Deep Energy Resources Ltd

Deep Energy Resources Ltd

₹ 193 -1.28%
02 Mar 9:50 a.m.
About

Deep Energy Resources Ltd (formerly known as Deep Industries Limited) has a business encompassing serving the oil & gas industry. Its service portfolio includes Oil & Gas exploration and production.[1]

Key Points

Service Offering
The Co engaged in providing services such as gas compression, air compression, rigs (both work-over and drilling), and gas dehydration in the oil and gas industry (Services business). DERL had also ventured into the exploration and production (E&P) business of oil, gas, coal bed methane (CBM), and marginal oil fields (E & P business). [1]

  • Market Cap 618 Cr.
  • Current Price 193
  • High / Low 239 / 82.2
  • Stock P/E
  • Book Value 125
  • Dividend Yield 0.00 %
  • ROCE 0.76 %
  • ROE 0.51 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 0.23% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Gas Distribution Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.44 1.09 0.53 0.62 0.70 0.81 0.79 4.10 8.11 20.46 0.51 0.57 0.69
0.08 0.75 0.19 0.45 0.58 0.61 0.70 2.31 7.52 19.52 0.73 1.10 0.76
Operating Profit 0.36 0.34 0.34 0.17 0.12 0.20 0.09 1.79 0.59 0.94 -0.22 -0.53 -0.07
OPM % 81.82% 31.19% 64.15% 27.42% 17.14% 24.69% 11.39% 43.66% 7.27% 4.59% -43.14% -92.98% -10.14%
0.00 0.00 0.10 0.00 0.05 0.06 0.09 0.21 0.01 -0.01 0.10 0.07 0.10
Interest 0.06 0.13 0.06 0.02 0.02 0.10 0.08 0.08 0.07 0.06 0.09 0.12 0.06
Depreciation 0.08 0.08 0.07 0.07 0.10 0.08 0.08 0.08 0.08 0.08 0.08 0.10 0.10
Profit before tax 0.22 0.13 0.31 0.08 0.05 0.08 0.02 1.84 0.45 0.79 -0.29 -0.68 -0.13
Tax % 27.27% 38.46% 22.58% 87.50% 40.00% -87.50% 50.00% 32.07% 68.89% 5.06% -37.93% -7.35% -107.69%
0.17 0.09 0.25 0.01 0.04 0.16 0.01 1.26 0.15 0.77 -0.40 -0.73 -0.28
EPS in Rs 0.04 0.02 0.06 0.00 0.01 0.03 -0.00 0.37 0.05 0.23 -0.09 -0.11 -0.04
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
60.46 65.27 90.78 101.26 169.15 277.38 312.68 0.00 0.73 2.38 2.65 33.45 22.23
31.74 29.26 38.51 46.31 71.58 121.60 149.28 0.01 0.17 1.01 1.83 30.04 22.11
Operating Profit 28.72 36.01 52.27 54.95 97.57 155.78 163.40 -0.01 0.56 1.37 0.82 3.41 0.12
OPM % 47.50% 55.17% 57.58% 54.27% 57.68% 56.16% 52.26% 76.71% 57.56% 30.94% 10.19% 0.54%
0.86 1.77 1.22 1.33 -0.47 9.29 5.65 0.33 0.01 0.02 0.22 0.30 0.26
Interest 4.52 6.44 8.71 10.77 15.03 22.28 11.58 0.01 0.23 0.33 0.19 0.28 0.33
Depreciation 7.06 10.07 12.05 12.15 20.42 33.52 38.78 0.07 0.17 0.31 0.31 0.31 0.36
Profit before tax 18.00 21.27 32.73 33.36 61.65 109.27 118.69 0.24 0.17 0.75 0.54 3.12 -0.31
Tax % 33.50% 42.83% 38.92% 36.36% 33.56% 31.18% 34.75% 29.17% -182.35% 20.00% 14.81% 30.45%
11.97 12.16 19.99 21.23 40.95 75.20 77.45 0.17 0.48 0.60 0.46 2.16 -0.64
EPS in Rs 4.81 4.62 7.60 7.27 14.02 22.02 24.19 0.05 0.14 0.13 0.10 0.65 -0.01
Dividend Payout % 10.39% 12.95% 13.13% 13.75% 10.70% 8.18% 6.20% 2,823.53% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -6%
5 Years: -36%
3 Years: 258%
TTM: 61%
Compounded Profit Growth
10 Years: -16%
5 Years: -52%
3 Years: 65%
TTM: -101%
Stock Price CAGR
10 Years: 21%
5 Years: 18%
3 Years: 70%
1 Year: 66%
Return on Equity
10 Years: 7%
5 Years: 0%
3 Years: 0%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 24.88 26.25 26.25 29.20 29.20 32.00 32.00 32.00 32.00 32.00 32.00 32.00 32.00
Reserves 123.97 145.71 158.23 190.32 228.45 354.32 424.88 361.96 364.03 379.04 381.51 367.51 366.88
Preference Capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.59
101.40 87.49 111.77 114.12 264.56 273.97 243.98 34.91 3.34 2.93 7.21 32.40 36.17
62.39 40.82 62.31 50.37 112.35 90.19 141.33 27.98 87.94 76.45 153.72 161.16 172.76
Total Liabilities 312.64 300.27 358.56 384.01 634.56 750.48 842.19 456.85 487.31 490.42 574.44 593.07 607.81
140.55 197.36 237.81 270.87 373.34 518.63 509.34 320.13 323.39 323.46 322.27 321.95 322.62
CWIP 96.08 49.84 51.47 50.01 125.10 73.08 47.24 68.24 107.02 126.31 168.76 187.78 205.47
Investments 4.90 3.84 4.29 1.20 4.08 28.21 95.70 0.01 0.00 0.00 0.00 0.00 0.00
71.11 49.23 64.99 61.93 132.04 130.56 189.91 68.47 56.90 40.65 83.41 83.34 79.72
Total Assets 312.64 300.27 358.56 384.01 634.56 750.48 842.19 456.85 487.31 490.42 574.44 593.07 607.81

