Dolphin Offshore Enterprises (India) Ltd (DOLPHIN) — share price & stock analysis
From losses in FY17 and FY18 and FY22 to record profits — the comeback is real, the price knows it.
Dolphin Offshore Enterprises (India) Ltd (DOLPHIN) trades at ₹372 as of 1 July 2026, down 17% over the past year — trailing NIFTY 500 for 9 weeks. The machine reads this as turnaround, fairly priced: from losses in FY17 and FY18 and FY22 to record profits — the comeback is real, the price knows it. It trades at a P/E of 21.7× (the 54th percentile of its own range); the price is in Stage 4 — declining, 2 weeks in; the business cycle reads DEEP CYCLICAL / EXPANSION. Fundamentals-momentum score: 67/100 (mostly improving).
Data as of 1 July 2026 · every number traces to its Screener source column · not investment advice.
- Market cap
- ₹1,489 Cr
- P/E
- 21.7×
- ROE
- 21.9%
- vs own 10-yr valuation
- 54th pctile
- Book value / share
- ₹88.4
- EPS (TTM)
- ₹17.2
- 10-yr median P/E
- 18.6×
- Revenue (FY26)
- ₹116 Cr
- Profit after tax (FY26)
- ₹69 Cr
- Weinstein stage
- Stage 4 (2 weeks)
- Data as of
- 1 July 2026
Profits swing violently in this business — real losses in FY17 and FY18 and FY22. That is what “deep cyclical” means: the same company looks brilliant at the top of its cycle and broken at the bottom.net_profit
Where the clock stands now: earnings sit at 100% of their historical range, margins are near the top of their band, and the market pays mid-range (54th percentile). That reads as EXPANSION — the comfortable middle — but the records are already on the table; from here the bet is that they keep coming.net_profit
4 of the 6 things we track are currently moving the right way — most of the dashboard is turning up.
Where the levels actually stand: ROCE 15% — decent; debt moderate (0.58× equity); margins near the top of their band. Momentum says which way things are moving; these say where they are.
Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.
The price has run ahead of the profits
Since Mar 2016, the stock is up 4,331% while earnings per share grew 599%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps
That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.
Today’s P/E of 21.7× is the middle of its own range against its own 10-year history (54th percentile) — neither a bargain nor a stretch, by its own standards.pe_ratio
Data: Price, EPS and valuation (sampled — full series in the embedded dataset)
| Period | Price (₹) | EPS (TTM) (₹) | P/E (×) |
|---|---|---|---|
| Mar 16 | 8.4 | – | 3.2 |
| May 16 | 9.1 | 2.5 | 3.7 |
| Jul 16 | 9.2 | 2.3 | 4.0 |
| Aug 16 | 9.1 | 2.3 | 4.0 |
| Oct 16 | 9.8 | – | 3.0 |
| Nov 16 | 10.3 | 3.2 | 3.2 |
| Jan 17 | 12.6 | 3.8 | 3.3 |
| Mar 17 | 12.6 | – | 3.3 |
| Apr 17 | 12.7 | 2.2 | 5.7 |
| Jun 17 | 9.1 | 2.2 | 4.1 |
| Jul 17 | 9.5 | – | 4.2 |
