The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 4.66 is strong.
Dolphin Offshore Enterprises India has a Altman Z-Score of 4.46, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
BOM:522261'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.34 Med: 3.54 Max: 116.87
Current: 4.66
During the past 13 years, Dolphin Offshore Enterprises India's highest Altman Z-Score was 116.87. The lowest was -0.34. And the median was 3.54.
Dolphin Offshore Enterprises India (BOM:522261) Altman Z-Score Explanation
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Dolphin Offshore Enterprises India Altman Z-Score Chart
BOM:522261 vs SLB, BKR, HAL: Altman Z-Score Comparison
For the Oil & Gas Equipment & Services subindustry, Dolphin Offshore Enterprises India's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Dolphin Offshore Enterprises India Altman Z-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Dolphin Offshore Enterprises India's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Dolphin Offshore Enterprises India's Altman Z-Score falls into.
Dolphin Offshore Enterprises India Altman Z-Score Calculation
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Dolphin Offshore Enterprises India (BOM:522261) has a Altman Z-Score of 4.46 as of Jul. 08, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Dolphin Offshore Enterprises India and its competitors. This is 26% above median its historical median of 3.54. According to the industry distribution chart, Dolphin Offshore Enterprises India ranks #153 out of 896 companies in the Oil & Gas industry, placing it in the top 17.1%.
Is Dolphin Offshore Enterprises India's Altman Z-Score too high?
Dolphin Offshore Enterprises India's current Altman Z-Score of 4.46 is 26% above median its 10-year median of 3.54. The Oil & Gas industry median Altman Z-Score is 1.90. Dolphin Offshore Enterprises India's value of 4.46 is 134.7% above this industry median. Based on the distribution chart, Dolphin Offshore Enterprises India ranks #153 out of 896 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Dolphin Offshore Enterprises India has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dolphin Offshore Enterprises India's Altman Z-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Dolphin Offshore Enterprises India ranks #153 out of 896 companies for Altman Z-Score. This places Dolphin Offshore Enterprises India in the top 17% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.90. Dolphin Offshore Enterprises India's value of 4.46 is 134.7% above this benchmark. While the company's 10-year median is 3.54 vs. the industry median of 1.90, Dolphin Offshore Enterprises India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for an Oil & Gas company?
The median Altman Z-Score among Oil & Gas companies is 1.90, based on 896 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dolphin Offshore Enterprises India's current Altman Z-Score of 4.46 is 134.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Dolphin Offshore Enterprises India and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dolphin Offshore Enterprises India's current Altman Z-Score is 4.46, which is 26% above median its own 10-year median of 3.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dolphin Offshore Enterprises India stock overvalued right now?
Based on GuruFocus' analysis, Dolphin Offshore Enterprises India (BOM:522261) is currently considered Possible Value Trap. The stock's GF Value™ is ₹2,121.92, compared to a current price of ₹361.00 — trading 83% below its estimated fair value. The current Altman Z-Score is 4.46, which is 26% above median its 10-year median of 3.54 and 134.7% above the Oil & Gas industry median of 1.90. Dolphin Offshore Enterprises India's overall GF Score™ is 54/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Dolphin Offshore Enterprises India (BOM:522261), the current Altman Z-Score is 4.46 as of Jul. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dolphin Offshore Enterprises India (BOM:522261) Overvalued in 2026?
Based on GuruFocus' analysis, Dolphin Offshore Enterprises India stock appears to be undervalued.
The current stock price of ₹361.00 is trading 83% below its estimated GF Value™ of ₹2,121.92.
GuruFocus considers Dolphin Offshore Enterprises India to be Possible Value Trap.
Key valuation signals for BOM:522261:
Altman Z-Score: 4.46 (26% above median its 10-year median of 3.54)
GF Value™: ₹2,121.92 vs. price of ₹361.00 (83% below fair value)
Industry Position: 134.7% above the Oil & Gas median (#153 of 896)
No single metric tells the full story. See the BOM:522261 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dolphin Offshore Enterprises India Business Description
Dolphin Offshore Enterprises India Ltd is a provider of underwater services to the Indian oil and gas industry including underwater diving and engineering, design and engineering, vessel operations and management, rig and ship repairs, marine logistics, and fabrication. It also provides equipments like air compressors, gas compressors, exploration and production equipment, and others. The company operates in the Gulf of Mexico, the Caribbean, Brazil, West Africa, Asia Pacific, Middle East, and domestically.
54GF Score
Get the complete analysis for BOM:522261
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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