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Duke Offshore Overview

Duke Offshore Ltd. is an Indian publicly listed marine engineering and offshore services company incorporated in 1985 and headquartered in Mumbai, Maharashtra. The company’s shares are traded on the Bombay Stock Exchange (BSE: 531471), and it operates primarily in the offshore and marine services sector, providing a range of services including logistic support for vessels, ship husbanding, marine force protection, underwater inspection, maintenance and repair (IMR), diving support and fleet management. Over time Duke Offshore has expanded i...Read More

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Duke Offshore Key Financials

Market Cap ₹14 Cr.

Stock P/E -6.3

P/B 3.6

Current Price ₹14

Book Value ₹ 3.9

Face Value 10

52W High ₹25

Dividend Yield 0%

52W Low ₹ 13.1

Duke Offshore Share Price

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Volume
Price

Duke Offshore Quarterly Price

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Duke Offshore Peer Comparison

Duke Offshore Quarterly Results

#(Fig in Cr.) Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Jun 2025 Sep 2025
Net Sales 1 1 0 1 1 0 0 0 0 0
Other Income 0 0 0 0 0 1 0 -0 0 0
Total Income 1 1 0 1 1 1 0 -0 0 0
Total Expenditure 1 1 1 1 1 1 1 0 0 0
Operating Profit -1 1 -0 0 1 0 -1 -0 -0 -0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -1 0 -1 0 1 -0 -1 -1 -0 -1
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -1 0 -1 0 1 -0 -1 -1 -0 -1
Adjustments -0 0 0 -0 0 -0 0 0 -0 0
Profit After Adjustments -1 0 -1 0 1 -0 -1 -1 -0 -1
Adjusted Earnings Per Share -0.8 0.3 -0.6 0.1 0.5 -0.2 -0.7 -0.8 -0.4 -0.5

Duke Offshore Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 9 10 7 9 9 4 2 1 3 4 0 0
Other Income 0 0 0 0 0 0 0 0 0 0 1 0
Total Income 9 10 7 9 9 4 2 2 3 4 1 0
Total Expenditure 5 5 4 6 6 6 3 4 3 3 3 1
Operating Profit 4 4 3 3 4 -1 -1 -2 -0 1 -2 -1
Interest 0 0 0 1 1 1 0 0 0 0 0 0
Depreciation 1 1 1 2 2 2 1 2 1 1 0 0
Exceptional Income / Expenses 1 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 4 4 2 1 1 -4 -2 -4 -1 0 -2 -3
Provision for Tax 1 1 1 1 0 -1 -0 0 -1 -1 0 0
Profit After Tax 3 2 1 -0 1 -3 -2 -4 -0 1 -2 -3
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 3 2 1 -0 1 -3 -2 -4 -0 1 -2 -3
Adjusted Earnings Per Share 2.5 2.5 1.1 -0.2 0.6 -2.7 -2 -4.2 -0.5 1.3 -2.2 -2.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -100% -100% -100% -100%
Operating Profit CAGR -300% 0% 0% NAN%
PAT CAGR -300% 0% 0% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -41% 16% 6% -7%
ROE Average -37% -8% -18% -5%
ROCE Average -36% -16% -22% -3%

Duke Offshore Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 11 14 15 14 15 12 10 6 6 7 5
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 9 8 6 1 0 0 0 0 0
Other Non-Current Liabilities 0 1 1 2 2 1 0 0 -1 -2 -2
Total Current Liabilities 2 3 3 4 3 1 1 0 1 0 0
Total Liabilities 13 17 28 29 26 15 12 7 6 6 4
Fixed Assets 8 8 21 24 22 8 6 5 4 4 3
Other Non-Current Assets 0 0 1 2 0 1 1 0 0 0 0
Total Current Assets 5 9 5 4 4 6 4 2 2 2 0
Total Assets 13 17 28 29 26 15 12 7 6 6 4

Duke Offshore Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 4 2 0 2 4 3 0 0 1
Cash Flow from Operating Activities 5 5 2 4 3 1 -0 -2 0 1 -0
Cash Flow from Investing Activities -4 -0 -14 -4 1 9 0 -0 -0 -0 -0
Cash Flow from Financing Activities -1 -0 9 -1 -3 -9 -0 -0 -0 -0 -0
Net Cash Inflow / Outflow -0 4 -3 -1 2 2 -1 -3 -0 0 -0
Closing Cash & Cash Equivalent 0 4 2 0 2 4 3 0 0 1 0

