Cash flow Dolfin Rubbers Limited

Stocks

DOLFIN

INE666Y01010

Tires & Rubber Products

Delayed Bombay S.E. 01:50:49 2026-09-07 EDT			5-day change	1st Jan Change
171.15 ^INR	-0.93%		+1.33%	-5.05%

08-11	Dolfin Rubbers Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI
05-26	Dolfin Rubbers Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2026	CI

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Published financial data: DOLFIN RUBBERS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Revenues	835M	1.02B	1.26B	1.44B	1.7B
Total Revenues	835M	1.02B	1.26B	1.44B	1.7B
Cost of Goods Sold, Total	520M	650M	810M	920M	1.12B
Gross Profit	315M	367M	449M	515M	575M
Selling General & Admin Expenses, Total	122M	138M	168M	196M	230M
Depreciation & Amortization - (IS)	11.49M	12.97M	15.12M	17.26M	18.44M
Other Operating Expenses	137M	163M	194M	225M	254M
Other Operating Expenses, Total	271M	314M	377M	438M	503M
Operating Income	43.5M	52.8M	72.11M	76.95M	71.68M
Interest Expense, Total	-7.25M	-8.56M	-9.87M	-9.07M	-10.73M
Interest And Investment Income	347K	342K	693K	873K	864K
Net Interest Expenses	-6.9M	-8.22M	-9.17M	-8.2M	-9.86M
Currency Exchange Gains (Loss)	518K	-59K	1.56M	28K	2.21M
Other Non Operating Income (Expenses)	1.11M	802K	1.72M	2.96M	1.47M
EBT, Excl. Unusual Items	38.22M	45.32M	66.22M	71.74M	65.49M
Gain (Loss) On Sale Of Assets	-54K	-187K	22K	-	4.82M
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	38.17M	45.14M	66.24M	71.74M	70.31M
Income Tax Expense	10.49M	12M	18.78M	20.49M	14.92M
Earnings From Continuing Operations	27.68M	33.14M	47.46M	51.25M	55.39M
Net Income to Company	27.68M	33.14M	47.46M	51.25M	55.39M
Net Income - (IS)	27.68M	33.14M	47.46M	51.25M	55.39M
Net Income to Common Incl Extra Items	27.68M	33.14M	47.46M	51.25M	55.39M
Net Income to Common Excl. Extra Items	27.68M	33.14M	47.46M	51.25M	55.39M
Per Share Items
Net EPS - Basic	2.76	3.52	4.73	5.11	5.52
Basic EPS - Continuing Operations	2.76	3.52	4.73	5.11	5.52
Basic Weighted Average Shares Outstanding	10.03M	9.4M	10.03M	10.03M	10.03M
Net EPS - Diluted	2.76	3.52	4.73	5.11	5.52
Diluted EPS - Continuing Operations	2.76	3.52	4.73	5.11	5.52
Diluted Weighted Average Shares Outstanding	10.03M	9.4M	10.03M	10.03M	10.03M
Normalized Basic EPS	2.38	3.01	4.13	4.47	4.08
Normalized Diluted EPS	2.38	3.01	4.13	4.47	4.08
Dividend Per Share	-	1.2	-	-	-
Payout Ratio	32.61	-	25.36	-	-
Supplemental Items
EBITDA	54.99M	65.74M	87.2M	94.17M	90.08M
EBITA	43.61M	52.98M	72.3M	77.08M	71.68M
EBIT	43.5M	52.8M	72.11M	76.95M	71.68M
EBITDAR	-	-	90.3M	95.28M	-
Total Revenues (As Reported)	837M	1.02B	1.26B	1.26B	1.71B
Effective Tax Rate - (Ratio)	27.48	26.58	28.34	28.56	21.22
Total Current Taxes	6.15M	10.34M	13.14M	18.24M	15.73M
Total Deferred Taxes	3.99M	1.65M	5.64M	1.71M	-812K
Normalized Net Income	23.89M	28.33M	41.38M	44.84M	40.93M
Interest Capitalized	723K	56K	10K	254K	907K
Interest on Long-Term Debt	-	-	-	2.63M	2.96M
Non-Cash Pension Expense	563K	264K	599K	646K	747K
Supplemental Operating Expense Items
Advertising Expense	6.35M	2.76M	6.31M	4.05M	5.04M
