Dolphin Offshore Enterprises (India) ltd.

BSE: DOLPHIN522261ISIN INE920A01037

Energy
Offshore Support Solution Drilling
BSE Energy

Share price

₹658.35+47.00 (+7.69%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹749.00
52W low: ₹323.00
Off 52W high: -12.10%
1M return: +6.34%
3M return: +62.52%
6M return: +53.73%
1Y return: +59.91%
20D avg volume: 927
50 DMA: ₹637.35
200 DMA: ₹469.93

Key ratios Consolidated

Market cap: ₹2,634 Cr
Current price: ₹658.35
52W high / low: ₹749.00 / ₹323.00
Face value: ₹1.00
P/E: 35.04
P/B: 6.76
EPS (TTM): ₹18.79
Book value / share: ₹97.36
ROE: —
ROCE: 13.30%
Operating margin: —
Net margin: —
Debt / equity: 0.57
Net debt: ₹193.30 Cr
Interest cover: 5.21
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 670.4 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	43.73	42.85	45.36	30.00	24.62	16.44	20.44	28.50	16.73	8.34	1.95	1.78
	3.34	0.03	11.67	1.70	4.04	0.00	0.19	1.12	0.29	1.89	0.95	0.14
	47.07	42.88	57.03	31.70	28.66	16.45	20.25	29.62	17.02	10.23	2.90	1.93
	25.09	26.39	42.88	15.73	9.68	5.64	9.97	13.14	4.17	2.28	7.31	1.48
	10.50	10.34	16.54	5.54	0.88	0.01	8.21	12.44	3.35	1.67	0.23	0.48
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.29	0.26	0.54	0.08	0.08	0.08	0.07	0.14	0.07	0.07	0.06	0.06
	3.79	3.96	4.87	3.60	3.30	2.47	0.86	0.27	0.05	0.03	0.15	0.03
	4.98	4.89	4.94	4.59	3.77	2.34	0.00	0.07	0.07	0.07	0.28	0.38
	5.53	6.95	15.99	1.91	1.67	0.73	0.83	0.22	0.63	—	6.59	0.52
	21.98	16.49	14.15	15.97	18.98	10.81	10.29	16.49	12.85	7.95	-4.41	0.45
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.57	0.00
	21.98	16.49	14.15	15.97	18.98	10.81	10.29	16.49	12.85	7.95	-3.85	0.45
	3.21	1.68	-14.18	2.70	3.37	-0.52	-0.16	0.93	0.07	0.39	5.31	0.00
	18.76	14.81	28.33	13.27	15.61	11.33	10.45	15.56	12.92	7.55	1.46	0.45
	4.69	3.70	7.08	3.32	3.90	2.83	2.61	3.89	3.23	1.89	4.16	1.34
Key metrics
	30.75	25.34	23.96	24.16	26.05	15.62	11.15	16.83	12.97	8.05	-3.42	0.86
	70.30%	59.10%	52.80%	80.50%	105.80%	95.00%	54.50%	59.10%	77.50%	96.50%	-175.40%	48.30%
	42.90%	34.60%	62.50%	44.20%	63.40%	68.90%	51.10%	54.60%	77.20%	90.50%	74.90%	25.30%
	4.70%	—	3.40%	—	4.40%	—	2.60%	—	—	—	—	—
	77.60%	160.60%	121.90%	5.30%	47.20%	97.10%	948.20%	1,501.10%	—	—	—	—
	20.20%	30.70%	171.10%	-14.70%	20.80%	50.10%	615.80%	3,357.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23
Income statement
	161.94	116.42	74.02	6.47	0.00
	16.74	17.42	3.10	4.50	0.00
	178.68	133.84	77.12	10.96	0.00
	110.09	73.93	29.55	12.28	8.58
	42.92	22.97	25.66	1.45	—
	0.00	0.00	0.00	—	—
	1.17	0.77	0.35	0.22	—
	16.22	14.24	1.21	0.93	0.42
	19.40	15.65	0.21	1.38	7.51
	30.38	20.31	2.13	8.32	0.65
	68.59	59.91	47.57	-1.32	-8.58
	0.00	0.00	0.00	1.58	44.69
	68.59	59.91	47.57	0.26	36.11
	-6.59	-8.63	1.09	5.31	0.00
	75.17	68.54	46.48	5.57	36.11
	18.79	17.13	11.62	15.85	457.29
Key metrics
	104.21	89.80	48.99	2.57	44.04
	64.35%	77.10%	66.20%	39.70%	—
	46.42%	58.90%	62.80%	86.10%	—
	—	13.30%	11.20%	—	—
	79.93%	57.30%	1,044.00%	—	—
	41.96%	47.50%	734.50%	-84.60%	—
	—	-28.17	-172.36	—	—
	—	0.66	0.23	—	—
	—	0.57	0.60	—	—
	—	193.30	156.39	—	—
	—	670.4	882.5	—	—
Balance sheet
	—	607.69	461.19	—	—
	—	282.62	233.64	—	—
	—	9.91	8.36	—	—
	—	232.67	197.49	—	—
