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Dolphin Offshore Ent Overview

Dolphin Offshore Enterprises (India) Ltd is a prominent offshore services provider headquartered in Mumbai, India. The company specializes in providing a wide range of offshore solutions, including underwater diving services, subsea engineering, and marine construction. With a focus on the oil and gas industry, Dolphin Offshore has successfully executed numerous projects, showcasing expertise in platform installations, pipeline laying, and offshore maintenance services. The company's commitment to quality, safety, and innovation has earned it a...Read More

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Dolphin Offshore Ent Key Financials

Market Cap ₹1662 Cr.

Stock P/E 35.8

P/B 5.3

Current Price ₹415.6

Book Value ₹ 78.9

Face Value 1

52W High ₹505.9

Dividend Yield 0%

52W Low ₹ 323

Dolphin Offshore Ent Share Price

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Volume
Price

Dolphin Offshore Ent Quarterly Price

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Dolphin Offshore Ent Peer Comparison

Dolphin Offshore Ent Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 2 2 2 8 17 29 20 16 25 30
Other Income 3 0 1 2 0 1 -0 0 4 2
Total Income 5 2 3 10 17 30 20 16 29 32
Total Expenditure 1 1 7 2 4 13 9 1 3 8
Operating Profit 4 1 -4 8 13 17 11 16 26 24
Interest 0 0 0 0 0 0 1 2 3 4
Depreciation 0 0 0 0 0 0 0 2 4 5
Exceptional Income / Expenses 0 0 1 0 0 0 0 0 0 0
Profit Before Tax 4 0 -4 8 13 16 10 11 19 16
Provision for Tax 0 0 -5 0 -0 1 -0 -1 3 3
Profit After Tax 4 0 1 8 13 16 10 11 16 13
Adjustments 0 0 -0 0 0 0 0 0 -0 -0
Profit After Adjustments 4 0 1 8 13 16 10 11 16 13
Adjusted Earnings Per Share 1.1 0.1 3.7 1.9 3.2 3.9 2.6 2.8 3.9 3.3

Dolphin Offshore Ent Profit & Loss

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 200 416 358 196 158 208 168 0 0 6 74 91
Other Income 34 15 31 10 17 21 5 0 0 4 3 6
Total Income 234 431 388 206 175 229 173 0 0 11 77 97
Total Expenditure 188 334 249 104 98 163 132 1 1 10 28 21
Operating Profit 46 97 140 103 78 66 41 -1 -1 1 49 77
Interest 21 23 21 15 12 10 13 0 0 1 1 10
Depreciation 13 19 21 22 21 42 36 14 8 1 0 11
Exceptional Income / Expenses 0 0 -35 -28 0 -24 0 0 45 2 0 0
Profit Before Tax 12 55 62 38 45 -12 -8 -14 36 0 48 56
Provision for Tax 7 8 1 2 3 -1 1 0 0 -5 1 5
Profit After Tax 4 47 61 36 41 -11 -9 -14 36 6 46 50
Adjustments -0 -0 -0 -0 -0 -0 -0 0 0 0 0 0
Profit After Adjustments 4 47 61 36 41 -11 -9 -14 36 6 46 50
Adjusted Earnings Per Share 0.3 2.8 3.6 2.1 2.5 -0.7 -0.5 -0.9 11.4 1.4 11.6 12.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 1133% 0% -19% -9%
Operating Profit CAGR 4800% 0% -6% 1%
PAT CAGR 667% 0% 0% 28%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 4% NA% 142% 46%
ROE Average 19% 18% 10% 10%
ROCE Average 15% 12% 6% 9%

Dolphin Offshore Ent Balance Sheet

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 241 276 349 391 444 590 582 42 177 221 272
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 68 30 14 0 0 0 1 0 0 0 165
Other Non-Current Liabilities 74 82 82 84 0 1 1 1 0 -4 -4
Total Current Liabilities 181 313 244 161 157 161 208 295 24 5 24
Total Liabilities 565 701 690 637 602 753 792 338 201 222 457
Fixed Assets 218 207 216 201 189 324 289 66 58 3 1
Other Non-Current Assets 87 97 103 119 57 41 41 55 0 47 222
Total Current Assets 260 397 371 316 356 388 462 217 143 173 234
Total Assets 565 701 690 637 602 753 792 338 201 222 457

