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Employees: 2,096
Size Dalipal (1921.HK) is a Hong Kong Energy company (Oilfield Services/Equipment) with a market value of $603M, the 715th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$3.07 on 6 Nov 2026.
Performance Over six months the shares fell 29.1%, against -15.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 2.6% over the last twelve months (peer median -4.9%); the operating margin is 2.6% (peer median 6.5%).
Valuation It trades at 14.5× forward earnings against a peer median of 14.2× (7th most expensive of 16).
Capital Return on invested capital runs 3.2 points below its cost of capital (5.1% WACC).
Next results Next results expected around 19 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$3.84B | HK$3.79B | HK$3.57B | HK$4.25B | HK$4.92B |
| Revenue growth | — | +6% | -16% | -13% | — |
| Gross profit | HK$461M | HK$424M | HK$286M | HK$584M | HK$710M |
| EBITDA | HK$257M | HK$233M | HK$99.3M | HK$377M | HK$454M |
| Net income | HK$15.3M | HK$14.9M | -HK$83.6M | HK$149M | HK$176M |
| Free cash flow | -HK$396M | -HK$281M | -HK$448M | HK$275M | HK$614M |
| Capital expenditure | HK$354M | HK$741M | HK$357M | HK$140M | HK$96.5M |
| Total debt | n/a | HK$2.90B | HK$2.38B | HK$2.09B | HK$2.19B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1921.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.8% | -8.7% | 7th highest of 21 |
| 6-month return | -29.1% | -15.6% | 8th lowest of 21 |
| Distance from 52-week high | -69.3% | -42.0% | 4th lowest of 21 |
| Revenue growth (TTM) | +2.6% | -4.9% | 8th highest of 21 |
| Operating margin | 2.6% | 6.5% | 10th lowest of 21 |
| Forward P/E | 14.5× | 14.2× | 7th most expensive of 16 |
| ROIC minus cost of capital | -3.2 pp | -4.8 pp | 10th highest of 21 |
| EV / EBITDA | 29.1× | 9.0× | most expensive of 15 |
| Net debt / EBITDA | 10.7× | 0.9× | 2nd most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dalipal 1921.HK | Hong Kong | $603M | -29% | +3% | 3% | 14.5× | n/a | n/a |
| Nanjing Develop Advanced Manufacturing Co. Ltd. Class 1 688377.SS | China | $554M | -52% | 0% | 9% | 30.2× | 7.5% | +11.4% |
| Ashtead Technology AT..L | United Kingdom | $660M | +26% | +9% | 26% | 16.2× | -5.5% | +36.8% |
| ProFrac ACDC | United States | $547M | -55% | -16% | -11% | n/a | n/a | n/a |
| Haimo Technologies 300084.SZ | China | $667M | -31% | -7% | -12% | n/a | n/a | n/a |
| Atlas Energy Solutions AESI | United States | $678M | -71% | -4% | -11% | n/a | n/a | n/a |
| Shandong Molong Petroleum Machinery 0568.HK | Hong Kong | $698M | -48% | +58% | 0% | n/a | n/a | n/a |
| Toyo Engineering 6330.T | Japan | $711M | -16% | -31% | -10% | 14.2× | -2.1% | -0.1% |
| Hunting HTG.L | United Kingdom | $714M | -25% | -12% | 7% | 14.3× | 17.8% | +9.6% |
| Calfrac Well Services CFW.TO | Canada | $506M | +36% | -15% | 6% | 7.2× | -10.9% | +14.5% |
| China Oil HBP Science & Technology 002554.SZ | China | $502M | -28% | -29% | -17% | n/a | n/a | n/a |
| Oil States International OIS | United States | $499M | -4% | -1% | 1% | 13.5× | 27.7% | +1.0% |
| HMH HMH | United States | $482M | -49% | -10% | 12% | 3.6× | -2.1% | +6.7% |
| Viridien VIRI.PA | France | $763M | -16% | -14% | 11% | 22.9× | -2.9% | +4.1% |
| ProPetro PUMP | United States | $785M | -59% | -6% | 0% | 35.1× | n/a | n/a |
| Forum Energy Technologies FET | United States | $800M | +30% | +11% | 7% | 12.9× | 3.5% | +9.1% |
| Bomesc Offshore Engineering 603727.SS | China | $823M | +6% | -12% | -7% | 249.4× | -9.1% | -6.1% |
| Deep Industries DEEPINDS.NS | India | $433M | +38% | +41% | 12% | 12.5× | 25.4% | +35.7% |
| Total Energy Services TOT.TO | Canada | $851M | +41% | +22% | 9% | 9.7× | 3.7% | +23.8% |
| Flotek Industries FTK | United States | $886M | +45% | +59% | 13% | 21.9× | n/a | n/a |
| SEAMEC SEAMECLTD.NS | India | $397M | -5% | +60% | 24% | 13.8× | n/a | n/a |