Selling and Marketing Expenses	6.35M	2.76M	6.31M	4.05M	5.04M
Net Rental Expense, Total	-	-	3.1M	1.1M	-
Imputed Operating Lease Interest Expense	-	-	1.77M	506K	-
Imputed Operating Lease Depreciation	-	-	1.33M	597K	-
Maintenance & Repair Expenses, Total	4.15M	12.61M	11.29M	15.77M	20.16M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	2.69M	1.24M	941K	797K	1.39M
Short Term Investments	-	6.86M	7.33M	7.8M	7.7M
Total Cash And Short Term Investments	2.69M	8.1M	8.27M	8.6M	9.1M
Accounts Receivable, Total	117M	150M	154M	176M	157M
Other Receivables	491K	194K	778K	1.08M	2.47M
Notes Receivable	-	-	-	-	-
Total Receivables	117M	151M	155M	177M	159M
Inventory	130M	164M	198M	254M	331M
Prepaid Expenses	1.24M	937K	1.06M	733K	1.08M
Other Current Assets, Total	7.87M	21.01M	7.26M	11.28M	10.17M
Total Current Assets	259M	345M	369M	452M	511M
Gross Property Plant And Equipment	259M	296M	339M	367M	-
Accumulated Depreciation	-60.36M	-72.92M	-87.82M	-103M	-
Net Property Plant And Equipment	198M	223M	251M	264M	300M
Other Intangibles, Total	123K	308K	126K	0	48K
Accounts Receivable Long-Term	4.46M	1.91M	1.38M	1.38M	3.18M
Deferred Charges Long-Term	-	132K	99K	99K	33K
Other Long-Term Assets, Total	5.63M	8.05M	6.33M	16.44M	11.47M
Total Assets	467M	579M	628M	734M	825M
Liabilities
Accounts Payable, Total	31.06M	68.07M	46.85M	31.43M	64.61M
Accrued Expenses, Total	3.84M	6.92M	16.27M	34.01M	38.26M
Short-term Borrowings	81.24M	98.6M	108M	156M	163M
Current Portion of Long-Term Debt	6.06M	10.54M	12.2M	9.77M	9.16M
Current Income Taxes Payable	-	-	-	-	221K
Unearned Revenue Current, Total	2.5M	2.5M	2.5M	4M	2.5M
Other Current Liabilities	3.23M	12.64M	17.24M	19.71M	9.13M
Total Current Liabilities	128M	199M	203M	255M	287M
Long-Term Debt	16.53M	21.58M	26.28M	13.15M	13.56M
Unearned Revenue Non Current	1K	88.65M	89.35M	102M	101M
Pension & Other Post Retirement Benefits	3.24M	6.23M	5.98M	7.42M	8.48M
Deferred Tax Liability Non Current	13.61M	15.26M	20.9M	22.6M	21.79M
Other Non Current Liabilities	90.51M	1.04M	-1K	-	3.5M
Total Liabilities	252M	332M	346M	400M	436M
Common Stock, Total	75.22M	100M	100M	100M	100M
Additional Paid In Capital	33.19M	33.19M	33.19M	33.19M	33.19M
Retained Earnings	106M	115M	151M	202M	257M
Comprehensive Income and Other	980K	-1.91M	-1.31M	-1.43M	-1.55M
Total Common Equity	216M	247M	283M	334M	389M
Total Equity	216M	247M	283M	334M	389M
Total Liabilities And Equity	467M	579M	628M	734M	825M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.03M	10.03M	10.03M	10.03M	10.03M
ECS Total Common Shares Outstanding	10.03M	10.03M	10.03M	10.03M	10.03M
Book Value / Share	21.5	24.6	28.19	33.29	38.8
Tangible Book Value	215M	246M	283M	334M	389M
Tangible Book Value Per Share	21.48	24.57	28.18	33.29	38.8
Total Debt	104M	131M	146M	179M	186M
Net Debt	101M	123M	138M	170M	177M
Debt Equivalent of Unfunded Proj. Benefit Obligation	3.65M	7.98M	8.91M	11.07M	13.6M
Debt Equivalent Oper. Leases	-	-	24.81M	8.82M	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	81.03M	93.35M	117M	155M	219M
Inventories - Work In Process, Total	4.52M	5.91M	9.7M	47.34M	23.25M
