Dolphin Offshore Enterprises (India) Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 24, 2025, 8:01 pm

Market Cap	1,494 Cr.
Current Price	375
High / Low	949/200
Stock P/E	40.5
Book Value	60.6
Dividend Yield	0.00 %
ROCE	0.97 %
ROE	3.22 %
Face Value	1.00
PEG Ratio	0.66

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Dolphin Offshore Enterprises (India) Ltd

Competitors of Dolphin Offshore Enterprises (India) Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Gujarat Natural Resources Ltd	530 Cr.	41.3	42.0/9.92		8.53	0.00 %	1.12 %	3.49 %	10.0
Dolphin Offshore Enterprises (India) Ltd	1,494 Cr.	375	949/200	40.5	60.6	0.00 %	0.97 %	3.22 %	1.00
Deep Energy Resources Ltd	999 Cr.	312	348/153	694	121	0.00 %	0.39 %	0.35 %	10.0
Selan Explorations Technology Ltd	855 Cr.	563	1,100/497	12.2	286	0.00 %	12.3 %	8.70 %	10.0
Oil India Ltd	65,479 Cr.	403	768/322	8.88	324	2.61 %	17.7 %	18.0 %	10.0
Industry Average	33,252.33 Cr	450.37		80.97	544.76	0.94%	10.49%	9.47%	6.85

All Competitor Stocks of Dolphin Offshore Enterprises (India) Ltd

Quarterly Result

Metric	Dec 2016	Mar 2017	Mar 2022	Jun 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	55	48	0	0	0	0	1	2	2	2	8	17	28
Expenses	31	74	0	0	1	0	1	1	1	7	2	4	13
Operating Profit	24	-27	-0	-0	-1	-0	-0	1	1	-5	6	13	16
OPM %	44%	-56%					-23%	42%	40%	-253%	74%	76%	55%
Other Income	6	6	0	0	-0	45	1	3	0	2	2	0	1
Interest	2	4	0	0	0	0	0	0	0	0	0	0	0
Depreciation	5	7	3	0	2	2	0	0	0	0	0	0	0
Profit before tax	23	-30	-4	-0	-3	42	0	4	0	-4	8	13	16
Tax %	2%	3%	0%	0%	0%	0%	0%	0%	0%	-138%	5%	-1%	6%
Net Profit	23	-31	-4	-0	-3	42	0	4	0	1	8	13	16
EPS in Rs	1.34	-1.87	-0.21	-0.01	-0.16	13.40	0.04	1.12	0.11	0.36	1.89	3.23	3.89

Last Updated: February 28, 2025, 12:02 pm

Below is a detailed analysis of the quarterly data for Dolphin Offshore Enterprises (India) Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 28.00 Cr.. The value appears strong and on an upward trend. It has increased from 17.00 Cr. (Sep 2024) to 28.00 Cr., marking an increase of 11.00 Cr..
For Expenses, as of Dec 2024, the value is 13.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4.00 Cr. (Sep 2024) to 13.00 Cr., marking an increase of 9.00 Cr..
For Operating Profit, as of Dec 2024, the value is 16.00 Cr.. The value appears strong and on an upward trend. It has increased from 13.00 Cr. (Sep 2024) to 16.00 Cr., marking an increase of 3.00 Cr..
For OPM %, as of Dec 2024, the value is 55.00%. The value appears to be declining and may need further review. It has decreased from 76.00% (Sep 2024) to 55.00%, marking a decrease of 21.00%.
For Other Income, as of Dec 2024, the value is 1.00 Cr.. The value appears strong and on an upward trend. It has increased from 0.00 Cr. (Sep 2024) to 1.00 Cr., marking an increase of 1.00 Cr..
For Interest, as of Dec 2024, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 0.00 Cr..
For Depreciation, as of Dec 2024, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 0.00 Cr..
For Profit before tax, as of Dec 2024, the value is 16.00 Cr.. The value appears strong and on an upward trend. It has increased from 13.00 Cr. (Sep 2024) to 16.00 Cr., marking an increase of 3.00 Cr..
For Tax %, as of Dec 2024, the value is 6.00%. The value appears to be increasing, which may not be favorable. It has increased from -1.00% (Sep 2024) to 6.00%, marking an increase of 7.00%.
For Net Profit, as of Dec 2024, the value is 16.00 Cr.. The value appears strong and on an upward trend. It has increased from 13.00 Cr. (Sep 2024) to 16.00 Cr., marking an increase of 3.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 3.89. The value appears strong and on an upward trend. It has increased from 3.23 (Sep 2024) to 3.89, marking an increase of 0.66.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 4:36 pm