| Sep 17 | 8.9 | – | 4.0 |
| Nov 17 | 10.6 | – | 17.6 |
| Dec 17 | 11.8 | – | 19.6 |
| Feb 18 | 9.8 | – | 16.3 |
| Mar 18 | 8.3 | – | 13.9 |
| May 18 | 8.5 | – | 14.2 |
| Jul 18 | 6.3 | – | 10.4 |
| Aug 18 | 5.9 | – | 9.9 |
| Oct 18 | 5.0 | – | – |
| Nov 18 | 5.0 | – | – |
| Jan 19 | 5.1 | – | – |
| Mar 19 | 5.0 | – | – |
| Apr 19 | 4.8 | – | – |
| Jun 19 | 3.6 | – | – |
| Aug 19 | 2.3 | – | – |
| Sep 19 | 1.8 | – | – |
| Nov 19 | 0.7 | – | – |
| Jan 20 | 0.6 | – | – |
| Mar 20 | 0.4 | – | – |
| Apr 20 | 0.4 | – | – |
| Sep 23 | 17.7 | – | – |
| Oct 23 | 50.7 | – | – |
| Dec 23 | 97.2 | – | – |
| Jan 24 | 183 | – | – |
| Mar 24 | 323 | – | – |
| May 24 | 503 | – | – |
| Jun 24 | 726 | – | – |
| Aug 24 | 715 | – | 214.0 |
| Sep 24 | 497 | 3.3 | 148.8 |
| Nov 24 | 534 | 5.5 | 97.9 |
| Jan 25 | 565 | – | 103.7 |
| Feb 25 | 214 | 9.2 | 23.2 |
| Apr 25 | 327 | 9.2 | 35.4 |
| May 25 | 431 | 11.6 | 37.1 |
| Jul 25 | 452 | 11.6 | 38.9 |
| Sep 25 | 422 | 12.6 | 33.6 |
| Oct 25 | 374 | 12.6 | 29.8 |
| Dec 25 | 381 | 13.2 | 28.8 |
| Feb 26 | 425 | 12.7 | 33.6 |
| Mar 26 | 401 | 12.7 | 31.7 |
| Apr 26 | 416 | – | 32.9 |
| Jun 26 | 393 | 17.2 | 22.9 |
| Jul 26 | 372 | 17.2 | 21.7 |
Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (18.6×).
The price is in a downtrend — fighting it is expensive
STAGE 4 · DECLINING · 2 WEEKSStock prices move through four repeating stages: basing (1), advancing (2), topping (3) and declining (4). This one is in Stage 4: declining, 2 weeks in, confirmed.stage
The price is below its falling 200-day average — history says most of the damage in stocks happens here. Cheap can get cheaper in Stage 4.dma_200
Trailing NIFTY 500 for 9 weeks — relative strength is the market’s live opinion, and right now it is against it.rs_mansfield
What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200
Data: Weekly price, moving averages and stage (sampled — full series in the embedded dataset)
| Period | Price (₹) | 200-DMA (₹) | 50-DMA (₹) | Stage |
|---|---|---|---|---|
| Feb 16 | 7.0 | 11.1 | 9.6 | 4 |
| Apr 16 | 8.7 | 10.3 | 8.8 | 4 |
| Jun 16 | 9.1 | 10.0 | 9.1 | 4 |
| Aug 16 | 8.7 | 9.7 | 9.2 | 4 |
| Oct 16 | 9.8 | 9.4 | 8.8 | 4 |
| Dec 16 | 11.7 | 9.6 | 9.8 | 1 |
| Jan 17 | 12.7 | 10.6 | 12.0 | 2 |
| Mar 17 | 11.9 | 11.1 | 12.2 | 2 |
| May 17 | 10.5 | 11.5 | 12.3 | 2 |
| Jul 17 | 9.8 | 10.9 | 10.2 | 4 |
| Sep 17 | 8.8 | 10.2 | 9.1 | 4 |
| Nov 17 | 10.6 | 10.0 | 9.5 | 4 |
| Dec 17 | 12.5 | 10.6 | 11.3 | 2 |
| Feb 18 | 9.2 | 10.8 | 11.1 | 2 |
| Apr 18 | 9.5 | 10.2 | 9.4 | 4 |
| Jun 18 | 7.1 | 9.5 | 8.1 | 4 |
| Aug 18 | 6.5 | 8.5 | 6.7 | 4 |
| Oct 18 | 4.8 | 7.7 | 5.9 | 4 |
| Nov 18 | 5.0 | 6.8 | 5.3 | 4 |
| Jan 19 | 4.9 | 6.3 | 5.1 | 4 |
| Mar 19 | 4.9 | 5.7 | 4.7 | 4 |
| May 19 | 4.1 | 5.4 | 4.6 | 4 |
| Jul 19 | 3.0 | 4.8 | 3.7 | 4 |
| Sep 19 | 1.4 | 3.9 | 2.3 | 4 |
| Nov 19 | 0.7 | 3.1 | 1.3 | 4 |