Duke Offshore Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.55 2.47 1.15 -0.22 0.58 -2.73 -2 -4.17 -0.46 1.26 -2.23
CEPS(Rs) 3.29 3.26 2.31 1.62 2.61 -0.94 -0.61 -2.32 0.45 2.09 -1.76
DPS(Rs) 0.5 0.25 1 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 11.4 13.72 15.46 14.64 15.21 12.49 10.49 6.32 5.87 7.13 4.85
Core EBITDA Margin(%) 46.54 44.05 44.13 37.88 40.49 -34.52 -64.94 -142.64 -15.07 29.09 -3559.74
EBIT Margin(%) 44.42 37.77 29.01 18.48 19.47 -71.82 -132.51 -264.28 -44.82 9.45 -3158.73
Pre Tax Margin(%) 42.77 37.74 24.13 7.76 7.62 -93.57 -136.14 -267.99 -46.07 8.86 -3171.28
PAT Margin (%) 27.03 24.92 16.7 -2.35 6.13 -63.13 -118.14 -281.68 -16.14 29.96 -3171.28
Cash Profit Margin (%) 34.94 32.79 33.67 17.57 27.86 -21.77 -35.99 -156.91 16.03 49.77 -2500.14
ROA(%) 20.85 16.07 5.03 -0.75 2.05 -13.17 -14.96 -43.72 -6.63 20.25 -46.66
ROE(%) 24.81 19.7 7.86 -1.44 3.85 -19.68 -17.38 -49.56 -7.47 19.34 -37.22
ROCE(%) 38.98 29.73 10.22 6.8 7.5 -16.76 -18.33 -43.42 -19.3 5.84 -35.78
Receivable days 53.29 102.54 160.39 99.67 68.37 69.59 90.74 139.51 117.02 91.34 0
Inventory Days 5.99 0 0 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 4.52 10.54 69.48 0 37.81 0 0 0 0 8.97 0
Price/Book(x) 1.01 1.9 5.15 2.37 1.43 0.37 0.86 1.32 1.14 1.58 2.85
Dividend Yield(%) 2.17 0.48 0.63 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.21 2.18 12.76 4.84 2.99 0.32 3.68 5.67 2.44 2.6 197.79
EV/Core EBITDA(x) 2.6 4.77 27.75 12.59 7.26 -1.03 -7.3 -4.06 -19.29 8.89 -7.95
Net Sales Growth(%) 41.45 5.4 -30.86 34.67 1.52 -53.99 -60.86 -12.46 90.69 48.72 -98.32
EBIT Growth(%) 42.06 -10.38 -46.89 -14.2 6.98 -269.67 27.78 -74.59 67.66 131.37 -659.85
PAT Growth(%) 31.85 -2.8 -53.67 -118.95 364.82 -573.74 26.75 -108.73 89.08 376.13 -277.38
EPS Growth(%) 31.85 -2.8 -53.67 -118.96 364.75 -573.75 26.75 -108.73 89.08 376.12 -277.38
Debt/Equity(x) 0 0 0.62 0.7 0.55 0.06 0.06 0.07 0.06 0.02 0.03
Current Ratio(x) 3.22 3.36 1.86 0.87 1.38 5.19 7.22 4.2 1.64 4.56 2.14
Quick Ratio(x) 3.12 3.36 1.86 0.87 1.38 5.19 7.22 4.2 1.64 4.56 2.14
Interest Cover(x) 26.92 1172.68 5.94 1.72 1.64 -3.3 -36.54 -71.1 -36.02 15.89 -251.61
Total Debt/Mcap(x) 0 0 0.12 0.3 0.39 0.16 0.07 0.06 0.05 0.01 0.01

Duke Offshore Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 70.61 70.61 70.61 70.61 70.61 70.61 70.61 70.61 70.61 70.61
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 29.39 29.39 29.39 29.39 29.39 29.39 29.39 29.39 29.39 29.39
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Duke Offshore News

Duke Offshore Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of -8% over the last 3 years.
  • Stock is trading at 3.6 times its book value.
  • Earnings include an other income of Rs. 1 Cr.
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