Dolphin Offshore Enterprises (India) Limited DOLPHIN NSEINFRA
Dolphin Offshore Enterprises (India) Limited provides offshore and marine services to the oil and gas industry in India, Thailand, Mexico, Malaysia, Indonesia, Africa, and internationally. The company offers diving and underwater services, including underwater construction services that entail the modification and redevelopment of existing offshore facilities; pre-engineering surveys; diving support for pipe laying and pipeline stabilization; inspection, maintenance, and repair of platforms; installation and replacement of tie-ins, risers, and conductors; underwater ship repair and maintenance; rig support diving services, including UWILD surveys; inspection required for various certifying bodies; platform frames; leg fixing; laying of composite power cables; air, mixed gas, and saturation diving; and installation of hanger and subsea clamps, and seals at bell mouth. It also provides onshore and offshore procurement, fabrication, installation, hookup, and commissioning of plants and equipment; engineering, procurement, and construction of turnkey projects; and design engineering. In addition, the company offers rig and ship repair services, including floating/dry dock and in-situ emergency repairs; underwater cleaning of propellers; hull painting, plating, piping, and structural repairs and replacement; repair and replacement of shale shakers, leg bracings, jacking units, raw water towers, and high pressure piping; repair, overhaul, and replacement of engines; repair of electrical, electronic, and hydraulic systems, as well as air conditioning, refrigeration, decks, and spud can and legs; and repair and refurbishment of accommodation quarters. Further, it provides vessel operations and management, marine logistics, and electrical and instrumentation services, as well as sells spare parts. The company was incorporated in 1979 and is based in Mumbai, India. Dolphin Offshore Enterprises (India) Limited is a subsidiary of Deep Onshore Services Private Limited.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Strong return on equity of 21.9%.
- Excellent profit margin of 58.9%.
- Profit CAGR of 23.8% over 5 years.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Energy).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | DOLPHIN Dolphin Offshore Enterprises (India) Limited NSEINFRA | 402.20 | 23.48 | ₹1,608.98 Cr | - | 13.32% | 21.90% | - | 23.82% |
| 2 | RELIANCE Reliance Industries Limited NIFTY50NSEAIINFRA | 1,321.20 | 22.12 | ₹17.88 L Cr | 0.45% | 8.99% | 9.14% | 6.39% | 6.59% |
| 3 | ADANIENT Adani Enterprises Limited NIFTY50NSEAIINFRA | 2,937.40 | 39.84 | ₹4.03 L Cr | 0.04% | 10.09% | 13.66% | -7.61% | 55.92% |
| 4 | ONGC Oil and Natural Gas Corporation Limited NIFTY50NSEINFRAPSU | 265.40 | 8.06 | ₹3.34 L Cr | 6.97% | 12.95% | 12.70% | 1.70% | 4.11% |
| 5 | COALINDIA Coal India Limited NIFTY50NSEINFRAPSU | 457.90 | 9.07 | ₹2.82 L Cr | 4.80% | 19.79% | 28.12% | 9.74% | -0.71% |
| 6 | IOC Indian Oil Corporation Limited NSEINFRAPSU | 140.24 | 4.59 | ₹1.98 L Cr | 7.13% | 20.70% | 20.97% | -1.77% | 62.60% |
| 7 | HINDPETRO Hindustan Petroleum Corporation Limited NIFTY_MIDNSEINFRA | 393.85 | 4.64 | ₹83,804.29 Cr | 8.82% | 23.54% | 30.93% | 0.47% | 119.51% |
| 8 | OIL Oil India Limited NIFTY_MIDNSEINFRAPSU | 476.15 | 11.70 | ₹77,450.93 Cr | 3.99% | 10.13% | 12.74% | -2.02% | -8.81% |
| 9 | PETRONET Petronet LNG Limited NIFTY_MIDNSEINFRAPSU | 271.05 | 10.39 | ₹40,657.50 Cr | 3.69% | 21.26% | 18.56% | -9.63% | 5.56% |
Quarterly Results
Figures in INR.
