About Dolfin Rubbers Limited
Data last updated:
Dolfin Rubbers Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 12 October 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L25112PB1995PLC017160. Its GSTIN is 03AAACD5798B3ZU (Punjab). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 542013.
The company has an authorised share capital of ₹10.2 Cr and a paid-up capital of ₹10.03 Cr. It is led by directors including Surinder Pal Singh (Managing Director) and Kawaljit Singh (Managing Director).
Its last annual general meeting (AGM) was held on 09 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 26 – A Bhai Randhir Singh Nagar, Ludhiana, Punjab, India – 141012.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹186.06 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹4.95 Cr (net margin 2.7%) and EBITDA of ₹9.01 Cr (EBITDA margin 4.8%). The net worth stands at ₹38.92 Cr (up 16.6% YoY). Total assets are valued at ₹68.86 Cr (up 10.6% YoY).
As per MCA filings, the company has open charges of ₹27.02 Cr and satisfied charges of ₹73.74 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dolfin.co.in.
Company details
Contact details
Dolfin Rubbers Limited's registered office is in Ludhiana, Punjab. Its website is dolfin.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address26 – A Bhai Randhir Singh Nagar, Ludhiana, Punjab, India – 141012
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Dolfin Rubbers Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Dolfin Rubbers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Dolfin Rubbers Limited, buy the company report.
Financials of Dolfin Rubbers Limited
FY 2025-26 filings availableDolfin Rubbers Limited reported revenue of ₹186.06 Cr (up 18% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue 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 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 186 | 158 | 138 | 112 | 88.04 | 86.18 | 78.96 |
| Revenue growth | +18.0% | +14.0% | +23.1% | +27.6% | +2.2% | +9.1% | - |
| EBITDA | 9.01 | 9.41 | 8.72 | 6.56 | 5.53 | 4.84 | 4.12 |
| EBITDA margin | +4.8% | +6.0% | +6.3% | +5.8% | +6.3% | +5.6% | +5.2% |
| Profit before tax | 7.03 | 7.16 | 6.62 | 4.52 | 3.85 | 4.04 | 3.47 |
| Net profit | 4.95 | 5.05 | 4.75 | 3.33 | 2.80 | 2.84 | 2.57 |
| Net profit margin | +2.7% | +3.2% | +3.4% | +3.0% | +3.2% | +3.3% | +3.3% |
| EPS (₹) | 5.52 | 5.11 | 4.73 | 3.30 | 3.73 | 3.77 | 3.41 |
| Balance sheet | |||||||
| Total assets | 68.86 | 62.26 | 52.45 | 47.34 | 38.80 | 33.60 | 24.55 |
| Net worth | 38.92 | 33.39 | 28.28 | 24.67 | 21.57 | 19.69 | 17.61 |
| Total debt | 18.61 | 17.89 | 14.65 | 13.07 | 10.38 | 11.11 | 4.38 |
| Cash & bank | 0.91 | 0.86 | 0.83 | 0.81 | 0.27 | 0.25 | 0.17 |
| Net working capital | 39.60 | 36.28 | 28.62 | 25.51 | 19.31 | 16.04 | 9.91 |
| Cash flow | |||||||
| Cash from operations | 4.83 | 4.47 | 5.47 | 1.92 | 2.06 | 1.54 | 2.33 |
| Cash from investing | (4.09) | (3.62) | (3.61) | (3.74) | (3.39) | (2.39) | (3.88) |
