
About Dolphin Offshore
Dolphin Offshore is a publicly listed company based in Mumbai (India) founded in 1979. It operates as a provider of underwater services and turnkey EPC projects for the oil and gas industry. Dolphin Offshore has raised $15 million across 1 funding round from investors including Clearwater Capital Partners. Its chief executive is Satpal Singh. Its Indian entity Dolphin Offshore Enterprises (India) Limited reported revenue of ₹77.12 Cr. Its focus areas include Energy and Oil & Gas Equipment.
Company details
Dolphin Offshore was founded in 1979 and is based in Mumbai, India. Services in the oil and gas sector include air, mixed gas, and saturation diving, along with underwater operations. Fabrication, installation, and repairs for rigs and ships are handled. Design engineering is conducted, and turnkey EPC contracts are delivered. Capabilities in offshore activities have been developed over decades.
- Headquarters Mumbai, India
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Website dolphinoffshore.com
- Social LinkedIn
- Legal Name Dolphin Offshore Enterprises India Ltd.
- Market Cap₹2,522 Cr
DOLPHIN · NSE
- Share Price₹595.80
-5.51% today
- Revenue₹116 Cr
FY 2025-26 · +57.3% YoY
- EBITDA₹72.37 Cr
Margin 62.2%
- Net Profit₹68.52 Cr
FY 2025-26 · +48.6% YoY
- P/E (TTM)35.0x
P/B 7.1x
- ROE21.9%
ROCE 14.9%
- Debt / Equity0.59
Interest cover 25.1x
- Total Equity Funding$15M (USD)
in 1 rounds
- Latest Funding Round$15M (USD), Private Equity Round
Feb 2006
- Investors
Associated legal entities of Dolphin Offshore
Dolphin Offshore is associated with 2 registered companies on The Company Check; the primary company is Dolphin Offshore Enterprises (India) Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Dolphin Offshore Enterprises (India) Limited Listed CIN L11101MH1979PLC021302 | Active | 17 May 1979 | Mumbai, Maharashtra | ₹77.1 Cr | 167 | 8 | View details |
| Dolphin Offshore Shipping Limited CIN U51900MH1990PLC057967 | Active | 03 Sep 1990 | Mumbai, Maharashtra | ₹0.1 Cr | 51 | 3 | View details |
Funding Insights of Dolphin Offshore
Dolphin Offshore has successfully raised a total of $15M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $15 million completed in February 2006. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $15M
- Total Rounds 1
- Last Round Private Equity Round — $15M
- First Round $15M
(Feb 2006)
- Investors Count 1
All 1 funding rounds of Dolphin Offshore with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2006 | $15M | Private Equity Round | – | – |
1 investors in total: 1 institutional.
Investors in Dolphin Offshore
Dolphin Offshore has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Clearwater Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on multiple sectors | 2001 | clearwatercapitalpartners.com | Wilton, United States |
Investor details for Dolphin Offshore
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Dolphin Offshore Enterprises (India) Limited (Dolphin Offshore)
Dolphin Offshore Enterprises (India) Limited is the primary company behind Dolphin Offshore. The boards of the 2 registered companies of Dolphin Offshore currently have 7 directors; the longest-serving is Dharen Savla, appointed in 2022. 41 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dharen Savla DIN 00145587 | Director | 15 Nov 2022 | 3 yrs 11 mo | Dolphin Offshore Enterprises (India) Limited, Dolphin Offshore Shipping Limited |
| Shaily Jatin Dedhia DIN 08853685 | Director | 15 Dec 2022 | 3 yrs 10 mo | Dolphin Offshore Enterprises (India) Limited |
| Rupesh Kantilal Savla DIN 00126303 | Managing Director | 07 Dec 2023 | 2 yrs 10 mo | Dolphin Offshore Enterprises (India) Limited, Dolphin Offshore Shipping Limited |
| Rohan Vasantkumar Shah DIN 09154526 | Director | 07 Dec 2023 | 2 yrs 10 mo | Dolphin Offshore Enterprises (India) Limited |
| Parasbhai Shantilal Savla DIN 00145639 | Director | 07 Nov 2024 | 1 yr 11 mo | Dolphin Offshore Shipping Limited |
| Shivangi Digant Shah DIN 11200412 | Director | 22 Jul 2025 | 1 yr 3 mo | Dolphin Offshore Enterprises (India) Limited |
| Vinit Rameshchandra Mundra DIN 11597227 | Director | 12 Mar 2026 | 7 mo | Dolphin Offshore Enterprises (India) Limited |
People of Dolphin Offshore
1 people are tracked at Dolphin Offshore (1 in leadership).
| Name | Role | Group |
|---|---|---|
| CEO & MD | Leadership |
Complete people profiles for Dolphin Offshore
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Dolphin Offshore
Dolphin Offshore is a publicly listed company on the NSE with ticker symbol DOLPHIN in India, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date21 Aug 2023
- Listed onNSE: DOLPHIN
- Listed entityDolphin Offshore Enterprises India Ltd.
