1. India Stocks

  2. •

    Consumer durables

  3. •

    Automotive aftermarket
Dolfin Rubbers Ltd.

Dolfin Rubbers Ltd.

BBSE:DOLFIN
172.00
INR
-5.25
(-2.96%)
6.19EPS
28.21P/E
1.75BMarket Cap
Dolfin Rubbers Ltd.
BSE:DOLFIN
(Bombay Stock Exchange)

Recent

price

172.00

P/E

ratio

28.21

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
28.45
32.4
40.71
42.88
73.07
69.83
76.53
82.2
111.01
108.1
125.57
143.16
169.25
181.48
Revenue per Share
0.57
0.67
0.53
0.69
1.78
1.86
2.56
2.83
3.73
3.52
4.73
5.11
5.52
6.19
Basic EPS, GAAP
-1.2
3.83
2.44
-3.19
0.85
-4.83
-2.01
-2.28
-1.81
-2.02
1.17
1.44
-0.53
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
0.75
1.2
- -
1.2
- -
- -
- -
Dividend per Share
4.62
4.93
5.45
6.15
7.95
15
17.56
19.64
21.51
24.6
28.19
33.29
38.8
- -
Book Value per Share
4.62
4.93
5.45
6.13
7.94
14.98
17.54
19.63
21.49
24.57
28.18
33.29
38.8
- -
Tangible Book Value per Share
10
10
10
10
7
10
10
10
8
9
10
10
10
10
Basic Weighted Avg Shares
285
325
408
430
539
701
767
825
835
1,016
1,259
1,436
1,698
1,821
Sales/Revenue/Turnover
4.32
3.21
2.63
2.95
3.73
4.1
4.48
4.85
5.25
5.2
5.91
5.37
4.23
4.26
Operating Margin (%)
3
4
5
6
6
6
7
8
11
13
15
17
18
19
Depreciation Expense
6
7
5
7
13
19
26
28
28
33
47
51
55
62
Net Income, GAAP
30.89
17.87
50.84
41.16
26.93
35.45
26.2
29.48
27.22
26.58
28.34
28.56
21.22
18.73
Effective Tax Rate (%)
1.99
2.07
1.29
1.62
2.44
2.66
3.34
3.44
3.36
3.26
3.77
3.57
3.26
3.41
Profit Margin (%)
42
30
25
8
10
57
66
76
106
146
166
197
224
- -
Working Capital
30
17
10
8
4
2
11
27
17
22
26
13
14
- -
LT Debt
46
49
55
62
80
150
176
197
216
247
283
334
389
- -
Total Equity
- -
8.62
6.94
9.25
13.56
12.69
12.92
10.73
10.16
11.08
12.82
11.7
11.04
- -
Return on Invested Capital (%)
- -
9.12
7.52
9.79
13.83
13.45
13.48
10.99
10.62
11.31
13.52
12.26
11.73
- -
Return on Capital (%)
- -
14.06
10.14
11.96
18.58
16.22
15.7
15.22
13.59
14.33
17.93
16.62
15.32
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
172
- -
LT Borrowings
- -
14
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
1,808
1,707
1,751

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
511
- -
Cash, Cash Equivalents & STI
- -
9
- -
Accounts Receivable, Net
- -
157
- -
Inventories
- -
331
- -
Total Current Liabilities
- -
287
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
172
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.27%
14.63%
16.55%
Free Cash Flow
-154.15%
-55.14%
-136.81%
Net Income, GAAP
28.7%
15.25%
8.07%
Sales/Revenue/Turnover
15.68%
15.82%
18.23%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
386
337
318
394
1,436
2026
402
399
410
486
1,698
2027
526
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1.83
1.04
0.71
1.54
5.11
2026
1.57
1.07
1.53
1.63
5.52
2027
1.96
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
Similar Companies
Apollo Tyres Limited. (NSE:APOLLOTYRE)
MRF Limited (NSE:MRF)
Balkrishna Industries Limited (NSE:BALKRISIND)
The Goodyear Tire & Rubber Company (NASDAQ:GT)
Bridgestone Corporation (TSE:5108)
CEAT Limited (NSE:CEATLTD)
Business
Dolfin Rubbers Limited manufactures and sells automotive tires, tubes, and flaps in India. The company produces tires including E-bike front tires (RB/EVO), motorcycle front tires (ZR/ZEN), motorcycle rear tires (MZ/MEZ, NG/NEK, DZ/DAZ, YK/YAK), scooter rear tires (GP/AXE, CP/COP), E-rickshaw tires (ZOR/SL), three-wheeler and tuk-tuk tires, and tractor front tires (DH); tubes for mopeds, scooters, E-rickshaws, three-wheelers, motorcycles, cars (bias and radial), SCVs, LCVs, buses, trucks, tractors, ADV, OTR, and industrial applications; and flaps, utilizing butyl rubber compounds for enhanced air retention and durability across two-wheelers, three-wheelers, cars, tractors, commercial vehicles, and industrial uses. Founded in 1995 and headquartered in Ludhiana, Punjab, Dolfin Rubbers exports to South America, Africa, Asia, Europe, Nepal, Canada, and Bangladesh while maintaining a domestic network of over 600 dealers. In recent developments, the company expanded into tire manufacturing in 2020 with new machinery at its existing facility, increasing tire production capacity to approximately 0.5 million units annually and targeting 7,000 tires per day by mid-2025; it reported net sales growth to Rs 39.90 crore in September 2025, up 18.4% year-over-year, alongside a 3.85% rise in quarterly net profit to Rs 1.08 crore.