Dolphin Offshore Enterprises India Ltd Stock Price Today (NSE: DOLPHIN)

Dolphin Offshore Enterprises India Ltd

389.104.20 (1.07%)
Market Closed

Fundamental Score

...

Dolphin Offshore Enterprises India Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Dolphin Offshore Enterprises India Ltd share price today is 389.10, down 1.07% on NSE/BSE as of 17 June 2026. Dolphin Offshore Enterprises India Ltd (DOLPHIN) is a Small-cap company in the Offshore Support Solution Drilling sector with a market capitalisation of 1.42K (Cr). The 52-week high for DOLPHIN share price is 501.95 and the 52-week low is 322.00. At a P/E ratio of 26.76x, DOLPHIN is currently trading above its industry average P/E of 15.75x. The company has a Return on Equity (ROE) of 18.69% and a debt-to-equity ratio of 0.64.

Dolphin Offshore Enterprises India Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
445.00
Low
389.10
Volume
36.5K
Change
-3.36%

Dolphin Offshore Enterprises India Ltd share price chart: -3.36% return over the past month. 52-week high ₹501.95, 52-week low ₹322.00.

Dolphin Offshore Enterprises India Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
397.95405.90397.25402.254.66K (Cr)
405.00407.65392.20396.707.90K (Cr)
405.45407.95396.80402.209.28K (Cr)
404.65407.60401.15404.404.25K (Cr)
409.05413.95401.55404.6512.35K (Cr)
407.90418.95405.60409.059.61K (Cr)
408.20411.45406.30407.507.57K (Cr)
413.45417.80406.00409.609.06K (Cr)
416.50420.40406.35412.3513.46K (Cr)
418.60418.60413.10416.159.48K (Cr)

Dolphin Offshore Enterprises India Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
405.00407.65392.20402.25-0.68%
416.30445.00396.80402.20-3.39%
402.50443.95390.00416.30+3.43%
398.00489.00366.35395.70-0.58%
425.30474.00390.50415.35-2.34%
490.00500.00391.05455.35-7.07%
350.00488.70322.00479.20+36.91%
409.95501.95344.00351.05-14.37%
403.90412.00366.00371.75-7.96%
446.90446.90365.00389.75-12.79%
434.60454.00385.50428.00-1.52%
462.00486.95413.95436.50-5.52%

AI Research Briefing

Powered by Gemini · 2026-04-10

Dolphin is a leveraged bet on ONGC's deepwater capex, but liquidity risk is extreme.

Research Confidence
6.0/10Moderate
GOVT CAPEX DARK HORSENegative. 1M: -4.95%, 3M: -17.36%, 6M: -10.94% [cite: brief].Expensive. P/E is 26.76x vs industry P/E of 15.75x [cite: brief].

WHAT'S HAPPENING NOW (last 2-4 weeks)

Dolphin Offshore submitted its Q4FY26 compliance certificate under SEBI regulations on April 9, 2026. The trading window closed on April 1, 2026, and will re-open 48 hours after the release of audited financial results for FY26.

CORE STORY (THE REAL GAME)

This is a play on ONGC's massive -1.7 lakh crore deepwater exploration program. Dolphin needs to demonstrate it can win and execute on these contracts.

Why Now
  • ONGC's $18-20 billion deepwater tender
  • Upcoming FY26 results
  • ONGC and Oil India's ₹3,200 crore drilling campaign
Potential Catalysts
  • Major contract wins from ONGC
  • Strong earnings beat in Q4FY26
  • Successful execution of existing contracts
Key Risks
  • Micro-cap with limited liquidity
  • High debt-to-equity ratio
  • Dependence on ONGC contracts
Institutional Activity

Promoter holding is high at 74.99%, FII and DII holdings are minimal [cite: brief]. No recent changes in institutional holdings [cite: brief].

Macro Context

India's push for energy independence is a tailwind, but global oil price volatility is a headwind.

Order Book / Expansion

No major news found after live search.

Cash Flow Quality

No Free Cash Flow data available [cite: brief].

3–6 Month Outlook

Dolphin's near-term prospects hinge on securing and executing ONGC contracts. Long-term growth depends on diversification and improving financial health.

Primary Thesis Risk

Failure to win ONGC contracts will crater the stock.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Good

Return on Equity (ROE)

18.69%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

14.69%

Returns generated on total capital deployed

Oper. Profit Margin (5Y Avg)

N/A

Average operating profit margin over 5 years

Dividend Yield

0.00%

Annual dividend as % of current share price

Dolphin Offshore Enterprises India Ltd Valuation Check

Poor

Price to Earnings (P/E)

26.76x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

15.75x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

74.99%

% shares held by company founders/management

Poor

FII Holding

4.57%

% shares held by foreign institutional investors

Poor

DII Holding

0.31%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

20.82%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

47.16%

Revenue growth vs same quarter last year

Revenue Growth (5-Year CAGR)

N/A

Compounded annual revenue growth over 5 years

EPS Growth (5-Year CAGR)

N/A

Earnings per share growth over 5 years

Net Profit Growth (5-Year CAGR)

N/A

Compounded annual net profit growth over 5 years

Balance Sheet Health

Poor

Debt to Equity Ratio

0.64x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

9.20x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

N/A

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Dolphin Offshore Enterprises India Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of DOLPHIN across key market metrics for learning purposes.

Positive Indicators

6 factors identified

Strong Return on Equity (18.69%)

Observation: Efficient use of shareholders' capital generating superior returns.

Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.