Inventories - Finished Goods, Total	30.16M	53.33M	50.07M	34.25M	57.28M
Inventories - Others	13.89M	11.77M	21.33M	17.47M	31.25M
Land - (BS)	21.41M	23.23M	27.9M	37.41M	-
Buildings, Total	32.56M	32.56M	32.56M	33.61M	-
Machinery, Total	193M	219M	279M	294M	-
Full Time Employees	539	579	616	780	862

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	27.68M	33.14M	47.46M	51.25M	55.39M
Depreciation & Amortization - CF	11.38M	12.76M	14.91M	17.1M	18.41M
Amortization of Goodwill and Intangible Assets - (CF)	109K	182K	182K	126K	-
Depreciation & Amortization, Total	11.49M	12.94M	15.09M	17.22M	18.41M
Amortization of Deferred Charges, Total - (CF)	-	33K	33K	33K	33K
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Other Operating Activities, Total	10.75M	7.64M	12.14M	6.95M	434K
Change In Accounts Receivable	5.77M	-33.46M	-3.28M	-22.51M	19.26M
Change In Inventories	-53.44M	-34.77M	-33.48M	-56.19M	-76.88M
Change In Accounts Payable	-	-	-	-	-
Change in Other Net Operating Assets	9.45M	33.63M	16.77M	47.93M	31.66M
Cash from Operations	11.7M	19.15M	54.72M	44.69M	48.3M
Capital Expenditure	-34.19M	-38.16M	-43.01M	-30.22M	-53.63M
Net (Increase) Decrease in Loans Originated / Sold - Investing	3.5M	-1.26M	1.72M	-9.18M	5.86M
Other Investing Activities, Total	-3.2M	2.01M	5.24M	3.16M	6.89M
Cash from Investing	-33.89M	-37.41M	-36.06M	-36.23M	-40.87M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	32.5M	4.11M	1.33M	3.96M
Total Debt Issued	-	32.5M	4.11M	1.33M	3.96M
Long-Term Debt Repaid, Total	-33.58M	-	-	-	-
Total Debt Repaid	-33.58M	-	-	-	-
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-9.03M	-	-12.04M	-	-
Common & Preferred Stock Dividends Paid	-9.03M	-	-12.04M	-	-
Other Financing Activities, Total	-7.62M	-8.84M	-10.57M	-9.46M	-10.89M
Cash from Financing	-50.23M	23.67M	-18.49M	-8.13M	-6.93M
Miscellaneous Cash Flow Adjustments	-	-1K	-	-	-
Net Change in Cash	-72.42M	5.4M	176K	330K	495K
Supplemental Items
Cash Interest Paid	7.25M	8.56M	9.87M	9.07M	10.73M
Cash Income Tax Paid (Refund)	6.5M	9.54M	13.37M	18.73M	15.69M
Levered Free Cash Flow	-41.32M	-53.98M	-19.99M	-46.93M	-29.77M
Unlevered Free Cash Flow	-36.79M	-48.63M	-13.83M	-41.26M	-23.06M
Change In Net Working Capital	41.28M	56.44M	31.01M	76.4M	32.67M
Net Debt Issued / Repaid	-33.58M	32.5M	4.11M	1.33M	3.96M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Profitability
Return on Assets	6.25	6.31	7.47	7.06	5.75
Return on Total Capital	8.67	9.47	11.17	10.21	8.23
Return On Equity %	13.42	14.33	17.93	16.62	15.32
Return on Common Equity	13.42	14.33	17.93	16.62	15.32
Margin Analysis
Gross Profit Margin %	37.69	36.1	35.67	35.89	33.87
SG&A Margin	14.65	13.58	13.32	13.67	13.57
EBITDA Margin %	6.59	6.47	6.92	6.56	5.31
EBITA Margin %	5.22	5.21	5.74	5.37	4.22
EBIT Margin %	5.21	5.19	5.73	5.36	4.22
Income From Continuing Operations Margin %	3.31	3.26	3.77	3.57	3.26
Net Income Margin %	3.31	3.26	3.77	3.57	3.26
Net Avail. For Common Margin %	3.31	3.26	3.77	3.57	3.26
Normalized Net Income Margin	2.86	2.79	3.29	3.12	2.41
Levered Free Cash Flow Margin	-4.95	-5.31	-1.59	-3.27	-1.75
Unlevered Free Cash Flow Margin	-4.41	-4.78	-1.1	-2.87	-1.36
