Dorian LPG Ltd. share price today
Dorian LPG Ltd. · LPG · Energy · Oil & Gas Midstream · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists
Dorian LPG Ltd. share price: $49.43 at the close on 4 November 2026, +77.9% in a year.
Dorian LPG Ltd.'s earnings have grown faster than its share price. Earnings per share grew +112.1% in a year while the price moved +77.9%.
The main question: yearly earnings per share moved +112.1% while the share price moved +77.9%.
The price has been between phases, and the P/E is lower than 89% of its own last 1 year. Over the last four quarters, results have been improving, with profit +1,271.6% on a year earlier, and 130% of the last 3 years' profit came in as cash. What will decide it: whether the price catches up with earnings that have already grown.
What is the Dorian LPG Ltd. share price today?
Dorian LPG Ltd.'s share price was $49.43 at the close on 4 November 2026. That is 16.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between $24 and $58, and at that close it sat 74% of the way up from that low.
A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.
Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 18 weeks in a row.
Nov 2026: $49.43, 16.6% above its 200-day average.
- Price $49.43
- 50-day avg $54.25
- 200-day avg $42.38
| Week | Price | 50-day avg | 200-day avg |
|---|---|---|---|
| 11 Jul 2025 | $28.92 | – | – |
| 18 Jul 2025 | $28.51 | – | – |
| 25 Jul 2025 | $28.98 | – | – |
| 1 Aug 2025 | $27.08 | – | – |
| 8 Aug 2025 | $30.72 | – | – |
| 15 Aug 2025 | $30.06 | – | – |
| 22 Aug 2025 | $32.09 | – | – |
| 29 Aug 2025 | $31.98 | – | – |
| 5 Sep 2025 | $31.09 | – | – |
| 12 Sep 2025 | $31.69 | – | – |
| 19 Sep 2025 | $31.85 | $30.38 | – |
| 26 Sep 2025 | $31.21 | $30.71 | – |
| 3 Oct 2025 | $28.82 | $30.76 | – |
| 10 Oct 2025 | $26.17 | $30.56 | – |
| 17 Oct 2025 | $26.90 | $30.26 | – |
| 24 Oct 2025 | $27.61 | $29.96 | – |
| 31 Oct 2025 | $28.85 | $29.76 | – |
| 7 Nov 2025 | $27.79 | $29.43 | – |
| 14 Nov 2025 | $26.72 | $29.01 | – |
| 21 Nov 2025 | $24.92 | $28.37 | – |
| 28 Nov 2025 | $24.78 | $27.76 | – |
| 5 Dec 2025 | $24.96 | $27.06 | – |
| 12 Dec 2025 | $24.52 | $26.52 | – |
| 19 Dec 2025 | $24.54 | $26.22 | – |
| 26 Dec 2025 | $24.37 | $26.05 | – |
| 2 Jan 2026 | $24.75 | $25.85 | – |
| 9 Jan 2026 | $27.21 | $25.74 | – |
| 16 Jan 2026 | $28.49 | $25.72 | – |
| 23 Jan 2026 | $27.52 | $25.74 | – |
| 30 Jan 2026 | $29.53 | $25.97 | – |
| 6 Feb 2026 | $32.35 | $26.51 | – |
| 13 Feb 2026 | $33.46 | $27.28 | – |
| 20 Feb 2026 | $35.52 | $28.09 | – |
| 27 Feb 2026 | $36.99 | $29.24 | – |
| 6 Mar 2026 | $34.08 | $30.37 | – |
| 13 Mar 2026 | $29.15 | $31.16 | – |
| 20 Mar 2026 | $32.80 | $31.83 | – |
| 27 Mar 2026 | $33.35 | $32.38 | – |
| 2 Apr 2026 | $34.62 | $32.79 | – |
| 10 Apr 2026 | $34.61 | $33.46 | – |
| 17 Apr 2026 | $36.26 | $34.02 | – |
| 24 Apr 2026 | $37.62 | $34.51 | $29.88 |
| 1 May 2026 | $39.18 | $34.96 | $30.14 |
| 8 May 2026 | $40.29 | $35.37 | $30.41 |
| 15 May 2026 | $40.87 | $35.75 | $30.69 |
| 22 May 2026 | $46.46 | $36.94 | $31.08 |
| 29 May 2026 | $40.22 | $37.85 | $31.32 |
| 5 Jun 2026 | $41.58 | $38.59 | $31.59 |
| 12 Jun 2026 | $45.19 | $39.61 | $31.90 |
| 18 Jun 2026 | $39.56 | $40.13 | $32.09 |
| 26 Jun 2026 | $36.06 | $40.49 | $32.28 |
| 2 Jul 2026 | $36.01 | $40.44 | $32.34 |
| 10 Jul 2026 | $40.05 | $40.63 | $32.52 |
| 17 Jul 2026 | $41.03 | $40.83 | $32.77 |
| 24 Jul 2026 | $45.32 | $41.28 | $33.16 |
| 31 Jul 2026 | $47.42 | $41.71 | $33.62 |
| 7 Aug 2026 | $45.76 | $41.59 | $34.07 |
| 14 Aug 2026 | $47.37 | $42.00 | $34.51 |
| 21 Aug 2026 | $51.13 | $42.71 | $35.02 |
| 28 Aug 2026 | $49.78 | $43.43 | $35.56 |
| 4 Sep 2026 | $55.20 | $44.72 | $36.21 |
| 11 Sep 2026 | $55.18 | $46.23 | $36.79 |
| 18 Sep 2026 | $58.15 | $48.12 | $37.61 |
| 25 Sep 2026 | $53.43 | $49.43 | $38.34 |
| 2 Oct 2026 | $57.21 | $50.62 | $39.12 |
| 9 Oct 2026 | $57.64 | $51.83 | $39.93 |
| 16 Oct 2026 | $53.60 | $52.92 | $40.72 |
| 23 Oct 2026 | $54.06 | $53.69 | $41.39 |
| 30 Oct 2026 | $54.43 | $54.27 | $42.05 |
| 4 Nov 2026 | $49.43 | $54.25 | $42.38 |
Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?
