Dolfin Rubbers Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd is trading at 169.00 as of 18 June 2026, with a FY2026-2027 high of 218 and low of 161. The stock is currently near its 52-week low. Market cap stands at 169 Cr..

Q: Is Dolfin Rubbers Ltd financially healthy?

Key indicators: ROCE of 14.9 % is moderate. Dividend yield is 0.00 %.

Q: Is Dolfin Rubbers Ltd profitable and how is the profit trend?

Dolfin Rubbers Ltd reported a net profit of 5 Cr in Mar 2025 on revenue of 144 Cr. Compared to 3 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹148.23Overvalued by 12.29%vs CMP ₹169.00

P/E (30.6) × ROE (15.3%) × BV (₹38.80) × DY (2.00%)

₹83.84Overvalued by 50.39%vs CMP ₹169.00

MoS: -101.6% (Negative)Confidence: 66/100 (Moderate)Models: 1 Fair, 9 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹169.35	20%	Fair (+0.2%)
Graham Number	Earnings	₹68.98	14%	Over (-59.2%)
Earnings Power	Earnings	₹19.89	12%	Over (-88.2%)
DCF	Cash Flow	₹79.34	12%	Over (-53.1%)
Net Asset Value	Assets	₹39.00	6%	Over (-76.9%)
EV/EBITDA	Enterprise	₹91.00	8%	Over (-46.2%)
Dividend Discount	Dividends	₹66.00	8%	Over (-60.9%)
Earnings Yield	Earnings	₹54.50	6%	Over (-67.8%)
ROCE Capital	Returns	₹76.66	8%	Over (-54.6%)
Revenue Multiple	Revenue	₹72.00	5%	Over (-57.4%)
Consensus (10 models)		₹83.84	100%	Overvalued

Key Drivers: Wide model spread (₹20–₹169) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 14.2%

*Investments are subject to market risks

Analyst Summary

Dolfin Rubbers Ltd operates in the Rubber Processing/Rubber Products segment, NSE: DOLFIN | BSE: 542013, current market price is ₹169.00, market cap is 169 Cr.. At a glance, stock P/E is 30.6, ROE is 15.3 %, ROCE is 14.9 %, book value is 38.8, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹83.84, around 50.4% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹144 Cr versus the prior period change of 14.3%, while latest net profit is about ₹5 Cr with a prior-period change of 0.0%. The 52-week range shown on this page is 218/161, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisDolfin Rubbers Ltd. is a Public Limited Listed company incorporated on 12/10/1995 and has its registered office in the State of Punjab, India. Company's Corporate Identification Number(CIN) is L25112P…

This summary is generated from the stock page data available for Dolfin Rubbers Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Dolfin Rubbers Ltd scores 65/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health73/100 · Strong

ROCE 14.9% GoodROE 15.3% GoodD/E 0.53 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money50/100 · Moderate

Promoter holding at 37.4% Stable

Earnings Quality50/100 · Moderate

OPM stable around 7% Steady

Quarterly Momentum68/100 · Strong

Revenue (4Q): +16% YoY GrowingProfit (4Q): +7% YoY Positive

Industry Rank80/100 · Strong

P/E 30.6 vs industry 125.5 Cheaper than peersROCE 14.9% vs industry 8.9% Above peers3Y sales CAGR: 20% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: June 12, 2026, 8:21 am

Market Cap	169 Cr.
Current Price	169
Intrinsic Value	₹83.84
High / Low	218/161
Stock P/E	30.6
Book Value	38.8
Dividend Yield	0.00 %
ROCE	14.9 %
ROE	15.3 %
Face Value	10.0
PEG Ratio	2.15

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Dolfin Rubbers Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Dolfin Rubbers Ltd	169 Cr.	169	218/161	30.6	38.8	0.00 %	14.9 %	15.3 %	10.0
Indag Rubber Ltd	219 Cr.	83.4	145/77.4	21.5	88.0	2.88 %	5.00 %	4.44 %	2.00
Vikas Ecotech Ltd	221 Cr.	1.25	2.72/0.95	68.9	2.22	0.00 %	2.75 %	1.37 %	1.00
Elgi Rubber Company Ltd	252 Cr.	50.3	90.5/32.7		15.1	0.00 %	12.9 %	67.5 %	1.00
Modi Rubber Ltd	310 Cr.	124	168/98.4	485	270	0.00 %	0.63 %	0.09 %	10.0
Industry Average	641.38 Cr	314.83		125.54	109.87	0.59%	8.88%	15.67%	6.22

