %
  • ROE 3.27 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 19.9 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.6.08 Cr.
  • Company has high debtors of 6,463 days.
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Oil Drill/Allied Industry: Oil Drilling / Allied Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2022 Jun 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
6.63 16.91 21.50 20.29 11.37 0.00 0.00 0.00 0.00 0.69 2.05 1.78 1.95
10.66 17.02 17.47 14.02 9.55 0.18 0.13 0.53 0.12 0.85 1.19 1.06 6.72
Operating Profit -4.03 -0.11 4.03 6.27 1.82 -0.18 -0.13 -0.53 -0.12 -0.16 0.86 0.72 -4.77
OPM % -60.78% -0.65% 18.74% 30.90% 16.01% -23.19% 41.95% 40.45% -244.62%
-0.05 0.29 0.24 0.26 0.25 0.00 0.00 -0.13 44.82 1.02 3.40 0.14 1.52
Interest 3.42 4.00 3.72 4.52 4.21 0.00 0.00 0.00 0.42 0.39 0.35 0.03 0.15
Depreciation 0.46 1.60 0.64 0.64 0.65 0.42 0.00 0.31 0.31 0.34 0.38 0.38 0.28
Profit before tax -7.96 -5.42 -0.09 1.37 -2.79 -0.60 -0.13 -0.97 43.97 0.13 3.53 0.45 -3.68
Tax % -0.50% 41.88% 844.44% -76.64% 28.32% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 144.29%
-8.01 -3.15 0.68 2.42 -2.00 -0.60 -0.13 -0.97 43.96 0.13 3.53 0.45 1.63
EPS in Rs -0.48 -0.19 0.04 0.14 -0.12 -0.04 -0.01 -0.06 13.91 0.04 1.12 0.11 0.41
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024
532.48 276.76 174.98 340.29 233.49 49.84 29.44 62.21 54.81 0.00 0.00 6.47
442.16 244.03 161.04 308.94 224.65 63.83 52.41 62.11 58.11 0.76 0.65 9.81
Operating Profit 90.32 32.73 13.94 31.35 8.84 -13.99 -22.97 0.10 -3.30 -0.76 -0.65 -3.34
OPM % 16.96% 11.83% 7.97% 9.21% 3.79% -28.07% -78.02% 0.16% -6.02% -51.62%
-2.61 17.10 28.32 12.00 -21.80 -10.73 14.67 -23.73 0.76 0.00 44.69 6.08
Interest 11.89 13.01 16.44 17.82 16.90 13.36 11.56 11.05 13.65 0.00 0.42 0.93
Depreciation 5.18 4.40 4.07 4.38 4.01 5.10 3.98 6.43 3.20 1.68 1.25 1.38
Profit before tax 70.64 32.42 21.75 21.15 -33.87 -43.18 -23.84 -41.11 -19.39 -2.44 42.37 0.43
Tax % 33.98% 30.85% 29.84% 29.83% -0.56% -2.73% -10.28% 4.79% 11.40% 0.00% 0.00% -1,234.88%
46.64 22.42 15.26 14.83 -34.07 -44.36 -26.29 -39.14 -17.18 -2.44 42.36 5.74
EPS in Rs 2.96 1.34 0.91 0.88 -2.03 -2.65 -1.57 -2.33 -1.02 -0.15 13.41 1.43
Dividend Payout % 10.14% 11.22% 16.48% 16.96% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -30%
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: 15%
5 Years: %
3 Years: %
TTM: 279%
Stock Price CAGR
10 Years: 55%
5 Years: 182%
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024
Equity Capital 15.76 16.77 16.77 16.77 16.77 16.77 16.77 16.77 16.77 16.77 3.16 4.00
Reserves 173.97 208.79 221.95 234.26 200.19 155.49 129.20 95.42 78.70 -46.34 101.81 145.28
88.61 111.67 109.22 113.19 89.71 66.10 60.54 63.40 92.69 131.46 18.03 1.16
126.99 90.62 55.26 167.96 116.56 94.94 90.07 96.19 109.93 164.93 5.58 4.84
Total Liabilities 405.33 427.85 403.20 532.18 423.23 333.30 296.58 271.78 298.09 266.82 128.58 155.28
34.38 31.61 28.69 30.48 26.72 21.10 17.12 29.52 26.31 18.76 13.07 2.61
CWIP 1.45 1.65 1.16 1.14 0.56 0.56 0.00 0.00 0.00 0.00 0.00 0.00
Investments 20.20 20.19 20.19 20.19 20.13 19.94 19.94 19.99 20.02 20.07 0.11 14.91
349.30 374.40 353.16 480.37 375.82 291.70 259.52 222.27 251.76 227.99 115.40 137.76
Total Assets 405.33 427.85 403.20 532.18 423.23 333.30 296.58 271.78 298.09 266.82 128.58 155.28

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024
55.42 -25.34 21.55 10.27 -23.54 0.87 -3.85 4.19 -11.05 -0.86 -4.43 1.60
-19.17 -0.95 -4.18 6.04 66.48 35.97 20.96 3.78 -4.99 0.00 0.07 -21.64
-35.49 23.87 -21.41 -16.37 -42.90 -36.96 -17.12 -8.04 16.19 0.80 4.80 19.56
Net Cash Flow 0.76 -2.42 -4.04 -0.06 0.04 -0.12 -0.02 -0.07 0.15 -0.06 0.44 -0.48

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024
Debtor Days 124.34 281.41 379.56 225.90 249.99 951.31 1,409.79 426.78 645.56 6,463.38
Inventory Days 0.00
Days Payable
Cash Conversion Cycle 124.34 281.41 379.56 225.90 249.99 951.31 1,409.79 426.78 645.56 6,463.38
Working Capital Days 146.15 357.35 556.26 294.24 354.87 1,252.89 1,639.15 499.12 612.93 8,003.49
ROCE % 30.75% 14.78% 11.15% 10.89% 5.46% -0.70% -5.52% -2.95% -3.16% -1.69%

Shareholding Pattern

Numbers in percentages

Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.83% 54.83% 54.83% 54.83% 54.83% 54.83% 54.83% 94.98% 94.98% 94.98% 74.99% 74.99%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 12.82% 12.82%
0.22% 0.16% 0.34% 0.22% 0.62% 1.31% 1.31% 2.00% 2.00% 2.00% 1.58% 1.58%
44.95% 45.02% 44.84% 44.95% 44.55% 43.86% 43.86% 3.01% 3.01% 3.02% 10.60% 10.62%
No. of Shareholders 14,69714,71715,21915,14815,02614,81414,81412,02212,02211,44010,97211,254

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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