Metric	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	553	304	200	416	358	196	158	208	168	0	0	6	56
Expenses	446	271	201	334	230	104	91	163	128	1	1	4	26
Operating Profit	107	34	-1	82	128	93	67	44	40	-1	-1	2	30
OPM %	19%	11%	-0%	20%	36%	47%	42%	21%	24%			35%	53%
Other Income	3	22	47	15	-24	-18	10	-3	1	0	45	0	5
Interest	15	18	21	23	21	15	12	10	13	0	0	1	0
Depreciation	9	10	13	19	21	22	21	42	36	14	8	1	0
Profit before tax	87	27	12	55	62	38	44	-12	-8	-14	36	0	33
Tax %	28%	41%	63%	14%	2%	6%	8%	-5%	12%	0%	0%	-2,042%
Net Profit	62	16	4	47	61	36	41	-11	-9	-14	36	6	37
EPS in Rs	3.95	0.96	0.26	2.81	3.63	2.13	2.45	-0.66	-0.51	-0.85	11.43	1.39	9.37
Dividend Payout %	8%	16%	59%	5%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2010-2011	2011-2012	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2022-2023	2023-2024
YoY Net Profit Growth (%)	-74.19%	-75.00%	1075.00%	29.79%	-40.98%	13.89%	-126.83%	18.18%	357.14%	-83.33%
Change in YoY Net Profit Growth (%)	0.00%	-0.81%	1150.00%	-1045.21%	-70.77%	54.87%	-140.72%	145.01%	338.96%	-440.48%

Dolphin Offshore Enterprises (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2010-2011 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	-33%
5 Years:	%
3 Years:	%
TTM:	1128%

Compounded Profit Growth
10 Years:	-24%
5 Years:	%
3 Years:	%
TTM:	5952%

Stock Price CAGR
10 Years:	42%
5 Years:	297%
3 Years:	%
1 Year:	-5%

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

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 4:37 pm

Month	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	16	17	17	17	17	17	17	17	17	17	3	4	4
Reserves	199	227	224	259	333	374	428	573	566	25	174	217	238
Borrowings	172	186	183	166	139	66	61	58	64	131	18	1	1
Other Liabilities	125	97	67	180	121	97	98	105	146	165	6	5	119
Total Liabilities	512	527	492	621	609	554	603	753	793	338	201	227	363
Fixed Assets	119	113	218	207	216	201	189	324	289	66	58	3	2
CWIP	95	101	2	1	1	13	19	0	0	0	0	47	167
Investments	0	0	0	0	0	0	0	0	0	20	0	15	13
Other Assets	298	312	272	412	392	340	395	429	503	253	143	164	181
Total Assets	512	527	492	621	609	554	603	753	793	338	201	227	363