- Exchange sectorIndustrial services
- ISININE920A01037
- Share price₹632.15 (-0.86% on the day) · 2026-10-14
- Market capitalisation₹2,554 Cr
- Price to earnings35.1
- EPS (diluted, trailing year)₹18.00
- Volume (last session)16,392
Financials of Dolphin Offshore
Exchange-reported figures of Dolphin Offshore Enterprises (India) Limited, the listed company behind Dolphin Offshore (NSE: DOLPHIN).
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 116 | 74.02 | 6.47 | 0.00 | 0.00 | 168 | 208 |
| Revenue growth | +57.3% | +1044.1% | - | - | - | -19.2% | - |
| EBITDA | 72.37 | 45.88 | (3.51) | (107) | (0.77) | 39.97 | 18.51 |
| EBITDA margin | +62.2% | +62.0% | -54.3% | - | - | +23.8% | +8.9% |
| Profit before tax | 59.90 | 47.56 | 0.26 | 36.11 | (14.29) | (7.71) | (11.72) |
| Net profit | 68.52 | 46.12 | 6.41 | (8.58) | (14.29) | (8.63) | 10.00 |
| Net profit margin | +58.9% | +62.3% | +99.1% | - | - | -5.2% | +4.8% |
| EPS (₹) | 17.13 | 11.62 | 1.39 | 114.32 | (8.52) | 0.00 | 0.00 |
| Balance sheet | |||||||
| Total assets | 557 | 437 | 222 | 195 | 174 | 648 | 649 |
| Net worth | 353 | 272 | 221 | 177 | 42.01 | 582 | 590 |
| Total debt | 203 | 165 | 1.16 | 18.03 | 131 | 63.84 | 58.15 |
| Cash & bank | 9.96 | 8.42 | 0.23 | 0.68 | 0.23 | 14.96 | 10.45 |
| Net working capital | 198 | 182 | 153 | 138 | 53.22 | 317 | 284 |
| Cash flow | |||||||
| Cash from operations | 45.34 | 10.47 | 3.53 | (4.42) | (0.86) | 22.50 | (7.75) |
| Cash from investing | (74.91) | (167) | (23.57) | 0.07 | 0.00 | (6.50) | 21.87 |
| Cash from financing | 31.11 | 164 | 19.56 | 4.80 | 0.80 | (18.29) | (13.41) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 42.85 | 45.36 | 30.00 | 24.62 | 16.44 | 20.44 | 28.50 | 16.73 |
| Revenue growth (YoY) | +160.6% | +121.9% | +5.3% | +47.2% | +97.1% | - | - | - |
| Other income | 0.03 | 11.67 | 1.70 | 4.04 | 0.00 | (0.19) | 1.12 | 0.29 |
| EBITDA | 25.31 | 12.29 | 22.47 | 22.00 | 15.62 | 11.33 | 15.71 | 12.68 |
| EBITDA margin | +59.1% | +27.1% | +74.9% | +89.4% | +95.0% | +55.4% | +55.1% | +75.8% |
| Depreciation | 4.89 | 4.94 | 4.59 | 3.77 | 2.34 | 0.00 | 0.07 | 0.07 |
| Interest | 3.96 | 4.87 | 3.60 | 3.30 | 2.47 | 0.86 | 0.27 | 0.05 |
| Profit before tax | 16.49 | 14.15 | 15.98 | 18.97 | 10.81 | 10.28 | 16.49 | 12.85 |
| Tax | 1.68 | (14.18) | 2.70 | 3.37 | (0.52) | (0.16) | 0.93 | (0.07) |
| Net profit | 14.81 | 28.33 | 13.28 | 15.60 | 11.33 | 10.44 | 15.56 | 12.92 |
| EPS (₹) | 3.70 | 7.08 | 3.32 | 3.90 | 2.83 | 2.61 | 3.89 | 3.23 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 11.73 | 14.88 | 6.47 | 0.00 | 0.00 | 54.81 | 62.21 |
| Revenue growth | -21.2% | +130.0% | - | - | - | -11.9% | - |
| EBITDA | 5.81 | (0.19) | (3.34) | (107) | (0.76) | (3.31) | (25.89) |
| EBITDA margin | +49.5% | -1.3% | -51.6% | - | - | -6.0% | -41.6% |
| Profit before tax | 26.17 | 4.32 | 0.43 | 42.37 | (2.44) | (19.40) | (41.10) |
| Net profit | 37.53 | 2.80 | 6.58 | (2.32) | (2.44) | (17.19) | (14.81) |
