Dolphin Kitchen Utencils and Appliances (BSE: DKUAL) had a P/E of 2.9× on 5 Nov 2026, below the industry P/E of 19.9×, and the shares are 81% below their 52-week high. Sales grew 74% a year over 3 years; its ROCE of 6.1% is the lowest among the 7 largest Steel peers, though net profit is above operating profit, which points to a one-off gain. It carries very little debt. It is listed on an SME platform with a market cap of ₹11 Cr, ranked 142nd of 150 Steel companies by market cap; the shares fell 75% over the past year.
- ₹8.00
- ₹8.17
- ₹7.62
- ₹7.98
- 10K
Health check
- ReturnsBehind
−75.2% over a year, better than 0 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthStrong
Sales +74.4%, profit +353.5% a year over 3 years.
- ProfitabilityWeak
ROCE 6.1% vs peer median 18.7%.
- Balance sheetFair
Debt 0.05× equity, interest covered 35.5×, Piotroski 4 of 9.
- Red flags5 to check
Return on equity is low at 7.3%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹11 Cr
- Small cap
- P/E
- 2.9
- Industry 19.9
- Price to book
- 0.16
- Peers 2.28
- Dividend yield
- 0.00%
- ROE
- 7.3%
- Peers 23.4%
- ROCE
- 6.1%
- Peers 18.7%
- Debt to equity
- 0.05
- Debt ₹3.40 Cr
- EPS (TTM)
- ₹2.79
- OPM (TTM)
- 5.3%
- Net margin 10.8%
- Sales growth
- −80.2%
- Latest quarter vs a year ago
- Profit growth
- −97.6%
- Latest quarter vs a year ago
- Price to sales
- 0.32
- EV/EBITDA 3.1
Strengths and risks
Strengths
- Practically debt-free.
Risks to check
- Return on equity is low at 7.3%.
- Quarterly profit down 97.6% on a year ago.
- Quarterly sales down 80.2% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 81% below its 52-week high.
About Dolphin Kitchen Utencils and Appliances
Dolphin Kitchen Utencils and Appliances Limited engages in trading and marketing of stainless-steel products in India. It trades in S.S. patta, S.S. sheet, S.S. coil, S.S. scrap, S.S. pipe, and mild steel round and beam. The company also provides a range of kitchenware, including dinner sets, S.S. casseroles, S.S. multi kadai, S.S. water bottles, stainless steel sheets and circles, and various utensils under the DOLPHIN brand. In addition, it offers…
- Headquarters
- Ahmedabad
- Sector
- Basic Materials
- ISIN
- INE0QXT01018
- Website
- saiswamimetals.com
Price range
- Avg volume (3M)
- 12K
- 1-year return
- minus 75.2%
- From 52-week high
- minus 80.7%
Peers · Steel
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEELJSW Steel | 1,357.10 | plus 0.11% | 3,31,265 | 11.7 | 12.2 | 18.7% | 17.7% | 0.62 | 3.6% | plus 14.7% |
| TATASTEELTata Steel | 186.30 | plus 2.36% | 2,32,397 | 21.1 | 9.1 | 11.3% | 15.2% | 0.89 | −1.6% | plus 1.5% |
| JINDALSTELJindal Steel | 1,165.00 | plus 1.31% | 1,18,594 | 41.5 | 14.9 | 7.5% | 15.9% | 0.42 | −13.1% | plus 6.4% |
| LLOYDSMELloyds Metals And Energy | 1,785.50 | minus 1.38% | 1,00,482 | 19.1 | 18.8 | 19.4% | 37.4% | 1.23 | 71.3% | plus 37.4% |
| SAILSteel Authority of India | 171.60 | minus 0.41% | 70,880 | 12.6 | 8.1 | 7.2% | 12.9% | 0.50 | 2.0% | plus 24.7% |
| NMDCNMDC | 70.40 | minus 0.01% | 61,894 | 8.3 | 6.2 | 28.4% | 30.0% | 0.19 | 22.0% | minus 5.2% |
| APLAPOLLOAPL Apollo Tubes | 2,185.30 | minus 0.41% | 60,677 | 46.3 | 32.7 | 28.0% | 8.2% | 0.17 | 12.6% | plus 23.3% |
| DKUALDolphin Kitchen Utencils and Appliances | 7.98 | 0.00% | 11 | 2.9 | 3.1 | 6.1% | 5.3% | 0.05 | 74.4% | minus 75.2% |
| Median of 7 peers | – | −0.01% | 1,00,482 | 19.1 | 12.2 | 18.7% | 15.9% | 0.50 | 3.6% | 14.7% |
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- +74.4%
- Profit CAGR 3Y
- +353.5%
- ROE
- 7.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.3 | 40.7 | 65.2 | 33.2 | |
| – | +549.9% | +60.0% | minus 49.0% | |
| 6.2 | 37.3 | 59.7 | 28.7 | |
| 0 | 3.5 | 5.5 | 4.5 | |
| 0.7% | 8.5% | 8.4% | 13.5% | |
| −0 | −0.2 | 0 | 0 | |
| 0 | 0.2 | 0.3 | 0.1 | |
| 0 | 0.1 | 0.2 | 0.4 | |
| – | −0 | – | – | |
| 0 | 2.9 | 5 | 4 | |
| −51.4% | 25.1% | 26.4% | 10.4% | |
| 0 | 2.2 | 3.7 | 3.6 | |
| – | +5548.6% | +71.7% | minus 3.7% | |
| 0.06 | 3.27 | 5.75 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0 | 4.1 | 6.6 | 13.3 | |
| 0.3 | 3 | 28.1 | 50.3 | |
| 6.8 | 5.5 | 7.9 | 3.4 | |
| 18.7 | 7.5 | 6.6 | 3.5 | |
| 25.8 | 20.1 | 49.2 | 70.5 | |
| 0.4 | 0.3 | 2.1 | 1.7 | |
| 0 | 0.6 | 4.2 | – | |
| 0.2 | 0.8 | 0.9 | 0 | |
| 25.3 | 18.3 | 42 | 68.8 | |
| 25.8 | 20.1 | 49.2 | 70.5 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −4.7 | −1.2 | −20.7 | −23.8 | |
| −1.2 | −0.5 | −5.6 | −0.1 | |
| 6.1 | 2.4 | 26.4 | 23 | |
| 0.2 | 0.7 | 0.1 | −0.9 | |
| −0.4 | −0 | −2 | −0 | |
| −5.1 | −1.2 | −22.7 | −23.8 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.