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
28.46 31.92 39.05 42.71 75.02 109.69 142.77 -18.25 40.60 -5.84 36.16 9.83
-98.37 -15.72 -57.66 -32.21 -203.51 -143.92 -73.72 10.13 -42.19 -19.66 -45.95 -19.86
68.78 -13.88 23.18 -10.69 134.61 46.23 -46.58 34.90 -22.88 22.27 6.85 10.77
Net Cash Flow -1.13 2.32 4.57 -0.19 6.13 12.00 22.47 26.78 -24.47 -3.23 -2.95 0.75

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 132.94 76.11 67.11 93.83 119.93 87.47 99.01 0.00 64.41 115.70 4.36
Inventory Days
Days Payable
Cash Conversion Cycle 132.94 76.11 67.11 93.83 119.93 87.47 99.01 0.00 64.41 115.70 4.36
Working Capital Days 103.29 79.13 89.18 98.15 85.97 -6.67 -12.41 -10,555.00 -2,338.76 -6,739.42 -546.35
ROCE % 10.76% 10.58% 14.75% 13.91% 18.22% 22.07% 19.14% -0.01% 0.09% 0.25% 0.14% 0.76%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
63.99% 63.99% 63.99% 63.99% 67.99% 67.99% 67.99% 67.99% 67.99% 67.99% 67.99% 67.99%
5.85% 5.85% 5.85% 5.85% 5.85% 1.68% 1.69% 1.68% 1.68% 1.69% 1.68% 1.68%
0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.05% 0.06% 0.00% 0.00% 0.00%
30.15% 30.15% 30.15% 30.15% 26.15% 30.33% 30.31% 30.28% 30.28% 30.33% 30.34% 30.32%
No. of Shareholders 18,00318,43918,06717,93217,37115,37114,91613,42213,25912,82912,07412,083

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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