Dolphin Offshore Enterprises (India) Ltd (DOLPHIN) — shareholding pattern, promoter holding, financials and share price
About Dolphin Offshore Enterprises (India) Ltd (DOLPHIN)
Dolphin Offshore Enterprises (India) Ltd operates in the Offshore Support Solution Drilling industry, within the Oil, Gas & Consumable Fuels sector. It trades on the NSE as DOLPHIN and on the BSE under scrip code 522261. Its ISIN is INE920A01037.
Incorporated in 1979, Dolphin Offshore Enterprises Ltd providing services to the offshore oil and gas industry [1]
Dolphin Offshore Enterprises (India) Ltd specializes in providing underwater services to the Indian oil and gas industry, including diving, vessel management, and pipeline inspections.
Despite its historical reliability as a contractor, the company recently underwent corporate insolvency proceedings due to payment defaults, signaling significant financial distress.
Listed peers in Offshore Support Solution Drilling: Prabha Energy Ltd, Hindustan Oil Exploration Company Ltd, Jindal Drilling & Industries Ltd, Asian Energy Services Ltd, Gujarat Natural Resources Ltd, Ganesh Benzoplast Ltd.
Valuation & Returns
10 Jul 2026At ₹385 a share on 10 Jul 2026, Dolphin Offshore Enterprises (India) Ltd (DOLPHIN) was valued at a price-to-earnings ratio of 22.47x against an industry P/E of 8.54x and a price-to-book of 5.65x on a book value of ₹68.09 per share as of Mar 2025. Solomo computes return on equity of 25.16% and return on capital employed of 16.96% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 22.47x
- Industry P/E
- 8.54x
- P/B
- 5.65x
- EPS (TTM)
- ₹17.13
- Book value / share
- ₹68.09
- ROE
- 25.16%
- ROCE
- 16.96%
- ROA
- 14.86%
- Debt / equity
- 0.6x
- Dividend yield
- 0%
- EBITDA margin
- 77.13%
- 52-week range
- ₹323 – ₹505.9
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Dolphin Offshore Enterprises (India) Ltd (DOLPHIN) reported revenue of ₹116 crore, net profit of ₹69 crore and earnings per share of ₹17.13. That compares with revenue of ₹74 crore and net profit of ₹46 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹45 crore and net profit ₹28 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 0 | 0 | 6 | 74 | 116 |
| Net profit (₹ cr) | -14 | 36 | 6 | 46 | 69 |
| EPS (₹) | -0.85 | 11.43 | 1.39 | 11.62 | 17.13 |
| Measure | 10Y | 1Y |
|---|---|---|
| Sales growth | -7.30% | - |
| Profit growth | - | 734.47% |
| Stock price CAGR | 45% | -13% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 74.99% of Dolphin Offshore Enterprises (India) Ltd (DOLPHIN) (unchanged from the previous quarter), foreign institutional investors (FII) hold 4.57% and domestic institutional investors (DII) hold 0.31%. Market capitalisation was ₹1,540 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: Krishang Vaibhav Shah 4%, Unico Global Opportunities Fund Limited 2.83%, HUF 2.55%, Pushpaben Gadhecha 2.35%, Ebisu Global Opportunities Fund Limited 1.74%, Bela Himanshu Shah 1.5%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 74.99% | - | 4.57% | 0.31% | 25.01% |
| Mar 2026 | 74.99% | - | 4.58% | 0.31% | 25.01% |
| Dec 2025 | 74.99% | - | 4.57% | 0.31% | 25.01% |
| Sep 2025 | 74.99% | - | 4.57% | 0.31% | 25.01% |
| Jun 2025 | 74.99% | - | 4.57% | 0.31% | 25.01% |
| Mar 2025 | 74.99% | - | 4.57% | 1.47% | 25.01% |
| Dec 2024 | 74.99% | - | 12.82% | 1.6% | 25.01% |
| Sep 2024 | 74.99% | - | 12.82% | 1.6% | 25.01% |