1. India Stocks

  2. •

    Industrial services

  3. •

    Oilfield services/Equipment
Dolphin Offshore Enterprises India Ltd.

Dolphin Offshore Enterprises India Ltd.

588.20
INR
-7.60
(-1.28%)
18.00EPS
20.64P/E
14.86BMarket Cap
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
1,452.01
954.01
1,982.36
1,706.12
937.04
754.98
989.89
799.91
- -
- -
1.84
18.5
29.1
35.7
Basic EPS, GAAP
-0.01
20.46
224.69
290.6
170.26
196.32
-53.04
-41.17
-68.11
45.73
1.59
11.62
17.13
18
Free Cash Flow per Basic Share
-135.82
94.35
237.37
296.39
362.98
66.83
-37.99
107.3
-4.08
-5.6
1
-40
-7.04
- -
Dividend per Share
11.39
16.66
14.4
12
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1,159.31
1,149.22
1,314.29
1,666.1
1,865.55
2,900.49
2,814.77
2,777.79
200.4
56.14
55.33
68.09
88.35
- -
Tangible Book Value per Share
1,152.72
1,089.6
1,253.09
1,607.14
1,808.47
2,844.98
2,759.75
2,722.89
200.4
56.14
55.33
68.09
88.35
- -
Basic Weighted Avg Shares
2
2
2
2
2
2
2
2
2
8
35
40
40
40
Sales/Revenue/Turnover
3,044
2,000
4,156
3,577
1,965
1,583
2,075
1,677
- -
- -
65
740
1,164
1,428
Operating Margin (%)
-74.51
5.58
15.57
30.66
39.27
27.57
2.52
0.03
- -
- -
14.17
61.71
48.73
44.72
Depreciation Expense
102
132
192
209
219
214
424
359
135
75
14
2
156
- -
Net Income, GAAP
- -
43
471
609
357
412
-111
-86
-143
361
56
465
685
720
Effective Tax Rate (%)
100
63.06
13.94
2.14
6.02
7.5
- -
- -
- -
- -
- -
2.29
- -
- -
Profit Margin (%)
- -
2.14
11.33
17.03
18.17
26
-5.36
-5.15
- -
- -
86.17
62.79
58.87
50.43
Working Capital
2,156
787
837
1,265
1,552
1,848
2,262
2,539
-781
1,196
1,677
2,100
2,319
- -
LT Debt
1
681
302
140
4
4
5
8
2
- -
12
1,648
2,032
- -
Total Equity
2,431
2,410
2,756
3,494
3,912
6,082
5,902
5,825
420
1,773
2,213
2,724
3,534
- -
Return on Invested Capital (%)
- -
1.27
12.07
14.09
5.63
7.39
- -
- -
- -
26.99
- -
13.53
- -
- -
Return on Capital (%)
- -
3.91
12.09
16.89
10.02
8.76
- -
- -
- -
19.81
- -
14.45
- -
- -
Return on Common Equity (%)
- -
1.77
18.24
19.5
9.64
8.24
-1.86
-1.47
-4.57
32.92
2.8
18.83
21.9
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
2,032
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
40
40
40
Market Capitalization
19,170
15,830
14,860

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
2,830
- -
Cash, Cash Equivalents & STI
- -
437
- -
Accounts Receivable, Net
- -
2,327
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
511
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
39.68%
61.38%
29.74%
Free Cash Flow
-515.56%
-916.41%
-82.4%
Net Income, GAAP
26.34%
81.91%
47.46%
Sales/Revenue/Turnover
- -
- -
57.28%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
83
167
285
204
740
2026
164
246
300
454
1,164
2027
428
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1.89
3.23
3.89
2.61
11.62
2026
2.83
3.9
3.32
7.08
17.13
2027
3.7
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Rupeshbhai Kantilal Savla
Full Time Employees
878
Sector
Industrial services
Industry
Oilfield services/Equipment
Address
May Fair, A-11 Mumbai MA India 400050
IPO Date
Sep 28, 1994
Website
dolphinoffshore.com
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Business
Dolphin Offshore Enterprises (India) Limited (DOLPHIN.NS), incorporated in 1979 and headquartered in Mumbai, India, provides specialized offshore and marine services to the oil and gas industry, primarily in Indian waters. The company offers diving and underwater services, including diving support for pipe laying and pipeline stabilization; inspection, maintenance, and repairs of platforms; underwater ship, rig, and jack-up rig repairs; installation and replacement of tie-ins, risers, and conductors; rig support diving; pre-engineering surveys; and underwater construction services. It also provides fabrication and installation services for onshore and offshore structures; turnkey EPC projects; project management; marine operations and vessel management; design engineering; electrical, electronic, and hydraulic systems repairs; anchor handling tug supply (AHTS) operations; and related ancillary services such as marine logistics, pipeline inspections, geophysical surveys, and geotechnical services, with certifications including ISO 9001 and American Bureau of Shipping. A subsidiary of Deep Industries Ltd., Dolphin Offshore operates a fleet comprising one DP2 accommodation and work barge (Prabha, previously Vikrant Dolphin), four offshore support vessels (OSVs)/workboats, and one AHTS vessel, serving key clients such as ONGC, Oil India, Reliance Industries, Cairn India, Mazagon Dock Shipbuilders, and the Indian Navy. In recent developments, the company, through its wholly owned subsidiary Beluga International DMCC, entered a lease agreement in 2025 with Mexico-based Balash Shipping for its Prabha DP2 accommodation barge, marking a strategic expansion into international markets; it also acquired a 37% stake in an anchor handling tug in partnership with HF Offshore GMBH, Germany, to bolster AHTS capabilities. Additionally, Dolphin Offshore commenced operations of the Prabha barge in fiscal year 2025, appointed Captain Krishan Gopal as Chief Executive Officer, Mrs. Shivangi Digant Shah as Additional Non-Executive Independent Director, and M/s. RPSS & Co. as Secretarial Auditors, and reported strong financial results with consolidated half-year profit of Rs 2,694.09 lakh for the period ended September 30, 2025. These initiatives reflect ongoing fleet enhancements, leadership strengthening, and operational reactivation following prior challenges.