Asset Turnover
Asset Turnover	1.92	1.94	2.09	2.11	2.18
Fixed Assets Turnover	4.47	4.82	5.31	5.57	6.02
Receivables Turnover (Average Receivables)	6.97	7.6	8.28	8.7	10.19
Inventory Turnover (Average Inventory)	5.06	4.42	4.47	4.07	3.84
Short Term Liquidity
Current Ratio	2.02	1.73	1.82	1.77	1.78
Quick Ratio	0.94	0.8	0.8	0.73	0.59
Operating Cash Flow to Current Liabilities	0.09	0.1	0.27	0.18	0.17
Days Sales Outstanding (Average Receivables)	52.4	48.02	44.2	41.94	35.82
Days Outstanding Inventory (Average Inventory)	72.17	82.6	81.82	89.59	95.1
Average Days Payable Outstanding	19.49	29.17	24.93	14.63	14.61
Cash Conversion Cycle (Average Days)	105.08	101.45	101.09	116.91	116.31
Long Term Solvency
Total Debt/Equity	48.16	52.98	51.79	53.59	47.81
Total Debt / Total Capital	32.51	34.63	34.12	34.89	32.34
LT Debt/Equity	7.67	8.75	9.3	3.94	3.48
Long-Term Debt / Total Capital	5.18	5.72	6.12	2.56	2.36
Total Liabilities / Total Assets	53.87	57.37	54.99	54.53	52.83
EBIT / Interest Expense	6	6.17	7.31	8.48	6.68
EBITDA / Interest Expense	7.58	7.68	8.84	10.38	8.4
(EBITDA - Capex) / Interest Expense	2.87	3.22	4.48	7.05	3.4
Total Debt / EBITDA	1.89	1.99	1.68	1.9	2.07
Net Debt / EBITDA	1.84	1.87	1.58	1.81	1.96
Total Debt / (EBITDA - Capex)	4.99	4.74	3.31	2.8	5.1
Net Debt / (EBITDA - Capex)	4.86	4.45	3.13	2.66	4.85
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.22	21.73	23.9	14.01	18.22
Gross Profit, 1 Yr. Growth %	8.88	16.6	22.42	14.72	11.56
EBITDA, 1 Yr. Growth %	13.85	18.77	33.41	7.99	-4.34
EBITA, 1 Yr. Growth %	9.06	20.79	37.9	6.88	-6.85
EBIT, 1 Yr. Growth %	8.79	20.37	37.55	6.71	-6.85
Earnings From Cont. Operations, 1 Yr. Growth %	-2.46	18.17	43.23	7.98	8.07
Net Income, 1 Yr. Growth %	-2.46	18.17	43.23	7.98	8.07
Normalized Net Income, 1 Yr. Growth %	-4.72	17.47	47.31	8.34	-8.02
Diluted EPS Before Extra, 1 Yr. Growth %	-2.39	26.04	34.22	8.02	8.03
Accounts Receivable, 1 Yr. Growth %	-4.7	28.6	2.18	14.64	-10.93
Inventory, 1 Yr. Growth %	70.17	26.83	20.37	28.4	30.26
Net Property, Plant and Equip., 1 Yr. Growth %	12.89	12.61	12.57	5.21	13.29
Total Assets, 1 Yr. Growth %	15.98	23.8	8.56	16.89	12.35
Tangible Book Value, 1 Yr. Growth %	9.45	14.31	14.69	18.13	16.54
Common Equity, 1 Yr. Growth %	9.47	14.39	14.6	18.08	16.55
Cash From Operations, 1 Yr. Growth %	-23.95	-6.82	185.74	-18.33	8.07
Capital Expenditures, 1 Yr. Growth %	-10.54	11.62	12.72	-29.75	77.48
Levered Free Cash Flow, 1 Yr. Growth %	-49.8	239.21	-63.12	134.73	-36.58
Unlevered Free Cash Flow, 1 Yr. Growth %	-55	327.29	-71.7	198.42	-44.11
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.33	11	22.81	18.85	16.1
Gross Profit, 2 Yr. CAGR %	6.6	12.67	19.47	18.51	13.13
EBITDA, 2 Yr. CAGR %	15.28	16.66	25.52	20.03	1.64
EBITA, 2 Yr. CAGR %	12.96	15.11	28.38	21.25	-0.3
EBIT, 2 Yr. CAGR %	12.82	14.91	28.22	21.15	-0.3
Earnings From Cont. Operations, 2 Yr. CAGR %	3.91	8.06	30.1	24.36	8.02
Net Income, 2 Yr. CAGR %	3.91	8.06	30.1	24.36	8.02
Normalized Net Income, 2 Yr. CAGR %	4.71	6.29	31	26.33	-0.55
Diluted EPS Before Extra, 2 Yr. CAGR %	3.88	11.64	30.07	20.41	8.03
