Dolfin Rubbers makes tyres and rubber products for auto components. Market cap ₹164 Cr, quarterly revenues ₹27–39 Cr. Small-cap player in cyclical industry; operating margins 6–7%.
Valuation: PE 32 high vs. volatile quarterly net profit ₹0.71–₹1.84 Cr; verify earnings quality
Revenue lumpiness: ₹27–₹39 Cr quarterly swings indicate order volatility; verify business visibility
Thin margins: OPM 6.56% limits buffer vs. rubber cost inflation; verify hedging practices
Retail holdings: FII 0%, DII 0%, public 62.32%; assess liquidity risk
Generated analysis · source review pending
Operating margin recovery: OPM hit 7.66% Jun 2024 vs. 6.56% now; verify cost control capability
Revenue upside: Mar 2025 ₹39.42 Cr highest in dataset; confirm order pipeline at this level
Financial headroom: D/E 0.52 leaves room for growth capex; verify capital allocation plans
Capital efficiency: ROE 18.14% indicates profitable deployment; confirm if driven by turnover or margins
Generated analysis · source review pending
1,531 historical price candles were omitted because the exchange source has not been verified.
No positive flags triggered.
Structured signal from quality, growth, valuation and momentum.
₹ crore, by fiscal year
% of revenue, by fiscal year
Comparable companies from the narrowest available industry classification.
Reported profit and loss, balance sheet, cash flow and growth history.
Annual operating, return, leverage and working-capital ratios.
Current futures and options contracts with compact option-chain pages.
Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.
Mutual-fund schemes that disclosed a holding in the company.
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
Upcoming dates and the company’s corporate-action history.
Latest exchange announcements, filings and downloadable documents.
| Company | Mkt Cap | EV | Revenue | EBITDA | OPM | PAT | NPM | ROCE | ROE | WC Days |
|---|---|---|---|---|---|---|---|---|---|---|
| Mrf LimitedMRFMRF | ₹51,960 Cr | ₹54,327 Cr | ₹31,889 Cr | ₹4,821 Cr | 15.7% | ₹2,415 Cr | 7.8% | 16.8% | 12.3% | 83 |
| Balkrishna Industries LimitedBALKRISINDBALKRISIND | ₹40,274 Cr | ₹44,380 Cr | ₹11,518 Cr | ₹2,539 Cr | 21.3% | ₹1,406 Cr | 11.5% | 14.8% | 8.2% | 111 |
| Apollo Tyres LimitedAPOLLOTYREAPOLLOTYRE | ₹25,706 Cr | ₹28,337 Cr | ₹29,308 Cr | ₹4,143 Cr | 14.6% | ₹1,708 Cr | 4.8% | 13.3% | 8.7% | 93 |
| Ceat LimitedCEATLTDCEATLTD | ₹13,311 Cr | ₹16,322 Cr | ₹16,467 Cr | ₹2,024 Cr | 13.1% | ₹589 Cr | 4.5% | 20.5% | 14.8% | -21 |
| Jk Tyre & Industries LimitedJKTYREJKTYRE | ₹9,812 Cr | ₹14,558 Cr | ₹16,404 Cr | ₹1,887 Cr | 12.4% | ₹651 Cr | 4.8% | 16.8% | 14.2% | 90 |
| Tvs Srichakra LimitedTVSSRICHAKTVSSRICHAK | ₹3,349 Cr | ₹4,111 Cr | ₹3,892 Cr | ₹312 Cr | 7.7% | ₹85 Cr | 2% | 9.2% | 1.7% | 77 |
| Goodyear India LimitedGOODYEARGOODYEAR | ₹1,604 Cr | ₹1,604 Cr | ₹1,792 Cr | ₹217 Cr | 4.5% | ₹136 Cr | 2.1% | 12.5% | 9.3% | 6 |
| Megamont LtdMEGAMONTMEGAMONT | ₹562 Cr | ₹565 Cr | ₹0 Cr | ₹0 Cr | — | ₹-0 Cr | — | -1.8% | -3.2% | — |
| Tolins Tyres LimitedTOLINSTOLINS | ₹334 Cr | ₹345 Cr | ₹317 Cr | ₹43 Cr | 14.6% | ₹33 Cr | 10.9% | 13.5% | 10.4% | 400 |
