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Companies›Energy›Oil Gas & Consumable Fuels›Oil
NSE:DOLPHIN

DOLPHIN OFF ENT (IND) L

Oil Gas & Consumable Fuels › Oil
₹590.00
at close · 28 Oct 2026
▼ 3.00 (-0.51%)

Latest filings

Next results: Sat, 31 Oct · Financial Results
  1. Board meeting set for October 2026 results · Results
  2. Routine RTA compliance certificate for Q2 FY27 · Compliance
  3. Trading window closed from Oct 1 ahead of Q2 results · Compliance
All filings ↓
Ask Nexa about DOLPHIN OFF ENT (IND) L

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Provides offshore support services for the oil and gas drilling sector under a single 'Oil and Gas Offshore Support Services' segment. FY26 consolidated revenue was Rs 11,642.04 lakhs, with net profit of Rs 6,853.79 lakhs and EBITDA margin of 77.13%. The cost mix is asset-heavy — depreciation accounts for 13.4% of revenue, materials 19.7%, and employee costs just 0.7% — indicating a capital-intensive model. Incorporated a new wholly-owned subsidiary, Beluga International (IFSC) Private Limited, at GIFT City in March 2026 to operate as a finance company leasing ships and ocean vessels; it is yet to start operations. In Q1 FY27, consolidated revenue jumped to Rs 4,284.65 lakhs from Rs 1,644.30 lakhs a year earlier. The auditor has repeatedly emphasised Expected Credit Loss provisions on aged trade receivables — Rs 904.95 lakhs consolidated for FY26 and Rs 1,110.49 lakhs for Q1 FY27.

Operating scale
Total assets
Rs 607.69 croreFY26
Capex intensity
63.1% of revenueFY26
Depreciation as % of revenue
13.4%FY26
Subsidiaries consolidated
Three subsidiaries (including Beluga International IFSC)FY26
Beluga International IFSC authorised capital
Rs 2 croreFY26
Q1 FY27 consolidated revenue
Rs 4,284.65 lakhs (vs Rs 1,644.30 lakhs YoY)Q1 FY27
Who pays it
Oil and gas operators using offshore drilling support services; trade receivables ageing suggests concentration with major upstream clients.
Biggest cost
Materials and supplies at 19.7% of revenue, alongside heavy depreciation tied to capital-intensive vessels and offshore equipment.
Kind of business
Asset-heavy, capital-intensive offshore oil and gas services business.
Where it sits
Operates in offshore support solutions for drilling in India's oil and gas sector; single-segment reporting entity with a new IFSC-based finance subsidiary for ship and ocean vessel leasing.
Market Cap
₹2,360 Cr
P / E (TTM)
32.8×
EV / EBITDA
25.7×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
13.3%▲
ROCE (FY26)
ROE 19.4% · margin 77.1%
Leverage
0.57·
Debt / Equity · moderate
Net debt ₹193 Cr
Cash conversion
0.35×▼
Operating cash ÷ profit · 4 yrs
₹55 Cr on ₹157 Cr
Moves on a normal day
1.36%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 16 Oil peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#11/15
P/B#15/15
ROCE#6/17
ROE#1/16
Debt / Equity#16/16
EBITDA margin#3/15
Revenue growth#1/15
Profit growth#9/16

Scorecard

Measured from the filed financials, judged against its Oil peers · as of FY26 — not investment advice

Strengths
Returns on capital 13.3%
#6 of 17 in Oil on the latest reported figures · down from 20.6% in FY23
Concerns
Carries more debt than its peers — 0.57× equity
higher than 100% of its 16 Oil peers
Over 4 years it reported ₹157 Cr of profit and ₹55 Cr of operating cash — 0.35×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 670 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

DOLPHIN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from DOLPHIN OFF ENT (IND) L's filed financials and exchange disclosures

What does DOLPHIN OFF ENT (IND) L do?

DOLPHIN OFF ENT (IND) L is a Oil company listed on NSE and BSE, trading under the symbol DOLPHIN.

Is DOLPHIN OFF ENT (IND) L profitable?

Yes. Over the trailing twelve months DOLPHIN OFF ENT (IND) L reported a net profit of ₹72 Cr on revenue of ₹143 Cr.

Does DOLPHIN OFF ENT (IND) L pay a dividend?

Not in the latest reported year — DOLPHIN OFF ENT (IND) L's dividend payout for FY26 was nil.

Is DOLPHIN OFF ENT (IND) L debt-free?

No. It reported borrowings of ₹203 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹193 Cr after cash. Debt stands at 0.57× equity. That is higher than 100% of its 16 Oil peers.

Is DOLPHIN OFF ENT (IND) L expensive compared with its peers?

On trailing P/E, DOLPHIN OFF ENT (IND) L ranks 11 of 15 in Oil — cheaper than 29% of them, against an industry median of 21.8×. This is a position, not a valuation judgement.

How much does the DOLPHIN OFF ENT (IND) L share price move in a day?

On a typical session DOLPHIN OFF ENT (IND) L moves 1.36% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are DOLPHIN OFF ENT (IND) L's next results?

Financial Results on Sat, 31 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track DOLPHIN OFF ENT (IND) L's announcements?

Every NSE and BSE filing by DOLPHIN OFF ENT (IND) L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.