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Dolphin Offshore

DOLPHIN NSE
₹614.50 up 19.60 (3.29%)
Market Cap
₹2,458 Cr
P/E
34.14

Dolphin Offshore (DOLPHIN) share price was ₹594.90 at the 28 Oct 2026 close; market capitalisation ₹2,380 Cr; P/E (TTM) 33.05; sector Oil & Gas. The share price rose 57.7% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue was ₹43 Cr, against ₹16 Cr a year earlier and net profit was ₹15 Cr, against ₹11 Cr a year earlier (compared with Jun 2025). Promoters held 74.99% of Dolphin Offshore in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 47/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹594.90 +224.55 +60.63% 1Y

Key Fundamentals

MicrocapOil & GasEnergy
Market Cap
₹2,458 Cr
P/E (TTM)
34.14
EBITDA
₹89.80 Cr
Return on Equity
19.39%
Return on Capital Employed
13.32%
Debt to Equity
0.58
Book Value
₹88.35
EPS (TTM)
₹18.00
52W High
₹749.50
52W Low
₹322.00

Price-based figures as of 29 Oct 2026, 11:30 IST · EPS basis: Consolidated · TTM

Peer Comparison

Energy › Oil & Gas › Offshore Operations › Offshore Support Solution Drilling

Dolphin Offshore (this company)
₹614.5034.142,458 Cr6.960.00%19.39%13.32%160 Cr72 Cr
Jindal Drilling & Industries
₹506.107.651,467 Cr0.810.20%11.57%13.31%1,091 Cr192 Cr
Alphageo
₹230.00—146 Cr0.582.16%-5.48%-7.23%160 Cr0 Cr
Aban Offshore
₹14.21—83 Cr—0.00%1.87%-0.22%495 Cr-191 Cr
Aakash Exploration Services
₹7.9022.5780 Cr1.250.00%10.60%15.26%105 Cr3 Cr
Median 5 companies₹230.0022.57146 Cr1.030.00%10.60%13.31%160 Cr3 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

47 Average
Overall score

Data confidence 98/100

Category scores

Quality Weak 40
Returns, margins, earnings quality 22% weight
Valuation Poor 16
Cheap vs sector & own history 24% weight
Growth Strong 99
Sales & profit trajectory 9% weight
Financial Health Weak 41
Solvency, leverage, coverage 9% weight
Momentum Strong 83
Trend strength, vol-adjusted 12% weight
Ownership Average 53
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company is expected to give good quarter

Weaknesses

4
  • Stock is trading at 7.11 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has high debtors of 729 days.