All Competitor Stocks of Dolfin Rubbers Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	22.60	31.39	27.63	36.66	27.04	34.61	38.64	33.70	31.84	39.41	40.23	39.90	41.02
Expenses	21.00	29.49	25.86	33.99	25.20	32.16	35.68	31.73	30.14	36.62	37.56	38.07	39.04
Operating Profit	1.60	1.90	1.77	2.67	1.84	2.45	2.96	1.97	1.70	2.79	2.67	1.83	1.98
OPM %	7.08%	6.05%	6.41%	7.28%	6.80%	7.08%	7.66%	5.85%	5.34%	7.08%	6.64%	4.59%	4.83%
Other Income	0.01	0.05	0.12	-0.00	0.08	0.26	0.09	0.01	0.22	0.11	0.07	0.10	0.51
Interest	0.21	0.32	0.27	0.29	0.26	0.23	0.27	0.15	0.24	0.29	0.31	0.26	0.30
Depreciation	0.32	0.33	0.36	0.37	0.38	0.40	0.36	0.50	0.43	0.43	0.44	0.45	0.47
Profit before tax	1.08	1.30	1.26	2.01	1.28	2.08	2.42	1.33	1.25	2.18	1.99	1.22	1.72
Tax %	58.33%	23.08%	30.95%	26.87%	27.34%	28.37%	24.38%	21.05%	43.20%	28.90%	35.18%	11.48%	11.05%
Net Profit	0.45	0.99	0.87	1.46	0.92	1.49	1.84	1.04	0.71	1.54	1.29	1.08	1.54
EPS in Rs	0.45	0.99	0.87	1.46	0.92	1.49	1.83	1.04	0.71	1.54	1.29	1.08	1.54

Last Updated: March 3, 2026, 10:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 4:00 am

Metric	Mar 2010	Mar 2011	Mar 2012	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	17	19	22	54	70	77	82	84	102	126	144	161
Expenses	16	18	21	52	67	73	78	78	95	117	134	151
Operating Profit	1	1	1	3	3	4	5	6	7	9	9	9
OPM %	5%	5%	5%	5%	5%	5%	6%	7%	6%	7%	7%	6%
Other Income	-0	0	0	0	0	0	0	0	0	0	0	1
Interest	0	0	0	0	0	0	0	1	1	1	1	1
Depreciation	0	0	0	1	1	1	1	1	1	2	2	2
Profit before tax	0	1	1	2	3	3	4	4	5	7	7	7
Tax %	22%	17%	30%	27%	36%	26%	30%	27%	27%	28%	28%
Net Profit	0	0	0	1	2	3	3	3	3	5	5	5
EPS in Rs	2.33	2.59	2.50	1.77	1.87	2.56	2.84	2.80	3.30	4.74	5.10	5.45
Dividend Payout %	0%	0%	0%	0%	0%	29%	32%	0%	36%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	100.00%	50.00%	0.00%	0.00%	0.00%	66.67%	0.00%
Change in YoY Net Profit Growth (%)	0.00%	-50.00%	-50.00%	0.00%	0.00%	66.67%	-66.67%

Dolfin Rubbers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	13%
3 Years:	20%
TTM:	6%