Ahead in 39 of 57 weeks
| Week | 13-week return vs S&P 500 |
|---|---|
| 11 Jul 2025 | no S&P 500 reading |
| 18 Jul 2025 | no S&P 500 reading |
| 25 Jul 2025 | no S&P 500 reading |
| 1 Aug 2025 | no S&P 500 reading |
| 8 Aug 2025 | no S&P 500 reading |
| 15 Aug 2025 | no S&P 500 reading |
| 22 Aug 2025 | no S&P 500 reading |
| 29 Aug 2025 | no S&P 500 reading |
| 5 Sep 2025 | no S&P 500 reading |
| 12 Sep 2025 | no S&P 500 reading |
| 19 Sep 2025 | no S&P 500 reading |
| 26 Sep 2025 | no S&P 500 reading |
| 3 Oct 2025 | no S&P 500 reading |
| 10 Oct 2025 | −14.2% |
| 17 Oct 2025 | −11.5% |
| 24 Oct 2025 | −11.0% |
| 31 Oct 2025 | −3.2% |
| 7 Nov 2025 | −14.8% |
| 14 Nov 2025 | −15.5% |
| 21 Nov 2025 | −24.5% |
| 28 Nov 2025 | −28.5% |
| 5 Dec 2025 | −25.7% |
| 12 Dec 2025 | −26.3% |
| 19 Dec 2025 | −25.5% |
| 26 Dec 2025 | −26.2% |
| 2 Jan 2026 | −16.2% |
| 9 Jan 2026 | −2.3% |
| 16 Jan 2026 | +1.8% |
| 23 Jan 2026 | −2.1% |
| 30 Jan 2026 | +0.9% |
| 6 Feb 2026 | +13.5% |
| 13 Feb 2026 | +23.8% |
| 20 Feb 2026 | +37.9% |
| 27 Feb 2026 | +48.9% |
| 6 Mar 2026 | +38.5% |
| 13 Mar 2026 | +21.7% |
| 20 Mar 2026 | +38.4% |
| 27 Mar 2026 | +45.0% |
| 2 Apr 2026 | +43.9% |
| 10 Apr 2026 | +29.3% |
| 17 Apr 2026 | +24.6% |
| 24 Apr 2026 | +33.1% |
| 1 May 2026 | +28.5% |
| 8 May 2026 | +17.7% |
| 15 May 2026 | +13.7% |
| 22 May 2026 | +22.6% |
| 29 May 2026 | −1.5% |
| 5 Jun 2026 | +12.3% |
| 12 Jun 2026 | +43.0% |
| 18 Jun 2026 | +5.5% |
| 26 Jun 2026 | −6.8% |
| 2 Jul 2026 | −9.5% |
| 10 Jul 2026 | +4.6% |
| 17 Jul 2026 | +8.5% |
| 24 Jul 2026 | +17.0% |
| 31 Jul 2026 | +17.4% |
| 7 Aug 2026 | +8.7% |
| 14 Aug 2026 | +10.9% |
| 21 Aug 2026 | +7.4% |
| 28 Aug 2026 | +22.1% |
| 4 Sep 2026 | +28.3% |
| 11 Sep 2026 | +19.1% |
| 18 Sep 2026 | +45.0% |
| 25 Sep 2026 | +42.4% |
| 2 Oct 2026 | +55.5% |
| 9 Oct 2026 | +40.8% |
| 16 Oct 2026 | +28.0% |
| 23 Oct 2026 | +16.4% |
| 30 Oct 2026 | +13.6% |
| 4 Nov 2026 | +8.9% |
Over the last 1 year the share price moved +71% while the S&P 500 moved +23%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.
This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.
What dividend does Dorian LPG Ltd. pay?
Dorian LPG Ltd. paid $3.35 per share over the last four reported quarters. The most recent declaration was $1.00 for Jun 2026. At today's price of $49.43 that is a yield of 6.78%, based on dividends already paid, not a forecast.
A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.
Dividend per share each quarter: latest $1.00 (Jun 2026)
- Dividend per share $1.00
| Quarter | Dividend per share |
|---|---|
| Sep 2023 | $1.00 |
| Dec 2023 | $1.00 |
| Mar 2024 | $1.00 |
| Jun 2024 | $1.00 |
| Sep 2024 | $1.00 |
| Dec 2024 | $0.70 |
| Mar 2025 | $0.50 |
| Jun 2025 | $0.60 |
| Sep 2025 | $0.65 |
| Dec 2025 | $0.70 |
| Mar 2026 | $1.00 |
| Jun 2026 | $1.00 |
Which stock lists is Dorian LPG Ltd. on?
