NSE: DOLPHIN · BSE: 522261 · ISIN INE920A01037
Dolphin Offshore Enterprises (India) Limited stock analysis
Dolphin Offshore Enterprises (India) Limited ranks #1131 in the TickerSutra evidence-ranked universe with a score of 56/100 and 95% data confidence. The latest captured fundamentals show ROCE of 14.9%, quarterly sales growth of 160.6% and quarterly profit growth of 30.7%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- Extreme base-effect growth requires manual validation
- Operating margin has compressed materially
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹0cr | ₹-1cr | ₹-14cr | Unavailable |
| 2023 | ₹0cr | ₹-1cr | ₹36cr | Unavailable |
| 2024 | ₹6cr | ₹2cr | ₹6cr | 35.0% |
| 2025 | ₹74cr | ₹46cr | ₹46cr | 62.0% |
| 2026 | ₹116cr | ₹72cr | ₹69cr | 62.0% |
| TTM | ₹143cr | ₹82cr | ₹72cr | 57.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
(` in Lakhs) Particulars As at March 31, 2026 As at March 31, 2025 Total Debt 18,485.42 4,735.74 Less : Cash & Cash Equivalents 474.16 0.21 Net Debt (A) 18,011.26 4,735.52 Total Equity 19,005.31 15,251.76 Equity and Net Debt (B) 37,016.57 19,987.28 Gearing Ratio (A/B) 48.66% 23.69% 38. ADDITIONAL REGULATORY INFORMATION - RATIOS (` in Lakhs) Ratios Numerator Denominator As at March 31, 2026 As at March 31, 2025 % Chan
These trends are supporting demand for offshore support vessels, accommodation barges, diving support vessels and subsea service providers. Key demand drivers include: (i) increased offshore exploration and production expenditure, (ii) redevelopment of mature offshore fields, (iii) expansion of deepwater developments, (iv) limited addition of new offshore vessels over recent years, resulting in tighter fleet availabi
3 & 4 of the accompanying Notice as an Ordinary Resolution(s). Rupesh Kantilal Savla, was appointed as the Managing Director of the Company by the Board at its Meeting held on 07th December, 2023 for a period of 3 years, which was further approved by the shareholders through passing of shareholders resolution dated 11th January, 2024. 17 FINANCIAL STATEMENTSSTATUTORY REPORTS Annual Report 2025-26DOLPHIN OFFSHORE ENTE
Foreign Currency Exposure Refer Note 34 for foreign currency exposure as at reporting periods respectively. Foreign Currency Sensitivity 1% increase or decrease in foreign exchange rates will have the following impact on the profit before tax Notes Forming Part of Standalone Financial Statements for the year ended March 31, 2026 96 Annual Report 2025-26DOLPHIN OFFSHORE ENTERPRISES (INDIA) LIMITED (` in Lakhs) Currenc
Hence, proxy form, attendance slip and route map are not annexed to this Notice. However, Institutional Investors and Corporate Members are entitled to appoint authorized representatives to attend this AGM through VC / OAVM, participate there at, and cast their votes through e-voting. investors other than individuals, HUF, NRI etc.) intending to appoint authorized representative to participate and/ or vote through e-
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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