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HomeSHARE MARKET1265% Bumper Return! Big Announcement, Stock Split; January 25 Record Date Fixed

1265% Bumper Return! Big Announcement, Stock Split; January 25 Record Date Fixed

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Dolphin Offshore Enterprises (India) Ltd (NSE: DOLPHIN): Following the closing of the stock market today, the most important announcement was made about the stock split.

DOLPHIN OFFSHORE Enterprises INDIA LTD has disclosed information to the exchange on the split of the stock.

In the filing for exchange, the company has stated that by Regulation 42 of the Securities and Exchange Board of India The Board of Directors of the company issued a statement today on January 12, 2024.

A crucial resolution was approved in the circular released following the meeting of the company. At this meeting, the company provided details regarding the division in its shares.

The company stated that its shares that have a face value of Rs 10 have been split into 10 components. To facilitate this reason, the company established their “record date” to be Thursday 25 January 2024.

Regarding the price of shares in the company, the price was the price of Rs 1559.40 until the closing of the market today.

Today, there was an increase in the value of the company’s stock. The stock of the company showed an increase of around +30.55 percent or an increase of around 2.00 percent.

Over the last 6 months the share has given around 1265.27% return so far.

What Is Stock Spit?

The splitting of shares is referred to as the stock split. In this way, it’s the norm for a company to split its shares. Typically, when the value of a company’s shares rises substantially, the smaller investors aren’t able to make investments in the shares.

In this case, the company chooses to carry out the stock split to lure smaller investors to its shares and boost demand in the market.

About Dolphin Offshore Enterprises (India) Ltd

DOLPHIN OFFSHORE Enterprises INDIA LTD (DOEIL) is the leading supplier of services for the underwater sector of the Indian petroleum and natural gas industries. 

The company was established on May 17th, 1979. The business includes engineering and underwater diving design, vessel management, and operations, Marine Logistics, and fabrication. 

They have also completed turnkey projects in sub-sea as well as marine services, as well as being the EPC contractor. 

The founder and director of this company was Shavax A Lal who was the former secretary of the former Indian Governor General Shri C. Rajagopalachari, and a well-known Mumbai businessman.

Fundamental Analysis of Dolphin Offshore Enterprises (India) Ltd 

Market Cap₹ 625 Cr.
Current Price₹ 1,562.55
52-wk High₹ 1,562.55
52-wk Low₹ 109.00
Stock P/E
Book Value₹ 572
Dividend0.00 %
ROCE-4.42 %
ROE-7.82 %
Face Value₹ 10.0
P/B Value2.73
OPM1.82 %
EPS₹ 144
Debt₹ 15.4 Cr.
Debt to Equity0.09

Dolphin Offshore Enterprises (India) Ltd Shareholding Pattern

Promoters Holding
Dec 202254.83%
Mar 202394.98%
June 202394.98%
Sept 202394.98%
Dec 202374.99%
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FII Holding
Dec 20220.00%
Mar 20230.00%
June 20230.00%
Sept 20230.00%
Dec 202321.05%
DII Holding
Dec 20221.31%
Mar 20232.00%
June 20232.00%
Sept 20232.00%
Dec 20231.58%
Public Holding
Dec 202243.86%
Mar 20233.01%
June 20233.01%
Sept 20233.02%
Dec 20232.38%
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Dolphin Offshore Enterprises Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 2 Years’ Sales:

2022₹ 0 Cr
2023₹ 3 Cr

Last 2 Years’ Net Profit:

2022₹ -14 Cr
2023₹ 43 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20191.4
2020-6.39
2021-4.79
2022-4.42
20230.17
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Last 10 Years’ Profit Growth:

10 Years:
5 Years:0%
3 Years:
Current Year:40%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:
3 Years:
Last Year:-8%

Sales Growth Over 10 Years:

10 Years:
5 Years:
3 Years:
Current Year:

Company’s Positive Signs:

  • The company has reduced its amount of debt.
  • The company is debt-free.

Company’s Negative Signs:

  • The company’s stock currently trades for 2.73 times book value.
  • The company has a low coverage ratio.
  • The company’s earnings include a non-recurring revenue of Rs 49.1 Cr.

Conclusion

This article is a complete guide about Dolphin Offshore Enterprises (India) Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Also Read: ₹172 Share Won Ayodhya Smart City Project Order; 38% Return In Two Trading Days

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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