Arthneeti

Dolphin Offshore Enterprises (India) Q2 FY27 Share Price & Earnings Call Analysis

₹613.80-0.49% today
Market cap
₹2,455 Cr
P/E
32.67
ROE
21.90%
PEG
0.28
Price to sales
15.16
Debt to equity
0.42
52W high / low
₹724 / ₹333
EBITDA margin
54.02%
Net profit margin
58.87%
Promoter holding
74.99%
Sales (last year)
₹162 Cr

Incorporated in 1979, Dolphin Offshore Enterprises Ltd providing services to the offshore oil and gas industry[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Oil
on management's own guidance

  1. Deep IndustriesGood growth
    2
  2. Asian EnergyGood growth
    1
  3. Ganesh Benzopl.Good growth
    3
See all potential multibaggersWhere does Dolphin Offshore rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Oil companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Asian Energy20–40%Up 2%+₹2,014 Cr25.2
2Deep Industries20–40%Up 0–2%₹4,273 Cr10.3
3Ganesh Benzopl.20–40%Flat₹635 Cr9.7
410–20%Flat₹2.84L Cr6.5
510–20%Flat₹73,848 Cr8.8
610–20%Flat₹11,822 Cr20.8

Sign up free to see every company in the sector ranking and track Dolphin Offshore.

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Financials of Dolphin Offshore

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Dolphin Offshore

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 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%
FIIs +12.82%12.82%12.82%12.82%12.82%4.57%4.57%4.57%4.57%4.58%4.57%4.63%
DIIs +1.58%1.58%1.58%1.60%1.60%1.47%0.31%0.31%0.31%0.31%0.31%0.31%
Public +10.60%10.62%10.62%10.60%10.59%18.96%20.13%20.12%20.13%20.13%20.13%20.06%
No. of Shareholders10,97211,25413,61313,01613,28313,60413,52613,07512,98913,89213,34413,012

Financials of Dolphin Offshore

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +2228172820162530454344
Expenses +11724139138331816
Operating Profit11-56131611162222122527
OPM %42%40%-253%74%76%55%55%95%89%75%27%59%63%
Other Income +302201-00421203
Interest0000001234544
Depreciation0000000245555
Profit before tax40-48131610111916141622
Tax %0%0%-138%5%-1%6%-2%-5%18%17%-100%10%15%
Net Profit +4018131610111613281519
EPS in Rs1.120.110.361.893.233.892.612.833.903.327.083.704.69

Financials of Dolphin Offshore

Profit & Loss

Annual income statement trend

Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +20041635819615820816800674116162
Expenses +20133423010491163128114284474
Operating Profit-18212893674440-1-12467287
OPM %-0.3%20%36%47%42%21%24%35%62%62%54%
Other Income +4715-24-1810-31045031717
Interest2123211512101300111416
Depreciation13192122214236148101619
Profit before tax1255623844-12-8-14360486069
Tax %63%14%2%6%8%-5%12%0%0%-2,042%2%-14%
Net Profit +447613641-11-9-14366466975
EPS in Rs0.262.813.632.132.45-0.66-0.51-0.8511.431.3911.6217.1318.79
Dividend Payout %59%5%0%0%0%0%0%0%0%0%0%0%

Financials of Dolphin Offshore

Balance Sheet

Capital structure and asset base

Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital171717171717171734444
Reserves22425933337442857356625174217268349385
Borrowings +18316613966615864131181165203164
Other Liabilities +67180121979810514616565245158
Total Liabilities492621609554603753793338201227461608612
Fixed Assets +218207216201189324289665831309304
CWIP211131900004722200
Investments000000020015273468
Other Assets +272412392340395429503253143164211265240
Total Assets492621609554603753793338201227461608612

Financials of Dolphin Offshore

Cash Flows

Operating, investing and financing cash movement

Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +3858628920-822-1-441045
Cash from Investing Activity +-15-12-10-2-522-600-24-167-75
Cash from Financing Activity +-28-43-51-88-17-13-18152016431
Net Cash Flow-422-1-21-2-00-082
Free Cash Flow2051627614-822-1-49-160-28
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-6,742%85%54%100%33%-16%57%113%680%142%23%62%

Financials of Dolphin Offshore

Ratios

Working capital efficiency and return ratios

Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days3341911953265534076367,972974729
Inventory Days
Days Payable
Cash Conversion Cycle3341911953265534076367,972974729
Working Capital Days122571132624393795208,618857589
ROCE %5%18%26%17%12%4%1%-4%1%15%15%
46out of 100

Momentum score · price trend

46 out of 100 — Steady

Over the past year its share price has moved roughly in the middle of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+65.9%89%
Last 6 months+50.2%90%
Last 3 months+52.1%98%

The price is 28.3% below its all-time high of ₹860.6 (18 May 2024). Stocks more than 20% below their peak have their score halved, so 91 became 46.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Dolphin Offshore: 0.4 × 89 + 0.4 × 90 + 0.2 × 98 = 91, halved to 46 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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What Dolphin Offshore's management said in earlier quarters

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