	—	0.00	0.00	—	—
	—	6.17	0.34	—	—
	—	308.94	1.11	—	—
	—	18.84	18.52	—	—
	—	51.05	24.04	—	—
	—	203.21	164.75	—	—
	—	0.00	0.00	—	—
	—	203.21	164.75	—	—
	—	353.43	272.40	—	—
Cash flow
	—	45.34	10.47	—	—
	—	-74.91	-166.54	—	—
	—	31.11	164.27	—	—
	—	73.51	182.83	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	6.92	2.46	5.25	5.63	0.45	0.40	3.56	11.33	—	—	1.95	1.78
	7.69	4.78	15.75	4.18	6.20	1.93	1.31	2.03	0.68	1.89	0.95	0.14
	14.61	7.24	21.00	9.81	6.65	2.33	4.87	13.35	0.68	1.89	2.90	1.93
	7.07	6.02	8.00	2.05	1.96	1.61	5.51	9.67	0.80	0.47	7.14	1.48
	2.07	0.52	0.18	0.07	0.42	0.01	3.99	9.00	—	—	0.23	0.48
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.26	0.23	0.08	0.08	0.08	0.08	0.07	0.14	0.07	0.07	0.06	0.06
	3.77	3.90	3.32	1.74	1.40	1.24	0.84	0.26	0.04	0.03	0.15	0.03
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.07	0.07	0.07	0.28	0.38
	0.97	1.38	4.42	0.17	0.06	0.27	0.61	0.21	0.62	—	6.42	0.52
	7.54	1.22	13.00	7.76	4.70	0.72	-0.64	3.69	-0.13	1.42	-4.24	0.45
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	0.57	—
	7.54	1.22	13.00	7.76	4.70	0.72	-0.64	3.69	-0.13	1.42	-3.68	0.45
	1.79	0.31	-13.97	1.95	1.18	-0.52	0.16	0.93	0.07	0.39	5.31	—
	5.75	0.91	26.97	5.81	3.52	1.24	-0.48	2.76	-0.06	1.02	1.63	0.45
	1.44	0.23	6.74	1.45	0.88	0.31	-0.12	—	-0.02	0.26	4.64	1.34
Key metrics
	11.31	5.12	16.32	9.50	6.10	1.96	0.20	4.02	-0.02	1.52	-3.25	0.86
	163.40%	208.10%	310.90%	168.70%	1,355.60%	490.00%	5.60%	35.50%	-2.90%	80.40%	-166.70%	48.30%
	83.10%	37.00%	513.70%	103.20%	782.20%	310.00%	-13.50%	24.40%	-8.80%	54.00%	83.60%	25.30%
	3.10%	—	4.40%	—	2.70%	—	0.10%	—	—	—	—	—
	1,437.80%	515.00%	47.50%	-50.30%	-33.80%	-78.80%	82.60%	536.50%	—	—	—	—
	63.40%	-26.60%	5,718.80%	110.50%	5,966.70%	21.60%	-129.40%	513.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23
Income statement
	20.26	11.73	14.88	6.47	—
	32.40	28.06	5.89	4.50	—
	52.66	39.79	20.78	10.96	—
	23.14	13.61	16.45	12.11	2.33
	2.84	0.68	12.99	1.45	—
	0.00	0.00	0.00	—	—
	0.65	0.31	0.35	0.22	—
	12.73	7.70	1.17	0.93	0.42
	0.00	0.00	0.21	1.38	1.25
	6.94	4.93	1.73	8.15	0.65
	29.52	26.18	4.33	-1.15	-2.33
	0.00	0.00	0.00	1.58	44.69
	29.52	26.18	4.33	0.43	42.36
	-9.92	11.36	1.09	5.31	—
	39.44	37.54	3.24	5.74	42.36
	9.86	9.38	0.81	16.33	536.50
Key metrics
	42.25	33.88	5.71	2.74	44.03
	208.54%	288.80%	38.40%	42.30%	—
	194.67%	320.00%	21.80%	88.70%	—
	—	9.00%	2.80%	—	—
	28.72%	-21.20%	130.00%	—	—
	460.23%	1,058.60%	-43.60%	-86.40%	—
	—	6.31	1.01	—	—
	—	0.17	0.31	—	—
	—	0.97	0.31	—	—
	—	180.11	47.36	—	—
	—	3,507.8	2,861.9	—	—
Balance sheet
	—	393.27	205.63	—	—
	—	137.81	120.22	—	—
	—	4.74	0.00	—	—
	—	113.15	116.91	—	—
	—	0.00	0.00	—	—
	—	6.13	0.46	—	—
	—	1.11	1.11	—	—
	—	0.42	0.24	—	—
	—	18.36	5.75	—	—
	—	184.85	47.36	—	—
	—	0.00	0.00	—	—
	—	184.85	47.36	—	—
	—	190.05	152.52	—	—
Cash flow
	—	6.32	1.01	—	—
	—	-138.27	-47.93	—	—
	—	136.69	46.91	—	—
	—	0.01	0.00	—	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: -3.95%
Profit CAGR 5Y: —
Sales YoY (TTM): +28.72%
Profit YoY (TTM): +460.23%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: +23.81%
Profit CAGR 5Y: —
Sales YoY (TTM): +79.93%
Profit YoY (TTM): +41.96%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 74.99%