| Net profit margin | +320.0% | +18.8% | +101.7% | - | - | -31.4% | -23.8% |
| EPS (₹) | 9.38 | 0.81 | 1.44 | 134.12 | (1.46) | 0.00 | 0.00 |
| Balance sheet | |||||||
| Total assets | 375 | 200 | 150 | 123 | 103 | 189 | 176 |
| Net worth | 190 | 153 | 149 | 105 | (29.57) | 95.47 | 112 |
| Total debt | 185 | 47.36 | 1.16 | 18.03 | 131 | 92.69 | 63.40 |
| Cash & bank | 4.80 | 0.06 | 0.07 | 0.53 | 0.09 | 14.14 | 7.19 |
| Net working capital | 119 | 114 | 127 | 110 | 28.70 | 106 | 92.64 |
| Cash flow | |||||||
| Cash from operations | 6.32 | 1.01 | 1.60 | (4.43) | (0.86) | (11.05) | 4.19 |
| Cash from investing | (138) | (47.93) | (21.64) | 0.07 | 0.00 | (4.99) | 3.78 |
| Cash from financing | 137 | 46.91 | 19.56 | 4.80 | 0.80 | 16.19 | (8.04) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.46 | 5.25 | 5.63 | 0.45 | 0.40 | 3.56 | 11.33 | 0.00 |
| Revenue growth (YoY) | +515.0% | +47.5% | -50.3% | - | - | - | - | - |
| Other income | 4.78 | 15.75 | 4.18 | 6.20 | 1.92 | 1.31 | 2.03 | 0.68 |
| Total expenses | 2.13 | 4.68 | 0.32 | 0.56 | 0.36 | 4.67 | 9.34 | 0.69 |
| EBITDA | 0.33 | 0.57 | 5.31 | (0.11) | 0.04 | (1.11) | 1.99 | (0.69) |
| EBITDA margin | +13.4% | +10.9% | +94.3% | -24.4% | +10.0% | -31.2% | +17.6% | - |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.07 |
| Interest | 3.90 | 3.32 | 1.74 | 1.40 | 1.24 | 0.84 | 0.26 | 0.04 |
| Profit before tax | 1.21 | 13.00 | 7.75 | 4.69 | 0.72 | (0.64) | 3.69 | (0.12) |
| Tax | 0.31 | (13.97) | 1.95 | 1.18 | (0.52) | (0.16) | 0.93 | (0.07) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 42.85 | 45.36 | 30.00 | 24.62 | 16.44 | 20.44 | 28.50 | 16.73 |
| Revenue growth (YoY) | +160.6% | +121.9% | +5.3% | +47.2% | +97.1% | - | - | - |
| Other income | 0.03 | 11.67 | 1.70 | 4.04 | 0.00 | (0.19) | 1.12 | 0.29 |
| EBITDA | 25.31 | 12.29 | 22.47 | 22.00 | 15.62 | 11.33 | 15.71 | 12.68 |
| EBITDA margin | +59.1% | +27.1% | +74.9% | +89.4% | +95.0% | +55.4% | +55.1% | +75.8% |
| Depreciation | 4.89 | 4.94 | 4.59 | 3.77 | 2.34 | 0.00 | 0.07 | 0.07 |
| Interest | 3.96 | 4.87 | 3.60 | 3.30 | 2.47 | 0.86 | 0.27 | 0.05 |
| Profit before tax | 16.49 | 14.15 | 15.98 | 18.97 | 10.81 | 10.28 | 16.49 | 12.85 |
| Tax | 1.68 | (14.18) | 2.70 | 3.37 | (0.52) | (0.16) | 0.93 | (0.07) |
| Net profit | 14.81 | 28.33 | 13.28 | 15.60 | 11.33 | 10.44 | 15.56 | 12.92 |
| EPS (₹) | 3.70 | 7.08 | 3.32 | 3.90 | 2.83 | 2.61 | 3.89 | 3.23 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Revenue | 116 | 74.02 | 6.47 | 0.00 | 0.00 | 168 | 208 |
| Revenue growth | +57.3% | +1044.1% | - | - | - | -19.2% | - |
| Other income | 17.42 | 3.10 | 6.08 | 151 | 0.00 | 0.83 | 22.61 |
| Total expenses | 44.05 | 28.14 | 9.98 | 107 | 0.77 | 128 | 189 |
| Employee cost | 0.75 | 0.33 | 0.21 | 0.00 | 0.00 | 15.95 | 16.39 |
| EBITDA | 72.37 | 45.88 | (3.51) | (107) | (0.77) | 39.97 | 18.51 |
| EBITDA margin | +62.2% | +62.0% | -54.3% | - | - | +23.8% | +8.9% |
| Depreciation | 15.65 | 0.21 | 1.38 | 7.51 | 13.52 | 35.88 | 42.41 |