| Cash from financing | (0.69) | (0.81) | (1.85) | 2.37 | 1.35 | 0.94 | 1.55 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 52.57 | 48.60 | 41.02 | 39.90 | 40.23 | 39.41 | 31.84 | 33.70 |
| Revenue growth (YoY) | +30.7% | +23.3% | +28.8% | +18.4% | +4.1% | - | - | - |
| Other income | 0.12 | 0.27 | 0.51 | 0.10 | 0.07 | 0.11 | 0.22 | 0.01 |
| Total expenses | 49.24 | 46.07 | 39.03 | 38.07 | 37.56 | 36.63 | 30.13 | 31.73 |
| EBITDA | 3.33 | 2.53 | 1.99 | 1.83 | 2.67 | 2.78 | 1.71 | 1.97 |
| EBITDA margin | +6.3% | +5.2% | +4.9% | +4.6% | +6.6% | +7.1% | +5.4% | +5.8% |
| Depreciation | 0.51 | 0.48 | 0.47 | 0.45 | 0.44 | 0.43 | 0.43 | 0.50 |
| Interest | 0.34 | 0.22 | 0.30 | 0.26 | 0.31 | 0.29 | 0.24 | 0.15 |
| Profit before tax | 2.60 | 2.10 | 1.73 | 1.22 | 1.99 | 2.17 | 1.26 | 1.33 |
| Tax | 0.64 | 0.47 | 0.19 | 0.14 | 0.70 | 0.63 | 0.54 | 0.28 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 52.57 | 48.60 | 41.02 | 39.90 | 40.23 | 39.41 | 31.84 | 33.70 |
| Revenue growth (YoY) | +30.7% | +23.3% | +28.8% | +18.4% | +4.1% | - | - | - |
| Other income | 0.12 | 0.27 | 0.51 | 0.10 | 0.07 | 0.11 | 0.22 | 0.01 |
| Total expenses | 49.24 | 46.07 | 39.03 | 38.07 | 37.56 | 36.63 | 30.13 | 31.73 |
| EBITDA | 3.33 | 2.53 | 1.99 | 1.83 | 2.67 | 2.78 | 1.71 | 1.97 |
| EBITDA margin | +6.3% | +5.2% | +4.9% | +4.6% | +6.6% | +7.1% | +5.4% | +5.8% |
| Depreciation | 0.51 | 0.48 | 0.47 | 0.45 | 0.44 | 0.43 | 0.43 | 0.50 |
| Interest | 0.34 | 0.22 | 0.30 | 0.26 | 0.31 | 0.29 | 0.24 | 0.15 |
| Profit before tax | 2.60 | 2.10 | 1.73 | 1.22 | 1.99 | 2.17 | 1.26 | 1.33 |
| Tax | 0.64 | 0.47 | 0.19 | 0.14 | 0.70 | 0.63 | 0.54 | 0.28 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 186 | 158 | 138 | 112 | 88.04 | 86.18 | 78.96 |
| Revenue growth | +18.0% | +14.0% | +23.1% | +27.6% | +2.2% | +9.1% | - |
| Other income | 0.95 | 0.43 | 0.47 | 0.14 | 0.23 | 0.15 | 0.18 |
| Total expenses | 177 | 148 | 130 | 106 | 82.51 | 81.34 | 74.84 |
| Employee cost | 21.05 | 17.63 | 14.35 | 11.96 | 11.56 | 8.84 | 9.11 |
| EBITDA | 9.01 | 9.41 | 8.72 | 6.56 | 5.53 | 4.84 | 4.12 |
| EBITDA margin | +4.8% | +6.0% | +6.3% | +5.8% | +6.3% | +5.6% | +5.2% |
| Depreciation | 1.84 | 1.73 | 1.51 | 1.30 | 1.15 | 0.83 | 0.72 |
| Interest | 1.09 | 0.95 | 1.06 | 0.88 | 0.76 | 0.12 | 0.11 |
| Profit before tax | 7.03 | 7.16 | 6.62 | 4.52 | 3.85 | 4.04 | 3.47 |
| Tax | 1.49 | 2.04 | 1.87 | 1.20 | 1.05 | 1.19 | 0.91 |
| Net profit | 4.95 | 5.05 | 4.75 | 3.33 | 2.80 | 2.84 | 2.57 |
| Net profit margin | +2.7% | +3.2% | +3.4% | +3.0% | +3.2% | +3.3% | +3.3% |
| EPS (₹) | 5.52 | 5.11 | 4.73 | 3.30 | 3.73 | 3.77 | 3.41 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.03 | 10.03 | 10.03 | 10.03 | 7.52 | 7.52 | 7.52 |
| Reserves & surplus | 28.89 | 23.36 | 18.25 | 14.64 | 14.05 | 12.17 | 10.09 |
| Shareholders' funds (net worth) | 38.92 | 33.39 | 28.28 | 24.67 | 21.57 | 19.69 | 17.61 |
| Secured loans | 16.68 | 16.81 | 12.90 | 12.02 | 8.86 | 9.04 | 3.40 |
| Unsecured loans | 1.93 | 1.08 | 1.75 | 1.05 | 1.52 | 2.07 | 0.98 |
| Total debt | 18.61 | 17.89 | 14.65 | 13.07 | 10.38 | 11.11 | 4.38 |