Quarter	September 2026	June 2026
Promoter %	74.99%	74.99%

Holder	Type	Holding	Previous	Change
Deep Onshore Services Private Limited	Promoter	74.99%	74.99%	0.00%
Krishang Vaibhav Shah	Public	4.00%	4.00%	0.00%
Unico Global Opportunities Fund Limited	Public	2.83%	2.83%	0.00%
Pushpaben Gadhecha	Public	2.35%	2.35%	0.00%
Ebisu Global Opportunities Fund Limited	Public	1.74%	1.74%	0.00%
Bela Himanshu Shah	Public	1.50%	1.50%	0.00%
Kinnari Vaibhav Shah	Public	1.50%	1.50%	0.00%
Monarch Networth Capital Limited	Public	1.26%	1.26%	0.00%
Gadhecha Hasmukh Ugarchand (Huf)	Public	1.25%	1.25%	0.00%
Jayantibhai Virjibhai Babariya	Public	1.12%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Dolphin Offshore Enterprises (India) ltd.	2,619	658.35	35.04	13.30%	+79.93% TTM	+41.96% TTM	+59.91%
Jindal Drilling & Industries Ltd.	1,502	529.65	8.01	11.50%	+11.72% TTM	-19.52% TTM	-9.17%
Alphageo (India)Ltd.	161	244.75	916.34	-7.20%	+8.64% TTM	+101.87% TTM	-3.55%
Aban Offshore Ltd.	83	14.17	-0.43	-0.20%	-0.26% TTM	+78.73% TTM	-63.41%