| Interest | 14.24 | 1.21 | 0.93 | 0.42 | 0.00 | 12.63 | 10.43 |
| Profit before tax | 59.90 | 47.56 | 0.26 | 36.11 | (14.29) | (7.71) | (11.72) |
| Tax | (8.62) | 1.09 | (5.31) | 0.00 | 0.00 | 0.92 | (0.60) |
| Net profit | 68.52 | 46.12 | 6.41 | (8.58) | (14.29) | (8.63) | 10.00 |
| Net profit margin | +58.9% | +62.3% | +99.1% | - | - | -5.2% | +4.8% |
| EPS (₹) | 17.13 | 11.62 | 1.39 | 114.32 | (8.52) | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 4.00 | 4.00 | 4.00 | 3.16 | 16.77 | 16.77 | 16.77 |
| Reserves & surplus | 349 | 268 | 217 | 174 | 25.24 | 566 | 573 |
| Shareholders' funds (net worth) | 353 | 272 | 221 | 177 | 42.01 | 582 | 590 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.10 |
| Secured loans | 203 | 165 | 0.00 | 0.00 | 79.99 | 42.12 | 45.75 |
| Unsecured loans | 0.00 | 0.00 | 1.16 | 18.03 | 51.47 | 21.72 | 12.40 |
| Total debt | 203 | 165 | 1.16 | 18.03 | 131 | 63.84 | 58.15 |
| Total liabilities | 557 | 437 | 222 | 195 | 174 | 648 | 649 |
| Assets | |||||||
| Gross block | 325 | 1.92 | 3.70 | 264 | 275 | 365 | 364 |
| Net block | 309 | 1.11 | 2.62 | 57.72 | 65.94 | 289 | 324 |
| Capital work in progress | 0.00 | 222 | 46.55 | 0.00 | 0.00 | 0.13 | 0.13 |
| Investments | 33.79 | 27.39 | 14.68 | 0.00 | 19.95 | 0.02 | 0.02 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 6.03 | 7.55 | 7.69 |
| Sundry debtors | 233 | 197 | 141 | 143 | 146 | 292 | 232 |
| Cash & bank balances | 9.96 | 8.42 | 0.23 | 0.68 | 0.23 | 14.96 | 10.45 |
| Loans & advances | 6.19 | 0.34 | 16.42 | 0.00 | 65.49 | 147 | 138 |
| Total current assets | 249 | 206 | 158 | 143 | 217 | 462 | 388 |
| Total current liabilities | 51.05 | 24.03 | 4.97 | 5.60 | 164 | 145 | 104 |
| Net working capital | 198 | 182 | 153 | 138 | 53.22 | 317 | 284 |
| Total assets | 557 | 437 | 222 | 195 | 174 | 648 | 649 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Opening cash | 8.36 | 0.16 | 0.64 | 0.20 | 0.25 | 3.32 | 2.61 |
| Net cash from operating activities | 45.34 | 10.47 | 3.53 | (4.42) | (0.86) | 22.50 | (7.75) |
| Net cash from investing activities | (74.91) | (167) | (23.57) | 0.07 | 0.00 | (6.50) | 21.87 |
| Net cash from financing activities | 31.11 | 164 | 19.56 | 4.80 | 0.80 | (18.29) | (13.41) |
| Net change in cash | 1.54 | 8.20 | (0.48) | 0.45 | (0.06) | (2.29) | 0.71 |
| Closing cash | 9.96 | 8.42 | 0.23 | 0.68 | 0.23 | 14.96 | 10.45 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +57.3% | +1044.1% | - | - | - | -19.2% | - |
| EBITDA growth | +57.7% | +1407.1% | +96.7% | - | - | +115.9% | - |
| PBT growth | +26.0% | - | -99.3% | +9998.0% | -85.3% | +34.2% | - |
| Net income growth | +48.6% | +619.5% | +174.7% | +40.0% | - | -186.3% | - |
| Revenue CAGR (3Y) | - | - | -66.2% | -100.0% | -100.0% | -5.1% | -16.6% |
| EBITDA CAGR (3Y) | - | - | - | - | - | -14.9% | -41.6% |
| Profitability & leverage | |||||||
| Net income margin | +58.9% | +62.8% | +86.1% | - | - | -5.2% | -5.4% |
| Return on capital employed | +14.9% | +14.2% | +0.8% | -4.0% | 0.0% | +0.8% | +4.0% |
