The shares of a Small-Cap company, specializing in providing underwater services to the Indian oil and gas industry, jumped upto 3 percent upon declaring Q1 results with a 97 percent rise in Revenue Year on Year (YoY).
With a market capitalization of Rs. 1,766.40 crores on Wednesday, the shares of Dolphin Offshore Enterprises (India) Ltd jumped upto 2.4 percent, making a high of Rs. 460.00 per share compared to its previous closing price of Rs. 449.05 per share. Dolphin Offshore Enterprises (India) Ltd, engaged in providing underwater services to the Indian oil and gas industry, has announced its Q1 results as follows.
Its Revenue from operations rose by 97 percent YoY from Rs. 8.34 Crores in Q1FY25 to Rs. 16.4 Crores in Q1FY26, and it declined by 20 percent QoQ from Rs. 20.4 Crores in Q4FY25 to Rs. 16.4 Crores in Q1FY26.
Its Net Profit YoY rose by 50 percent from Rs. 7.55 Crores in Q1FY25 to Rs. 11.3 Crores in Q1FY26, and it rose by 8.6 percent QoQ from a profit of Rs. 10.4 Crores in Q4FY25 to Rs. 11.3 Crores in Q1FY26.
The earnings per share (EPS) for the quarter stood at Rs. 2.83, compared to Rs. 2.61 in the previous quarter. The company appears fundamentally strong, with a PEG ratio of 0.05 suggesting significant undervaluation relative to its growth prospects. Its low debt-to-equity ratio of 0.60 indicates healthy financial stability, while promoter shareholding exceeding 65% reflects high promoter confidence.
Business Overview & Others
DOEIL, a part of Deep Industries Ltd., provides underwater services to India’s oil and gas industry, specializing in turnkey sub-sea and marine projects as an EPC contractor. Its services are certified by ISO 9001 and the American Bureau of Shipping. The company also focuses on developing international public-private partnerships for underwater technology and environmental protection, conducting search and rescue operations, and establishing specialist training facilities.
The company has a set of Marquee clients as follows: Aban Lloyd, Bechtel International Inc., Cairn Energy, Engineers India, Fugro Geonics, Global Offshore, HPCL, IOCL, L&T, Mazgaon Docks, and others.
The company offers a comprehensive range of services, including underwater diving and engineering, design and engineering, vessel operations and management, marine logistics, ship and rig repair, fabrication, electrical and instrumentation services, as well as offshore hook-up and commissioning. The company also undertakes turnkey EPC contracts, providing end-to-end solutions in the oil and gas sector
Written by Sridhar J
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