Dolphin Offshore Enterprises (India) Limited share price

Dolphin Offshore Enterprises (India) Limited provides offshore and marine services to the oil and gas industry in India. The company offers diving and underwater services, including underwater construction services entailing 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; and inspection required for various certifying bodies. It also provides pre-engineering surveys, preparation of ISO's…Read more

Website NSE हिंदी में BSE

EnergyOil & Gas Equipment & ServicesNSE: DOLPHINISIN INE920A01037

16 Oct 2026, 3:29 PM IST₹652.40▲ 18.25 (2.88%)

Market Cap₹ 2,610 Cr.
Current Price₹ 652.40
High / Low₹ 750 / 322
Stock P/E36.2
Book Value₹ 88
Dividend Yield0.00 %
ROCE13.3 %
ROE21.90 %
Face Value₹ 1.0

More figures (10)

EPS (TTM)₹ 18.00
Price / Book7.39
OPM48.7 %
Debt / Equity0.57
Sales growth (4Y)—
Profit growth (4Y)23.8 %
Promoter holding90.2 %
EV / EBITDA33.2
Beta0.04
All-time high₹ 3,792

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
DOLPHIN	+2.72%	+70.16%	+64.69%	+36.14%	+72.02%	+140.35%	+84.76%
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Dolphin Offshore Enterprises (India) Limited is in the Oil & Gas Equipment & Services industry (Energy), with a market value of ₹2,610 crore.
It trades at 36.2 times its last 12 months' earnings and 7.4 times book value.
Return on equity was 21.9% and return on capital employed 13.3% in the latest year.
Debt was 0.57 times shareholders' equity.
The share price is 13.0% below its 52-week high and up 72.0% over one year.
Promoters and insiders hold about 90.2%; institutions about 0.0%.

Pros

Latest quarter (Jun 2026): sales up 161% and profit up 31% from a year ago.
Healthy return on equity of 14.5% on average over the last 3 years.
Promoters hold a large stake of 74.99%.

Cons

Institutional (FII + DII) holding has fallen by 9.5 points over 3 years.
The company has not paid a dividend recently.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Dolphin Offshore Enterprises (India) Limited

Head office: Mumbai

EnergyOil & Gas Equipment & Services

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	Dolphin Offshore Enterprises (India)	652.40	36.2	2,610	0.00	15	30.72	43	160.58	13.3	21.9	7.39	48.7	0.57	90.16	116	—
2.	Aegis Vopak Terminals	276.00	121.6	30,581	0.07	66	-6.96	234	12.40	7.9	11.0	7.13	51.9	0.87	87.35	923	37.7
3.	Alphageo (India)	255.00	—	162	1.95	15	1,901.68	82	101.09	-7.4	-5.3	0.64	-21.2	—	52.66	112	19.4
	Median: 3 Co.	276.00	78.9	2,610	0.07	15	30.72	82	101.09	7.9	11.0	7.13	48.7	0.72	87.35	116	28.6

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2	2	2	8	17	29	20	16	25	30	45	43
YOY Sales Growth %					717.36%	1,498.91%	949.60%	97.13%	47.14%	5.26%	121.85%	160.58%
	1	1	7	2	4	13	9	1	3	8	33	18
Material Cost %	19%	27%	12%	20%	20%	44%	40%	0%	4%	18%	36%	24%
Employee Cost %	3%	4%	3%	1%	0%	0%	0%	0%	0%	0%	1%	1%
Other Expenses %	36%	29%	338%	5%	4%	1%	4%	4%	7%	6%	35%	16%
Operating Profit	1	1	-5	6	13	16	11	16	22	22	12	25
OPM %	42%	40%	-253%	74%	76%	55%	55%	95%	89%	75%	27%	59%
	3	0	1	2	0	1	-0	0	4	2	12	0
Exceptional items			1
Interest	0	0	0	0	0	0	1	2	3	4	5	4
Depreciation	0	0	0	0	0	0	0	2	4	5	5	5
Profit before tax	4	0	-4	8	13	16	10	11	19	16	14	16
				5%	-1%	6%	-2%	-5%	18%	17%	-100%	10%
Current tax								-1	2	1	1	1
Deferred tax			-5	0	-0	1	-0	0	1	2	-15	0
	4	0	1	8	13	16	10	11	16	13	28	15
Profit to shareholders			1			18		11		15	36
YOY Profit Growth %					266.12%	3,354.57%	614.77%	50.07%	20.80%	-14.71%	171.13%	30.72%
EPS in Rs	1.12	0.13	4.16	1.89	3.23	3.89	2.61	2.83	3.90	3.32	7.08	3.70
Raw filing