| Total liabilities | 68.86 | 62.26 | 52.45 | 47.34 | 38.80 | 33.60 | 24.55 |
| Assets | |||||||
| Gross block | 29.01 | 26.17 | 25.15 | 27.54 | 24.79 | 22.52 | 14.96 |
| Net block | 29.01 | 26.17 | 25.15 | 20.19 | 18.71 | 17.58 | 10.62 |
| Capital work in progress | 0.95 | 0.27 | 0.00 | 2.18 | 1.13 | 0.00 | 3.96 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 33.09 | 25.40 | 19.79 | 16.44 | 12.96 | 7.62 | 3.16 |
| Sundry debtors | 15.70 | 17.62 | 15.37 | 15.05 | 11.70 | 12.28 | 11.44 |
| Cash & bank balances | 0.91 | 0.86 | 0.83 | 0.81 | 0.27 | 0.25 | 0.17 |
| Loans & advances | 1.37 | 1.31 | 0.91 | 2.22 | 0.97 | 1.63 | 0.74 |
| Total current assets | 51.07 | 45.19 | 36.90 | 34.52 | 25.90 | 21.78 | 15.51 |
| Total current liabilities | 11.47 | 8.91 | 8.28 | 9.01 | 6.59 | 5.74 | 5.60 |
| Net working capital | 39.60 | 36.28 | 28.62 | 25.51 | 19.31 | 16.04 | 9.91 |
| Total assets | 68.86 | 62.26 | 52.45 | 47.34 | 38.80 | 33.60 | 24.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.86 | 0.83 | 0.81 | 0.27 | 0.25 | 0.17 | 0.17 |
| Net cash from operating activities | 4.83 | 4.47 | 5.47 | 1.92 | 2.06 | 1.54 | 2.33 |
| Net cash from investing activities | (4.09) | (3.62) | (3.61) | (3.74) | (3.39) | (2.39) | (3.88) |
| Net cash from financing activities | (0.69) | (0.81) | (1.85) | 2.37 | 1.35 | 0.94 | 1.55 |
| Net change in cash | 0.05 | 0.03 | 0.02 | 0.54 | 0.02 | 0.08 | 0.00 |
| Closing cash | 0.91 | 0.86 | 0.83 | 0.81 | 0.27 | 0.25 | 0.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +18.0% | +14.0% | +23.1% | +27.6% | +2.2% | +9.1% | - |
| EBITDA growth | -4.3% | +7.9% | +32.9% | +18.6% | +14.3% | +17.5% | - |
| PBT growth | -1.8% | +8.2% | +46.5% | +17.4% | -4.7% | +16.4% | +20.5% |
| Net income growth | -2.0% | +6.3% | +42.6% | +18.9% | -1.4% | +10.5% | - |
| Revenue CAGR (3Y) | +18.3% | +21.4% | +17.1% | +12.5% | +7.2% | +15.5% | +20.3% |
| EBITDA CAGR (3Y) | +11.2% | +19.4% | +21.7% | +16.8% | +17.5% | +25.8% | +29.7% |
| Profitability & leverage | |||||||
| Net income margin | +3.0% | +3.3% | +3.4% | +3.0% | +3.2% | +3.3% | +3.2% |
| Return on capital employed | +12.4% | +14.2% | +15.4% | +12.5% | +12.7% | +14.3% | +16.6% |
| Return on net worth | +15.3% | +16.6% | +17.9% | +14.3% | +13.6% | +15.2% | +15.7% |
| Debt / equity | 0.50 | 0.53 | 0.52 | 0.51 | 0.52 | 0.42 | 0.19 |
| Long-term debt / equity | 0.04 | 0.06 | 0.09 | 0.08 | 0.11 | 0.10 | 0.04 |
| Interest cover | 15.20 | 12.37 | 14.70 | 16.73 | 17.35 | 2.99 | 3.24 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 7.76 | 7.22 | 6.18 | 5.07 | 4.42 | 5.41 | 6.74 |
| Inventory turnover | 7.32 | 8.19 | 8.99 | 9.03 | 10.17 | 18.82 | 29.94 |
| Debtors turnover | 12.85 | 11.23 | 10.71 | 9.93 | 8.72 | 8.55 | 8.94 |
| EPS (₹) | 5.52 | 5.11 | 4.73 | 3.30 | 3.73 | 3.77 | 3.41 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 1.20 | 0.00 | 1.20 | 1.00 |
| Book value per share (₹) | 38.80 | 33.29 | 28.19 | 24.60 | 28.67 | 26.18 | 23.41 |
To see the full year-wise statements and ratios of Dolfin Rubbers Limited, buy the company report.
