1,79,000 per cent Multibagger Returns: 10:1 Stock Split, This Offshore Oil and Gas Stock Generated Exceptional Wealth for Shareholders; Must Watch

The shares of the company have delivered a return of over 600 per cent to its shareholders in just 1 year only.

Incorporated in 1979, Dolphin Offshore Enterprises Ltd (DOEIL) operates within the offshore oil and gas sector and is a subsidiary of Deep Industries Ltd. It specialises in providing comprehensive underwater services to India's oil and gas industry. The company has successfully executed turnkey projects involving sub-sea operations and marine services, functioning as an Engineering, Procurement, and Construction (EPC) contractor.

DOEIL's services are accredited with ISO 9001 certification and recognized by the American Bureau of Shipping. Additionally, the company actively engages in fostering international collaborations between the public and private sectors to advance underwater technology, promote environmental protection, facilitate search and rescue missions, and establish training facilities. DOEIL is launching an in-house training program designed for divers and underwater technicians including international certification.

On Friday, the share of Dolphin Offshore Enterprises (India) opened at Rs 783.50 per share, compared to the previous day's closing figure of Rs 783.55 per share on the BSE. Finally, the shares closed the day at Rs 752.15 per share on the BSE. The current market capitalization of Dolphin Offshore Enterprises (India) is Rs 3008.94 crore, and the stock has generated an impressive return of around 1,78,983 per cent in the past 3 years only.

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, Dolphin Offshore Enterprises (India) recorded a revenue of Rs 1.95 crore. It reported an operating loss for Q4 FY24 of Rs 4.94 crore. The net profit for Q4 FY24 was Rs 1.46 crore. Looking at the annual performance, the company generated a revenue of Rs 6.37 crore in FY24. The operating loss for FY24 was Rs 3.51 crore, with a net profit of Rs 5.57 crore.

Regarding the shareholding pattern, the promoters own 74.99 per cent of the company and the public or retail investors hold 10.62 per cent.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.