Dorian LPG Ltd. is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.
Is Dorian LPG Ltd. profitable?
Dorian LPG Ltd. earned $138 M of net profit in the Jun 2026 quarter, +1,271.6% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was $194 M. Over 4 years profit has grown 28.1% a year on average. That is 73.6% of the quarter's revenue.
Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.
The same quarter a year earlier earned $10.1 M.
For the full year, FY26 profit was $194 M (+114.8% on the year before).
FY26 profit $194 M (+114.8% on the year before), 28.1% a year over 4 years
- Net profit $194 M
| Quarter | Net profit |
|---|---|
| FY22 | $71.9 M |
| FY23 | $172 M |
| FY24 | $307 M |
| FY25 | $90.2 M |
| FY26 | $194 M |
Growth on a year earlier
- Growth on a year earlier 114.8%
| Quarter | Growth on a year earlier |
|---|---|
| FY22 | – |
| FY23 | 139.7% |
| FY24 | 78.3% |
| FY25 | −70.7% |
| FY26 | 114.8% |
Jun 2026: $138 M (+1,271.6% on a year earlier), the 4th quarter in a row of growth
- Net profit (quarterly) $138 M
| Quarter | Net profit (quarterly) |
|---|---|
| Sep 2023 | $76.5 M |
| Dec 2023 | $100.0 M |
| Mar 2024 | $79.2 M |
| Jun 2024 | $51.3 M |
| Sep 2024 | $9.4 M |
| Dec 2024 | $21.4 M |
| Mar 2025 | $8.1 M |
| Jun 2025 | $10.1 M |
| Sep 2025 | $55.4 M |
| Dec 2025 | $47.2 M |
| Mar 2026 | $81.0 M |
| Jun 2026 | $138 M |
Growth on a year earlier
- Growth on a year earlier 1,271.6%
| Quarter | Growth on a year earlier |
|---|---|
| Sep 2023 | 276.7% |
| Dec 2023 | 95% |
| Mar 2024 | 4.2% |
| Jun 2024 | −0.8% |
| Sep 2024 | −87.7% |
| Dec 2024 | −78.6% |
| Mar 2025 | −89.8% |
| Jun 2025 | −80.3% |
| Sep 2025 | 487.4% |
| Dec 2025 | 120.9% |
| Mar 2026 | 901.1% |
| Jun 2026 | 1,271.6% |
Why profit moved: revenue changed +124.0% on a year earlier and the margin moved +41.3 percentage points. Most of the change came from keeping more of each sale.
On average over the last four quarters, profit changed +695.3% and revenue +80.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit.
How much revenue does Dorian LPG Ltd. make, and is it growing?
Dorian LPG Ltd. reported $188 M of revenue in the Jun 2026 quarter, +124.0% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 4 years it has grown 15.3% a year on average. The last full year, FY26, came in at $475 M.
Revenue is everything the company billed its customers in the period.
The last four reported quarters add to $579 M.
FY26 revenue was $475 M, +35.8% on the year before.
FY26 revenue $475 M (+35.8% on the year before), 15.3% a year over 4 years
- Revenue $475 M
| Quarter | Revenue |
|---|---|
| FY22 | $269 M |
| FY23 | $387 M |
| FY24 | $559 M |
| FY25 | $350 M |
| FY26 | $475 M |
Growth on a year earlier
- Growth on a year earlier 35.8%
| Quarter | Growth on a year earlier |
|---|---|
| FY22 | – |
| FY23 | 44.1% |
| FY24 | 44.3% |
| FY25 | −37.4% |
| FY26 | 35.8% |
Jun 2026: $188 M (+124.0% on a year earlier), the 4th quarter in a row of growth
- Revenue (quarterly) $188 M
| Quarter | Revenue (quarterly) |
|---|---|
| Sep 2023 | $144 M |
| Dec 2023 | $162 M |
| Mar 2024 | $141 M |
| Jun 2024 | $113 M |
| Sep 2024 | $82.3 M |
| Dec 2024 | $80.5 M |
| Mar 2025 | $74.1 M |
| Jun 2025 | $83.8 M |
| Sep 2025 | $121 M |
| Dec 2025 | $118 M |
| Mar 2026 | $152 M |
| Jun 2026 | $188 M |
Growth on a year earlier
- Growth on a year earlier 124%
| Quarter | Growth on a year earlier |
|---|---|
| Sep 2023 | 90.4% |
| Dec 2023 | 58.3% |
| Mar 2024 | 6.7% |
| Jun 2024 | 1.8% |
| Sep 2024 | −43% |
| Dec 2024 | −50.4% |
| Mar 2025 | −47.6% |
| Jun 2025 | −25.7% |
| Sep 2025 | 46.6% |
| Dec 2025 | 47.2% |
| Mar 2026 | 105.2% |
| Jun 2026 | 124% |
Recent pace: the last four quarters grew +80.8% on average, against 15.3% a year over the longer run, so this year is growing faster than its own long-run rate.
Is growth speeding up? Revenue over the last 12 months grew +80.5%, against +1.6% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +557.3%, against +2.4% a year (accelerating).
How much of every $100 of sales does Dorian LPG Ltd. keep?