| Return on net worth | +21.9% | +17.8% | +2.8% | -6.7% | 0.0% | -1.5% | +1.9% |
| Debt / equity | 0.59 | 0.34 | 0.05 | 0.68 | 3.13 | 0.10 | 0.11 |
| Long-term debt / equity | 0.59 | 0.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 25.11 | 2.65 | -19.02 | -0.37 | 0.00 | 308.80 | -43.64 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.71 | 26.34 | 0.05 | 0.00 | 0.00 | 0.46 | 0.58 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 22.01 | 25.20 |
| Debtors turnover | 0.54 | 0.44 | 0.05 | 0.00 | 0.00 | 0.64 | 0.88 |
| EPS (₹) | 17.13 | 11.62 | 1.39 | 114.32 | (8.52) | 0.00 | 0.00 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 88.35 | 68.09 | 55.32 | 561.43 | 25.05 | 347.22 | 351.85 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.46 | 5.25 | 5.63 | 0.45 | 0.40 | 3.56 | 11.33 | 0.00 |
| Revenue growth (YoY) | +515.0% | +47.5% | -50.3% | - | - | - | - | - |
| Other income | 4.78 | 15.75 | 4.18 | 6.20 | 1.92 | 1.31 | 2.03 | 0.68 |
| Total expenses | 2.13 | 4.68 | 0.32 | 0.56 | 0.36 | 4.67 | 9.34 | 0.69 |
| EBITDA | 0.33 | 0.57 | 5.31 | (0.11) | 0.04 | (1.11) | 1.99 | (0.69) |
| EBITDA margin | +13.4% | +10.9% | +94.3% | -24.4% | +10.0% | -31.2% | +17.6% | - |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.07 |
| Interest | 3.90 | 3.32 | 1.74 | 1.40 | 1.24 | 0.84 | 0.26 | 0.04 |
| Profit before tax | 1.21 | 13.00 | 7.75 | 4.69 | 0.72 | (0.64) | 3.69 | (0.12) |
| Tax | 0.31 | (13.97) | 1.95 | 1.18 | (0.52) | (0.16) | 0.93 | (0.07) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Revenue | 11.73 | 14.88 | 6.47 | 0.00 | 0.00 | 54.81 | 62.21 |
| Revenue growth | -21.2% | +130.0% | - | - | - | -11.9% | - |
| Other income | 28.06 | 5.89 | 6.08 | 151 | 0.00 | 0.76 | 2.27 |
| Total expenses | 5.92 | 15.07 | 9.81 | 107 | 0.76 | 58.12 | 88.10 |
| Employee cost | 0.29 | 0.33 | 0.21 | 0.00 | 0.00 | 10.45 | 11.17 |
| EBITDA | 5.81 | (0.19) | (3.34) | (107) | (0.76) | (3.31) | (25.89) |
| EBITDA margin | +49.5% | -1.3% | -51.6% | - | - | -6.0% | -41.6% |
| Depreciation | 0.00 | 0.21 | 1.38 | 1.25 | 1.68 | 3.20 | 6.43 |
| Interest | 7.70 | 1.17 | 0.93 | 0.42 | 0.00 | 13.65 | 11.05 |
| Profit before tax | 26.17 | 4.32 | 0.43 | 42.37 | (2.44) | (19.40) | (41.10) |
| Tax | (11.36) | 1.09 | (5.31) | 0.00 | 0.00 | (2.21) | (1.97) |
| Net profit | 37.53 | 2.80 | 6.58 | (2.32) | (2.44) | (17.19) | (14.81) |
| Net profit margin | +320.0% | +18.8% | +101.7% | - | - | -31.4% | -23.8% |
| EPS (₹) | 9.38 | 0.81 | 1.44 | 134.12 | (1.46) | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 4.00 | 4.00 | 4.00 | 3.16 | 16.77 | 16.77 | 16.77 |
| Reserves & surplus | 186 | 149 | 145 | 102 | (46.34) | 78.70 | 95.42 |
| Shareholders' funds (net worth) | 190 | 153 | 149 | 105 | (29.57) | 95.47 | 112 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 79.99 | 39.86 | 45.30 |
| Unsecured loans | 185 | 47.36 | 1.16 | 18.03 | 51.47 | 52.83 | 18.10 |
| Total debt | 185 | 47.36 | 1.16 | 18.03 | 131 | 92.69 | 63.40 |