Compounded Profit Growth
10 Years:	%
5 Years:	15%
3 Years:	22%
TTM:	-15%

Stock Price CAGR
10 Years:	%
5 Years:	43%
3 Years:	21%
1 Year:	-18%

Return on Equity
10 Years:	%
5 Years:	16%
3 Years:	16%
Last Year:	16%

Last Updated: September 5, 2025, 3:16 pm

Balance Sheet

Last Updated: June 2, 2026, 3:30 am

Month	Mar 2010	Mar 2011	Mar 2012	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1	1	1	6	8	8	8	8	10	10	10	10
Reserves	1	2	2	2	8	10	12	14	15	18	23	29
Borrowings	3	3	4	4	2	4	11	10	13	15	18	19
Other Liabilities	4	4	4	8	8	9	10	15	20	20	22	25
Total Liabilities	9	10	12	20	25	31	40	47	58	63	73	83
Fixed Assets	3	3	3	9	9	11	18	19	20	25	26	29
CWIP	0	0	0	0	2	4	0	1	2	0	0	1
Investments	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	6	7	9	11	14	16	23	27	36	38	47	53
Total Assets	9	10	12	20	25	31	40	47	58	63	73	83

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2010	Mar 2011	Mar 2012	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	0	0	0	2	-2	2	2	2	2	5	4	5
Cash from Investing Activity +	0	0	0	-1	-3	-4	-2	-3	-4	-4	-4	-4
Cash from Financing Activity +	0	0	0	-0	5	2	1	1	2	-2	-1	-1
Net Cash Flow	0	0	0	0	-0	0	0	0	1	0	0	0
Free Cash Flow	0	0	0	1	-5	-2	-2	-1	-2	1	1	-1
CFO/OP	0%	0%	0%	105%	-43%	80%	50%	49%	44%	78%	67%	71%

Free Cash Flow

Month	Mar 2010	Mar 2011	Mar 2012	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-2.00	-2.00	-3.00	-1.00	1.00	0.00	-6.00	-4.00	-6.00	-6.00	-9.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2010	Mar 2011	Mar 2012	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	56	43	59	54	49	54	54	51	54	45	45
Inventory Days	71	96	90	15	24	24	52	92	94	90	102
Days Payable	69	71	61	45	19	26	21	29	39	21	13
Cash Conversion Cycle	59	68	88	24	54	52	86	114	109	114	135
Working Capital Days	52	65	27	3	29	31	33	45	49	46	48
ROCE %		15%	14%		21%	18%	16%	15%	16%	19%	17%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	36.10%	36.10%	36.10%	36.10%	36.10%	36.22%	36.22%	36.68%	36.78%	36.78%	37.06%	37.40%
Public	63.90%	63.90%	63.90%	63.90%	63.90%	63.78%	63.78%	63.33%	63.23%	63.22%	62.95%	62.60%
No. of Shareholders	760	795	980	1,143	1,578	2,398	3,274	3,270	3,181	3,059	2,933	2,913

