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Balance sheet of Dolphin Offshore Ent is strong.
It shouldn't have solvency or liquidity issues.
The debt of Dolphin Offshore Ent is decreasing.
Latest debt of Dolphin Offshore Ent is -₹5.93 Crs as of Sep-24.
This is less than Mar-24 when it was -₹0.46 Crs.
The profit is oscillating.
The profit of Dolphin Offshore Ent is ₹22.38 Crs for TTM, ₹5.57 Crs for Mar 2024 and ₹36.11 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Dolphin Offshore Ent latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Short Term Loans & Advances