₹ Cr	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2	2	2			11	4	0	0	6	5	2
YOY Sales Growth %					-100.00%	535.39%	82.72%			-50.26%	47.51%	515.83%
	1	1	7	0	1	9	5	0	1	0	5	2
Material Cost %	19%	27%	12%			79%	112%	4%	93%	1%	3%	21%
Employee Cost %	3%	4%	3%			1%	2%	19%	17%	1%	1%	9%
Other Expenses %	36%	29%	330%			2%	17%	68%	14%	3%	84%	56%
Operating Profit	1	1	-5	-0	-1	2	-1	0	-0	5	1	0
OPM %	42%	40%	-245%			18%	-31%	9%	-24%	94%	11%	14%
	3	0	1	2	1	2	1	2	6	4	16	5
Exceptional items			1
Interest	0	0	0	0	0	0	1	1	1	2	3	4
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	4	0	-4	1	-0	4	-1	1	5	8	13	1
				28%		25%		-73%	25%	25%	-107%	25%
Current tax								-1
Deferred tax			-5	0	-0	1	-0	0	1	2	-14	0
	4	0	2	1	-0	3	-0	1	4	6	27	1
YOY Profit Growth %					-101.63%	512.57%	-129.54%	21.42%		110.50%		-26.60%
EPS in Rs	1.12	0.13	4.64	0.26	-0.02	0.69	-0.12	0.31	0.88	1.45	6.74	0.23
Raw filing

Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2024	Mar 2025	Mar 2026	TTM
	6	74	116	143
YOY Sales Growth %		1,044.50%	57.28%
	10	28	44	61
Material Cost %	22%	35%	20%	23%
Employee Cost %	3%	0%	1%	1%
Other Expenses %	129%	3%	17%	19%
Operating Profit	-4	46	72	82
OPM %	-54%	62%	62%	57%
	4	3	17	17
Exceptional items	2
Interest	1	1	14	16
Depreciation	1	0	16	18
Profit before tax	0	48	60	66
	-2,015%	2%	-14%	-10%
Current tax			4
Deferred tax	-5	1	-12
	6	46	69	72
Profit to shareholders	6		81
YOY Profit Growth %		734.04%	47.46%
EPS in Rs	15.85	11.62	17.13	18.00

Compounded Sales Growth

TTM:: 74%

Compounded Profit Growth

TTM:: 43%

Stock Price CAGR

5 Years:: 85%
3 Years:: 140%
1 Year:: 72%

Return on Equity

4 Years:: 16%
Last Year:: 22%

₹ Cr	Mar 2024	Mar 2025	Mar 2026	TTM
	6	15	12	14
YOY Sales Growth %		130.15%	-21.18%
	10	15	6	8
Material Cost %	22%	87%	6%	9%
Employee Cost %	3%	2%	3%	3%
Other Expenses %	126%	12%	42%	44%
Operating Profit	-3	-0	6	6
OPM %	-52%	-1%	50%	44%
	4	6	28	31
Exceptional items	2
Interest	1	1	8	10
Depreciation	1	0	0	0
Profit before tax	0	4	26	27
	-1,228%	25%	-43%	-39%
Deferred tax	-5	1	-11
	6	3	38	37
YOY Profit Growth %		-43.54%	1,057.93%
EPS in Rs	16.33	0.81	9.38	9.30

Compounded Sales Growth

TTM:: -10%

Compounded Profit Growth

TTM:: 975%

Stock Price CAGR

5 Years:: 85%
3 Years:: 140%
1 Year:: 72%

Return on Equity

4 Years:: 16%
Last Year:: 22%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3	4	4	4
Reserves	174	217	268	349
	18	1	165	203
Long term borrowings			165	203
Short term borrowings	18
	6	5	24	51
Trade payables	2	0	19	19
Current liabilities	24	5	24	51
Total Liabilities	201	227	461	608
	58	49	223	309
Gross block	58	50	224	325
Accumulated depreciation	206	1	1	16
Goodwill & intangibles	0	0
CWIP		47	222
	143	132	17	299
Trade receivables	143	141	197	233
Cash & equivalents	1	0	8	10
Current assets	143	173	234	283
Total Assets	201	227	461	608