Dorian LPG Ltd.'s operating margin was 59.9% in the Jun 2026 quarter, 41.3 percentage points higher than the same quarter a year ago. Across 5 years it has been between 31.7% and 58.8%. The latest quarter is above every full year in that period.
Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.
Why the margin moved: operating margin changed +41.3 percentage points on the year while gross margin changed +17.5 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.
FY26: 44.3%, within a range of 31.7% to 58.8% over 5 years
- Operating margin 44.3%
| Quarter | Operating margin |
|---|---|
| FY22 | 31.7% |
| FY23 | 51.2% |
| FY24 | 58.8% |
| FY25 | 32.2% |
| FY26 | 44.3% |
Change on the year before (points)
- Change on the year before (points) +12.1 pts
| Quarter | Change on the year before (points) |
|---|---|
| FY22 | – |
| FY23 | +19.5 pts |
| FY24 | +7.6 pts |
| FY25 | −26.6 pts |
| FY26 | +12.1 pts |
Jun 2026: operating margin 59.9% (+41.3 points on a year earlier)
- Operating margin 59.9%
| Quarter | Operating margin |
|---|---|
| Sep 2023 | 55.8% |
| Dec 2023 | 68% |
| Mar 2024 | 58.3% |
| Jun 2024 | 49.2% |
| Sep 2024 | 23.2% |
| Dec 2024 | 29.1% |
| Mar 2025 | 19.8% |
| Jun 2025 | 18.6% |
| Sep 2025 | 49.2% |
| Dec 2025 | 43.3% |
| Mar 2026 | 55.2% |
| Jun 2026 | 59.9% |
Change on a year earlier (points)
- Change on a year earlier (points) +41.3 pts
| Quarter | Change on a year earlier (points) |
|---|---|
| Sep 2023 | +18.7 pts |
| Dec 2023 | +11.9 pts |
| Mar 2024 | −4.9 pts |
| Jun 2024 | −1.0 pts |
| Sep 2024 | −32.6 pts |
| Dec 2024 | −38.9 pts |
| Mar 2025 | −38.5 pts |
| Jun 2025 | −30.6 pts |
| Sep 2025 | +26.0 pts |
| Dec 2025 | +14.2 pts |
| Mar 2026 | +35.4 pts |
| Jun 2026 | +41.3 pts |
Is Dorian LPG Ltd.'s profit turning into cash?
Over the last 3 years, 130% of Dorian LPG Ltd.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in $210 M of operating cash against $194 M of profit. After $93.8 M of spending on assets, $116 M was left over as free cash.
The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.
Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.
FY26: operating cash $210 M against profit $194 M; 130% of 3 years' profit came in as cash
- Operating cash $210 M
- Net profit $194 M
- Free cash $116 M
| Quarter | Operating cash | Net profit | Free cash |
|---|---|---|---|
| FY22 | $119 M | $71.9 M | $95.5 M |
| FY23 | $224 M | $172 M | $155 M |
| FY24 | $388 M | $307 M | $356 M |
| FY25 | $173 M | $90.2 M | $154 M |
| FY26 | $210 M | $194 M | $116 M |
Jun 2026: operating cash $30.5 M = 22% of the quarter's profit
- Operating cash (quarterly) $30.5 M
| Quarter | Operating cash (quarterly) |
|---|---|
| Sep 2023 | $100 M |
| Dec 2023 | $70.6 M |
| Mar 2024 | $154 M |
| Jun 2024 | $41.2 M |
| Sep 2024 | $57.3 M |
| Dec 2024 | $24.3 M |
| Mar 2025 | $50.2 M |
| Jun 2025 | $0.8 M |
| Sep 2025 | $46.4 M |
| Dec 2025 | $80.8 M |
| Mar 2026 | $82.1 M |
| Jun 2026 | $30.5 M |
Operating cash as % of profit
- Operating cash as % of profit 22%
| Quarter | Operating cash as % of profit |
|---|---|
| Sep 2023 | 131% |
| Dec 2023 | 71% |
| Mar 2024 | 195% |
| Jun 2024 | 80% |
| Sep 2024 | 608% |
| Dec 2024 | 114% |
| Mar 2025 | 620% |
| Jun 2025 | 8% |
| Sep 2025 | 84% |
| Dec 2025 | 171% |
| Mar 2026 | 101% |
| Jun 2026 | 22% |
Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.
What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.
Where does Dorian LPG Ltd.'s cash go?
Dorian LPG Ltd. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $146 M on assets over the last 3 years. Averaged over those years that is 10.2% of FY26 revenue a year.
Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.
Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.
Spending on assets: $146 M over the last 3 years.
FY26: capex $93.8 M, up from the year before
- Capex $93.8 M
| Quarter | Capex |
|---|---|
| FY22 | $23.2 M |
| FY23 | $68.8 M |
| FY24 | $32.9 M |
| FY25 | $18.9 M |
| FY26 | $93.8 M |
Jun 2026: capex $0.2 M in the quarter
- Capex (quarterly) $0.2 M
| Quarter | Capex (quarterly) |
|---|---|
| Sep 2023 | $5.0 M |
| Dec 2023 | $0.6 M |
| Mar 2024 | $24.9 M |
| Jun 2024 | $1.3 M |
| Sep 2024 | $1.6 M |
| Dec 2024 | $2.8 M |
| Mar 2025 | $13.3 M |
| Jun 2025 | $3.1 M |
| Sep 2025 | $13.3 M |
| Dec 2025 | $13.4 M |
| Mar 2026 | $64.2 M |
| Jun 2026 | $0.2 M |
Free cash
- Free cash $30.3 M
| Quarter | Free cash |
|---|---|
| Sep 2023 | $95.3 M |
| Dec 2023 | $70.0 M |
| Mar 2024 | $129 M |
| Jun 2024 | $40.0 M |
| Sep 2024 | $55.8 M |
| Dec 2024 | $21.4 M |
| Mar 2025 | $36.9 M |
| Jun 2025 | −$2.2 M |
| Sep 2025 | $33.1 M |
| Dec 2025 | $67.4 M |
| Mar 2026 | $18.0 M |
| Jun 2026 | $30.3 M |
In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.