Robust Profit Growth (20.82%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Strong Revenue Growth (47.16%)

Observation: Healthy sales growth indicates market demand and execution capability.

Analysis: Revenue growth >15% suggests strong market position and growth potential.

Strong Interest Coverage (9.20x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Balanced Promoter Holding (74.99%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

2 factors identified

Limited Institutional Interest (FII+DII: 4.88%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

No Dividend Distribution

Observation: Company does not currently pay dividends to shareholders.

Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.

Dolphin Offshore Enterprises India Ltd vs Offshore Support Solution Drilling Peers

Peer Comparison - Offshore Support Solution Drilling

Compare Dolphin Offshore Enterprises India Ltd with 4 other companies in the same sector

5 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
35.3/100
389
₹1417.19
26.8
Average
18.69%
Good
14.69%
Average
0.6
Good
0.00%
71.8/100
614
₹1592.89
4.7
Average
14.41%
Average
16.34%
Good
0.1
Excellent
18.73%
Excellent
30.81%
Excellent
0.18%
6.2/100
17
₹199.90
13.71%
Good
-13.35%
Poor
0.00%
11.1/100
226
₹146.44
-3.78%
Poor
-4.32%
Poor
0.0
Excellent
1.47%
Average
-14.02%
Poor
3.46%
33/100
9
₹90.31
59.0
Average
2.29%
Poor
4.60%
Poor
0.4
Excellent
-23.23%
Poor
7.79%
Good
0.00%

Dolphin Offshore Enterprises India Ltd PE Ratio History

Historical price-to-earnings ratio for DOLPHIN — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 202511.62₹479.2041.2x
FY 20241.59₹574.35361.2x
FY 202345.73₹128.202.8x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Dolphin Offshore Enterprises India Ltd Quarterly Performance

Latest quarterly metrics for DOLPHIN — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

47.16%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

20.82%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

N/A

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

N/A

Compounded annual net profit growth over 5 years

Dolphin Offshore Enterprises India Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for DOLPHIN — calculated from daily price history

27RSI 14
Oversold — RSI 27

Selling pressure is heavy — potential reversal zone.

SMA 50
406
▼ Price below SMA 50 — Short-term bearish
SMA 200
407
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
37K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Dolphin Offshore Enterprises India Ltd Financial Statements

Annual income statement, balance sheet and cash flow for Dolphin Offshore Enterprises India Ltd (DOLPHIN) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Dolphin Offshore Enterprises India Ltd

About DOLPHIN (Dolphin Offshore Enterprises India Ltd)

Dolphin Offshore Enterprises India Ltd is a prominent player in the offshore support solution drilling sector, particularly focused on providing critical services to the oil and ga...s industry. With a strong foothold in the Indian market, Dolphin specializes in a range of essential offshore operations, including diving and underwater construction. They are known for their expertise in managing complex underwater projects, offering services like pipeline installation and maintenance, platform inspections, and sophisticated repair solutions. Dolphin's commitment to technological advancement and adherence to stringent safety standards allow it to deliver high-quality services, enabling efficient and reliable offshore drilling activities for their clients. Dolphin Offshore's strengths lie in its comprehensive understanding of the challenges inherent in offshore environments. They excel in pre-engineering surveys, providing detailed assessments for prospective projects. They also supply essential diving support for pipeline stabilization, ensuring infrastructure integrity. The company's capabilities extend to the modification and redevelopment of existing offshore facilities, a testament to their skilled workforce and innovative problem-solving approach. This ability to deliver specialized services, along with its experienced team, makes Dolphin a trusted partner for companies seeking reliable offshore solutions. Dolphin Offshore's approach is to provide client-specific strategies tailored to the unique requirements of each offshore project. They prioritize building strong relationships with their clients, focusing on transparent communication and collaborative solutions. Their reputation for precision and responsiveness has positioned Dolphin as a go-to provider for companies facing the complexities of offshore drilling and underwater construction. They are a company known for their steadfast commitment to quality and client satisfaction.

Company Details

Symbol:DOLPHIN
Industry:Offshore Support Solution Drilling
Sector:Offshore Support Solution Drilling

Key Leadership

Mr. Divyesh Umeshkumar Shah
Chief Financial Officer
Ms. Krena Bharatbhai Khamar
Company Secretary & Compliance Officer
Mr. Tapan Banik
COO & VP of Operations

DOLPHIN Share Price: Frequently Asked Questions

What is the current share price of Dolphin Offshore Enterprises India Ltd?

Dolphin Offshore Enterprises India Ltd (DOLPHIN) trades at ₹389.10 on NSE and BSE. Market cap ₹1.42K (Cr). Educational data only.

What is the P/E ratio of Dolphin Offshore Enterprises India Ltd?

Dolphin Offshore Enterprises India Ltd has a P/E of 26.76x vs industry average 15.75x.

What is the Bull Run score for Dolphin Offshore Enterprises India Ltd?

Dolphin Offshore Enterprises India Ltd has a Bull Run score of 35.3/100 based on 25+ financial parameters.

Does Dolphin Offshore Enterprises India Ltd pay dividends?

Dolphin Offshore Enterprises India Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of Dolphin Offshore Enterprises India Ltd?

Dolphin Offshore Enterprises India Ltd has ROE of 18.69%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Dolphin Offshore Enterprises India Ltd?

Dolphin Offshore Enterprises India Ltd has debt-to-equity of 0.64.

Is Dolphin Offshore Enterprises India Ltd a good investment?

Bull Run gives Dolphin Offshore Enterprises India Ltd a score of 35.3/100. This is not investment advice — consult a SEBI-registered advisor.