Below is a detailed analysis of the balance sheet data for Dolphin Offshore Enterprises (India) Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹4.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 4.00 Cr..
For Reserves, as of Sep 2024, the value is ₹238.00 Cr.. The value appears strong and on an upward trend. It has increased from 217.00 Cr. (Mar 2024) to ₹238.00 Cr., marking an increase of 21.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹1.00 Cr.. The value remains steady. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. There is no change compared to the previous period (Mar 2024) which recorded 1.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹119.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5.00 Cr. (Mar 2024) to ₹119.00 Cr., marking an increase of 114.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹363.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 227.00 Cr. (Mar 2024) to ₹363.00 Cr., marking an increase of 136.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹2.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3.00 Cr. (Mar 2024) to ₹2.00 Cr., marking a decrease of 1.00 Cr..
For CWIP, as of Sep 2024, the value is ₹167.00 Cr.. The value appears strong and on an upward trend. It has increased from 47.00 Cr. (Mar 2024) to ₹167.00 Cr., marking an increase of 120.00 Cr..
For Investments, as of Sep 2024, the value is ₹13.00 Cr.. The value appears to be declining and may need further review. It has decreased from 15.00 Cr. (Mar 2024) to ₹13.00 Cr., marking a decrease of 2.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹181.00 Cr.. The value appears strong and on an upward trend. It has increased from 164.00 Cr. (Mar 2024) to ₹181.00 Cr., marking an increase of 17.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹363.00 Cr.. The value appears strong and on an upward trend. It has increased from 227.00 Cr. (Mar 2024) to ₹363.00 Cr., marking an increase of 136.00 Cr..

Notably, the Reserves (238.00 Cr.) exceed the Borrowings (1.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	61	-13	38	58	62	89	20	-8	22	-1	-4	4
Cash from Investing Activity +	-61	-7	-15	-12	-10	-2	-5	22	-6	0	0	-24
Cash from Financing Activity +	8	10	-28	-43	-51	-88	-17	-13	-18	1	5	20
Net Cash Flow	8	-9	-4	2	2	-1	-2	1	-2	-0	0	-0

Free Cash Flow

Month	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-65.00	-152.00	-184.00	-84.00	-11.00	27.00	6.00	-14.00	-24.00	-132.00	-19.00	1.00

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 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2023	Mar 2024
Debtor Days	124	266	334	191	195	326	553	407	636		7,972
Inventory Days											0
Days Payable
Cash Conversion Cycle	124	266	334	191	195	326	553	407	636		7,972
Working Capital Days	102	208	254	138	219	383	578	480	657		8,618
ROCE %	30%	9%	5%	18%	26%	17%	12%	4%	1%	-4%	1%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2018	Mar 2019	Jun 2019	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	54.83%	54.83%	54.83%	54.83%	94.98%	94.98%	94.98%	74.99%	74.99%	74.99%	74.99%	74.99%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.82%	12.82%	12.82%	12.82%	12.82%
DIIs	0.22%	0.62%	1.31%	1.31%	2.00%	2.00%	2.00%	1.58%	1.58%	1.58%	1.60%	1.60%
Public	44.95%	44.55%	43.86%	43.86%	3.01%	3.01%	3.02%	10.60%	10.62%	10.62%	10.60%	10.59%
No. of Shareholders	15,148	15,026	14,814	14,814	12,022	12,022	11,440	10,972	11,254	13,613	13,016	13,283

