Dolphin OFF ENT (IND) L
NSE: DOLPHIN · Oil · sector
₹564.00NSE close 2026-10-26
Key numbers
Market cap₹2,256 cr
Price₹564.00
52w high / low₹750 / ₹322
P/E31.3xSector median 9.9x
P/B6.4xSector median 1.6x
Book value₹88.3
Dividend yield–Sector median 0.70%
ROE26.1%Sector median 11.9%
ROCE14.6%Sector median 13.4%
OPM57.5%Sector median 27.2%
Debt / equity0.57xSector median 0.05x
EV/EBITDA29.4xSector median 7.5x
Interest cover5.2x
Current ratio5.54x
Sales growth 3y–Sector median +10.2%
Profit growth 3y–Sector median +19.8%
PEG0.56x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 7 companies in Oil (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹44 cr vs borrowings ₹203 cr (FY26): borrowings are higher by ₹159 cr.
- Operating profit covered interest 5.2x in the last 12 months.
- Operating cash flow was below net profit in 3 of the last 3 years (FY26, FY25, FY24).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 21% of net profit in the last 12 months.
- Debtor days went from 7,975 (FY24) to 729 (FY26).
- No dividend in the last 3 financial years.
- Price ₹564.00 on 2026-10-26: -24.7% from the 52-week high, +75.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹685.30 · low ₹213.95
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17 | 28 | 20 | 16 | 25 | 30 | 45 | 43 |
| EBITDA | 13 | 16 | 11 | 16 | 22 | 22 | 12 | 25 |
| OPM % | 75.8% | 55.1% | 55.4% | 95.0% | 89.4% | 74.9% | 27.1% | 59.1% |
| Other income | 0 | 1 | -0 | 0 | 4 | 2 | 12 | 0 |
| Net profit | 13 | 18 | 10 | 11 | 16 | 15 | 36 | 15 |
| EPS (₹) | 3.23 | 3.89 | 2.61 | 2.83 | 3.90 | 3.32 | 7.08 | 3.70 |
| Revenue YoY | +47.2% | +5.3% | +121.9% | +160.6% | ||||
| Profit YoY | +20.8% | -13.4% | +244.7% | +32.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 6 | 74 | 116 | 143 |
| EBITDA | -2 | 46 | 72 | 82 |
| Net profit | 6 | 46 | 81 | 82 |
| EPS (₹) | 15.85 | 11.62 | 17.13 | 18.00 |
| Revenue growth | +1,044.0% | +57.3% | +73.9% | |
| Profit growth | +734.5% | +74.3% | +56.7% | |
| Dividend / share (₹) | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +73.9% |
| Net profit | – | – | +56.7% |
| EPS | – | – | – |
| Share price | – | +5.8% (2y) | +54.5% |
Balance sheet
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | 221 | 272 | 353 |
| Borrowings | 0 | 165 | 203 |
| Cash & equivalents | 15 | 36 | 44 |
| Total assets | 227 | 461 | 608 |
| Fixed assets | 1 | 1 | 309 |
| Capital work in progress | 47 | 222 | – |
| Investments | 0 | 0 | 0 |
| Receivables | 141 | 197 | 233 |
| Inventory | 0 | 0 | 0 |
| Payables | 0 | 19 | 19 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | 4 | 10 | 45 |
| Cash from investing | -24 | -167 | -75 |
| Cash from financing | 20 | 164 | 31 |
| Capex | 0 | 183 | 74 |
| Free cash flow | 4 | -172 | -28 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| ROE % | 2.5% | 17.1% | 22.9% |
| ROCE % | 0.5% | 11.2% | 13.3% |
| Debtor days | 7,975 | 974 | 729 |
| Inventory days | 0 | 0 | 0 |
| Payable days | 0 | 263 | 299 |
| Cash conversion cycle (days) | 7,975 | 711 | 430 |
| Working capital days | 9,479 | 1,034 | 726 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.99% |
| FIIs | 4.63% |
| DIIs | 0.31% |
| Public (non-institutions) | 20.07% |
| Quarter | 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% |
| Promoter group | % |
|---|---|
| Deep Onshore Services Private Limited | 74.99% |
| Public holders above 1% | % |
|---|---|
| Krishang Vaibhav Shah | 4.00% |
| Unico Global Opportunities Fund Limited | 2.83% |
| Pushpaben Gadhecha | 2.35% |
| Ebisu Global Opportunities Fund Limited | 1.74% |
| Bela Himanshu Shah | 1.50% |
| Kinnari Vaibhav Shah | 1.50% |
| Monarch Networth Capital Limited | 1.26% |
| Gadhecha Hasmukh Ugarchand (Huf) | 1.25% |
| Jayantibhai Virjibhai Babariya | 1.12% |
13,012 shareholders. Pledged: – of promoter shares.
Peers in Oil
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| AEGISVOPAK | ₹26,608 cr | 105.8x | 6.2x | 8.1% | 6.9% | 74.4% | – | 0.70% |
| DOLPHIN | ₹2,256 cr | 31.3x | 6.4x | 26.1% | 14.6% | 57.5% | – | – |
| JINDRILL | ₹1,469 cr | 7.7x | 0.8x | 11.2% | 12.2% | 33.6% | +24.8% | 0.20% |
| GANESHBE | ₹623 cr | 8.6x | 1.0x | 12.5% | 16.1% | 23.4% | -0.8% | – |
| ALPHAGEO | ₹148 cr | – | 0.6x | -0.2% | 0.1% | 5.8% | +19.4% | 3.44% |
| ABAN | ₹85 cr | – | – | – | – | 27.2% | +1.1% | – |
| REPONO | ₹75 cr | 9.9x | 2.2x | 18.9% | 29.1% | 15.3% | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-06 | Other | Annual General Meeting |
| 2024-01-25 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
| 2023-09-22 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Energy |
| Industry | Oil |
| Sub-industry | Offshore Support Solution Drilling |
| Symbol | DOLPHIN |
| BSE code | 522261 |
| ISIN | INE920A01037 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.