| Jan 20 | 0.6 | 2.9 | 1.1 | 4 |
| Mar 20 | 0.4 | 2.7 | 0.9 | 4 |
| May 20 | 0.4 | 2.5 | 0.8 | 4 |
| Sep 23 | 34.9 | 6.8 | 15.5 | 2 |
| Nov 23 | 73.7 | 21.6 | 48.1 | 2 |
| Jan 24 | 156 | 50.7 | 105 | 2 |
| Mar 24 | 330 | 111 | 223 | 2 |
| May 24 | 503 | 181 | 329 | 2 |
| Jun 24 | 703 | 363 | 657 | 2 |
| Aug 24 | 697 | 459 | 669 | 2 |
| Oct 24 | 547 | 501 | 593 | 2 |
| Dec 24 | 564 | 514 | 553 | 2 |
| Feb 25 | 324 | 502 | 470 | 4 |
| Apr 25 | 313 | 429 | 314 | 4 |
| May 25 | 431 | 414 | 369 | 4 |
| Jul 25 | 442 | 417 | 419 | 4 |
| Sep 25 | 403 | 417 | 416 | 2 |
| Nov 25 | 385 | 408 | 395 | 4 |
| Jan 26 | 447 | 407 | 413 | 4 |
| Mar 26 | 444 | 412 | 419 | 2 |
| May 26 | 413 | 411 | 412 | 1 |
| Jun 26 | 388 | 408 | 403 | 1 |
| Jul 26 | 372 | 406 | 396 | 4 |
From losing money in FY17 and FY18 and FY22 to record profits
Over 12 years, sales went from ₹304 Cr to ₹116 Cr (about −8% a year), and profit from ₹16.0 Cr to ₹69.0 Cr.revenuenet_profit
The books show real losses in FY17 and FY18 and FY22 (worst: ₹−14.0 Cr). Everything about today’s cheap-looking numbers must be read against that history — the recovery is what you are buying.net_profit
Data: Revenue by year
| Period | Revenue (₹ Cr) |
|---|---|
| FY11 | 304 |
| FY12 | 200 |
| FY13 | 416 |
| FY14 | 358 |
| FY15 | 196 |
| FY16 | 158 |
| FY17 | 208 |
| FY18 | 168 |
| FY22 | 0 |
| FY23 | 0 |
| FY24 | 6 |
| FY25 | 74 |
| FY26 | 116 |
Data: Profit by year
| Period | Profit after tax (₹ Cr) |
|---|---|
| FY11 | 16 |
| FY12 | 4 |
| FY13 | 47 |
| FY14 | 61 |
| FY15 | 36 |
| FY16 | 41 |
| FY17 | -11 |
| FY18 | -9 |
| FY22 | -14 |
| FY23 | 36 |
| FY24 | 6 |
| FY25 | 46 |
| FY26 | 69 |
Data: OPM % by year
| Period | OPM % (%) |
|---|---|
| FY11 | 11.2 |
| FY12 | -0.5 |
| FY13 | 19.7 |
| FY14 | 35.8 |
| FY15 | 47.4 |
| FY16 | 42.4 |
| FY17 | 21.2 |
| FY18 | 23.8 |
| FY22 | -6.0 |
| FY23 | – |
| FY24 | 33.3 |
| FY25 | 62.2 |
| FY26 | 62.1 |
Sales exploded 125% last quarter — growth every single quarter for over 2 years
Mar 26 sales were ₹45.0 Cr, up 125% on the same quarter last year.revenue
That makes 8 quarters of growth in a row — this is a trend, not a blip.revenue
Data: Quarterly sales
| Period | Revenue (₹ Cr) | YoY growth (%) |
|---|---|---|
| Jun 23 | 1.0 | – |
| Sep 23 | 2.0 | – |
| Dec 23 | 2.0 | – |
| Mar 24 | 2.0 | – |
| Jun 24 | 8.0 | 700.0 |
| Sep 24 | 17.0 | 750.0 |
| Dec 24 | 28.0 | 1,300.0 |
| Mar 25 | 20.0 | 900.0 |
| Jun 25 | 16.0 | 100.0 |
| Sep 25 | 25.0 | 47.1 |
| Dec 25 | 30.0 | 7.1 |
| Mar 26 | 45.0 | 125.0 |
Margins are compressing — 55% → 27% in a year
Of every ₹100 of sales, the company keeps ₹27.1 as operating profit (a year ago it kept ₹55.5).opm_pct
Zoom out and this is the page's quiet hero: annual operating margin bottomed at −6.0% in FY22 and has been rebuilt to 62.1% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit
