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HomeSTOCKS1420% Massive Return: Stock Split Soon; Focus This Share; January 25 Record...

1420% Massive Return: Stock Split Soon; Focus This Share; January 25 Record Date

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Oil & Gas stock, Dolphin Offshore Enterprises (India)(NSE: DOLPHIN) has been hitting back-to-back upper circuits for several months now and this week has been no different.

 On January 18, the stock touched a new 52-week high and got locked at its upper circuit level. 

This share is under the spotlight ahead of the split at 1:10. The share price of Dolphin Offshore Enterprises (India) Ltd has hit a record 52-week high of 1,691.30 on the NSE in January. 

After this, on Friday also it hit the upper circuit and it reached the level of 1,725.10.

This stock has a 2% upper circuit level, which means there were many buyers but no sellers on the day.

NSE data showed that the stock has been re-listed on several occasions. The stock gained four points in percentage terms following its relisting in August 2023.

This stock traded at its 52-week low of Rs 109 on the 21st day of August 2023. This stock experienced huge gains of 1,421.24 percent on the NSE over the past year.

This means that suppose an investor invested Rs 1 lakh in Dolphin shares on August 21, 2023, then after that, the investment value of that investor will now give a return of 1,420 percent.

Dolphin Offshore is set to trade ex-split next week, according to exchange filings. The firm has set the 25th of January as the record date for its stock division in the ratio of 1:10. 

The ratio of 1:10 means that 1 Dolphin share of face value Rs 10 will be divided into ten equity shares of Dolphin of face value Rs 1 each.

Usually listed companies announce the splitting of already owned shares into much smaller shares. 

This is done to improve liquidity by breaking the shares into smaller sizes. The face value of shares reduces in proportion to the division ratio. 

However, it does not affect the share capital and storage of the company. Although a stock split reduces the value of a stock, it increases the number of shares in investors’ portfolios of that specific stock.

About Dolphin Offshore Enterprises (India) Ltd

Dolphin Offshore Enterprises India Ltd (DOEIL) is the leading supplier of services for 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₹ 690 Cr.
Current Price₹ 1,725
52-wk High₹ 1,725
52-wk Low₹ 120
Stock P/E
Book Value₹ 572
Dividend0.00 %
ROCE-4.42 %
ROE-7.82 %
Face Value₹ 10.0
P/B Value3.02
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%
Oct 202374.99%
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FII Holding
Dec 20220.00%
Mar 20230.00%
June 20230.00%
Sept 20230.00%
Oct 202321.05%
DII Holding
Dec 20221.31%
Mar 20232.00%
June 20232.00%
Sept 20232.00%
Oct 20231.58%
Public Holding
Dec 202243.86%
Mar 20233.01%
June 20233.01%
Sept 20233.02%
Oct 20232.38%
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Dolphin Offshore Enterprises (India) Ltd 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%

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: 124% Bumper Return; ₹37 Share, Bullishness In Auto Share; Hold For ₹100 Target

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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