| Modi Rubber LimitedMODIRUBBERMODIRUBBER | ₹299 Cr | ₹319 Cr | ₹35 Cr | ₹-26 Cr | -75.8% | ₹0 Cr | 1.9% | -2.2% | 0.1% | -904 |
| Indag Rubber LtdINDAGINDAG | ₹277 Cr | ₹287 Cr | ₹215 Cr | ₹9 Cr | 4.1% | ₹10 Cr | 3.8% | 5% | 4.4% | 112 |
| Dolfin Rubbers LtdDOLFINDOLFIN | ₹173 Cr | ₹192 Cr | ₹144 Cr | ₹9 Cr | 5.3% | ₹5 Cr | 3.3% | 16.8% | 16.5% | 122 |
Standalone figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 35.8% | 38.2% | 37.3% | 36.6% | — | 35.1% |
| EBITDA margin % | 5.9% | 6.6% | 6.5% | 6.9% | 6.6% | 5.3% |
| EBIT margin % | 4.8% | 5.2% | 5.2% | 5.7% | 5.4% | 4.2% |
| PAT margin % | 3.4% | 3.4% | 3.3% | 3.8% | 3.6% | 3.3% |
| Working capital | ||||||
| Receivable days | 0 | 51 | 54 | 45 | 39 | 34 |
| Inventory days | 0 | 92 | 94 | 90 | 54 | 110 |
| Payable days | 0 | 29 | 39 | 21 | — | 21 |
| NWC days | 0 | 114 | 109 | 114 | — | 122 |
| Leverage | ||||||
| Current ratio | 1.54 | 1.69 | 1.73 | 1.82 | 1.82 | 1.78 |
| Debt to EBITDA | 0 | 1.88 | 1.99 | 1.68 | 1.56 | 2.07 |
| Debt to equity | 0.56 | 0.48 | 0.53 | 0.52 | 0.52 | 0.48 |
| Interest coverage | 33.9 | 6.1 | 6.1 | 7.2 | 8.5 | 7.4 |
| Asset turnover | 2,04,709.18 | 1.79 | 1.76 | 2 | 2.29 | 2.06 |
| Return ratios | ||||||
| Return on assets % | 7,04,183.1% | 6% | 5.7% | 7.6% | 8.2% | 6.7% |
| Return on capital employed % | 15,86,263.5% | 16.1% | 15.5% | 19.1% | 19.1% | 16.8% |
| Return on equity % | 14,41,268.6% | 13% | 13.4% | 16.8% | 18.1% | 14.2% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
| Holder (%) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 36.09% | 36.1% | 36.1% | 36.22% | 36.22% | 36.68% | 36.78% | 36.78% | 37.06% | 37.4% | 37.52% | 37.68% | |
| FII | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DII | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 63.91% | 63.9% | 63.9% | 63.78% | 63.78% | 63.32% | 63.22% | 63.22% | 62.94% | 62.6% | 62.48% | 62.32% | |
| No. of shareholders | — | — | — | — | — | — | — | — | 2,933 | 2,913 | 2,873 | 2,859 |
Promoter holding up 1.59 percentage points since Sep 2023.
| Date | Client | Type | Venue | Side | Quantity | Price | Value |
|---|---|---|---|---|---|---|---|
| 7 Mar 2024 | POOJA CHADHA | Bulk | BSE | Sell | 70,900 | ₹146.29 | ₹1.04 Cr |
| 7 Mar 2024 | POOJA CHADHA | Bulk | BSE | Buy | 1,000 | ₹149.53 | ₹0.01 Cr |
| 12 Jan 2022 | RAJNI JAIN | Bulk | BSE | Sell | 44,000 | ₹59.01 | ₹0.26 Cr |
| 10 Nov 2021 | NATIONAL STOCK EXCHANGE OF INDIA LIMITED | Bulk | BSE | Sell | 1,58,000 | ₹52.62 | ₹0.83 Cr |
Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
No scheme among the 32 fund houses on record reported a position in Dolfin Rubbers Ltd. Portfolios are published monthly by each AMC; coverage is still partial.
Documents link to external sources (exchange filings, company investor pages).
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Shareholder Meeting / Postal Ballot-Outcome of AGM
Announcement under Regulation 30 (LODR)-Newspaper Publication
Notice Convening 31St Annual General Meeting, Intimation Of Book Closure, Cut-Off Date And E-Voting For The Purpose Of 31St Annual General Meeting.
Reg. 34 (1) Annual Report.