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 18	Mar 17
FaceValue	1.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	1.59	457.29	-8.52	-4.70	-10.76
Diluted EPS (Rs.)	1.59	457.29	-8.52	-4.70	-10.76
Cash EPS (Rs.)	1.74	138.09	-0.45	16.24	18.65
Book Value[Excl.RevalReserv]/Share (Rs.)	55.32	561.43	25.05	347.28	351.90
Book Value[Incl.RevalReserv]/Share (Rs.)	55.32	561.43	25.05	347.28	351.90
Revenue From Operations / Share (Rs.)	1.62	0.00	0.00	99.99	123.74
PBDIT / Share (Rs.)	0.24	-2.06	-0.45	24.32	39.11
PBIT / Share (Rs.)	-0.09	-25.83	-8.52	2.93	13.83
PBT / Share (Rs.)	0.06	-27.17	-8.52	-4.60	-6.99
Net Profit / Share (Rs.)	1.39	114.32	-8.52	-5.14	-6.63
NP After MI And SOA / Share (Rs.)	1.39	114.32	-8.52	-5.15	-6.63
PBDIT Margin (%)	15.24	0.00	0.00	24.32	31.60
PBIT Margin (%)	-6.02	0.00	0.00	2.93	11.17
PBT Margin (%)	4.07	0.00	0.00	-4.59	-5.64
Net Profit Margin (%)	86.16	0.00	0.00	-5.14	-5.35
NP After MI And SOA Margin (%)	86.16	0.00	0.00	-5.14	-5.35
Return on Networth / Equity (%)	2.51	20.36	-33.99	-1.48	-1.88
Return on Capital Employeed (%)	-0.17	-4.60	-33.22	0.83	3.91
Return On Assets (%)	2.45	17.96	-4.22	-1.08	-1.47
Total Debt / Equity (X)	0.00	0.10	3.11	0.10	0.09
Asset Turnover Ratio (%)	0.03	0.00	0.00	0.10	0.14
Current Ratio (X)	34.74	6.06	0.73	2.22	2.40
Quick Ratio (X)	34.74	6.06	0.71	2.19	2.35
Interest Coverage Ratio (X)	1.06	-1.55	-1900.25	3.23	6.29
Interest Coverage Ratio (Post Tax) (X)	5.30	-19.38	-35705.25	0.31	2.28
Enterprise Value (Cr.)	1186.72	18.67	137.45	189.40	262.35
EV / Net Operating Revenue (X)	183.49	0.00	0.00	1.13	1.26
EV / EBITDA (X)	1203.81	-28.65	-180.83	4.64	4.00
MarketCap / Net Operating Revenue (X)	183.53	0.00	0.00	0.83	1.04
Price / BV (X)	5.36	0.01	0.16	0.24	0.36
Price / Net Operating Revenue (X)	183.53	0.00	0.00	0.83	1.04
EarningsYield	0.00	27.35	-2.04	-0.06	-0.05

