Dolphin Medical Services Ltd

NSE: BSE: 526504

₹6.31

(4.83%)

Sun, 18 Oct 2026, 10:24 pm

MTF 5xInvest in Dolphin Medical Services Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)9.53

PE Ratio171.00

Dividend0

Health Services

Medical/Nursing Services

24.5K

Dolphin Medical Services Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Interest expense on debt	-128.98K	-5.27M	-6.65M	-11.80M	-7.02M	-498.79K	-465.91K	-566.68K	-51.22K	-120.42K	-107.90K	-69.85K	-109.15K	-107.13K	-104.63K	-106.28K	-109.28K
Pretax equity in earnings	—	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	237.37M	252.82M	255.59M	246.95M	232.97M	223.04M	216.69M	215.98M	213.50M	210.07M	179.89M	178.79M	123.28M	122.32M	121.73M	121.32M	120.76M
Total current assets	37.18M	30.21M	33.09M	26.90M	19.38M	16.47M	15.42M	18.97M	20.96M	20.86M	19.72M	19.57M	19.84M	19.61M	19.65M	19.71M	19.77M
Cash and short term investments	6.07M	1.06M	893.74K	114.50K	137.50K	97.08K	71.03K	66.27K	83.72K	52.17K	37.61K	100.47K	354.77K	117.35K	137.65K	165.15K	202.11K
Cash & equivalents	1.98M	1.06M	893.74K	114.50K	137.50K	97.08K	71.03K	66.27K	83.72K	42.04K	37.61K	100.47K	354.77K	117.35K	137.65K	165.15K	202.11K
Short term investments	4.09M	—	0	0	—	0	0	0	0	10.13K	—	0	0	0	0	0	0
Total receivables, net	26.80M	27.69M	27.78M	24.78M	18.53M	0	0	0	0	0	0	19.47M	19.47M	19.47M	19.47M	19.47M	19.47M
Accounts receivable - trade, net	—	—	—	—	—	—	—	—	—	0	—	—	—	—	—	—	—
Other receivables	—	—	—	—	—	—	—	—	—	0	—	—	—	—	—	—	—
Total inventory	326.79K	351.74K	340.57K	464.01K	397.52K	284.79K	71.40K	78.10K	49.27K	39.64K	0	3.57K	14.93K	24.16K	39.62K	72.51K	95.62K
Other current assets, total	3.98M	1.11M	4.07M	1.47M	210.00K	16.05M	15.27M	18.82M	20.82M	20.77M	19.68M	0	—	—	—	—	—
Total non-current assets	200.19M	222.60M	222.51M	220.05M	213.59M	206.56M	201.28M	197.01M	192.55M	189.20M	160.17M	159.22M	103.44M	102.71M	102.08M	101.62M	100.99M
Long term investments	4.10M	4.10M	4.10M	32.30M	32.40M	4.10M	4.78M	5.90M	4.78M	32.30M	32.30M	32.30M	32.30M	32.30M	32.30M	32.30M	32.30M
Note receivable - long term	—	—	—	28.20M	28.20M	—	—	—	—	28.20M	28.20M	28.20M	28.20M	28.20M	28.20M	28.20M	28.20M
Investments in unconsolidated subsidiaries	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	4.10M	4.10M	4.10M	4.10M	4.20M	4.10M	4.78M	5.90M	4.78M	4.10M	4.10M	4.10M	4.10M	4.10M	4.10M	4.10M	4.10M
Net property/plant/equipment	166.37M	187.78M	187.32M	147.46M	140.86M	133.72M	128.55M	125.07M	121.72M	118.38M	89.35M	88.84M	33.06M	32.43M	31.80M	31.34M	30.71M
Gross property/plant/equipment	194.69M	221.77M	227.25M	176.64M	165.77M	174.12M	173.92M	164.20M	164.20M	164.20M	134.74M	134.84M	42.83M	42.54M	42.54M	42.54M	42.54M
Deferred tax assets	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net intangible assets	7.92M	8.21M	8.21M	16.30M	16.30M	16.30M	16.30M	16.30M	16.30M	16.30M	37.85M	37.85M	37.85M	37.85M	37.85M	37.85M	37.85M
Goodwill, net	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	7.92M	8.21M	8.21M	16.30M	16.30M	16.30M	16.30M	16.30M	16.30M	16.30M	37.85M	37.85M	37.85M	37.85M	37.85M	37.85M	37.85M