| Metric | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 20.44 Cr | 16.44 Cr | 24.62 Cr | 30.00 Cr | 45.36 Cr |
| Cost of Revenue | 8.21 Cr | 2.36 Cr | 4.64 Cr | 10.14 Cr | 21.48 Cr |
| Gross Profit | 12.23 Cr | 14.09 Cr | 19.98 Cr | 19.86 Cr | 23.87 Cr |
| Operating Expenses | 90.06 L | 80.94 L | 1.74 Cr | 1.99 Cr | 16.53 Cr |
| Operating Income | 11.33 Cr | 13.28 Cr | 18.24 Cr | 17.87 Cr | 7.34 Cr |
| EBITDA | 11.14 Cr | 13.28 Cr | 22.28 Cr | 19.58 Cr | 19.01 Cr |
| Interest Expense | 85.59 L | 2.47 Cr | 3.30 Cr | 3.60 Cr | 4.87 Cr |
| Pretax Income | 10.29 Cr | 10.81 Cr | 18.98 Cr | 15.97 Cr | 14.15 Cr |
| Tax Provision | -16.21 L | -52.36 L | 3.37 Cr | 2.70 Cr | -14.18 Cr |
| Net Income | 10.45 Cr | 11.33 Cr | 15.61 Cr | 13.27 Cr | 28.33 Cr |
| Diluted EPS | 2.61 | 2.83 | 3.90 | 3.32 | 7.08 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 0 | 6.47 Cr | 74.02 Cr | 116.42 Cr |
| Cost of Revenue | - | 7.51 Cr | 2.82 Cr | 25.87 Cr | 38.62 Cr |
| Gross Profit | - | -7.51 Cr | 3.65 Cr | 48.15 Cr | 77.80 Cr |
| Operating Expenses | - | 65.16 L | 2.73 Cr | 2.48 Cr | 21.07 Cr |
| Operating Income | - | -8.16 Cr | 91.62 L | 45.67 Cr | 56.73 Cr |
| EBITDA | - | 44.04 Cr | 2.57 Cr | 48.98 Cr | 89.80 Cr |
| Interest Expense | - | 42.03 L | 92.74 L | 1.21 Cr | 14.24 Cr |
| Pretax Income | - | 36.11 Cr | 26.35 L | 47.57 Cr | 59.91 Cr |
| Tax Provision | - | 0 | -5.31 Cr | 1.09 Cr | -8.63 Cr |
| Net Income | - | 36.11 Cr | 5.57 Cr | 46.48 Cr | 68.54 Cr |
| Diluted EPS | - | 45.73 | 1.59 | 11.62 | 17.13 |
Compounded Sales Growth
| 5 Years: | - |
| 1 Year: | 121.90% |
Compounded Profit Growth
| 5 Years: | 23.82% |
| 1 Year: | 171.30% |
Stock Price Performance
| 1 Year: | -8.33% |
| 6 Months: | +11.55% |
| 3 Months: | -2.58% |
| 1 Month: | -2.84% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 200.95 Cr | 227.46 Cr | 461.19 Cr | 607.69 Cr |
| Current Assets | - | 143.23 Cr | 172.64 Cr | 234.01 Cr | 282.99 Cr |
| Cash & Equivalents | - | 64.48 L | 16.30 L | 8.36 Cr | 9.91 Cr |
| Inventory | - | 0 | 0 | 0 | 0 |
| Receivables | - | 142.56 Cr | 141.31 Cr | 197.49 Cr | 232.67 Cr |
| Total Liabilities | - | 23.62 Cr | 6.13 Cr | 188.79 Cr | 254.26 Cr |
| Current Liabilities | - | 23.62 Cr | 4.97 Cr | 24.04 Cr | 51.05 Cr |
| Long Term Debt | - | 0 | 0 | 164.75 Cr | 203.21 Cr |
| Total Debt | - | 18.03 Cr | 1.16 Cr | 164.75 Cr | 203.21 Cr |
| Total Equity | - | 177.33 Cr | 221.33 Cr | 272.40 Cr | 353.43 Cr |
| Shares Outstanding | - | 3.16 Cr | 4.00 Cr | 4.00 Cr | 4.00 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -4.42 Cr | 3.53 Cr | 10.47 Cr | 45.34 Cr |
| Investing Cash Flow | - | 7.00 L | -23.57 Cr | -166.54 Cr | -74.91 Cr |
| Financing Cash Flow | - | 4.80 Cr | 19.56 Cr | 164.27 Cr | 31.11 Cr |
| Capital Expenditure | - | - | - | -170.47 Cr | -73.51 Cr |
| Free Cash Flow | - | -4.42 Cr | 3.53 Cr | -160.00 Cr | -28.17 Cr |
| Net Change in Cash | - | 44.98 L | -48.18 L | 8.20 Cr | 1.54 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | - | 56.4% | 65.1% | 66.8% |
| Operating Margin % | - | - | 14.2% | 61.7% | 48.7% |
| Net Margin % | - | - | 86.2% | 62.8% | 58.9% |
| ROE % | - | 20.4% | 2.5% | 17.1% | 19.4% |
| ROCE % | - | -4.6% | 0.4% | 10.4% | 10.2% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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