ScoreWhy is Dolphin Offshore Enterprises (India) Ltd ?
1
Poor Management Efficiency with a low ROCE of 7.50%
- The company has been able to generate a Return on Capital Employed (avg) of 7.50% signifying low profitability per unit of total capital (equity and debt)
2
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 2.81 times
3
Healthy long term growth as Net Sales has grown by an annual rate of 324.20% and Operating profit at 269.12%
4
Positive results in Mar 26
- NET SALES(Q) At Rs 45.36 cr has Grown at 98.3% (vs previous 4Q average)
- ROCE(HY) Highest at 13.32%
- DEBTORS TURNOVER RATIO(HY) Highest at 0.50 times
5
With ROCE of 11.1, it has a Very Expensive valuation with a 3.5 Enterprise value to Capital Employed
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 9.02%, its profits have risen by 47% ; the PEG ratio of the company is 0.5
6
Despite the size of the company, domestic mutual funds hold only 0% of the company
- Domestic mutual funds have capability to do in-depth on-the-ground research on companies- their small stake may signify either they are not comfortable at the price or the business
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Dolphin Offshore should be less than 10%
- Overall Portfolio exposure to Oil should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Oil)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Dolphin Offshore for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Dolphin Offshore
9.02%
0.16
57.40%
Sensex
-7.86%
-0.61
12.97%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
324.20%
EBIT Growth (5y)
269.12%
EBIT to Interest (avg)
8.86
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0.45
Sales to Capital Employed (avg)
0.12
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
4.88%
ROCE (avg)
2.79%
ROE (avg)
10.78%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
24
Industry P/E
13
Price to Book Value
4.64
EV to EBIT
31.70
EV to EBITDA
24.85
EV to Capital Employed
3.51
EV to Sales
15.44
PEG Ratio
0.50
Dividend Yield
NA
ROCE (Latest)
11.06%
ROE (Latest)
19.39%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bearish
RSI
No Signal
Bearish
Bollinger Bands
Bearish
Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend27What is working for the Company
NET SALES(Q)
At Rs 45.36 cr has Grown at 98.3% (vs previous 4Q average
ROCE(HY)
Highest at 13.32%
DEBTORS TURNOVER RATIO(HY)
Highest at 0.50 times
PAT(Q)
Highest at Rs 28.33 cr.
EPS(Q)
Highest at Rs 7.08
-17What is not working for the Company
INTEREST(Latest six months)
At Rs 8.47 cr has Grown at 46.79%
OPERATING PROFIT TO INTEREST (Q)
Lowest at 2.52 times
PBT LESS OI(Q)
Lowest at Rs 2.48 cr.
NON-OPERATING INCOME(Q)
is 82.47 % of Profit Before Tax (PBT
Loading Valuation Snapshot...
Here's what is working for Dolphin Offshore
Net Sales - Quarterly
At Rs 45.36 cr has Grown at 98.3% (vs previous 4Q average)
over average Net Sales of the previous four quarters of Rs 22.88 CrMOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 28.33 cr has Grown at 123.7% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 12.67 CrMOJO Watch
Near term PAT trend is very positive
PAT (Rs Cr)
Debtors Turnover Ratio- Half Yearly
Highest at 0.50 times and Grown
each half year in the last five half yearly periodsMOJO Watch
Company has been able to settle its Debtors faster
Debtors Turnover Ratio
Net Sales - Quarterly
Highest at Rs 45.36 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 28.33 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Earnings per Share (EPS) - Quarterly
Highest at Rs 7.08
in the last five quartersMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (Rs)
Here's what is not working for Dolphin Offshore
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 2.48 cr has Fallen at -80.4% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 12.63 CrMOJO Watch
Near term PBT trend is very negative
PBT less Other Income (Rs Cr)
Interest - Quarterly
At Rs 4.87 cr has Grown at 35.28%
Quarter on Quarter (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
Operating Profit to Interest - Quarterly
Lowest at 2.52 times
in the last five quartersMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Interest - Quarterly
Highest at Rs 4.87 cr
in the last five quarters and Increased by 35.28 % (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
Profit Before Tax less Other Income (PBT) - Quarterly
Lowest at Rs 2.48 cr.
in the last five quartersMOJO Watch
Near term PBT trend is negative
PBT less Other Income (Rs Cr)
Non Operating Income - Quarterly
is 82.47 % of Profit Before Tax (PBT)
MOJO Watch
The company's income from non business activities is high; which is not a sustainable business model
Non Operating Income to PBT
Non Operating Income - Quarterly
Highest at Rs 11.67 cr
in the last five quartersMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income
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