After reviewing the key financial ratios for Dolphin Offshore Enterprises (India) Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. It has decreased from 10.00 (Mar 23) to 1.00, marking a decrease of 9.00.
For Basic EPS (Rs.), as of Mar 24, the value is 1.59. This value is below the healthy minimum of 5. It has decreased from 457.29 (Mar 23) to 1.59, marking a decrease of 455.70.
For Diluted EPS (Rs.), as of Mar 24, the value is 1.59. This value is below the healthy minimum of 5. It has decreased from 457.29 (Mar 23) to 1.59, marking a decrease of 455.70.
For Cash EPS (Rs.), as of Mar 24, the value is 1.74. This value is below the healthy minimum of 3. It has decreased from 138.09 (Mar 23) to 1.74, marking a decrease of 136.35.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 55.32. It has decreased from 561.43 (Mar 23) to 55.32, marking a decrease of 506.11.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 55.32. It has decreased from 561.43 (Mar 23) to 55.32, marking a decrease of 506.11.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 1.62. It has increased from 0.00 (Mar 23) to 1.62, marking an increase of 1.62.
For PBDIT / Share (Rs.), as of Mar 24, the value is 0.24. This value is below the healthy minimum of 2. It has increased from -2.06 (Mar 23) to 0.24, marking an increase of 2.30.
For PBIT / Share (Rs.), as of Mar 24, the value is -0.09. This value is below the healthy minimum of 0. It has increased from -25.83 (Mar 23) to -0.09, marking an increase of 25.74.
For PBT / Share (Rs.), as of Mar 24, the value is 0.06. This value is within the healthy range. It has increased from -27.17 (Mar 23) to 0.06, marking an increase of 27.23.
For Net Profit / Share (Rs.), as of Mar 24, the value is 1.39. This value is below the healthy minimum of 2. It has decreased from 114.32 (Mar 23) to 1.39, marking a decrease of 112.93.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 1.39. This value is below the healthy minimum of 2. It has decreased from 114.32 (Mar 23) to 1.39, marking a decrease of 112.93.
For PBDIT Margin (%), as of Mar 24, the value is 15.24. This value is within the healthy range. It has increased from 0.00 (Mar 23) to 15.24, marking an increase of 15.24.
For PBIT Margin (%), as of Mar 24, the value is -6.02. This value is below the healthy minimum of 10. It has decreased from 0.00 (Mar 23) to -6.02, marking a decrease of 6.02.
For PBT Margin (%), as of Mar 24, the value is 4.07. This value is below the healthy minimum of 10. It has increased from 0.00 (Mar 23) to 4.07, marking an increase of 4.07.
For Net Profit Margin (%), as of Mar 24, the value is 86.16. This value exceeds the healthy maximum of 10. It has increased from 0.00 (Mar 23) to 86.16, marking an increase of 86.16.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 86.16. This value exceeds the healthy maximum of 20. It has increased from 0.00 (Mar 23) to 86.16, marking an increase of 86.16.
For Return on Networth / Equity (%), as of Mar 24, the value is 2.51. This value is below the healthy minimum of 15. It has decreased from 20.36 (Mar 23) to 2.51, marking a decrease of 17.85.
For Return on Capital Employeed (%), as of Mar 24, the value is -0.17. This value is below the healthy minimum of 10. It has increased from -4.60 (Mar 23) to -0.17, marking an increase of 4.43.
For Return On Assets (%), as of Mar 24, the value is 2.45. This value is below the healthy minimum of 5. It has decreased from 17.96 (Mar 23) to 2.45, marking a decrease of 15.51.
For Total Debt / Equity (X), as of Mar 24, the value is 0.00. This value is within the healthy range. It has decreased from 0.10 (Mar 23) to 0.00, marking a decrease of 0.10.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.03. It has increased from 0.00 (Mar 23) to 0.03, marking an increase of 0.03.
For Current Ratio (X), as of Mar 24, the value is 34.74. This value exceeds the healthy maximum of 3. It has increased from 6.06 (Mar 23) to 34.74, marking an increase of 28.68.
For Quick Ratio (X), as of Mar 24, the value is 34.74. This value exceeds the healthy maximum of 2. It has increased from 6.06 (Mar 23) to 34.74, marking an increase of 28.68.
For Interest Coverage Ratio (X), as of Mar 24, the value is 1.06. This value is below the healthy minimum of 3. It has increased from -1.55 (Mar 23) to 1.06, marking an increase of 2.61.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 5.30. This value is within the healthy range. It has increased from -19.38 (Mar 23) to 5.30, marking an increase of 24.68.
For Enterprise Value (Cr.), as of Mar 24, the value is 1,186.72. It has increased from 18.67 (Mar 23) to 1,186.72, marking an increase of 1,168.05.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 183.49. This value exceeds the healthy maximum of 3. It has increased from 0.00 (Mar 23) to 183.49, marking an increase of 183.49.
For EV / EBITDA (X), as of Mar 24, the value is 1,203.81. This value exceeds the healthy maximum of 15. It has increased from -28.65 (Mar 23) to 1,203.81, marking an increase of 1,232.46.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 183.53. This value exceeds the healthy maximum of 3. It has increased from 0.00 (Mar 23) to 183.53, marking an increase of 183.53.
For Price / BV (X), as of Mar 24, the value is 5.36. This value exceeds the healthy maximum of 3. It has increased from 0.01 (Mar 23) to 5.36, marking an increase of 5.35.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 183.53. This value exceeds the healthy maximum of 3. It has increased from 0.00 (Mar 23) to 183.53, marking an increase of 183.53.
For EarningsYield, as of Mar 24, the value is 0.00. This value is below the healthy minimum of 5. It has decreased from 27.35 (Mar 23) to 0.00, marking a decrease of 27.35.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Dolphin Offshore Enterprises (India) Ltd as of April 25, 2025 is: 64.49

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 25, 2025, Dolphin Offshore Enterprises (India) Ltd is Overvalued by 82.80% compared to the current share price 375.00