The gross margin barely moved (60% → 64%), so the change came from running costs — overheads are growing faster than sales.gpm_pctopm_pct
Data: Three margins, quarterly
| Period | Gross (%) | Operating (%) | Net (%) |
|---|---|---|---|
| Jun 23 | 50.7 | -23.2 | -129 |
| Sep 23 | 81.0 | 42.0 | 172 |
| Dec 23 | 73.0 | 40.5 | 25.3 |
| Mar 24 | 88.2 | -253 | 45.6 |
| Jun 24 | 80.0 | 73.9 | 90.5 |
| Sep 24 | 80.0 | 75.8 | 77.2 |
| Dec 24 | 56.4 | 55.1 | 54.6 |
| Mar 25 | 59.8 | 55.5 | 51.1 |
| Jun 25 | 99.9 | 95.0 | 68.9 |
| Sep 25 | 96.4 | 89.4 | 63.4 |
| Dec 25 | 81.5 | 74.9 | 44.2 |
| Mar 26 | 63.5 | 27.1 | 62.5 |
Profit exploded 180% — mostly from selling more
Mar 26 profit after tax was ₹28.0 Cr, up 180% year on year.net_profit
A caution: a meaningful slice of this jump came from income outside the core business — that is lower-quality profit and may not repeat.other_income
Data: Quarterly profit after tax
| Period | PAT (₹ Cr) | YoY growth (%) |
|---|---|---|
| Jun 23 | 0.0 | – |
| Sep 23 | 4.0 | – |
| Dec 23 | 0.0 | – |
| Mar 24 | 1.0 | – |
| Jun 24 | 8.0 | – |
| Sep 24 | 13.0 | 225.0 |
| Dec 24 | 16.0 | – |
| Mar 25 | 10.0 | 900.0 |
| Jun 25 | 11.0 | 37.5 |
| Sep 25 | 16.0 | 23.1 |
| Dec 25 | 13.0 | -18.8 |
| Mar 26 | 28.0 | 180.0 |
The single biggest driver was the tax line.
Data: Where the profit change came from (Mar 25 → Mar 26)
| Component | Effect (₹ Cr) |
|---|---|
| PAT Mar 25 | 10 |
| More sales | +14 |
| Thinner margins | −13 |
| Other income | +12 |
| Depreciation | −5 |
| Interest | −4 |
| Tax | +14 |
| PAT Mar 26 | 28 |
Profits on paper, cash lagging behind
Over the last 4 profitable years, the business reported ₹157 Cr of profit and collected ₹55.0 Cr of operating cash — about 35% conversion (1 loss year excluded — a negative denominator would flatter the ratio).operating_cash_flownet_profit
The wrinkle is the latest year: FY26 collected ₹45.0 Cr against ₹69.0 Cr of reported profit — about 65%. One year isn’t a trend, but it is the line to watch.operating_cash_flownet_profit
Data: Cash collected vs profit reported (annual)
| Period | Operating cash flow (₹ Cr) | Profit after tax (₹ Cr) |
|---|---|---|
| FY11 | -13.0 | 16.0 |
| FY12 | 38.0 | 4.0 |
| FY13 | 58.0 | 47.0 |
| FY14 | 62.0 | 61.0 |
| FY15 | 89.0 | 36.0 |
| FY16 | 20.0 | 41.0 |
| FY17 | -8.0 | -11.0 |
| FY18 | 22.0 | -9.0 |
| FY22 | -1.0 | -14.0 |
| FY23 | -4.0 | 36.0 |
| FY24 | 4.0 | 6.0 |
| FY25 | 10.0 | 46.0 |
| FY26 | 45.0 | 69.0 |
The cash cycle is tightening — money comes home faster
One rupee now takes about 729 days to go out the door as materials and come back as collected cash — down from 974 days the year before.cash_conversion_cycle
The biggest mover: customers paying faster (974 → 729 days).debtor_days
Data: Days of cash locked up (annual)