Shareholding Pattern Chart

No. of Shareholders

Dolfin Rubbers Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	5.11	4.73	3.30	3.68	3.77
Diluted EPS (Rs.)	5.11	4.73	3.30	3.68	3.77
Cash EPS (Rs.)	6.83	6.24	4.60	5.21	4.88
Book Value[Excl.RevalReserv]/Share (Rs.)	33.29	28.19	24.60	28.66	26.18
Book Value[Incl.RevalReserv]/Share (Rs.)	33.29	28.19	24.60	28.66	26.18
Dividend / Share (Rs.)	0.00	0.00	0.00	0.00	1.20
Revenue From Operations / Share (Rs.)	143.16	125.57	101.34	111.00	109.67
PBDIT / Share (Rs.)	9.82	9.16	6.67	7.61	6.62
PBIT / Share (Rs.)	8.10	7.66	5.38	6.09	5.51
PBT / Share (Rs.)	7.15	6.60	4.50	5.07	5.35
Net Profit / Share (Rs.)	5.11	4.73	3.30	3.68	3.77
PBDIT Margin (%)	6.85	7.29	6.58	6.86	6.03
PBIT Margin (%)	5.65	6.09	5.30	5.48	5.02
PBT Margin (%)	4.99	5.25	4.44	4.57	4.87
Net Profit Margin (%)	3.56	3.76	3.26	3.31	3.43
Return on Networth / Equity (%)	15.34	16.78	13.43	12.83	14.40
Return on Capital Employeed (%)	16.93	18.06	14.22	14.57	15.86
Return On Assets (%)	6.97	7.55	5.72	5.92	7.04
Long Term Debt / Equity (X)	0.03	0.09	0.08	0.07	0.13
Total Debt / Equity (X)	0.53	0.51	0.52	0.48	0.53
Asset Turnover Ratio (%)	2.11	2.09	1.94	1.92	2.32
Current Ratio (X)	1.77	1.82	1.73	1.69	1.54
Quick Ratio (X)	0.77	0.84	0.90	0.84	0.99
Inventory Turnover Ratio (X)	6.35	4.41	4.50	5.21	9.94
Dividend Payout Ratio (NP) (%)	0.00	25.35	75.66	32.61	26.50
Dividend Payout Ratio (CP) (%)	0.00	19.23	54.37	23.04	20.50
Earning Retention Ratio (%)	0.00	74.65	24.34	67.39	73.50
Cash Earning Retention Ratio (%)	0.00	80.77	45.63	76.96	79.50
Interest Coverage Ratio (X)	10.40	8.70	7.58	7.51	40.74
Interest Coverage Ratio (Post Tax) (X)	6.41	5.49	4.75	4.63	24.23
Enterprise Value (Cr.)	221.24	161.36	137.44	99.63	45.16
EV / Net Operating Revenue (X)	1.54	1.28	1.35	1.19	0.54
EV / EBITDA (X)	22.47	17.55	20.53	17.39	9.07
MarketCap / Net Operating Revenue (X)	1.42	1.17	1.23	1.07	0.42
Retention Ratios (%)	0.00	74.64	24.33	67.38	73.49
Price / BV (X)	6.12	5.22	5.07	4.15	1.77
Price / Net Operating Revenue (X)	1.42	1.17	1.23	1.07	0.42
EarningsYield	0.02	0.03	0.02	0.03	0.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Dolfin Rubbers Ltd. is a Public Limited Listed company incorporated on 12/10/1995 and has its registered office in the State of Punjab, India. Company's Corporate Identification Number(CIN) is L25112PB1995PLC017160 and registration number is 017160. Currently Company is involved in the business activities of Manufacture of rubber tyres and tubes for motor vehicles, motorcycles, scooters, three-wheelers, tractors and aircraft. Company's Total Operating Revenue is Rs. 169.75 Cr. and Equity Capital is Rs. 10.03 Cr. for the Year ended 31/03/2026.

INDUSTRY	ADDRESS	CONTACT
Rubber Processing/Rubber Products	26-A, Bhai Randhir Singh Nagar, Ludhiana Punjab 141012	Contact not found

Management
Name	Position Held
Mr. Kawaljit Singh	Chairman & Managing Director
Mr. Surinder Pal Singh	Joint Managing Director
Mrs. Ratinder Kaur	Whole Time Director
Mr. Kanwaljit Singh	Whole Time Director
Mr. Yashul Goyal	Independent Director
Ms. Jaspreet Kaur	Independent Director
Ms. Amandeep Kaur	Independent Director
Ms. Gurpreet Kaur	Independent Director

FAQ

What is the intrinsic value of Dolfin Rubbers Ltd and is it undervalued?

As of 18 June 2026, Dolfin Rubbers Ltd's intrinsic value is ₹83.84, which is 50.39% lower than the current market price of ₹169.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (15.3 %), book value (₹38.8), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd is trading at ₹169.00 as of 18 June 2026, with a FY2026-2027 high of ₹218 and low of ₹161. The stock is currently near its 52-week low. Market cap stands at ₹169 Cr..

How does Dolfin Rubbers Ltd's P/E ratio compare to its industry?

Dolfin Rubbers Ltd has a P/E ratio of 30.6, which is below the industry average of 125.54. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Dolfin Rubbers Ltd financially healthy?

Key indicators for Dolfin Rubbers Ltd: ROCE of 14.9 % is moderate; ROE of 15.3 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Dolfin Rubbers Ltd profitable and how is the profit trend?

Dolfin Rubbers Ltd reported a net profit of ₹5 Cr in Mar 2025 on revenue of ₹144 Cr. Compared to ₹3 Cr in Mar 2022, the net profit shows an improving trend.

Does Dolfin Rubbers Ltd pay dividends?

Dolfin Rubbers Ltd has a dividend yield of 0.00 % at the current price of ₹169.00. The company is currently not paying meaningful dividends.