What is Dorian LPG Ltd.'s P/E ratio, and how does it compare with its own history?
Dorian LPG Ltd.'s P/E is 6.6×, near the low end of its own history: it has been lower only 11% of the time. Its usual P/E (the middle reading) is 10.1×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.
P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.
P/E 6.6× against a usual 10.1×: near the low end of its own history: it has been lower only 11% of the time
- P/E 6.55×
- Median 10.1×
| Week | P/E | Median |
|---|---|---|
| 11 Jul 2025 | 25.2× | 10.1× |
| 18 Jul 2025 | 24.8× | 10.1× |
| 25 Jul 2025 | 25.2× | 10.1× |
| 1 Aug 2025 | 23.6× | 10.1× |
| 8 Aug 2025 | 26.8× | 10.1× |
| 15 Aug 2025 | 26.2× | 10.1× |
| 22 Aug 2025 | 27.9× | 10.1× |
| 29 Aug 2025 | 27.9× | 10.1× |
| 5 Sep 2025 | 27.1× | 10.1× |
| 12 Sep 2025 | 27.6× | 10.1× |
| 19 Sep 2025 | 27.7× | 10.1× |
| 26 Sep 2025 | 27.2× | 10.1× |
| 3 Oct 2025 | 12.9× | 10.1× |
| 10 Oct 2025 | 11.8× | 10.1× |
| 17 Oct 2025 | 12.1× | 10.1× |
| 24 Oct 2025 | 12.4× | 10.1× |
| 31 Oct 2025 | 12.9× | 10.1× |
| 7 Nov 2025 | 12.5× | 10.1× |
| 14 Nov 2025 | 12.0× | 10.1× |
| 21 Nov 2025 | 11.2× | 10.1× |
| 28 Nov 2025 | 11.1× | 10.1× |
| 5 Dec 2025 | 11.2× | 10.1× |
| 12 Dec 2025 | 11.0× | 10.1× |
| 19 Dec 2025 | 11.0× | 10.1× |
| 26 Dec 2025 | 10.9× | 10.1× |
| 2 Jan 2026 | 8.73× | 10.1× |
| 9 Jan 2026 | 9.60× | 10.1× |
| 16 Jan 2026 | 10.1× | 10.1× |
| 23 Jan 2026 | 9.71× | 10.1× |
| 30 Jan 2026 | 10.4× | 10.1× |
| 6 Feb 2026 | 11.4× | 10.1× |
| 13 Feb 2026 | 11.8× | 10.1× |
| 20 Feb 2026 | 12.5× | 10.1× |
| 27 Feb 2026 | 13.1× | 10.1× |
| 6 Mar 2026 | 12.0× | 10.1× |
| 13 Mar 2026 | 10.3× | 10.1× |
| 20 Mar 2026 | 11.6× | 10.1× |
| 27 Mar 2026 | 11.8× | 10.1× |
| 2 Apr 2026 | 7.62× | 10.1× |
| 10 Apr 2026 | 7.62× | 10.1× |
| 17 Apr 2026 | 7.99× | 10.1× |
| 24 Apr 2026 | 8.28× | 10.1× |
| 1 May 2026 | 8.63× | 10.1× |
| 8 May 2026 | 8.87× | 10.1× |
| 15 May 2026 | 9.00× | 10.1× |
| 22 May 2026 | 10.2× | 10.1× |
| 29 May 2026 | 8.86× | 10.1× |
| 5 Jun 2026 | 9.16× | 10.1× |
| 12 Jun 2026 | 9.95× | 10.1× |
| 18 Jun 2026 | 8.71× | 10.1× |
| 26 Jun 2026 | 7.94× | 10.1× |
| 2 Jul 2026 | 4.77× | 10.1× |
| 10 Jul 2026 | 5.31× | 10.1× |
| 17 Jul 2026 | 5.44× | 10.1× |
| 24 Jul 2026 | 6.01× | 10.1× |
| 31 Jul 2026 | 6.29× | 10.1× |
| 7 Aug 2026 | 6.07× | 10.1× |
| 14 Aug 2026 | 6.28× | 10.1× |
| 21 Aug 2026 | 6.78× | 10.1× |
| 28 Aug 2026 | 6.60× | 10.1× |
| 4 Sep 2026 | 7.32× | 10.1× |
| 11 Sep 2026 | 7.32× | 10.1× |
| 18 Sep 2026 | 7.71× | 10.1× |
| 25 Sep 2026 | 7.08× | 10.1× |
| 2 Oct 2026 | 7.58× | 10.1× |
| 9 Oct 2026 | 7.64× | 10.1× |
| 16 Oct 2026 | 7.11× | 10.1× |
| 23 Oct 2026 | 7.17× | 10.1× |
| 30 Oct 2026 | 7.22× | 10.1× |
| 4 Nov 2026 | 6.55× | 10.1× |
Earnings per share, 12 months
- Earnings per share, 12 months $7.54
| Week | Earnings per share, 12 months |
|---|---|
| 11 Jul 2025 | – |
| 18 Jul 2025 | – |
