Dolphin Offshore Enterprises (India) share price & results
- Jun 2026
- Sept 2026
Mumbai-based oil & gas company operating via overseas subsidiaries in Mauritius and the UAE.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 43.0 | +168.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 59.0 | −36.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 15.0 | +36.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 23.04 | +3.4 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -25.00 | −38.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 76.54 | +76.0 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +57.6% 1Y
1Y: ₹374.05 on 24 Oct 2025 → ₹589.35. High ₹724.3 (22 Sept 2026), low ₹332.9 (9 Dec 2025).
- Previous close
- ₹564
- Market cap
- ₹2.3k Cr
- 52-week range
- ₹332.9 – ₹724.3
- One year
- +56.22%
- Price to earnings (TTM to Jun 2026)
- 31.33×
- Return on equity (TTM to Jun 2026)
- 23.04%
Overview
- Symbol
- NSE:DOLPHIN
- Industry
- Energy
- Exchange
- NSE
- Currency
- INR
What Dolphin Offshore Enterprises (India) Limited does
Based on the company's own presentations, annual report and earnings calls.
Dolphin Offshore Enterprises (India) Limited is a Mumbai-registered oil & gas company (CIN activity code: extraction of crude petroleum and natural gas) listed on the BSE and NSE. It operates through two wholly owned overseas subsidiaries — Dolphin Offshore Enterprises (Mauritius) Private Limited and Beluga International DMCC, based in the UAE — that anchor its international operations. Several of its directors also serve on the boards of Deep Industries Limited and its onshore oilfield-services subsidiaries (Deep Energy Resources, Deep Exploration Services, Deep Onshore Drilling Services, Breitling Drilling and Deep Methane), reflecting common promoter-group ties to India's onshore drilling sector.
- Overseas subsidiaries
- 2 (Mauritius; UAE - DMCC)
- Stock exchange listings
- BSE (522261) and NSE (DOLPHIN)
- Registered CIN activity
- Extraction of crude petroleum and natural gas (CIN: L11101MH1979PLC021302)
- Affiliated promoter group
- Common directors with Deep Industries Limited and its onshore drilling/exploration subsidiaries
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2018 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +36% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 17 | 28 | 20 | 16 | 25 | 30 | 45 | 43 |
| Expenses | 4 | 13 | 9 | 1 | 3 | 8 | 33 | 18 |
| Operating profit | 13 | 16 | 11 | 16 | 22 | 22 | 12 | 25 |
| Operating margin | 76.0% | 55.0% | 55.0% | 95.0% | 89.0% | 75.0% | 27.0% | 59.0% |
| Other income | 0 | 1 | 0 | 0 | 4 | 2 | 12 | 0 |
| Interest | 0 | 0 | 1 | 2 | 3 | 4 | 5 | 4 |
| Depreciation | 0 | 0 | 0 | 2 | 4 | 5 | 5 | 5 |
| Profit before tax | 13 | 16 | 10 | 11 | 19 | 16 | 14 | 16 |
| Tax rate | −1.0% | 6.0% | −2.0% | −5.0% | 18.0% | 17.0% | −100.0% | 10.0% |
| Net profit | 13 | 16 | 10 | 11 | 16 | 13 | 28 | 15 |
| EPS (₹ per share) | 3.23 | 3.89 | 2.61 | 2.83 | 3.90 | 3.32 | 7.08 | 3.70 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 7 | 73 | 116 |
| Expenses | 10 | 28 | 45 |
| Operating profit | -3 | 46 | 72 |
| Other income | 6 | 3 | 18 |
| Interest | 0 | 1 | 14 |
| Depreciation | 0 | 0 | 16 |
| Profit before tax | 0 | 47 | 60 |
| Net profit | 5 | 47 | 68 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 17 | 3 | 4 | 4 | 4 | 4 |
| Reserves | 25 | 174 | 217 | 268 | 298 | 349 |
| Borrowings | 131 | 18 | 1 | 165 | 194 | 203 |
| Other liabilities | 165 | 6 | 5 | 24 | 27 | 51 |
| Total liabilities | 338 | 201 | 227 | 461 | 523 | 608 |
| Fixed assets | 66 | 58 | 3 | 1 | 286 | 309 |
| Capital work in progress | 0 | 0 | 47 | 222 | 0 | 0 |
| Investments | 20 | 0 | 15 | 27 | 32 | 34 |
| Other assets | 253 | 143 | 164 | 211 | 205 | 265 |
| Total assets | 338 | 201 | 227 | 461 | 523 | 608 |
| Line item | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 22 | -1 | -4 | 4 | 10 | 45 |
| Cash from investing | -6 | 0 | 0 | -24 | -167 | -75 |
| Cash from financing | -18 | 1 | 5 | 20 | 164 | 31 |
| Net cash flow | -2 | 0 | 0 | 0 | 8 | 2 |
| Free cash flow | 22 | -1 | -4 | 9 | -160 | -28 |
| Line item | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 636 | — | — | 7972 | 974 | 729 |
| Cash conversion cycle | 636 | — | — | 7972 | 974 | 729 |
| Working capital days | 520 | — | — | 8618 | 857 | 589 |
| Return on capital employed | 1.0% | — | −4.0% | 1.0% | 15.0% | 15.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 74.99% as of Sept 2026; institutions added 0.06 pts since Jun 2026.
- Promoters 74.99%
- Foreign institutions 4.63%
- Domestic institutions 0.31%
- Public 20.06%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 1.12% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Dolphin Offshore Enterprises (India) Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 74.99% | unchanged | |
| 4.00% | unchanged | |
| FPI fund | 2.83% | unchanged |
| 2.35% | unchanged | |
| FPI fund | 1.74% | unchanged |
| 1.50% | unchanged | |
| 1.50% | unchanged | |
| 1.26% | unchanged | |
| 1.25% | unchanged | |
| 1.12% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
Start an Inve Case for Dolphin Offshore Enterprises (India) Limited
Free account: one company. Everything above stays public.
Write why you follow Dolphin Offshore Enterprises (India) Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Other Oil, Gas & Consumable Fuels companies
- GA
GANDHARGandhar Oil Refinery (India) Limited - PR
PRABHAPrabha Energy Limited - PA
PANAMAPETPanama Petrochem Limited - CO
CONFIPETConfidence Petroleum India Limited - VE
VEEDOLVeedol Corporation Limited - HI
HINDOILEXPHindustan Oil Exploration Company Limited - AS
ASIANENEAsian Energy Services Limited - JI
JINDRILLJindal Drilling And Industries Limited
Learn to analyse Dolphin Offshore Enterprises (India) Limited
Guides on how to read this kind of business and the numbers that matter.