Intrinsic Value of Dolphin Offshore Enterprises (India) Ltd as of April 25, 2025 is: 103.95

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 25, 2025, Dolphin Offshore Enterprises (India) Ltd is Overvalued by 72.28% compared to the current share price 375.00

Last 5 Year EPS CAGR: 61.19%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (295.15 cr) compared to borrowings (95.85 cr), indicating strong financial stability. The company has shown consistent growth in sales (201.77 cr) and profit (27.69 cr) over the years.	The stock has a low average ROCE of 9.92%, which may not be favorable. The stock has a high average Working Capital Days of 252.25, which may not be favorable. The stock has a high average Cash Conversion Cycle of 253.25, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Dolphin Offshore Enterprises (India) Ltd:
1. Net Profit Margin: 86.16%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: -0.17% (Industry Average ROCE: 9.68%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 2.51% (Industry Average ROE: 8.74%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 5.3
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 34.74
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 40.5 (Industry average Stock P/E: 68.52)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Dolphin Offshore Enterprises (India) Ltd. is a Public Limited Listed company incorporated on 17/05/1979 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L11101MH1979PLC021302 and registration number is 021302. Currently Company is involved in the business activities of Services incidental to off shore oil extraction. Company's Total Operating Revenue is Rs. 6.47 Cr. and Equity Capital is Rs. 4.00 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Oil Drilling And Exploration	Unit No. 301, Zillion Junction of LBS Marg, Mumbai Maharashtra 400070	info@dolphinoffshore.com http://www.dolphinoffshore.com

Management
Name	Position Held
Mr. Dharen Shantilal Savla	Chairman, Non Ind & Non Exe Director
Mr. Rupesh Kantilai Savia	Managing Director
Mr. Rohan Vasantkumar Shah	Executive Director
Mr. Christopher Joseph Rodricks	Ind. Non-Executive Director
Mr. Ashokkumar Ratilal Patel	Ind. Non-Executive Director
Mrs. Shaily Jatin Dedhia	Ind. Non-Executive Director

FAQ

What is the intrinsic value of Dolphin Offshore Enterprises (India) Ltd?

Dolphin Offshore Enterprises (India) Ltd's intrinsic value (as of 25 April 2025) is ₹64.49 — 82.80% lower the current market price of 375.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 1,494 Cr. market cap, FY2025-2026 high/low of ₹949/200, reserves of 238 Cr, and liabilities of 363 Cr.

What is the Market Cap of Dolphin Offshore Enterprises (India) Ltd?

The Market Cap of Dolphin Offshore Enterprises (India) Ltd is 1,494 Cr..

What is the current Stock Price of Dolphin Offshore Enterprises (India) Ltd as on 25 April 2025?

The current stock price of Dolphin Offshore Enterprises (India) Ltd as on 25 April 2025 is 375.

What is the High / Low of Dolphin Offshore Enterprises (India) Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Dolphin Offshore Enterprises (India) Ltd stocks is ₹949/200.

What is the Stock P/E of Dolphin Offshore Enterprises (India) Ltd?

The Stock P/E of Dolphin Offshore Enterprises (India) Ltd is 40.5.

What is the Book Value of Dolphin Offshore Enterprises (India) Ltd?

The Book Value of Dolphin Offshore Enterprises (India) Ltd is 60.6.

What is the Dividend Yield of Dolphin Offshore Enterprises (India) Ltd?

The Dividend Yield of Dolphin Offshore Enterprises (India) Ltd is 0.00 %.

What is the ROCE of Dolphin Offshore Enterprises (India) Ltd?

The ROCE of Dolphin Offshore Enterprises (India) Ltd is 0.97 %.

What is the ROE of Dolphin Offshore Enterprises (India) Ltd?

The ROE of Dolphin Offshore Enterprises (India) Ltd is 3.22 %.

What is the Face Value of Dolphin Offshore Enterprises (India) Ltd?

The Face Value of Dolphin Offshore Enterprises (India) Ltd is 1.00.