| 25 Jul 2025 | – |
| 1 Aug 2025 | – |
| 8 Aug 2025 | – |
| 15 Aug 2025 | – |
| 22 Aug 2025 | – |
| 29 Aug 2025 | – |
| 5 Sep 2025 | – |
| 12 Sep 2025 | – |
| 19 Sep 2025 | – |
| 26 Sep 2025 | $1.15 |
| 3 Oct 2025 | $1.15 |
| 10 Oct 2025 | $1.15 |
| 17 Oct 2025 | $1.15 |
| 24 Oct 2025 | $1.15 |
| 31 Oct 2025 | $1.15 |
| 7 Nov 2025 | $1.15 |
| 14 Nov 2025 | $1.15 |
| 21 Nov 2025 | $1.15 |
| 28 Nov 2025 | $1.15 |
| 5 Dec 2025 | $1.15 |
| 12 Dec 2025 | $1.15 |
| 19 Dec 2025 | $1.15 |
| 26 Dec 2025 | $2.23 |
| 2 Jan 2026 | $2.23 |
| 9 Jan 2026 | $2.23 |
| 16 Jan 2026 | $2.23 |
| 23 Jan 2026 | $2.23 |
| 30 Jan 2026 | $2.23 |
| 6 Feb 2026 | $2.23 |
| 13 Feb 2026 | $2.23 |
| 20 Feb 2026 | $2.23 |
| 27 Feb 2026 | $2.23 |
| 6 Mar 2026 | $2.23 |
| 13 Mar 2026 | $2.23 |
| 20 Mar 2026 | $2.23 |
| 27 Mar 2026 | $2.83 |
| 2 Apr 2026 | $2.83 |
| 10 Apr 2026 | $2.83 |
| 17 Apr 2026 | $2.83 |
| 24 Apr 2026 | $2.83 |
| 1 May 2026 | $2.83 |
| 8 May 2026 | $2.83 |
| 15 May 2026 | $2.83 |
| 22 May 2026 | $2.83 |
| 29 May 2026 | $2.83 |
| 5 Jun 2026 | $2.83 |
| 12 Jun 2026 | $2.83 |
| 18 Jun 2026 | $2.83 |
| 26 Jun 2026 | $4.54 |
| 2 Jul 2026 | $4.54 |
| 10 Jul 2026 | $4.54 |
| 17 Jul 2026 | $4.54 |
| 24 Jul 2026 | $4.54 |
| 31 Jul 2026 | $4.54 |
| 7 Aug 2026 | $4.54 |
| 14 Aug 2026 | $4.54 |
| 21 Aug 2026 | $4.54 |
| 28 Aug 2026 | $4.54 |
| 4 Sep 2026 | $4.54 |
| 11 Sep 2026 | $4.54 |
| 18 Sep 2026 | $4.54 |
| 25 Sep 2026 | $7.54 |
| 2 Oct 2026 | $7.54 |
| 9 Oct 2026 | $7.54 |
| 16 Oct 2026 | $7.54 |
| 23 Oct 2026 | $7.54 |
| 30 Oct 2026 | $7.54 |
| 4 Nov 2026 | $7.54 |
PEG 8.70 at the Jun 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate
- PEG 6.00×
- PEG = 1.0 1.00×
| Quarter | PEG | PEG = 1.0 |
|---|---|---|
| Sep 2021 | 6.00× | 1.00× |
| Dec 2021 | 6.00× | 1.00× |
| Mar 2022 | 6.00× | 1.00× |
| Jun 2022 | 6.00× | 1.00× |
| Sep 2022 | 6.00× | 1.00× |
| Dec 2022 | 6.00× | 1.00× |
| Mar 2023 | 6.00× | 1.00× |
| Jun 2023 | 6.00× | 1.00× |
| Sep 2023 | 6.00× | 1.00× |
| Dec 2023 | 6.00× | 1.00× |
| Mar 2024 | 6.00× | 1.00× |
| Jun 2024 | 6.00× | 1.00× |
| Sep 2024 | 6.00× | 1.00× |
| Dec 2024 | 6.00× | 1.00× |
| Mar 2025 | 6.00× | 1.00× |
| Jun 2025 | 6.00× | 1.00× |
| Sep 2025 | 6.00× | 1.00× |
| Dec 2025 | 6.00× | 1.00× |
| Mar 2026 | 6.00× | 1.00× |
| Jun 2026 | 6.00× | 1.00× |
Why the multiple is where it is: over the past year earnings per share moved +112.1% while the price moved +77.9%. Earnings did better than the price, which pulled the multiple down within its own range.
In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.
Is the Dorian LPG Ltd. business getting better or worse?
Dorian LPG Ltd.'s business is turning around. Profit growth has swung from −70.7% at its low to +557.3%, improving for 4 quarters in a row, with ROCE rising at 18.5%. This is based on 12 quarters of 4 measures.
Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.