| Period | Customers owe (debtor days) (days) | Stock on shelf (inventory days) (days) |
|---|---|---|
| FY11 | 266 | – |
| FY12 | 334 | – |
| FY13 | 191 | – |
| FY14 | 195 | – |
| FY15 | 326 | – |
| FY16 | 553 | – |
| FY17 | 407 | – |
| FY18 | 636 | – |
| FY22 | 646 | – |
| FY24 | 7,972 | – |
| FY25 | 974 | – |
| FY26 | 729 | 0.0 |
The asset base keeps compounding — this company builds
The productive asset base has gone from ₹113 Cr (FY11) to ₹309 Cr.fixed_assetscwip
The build is bigger than the cash engine: investing outflows (₹266 Cr) exceeded operating cash (₹59.0 Cr) over the last 3 years — the difference comes from debt or shareholders.investing_cash_flowoperating_cash_flow
Data: Assets in place vs under construction (annual)
| Period | Fixed assets (₹ Cr) | Under construction (CWIP) (₹ Cr) |
|---|---|---|
| FY11 | 113 | 101 |
| FY12 | 218 | 2.0 |
| FY13 | 207 | 1.0 |
| FY14 | 216 | 1.0 |
| FY15 | 201 | 13.0 |
| FY16 | 189 | 19.0 |
| FY17 | 324 | 0.0 |
| FY18 | 289 | 0.0 |
| FY22 | 66.0 | 0.0 |
| FY23 | 58.0 | 0.0 |
| FY24 | 3.0 | 47.0 |
| FY25 | 1.0 | 222 |
| FY26 | 309 | 0.0 |
Debt is present but comfortable
For every ₹100 shareholders have put in (and left in), the company has borrowed ₹58.borrowings
Data: Total borrowings (annual)
| Period | Borrowings (₹ Cr) |
|---|---|
| FY11 | 186 |
| FY12 | 183 |
| FY13 | 166 |
| FY14 | 139 |
| FY15 | 66.0 |
| FY16 | 61.0 |
| FY17 | 58.0 |
| FY18 | 64.0 |
| FY22 | 131 |
| FY23 | 18.0 |
| FY24 | 1.0 |
| FY25 | 165 |
| FY26 | 203 |
Data: Debt vs shareholders’ money (annual)
| Period | Debt ÷ equity (x) |
|---|---|
| FY11 | 0.8 |
| FY12 | 0.8 |
| FY13 | 0.6 |
| FY14 | 0.4 |
| FY15 | 0.2 |
| FY16 | 0.1 |
| FY17 | 0.1 |
| FY18 | 0.1 |
| FY22 | 3.1 |
| FY23 | 0.1 |
| FY24 | 0.0 |
| FY25 | 0.6 |
| FY26 | 0.6 |
Every ₹100 kept in the business earns ₹15 — decent, not special
Return on capital employed is 15.0% (a year ago: 15.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct
Data: Returns on capital (annual)
| Period | ROCE (%) |
|---|---|
| FY11 | 9.0 |
| FY12 | 5.0 |
| FY13 | 18.0 |
| FY14 | 26.0 |
| FY15 | 17.0 |
| FY16 | 12.0 |
| FY17 | 4.0 |
| FY18 | 1.0 |
| FY22 | -3.0 |
| FY23 | -4.0 |
| FY24 | 1.0 |
| FY25 | 15.0 |
| FY26 | 15.0 |
Institutions bought the story, then started backing away
Promoters hold 75.0%, essentially unchanged. Foreign funds own 4.6%, domestic funds 0.3%.promoters_pctfiis_pctdiis_pct
Data: Who holds the shares, quarterly
| Period | Promoters (%) | Foreign funds (%) | Domestic funds (%) |
|---|---|---|---|
| Jun 23 | 95.0 | 0.0 | 2.0 |
| Sep 23 | 95.0 | 0.0 | 2.0 |
| Dec 23 | 75.0 | 12.8 | 1.6 |
| Mar 24 | 75.0 | 12.8 | 1.6 |
| Jun 24 | 75.0 | 12.8 | 1.6 |
| Sep 24 | 75.0 | 12.8 | 1.6 |
| Dec 24 | 75.0 | 12.8 | 1.6 |
| Mar 25 | 75.0 | 4.6 | 1.5 |
| Jun 25 | 75.0 | 4.6 | 0.3 |
| Sep 25 | 75.0 | 4.6 | 0.3 |
| Dec 25 | 75.0 | 4.6 | 0.3 |