Other long term assets, total	0	0	0	835.45K	732.42K	29.03M	28.20M	28.20M	28.20M	679.42K	679.42K	238.50K	238.50K	135.00K	135.00K	135.00K	135.00K
Short term debt	0	0	0	468.20K	163.19K	0	0	0	0	0	0	0	0	0	0	0	0
Current portion of LT debt and capital leases	0	0	0	—	—	—	—	—	—	—	0	0	0	0	0	0	0
Short term debt excl. current portion of LT debt	0	0	0	468.20K	163.19K	0	0	0	0	0	0	0	0	0	0	0	0
Accounts payable	—	—	—	113.46K	19.63K	58.94K	151.04K	11.18K	17.50K	17.23K	6.40K	0	0	0	0	0	0
Income tax payable	0	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Long term debt	54.87M	69.40M	69.86M	76.46M	82.21M	80.96M	80.47M	81.56M	82.05M	82.05M	62.20M	63.70M	6.09M	6.84M	7.55M	8.03M	8.66M
Long term debt excl. lease liabilities	54.05M	67.89M	69.86M	76.46M	82.21M	80.96M	80.47M	81.56M	82.05M	82.05M	62.20M	63.70M	6.09M	6.84M	7.55M	8.03M	8.66M
Total equity	178.20M	177.50M	177.64M	162.73M	143.08M	134.53M	128.82M	127.57M	124.90M	121.92M	111.87M	108.02M	104.89M	103.02M	101.77M	100.73M	100.40M
Shareholders' equity	178.00M	177.10M	177.11M	162.21M	142.43M	133.78M	128.03M	127.57M	124.90M	121.92M	111.87M	108.02M	104.89M	103.02M	101.77M	100.73M	100.40M
Common equity, total	178.00M	177.10M	177.11M	162.21M	142.43M	133.78M	128.03M	127.57M	124.90M	121.92M	111.87M	108.02M	104.89M	103.02M	101.77M	100.73M	100.40M
Other common equity	3.23M	3.23M	2.42M	-12.48M	-32.26M	3.23M	3.23M	3.23M	3.23M	3.23M	-62.82M	3.23M	3.23M	3.23M	3.23M	3.23M	3.23M
Total debt	54.87M	69.40M	69.86M	76.93M	82.37M	80.96M	80.47M	81.56M	82.05M	82.05M	62.20M	63.70M	6.09M	6.84M	7.55M	8.03M	8.66M
Net debt	48.79M	68.34M	68.96M	76.81M	82.23M	80.86M	80.40M	81.50M	81.97M	82.00M	62.16M	63.60M	5.74M	6.72M	7.41M	7.86M	8.46M
Change in accounts receivable	—	-896.27K	-3.05M	5.22M	7.47M	0	—	—	—	—	—	—	—	—	—	—	—
Change in taxes payable	—	0	—	—	—	39.41K	-169.77K	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	—	38.41K	15.20K	-138.82K	-93.83K	39.31K	92.10K	-139.86K	6.32K	-264	-10.12K	-6.40K	—	—	—	—	—
Change in other assets/liabilities	—	2.95M	1.16M	-1.12M	3.81K	2.71M	685.95K	-4.29M	-2.00M	-509.68K	954.71K	1.65M	4.96M	63.23K	-219.24K	-14.02K	-992.76K
Sale of fixed assets & businesses	—	0	0	0	12.14M	0	45.00K	144.73K	0	0	19.65M	250.00K	0	0	0	0	0
Purchase/sale of investments, net	—	0	0	0	0	0	0	0	250.00K	0	0	0	0	0	0	0	0
Sale/maturity of investments	—	0	0	0	0	0	0	0	250.00K	0	0	0	0	—	0	0	0
Purchase of investments	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investing cash flow items, total	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of debt, net	—	14.53M	460.97K	-450.93K	-305.01K	-163.19K	-489.00K	1.09M	487.00K	0	-19.85M	1.50M	-2.47M	749.05K	711.08K	477.62K	634.13K
Issuance/retirement of long term debt	—	14.53M	460.97K	0	0	0	-489.00K	1.09M	487.00K	0	-19.85M	1.50M	-2.47M	749.05K	711.08K	477.62K	—
Issuance/retirement of short term debt	—	0	0	-450.93K	-305.01K	-163.19K	—	—	0	0	0	0	0	0	0	0	0
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	634.13K
Total cash dividends paid	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other financing cash flow items, total	—	-806.82K	-238.82K	-8.37M	-17.44K	-17.56K	0	-20.82K	0	0	0	0	0	0	0	0	0

