| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 42.8 | 16.4 | +160.6% |
| EBITDA | 25.3 | 15.6 | +62.0% |
| EBITDA margin | 59.1% | 95.0% | −35.9 pts |
| Profit before tax | 16.5 | 10.8 | +52.6% |
| Net profit | 14.8 | 11.3 | +30.7% |
| EPS | ₹3.70 | ₹2.83 | +30.7% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 |
|---|
| 2,477 | — | — | — | |
| 43.7 | 43.7 | 35.7 | 14.8 | |
| 203 | 203 | 165 | 0.0 | |
| 2,636 | — | — | — | |
| 143 | 116 | 74.0 | 6.5 | |
| — | +57.3% | +1,044.5% | — | |
| 82.1 | 72.4 | 45.9 | −3.5 | |
| 57.5% | 62.2% | 62.0% | −54.3% | |
| 63.9 | 56.7 | 45.7 | −4.9 | |
| 72.0 | 68.5 | 46.5 | 5.6 | |
| 50.4% | 58.9% | 62.8% | 86.2% | |
| ₹18.00 | ₹20.25 | ₹11.62 | ₹1.39 | |
| — | +74.3% | +734.0% | — | |
| — | 45.3 | 10.5 | 3.5 | |
| — | −73.5 | −183 | 0.0 | |
| −28.2 | −28.2 | −172 | 3.5 | |
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|
| Market Capitalization | — | — | — | 2,476.5 | |
| - Cash, Equiv & ST Investments | 14.8 | 35.7 | 43.7 | 43.7 | |
| + Total Debt | 0.0 | 164.8 | 203.2 | 203.2 | |
| Enterprise Value | — | — | — | 2,636.0 | |
| Revenue | 6.5 | 74.0 | 116.4 | 142.8 | |
| Growth %, YoY | — | +1,044.5 | +57.3 | — | |
| EBITDA | -3.5 | 45.9 | 72.4 | 82.1 | |
| Margin % | -54.30 | 61.99 | 62.17 | 57.46 | |
| EBIT | -4.9 | 45.7 | 56.7 | 63.9 | |
| Net Income | 5.6 | 46.5 | 68.5 | 72.0 | |
| Margin % | 86.17 | 62.79 | 58.87 | 50.43 | |
| EPS, Adj (current shares) | 1.39 | 11.62 | 20.25 | 18.00 | |
| Growth %, YoY | — | +734.0 | +74.3 | — | |
| Cash from Operations | 3.5 | 10.5 | 45.3 | — | |
| Capital Expenditures | -0.0 | -182.8 | -73.5 | — | |
| Free Cash Flow | 3.5 | -172.4 | -28.2 | -28.2 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Dolphin Offshore Enterprises (NSE: DOLPHIN) had a market capitalisation of ₹2,435 crore at the 30 October 2026 close (₹608.75 a share), a PE ratio of 29.8 on the last four quarters' profit and a price-to-book ratio of 6.89. In FY26 its consolidated net profit was ₹81 crore on revenue of ₹116 crore; in Q1 FY27 (April–June 2026) it was ₹14.8 crore, up 32.3% year on year. Its debt-to-equity ratio was 0.57 on 31 March 2026. Promoters held 74.99% of the shares on 30 September 2026.
Dolphin Offshore Enterprises' PE ratio is 29.8 at the 30 October 2026 close (₹608.75 a share): a market capitalisation of ₹2,435 crore divided by consolidated net profit of ₹81.6 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹81 crore) it is 30.1.
Dolphin Offshore Enterprises' price-to-book (PB) ratio is 6.89 at the 30 October 2026 close: a market capitalisation of ₹2,435 crore divided by shareholders' equity (book value) of ₹353 crore on 31 March 2026. That is a book value of ₹88.35 per share against a share price of ₹608.75.
Dolphin Offshore Enterprises' net worth — shareholders' equity in its consolidated balance sheet — was ₹353 crore on 31 March 2026, up 29.7% from ₹272 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,435 crore at the 30 October 2026 close.
Dolphin Offshore Enterprises' market capitalisation was ₹2,435 crore at the 30 October 2026 close: 4 crore shares at ₹608.75 each.
No. Dolphin Offshore Enterprises had borrowings of ₹203 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.57. Its cash and current investments were ₹43.8 crore, so its net debt was ₹159 crore.
Dolphin Offshore Enterprises' basic earnings per share (EPS) were ₹17.13 in FY26, against ₹11.62 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹18.00.
Dolphin Offshore Enterprises' debt-to-equity ratio was 0.57 on 31 March 2026: borrowings of ₹203 crore against total equity of ₹353 crore. A year earlier, on 31 March 2025, it was 0.60.
Promoters held 74.99% of Dolphin Offshore Enterprises on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
Dolphin Offshore Enterprises' latest results are for Q1 FY27 (April–June 2026): consolidated net profit ₹14.8 crore, up 32.3% from ₹11.2 crore in Q1 FY26; revenue from operations ₹42.8 crore, up 160.6% year on year.
In FY26, Dolphin Offshore Enterprises' return on equity (ROE) was 25.9% and its return on capital employed (ROCE) was 11.4%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 18.8% and ROCE 13.8%.
On 30 September 2026, Dolphin Offshore Enterprises' shares were held by promoters 74.99%, foreign portfolio investors (FII/FPI) 4.63%, domestic institutions (DII) 0.31% and retail and other non-institutional investors 20.07%. Over the year, FII holding was up 0.06 percentage points from 4.57% and DII holding was unchanged.
On FY26 consolidated figures, against Jindal Drilling And Industries: Dolphin Offshore Enterprises' operating margin of 48.7% is the higher of the two (Jindal Drilling And Industries 19.9%; peer average 19.9%); its return on equity of 25.9% is the higher of the two (Jindal Drilling And Industries 12.4%; peer average 12.4%).
Dolphin Offshore Enterprises' book value per share was ₹88.35 on 31 March 2026: shareholders' equity of ₹353 crore divided by the 4 crore shares in issue, up 29.7% from ₹68.09 a year earlier. The share price at the 30 October 2026 close was ₹608.75.
In FY26, Dolphin Offshore Enterprises generated ₹45.3 crore of cash from operations and spent ₹73.5 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹28.2 crore. In FY25 it was −₹172 crore.
In FY26 (April 2025–March 2026), Dolphin Offshore Enterprises' consolidated net profit was ₹81 crore, up 74.3% from ₹46.5 crore in FY25, on revenue from operations of ₹116 crore (up 57.3%).
Dolphin Offshore Enterprises will announce its Q2 FY27 results (July–September 2026) on Saturday, 31 October 2026, the date of the board meeting it has notified to the exchanges.
At the 30 October 2026 closing prices, on FY26 net profit, Dolphin Offshore Enterprises' PE ratio is 30.1, the higher of the two: Jindal Drilling And Industries 6.8, a peer average of 6.8. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Dolphin Offshore Enterprises earned net profit of ₹81 crore on revenue of ₹116 crore, against ₹211 crore on ₹997 crore for Jindal Drilling And Industries. Dolphin Offshore Enterprises' operating margin was 48.7% (Jindal Drilling And Industries 19.9%) and its return on equity 25.9% (Jindal Drilling And Industries 12.4%). At the 30 October 2026 close, Dolphin Offshore Enterprises' market capitalisation was ₹2,435 crore against ₹1,434 crore for Jindal Drilling And Industries, and its PE ratio on FY26 profit 30.1 against 6.8.
From Dolphin Offshore Enterprises' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.