LPGNYSEDeep Sea Foreign Transportation of FreightFiscal year ends March 31
DORIAN LPG LTD.
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$52.50−1.10 (-2.05%)
Close on Oct 19, 2026
- Market cap
- $2.24B
- P/E (TTM)
- 7.0
- Dividend yield
- 4.67%
Margins
Share of revenue, fiscal years 2014 to 2026
Operating margin
43.6%+6.9 pts over 5 years
Net margin
40.2%
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +36.3% | +7.3% | +8.8% | +5.2% | |
| Operating income | +86.6% | +1.9% | +12.6% | +2.9% | |
| Net income | +114.8% | +3.9% | – | – | |
| EPS, diluted | +112.1% | +1.9% | +19.5% | +7.1% | |
| Dividend per share | -33.8% | -23.6% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 17.7% | |
| Return on assets | – | – | 10.6% | |
| Current ratio | 0.75 | 1.87 | 2.67 | |
| Debt to equity | 0.77 | 0.62 | 0.49 | |
| Net debt to EBITDA | 8.63× | 2.75× | 0.83× | |
| Interest coverage | 0.6× | 5.4× | 7.2× | |
| Capex to revenue | 1.1% | 3.0% | – | |
| Diluted shares | 54M | 50M | 43M |
Cash use needs five years of cash flow figures
Dorian Lpg does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin40.2%
×Asset turnover0.26×
×Equity multiplier1.67×
=Return on equity, FY202617.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 40.2% | 0.26× | 1.67× | 17.7% |
| FY2025 | 25.5% | 0.20× | 1.75× | 8.7% |
| FY2024 | 54.8% | 0.32× | 1.87× | 32.4% |
| FY2023 | 44.2% | 0.24× | 1.85× | 19.2% |
| FY2022 | 26.2% | 0.17× | 1.71× | 7.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
6of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$193.67M
- Cash generatingOperating cash flow above zero$210.14M
- Return on assets improvedROA up on the prior year4.9% → 10.9%
- Earnings backed by cashOperating cash flow above net income$210.14M vs $193.67M
- Less leverageLong-term debt to assets fell28.0% → 24.6%
- Better liquidityCurrent ratio rose3.54 → 2.67
- No dilutionShare count did not rise42M → 43M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.19 → 0.27