Jain Irrigation vs Dolphin Offshore vs Pix Transmissions: Which Stock Should You Track

Jain Irrigation Systems vs Dolphin Offshore Enterprises (India) vs Pix Transmissions starts with the core numbers most investors compare within the engineering and industrials segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.

All three names sit in the engineering and industrials bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.

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Jain Irrigation Systems, Dolphin Offshore Enterprises (India) and Pix Transmissions: Company Overview

Jain Irrigation Systems is a listed Indian company in the engineering and industrials space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 1,934 crore, a return on equity of -0.49% and a book value of Rs 81.80 per share. Its quarterly revenue moved from Rs 1,547.68 crore in June 2025 to Rs 1,518.32 crore in June 2026, a change of -1.9%.

Dolphin Offshore Enterprises (India) is a listed Indian company in the engineering and industrials space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 2,479 crore, a return on equity of 19.39% and a book value of Rs 88.35 per share. Its quarterly revenue moved from Rs 16.44 crore in June 2025 to Rs 42.88 crore in June 2026, a change of +160.8%.

Pix Transmissions is a listed Indian company in the engineering and industrials space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 2,387 crore, a return on equity of 15.34% and a book value of Rs 511.14 per share. Its quarterly revenue moved from Rs 135.74 crore in June 2025 to Rs 176.67 crore in June 2026, a change of +30.2%.

Jain Irrigation Systems vs Dolphin Offshore Enterprises (India) vs Pix Transmissions: Valuation and Profitability Snapshot

Metric	Jain Irrigation Systems	Dolphin Offshore Enterprises (India)	Pix Transmissions
Market Cap (approx.)	Rs 1,934 crore	Rs 2,479 crore	Rs 2,387 crore
PE Ratio (TTM)	NA	34.43	18.11
PB Ratio	0.33	7.01	3.43
Return on Equity (ROE)	-0.49%	19.39%	15.34%
EPS (TTM, Rs)	-0.97	18.00	96.68
Dividend Yield	0.00%	0.00%	0.51%
Debt to Equity	0.74	0.57	0.03
Book Value per Share (Rs)	81.80	88.35	511.14

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On valuation, Jain Irrigation Systems trades at a PE of NA and a PB of 0.33, Dolphin Offshore Enterprises (India) at a PE of 34.43 and a PB of 7.01, while Pix Transmissions trades at a PE of 18.11 and a PB of 3.43. On return on equity, the three post -0.49%, 19.39% and 15.34% respectively, and on dividend yield they stand at 0.00%, 0.00% and 0.51%. Dolphin Offshore Enterprises (India) has the highest market capitalisation of the three at Rs 2,479 crore, while Jain Irrigation Systems has the lowest at Rs 1,934 crore. Dolphin Offshore Enterprises (India) has the highest PE ratio of the three at 34.43, while Pix Transmissions has the lowest at 18.11. Dolphin Offshore Enterprises (India) has the highest return on equity of the three at 19.39%, while Jain Irrigation Systems has the lowest at -0.49%. Jain Irrigation Systems has the highest debt to equity ratio of the three at 0.74, while Pix Transmissions has the lowest at 0.03. Debt to equity is 0.74, 0.57 and 0.03 for the three respectively.

Jain Irrigation Systems vs Dolphin Offshore Enterprises (India) vs Pix Transmissions: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)	YoY Change (Net Profit)
Jain Irrigation Systems	Rs 1,518.32 crore	-Rs 17.80 crore	-1.9%	-16.8%	-259.1%
Dolphin Offshore Enterprises (India)	Rs 42.88 crore	Rs 14.81 crore	+160.8%	-24.8%	+30.7%
Pix Transmissions	Rs 176.67 crore	Rs 52.75 crore	+30.2%	-0.2%	+89.3%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.

Jain Irrigation Systems vs Dolphin Offshore Enterprises (India) vs Pix Transmissions: Five-Quarter Revenue and Net Profit Trend

The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Jain Irrigation Systems vs Dolphin Offshore Enterprises (India) vs Pix Transmissions, which helps separate a one-quarter move from a steadier pattern.