Technical Indicators

Oscillators

Bearish

Bearish
2
Neutral
7
Bullish
0

Overall

Bearish

Bearish
8
Neutral
7
Bullish
4

Moving Averages

Bearish

Bearish
6
Neutral
0
Bullish
4

Growth Rate

Revenue Growth
73.54% lower than 3Y

change over 1 year

Net Income Growth
47.31% lower than 3Y

change over 1 year

Cash Flow Change
333%

change over 1 year

EBITDA Margin Change
5.62%

change over 1 year Operating margin 59% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1
2
2
2
8
17
28
20
16
25
30
45
43
Expenses
1
1
1
7
2
4
13
9
1
3
8
33
18
Operating Profit
0
1
1
-5
6
13
16
11
16
22
22
12
25
OPM %
-23%
42%
40%
-253%
74%
76%
55%
55%
95%
89%
75%
27%
59%
Other Income
1
3
0
2
2
0
1
0
0
4
2
12
0
Interest
0
0
0
0
0
0
0
1
2
3
4
5
4
Depreciation
0
0
0
0
0
0
0
0
2
4
5
5
5
PBT
0
4
0
-4
8
13
16
10
11
19
16
14
16
Tax %
0%
0%
0%
-138%
5%
-1%
6%
-2%
-5%
18%
17%
-100%
10%
Net Profit
0
4
0
1
8
13
16
10
11
16
13
28
15
EPS (₹)
0.04
1.12
0.11
0.36
1.89
3.23
3.89
2.61
2.83
3.9
3.32
7.08
3.7
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
200
416
358
196
158
208
168
0
0
6
74
116
143
Expenses
201
334
230
104
91
163
128
1
1
4
28
44
61
Operating Profit
-1
82
128
93
67
44
40
-1
-1
2
46
72
82
OPM %
-0.3%
20%
36%
47%
42%
21%
24%
—
—
35%
62%
62%
57%
Other Income
47
15
-24
-18
10
-3
1
0
45
0
3
17
17
Interest
21
23
21
15
12
10
13
0
0
1
1
14
16
Depreciation
13
19
21
22
21
42
36
14
8
1
0
16
18
PBT
12
55
62
38
44
-12
-8
-14
36
0
48
60
66
Tax %
63%
14%
2%
6%
8%
-5%
12%
0%
0%
-2042%
2%
-14%
—
Net Profit
4
47
61
36
41
-11
-9
-14
36
6
46
69
72
EPS (₹)
0.26
2.81
3.63
2.13
2.45
-0.66
-0.51
-0.85
11.43
1.39
11.62
17.13
18
Div. Payout %
59%
5%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
17
17
17
17
17
17
17
17
3
4
4
4
Reserves
224
259
333
374
428
573
566
25
174
217
268
349
Borrowings
183
166
139
66
61
58
64
131
18
1
165
203
Other Liabilities
67
180
121
97
98
105
146
165
6
5
24
51
Total Liabilities
492
621
609
554
603
753
793
338
201
227
461
608
Fixed Assets
218
207
216
201
189
324
289
66
58
3
1
309
CWIP
2
1
1
13
19
0
0
0
0
47
222
0
Investments
0
0
0
0
0
0
0
20
0
15
27
34
Other Assets
272
412
392
340
395
429
503
253
143
164
211
265
Total Assets
492
621
609
554
603
753
793
338
201
227
461
608
Figures in ₹ Crores

Cash Flow

Particulars Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
38
58
62
89
20
-8
22
-1
-4
4
10
45
Investing
-15
-12
-10
-2
-5
22
-6
0
0
-24
-167
-75
Financing
-28
-43
-51
-88
-17
-13
-18
1
5
20
164
31
Net Cash Flow
-4
2
2
-1
-2
1
-2
0
0
0
8
2
Free Cash Flow
20
51
62
76
14
-8
22
-1
-4
9
-160
-28
CFO/OP
-6,742
85
54
100
33
-16
57
113
680
142
23
62
Figures in ₹ Crores

Ratios

Particulars Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
334
191
195
326
553
407
636
—
—
7,972
974
729
Cash Conversion Cycle
334
191
195
326
553
407
636
—
—
7,972
974
729
Working Capital Days
122
57
113
262
439
379
520
—
—
8,618
857
589
ROCE %
5%
18%
26%
17%
12%
4%
1%
—
-4%
1%
15%
15%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Dolphin Offshore insights

56 extracted metrics + investor summaries across FY09–FY27.

Shareholding Pattern

DIIs0.31%Promot.74.99%FIIs4.63%Others5.85%Public14.22%As ofSep 2026

Documents

Frequently Asked Questions about Dolphin Offshore

What does Dolphin Offshore Enterprises (India) Ltd do?
Incorporated in 1979, Dolphin Offshore Enterprises Ltd providing services to the offshore oil and gas industry[1]
Where is Dolphin Offshore Enterprises (India) Ltd (DOLPHIN) listed?
Dolphin Offshore Enterprises (India) Ltd trades as DOLPHIN on the NSE and under code 522261 on the BSE.
Which sector does Dolphin Offshore Enterprises (India) Ltd belong to?
Dolphin Offshore Enterprises (India) Ltd is classified under the Oil & Gas sector, in the Offshore Operations industry.
What is the market capitalisation of Dolphin Offshore Enterprises (India) Ltd?
Dolphin Offshore Enterprises (India) Ltd has a market capitalisation of ₹2,458 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Dolphin Offshore Enterprises (India) Ltd?
Dolphin Offshore Enterprises (India) Ltd trades at a PE ratio of 34.14 as of 29 Oct 2026, on earnings per share of ₹18, against a book value of ₹88.35 per share.
What is the 52-week high and low of Dolphin Offshore Enterprises (India) Ltd?
Over the last 52 weeks Dolphin Offshore Enterprises (India) Ltd has traded between ₹322 and ₹749.5 as of 29 Oct 2026.
What is the Return on Equity (ROE) of Dolphin Offshore Enterprises (India) Ltd?
Dolphin Offshore Enterprises (India) Ltd reported a return on equity of 19.39%. Its debt-to-equity ratio is 0.58.

Company Information

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

Website dolphinoffshore.com
CEO Mr. Divyesh Umeshkumar Shah
Listed 1994-05-31
Face Value ₹ 1
Shares Outstanding 4,00,04,580

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