Dolphin Offshore Enterprises (India) Ltd

DOLPHIN
NSE· Oil Gas & Consumable Fuels
375.05
-4.10 (-1.08%)
52W Low · ₹322.0052W High · ₹501.95
Near 52W Low
Market Cap
₹1524.17L Cr
Volume
2.8K
Prev Close
₹376.95
ISIN
INE920A01037

Orion Score

Fundamentals-based quality & risk · not a recommendation

50/100
Watch

Raw blend 56 capped to 50 by a red flag.

Why this is capped

Raw blend 56 → capped to 50

  • Weak cash conversion (CFO 0.5x PAT) with modest returns
  • Short track record (3 yrs of data)
Quality
49
Growth
100
Safety
26
Value
59

Dolphin Offshore Enterprises (India) Ltd scores 50/100 (Watch) on the Orion Score — weak business quality (49), strong growth (100), poor balance-sheet safety (26) and fair valuation (59). A fundamentals-based quality & risk score, not a buy/sell recommendation.

Full Orion analysis

Risk checks

  • Weak cash conversion (CFO 0.5x PAT) with modest returns
  • Short track record (3 yrs of data)

Forensic accounting

Piotroski F 6/9Altman Z Safe(6.79)Beneish M Elevated(-2.13)

Piotroski F = fundamental health (0–9, higher is better) · Altman Z = bankruptcy / distress risk · Beneish M = earnings-manipulation check

Technical / Momentum

Price Trend

49/100

Neutral

Technical momentum companion — separate from the fundamentals-based Orion Score.

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VestAI Stock Score

VALUATION
Moderate
D/E 0.57x — manageable leverage
QUALITY
Average
ROCE 10.2% — decent returns
MOMENTUM
Neutral
RSI 47.0 — consolidating

Price Chart

SMA 20
SMA 50
SMA 200

Key Fundamentals

Q4 FY2026

P/E Ratio
22.22
ROCE
10.19%
ROE (1Y)
21.90%
D/E Ratio
0.57x
OPM
16.19%
TTM EPS
₹17.15
Dividend Yield
0.00%
Qtrly Sales
₹45.36 Cr
Qtrly Profit
₹28.33 Cr

Technical Signals

Quarterly Results

Revenue & Profit in ₹ Crores

Revenue Net Profit
QuarterRevenueNet ProfitOPMEPS
Q4 2026₹45.36₹28.3316.2%₹7.08
Q3 2026₹30₹13.2759.6%₹3.32
Q2 2026₹24.62₹15.6174.1%₹3.90
Q1 2026₹16.44₹11.3380.8%₹2.83
Q4 2025₹20.44₹10.4555.4%₹2.61

Annual P&L

Revenue & Profit in ₹ Crores (Yearly)

Revenue Net Profit
YearRevenueNet ProfitEBITDAOPM
FY 2025₹74.02₹46.48₹48.9861.7%
FY 2024₹6.47₹5.57₹2.5714.2%
FY 2023₹0₹36.11₹44.04
FY 2022₹0₹-14.28₹-0.76

Peer Comparison — Oil Gas & Consumable Fuels

Top companies in the same sector by market cap

CompanyMkt CapP/EROCEROED/EOPM
DOLPHIN₹1,524 Cr22.2210.19%21.90%0.57x16.19%
RELIANCE₹17,47,042 Cr21.657.42%9.14%0.37x9.98%
COALINDIA₹2,63,395 Cr8.4614.27%28.12%0.12x20.92%
BPCL₹1,32,514 Cr7.7323.29%28.47%0.54x-4.05%
GAIL₹1,10,067 Cr14.526.55%8.69%0.28x2.75%
ATGL₹71,801 Cr114.9413.05%14.46%0.59x11.60%

Balance Sheet

All values in ₹ Crores

MetricFY 2025FY 2024FY 2023FY 2022
Total Assets₹461.19₹227.46₹200.95₹338.41
Equity₹272.4₹221.33₹177.33₹42.01
Total Debt₹164.75₹1.16₹18.03₹131.46
Cash₹8.36₹0.16₹0.64₹0.2
Net Debt₹156.39₹1₹17.38₹131.26
Working Capital₹209.97₹167.67₹119.61₹-78.06

Shareholding Pattern

Q1 FY2027

Promoter
90.18%
FII
0%
DII
0%
Public
9.82%

Quarter-over-Quarter Trend

QuarterPromoterFIIDIIPublic
Q1 FY202790.18% ↓0%0%9.82% ↑
Q4 FY202691.22% ↑0% ↓0% ↓8.78% ↓
Q3 FY202674.99%4.57%0.31%20.13%
Q2 FY202674.99%4.57%0.31%20.12%
Q1 FY202674.99%4.57%0.31% ↓20.13% ↑
Q4 FY202574.99%4.57% ↓1.47% ↓18.96% ↑
Q3 FY202574.99%12.82%1.6%10.59%
Q2 FY202574.99%12.82%1.6%10.6%

Corporate Actions

No recent corporate actions

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About Dolphin Offshore Enterprises (India) Ltd (DOLPHIN) Stock

Dolphin Offshore Enterprises (India) Ltd is listed on the NSE under the Oil Gas & Consumable Fuels sector, Offshore Support Solution Drilling industry. ISIN: INE920A01037. Track live share price, technical analysis, RSI, MACD, PE ratio, and smart money holdings on VestAI — India's AI-powered stock analysis platform.