Check Before You Invest : Dolfin Rubbers Ltd

Q: Which industry/sub-sector does Dolfin Rubbers Ltd belong to?

Dolfin Rubbers Ltd belongs to the Automobiles sector, operating specifically within the Tyres & Allied segment.

Q: Is Dolfin Rubbers Ltd a good quality company?

Dolfin Rubbers Ltd is a good quality company, based on a consistently good multi-year financial track record. This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q: Is Dolfin Rubbers Ltd undervalued or overvalued?

Dolfin Rubbers Ltd appears Fair, as its key valuation ratios are in line with their past averages. Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more. Valuation Ratios. Price to Earnings, Current: 30.85, Historic Median: 39.17. Price to Book, Current: 4.73, Historic Median: 5.11. Price to Sales, Current: 1.1, Historic Median: 1.30. EV to EBITDA, Current: 19.15, Historic Median: 21.30

Q: Is Dolfin Rubbers Ltd a good buy now?

Dolfin Rubbers Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Q: Revenue growth of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd revenue growth is 14% for FY-2025, which is in line with its 5-year CAGR of 13.36%, indicating stable growth.

Q: Gross Profit margin of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd Gross profit margin which is the profit after deduction of direct costs, is 4.8% for FY-2025, which is in line with its 5-year median of 4.8%, indicating stable margins.

Q: Operating Profit Margin of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 6.56% for FY-2025, which is in line with its 5-year median of 6.56% indicating stable margins.

Q: Net Profit Margin of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd Net Profit Margin is 3.57% for FY-2025, is in line with its 5-year median of 3.44%, indicating stable margins. Profitability Metrics. Gross Profit Margin (%), Current: 4.8, Historic Median: 4.8. Operating Profit Margin (%), Current: 6.56, Historic Median: 6.56. Net Profit Margin (%), Current: 3.57, Historic Median: 3.44

Q: Return on Asset of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd Return on Asset is 7.52%, which is in line with its 5-year historical median of 7.52%, indicating stable asset utilization efficiency.

Q: Return on capital employed (ROCE) of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd Return on capital employed is 17.24% for FY-2025, which is above its 5-year historical median of 15.71%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 14%, indicating value creation.

Check Before You Invest : Dolfin Rubbers Ltd

BSE: 542013 NSE: ISIN: INE666Y01010

| Sector: Automobiles | Industry: Tyres & Allied

Snapshot

Q.1 Which industry/sub-sector does Dolfin Rubbers Ltd belong to?

Dolfin Rubbers Ltd belongs to the Automobiles sector, operating specifically within the Tyres & Allied segment.

Q.2 Is Dolfin Rubbers Ltd a good quality company?

Dolfin Rubbers Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Dolfin Rubbers Ltd undervalued or overvalued?

Dolfin Rubbers Ltd appears Fair, as its key valuation ratios are in line with their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios	Current	5-year Historic Median
Price to Earnings	30.85	39.17
Price to Book	4.73	5.11
Price to Sales	1.1	1.30
EV to EBITDA	19.15	21.30

Q.4 Is Dolfin Rubbers Ltd a good buy now?

Dolfin Rubbers Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd revenue growth is 14% for FY-2025, which is in line with its 5-year CAGR of 13.36%, indicating stable growth.

Q.2 Gross Profit margin of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd Gross profit margin which is the profit after deduction of direct costs, is 4.8% for FY-2025, which is in line with its 5-year median of 4.8%, indicating stable margins.

Q.3 Operating Profit Margin of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 6.56% for FY-2025, which is in line with its 5-year median of 6.56% indicating stable margins.

Q.4 Net Profit Margin of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd Net Profit Margin is 3.57% for FY-2025, is in line with its 5-year median of 3.44%, indicating stable margins.

	Current Level	5-year Historic Median
Gross Profit Margin (%)	4.8	4.8
Operating Profit Margin (%)	6.56	6.56
Net Profit Margin (%)	3.57	3.44

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd Return on Asset is 7.52%, which is in line with its 5-year historical median of 7.52%, indicating stable asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd Return on capital employed is 17.24% for FY-2025, which is above its 5-year historical median of 15.71%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 14%, indicating value creation.

Q.7 Return on Equity (ROE) of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd Return on equity is 16.63% for FY-2025, which is above its 5-year historical median of 15.22%, indicating the business is making better use of its shareholders capital.

Q.8 Cash conversion cycle of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd Cash conversion cycle is 66 days, above its 5-year historical median of 57 days, indicating deteriorated working capital management. However, you need to compare this with its peers in the industry.

	Current Level	5-year Historic Median
Asset Turnover (x)	2.72	2.7
ROE (%)	16.63	15.22
ROCE (%)	17.24	15.71
Cash Conversion Cycle	66 days	57 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd Debt-to-Equity ratio is 0.54, which is above the industry average of 0.44, indicating higher debt levels in the industry.

Q.10 Debt to cash flow from operations of Dolfin Rubbers Ltd?

Dolfin Rubbers Ltd Debt to cash flow from operations is 4, which is at a unhealthy level.

Ownership & governance

D: Promoter shareholding and pledge status of Dolfin Rubbers Ltd?

Q.1 Promoter shareholding and pledge status of Dolfin Rubbers Ltd?

Promoters hold 37.52% of the Dolfin Rubbers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Dolfin Rubbers Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Dolfin Rubbers Ltd vs industry peers?

Dolfin Rubbers Ltd revenue CAGR is 13.36%, compared to the industry median CAGR of 9.77%, indicating faster growth and gaining its market share.

Profit Metrics

	Current Level	5-year Industry Median
Revenue Growth (%)	14	9.8
Gross Profit Growth (%)	12.5	15.7
Operating Profit Growth (%)	-	9.3
Net Profit Growth (%)	-	10.8

Operating Efficiency

	Current Level	5-year Industry Median
Asset Turnover (x)	2.72	1.13
ROE (%)	16.63	10.87
ROCE (%)	17.24	12.59
Cash Conversion Cycle (days)	66.36	60

Valuation & price assessment

Q.1 Stock return of Dolfin Rubbers Ltd over the last decade?

Over the last 5 year(s), the stock has delivered a CAGR of 38.66% based on the current price.

	9Y	5Y	3Y	1Y
Share Price CAGR	-	38.7%	12.1%	-14.3%

Q.2 Valuation ratios of Dolfin Rubbers Ltd vs historical?

The current P/E ratio of 30.85 is lower than its historical median of 39.17, indicating that the stock is trading below its historical average valuation.

Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?

Valuation Ratios	Current	5-year Historic Median	5-year Industry Median
Price to Earnings	30.85	39.17	30.55
Price to Book	4.73	5.11	2.17
Price to Sales	1.1	1.30	1.37
EV to EBITDA	19.15	21.30	11.27

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Check Before You Invest : Dolfin Rubbers Ltd

Snapshot

Performance Analysis

Ownership & governance

Peer comparison (industry-wise, mcap)

Profit Metrics

Operating Efficiency

Valuation & price assessment

Check more companies

Check trending companies

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