Duke Offshore Share Price

Duke Offshore Limited (DUKEOFS) is a micro‑cap marine services company and one of India’s premier offshore marine companies, publicly listed on the BSE. Headquartered in Mumbai, Maharashtra, the company was incorporated in 1985. It started its operations as a diving company specialising in underwater platform inspection, maintenance and repair (IMR) programmes for oil companies. The Duke Offshore share price on the NSE and BSE is a reflection of how market participants respond to a performance and broader business developments within its industry. It captures the company’s sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries. 

Market sentiment around the Duke Offshore stock price often mirrors shifts in global crude oil prices, offshore drilling activity, and government policies on domestic exploration and production. Factors such as the pace of fleet modernisation, competitive intensity from other marine service providers, regulatory frameworks for offshore operations, and government policies on energy security influence near‑term valuation and medium‑term earnings forecasts. All these factors must be closely monitored to have an idea about the Duke Offshore share price movements. 

The Duke Offshore live share price provides real‑time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant monitoring of Duke Offshore live price helps observe short‑term price fluctuations and understand how the stock is moving in relation to the broader market. 

Furthermore, monitoring the Duke Offshore share price today helps investors understand real‑time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short‑term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook. The Duke Offshore stock price is closely linked to global energy cycles and domestic offshore project pipelines. Duke Offshore share price movements are tied to the offshore services sector. 

Duke Offshore Limited Company Fundamentals 

A. Company Background

Duke Offshore Limited was incorporated in 1985. The company’s registered office is located in Mumbai, Maharashtra, India. Duke Offshore was promoted by George A. Duke, Komal G. Duke, and Avik G. Duke as a private limited company in December 1985 and was converted into a public limited company in September 1994. The company started as a diving and underwater engineering company, offering specialised underwater inspection services to the offshore oil industry. Over the years, it has expanded its fleet and service portfolio to include high‑speed offshore crew transport, dredging crew support, harbour channel survey, force protection of marine assets such as oil fields, and engineering services for hook‑up and commissioning of offshore platforms. It serves a prestigious client list including ONGC, Mazagaon Dock, Bombay Port Trust, Shipping Corporation of India, BPCL Refinery, HPCL, Essar Oil, Tata Power House, and NKK Japan. The company has steadily expanded its resource base and operational capabilities, establishing itself as a key player in the near‑shore marine services segment. 

B. Product Lines 

• Underwater platform inspection, maintenance and repair (IMR) for oil companies 

• Drill rig support services 

• SBM and SPM installation, operations and maintenance 

• High‑speed offshore crew transport services 

• Dredging crew support services 

• Harbour channel survey services 

• Force protection of marine assets such as oil fields 

• Hook‑up and commissioning of offshore oil field platforms 

• Modification and inspection services for offshore platforms 

• Maintenance of company‘s fleet of vessels 

C. Company Revenue Model 

• Primary revenue from providing offshore marine services to oil and gas companies, port authorities, and industrial clients. 

• Volume‑driven revenue based on vessel utilisation rates and number of projects executed. 

• Pricing determined by project‑based contracts, vessel charter rates, and competitive bidding, affecting overall revenue generation. 

• Revenue from diving services and underwater inspection and maintenance contracts. 

• Income from engineering division for hook‑up, commissioning and modification services. 

• Contract‑based revenue with both long‑term and short‑term project agreements. 

• Focus on maintaining high fleet utilisation through strategic client relationships. 

• Seasonal variations in offshore activity levels affecting revenue patterns. 

• Government policy changes on oil and gas exploration and offshore safety regulations influencing revenue stability. 

D. Geographic Presence 

• Headquartered in Mumbai, Maharashtra, India. 

• Operations focused on the domestic offshore marine services market. 

• Serves clients across India’s offshore oil and gas fields and port locations. 

• No significant international presence reported. 

E. Key Milestones 

• 1985 – Incorporated as a private limited company in December. 

• 1994 – Converted into a public limited company in September. 

• Year – Started operations as a diving company for underwater platform IMR. 

• Year – Expanded fleet and service portfolio. 

• Year – Publicly listed on BSE. 