| Mar 26 | 75.0 | 4.6 | 0.3 |
- Promoters are not selling. Their stake has moved 0.1 points or less in 8 quarters — it sits at 75.0%.promoters_pct
Worth studying deeper — with eyes open
The numbers lean positive, and the price already assumes the good news continues.
Best thing in the data: cash generation rising (₹10.0 Cr → ₹45.0 Cr).operating_cash_flow
Biggest worry: domestic-fund holding falling (1.5% → 0.3%).diis_pct
One dissent worth hearing: our technicals lens reads negative — “extended death detected. bearish MA stacking (Price < DMA50 < DMA200). oversold (z-score: -1.94)”. When a lens disagrees with the committee, it is usually pointing at the thing that breaks first.
Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.
Straight answers from the data
What does Dolphin Offshore Enterprises (India) Ltd do?
Incorporated in 1979, Dolphin Offshore Enterprises Ltd providing services to the offshore oil and gas industry[1]. It is listed in the Oil Drilling & Exploration sector with a market capitalisation of ₹1,489 Cr.
What is Dolphin Offshore Enterprises (India) Ltd's share price?
As of 1 July 2026, Dolphin Offshore Enterprises (India) Ltd trades at ₹372, down 17% over the past year, with a market capitalisation of ₹1,489 Cr. Trailing NIFTY 500 for 9 weeks. Prices are weekly closes from Screener data; this page refreshes with each weekly update.
What is Dolphin Offshore Enterprises (India) Ltd's share price target?
Sector Alpha does not publish broker-style price targets. Our discounted-cash-flow model estimates Dolphin Offshore Enterprises (India) Ltd's intrinsic value at ₹304 per share under base assumptions (bear ₹143, bull ₹304), against the current price of ₹372 — a 23% premium to model value. The current price already implies roughly 15% annual earnings growth. These are model estimates, not forecasts — treat them as one input alongside the valuation history below, not as a target.
Is Dolphin Offshore Enterprises (India) Ltd stock overvalued or undervalued?
Dolphin Offshore Enterprises (India) Ltd trades at a P/E of 21.7× — the 54th percentile of its own 10.3-year trading range (median 18.6×), which is around the middle of its own historical range. The price has run ahead of the profits. Since Mar 2016, the stock is up 4,331% while earnings per share grew 599%. The difference is re-rating — investors paying more for the same rupee of profit.
What did Dolphin Offshore Enterprises (India) Ltd report in its latest quarterly results?
In its most recent reported quarter (Q4 FY26, quarter ended March 2026): Mar 26 sales were ₹45.0 Cr, up 125% on the same quarter last year. Mar 26 profit after tax was ₹28.0 Cr, up 180% year on year. Figures are from Screener-scraped quarterly filings; the page updates when the next quarter is filed.
Is Dolphin Offshore Enterprises (India) Ltd growing?
