Dolphin Offshore Enterprises (India) Ltd

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Dolphin Offshore Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Dolphin Offshore Enterprises (India) Ltd

₹ 613 0.50%
26 Aug - close price
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
  • Market Cap ₹ 2,454 Cr.
  • Current Price ₹ 613
  • High / Low ₹ 670 / 322
  • Stock P/E 66.0
  • Book Value ₹ 47.5
  • Dividend Yield 0.00 %
  • ROCE 11.8 %
  • ROE 21.9 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 12.9 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 10.4% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.30.9 Cr.
  • Company has high debtors of 3,521 days.

* 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

Energy Oil, Gas & Consumable Fuels Oil Offshore Support Solution Drilling

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
0.69 2.05 1.78 1.95 0.00 0.00 11.33 3.56 0.40 0.45 5.63 5.25 2.46
0.85 1.19 1.06 6.72 0.37 0.70 9.34 4.67 0.36 0.55 0.31 4.68 2.12
Operating Profit -0.16 0.86 0.72 -4.77 -0.37 -0.70 1.99 -1.11 0.04 -0.10 5.32 0.57 0.34
OPM % -23.19% 41.95% 40.45% -244.62% 17.56% -31.18% 10.00% -22.22% 94.49% 10.86% 13.82%
1.02 3.40 0.14 1.52 1.89 0.68 2.03 1.31 1.92 6.20 4.18 15.75 4.78
Interest 0.39 0.35 0.03 0.15 0.03 0.04 0.26 0.84 1.24 1.40 1.74 3.32 3.90
Depreciation 0.34 0.38 0.38 0.28 0.07 0.07 0.07 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.13 3.53 0.45 -3.68 1.42 -0.13 3.69 -0.64 0.72 4.70 7.76 13.00 1.22
Tax % 0.00% 0.00% 0.00% -144.29% 27.46% -53.85% 25.20% -25.00% -72.22% 25.11% 25.13% -107.46% 25.41%
0.13 3.53 0.45 1.63 1.02 -0.06 2.76 -0.48 1.24 3.51 5.81 26.97 0.91
EPS in Rs 0.04 1.12 0.11 0.41 0.25 -0.01 0.69 -0.12 0.31 0.88 1.45 6.74 0.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
175 340 233 50 29 62 55 0 0 6 15 12 14
161 309 225 64 52 62 58 1 1 4 15 6 8
Operating Profit 14 31 9 -14 -23 0 -3 -1 -1 2 -0 6 6
OPM % 8% 9% 3.8% -28% -78% 0.2% -6% 38% -1.2% 50% 44%
28 12 -22 -11 15 -24 1 0 45 0 6 28 31
Interest 16 18 17 13 12 11 14 0 0 1 1 8 10
Depreciation 4 4 4 5 4 6 3 2 1 1 0 0 0
Profit before tax 22 21 -34 -43 -24 -41 -19 -2 42 0 4 26 27
Tax % 30% 30% 1% 3% 10% -5% -11% 0% 0% -1,235% 25% -43%
15 15 -34 -44 -26 -39 -17 -2 42 6 3 38 37
EPS in Rs 0.91 0.88 -2.03 -2.65 -1.57 -2.33 -1.02 -0.15 13.41 1.43 0.81 9.38 9.30
Dividend Payout % 16% 17% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -9%
5 Years: %
3 Years: %
TTM: -10%
Compounded Profit Growth
10 Years: 13%
5 Years: %
3 Years: 163%
TTM: 975%
Stock Price CAGR
10 Years: 53%
5 Years: %
3 Years: 253%
1 Year: 39%
Return on Equity
10 Years: %
5 Years: %
3 Years: 10%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 17 17 17 17 17 17 17 17 3 4 4 4
Reserves 222 234 200 155 129 95 79 -46 102 145 149 186
109 113 90 66 61 63 93 131 18 1 47 185
55 168 117 95 90 96 110 165 6 5 6 18
Total Liabilities 403 532 423 333 297 272 298 267 129 155 206 393
29 30 27 21 17 30 26 19 13 3 1 1
CWIP 1 1 1 1 0 0 0 0 0 0 0 0
Investments 20 20 20 20 20 20 20 20 0 15 0 0
353 480 376 292 260 222 252 228 115 138 204 392
Total Assets 403 532 423 333 297 272 298 267 129 155 206 393

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
22 10 -24 1 -4 4 -11 -1 -4 2 1 6
-4 6 66 36 21 4 -5 0 0 -22 -48 -138
-21 -16 -43 -37 -17 -8 16 1 5 20 47 137
Net Cash Flow -4 -0 0 -0 -0 -0 0 -0 0 -0 -0 5
Free Cash Flow 21 4 -23 1 -4 4 -11 -1 -4 9 1 6
CFO/OP 214% 64% -191% -30% 11% 4,720% 323% 113% 682% 54% -617% 100%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 380 226 250 951 1,410 427 646 6,463 2,868 3,521
Inventory Days
Days Payable
Cash Conversion Cycle 380 226 250 951 1,410 427 646 6,463 2,868 3,521
Working Capital Days 412 199 228 771 898 132 1 7,175 2,806 3,568
ROCE % 11% 11% 5% -1% -6% -3% -3% -2% 2% 3% 12%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2023 Mar 2024 Mar 2025
Permanent Employees on Rolls
employees

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Saturation Diving Systems Owned
systems
Total Fleet Count (Vessels Owned/Managed)
vessels
Air and Mixed Gas Diving Systems
systems
DP2 Accommodation Barge - People Capacity
persons
AHTS Vessel Bollard Pull Capacity
Metric Tons
Daily Charter Rate (Prabha DP2 Barge)
USD per day

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
94.98% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99%
0.00% 12.82% 12.82% 12.82% 12.82% 12.82% 4.57% 4.57% 4.57% 4.57% 4.58% 4.57%
2.00% 1.58% 1.58% 1.58% 1.60% 1.60% 1.47% 0.31% 0.31% 0.31% 0.31% 0.31%
3.02% 10.60% 10.62% 10.62% 10.60% 10.59% 18.96% 20.13% 20.12% 20.13% 20.13% 20.13%
No. of Shareholders 11,44010,97211,25413,61313,01613,28313,60413,52613,07512,98913,89213,344

* 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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