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Dossier · Dolfin Rubbers Limited · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Dolfin Rubbers Limited
BSE: 542013
BSE: 542013
Consumer Discretionary › Automobile and Auto Components › Auto Components › Tyres & Rubber Products
Dolfin Rubbers Limited
StateQ4 FY26 filed
Last close · 28 Oct 2026₹180.90
Market cap₹0.2k cr
TTM P/E · P/B · EV/EBITDA31.2 · 4.66 · 20.1
Dolfin Rubbers Limited is a Auto Components company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 84 | 102 | 126 | 144 | 170 |
| EBITDA (ex other income) | — | 7 | 9 | 9 | 9 |
| margin % | — | 6.5 | 6.9 | 6.6 | 5.3 |
| Owners' profit | — | 3 | 5 | 5 | 6 |
| EPS, as reported (₹) | 3.68 | 3.30 | 4.73 | 5.11 | 5.52 |
| ROE % · ROCE % | — · 14.6 | 13.4 · 14.2 | 16.8 · 18.1 | 15.3 · 16.9 | 14.2 · 15.1 |
| Debt / equity (x) | — | 0.53 | 0.52 | 0.54 | 0.48 |
| Cash from operations | 2 | 2 | 5 | 4 | 5 |
| Capex | — | (4) | (4) | (3) | (5) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Dolfin Rubbers Limited · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 39 | 34 | 32 | 39 | 40 | 40 | 41 | 49 |
| Profit before tax | 2 | 1 | 1 | 2 | 2 | 1 | 2 | 2 |
| Net profit | 2 | 1 | 1 | 2 | 2 | 1 | 2 | 2 |
| EPS (₹) | 1.83 | 1.04 | 0.71 | 1.54 | 1.57 | 1.07 | 1.53 | 1.63 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MRF LTD | 50,055 | 20.7 | 2.39 | 9.8 | 11.6 | 14.0 | 14.0 | 14.1 |
| BALKRISHNA IND. LTD | 40,512 | 28.8 | 3.70 | 17.5 | 11.3 | 13.0 | 13.4 | 24.4 |
| APOLLO TYRES LTD | 24,642 | 14.4 | 1.47 | 8.1 | 8.2 | 6.2 | 10.4 | 12.8 |
| CEAT LIMITED | 12,546 | 21.5 | 2.48 | 7.7 | 13.8 | 12.8 | 15.6 | 8.4 |
| JK TYRE & INDUSTRIES LTD | 8,792 | 13.2 | 1.45 | 6.8 | 12.8 | 9.9 | 12.4 | 7.1 |
| TVS SRICHAKRA LIMITED | 3,199 | 34.6 | 2.69 | 13.3 | 6.0 | 6.3 | 13.4 | 8.8 |
| GOODYEAR INDIA LIMITED | 1,573 | 25.6 | 2.60 | — | 10.1 | 12.2 | — | 4.3 |
| MEGAMONT LIMITED | 537 | 58.4 | 15.89 | 56.5 | 18.4 | 21.3 | — | 2.2 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 31.2 | 25.6 | 10 of 13 | 25% |
| P/B | 4.7 | 2.4 | 14 of 16 | 13% |
| ROCE | 13.1 | 9.9 | 4 of 17 | 81% |
| ROE | 14.2 | 9.0 | 2 of 16 | 93% |
| Debt / Equity | 0.5 | 0.4 | 9 of 16 | 47% |
| EBITDA margin | 5.8 | 7.6 | 10 of 16 | 40% |
| Revenue growth | 23.3 | 10.1 | 4 of 15 | 79% |
| Profit growth | 5.8 | (5.8) | 7 of 16 | 60% |
| Market cap | 181 | 326 | 12 of 17 | 31% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Dolfin Rubbers Limited · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 10 Oct 2026 · Compliance certificate under SEBI Reg 74(5) for quarter ended Sep 2026 | compliance | minimal | — | — |
| 26 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 10 Sept 2026 · Dolfin Rubbers 31st AGM: All 6 resolutions passed unanimously | board shareholder meetings | low | — | — |
| 9 Sept 2026 · 31st AGM held on Sept 9, 2026; key resolutions passed | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Newspaper ad for 31st AGM filed under SEBI Reg 30 | compliance | minimal | — | — |
| 14 Aug 2026 · Dolfin Rubbers 31st AGM on Sep 9, 2026; director re-appointments and new appointments on agenda | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Dolfin Rubbers files FY26 Annual Report; AGM set for 9 September | compliance | minimal | — | — |
| 13 Aug 2026 · Dolfin Rubbers 31st AGM on Sept 9, 2026, record date Aug 31 | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Dolfin Rubbers announces 31st AGM on Sept 9, book closure Sept 1 to 9 | corporate actions | low | — | — |
| 13 Aug 2026 · Board approves 31st AGM notice, director appointments and re-appointments | board shareholder meetings | low | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in