Accounts Receivable, 2 Yr. CAGR %	1.13	10.7	14.63	8.23	1.05
Inventory, 2 Yr. CAGR %	102.44	46.91	23.56	24.32	29.33
Net Property, Plant and Equip., 2 Yr. CAGR %	16.67	12.75	12.59	8.83	9.17
Total Assets, 2 Yr. CAGR %	23.21	19.84	15.93	12.64	14.6
Tangible Book Value, 2 Yr. CAGR %	10.66	11.88	14.5	16.4	17.33
Common Equity, 2 Yr. CAGR %	10.65	11.93	14.5	16.33	17.31
Cash From Operations, 2 Yr. CAGR %	-29.2	11.59	63.17	52.76	-6.05
Capital Expenditures, 2 Yr. CAGR %	-11.32	-0.07	12.17	-11.02	11.66
Levered Free Cash Flow, 2 Yr. CAGR %	0.36	-19.02	12.09	-6.96	22.02
Unlevered Free Cash Flow, 2 Yr. CAGR %	-4.73	-22.88	10.23	-8.1	29.14
Dividend Per Share, 2 Yr. CAGR %	-	15.47	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.01	9.83	15.14	19.8	18.64
Gross Profit, 3 Yr. CAGR %	9.09	9.83	15.83	17.87	16.15
EBITDA, 3 Yr. CAGR %	16.64	16.68	21.77	19.38	11.28
EBITA, 3 Yr. CAGR %	15.38	15.73	21.82	20.67	10.99
EBIT, 3 Yr. CAGR %	15.28	15.6	21.72	20.61	10.99
Earnings From Cont. Operations, 3 Yr. CAGR %	14.03	8.93	18.7	22.26	18.67
Net Income, 3 Yr. CAGR %	14.03	8.93	18.7	22.26	18.67
Normalized Net Income, 3 Yr. CAGR %	9.25	9.14	18.18	22.96	13.37
Diluted EPS Before Extra, 3 Yr. CAGR %	14.06	11.28	18.71	22.26	16.13
Accounts Receivable, 3 Yr. CAGR %	7.84	9.56	7.79	14.63	1.43
Inventory, 3 Yr. CAGR %	62.06	73.22	37.47	25.15	26.27
Net Property, Plant and Equip., 3 Yr. CAGR %	21.95	15.3	12.69	10.07	10.29
Total Assets, 3 Yr. CAGR %	23.02	23.41	15.95	16.24	12.55
Tangible Book Value, 3 Yr. CAGR %	12.77	11.88	12.81	15.7	16.45
Common Equity, 3 Yr. CAGR %	12.74	11.9	12.81	15.68	16.4
Cash From Operations, 3 Yr. CAGR %	-20.06	-6.37	52.67	29.56	36.11
Capital Expenditures, 3 Yr. CAGR %	10.14	-4.25	4.02	-4.03	12.01
Levered Free Cash Flow, 3 Yr. CAGR %	3.49	9.58	-37.61	43.41	-18.11
Unlevered Free Cash Flow, 3 Yr. CAGR %	-0.02	6.25	-44.7	53.63	-22.14
Dividend Per Share, 3 Yr. CAGR %	-	16.96	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	14.19	13.54	12.43	13.36	15.52
Gross Profit, 5 Yr. CAGR %	19.17	17.57	13.13	13.23	14.74
EBITDA, 5 Yr. CAGR %	23.86	20.97	20.27	17.88	13.28
EBITA, 5 Yr. CAGR %	28.02	21.92	20.55	17.66	12.38
EBIT, 5 Yr. CAGR %	27.95	21.84	20.49	17.62	12.38
Earnings From Cont. Operations, 5 Yr. CAGR %	31.81	20.32	20.52	14.86	14.31
Net Income, 5 Yr. CAGR %	31.81	20.32	20.52	14.86	14.31
Normalized Net Income, 5 Yr. CAGR %	26.45	19.6	17.7	15.52	10.3
Diluted EPS Before Extra, 5 Yr. CAGR %	23.91	14.57	20.52	14.85	14.32
Accounts Receivable, 5 Yr. CAGR %	22.16	13.55	10.5	9.03	5.04
Inventory, 5 Yr. CAGR %	51.96	60.6	45.4	51.7	34.15
Net Property, Plant and Equip., 5 Yr. CAGR %	21.53	19.9	18.11	12.66	11.27
Total Assets, 5 Yr. CAGR %	23.14	23.91	20.14	18.99	15.41
Tangible Book Value, 5 Yr. CAGR %	28.5	25.34	13.47	13.67	14.6
Common Equity, 5 Yr. CAGR %	28.45	25.33	13.45	13.65	14.59
Cash From Operations, 5 Yr. CAGR %	71.82	-1.83	19.04	13.88	25.72
Capital Expenditures, 5 Yr. CAGR %	1.87	21	10.95	-7.02	7.01
Levered Free Cash Flow, 5 Yr. CAGR %	2.53	61.09	-11.72	2.73	-18.41
Unlevered Free Cash Flow, 5 Yr. CAGR %	0.73	66.73	-17.79	0.35	-22.36