| Total liabilities | 375 | 200 | 150 | 123 | 103 | 189 | 176 |
| Assets | |||||||
| Gross block | 1.12 | 1.11 | 2.89 | 25.02 | 36.05 | 35.93 | 35.93 |
| Net block | 1.11 | 1.11 | 2.61 | 13.06 | 18.76 | 26.32 | 29.52 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.23 | 0.23 | 14.91 | 0.11 | 20.07 | 20.02 | 19.99 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 6.03 | 6.03 | 6.69 |
| Sundry debtors | 113 | 117 | 115 | 115 | 121 | 96.94 | 72.74 |
| Cash & bank balances | 4.80 | 0.06 | 0.07 | 0.53 | 0.09 | 14.14 | 7.19 |
| Loans & advances | 19.87 | 3.25 | 17.46 | 0.00 | 65.49 | 97.84 | 102 |
| Total current assets | 138 | 120 | 132 | 115 | 193 | 215 | 188 |
| Total current liabilities | 18.36 | 5.75 | 4.85 | 5.58 | 164 | 109 | 95.54 |
| Net working capital | 119 | 114 | 127 | 110 | 28.70 | 106 | 92.64 |
| Total assets | 375 | 200 | 150 | 123 | 103 | 189 | 176 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.00 | 0.01 | 0.49 | 0.05 | 0.11 | 0.06 | 0.14 |
| Net cash from operating activities | 6.32 | 1.01 | 1.60 | (4.43) | (0.86) | (11.05) | 4.19 |
| Net cash from investing activities | (138) | (47.93) | (21.64) | 0.07 | 0.00 | (4.99) | 3.78 |
| Net cash from financing activities | 137 | 46.91 | 19.56 | 4.80 | 0.80 | 16.19 | (8.04) |
| Net change in cash | 4.74 | (0.01) | (0.48) | 0.44 | (0.06) | 0.15 | (0.07) |
| Closing cash | 4.80 | 0.06 | 0.07 | 0.53 | 0.09 | 14.14 | 7.19 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -21.2% | +130.0% | - | - | - | -11.9% | - |
| EBITDA growth | +3157.9% | +94.3% | +96.9% | - | - | +87.2% | - |
| PBT growth | +505.8% | +904.7% | -99.0% | +9998.0% | +87.4% | +52.8% | -72.4% |
| Net income growth | +1240.4% | -57.5% | +383.6% | +4.9% | - | -16.1% | - |
| Revenue CAGR (3Y) | - | - | -51.0% | -100.0% | -100.0% | +3.2% | -35.7% |
| EBITDA CAGR (3Y) | - | -37.0% | +0.3% | +60.7% | -67.9% | -57.1% | -0.7% |
| Profitability & leverage | |||||||
| Net income margin | +320.0% | +21.7% | +88.7% | - | - | -31.4% | -62.9% |
| Return on capital employed | +9.4% | +2.1% | +0.9% | -1.2% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +15.4% | +1.3% | +2.9% | -2.6% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.68 | 0.16 | 0.08 | 1.98 | 0.00 | 0.75 | 0.48 |
| Long-term debt / equity | 0.68 | 0.16 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Interest cover | 132.53 | -292.50 | -19.70 | -0.39 | 0.00 | -209.68 | -34.19 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 10.52 | 7.44 | 0.46 | 0.00 | 0.00 | 1.53 | 1.20 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.62 | 8.48 |
| Debtors turnover | 0.10 | 0.13 | 0.06 | 0.00 | 0.00 | 0.65 | 0.67 |
| EPS (₹) | 9.38 | 0.81 | 1.44 | 134.12 | (1.46) | 0.00 | 0.00 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 47.51 | 38.12 | 37.31 | 332.34 | (17.63) | 56.92 | 66.89 |
Timeline of Dolphin Offshore
3 dated milestones of Dolphin Offshore across 44 years, from founding to its latest funding, stage changes and deals.