Particulars	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Interest expense on debt	-128.98K	-5.27M	-6.65M	-11.80M	-7.02M	-498.79K	-465.91K	-566.68K	-51.22K	-120.42K	-107.90K	-69.85K	-109.15K	-107.13K	-104.63K	-106.28K	-109.28K
Pretax equity in earnings	—	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	237.37M	252.82M	255.59M	246.95M	232.97M	223.04M	216.69M	215.98M	213.50M	210.07M	179.89M	178.79M	123.28M	122.32M	121.73M	121.32M	120.76M
Total current assets	37.18M	30.21M	33.09M	26.90M	19.38M	16.47M	15.42M	18.97M	20.96M	20.86M	19.72M	19.57M	19.84M	19.61M	19.65M	19.71M	19.77M
Cash and short term investments	6.07M	1.06M	893.74K	114.50K	137.50K	97.08K	71.03K	66.27K	83.72K	52.17K	37.61K	100.47K	354.77K	117.35K	137.65K	165.15K	202.11K
Cash & equivalents	1.98M	1.06M	893.74K	114.50K	137.50K	97.08K	71.03K	66.27K	83.72K	42.04K	37.61K	100.47K	354.77K	117.35K	137.65K	165.15K	202.11K
Short term investments	4.09M	—	0	0	—	0	0	0	0	10.13K	—	0	0	0	0	0	0
Total receivables, net	26.80M	27.69M	27.78M	24.78M	18.53M	0	0	0	0	0	0	19.47M	19.47M	19.47M	19.47M	19.47M	19.47M
Accounts receivable - trade, net	—	—	—	—	—	—	—	—	—	0	—	—	—	—	—	—	—
Other receivables	—	—	—	—	—	—	—	—	—	0	—	—	—	—	—	—	—
Total inventory	326.79K	351.74K	340.57K	464.01K	397.52K	284.79K	71.40K	78.10K	49.27K	39.64K	0	3.57K	14.93K	24.16K	39.62K	72.51K	95.62K
Other current assets, total	3.98M	1.11M	4.07M	1.47M	210.00K	16.05M	15.27M	18.82M	20.82M	20.77M	19.68M	0	—	—	—	—	—
Total non-current assets	200.19M	222.60M	222.51M	220.05M	213.59M	206.56M	201.28M	197.01M	192.55M	189.20M	160.17M	159.22M	103.44M	102.71M	102.08M	101.62M	100.99M
Long term investments	4.10M	4.10M	4.10M	32.30M	32.40M	4.10M	4.78M	5.90M	4.78M	32.30M	32.30M	32.30M	32.30M	32.30M	32.30M	32.30M	32.30M
Note receivable - long term	—	—	—	28.20M	28.20M	—	—	—	—	28.20M	28.20M	28.20M	28.20M	28.20M	28.20M	28.20M	28.20M
Investments in unconsolidated subsidiaries	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	4.10M	4.10M	4.10M	4.10M	4.20M	4.10M	4.78M	5.90M	4.78M	4.10M	4.10M	4.10M	4.10M	4.10M	4.10M	4.10M	4.10M
Net property/plant/equipment	166.37M	187.78M	187.32M	147.46M	140.86M	133.72M	128.55M	125.07M	121.72M	118.38M	89.35M	88.84M	33.06M	32.43M	31.80M	31.34M	30.71M
Gross property/plant/equipment	194.69M	221.77M	227.25M	176.64M	165.77M	174.12M	173.92M	164.20M	164.20M	164.20M	134.74M	134.84M	42.83M	42.54M	42.54M	42.54M	42.54M
Deferred tax assets	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net intangible assets	7.92M	8.21M	8.21M	16.30M	16.30M	16.30M	16.30M	16.30M	16.30M	16.30M	37.85M	37.85M	37.85M	37.85M	37.85M	37.85M	37.85M
Goodwill, net	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	7.92M	8.21M	8.21M	16.30M	16.30M	16.30M	16.30M	16.30M	16.30M	16.30M	37.85M	37.85M	37.85M	37.85M	37.85M	37.85M	37.85M
Other long term assets, total	0	0	0	835.45K	732.42K	29.03M	28.20M	28.20M	28.20M	679.42K	679.42K	238.50K	238.50K	135.00K	135.00K	135.00K	135.00K
Short term debt	0	0	0	468.20K	163.19K	0	0	0	0	0	0	0	0	0	0	0	0