F. Industry Perspective

Duke Offshore operates in the offshore marine and oilfield services industry. Globally, the offshore oil and gas services market was valued at approximately USD 250 billion in 2025 and is projected to grow at a CAGR of 6‑8% through 2030, driven by deep‑water exploration and energy security concerns. In India, the oilfield services market is poised for growth as the government aims to increase domestic oil and gas production to reduce import dependence. India‘s crude oil production currently stands at around 28‑30 million metric tonnes per annum, with significant activity in offshore fields like Mumbai High. The offshore services market in India is expected to grow at a CAGR of 7‑9% through 2030, supported by the government’s exploration and licensing policy (HELP) and the opening of new blocks for exploration. The government aims to increase domestic exploration acreage from around 10% to 25% by 2030, creating significant opportunities. Key drivers include rising energy demand, enhanced exploration activity, and the need for asset integrity management of ageing offshore platforms. Challenges facing the industry include volatile global crude oil prices, high operational costs, intense competition from domestic and international players, regulatory compliance requirements for offshore safety, and the global energy transition towards renewables. Duke Offshore’s ability to maintain its fleet, secure contracts, and adapt to the evolving energy landscape will be critical for its future performance. 

Duke Offshore Limited Stock Market Presence: Listings & Index Representation 

Duke Offshore is listed on the Bombay Stock Exchange (BSE) under the scrip code 531471 and is traded on the BSE under the ticker symbol DUKEOFS. The company is not listed on the National Stock Exchange (NSE). The ISIN for the company is INE397G01019. Its listing on the BSE ensures that the Duke Offshore share price is accessible to a specific investor base. The company forms part of the BSE SmallCap index and is included in the BSE AllCap index. Being part of the BSE SmallCap index provides a benchmark for investors to compare the company’s performance against other small‑cap companies in the marine services sector. However, the company’s inclusion in major indices is limited, reflecting its micro‑cap status. 

Duke Offshore Limited Stock Performance and Share Price History 

The performance and share price history of Duke Offshore Limited are influenced by a complex mix of global crude oil prices, offshore project cycles, and corporate financial health. A primary driver is the fluctuation in global crude oil prices, as any sustained price downturn directly impacts offshore exploration spending and, consequently, the Duke Offshore share price. Government policies regarding domestic exploration and production blocks also play a critical role. For instance, when the government announces new exploration licensing rounds, sentiment improves, often leading to rallies in the Duke Offshore stock price. 

Another major factor is competition from both domestic marine service providers and international players, which can alter long‑term contract opportunities and influence the Duke Offshore share price. The company’s order book and fleet utilisation directly impact revenue visibility. Quarterly financial results, especially net profit and revenue figures, cause immediate swings in the Duke Offshore stock price. Additionally, broader market trends, volatility in crude oil prices, and even seasonal demand for offshore inspection services contribute to price movement. Historically, the Duke Offshore share price has shown strong positive correlation with crude oil prices. 

The 52‑week high and low of the stock are largely dictated by sentiment shifts and energy price shocks. When crude oil prices rise and offshore activity is robust, the Duke Offshore share price tends to rally toward its 52‑week high; conversely, a sharp decline in oil prices or a regulatory change can drive the Duke Offshore share price down to a new low. The Duke Offshore share price also hits its peak when management announces new contract wins, while a sharp decline in fleet utilisation pushes the Duke Offshore share price toward the yearly bottom. Broader market sell‑offs, such as during economic uncertainty, often drag the Duke Offshore share price to multi‑month lows, even if contract fundamentals are sound. Conversely, a bullish energy narrative can lift the Duke Offshore share price to a new 52‑week high. Additionally, quarterly earnings misses have historically pressured the Duke Offshore share price to test its lowest levels in a given year. 

The Duke Offshore share price has exhibited significant volatility over the past decade, shaped by global energy cycles and the company’s financial transitions. The Duke Offshore share price recorded a 1‑year return of approximately 0.35% as of May 2026, marginally outperforming some broader indices. The Duke Offshore share price delivered a 5‑year total return that has been negative. The Duke Offshore share price reached a 52‑week high of ₹32.89 and a 52‑week low of ₹13.12, indicating a wide trading range. The Duke Offshore share price has shown a 1‑month return that has been modest. 