- Founded Dolphin Offshore is founded.
- Funding First funding round of $15.0M.
- IPO Lists on the stock exchange (IPO).
Web traffic of Dolphin Offshore
The website of Dolphin Offshore (dolphinoffshore.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▼ 17.2% vs previous month
Websites whose visitors overlap most with Dolphin Offshore. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
dwsw.com | dwsw.com | 100% | – | – | – |
| visualsoft.ltd.uk | 100% | – | – | View details | |
deepsea-eng.com | deepsea-eng.com | 100% | – | – | – |
| welaptega.com | 100% | – | – | View details | |
| oilstates.com | 100% | 20.2K | #1,171,847 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for Dolphin Offshore
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- 17 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Oil & Gas Equipment & Services
10 companies that operate in the same segment as Dolphin Offshore (Oil & Gas Equipment & Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Potato farming, grain marketing, and equipment services in Maine. | 2000 | Gurugram, Haryana, India | – | – | – | |
Gas equipment manufacturing, repair, and engineering services are provided. | 1859 | Canton, Ohio, United States | – | USD 4.16 B | 11,930 | |
Manufacturer of polycrystalline diamond compact drill bits | 1978 | Houston, Texas, United States | – | USD 4.83 B | 9,200 | |
USA Compression is engaged in providing gas compression services. | 1998 | Austin, Texas, United States | – | USD 998.1 M | 854 | |
Drilling and oilfield products are provided to the energy sector. | 2005 | Houston, Texas, United States | USD 28.51 M | USD 791.47 M | 937 | |
Science, technology, and engineering solutions are delivered worldwide by KBR. | 1919 | Houston, Texas, United States | – | USD 7.79 B | 38,000 | |
Industrial equipment and service solutions are provided for various sectors. | 1965 | Houston, Texas, United States | – | – | 631 | |
Sustainable energy infrastructure is designed, deployed, and serviced globally. | 1980 | Calgary, Alberta, Canada | USD 12.43 M | USD 2.62 B | 4,600 | |
Provider of hydraulic fracturing, coiled tubing, and cementing services | 1999 | Calgary, Alberta, Canada | – | USD 1.02 B | 2,200 | |
Offshore support vessel services are provided by Wintermar. | 1970 | Jakarta, Jakarta, Indonesia | – | USD 80.16 M | 245 |
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Related news about Dolphin Offshore
Complete news archive for Dolphin Offshore
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Frequently Asked Questions about Dolphin Offshore
Dolphin Offshore was founded in 1979 and raised its 1st funding round 27 years after it was founded.
Dolphin Offshore is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Satpal Singh is the current CEO of Dolphin Offshore.
Dolphin Offshore is a funded company, having raised a total of $15M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $15M, raised on Feb 2006.
The primary company behind Dolphin Offshore, Dolphin Offshore Enterprises (India) Limited, reported revenue of ₹77.12 Cr for FY 2025, up 603% year on year.
Dolphin Offshore was founded in 1979 and is based in Mumbai, India. Services in the oil and gas sector include air, mixed gas, and saturation diving, along with underwater operations. Fabrication, installation, and repairs for rigs and ships are handled. Design engineering is conducted, and turnkey EPC contracts are delivered. Capabilities in offshore activities have been developed over decades.
Yes, Dolphin Offshore is publicly traded on NSE under the ticker symbol DOLPHIN.
Dolphin Offshore has 1 investor. Key investors include Clearwater Capital Partners.
Dolphin Offshore is associated with 2 legal entities: Dolphin Offshore Enterprises (India) Limited, Dolphin Offshore Shipping Limited.
The legal entities of Dolphin Offshore currently have 11 directors, including Dharen Savla, Shaily Jatin Dedhia, Shivangi Digant Shah and others.