Unaudited Financial Results For The Month Ended 30.06.2026
Unaudited Financial Results For The Month Ended 30.06.2026
Board Meeting Outcome for Outcome Of Board Meeting
| Date | Category | Subject | Filing |
|---|---|---|---|
| 10 Sept 2026, 3:33 pm | AGM/EGM AGM | Shareholder Meeting / Postal Ballot-Scrutinizer''s Report | |
| 9 Sept 2026, 2:28 pm | AGM/EGM AGM | Shareholder Meeting / Postal Ballot-Outcome of AGM |
| 14 Aug 2026, 12:19 pm | Company Update Newspaper Publication | Announcement under Regulation 30 (LODR)-Newspaper Publication |
| 14 Aug 2026, 12:10 pm | AGM/EGM AGM | Notice Convening 31St Annual General Meeting, Intimation Of Book Closure, Cut-Off Date And E-Voting For The Purpose Of 31St Annual General Meeting. |
| 14 Aug 2026, 12:03 pm | Others Reg. 34 (1) Annual Report | Reg. 34 (1) Annual Report. |
| 11 Aug 2026, 1:24 pm | Result Financial Results | Unaudited Financial Results For The Month Ended 30.06.2026 |
| 11 Aug 2026, 1:21 pm | Result Financial Results | Unaudited Financial Results For The Month Ended 30.06.2026 |
| 11 Aug 2026, 1:05 pm | Board Meeting Outcome of Board Meeting | Board Meeting Outcome for Outcome Of Board Meeting |
| ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| 82,49,780 | 84 | 102 | 126 | 144 | 170 | |
| COGS | 52,98,504 | 52 | 64 | 80 | -90 | 110 |
| Gross profit | 29,51,276 | 32 | 38 | 46 | — | 60 |
| 24,68,267 | 26 | 31 | 37 | 225 | 51 | |
| 4,83,010 | 6 | 7 | 9 | 9 | 9 | |
| OPM % | 5.9% | 6.6% | 6.5% | 6.9% | 6.6% | 5.3% |
| Depreciation | 83,141 | 1 | 1 | 2 | 2 | 2 |
| Interest | 12,217 | 1 | 1 | 1 | 1 | 1 |
| 14,781 | 0 | 0 | 0 | 0 | 1 | |
| Profit before tax | 4,02,432 | 4 | 5 | 7 | 7 | 7 |
| Tax | 1,18,646 | 1 | 1 | 2 | 2 | 1 |
| Tax % | 29.5% | 27.3% | 26.6% | 28.4% | 27.8% | 21.2% |
| 2,83,786 | 3 | 3 | 5 | 5 | 6 | |
| PAT margin % | 3.4% | 3.4% | 3.3% | 3.8% | 3.6% | 3.3% |
| EPS (₹) | 3.8 | — | 3.3 | 4.7 | 3.6 | 5.5 |
| EPS adjusted (₹) | 2,83,031 | 2.8 | 3.3 | 4.7 | 5.1 | 5.5 |
| 31.8% | — | 36.4% | 0% | 0% | — | |
| Annual report | Annual report for Mar 2021 | Annual report for Mar 2022 | Annual report for Mar 2023 | Annual report for Mar 2024 | Annual report for Mar 2025 | Annual report for Mar 2026 |
| ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 8 | 8 | 10 | 10 | 10 | 10 |
| Reserves | 12 | 14 | 15 | 18 | 18 | 29 |
| 11 | 10 | 13 | 15 | 15 | 19 | |
| 10 | 15 | 20 | 20 | 20 | 25 | |
| Total equity & liabilities | 40 | 47 | 58 | 63 | 63 | 83 |
| 18 | 19 | 20 | 25 | 25 | 29 | |
| CWIP | 0 | 1 | 2 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | — | 0 |
| 23 | 27 | 36 | 38 | 38 | 53 | |
| Total assets | 40 | 47 | 58 | 63 | 63 | 83 |
| ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| 3,18,066 | 2 | 2 | 5 | 4 | 5 | |
| -4,03,747 | -3 | -4 | -4 | -4 | -4 | |
| 93,815 | 1 | 2 | -2 | -1 | -1 | |
| Net cash flow | 8,133 | 0 | 1 | 0 | 0 | 0 |
| Free cash flow | 3,18,066 | -1 | -2 | 1 | — | -1 |
| CFO / Operating profit % | 65.9% | 37.3% | 29.3% | 62.7% | 47.5% | 53.7% |