Board of directors of Dolfin Rubbers Limited
Dolfin Rubbers has 10 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ratinder Kaur | Whole-Time Director | 12 Oct 1995 | 31 Years 0 Months | Current |
| Surinder Pal Singh | Managing Director | 06 Dec 1996 | 29 Years 10 Months | Current |
| Amandeep Kaur | Director | 13 Feb 2017 | 9 Years 8 Months | Current |
| Yashul Goyal | Director | 01 Sep 2020 | 6 Years 1 Months | Current |
| Kawaljit Singh | Managing Director | 12 Oct 1995 | 31 Years 0 Months | Current |
| Gurpreet Kaur Also directs: Satva Hitech Private Limited | Director | 11 Feb 2022 | 4 Years 8 Months | Current |
Auditor
Dolfin Rubbers Limited is audited by Ravi Garg & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ravi Garg & Company | FY 2023 | 016998N |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 37.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 62.30%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 37.70% | 37.50% | 37.40% | 37.10% |
| Public | 62.30% | 62.50% | 62.60% | 62.90% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Sep 2026 | 101395007 | Indian Overseas Bank | ₹6 Lakh | Open | |
| 17 Jun 2026 | 101325613 | Indian Overseas Bank | ₹57 Lakh | Open | |
| 05 Jun 2026 | 101319509 | Indian Overseas Bank | ₹13 Lakh | Open | |
| 26 May 2026 | 101311722 | Indian Overseas Bank | ₹34 Lakh | Open | |
| 22 Feb 2024 | 100878106 | Axis Bank Limited | ₹90 Lakh | Open |
To see the full charge records of Dolfin Rubbers Limited, buy the company report.
Total charge records: 26 View all charges
Legal cases
No court or tribunal cases involving Dolfin Rubbers Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Dolfin Rubbers Limited was last rated by Crisil on 31 Oct 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 31 Oct 2019 |
To see the full credit ratings and regulatory alerts of Dolfin Rubbers Limited, buy the company report.
MSME payment delays
Dolfin Rubbers Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 56 overdue payments to 28 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 28)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Majestic International (LDH) | |||
| an individual supplier |
To see the full MSME payment records of Dolfin Rubbers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Dolfin Rubbers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACD5798B3ZU | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dolfin Rubbers Limited, buy the company report.
Recent activity
Dolfin Rubbers Limited has 28 board changes on record since 1995: 19 appointments and 9 cessations. The latest: Satinder Singh Kohli was appointed as Director on 13 Aug 2026.
72 earlier events are in the company report.
Frequently asked questions
Dolfin Rubbers is an active public limited company based in Ludhiana, Punjab, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 12 October 1995 (31+ years old) and is registered under CIN L25112PB1995PLC017160. Listed on BSE: 542013.
Dolfin Rubbers reported revenue of ₹186.06 Cr for FY 2025-26 (up 18% YoY) based on standalone financials.
Dolfin Rubbers has 10 current directors:
- Surinder Pal Singh - Managing Director
- Kawaljit Singh - Managing Director
- Ratinder Kaur - Whole-Time Director
- Kanwaljit Singh - Whole-Time Director
- Amandeep Kaur - Director
- Yashul Goyal - Director
- Gurpreet Kaur - Director
- Jaspreet Kaur - Director
- Soni Rani - Director
- Satinder Singh Kohli - Director
The latest financial statements of Dolfin Rubbers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 09 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Dolfin Rubbers is 03AAACD5798B3ZU, registered in Punjab. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Dolfin Rubbers is L25112PB1995PLC017160. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Dolfin Rubbers is a listed company as per MCA records. Its shares are listed on BSE (code: 542013).
Dolfin Rubbers was incorporated on 12 October 1995, making it 31+ years old. It is registered with the Registrar of Companies, Chandigarh.
Satinder Singh Kohli was appointed as Director on 13 Aug 2026. Soni Rani was appointed as Director on 13 Aug 2026. Tarundeep Singh ceased to be Director on 23 Sep 2024. Dolfin Rubbers has 28 board changes on record in total.
Dolfin Rubbers has 11 MSME Form 1 returns on record between 2019 and 2023, listing 56 overdue payments to 28 micro and small suppliers. The latest return was filed on 05 Nov 2023.
Dolfin Rubbers can be reached through the website dolfin.co.in. Its registered office is in Ludhiana, Punjab, India.