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Poor Management Efficiency with a low ROCE of 8.87%
- The company has been able to generate a Return on Capital Employed (avg) of 8.87% signifying low profitability per unit of total capital (equity and debt)
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 0.89 times
Healthy long term growth as Net Sales has grown by an annual rate of 1,044.00% and Operating profit at 1,035.86%
Flat results in Dec 25
With ROCE of 12.7, it has a Very Expensive valuation with a 4 Enterprise value to Capital Employed
Despite the size of the company, domestic mutual funds hold only 0% of the company
Total Returns (Price + Dividend) 
Latest dividend: 1.5 per share ex-dividend date: Jul-18-2013
Risk Adjusted Returns v/s 
Returns Beta
News
Are Dolphin Offshore Enterprises (India) Ltd latest results good or bad?
Dolphin Offshore Enterprises (India) Ltd's latest financial results present a mixed picture. In Q2 FY26, the company reported a net profit of ₹15.61 crores, reflecting a notable growth compared to the previous quarter. Revenue also showed strong performance, reaching ₹24.62 crores, which marked a significant sequential increase. However, the company is experiencing some challenges, particularly in its operating and PAT margins, which have seen a decline from the previous quarter. The operating margin for Q2 FY26 stood at 89.36%, down from 94.95% in the prior quarter, indicating some compression in profitability despite high absolute figures. Similarly, the PAT margin decreased to 63.40%, down from 68.92%. This trend suggests that while revenue is growing, cost pressures are beginning to impact profitability metrics. Additionally, the company's interest expenses and depreciation have risen significantly, p...
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Dolphin Offshore Q2 FY26: Strong Momentum But Premium Valuation Raises Concerns
Dolphin Offshore Enterprises (India) Ltd., a leading underwater services provider to the Indian oil and gas industry, reported a robust second quarter for FY2026, with net profit surging 37.78% quarter-on-quarter to ₹15.61 crores. Year-on-year growth stood at an impressive 20.82%, reflecting continued operational momentum in the company's core underwater services business. However, the stock tumbled 7.27% on January 29, 2026, trading at ₹418.90, as investors grappled with the company's premium valuation of 33.56 times trailing earnings and concerns about sustainability of recent margin expansion.
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Dolphin Offshore Enterprises (India) Ltd Hits Intraday Low Amid Price Pressure
Dolphin Offshore Enterprises (India) Ltd experienced a notable intraday decline on 29 Jan 2026, touching a low of Rs 417.9, reflecting a sharp 7.49% drop from previous levels. This downturn occurred despite a broadly positive market backdrop, with the Sensex advancing 0.3% and nearing its 52-week high.
Read full news article Announcements 
Board Meeting Intimation for Intimation Of Meeting Of Board Of Directors
22-Jan-2026 | Source : BSEDolphin Offshore Enterprises (India) Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/01/2026 inter alia to consider and approve The Company wish to inform you that the meeting of the Board of Directors of the Company is scheduled to be held on Thursday 29th January 2026 inter-alia to transact the following businesses: 1. To consider approve and take on record Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended on 31st December 2025 along with the Limited Review Report thereon pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. 2. To transact any other business with the permission of the Chair.
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
09-Jan-2026 | Source : BSECertificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Closure of Trading Window
23-Dec-2025 | Source : BSEIntimation for closure of Trading Window
Corporate Actions 
(29 Jan 2026)
Dolphin Offshore Enterprises (India) Ltd has declared 15% dividend, ex-date: 18 Jul 13
Dolphin Offshore Enterprises (India) Ltd has announced 1:10 stock split, ex-date: 25 Jan 24
Dolphin Offshore Enterprises (India) Ltd has announced 2:5 bonus issue, ex-date: 29 Jun 09
No Rights history available
Quality key factors 
Valuation key factors
Technicals key factors
Shareholding Snapshot : Dec 2025
Shareholding Compare (%holding) 
Promoters
None
Held by 0 Schemes
Held by 2 FIIs (4.57%)
Deep Onshore Services Private Limited (74.99%)
Krishang Vaibhav Shah (4%)
13.39%
Quarterly Results Snapshot (Consolidated) - Dec'25 - QoQ
QoQ Growth in quarter ended Dec 2025 is 21.85% vs 49.76% in Sep 2025
QoQ Growth in quarter ended Dec 2025 is -14.99% vs 37.78% in Sep 2025
Half Yearly Results Snapshot (Consolidated) - Sep'25
Growth in half year ended Sep 2025 is 63.78% vs 814.96% in Sep 2024
Growth in half year ended Sep 2025 is 31.61% vs 459.29% in Sep 2024
Nine Monthly Results Snapshot (Consolidated) - Dec'25
YoY Growth in nine months ended Dec 2025 is 32.65% vs 1,085.18% in Dec 2024
YoY Growth in nine months ended Dec 2025 is 11.60% vs 776.64% in Dec 2024
Annual Results Snapshot (Consolidated) - Mar'25
YoY Growth in year ended Mar 2025 is 1,044.05% vs 0.00% in Mar 2024
YoY Growth in year ended Mar 2025 is 734.47% vs -84.57% in Mar 2024