Sales exploded 125% last quarter — growth every single quarter for over 2 years. Mar 26 sales were ₹45.0 Cr, up 125% on the same quarter last year.
Are Dolphin Offshore Enterprises (India) Ltd's profits growing?
Profit exploded 180% — mostly from selling more. Mar 26 profit after tax was ₹28.0 Cr, up 180% year on year.
What are Dolphin Offshore Enterprises (India) Ltd's operating margins?
Margins are compressing — 55% → 27% in a year. In the most recent quarter, of every ₹100 of sales, the company keeps ₹27.1 as operating profit (a year ago it kept ₹55.5).
What is Dolphin Offshore Enterprises (India) Ltd's long-term growth record?
Revenue grew from ₹304 Cr in FY11 to ₹116 Cr in FY26 — a -7.7% compound annual growth rate over 12 years. Profit after tax compounded at 13.0% over the same period (₹16 Cr → ₹69 Cr).
Is Dolphin Offshore Enterprises (India) Ltd stock in an uptrend?
The price is in a downtrend — fighting it is expensive. Dolphin Offshore Enterprises (India) Ltd is in Stage 4 — declining, 2 weeks in (confirmed). Stages follow Stan Weinstein's four-phase read of weekly price against the 200-day average: basing (1), advancing (2), topping (3), declining (4).
Why is Dolphin Offshore Enterprises (India) Ltd stock falling?
The price is down 17% over the past year and the chart is in Weinstein Stage 4 (declining) — trading below its 200-day average, with the P/E at the 54th percentile of its own range. Since Mar 2016, the stock is up 4,331% while earnings per share grew 599%. The difference is re-rating — investors paying more for the same rupee of profit.
Is Dolphin Offshore Enterprises (India) Ltd beating the NIFTY 500?
No — trailing NIFTY 500 for 9 weeks, as of 1 July 2026. Relative strength is measured weekly against the NIFTY 500 (Mansfield RS): a positive reading means the stock has outperformed the index over the trailing window, week after week.
Where is Dolphin Offshore Enterprises (India) Ltd in its business cycle?
The data reads Dolphin Offshore Enterprises (India) Ltd as a deep cyclical business currently in its expansion phase — earnings at an all-time high for this company, valuation at the 54th percentile. Profits swing violently in this business — real losses in FY17 and FY18 and FY22. That is what “deep cyclical” means: the same company looks brilliant at the top of its cycle and broken at the bottom.
Who owns Dolphin Offshore Enterprises (India) Ltd — what is the promoter holding?
Promoters hold 75.0%, essentially unchanged. Foreign funds own 4.6%, domestic funds 0.3%. Shareholding is from Screener's quarterly filings data.
Does Dolphin Offshore Enterprises (India) Ltd have too much debt?
Debt is present but comfortable. For every ₹100 shareholders have put in (and left in), the company has borrowed ₹58.
What is the bull case for Dolphin Offshore Enterprises (India) Ltd?
From losses in FY17 and FY18 and FY22 to record profits — the comeback is real, the price knows it. Best thing in the data: cash generation rising (₹10.0 Cr → ₹45.0 Cr). Sales exploded 125% last quarter — growth every single quarter for over 2 years.
What is the bear case for Dolphin Offshore Enterprises (India) Ltd — what could break the story?
Biggest worry: domestic-fund holding falling (1.5% → 0.3%). Two quarters of profit reversing would kill this story. The nearest-term thing to watch: if quarterly growth slips below 63%, the story weakens. This falsification condition is stated up front so the thesis can be checked against incoming quarters, not defended after the fact.
Is Dolphin Offshore Enterprises (India) Ltd a stock worth studying right now?
Sector Alpha does not publish buy or sell recommendations — this is a research read, not advice. What the data says: worth studying deeper — with eyes open. The numbers lean positive, and the price already assumes the good news continues. Across the 7-model scorecard the composite research signal is study deeper at 55% confidence. This is machine-written research compiled from Screener data — every number traces to its source — and it is not investment advice. Do your own diligence.