Current portion of LT debt and capital leases	0	0	0	—	—	—	—	—	—	—	0	0	0	0	0	0	0
Short term debt excl. current portion of LT debt	0	0	0	468.20K	163.19K	0	0	0	0	0	0	0	0	0	0	0	0
Accounts payable	—	—	—	113.46K	19.63K	58.94K	151.04K	11.18K	17.50K	17.23K	6.40K	0	0	0	0	0	0
Income tax payable	0	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Long term debt	54.87M	69.40M	69.86M	76.46M	82.21M	80.96M	80.47M	81.56M	82.05M	82.05M	62.20M	63.70M	6.09M	6.84M	7.55M	8.03M	8.66M
Long term debt excl. lease liabilities	54.05M	67.89M	69.86M	76.46M	82.21M	80.96M	80.47M	81.56M	82.05M	82.05M	62.20M	63.70M	6.09M	6.84M	7.55M	8.03M	8.66M
Total equity	178.20M	177.50M	177.64M	162.73M	143.08M	134.53M	128.82M	127.57M	124.90M	121.92M	111.87M	108.02M	104.89M	103.02M	101.77M	100.73M	100.40M
Shareholders' equity	178.00M	177.10M	177.11M	162.21M	142.43M	133.78M	128.03M	127.57M	124.90M	121.92M	111.87M	108.02M	104.89M	103.02M	101.77M	100.73M	100.40M
Common equity, total	178.00M	177.10M	177.11M	162.21M	142.43M	133.78M	128.03M	127.57M	124.90M	121.92M	111.87M	108.02M	104.89M	103.02M	101.77M	100.73M	100.40M
Other common equity	3.23M	3.23M	2.42M	-12.48M	-32.26M	3.23M	3.23M	3.23M	3.23M	3.23M	-62.82M	3.23M	3.23M	3.23M	3.23M	3.23M	3.23M
Total debt	54.87M	69.40M	69.86M	76.93M	82.37M	80.96M	80.47M	81.56M	82.05M	82.05M	62.20M	63.70M	6.09M	6.84M	7.55M	8.03M	8.66M
Net debt	48.79M	68.34M	68.96M	76.81M	82.23M	80.86M	80.40M	81.50M	81.97M	82.00M	62.16M	63.60M	5.74M	6.72M	7.41M	7.86M	8.46M
Change in accounts receivable	—	-896.27K	-3.05M	5.22M	7.47M	0	—	—	—	—	—	—	—	—	—	—	—
Change in taxes payable	—	0	—	—	—	39.41K	-169.77K	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	—	38.41K	15.20K	-138.82K	-93.83K	39.31K	92.10K	-139.86K	6.32K	-264	-10.12K	-6.40K	—	—	—	—	—
Change in other assets/liabilities	—	2.95M	1.16M	-1.12M	3.81K	2.71M	685.95K	-4.29M	-2.00M	-509.68K	954.71K	1.65M	4.96M	63.23K	-219.24K	-14.02K	-992.76K
Sale of fixed assets & businesses	—	0	0	0	12.14M	0	45.00K	144.73K	0	0	19.65M	250.00K	0	0	0	0	0
Purchase/sale of investments, net	—	0	0	0	0	0	0	0	250.00K	0	0	0	0	0	0	0	0
Sale/maturity of investments	—	0	0	0	0	0	0	0	250.00K	0	0	0	0	—	0	0	0
Purchase of investments	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investing cash flow items, total	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of debt, net	—	14.53M	460.97K	-450.93K	-305.01K	-163.19K	-489.00K	1.09M	487.00K	0	-19.85M	1.50M	-2.47M	749.05K	711.08K	477.62K	634.13K
Issuance/retirement of long term debt	—	14.53M	460.97K	0	0	0	-489.00K	1.09M	487.00K	0	-19.85M	1.50M	-2.47M	749.05K	711.08K	477.62K	—
Issuance/retirement of short term debt	—	0	0	-450.93K	-305.01K	-163.19K	—	—	0	0	0	0	0	0	0	0	0
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	634.13K
Total cash dividends paid	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other financing cash flow items, total	—	-806.82K	-238.82K	-8.37M	-17.44K	-17.56K	0	-20.82K	0	0	0	0	0	0	0	0	0