Growth year by year: revenue +35.8% in FY26, profit +114.8%
- Revenue growth 35.8%
| Quarter | Revenue growth |
|---|---|
| FY22 | – |
| FY23 | 44.1% |
| FY24 | 44.3% |
| FY25 | −37.4% |
| FY26 | 35.8% |
Profit growth, EPS growth
- Profit growth 114.8%
- EPS growth 112.1%
| Quarter | Profit growth | EPS growth |
|---|---|---|
| FY22 | – | – |
| FY23 | 139.7% | 141% |
| FY24 | 78.3% | 77.2% |
| FY25 | −70.7% | −71.8% |
| FY26 | 114.8% | 112.1% |
Three growth lines over twelve quarters: revenue accelerating, profit accelerating
- Revenue 80.5%
| Quarter | Revenue |
|---|---|
| Sep 2023 | 61.3% |
| Dec 2023 | 62.6% |
| Mar 2024 | 44.3% |
| Jun 2024 | 33% |
| Sep 2024 | 1.8% |
| Dec 2024 | −24.2% |
| Mar 2025 | −37.4% |
| Jun 2025 | −42.8% |
| Sep 2025 | −28% |
| Dec 2025 | −4.8% |
| Mar 2026 | 35.8% |
| Jun 2026 | 80.5% |
Profit, EPS
- Profit 300%
- EPS 300%
| Quarter | Profit | EPS |
|---|---|---|
| Sep 2023 | 163.1% | 161.8% |
| Dec 2023 | 130.8% | 129.7% |
| Mar 2024 | 78.3% | 77.2% |
| Jun 2024 | 54% | 53% |
| Sep 2024 | −6.1% | −6.8% |
| Dec 2024 | −47% | −47.8% |
| Mar 2025 | −70.7% | −71.6% |
| Jun 2025 | −84.1% | −84.8% |
| Sep 2025 | −60.4% | −62.2% |
| Dec 2025 | −25.2% | −27.9% |
| Mar 2026 | 114.8% | 110.2% |
| Jun 2026 | 300% | 300% |
ROCE: the return line, worked out each quarter
- ROCE 18.5%
| Quarter | ROCE |
|---|---|
| Sep 2023 | 17.9% |
| Dec 2023 | 20.9% |
| Mar 2024 | 19.6% |
| Jun 2024 | 19.2% |
| Sep 2024 | 15.6% |
| Dec 2024 | 10.5% |
| Mar 2025 | 6.6% |
| Jun 2025 | 4.2% |
| Sep 2025 | 6.6% |
| Dec 2025 | 8.5% |
| Mar 2026 | 12.5% |
| Jun 2026 | 18.5% |
Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it.
Compound annual growth rate (%)
Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.
| Measure | 1yr | 3yr | 5yr | 10yr |
|---|---|---|---|---|
| Revenue | +35.8% | +7.0% | — | — |
| Profit | +114.8% | +3.9% | — | — |
| EPS | +112.1% | +1.9% | — | — |
| Stock price | +77.9% | — | — | — |
How much does Dorian LPG Ltd. earn on its capital?
Dorian LPG Ltd. earned a ROE of 17% in FY26. That is up from a low of 8% in FY22. Its return on capital used (ROIC) is 3.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 40.8% net margin and 0.25× asset turnover (sales divided by assets).
Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.
Why the return is what it is (FY26): a 40.8% net margin × 0.25× asset turnover × 1.64× leverage (assets divided by equity) ≈ 16.7% on equity. The margin does most of the work; borrowing is a big part of it.
The key test, return on capital used minus the cost of capital: 10.6% − 7.3% = +3.3 percentage points. The 7.3% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.
FY26: ROE 17%, the climb back from FY22's 8%
- ROE 17%
- Cost of capital 7.3%
| Quarter | ROE | Cost of capital |
|---|---|---|
| FY22 | 7.8% | 7.3% |
| FY23 | 19.7% | 7.3% |
| FY24 | 30% | 7.3% |
| FY25 | 8.6% | 7.3% |
| FY26 | 17% | 7.3% |
Jun 2026: ROE 29.1% (last 12 months)
- ROE (12 months) 29.1%
| Quarter | ROE (12 months) |
|---|---|
| Sep 2023 | 23.5% |
| Dec 2023 | 33.8% |
| Mar 2024 | 41.9% |
| Jun 2024 | 31.6% |
| Sep 2024 | 19.1% |
| Dec 2024 | 3.4% |
| Mar 2025 | 7.9% |
| Jun 2025 | 3.1% |
| Sep 2025 | 3.9% |
| Dec 2025 | 21.1% |
| Mar 2026 | 17.5% |
| Jun 2026 | 29.1% |
Does Dorian LPG Ltd. have too much debt?
Dorian LPG Ltd. has total debt of $646 M against shareholder equity of $1.2 B as of Jun 2026, so its debt is 0.52× its equity. Year by year, that ratio went from 0.73 in FY22 to 0.62 in FY26. Keep that borrowing in mind when reading the returns on this page.
Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.
FY26: debt $709 M, 0.62× equity
- Total debt $709 M
| Quarter | Total debt |
|---|---|
| FY22 | $671 M |
| FY23 | $816 M |
| FY24 | $797 M |
| FY25 | $713 M |
| FY26 | $709 M |
Debt-to-equity
- Debt-to-equity 0.62×
| Quarter | Debt-to-equity |
|---|---|
| FY22 | 0.73× |
| FY23 | 0.93× |
| FY24 | 0.78× |
| FY25 | 0.68× |
| FY26 | 0.62× |
Jun 2026: debt $646 M, debt-to-equity 0.52
- Total debt (quarterly) $646 M
| Quarter | Total debt (quarterly) |
|---|---|
| Sep 2023 | $839 M |
| Dec 2023 | $818 M |
| Mar 2024 | $797 M |
| Jun 2024 | $776 M |
| Sep 2024 | $755 M |
| Dec 2024 | $734 M |
| Mar 2025 | $713 M |
| Jun 2025 | $690 M |
| Sep 2025 | $698 M |
| Dec 2025 | $674 M |
| Mar 2026 | $709 M |
| Jun 2026 | $646 M |
Debt-to-equity
- Debt-to-equity 0.52×
| Quarter | Debt-to-equity |
|---|---|
| Sep 2023 | 0.91× |
| Dec 2023 | 0.83× |
| Mar 2024 | 0.78× |
| Jun 2024 | 0.69× |
| Sep 2024 | 0.69× |
| Dec 2024 | 0.69× |
| Mar 2025 | 0.68× |
| Jun 2025 | 0.67× |
| Sep 2025 | 0.65× |
| Dec 2025 | 0.62× |
| Mar 2026 | 0.62× |
| Jun 2026 | 0.52× |
What is the Dorian LPG Ltd. shareholding pattern?
5.0% of Dorian LPG Ltd.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 3.0 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.
There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.
It is a single reading at one point in time; we do not have its history.
Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.
How far is Dorian LPG Ltd. from balance-sheet trouble?
For Dorian LPG Ltd., the Z-score is 2.74. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.
The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.
Why it matters: a Z-score of 2.74 is in the grey area, neither clearly safe nor clearly in trouble.
How does Dorian LPG Ltd. rank in its industry?
There is no score against its industry: Dorian LPG Ltd. is not among the largest members shown in this industry comparison for Oil & Gas Midstream.
The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.
Which companies is Dorian LPG Ltd. compared with?
No sector comparison is shown here, not among the largest members shown in this industry comparison.
Which companies are close to Dorian LPG Ltd. in size?
Dorian LPG Ltd. is the 34th largest of 47 Oil & Gas Midstream companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: DHT Holdings, Inc., SunocoCorp LLC and Teekay Tankers. Just below it: NGL Energy Partners LP, Genesis Energy, L.P. and Nordic American Tankers.
Oil & Gas Midstream companies close in size
- DHT Holdings, Inc. $3.6 billion
- SunocoCorp LLC $3.4 billion
- Teekay Tankers Ltd. $3.1 billion
- Dorian LPG Ltd. $2.1 billion
- NGL Energy Partners LP $1.9 billion
- Genesis Energy, L.P. $1.6 billion
- Nordic American Tankers Limited $1.5 billion
All 47 Oil & Gas Midstream companies, largest first
Companies close in size in other industries
- DoubleVerify Holdings, Inc. $2.1 billion · Advertising Agencies
- DRDGOLD Limited $2.1 billion · Gold
- Dorian LPG Ltd. $2.1 billion
- Ultra Clean Holdings, Inc. $2.1 billion · Semiconductor Equipment & Materials
- SmartStop Self Storage REIT, Inc. $2.1 billion · REIT - Industrial
What else do people ask about Dorian LPG Ltd.?
What were Dorian LPG Ltd. Ltd.'s latest quarterly results?
Dorian LPG Ltd. reported revenue of $188 M and net profit of $138 M for the Jun 2026 quarter. Revenue rose 124.0% and profit rose 1,271.6% compared with a year earlier. Earnings per share were $3.24.
The operating margin was 59.9%, 41.3 percentage points higher than a year earlier (as of 4 November 2026).
What is Dorian LPG Ltd. Ltd.'s market cap?
Dorian LPG Ltd.'s market capitalisation is $2.1 B at a stock price of $49.43. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).
How is Dorian LPG Ltd. Ltd. performing?
Dorian LPG Ltd.'s latest readings are below. In its latest quarter, revenue rose 124.0% and profit rose 1,271.6% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 18 weeks running.
This describes what the data did, not a rating (as of 4 November 2026).
Will Dorian LPG Ltd. Ltd.'s stock price go up?
This page does not forecast Dorian LPG Ltd.'s stock price. What it shows instead: the stock price is $49.43. Its P/E of 6.6× is higher than 11% of its own last 1 years.
Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026).
Where is Dorian LPG Ltd. Ltd. in its business cycle?
Dorian LPG Ltd.'s FY26 operating margin was 44.3%, against a 5-year range of 31.7% to 58.8%: the middle of its own range, neither a peak nor a low. The latest quarter was 59.9%.
Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).
What could break the Dorian LPG Ltd. Ltd. story?
The main question: yearly earnings per share moved +112.1% while the share price moved +77.9%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).
Is Dorian LPG Ltd. Ltd. a stock worth studying right now?
What the numbers show: Dorian LPG Ltd.'s earnings have grown faster than its share price. Earnings per share grew +112.1% in a year while the price moved +77.9%. The main open question: whether the price catches up with earnings that have already grown.
Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).
Where do these numbers come from?
Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.
Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.
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