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Deep Industries Ltd

₹ 422-2.91%
06 Jan – close price
🔗deepindustries.com•BSE: 543288•NSE: DEEPINDS
Market Cap₹ 2,698 Cr.
Current Price₹ 422
High / Low₹ 624
Stock P/E16.1
Book Value₹ 226
Dividend Yield0.72 %
ROCE12.4 %
ROE9.67 %
Face Value₹ 5.00
Sales₹ 608 Cr.
OPM38.0 %
Mar Cap₹ 2,698 Cr.

ABOUT

Incorporated in 1991, Deep Industries Ltd is in the business of Oil and Gas field services. The company specializes in providing Air & Gas Compression Services, Drilling and Workover Services, Gas Dehydration Services, etc.. The company also provides integrated project management services.[1]

KEY POINTS

Market PositionThe company covers 70%+ of Post Exploration Services in the Oil & Gas Services Industry.[1]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceOrder Book PositionOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Deep Industries421.5516.142697.920.7250.2368.61179.3964.1712.42608.4738.01167.1550.231.867.390.14
2.Asian Energy281.6033.571260.850.36-3.97-86.81102.004.3816.59524.5012.2237.561.232.858.630.24
3.Oil Country58.72–305.280.00-21.57-63.9110.05-55.05-8.41110.1632.32-39.28-21.571.39-7.780.11
4.DHP India559.202.35167.760.721.16510.5314.3728.653.4368.5819.5571.451.160.692.680.04
5.Duke Offshore15.92–15.690.00-0.5317.190.00–-30.040.00–-2.25-0.534.01-28.660.10
–Median: 4 Co.351.5816.14783.060.54-1.412.3558.1916.527.92317.3325.9454.511.191.625.040.12

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
939612090112173881051366191109179
Expenses
5659695367109546686415465113
Operating Profit
37375137456334405019374467
Other Income
26105814610111051016
Profit before tax
30324732406331414723324067
Tax %
26%25%30%25%24%25%25%21%21%24%25%25%25%
Net Profit
22243324304723323717243050
EPS in Rs
3.483.795.113.694.757.313.655.065.852.693.754.657.85

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
300259251178272301382477608
Expenses
138117135100166185232287377
Operating Profit
16214211778106116150191231
Other Income
3-5-26920263851
Interest
12121194471516
Depreciation
1039890872327324042
Profit before tax
512714-1287105137174224
Net Profit
1-417636978104130167
EPS in Rs
68.00-360.001,737.009.8710.8312.2416.2920.3726.12
Dividend Payout %
0%0%0%0%15%15%15%15%–

Compounded Profit Growth

10 Years:%
5 Years:43%
3 Years:26%
TTM:43%

Compounded Sales Growth

10 Years:%
5 Years:14%
3 Years:21%
TTM:44%

Return on Equity

10 Years:%
5 Years:8%
3 Years:8%
Last Year:10%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:44%
1 Year:-30%

Balance Sheet

Standalone figures in ₹ crores

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
0.009600.00323232323232
Reserves
192039951,0591,1321,2241,3391,417
Borrowings
23110283412663140201205
Other Liabilities
1,078-7831,1146495130220248282
Total Liabilities
1,3101,1991,2001,1321,2121,3581,6171,8201,936
Fixed Assets
1,0859809278468429299601,0571,123
Gross Block
1,2981,2861,3201,3251,3451,4581,5201,658–
Accumulated Depreciation
213306393480502529560600–
CWIP
1431419864022
Investments
64119307544917858
Other Assets
159204261255291366480644732
Total Assets
1,3101,1991,2001,1321,2121,3581,6171,8201,936

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
116–35767078233178
Cash from Investing Activity
-1,267–-43-11-53-100-276-227
Cash from Financing Activity
1,180–4-54-24245830
Net Cash Flow
28–-412-7215-18

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
103165204220171121126123
Inventory Days
–64––––––
Days Payable
–145––––––
Cash Conversion Cycle
10384204220171121126123
Working Capital Days
-110321622519824917184
ROCE %
–3%3%-1%8%9%11%12%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
63.49%63.49%63.49%63.49%63.49%63.49%63.49%63.49%63.49%63.49%63.49%63.49%
FIIs
1.58%1.45%1.19%2.18%2.03%1.82%2.11%2.08%1.99%2.17%1.50%2.08%
DIIs
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%1.03%1.17%1.15%1.15%
Public
34.90%35.04%35.32%34.34%34.47%34.67%34.40%34.43%33.48%33.17%33.85%33.26%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Deep Industries Announces Postal Ballot for Green Energy Expansion and Director Appointment

27th March 2026, 6:54 pm

Deep Industries Closes Trading Window Ahead of Financial Results

25th March 2026, 5:30 pm

Deep Industries gets NCLT nod for Kandla Energy amalgamation

24th March 2026, 8:45 pm

Deep Industries Limited amends intimation, revokes provisional suspension of business dealings for key services

