Dolphin Offshore Enterprises (India) Limited
DOLPHINOFF.BO
Bombay Stock Exchange1,469.55
INR
+28.80
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Dolphin Offshore Enterprises (India) Limited
DOLPHINOFF.BO
(Bombay Stock Exchange)
Recent
price
1,469.55
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Dolphin Offshore Enterprises (India) Limited provides underwater services, diving support, marine engineering, fabrication, installation, rig and ship repairs, and turnkey EPC projects to the oil and gas industry primarily in India and select international markets including the Middle East, Vietnam, China, and Malaysia. Incorporated in 1979 and headquartered in Mumbai, Maharashtra, the company offers core services such as air, mixed gas, and saturation diving; underwater construction and pre-engineering surveys; diving support for pipe laying and pipeline stabilization; inspection, maintenance, and repairs of offshore platforms; installation and replacement of tie-ins, risers, and conductors; rig support diving; underwater ship repairs including hull cleaning, propeller maintenance, engine overhauls, and electrical/hydraulic system fixes; jack-up rig repairs encompassing walkway bridge installations, hook-up, commissioning, and topside modifications; and design engineering services. It operates a fleet comprising one accommodation and work barge, four offshore support vessels/workboats, and one anchor handling tug supply vessel, with equipment including saturation diving systems, medical O2 quads, air compressors, welding generators, cranes, scaffolding, and rigging materials; the company is part of Deep Industries Ltd following its acquisition via NCLT-approved resolution plan in 2022, which revived operations after a period of non-operational status. Recent developments include Beluga International DMCC, its wholly owned Dubai subsidiary, entering a three-year lease agreement in April 2025 with Ballast Shipping S.A. DE C.V., a Mexican firm, for the Prabha DP2 accommodation barge (formerly Vikrant Dolphin), valued at approximately USD 32.85 million (INR 281 crore); plans for capital investments of around INR 500 crore over 12-15 months to acquire two diving support vessels/PSVs and two AHTS vessels; takeover of the Rajahmundry field under a production enhancement contract targeting 15-20% productivity improvement; and leadership changes with Captain Krishan Gopal's appointment as CEO in October 2024 followed by his resignation in December 2024.