Dolphin Offshore Ent Cash Flow

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 10 1 3 5 4 3 3 0 0 1 0
Cash Flow from Operating Activities 38 58 62 89 20 -8 22 -1 -4 4 10
Cash Flow from Investing Activities -15 -12 -10 -2 -5 22 -7 0 0 -24 -167
Cash Flow from Financing Activities -28 -43 -51 -88 -17 -13 -18 1 5 20 164
Net Cash Inflow / Outflow -4 2 2 -1 -2 1 -2 -0 0 -0 8
Closing Cash & Cash Equivalent 6 3 5 4 2 3 1 0 1 0 8

Dolphin Offshore Ent Ratios

# Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.26 2.81 3.63 2.13 2.45 -0.66 -0.51 -0.85 11.43 1.39 11.62
CEPS(Rs) 1.04 3.96 4.88 3.43 3.73 1.87 1.62 -0.05 13.81 1.74 11.67
DPS(Rs) 0.15 0.15 0 0 0 0 0.1 0 0 0 0
Book NAV/Share(Rs) 14.37 16.43 20.83 23.32 26.49 35.18 34.72 2.5 56.14 55.32 68.09
Core EBITDA Margin(%) 6.09 19.64 30.47 47.26 38.36 21.45 21.42 0 0 -54.3 61.99
EBIT Margin(%) 16.53 18.65 23.3 26.95 35.55 -0.62 2.94 0 0 18.41 65.9
Pre Tax Margin(%) 5.81 13.17 17.41 19.34 28.12 -5.65 -4.6 0 0 4.07 64.27
PAT Margin (%) 2.15 11.34 17.03 18.17 26.01 -5.36 -5.15 0 0 86.17 62.79
Cash Profit Margin (%) 8.73 15.96 22.88 29.31 39.51 15.08 16.25 0 0 107.43 63.07
ROA(%) 0.79 7.45 8.76 5.38 6.64 -1.64 -1.12 -2.53 13.39 2.63 13.69
ROE(%) 1.77 18.24 19.5 9.64 9.85 -2.15 -1.47 -4.57 32.92 2.8 18.83
ROCE(%) 7.75 17.91 17.93 11.2 11.7 -0.22 0.76 -3.48 19.81 0.57 14.81
Receivable days 369.34 175.64 207.98 339.88 478.59 414.56 570.23 0 0 8010.25 835.35
Inventory Days 11.28 17.14 19.22 18.65 21.19 14.49 16.59 0 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 32.7 3.23 2.29 5.66 3.33 0 0 0 0 212.99 24.58
Price/Book(x) 0.58 0.55 0.4 0.52 0.31 0.36 0.24 0 0 5.36 4.19
Dividend Yield(%) 1.79 1.65 0 0 0 0 1.19 0 0 0 0
EV/Net Sales(x) 1.56 0.72 0.73 1.29 1.2 1.27 1.13 0 0 183.49 17.55
EV/Core EBITDA(x) 6.75 3.1 1.88 2.47 2.44 4 4.64 -194.71 -31.47 1203.81 26.52
Net Sales Growth(%) -34.3 107.79 -13.93 -45.08 -19.43 31.12 -19.19 -100 0 0 1044.5
EBIT Growth(%) -26.67 134.44 7.5 -36.48 6.3 -102.3 480.27 -390.13 355.77 -96.74 3995.78
PAT Growth(%) -73.41 997.47 29.33 -41.41 15.3 -127.01 22.37 -65.49 352.81 -84.57 734.04
EPS Growth(%) -73.43 998.07 29.33 -41.41 15.31 -127.02 22.38 -65.45 1442.52 -87.82 734.06
Debt/Equity(x) 0.76 0.6 0.4 0.17 0.14 0.1 0.11 3.13 0.1 0 0.6
Current Ratio(x) 1.43 1.27 1.52 1.96 2.26 2.4 2.22 0.74 6.06 34.74 9.72
Quick Ratio(x) 1.37 1.18 1.48 1.9 2.21 2.35 2.19 0.72 6.06 34.74 9.72
Interest Cover(x) 1.54 3.4 3.95 3.54 4.78 -0.12 0.39 0 86.75 1.28 40.41
Total Debt/Mcap(x) 1.31 1.09 1 0.33 0.44 0.27 0.45 0 0 0 0.14

Dolphin Offshore Ent Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99
FII 12.82 12.82 12.82 12.82 12.82 4.57 4.57 4.57 4.57 4.58
DII 1.58 1.58 1.58 1.58 1.58 1.45 0.31 0.31 0.31 0.31
Public 10.61 10.61 10.61 10.61 10.61 18.98 20.13 20.13 20.13 20.12
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Dolphin Offshore Ent News

Dolphin Offshore Ent Pros & Cons

Pros

Cons

  • Stock is trading at 5.3 times its book value.
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