Quarterly revenue (Rs crore)

Quarter	Jain Irrigation Systems	Dolphin Offshore Enterprises (India)	Pix Transmissions
June 2025	Rs 1,547.68 crore	Rs 16.44 crore	Rs 135.74 crore
September 2025	Rs 1,438.15 crore	Rs 28.66 crore	Rs 143.58 crore
December 2025	Rs 1,602.86 crore	Rs 31.70 crore	Rs 160.26 crore
March 2026	Rs 1,824.63 crore	Rs 57.03 crore	Rs 177.02 crore
June 2026	Rs 1,518.32 crore	Rs 42.88 crore	Rs 176.67 crore

Quarterly net profit (Rs crore)

Quarter	Jain Irrigation Systems	Dolphin Offshore Enterprises (India)	Pix Transmissions
June 2025	Rs 11.19 crore	Rs 11.33 crore	Rs 27.86 crore
September 2025	Rs 15.34 crore	Rs 15.61 crore	Rs 23.54 crore
December 2025	-Rs 47.48 crore	Rs 13.27 crore	Rs 35.26 crore
March 2026	-Rs 19.04 crore	Rs 28.33 crore	Rs 20.22 crore
June 2026	-Rs 17.80 crore	Rs 14.81 crore	Rs 52.75 crore

Jain Irrigation Systems reported revenue of Rs 1,547.68 crore in June 2025 and Rs 1,518.32 crore in June 2026, a change of -1.9% across the period. Its highest quarterly revenue in this window was Rs 1,824.63 crore in March 2026. Net profit stood at -Rs 17.80 crore in June 2026, which is a net profit margin of -1.17% (a net loss for the quarter). Jain Irrigation Systems reported a net loss in December 2025, March 2026 and June 2026.

Dolphin Offshore Enterprises (India) reported revenue of Rs 16.44 crore in June 2025 and Rs 42.88 crore in June 2026, a change of +160.8% across the period. Its highest quarterly revenue in this window was Rs 57.03 crore in March 2026. Net profit stood at Rs 14.81 crore in June 2026, which is a net profit margin of 34.54%.

Pix Transmissions reported revenue of Rs 135.74 crore in June 2025 and Rs 176.67 crore in June 2026, a change of +30.2% across the period. Its highest quarterly revenue in this window was Rs 177.02 crore in March 2026. Net profit stood at Rs 52.75 crore in June 2026, which is a net profit margin of 29.86%.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three engineering and industrials names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as order book size, commodity costs, customer demand and debt levels. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.

It also helps to read the latest quarterly filings and investor presentations of Jain Irrigation Systems, Dolphin Offshore Enterprises (India) and Pix Transmissions directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.

Conclusion

Jain Irrigation Systems vs Dolphin Offshore Enterprises (India) vs Pix Transmissions highlights how differently three companies in the same engineering and industrials segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on Jain Irrigation Systems vs Dolphin Offshore Enterprises (India) vs Pix Transmissions

What is the market cap difference between Jain Irrigation Systems, Dolphin Offshore Enterprises (India) and Pix Transmissions?

Ans. As of October 2026, Jain Irrigation Systems has a market cap of approximately Rs 1,934 crore, Dolphin Offshore Enterprises (India) is at approximately Rs 2,479 crore, and Pix Transmissions is at approximately Rs 2,387 crore.

What are the PE and PB ratios of Jain Irrigation Systems, Dolphin Offshore Enterprises (India) and Pix Transmissions?

Ans. As of October 2026, the PE ratios stand at NA, 34.43 and 18.11 respectively, and the price to book ratios stand at 0.33, 7.01 and 3.43 respectively.

Which of the three has the highest ROE?

Ans. Jain Irrigation Systems, Dolphin Offshore Enterprises (India) and Pix Transmissions post ROE of -0.49%, 19.39% and 15.34% respectively as of October 2026. Dolphin Offshore Enterprises (India) has the highest return on equity of the three at 19.39%, while Jain Irrigation Systems has the lowest at -0.49%.

Which of these three stocks pays the highest dividend yield?

Ans. Jain Irrigation Systems, Dolphin Offshore Enterprises (India) and Pix Transmissions carry dividend yields of 0.00%, 0.00% and 0.51% respectively.

What is the debt to equity ratio for Jain Irrigation Systems, Dolphin Offshore Enterprises (India) and Pix Transmissions?

Ans. Jain Irrigation Systems carries a debt to equity of 0.74, Dolphin Offshore Enterprises (India) of 0.57, and Pix Transmissions of 0.03.

What were the latest quarterly revenue and net profit of Jain Irrigation Systems, Dolphin Offshore Enterprises (India) and Pix Transmissions?

Ans. For Q1 FY27 (quarter ended June 2026), Jain Irrigation Systems reported revenue of Rs 1,518.32 crore and net profit of -Rs 17.80 crore, Dolphin Offshore Enterprises (India) reported revenue of Rs 42.88 crore and net profit of Rs 14.81 crore, and Pix Transmissions reported revenue of Rs 176.67 crore and net profit of Rs 52.75 crore.

Does this comparison recommend one of Jain Irrigation Systems, Dolphin Offshore Enterprises (India) and Pix Transmissions?

Ans. This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.