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-4	4	10	45
Profit for the year	36	6	46	69
Working capital changes	-4	1	-35	-36
Direct taxes paid		0	-0	0
	0	-24	-167	-75
Fixed assets purchased			-170	-74
Fixed assets sold		6
Investments purchased		-14	-12	-6
Investments sold	0		0
	5	20	164	31
Proceeds from borrowings	18		165	35
Repayment of borrowings	-16	-18
Interest paid		-1	-0	-4
Net Cash Flow	0	-0	8	2
Free Cash Flow	-4	4	-160	-28

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	20.4%	2.8%	18.8%	21.9%
ROCE	—	20.6%	0.5%	11.2%	13.3%
Operating margin	—	—	14.2%	61.7%	48.7%
Net margin	—	—	86.2%	62.8%	58.9%
Debt / equity	—	0.10	0.01	0.60	0.57
Current ratio	—	6.06	34.74	9.74	5.54
Debtor days	—	—	7,975	974	729
Inventory days	—	0	0	0	0
Days payable	—	103	38	261	178
Cash conversion cycle	—	—	7,937	713	551
Working capital days	—	—	9,463	1,035	727

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 74.99%
FIIs 4.63%
DIIs 0.31%
Public 20.07%

%	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%
	12.82%	12.82%	12.82%	12.82%	12.82%	4.57%	4.57%	4.57%	4.57%	4.58%	4.57%	4.63%
Foreign portfolio investors (Cat. I)	12.82%	12.82%	12.82%	12.82%	12.82%	4.57%	4.57%	4.57%	4.57%	4.58%	4.57%	4.58%
Foreign portfolio investors (Cat. II)												0.05%
	1.58%	1.60%	1.60%	1.60%	1.60%	1.47%	0.31%	0.31%	0.31%	0.31%	0.31%	0.31%
Banks	1.58%	1.58%	1.58%	1.58%	1.58%	1.45%	0.31%	0.31%	0.31%	0.31%	0.31%	0.31%
	10.60%	10.59%	10.59%	10.59%	10.59%	18.97%	20.13%	20.13%	20.13%	20.12%	20.12%	20.07%
Retail (up to ₹2 lakh)	2.80%	2.76%	2.70%	2.61%	2.61%	3.92%	3.98%	4.03%	3.55%	4.03%	3.94%	3.74%
HNIs (above ₹2 lakh)	4.24%	4.24%	4.14%	4.14%	4.14%	10.85%	11.02%	11.02%	9.84%	9.88%	9.88%	10.47%
NRIs	0.10%	0.10%	0.10%	0.09%	0.09%	0.11%	0.11%	0.13%	0.14%	0.19%	0.17%	0.15%
Bodies corporate	0.29%	0.13%	0.26%	0.24%	0.24%	0.40%	0.37%	0.30%	1.09%	0.99%	1.02%	1.20%
IEPF	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
No. of Shareholders	10,972	11,254	13,613	13,016	13,283	13,604	13,526	13,075	12,989	13,892	13,344	13,012

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

None filed recently.

Concalls & investor meets

None filed recently.

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 18 Jul 2013
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

In the news

No recent coverage found.

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Dolphin Offshore Enterprises (India) Limited

What is the share price of Dolphin Offshore Enterprises (India) Limited today?

Dolphin Offshore Enterprises (India) Limited (DOLPHIN) last traded at ₹652.40 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.

What is the market cap of Dolphin Offshore Enterprises (India) Limited?

About ₹2,610 crore at the latest price.

What is the P/E ratio of Dolphin Offshore Enterprises (India) Limited?

About 36.2 times its earnings over the last 12 months.

Is Dolphin Offshore Enterprises (India) Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Dolphin Offshore Enterprises (India) Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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Dolphin Offshore Enterprises (India) Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About Dolphin Offshore Enterprises (India) Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about Dolphin Offshore Enterprises (India) Limited

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