The Duke Offshore stock price has been particularly responsive to quarterly earnings releases. The Duke Offshore stock price has shown a pattern of high sensitivity to oil price movements rather than consistent earnings growth. Corporate developments, including the announcement of new contracts with ONGC or other major oil companies, have also influenced short‑term fluctuations in the Duke Offshore share price. The Duke Offshore share price has shown a 10‑year aggregate net profit that has been negative in some years. The Duke Offshore share price reached its 52‑week high before declining, reflecting the high volatility inherent in the offshore energy services space. The Duke Offshore share price has shown a year‑to‑date return that has been negative as of early 2026. Comprehending these patterns in the Duke Offshore share price is instrumental for investors seeking to contextualise long‑term performance trends, as the Duke Offshore stock price movements illustrate how energy industry fundamentals, contract wins, and investor expectations converge in market pricing. 

The Duke Offshore share price has shown distinct seasonal patterns over the past decade, often with momentum linked to the timing of major offshore maintenance campaigns. The best performing months have historically coincided with periods of rising crude oil prices. In terms of annual performance, the Duke Offshore share price delivered its strongest annual returns in years when oil prices increased substantially. The stock has recorded multiple years of negative returns when oil prices were depressed. The Duke Offshore share price has demonstrated that the stock tends to perform better in periods of high energy demand and supportive exploration policies, while underperforming during phases of weak crude prices and reduced offshore activity. 

Duke Offshore Limited Investor Relevance and Role in Portfolio 

Duke Offshore holds a limited position for investors seeking exposure to the offshore oil and gas services sector. The company’s fleet of vessels and its presence in domestic offshore maintenance align it with energy sector investment themes. The Duke Offshore share price often mirrors how these themes resonate with investor portfolios, whereby both thematic and sector‑specific funds monitor crude oil price indicators and offshore contract announcements when evaluating allocation decisions. 

Institutional stakeholders play a role in Duke Offshore’s ownership profile. Promoters hold approximately 70.61% stake. Individual insiders hold 76.3% (including promoters), and the general public holds 22.6%. Mutual funds hold 0% stake. Domestic Institutional Investors (DII) hold 0%, and Foreign Institutional Investors (FII) hold 0%. 

Based on data, Duke Offshore exhibits varying levels of beta and volatility across different time horizons. The long‑term beta of Duke Offshore stands at around 0.64, indicating that the stock is generally less volatile than the broader market over an extended period. On a daily basis, the beta values are not consistently reported, but the stock’s low trading volume can lead to sharp price swings on small trades. Moving to weekly observations, the one‑year weekly beta has shown variations, but the stock’s correlation with the market has been weak. Based on data, the mean values for long‑term range is 18.00, daily‑one month range is 18.00, daily‑three month range is 18.00, weekly‑one year range is 18.00, weekly‑two year range is 18.00, 2 week‑two year range is 18.00, monthly‑two year range is 18.00. Standard deviations range from 0.10 to 0.50 across periods. Overall, Duke Offshore demonstrates a mixed volatility profile, making it more sensitive to oil price news than broad market movements. The Duke Offshore share price has shown periods of heightened responsiveness to crude oil price announcements and contract wins. The Duke Offshore stock price‘s beta reflects that the company’s niche offshore services model is sensitive to energy cycles rather than broad market swings. The Duke Offshore share price has historically moved on energy price trends. 

Duke Offshore Limited Sectoral Relevance and Peer Positioning 

The sector relevance of Duke Offshore is anchored in its role within the broader Indian offshore marine and oilfield services industry, where it competes with other marine service providers. Competitors include Jindal Drilling & Industries Ltd, Oil Country Tubular Ltd, Great Offshore Ltd, and other small‑cap marine service companies. In the wider energy services space, peers include Deep Industries, Aban Offshore, and GOL Offshore. 

In valuation terms, factors like the Duke Offshore P/E ratio have shown extreme variations. The current P/E ratio is not applicable due to negative earnings in recent periods. Duke Offshore earnings have been negative, with revenue of ₹0.69 million reported in the latest financial year. The Duke Offshore EPS has been negative or zero. The Duke Offshore market cap is approximately ₹15‑25 crore. The Duke Offshore share price has been influenced by these valuation metrics. The Duke Offshore stock price continues to be evaluated in the context of its earnings potential and order book. The Duke Offshore share price remains speculative, driven more by oil price movements than by underlying fundamentals. 

Summary 

Duke Offshore is a micro‑cap marine services company listed on the BSE, where the Duke Offshore share price reflects global crude oil price movements, offshore contract wins, and energy sector sentiment. Its inclusion in the BSE SmallCap index supports limited visibility, while investor interest is shaped by order book trends and broader energy cycles. Within the sector, the company’s competitive context and earnings dynamics provide limited perspective on its role in India’s offshore services landscape.