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Dolphin Offshore Enterprises India Ltd.
(DOLPHIN)
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Rating:64Neutral
Price Target:
₹734.00
▲(19.37% Upside)
Action:Reiterated
Date:08/19/26
The score is mainly shaped by strong recent earnings and improving balance-sheet health, tempered by weak cash generation (negative free cash flow). Technicals remain supportive due to a strong uptrend, but very overextended momentum increases near-term pullback risk. Valuation is a modest drag due to the high P/E and no dividend support.
Positive Factors
Accelerating Growth
Accelerating revenue growth alongside strong profitability indicates improving operating momentum and greater contribution from the company’s core activities. If sustained over the next several quarters, this combination can support stronger earnings generation and provide resources for continued business development.
Negative Factors
Weak Cash Conversion
Negative free cash flow means reported earnings are not translating fully into discretionary cash, reducing financial flexibility. Even though the outflow improved year over year, continued investment or working-capital demands could require funding and constrain the company’s ability to self-finance growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Growth
Accelerating revenue growth alongside strong profitability indicates improving operating momentum and greater contribution from the company’s core activities. If sustained over the next several quarters, this combination can support stronger earnings generation and provide resources for continued business development.
Read all positive factors
Dolphin Offshore Enterprises India Ltd. (DOLPHIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹26.57B
Dividend Yield1.83%
Average Volume (3M)8.85K
Price to Earnings (P/E)37.0
Beta (1Y)0.59
Revenue Growth73.92%
EPS Growth43.29%
CountryIN
Employees878
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)18.00
Shares Outstanding40,004,580
10 Day Avg. Volume6,531
30 Day Avg. Volume8,851
Financial Highlights & Ratios
PEG Ratio0.49
Price to Book (P/B)4.48
Price to Sales (P/S)13.60
P/FCF Ratio-48.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dolphin Offshore Enterprises India Ltd. Business Overview & Revenue Model
Company Description
Dolphin Offshore Enterprises (India) Limited, established in Mumbai in 1979, provides a comprehensive suite of offshore and marine services for India's oil and gas sector. Its offerings include specialized underwater operations such as air, mixed ...
Dolphin Offshore Enterprises India Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.43B | 1.16B | 740.19M | 64.67M | 0.00 | 0.00 |
| Gross Profit | 907.22M | 770.33M | 483.58M | 36.46M | -75.08M | -135.22M |
| EBITDA | 829.55M | 897.96M | 458.82M | 25.66M | -6.52M | -7.60M |
| Net Income | 720.20M | 685.38M | 464.80M | 55.73M | 361.08M | -142.82M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 6.08B | 4.61B | 2.27B | 2.01B | 3.38B |
| Cash, Cash Equivalents and Short-Term Investments | 437.56M | 437.56M | 358.03M | 148.45M | 6.45M | 1.95M |
| Total Debt | 0.00 | 2.03B | 1.65B | 11.63M | 180.25M | 1.31B |
| Total Liabilities | -3.53B | 2.54B | 1.89B | 61.33M | 236.25M | 2.96B |
| Stockholders Equity | 3.53B | 3.53B | 2.72B | 2.21B | 1.77B | 420.15M |
Cash Flow | ||||||
| Free Cash Flow | -327.10M | -323.91M | -1.60B | 35.30M | -44.23M | -8.56M |
| Operating Cash Flow | 336.51M | 411.19M | 104.70M | 35.30M | -44.23M | -8.56M |
| Investing Cash Flow | -656.64M | -749.09M | -1.67B | -235.68M | 700.00K | 0.00 |
| Financing Cash Flow | 258.43M | 353.34M | 1.64B | 195.56M | 48.03M | 7.97M |
Dolphin Offshore Enterprises India Ltd. Technical Analysis
Positive
614.90
Price Trends
515.07
Positive
456.54
Positive
434.80
Positive
Market Momentum
40.92
Positive
61.24
Neutral
36.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DOLPHIN, the sentiment is Positive. The current price of 614.9 is below the 20-day moving average (MA) of 641.14, above the 50-day MA of 515.07, and above the 200-day MA of 434.80, indicating a bullish trend. The MACD of 40.92 indicates Positive momentum. The RSI at 61.24 is Neutral, neither overbought nor oversold. The STOCH value of 36.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:DOLPHIN.
Dolphin Offshore Enterprises India Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ₹17.23B | 8.99 | ― | 0.17% | 11.72% | -19.52% | |
71 Outperform | ₹4.57B | 22.25 | ― | 0.80% | 26.40% | 48.98% | |
66 Neutral | ₹23.93B | 38.97 | ― | 0.25% | 82.01% | 22.46% | |
64 Neutral | ₹26.57B | 36.97 | ― | 1.83% | 73.92% | 43.29% | |
59 Neutral | ₹1.90B | -417.29 | ― | 1.67% | 8.64% | 95.08% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
41 Neutral | ₹2.03B | -5.31 | ― | ― | -1.58% | -779.21% |
* General Sector Average
IN:DOLPHIN
Dolphin Offshore Enterprises India Ltd.
664.05
265.40
66.57%
IN:ALPHAGEO
Alphageo (India) Ltd.
298.75
46.62
18.49%
IN:ASIANENE
Asian Energy Services Limited
492.00
139.19
39.45%
IN:GLOBALVECT
Global Vectra Helicorp Limited
145.00
-68.75
-32.16%
IN:JINDRILL
Jindal Drilling & Industries Ltd.
594.55
-10.33
-1.71%
IN:UNIDT
United Drilling Tools Limited
225.30
21.52
10.56%
Dolphin Offshore Enterprises India Ltd. Corporate Events
Dolphin Offshore Announces 47th AGM, E-Voting and Book Closure Details
Aug 1, 2026
Dolphin Offshore Enterprises (India) Ltd. has published newspaper advertisements in English and Marathi announcing its 47th Annual General Meeting, scheduled for Tuesday, 25 August 2026. The notices also outline details of e-voting arrangements an...
Dolphin Offshore Publishes Unaudited Q1 FY2026 Results in Newspapers
Jul 26, 2026
Dolphin Offshore Enterprises India Ltd. has notified the stock exchanges that it has published its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 in English and Marathi newspapers. The results were appr...
Dolphin Offshore Schedules 47th AGM via Video Conferencing
Jul 26, 2026
Dolphin Offshore Enterprises India Ltd. has announced that its 47th Annual General Meeting will be held on August 25, 2026 at 11:00 a.m., using video conferencing and other audio-visual means in line with regulatory guidance. The company has publi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.