Dolphin Kitchen Utensils (544170)

Score breakdown: P/E: 3/3 · ROCE: 1/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

Strengths

• Low P/E of 7.68 and PEG of 0.13 relative to 110.71% profit growth
• Strong ROCE of 19.27% indicates efficient use of capital
• Piotroski F-score of 7/9 suggests improving fundamental health
• Latest quarter net profit of ₹4 Cr on ₹25 Cr sales shows a strong 16% margin

Concerns

• Sales growth of only 8.98% lags far behind profit growth, suggesting margin-driven expansion that may not be durable
• Dividend yield is zero, so shareholders get no cash return while waiting
• Debt/equity, book value, and promoter holding are unavailable, leaving financial risk and governance unclear
• Kitchen utensils is a competitive, low-moat category with limited pricing power

AI Analysis

At ₹32.27, Dolphin Kitchen Utensils is a tiny ₹43 Cr affair. At first glance, the numbers look like a classic Graham cigar-butt with a pulse. The P/E is 7.68, profit growth is 110.71%, and the PEG ratio is 0.13. If those figures are repeatable, Mr. Market is practically giving the kitchen away. But I must resist the reflexive urge to call it a bargain. Sales growth is only 8.98%; the spectacular profit growth is running far ahead of revenue, meaning margins are doing the heavy lifting. The latest quarter reported net profit of ₹4 Cr on sales of ₹25 Cr — a 16% net margin. That is excellent, but I have seen kitchen appliance companies enjoy such margins in a good season, only to give them back as competition returns. Graham taught me to pay attention to the balance sheet. Here, book value, debt/equity, and promoter holding are not available. Without those, I cannot calculate the true margin of safety. A Piotroski F-score of 7/9 and ROCE of 19.27% are encouraging, but they are not substitutes for knowing who owns the company and how much debt sits on it. With zero dividend yield, my patience will not be rewarded while I wait. Still, at ₹43 Cr market cap, the market holds low expectations. If the business can keep growing sales even at 9% and sustain these margins, the current price leaves significant room. I would call it a small fast grower, but one where incomplete data demands a smaller position size and close scrutiny.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer