Dolphin Offshore Enterprises (India) Ltd

₹ 435 5.00%

29 Apr - close price

dolphinoffshore.com BSE: 522261 NSE - BE : 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 ₹ 1,740 Cr.
Current Price ₹ 435
High / Low ₹ 435 / 12.0
Stock P/E 2,852
Book Value ₹ 45.1
Dividend Yield 0.00 %
ROCE -4.42 %
ROE -7.82 %
Face Value ₹ 1.00

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 9.63 times its book value
Company has low interest coverage ratio.
Earnings include an other income of Rs.49.4 Cr.

* 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Mar 2022	Jun 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	45.75	34.80	54.15	59.54	54.80	47.52	0.00	0.00	0.00	0.00	0.69	2.05	1.78
	22.01	35.52	25.96	26.98	30.79	74.04	0.18	0.13	0.53	0.12	0.85	1.19	1.06
Operating Profit	23.74	-0.72	28.19	32.56	24.01	-26.52	-0.18	-0.13	-0.53	-0.12	-0.16	0.86	0.72
OPM %	51.89%	-2.07%	52.06%	54.69%	43.81%	-55.81%					-23.19%	41.95%	40.45%
	0.00	3.25	-25.71	1.22	6.23	6.39	0.00	0.00	-0.13	44.82	1.02	3.40	0.14
Interest	2.74	3.03	2.27	2.33	2.31	3.52	0.00	0.00	0.00	0.42	0.39	0.35	0.03
Depreciation	5.51	5.07	4.75	4.70	4.95	6.71	3.43	0.00	1.94	1.94	0.34	0.38	0.38
Profit before tax	15.49	-5.57	-4.54	26.75	22.98	-30.36	-3.61	-0.13	-2.60	42.34	0.13	3.53	0.45
Tax %	14.85%	2.33%	-1.98%	0.45%	1.83%	-3.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	13.19	-5.45	-4.65	26.63	22.55	-31.38	-3.60	-0.13	-2.60	42.34	0.13	3.53	0.45
EPS in Rs	0.79	-0.32	-0.28	1.59	1.34	-1.87	-0.21	-0.01	-0.16	13.40	0.04	1.12	0.11
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2022	Mar 2023	TTM
	352	553	304	200	416	358	196	158	208	168	0	0	5
	286	446	271	201	334	230	104	91	163	128	1	1	3
Operating Profit	66	107	34	-1	82	128	93	67	44	40	-1	-1	1
OPM %	19%	19%	11%	-0%	20%	36%	47%	42%	21%	24%			29%
	12	3	22	47	15	-24	-18	10	-3	1	0	45	49
Interest	15	15	18	21	23	21	15	12	10	13	0	0	1
Depreciation	7	9	10	13	19	21	22	21	42	36	14	8	3
Profit before tax	57	87	27	12	55	62	38	44	-12	-8	-14	36	46
Tax %	28%	28%	41%	63%	14%	2%	6%	8%	5%	-12%	0%	0%
	41	62	16	4	47	61	36	41	-11	-9	-14	36	46
EPS in Rs	3.05	3.95	0.96	0.26	2.81	3.63	2.13	2.45	-0.66	-0.51	-0.85	11.43	14.67
Dividend Payout %	7%	8%	16%	59%	5%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	%

Compounded Profit Growth
10 Years:	%
5 Years:	0%
3 Years:	%
TTM:	40%

Stock Price CAGR
10 Years:	48%
5 Years:	149%
3 Years:	%
1 Year:	%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	-8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2022	Mar 2023	Sep 2023
Equity Capital	10	16	17	17	17	17	17	17	17	17	17	3	3
Reserves	107	199	227	224	259	333	374	428	573	566	25	174	177
	183	172	186	183	166	139	66	61	58	64	131	18	15
	99	125	97	67	180	121	97	98	105	146	165	6	6
Total Liabilities	400	512	527	492	621	609	554	603	753	793	338	201	202
	63	119	113	218	207	216	201	189	324	289	66	58	14
CWIP	94	95	101	2	1	1	13	19	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	20	0	0
	243	298	312	272	412	392	340	395	429	503	253	143	189
Total Assets	400	512	527	492	621	609	554	603	753	793	338	201	202

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2022	Mar 2023
	49	61	-13	38	58	62	89	20	-8	22	-1	-4
	-45	-61	-7	-15	-12	-10	-2	-5	22	-6	0	0
	-1	8	10	-28	-43	-51	-88	-17	-13	-18	1	5
Net Cash Flow	3	8	-9	-4	2	2	-1	-2	1	-2	-0	0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2023
Debtor Days	182	124	266	334	191	195	326	553	407	636
Inventory Days
Days Payable
Cash Conversion Cycle	182	124	266	334	191	195	326	553	407	636
Working Capital Days	138	102	208	254	138	219	383	578	480	657
ROCE %	26%	30%	9%	5%	18%	26%	17%	12%	4%	1%	-4%

Shareholding Pattern

Numbers in percentages

	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 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	14,697	14,717	15,219	15,148	15,026	14,814	14,814	12,022	12,022	11,440	10,972	11,254

	Mar 2017	Mar 2018	Mar 2019	Jun 2019	Mar 2023	Mar 2024
	54.83%	54.83%	54.83%	54.83%	94.98%	74.99%
	0.15%	0.00%	0.00%	0.00%	0.00%	12.82%
	0.21%	0.22%	0.62%	1.31%	2.00%	1.58%
	44.81%	44.95%	44.55%	43.86%	3.01%	10.62%
No. of Shareholders	13,271	14,697	15,026	14,814	12,022	11,254

* 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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Dolphin Offshore Enterprises (India) Ltd

Dolphin Offshore Enterprises (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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