19th March 2026, 8:40 pm

Deep Industries signs MOU with Advait Greenergy for Green Hydrogen Projects

13th March 2026, 11:08 pm

Published by Other Websites

External media mentions & references

Oil Stocks Split: Duty Cut Boosts Some, Refiners Lag Amid Global Jitters

27th March 2026, 11:03 am

Smallcaps Surge 41% as Indian Markets Flatline Amid FII Sell-off

21st March 2026, 6:04 pm

Mideast Conflict Divides India Energy Stocks: Systematix Names Top Picks

20th March 2026, 10:05 am

Deep Industries Surges 8% on Green Hydrogen Project Tie-Up

16th March 2026, 11:53 am

Crude Tops $100: Systematix Picks RIL, Petronet Amid Oil Sector Volatility

16th March 2026, 8:43 am

News Articles

Editorial & research coverage

Deep Industries Jumps on GAIL Deal, Valuation Questioned
Deep Industries Jumps on GAIL Deal, Valuation Questioned

28th January 2026, 4:57 pm

ONGC Gas Well Fire Extinguished After Five-Day Battle
ONGC Gas Well Fire Extinguished After Five-Day Battle

10th January 2026, 10:27 pm

ONGC: Gas Well Fire Subsides in Andhra, Escalation Risk "Remote"
ONGC: Gas Well Fire Subsides in Andhra, Escalation Risk "Remote"

7th January 2026, 8:28 pm

Oil & Gas Stocks Tumble 2% as RIL Leads Market Selloff
Oil & Gas Stocks Tumble 2% as RIL Leads Market Selloff

6th January 2026, 3:29 pm

ONGC Gas Leak Contained at Andhra Facility, No Injuries Reported
ONGC Gas Leak Contained at Andhra Facility, No Injuries Reported

5th January 2026, 5:21 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

17h - Quarter ended on December 31, 2025

General Updates

1d - Jan 5 2026: gas leak, uncontrolled flow at Well Mori #5 (Andhra Pradesh); no injuries; teams controlling, cooling underway.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

29 Dec - Deep Industries to hold virtual group analysts/investors meeting on January 3, 2026.

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Credit Ratings

Rating update

9 Sep 2025 from care

Rating update

17 Apr 2025 from crisil

Rating update

4 Sep 2024 from care

Rating update

6 Oct 2023 from care

Rating update

27 Jan 2023 from care

Rating update

5 Jan 2023 from care

Concalls

Nov 2025

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Recording

Stock Analysis

Description

Deep Industries Ltd. is an Indian company operating in the Oil and Gas Field Services sector, specializing in providing Air & Gas Compression Services, Drilling and Workover Services, and Gas Dehydration Services.

Key Growth Triggers

  1. Strong order book of ₹3,051 Cr as of Q1 FY26, showing a 152.15% YoY increase.
  2. Management guidance for over 30-35% YoY revenue growth for the next 2-3 years.
  3. Recent contract wins, including a ₹96.72 Cr award from Oil India and a substantial ₹1,402 Cr PEC contract from ONGC.
  4. Strategic acquisition of Deep Natural Resources Limited to foster cost optimization and improve operational efficiency.
  5. Commencement of operations and production enhancement at the Rajahmundry asset.

Order Book

Order Book: Q1 FY26 = ₹3,051 Cr (152.15% YoY increase).

Key Red Flags

  1. Operational incidents such as gas leaks, even when contained, highlight inherent risks in oil and gas field services and necessitate robust safety management.
  2. Dependence on major clients like ONGC and Oil India for significant revenue streams.

Key Dates To Watch

Currently no data available for Key Dates To Watch.

Corporate Announcements

27th Mar 26
Impact Rating: 7
Deep Industries seeks shareholder approval via postal ballot for expanding into green energy and appointing Mr. Shalin Harshadbhai Patel as an Independent Director. E-voting is open from March 29 to April 27, 2026.
25th Mar 26
Impact Rating: 3
Deep Industries Limited announces its trading window will be shut for designated persons starting April 1, 2026, reopening 48 hours after the Q4 FY26 financial results are declared.
24th Mar 26
Impact Rating: 9
Deep Industries Limited informed exchanges that the NCLT has approved the amalgamation scheme of its wholly-owned subsidiary, Kandla Energy and Chemicals Limited, with the parent company.
19th Mar 26
Impact Rating: 6
Following an amendment dated March 19, 2026, Deep Industries Limited announced the provisional suspension of business dealings is revoked for specific services including Gas Compression, Gas Dehydration, and Drilling Rig hiring.
13th Mar 26
Impact Rating: 8
Deep Industries Limited has signed a Memorandum of Understanding (MOU) with Advait Greenergy Private Limited, aiming to jointly bid for and execute Green Hydrogen project tenders across India and abroad.