Filings & corporate actions

Recent announcements

Announcement under Regulation 30 (LODR)- Newspaper Publication2 Nov 2026 · Company Update / Newspaper Publication
Outcome of Board meeting31 Oct 2026 · Result / Financial Results
Outcome of Board Meeting31 Oct 2026 · Board Meeting / Outcome of Board Meeting
Dolphin Offshore Enterprises (India) Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/10/2026 ,inter alia, to consider and approve The Company ....24 Oct 2026 · Board Meeting / Board Meeting
Compliance Certificate under Reg. 74 (5) SEBI (DP) Regulations, 20188 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for Closure of Trading Window21 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed herewith details of voting result along with the Scrutinizer''s Report.26 Aug 2026 · AGM/EGM / AGM
Please find enclosed herewith the proceedings of the 47th AGM of the Company held on Tuesday, 25th August, 2026 at 11:00 AM.25 Aug 2026 · AGM/EGM / AGM
Clarification letter19 Aug 2026 · Company Update / General
The Exchange has sought clarification from Dolphin Offshore Enterprises (India) Ltd on August 18, 2026 with reference to significant movement in price, in order to ensure that investors ....18 Aug 2026 · Company Update / Clarification
Intimation for Newspaper publication1 Aug 2026 · Company Update / Newspaper Publication
Notice of 47th Annual General Meeting31 Jul 2026 · Company Update / General
Annual Report for the 47th annual general meeting of the company31 Jul 2026 · Others / Reg. 34 (1) Annual Report
47th Annual General Meeting to be held on Tuesday, 25th August, 202631 Jul 2026 · AGM/EGM / AGM
Newspaper publication for 47th Annual General meeting of the Company26 Jul 2026 · Company Update / Newspaper Publication
Newspaper Publication for financial results for the quarter ended on 30.06.202626 Jul 2026 · Company Update / Newspaper Publication
Re-appointment of Managing Director24 Jul 2026 · Company Update / Change in Management
Outcome of results24 Jul 2026 · Result / Financial Results
outcome24 Jul 2026 · Board Meeting / Outcome of Board Meeting
Dolphin Offshore Enterprises (India) Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/07/2026 ,inter alia, to consider and approve The Company ....16 Jul 2026 · Board Meeting / Board Meeting
Announcement under Regulation 30 (LODR)10 Jul 2026 · Company Update / General
Compliances certificate under Reg. 74 (5) of SEBI (DP) Regulations, 20188 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window18 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Annual Secretarial Compliance Report for the Financial year ended on March 31, 20266 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Intimation for newspaper publication6 May 2026 · Company Update / Newspaper Publication
Re-Appointment of Internal Auditor5 May 2026 · Company Update / Change in Management
Results for the quarter and year ended on 31st March, 20265 May 2026 · Result / Financial Results
Outcome of the Board Meeting held today i.e. May 05, 20265 May 2026 · Board Meeting / Outcome of Board Meeting
Declaration of Non-Applicability As a Large Corporate30 Apr 2026 · Company Update / General
Dolphin Offshore Enterprises (India) Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/05/2026 ,inter alia, to consider and approve The Company ....28 Apr 2026 · Board Meeting / Board Meeting
Postal Ballot-Scrutinizer''s Report28 Apr 2026 · AGM/EGM / Postal Ballot
Outcome of Postal Ballot28 Apr 2026 · AGM/EGM / Postal Ballot
Certificate under Regulations 74(5) of SEBI (DP) Regulations, 20189 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Newspaper Publication28 Mar 2026 · Company Update / Newspaper Publication
Intimation of Postal Ballot Notice27 Mar 2026 · AGM/EGM / Postal Ballot
Intimation for trading window closure25 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Appointment of Additional Non-Executive Independent Director12 Mar 2026 · Company Update / Change in Directorate
Appointment of Additional Non-Executive Independent Director12 Mar 2026 · Company Update / Change in Management
we hereby inform that the Board of Directors of the Company at its meeting held today i.e. Thursday, March 12, 2026 has approved the following businesses; 1.Appointment of Mr. Vinit Rameshchandra ....12 Mar 2026 · Others / Outcome without intimation
Newspaper Advertisment30 Jan 2026 · Company Update / Newspaper Publication

Board meetings

31 Oct 2026 Board Meeting - Financial Results
24 Jul 2026 Board Meeting - Financial Results