Deep Energy Resources Ltd

₹ 82.8 -0.48%
01 Jul - close price
About

Deep Energy Resources Ltd has business encompassing to serve the oil & gas industry. Its service portfolio includes Oil & Gas exploration and production.[1]

Key Points

Scheme of Arrangement/ Demerger
In FY19, the company was involved in a scheme of demerger with Deep CH4 Ltd for transfer and vesting of Oil & Gas services undertaking from the Demerged company (Deep Industries Ltd) to the resulting Company (Deep CH4 Ltd). Shareholders of Deep Industries were allotted shares of Deep CH4 Ltd in ratio of 1:1.[1][2]

In the demerger, company's 3 business segments i.e. Gas Compression, Gas Dehydration & Drilling & Work over businesses[3] were demerged from the company and only Oil & Gas Exploration and Production business remained post the demerger.[4]

  • Market Cap 265 Cr.
  • Current Price 82.8
  • High / Low 120 / 36.4
  • Stock P/E 803
  • Book Value 129
  • Dividend Yield 0.00 %
  • ROCE 0.17 %
  • ROE 0.08 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.64 times its book value
  • Promoter holding has increased by 4.00% over last quarter.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 0.10% for last 3 years.
  • Debtor days have increased from 90.05 to 115.70 days.

* 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
0.00 0.13 0.27 0.33 0.40 0.46 0.44 1.09 0.53 0.62 0.70 0.81
0.02 0.06 0.04 0.05 0.10 0.08 0.08 0.75 0.19 0.45 0.58 0.61
Operating Profit -0.02 0.07 0.23 0.28 0.30 0.38 0.36 0.34 0.34 0.17 0.12 0.20
OPM % 53.85% 85.19% 84.85% 75.00% 82.61% 81.82% 31.19% 64.15% 27.42% 17.14% 24.69%
0.00 0.00 0.00 0.01 0.00 0.01 0.00 0.00 0.10 0.00 0.05 0.06
Interest 0.11 0.00 0.03 0.07 0.07 0.07 0.06 0.13 0.06 0.02 0.02 0.10
Depreciation 0.02 0.04 0.06 0.05 0.08 0.08 0.08 0.08 0.07 0.07 0.10 0.08
Profit before tax -0.15 0.03 0.14 0.17 0.15 0.24 0.22 0.13 0.31 0.08 0.05 0.08
Tax % 6.67% -33.33% 28.57% -258.82% 13.33% 16.67% 27.27% 38.46% 22.58% 87.50% 40.00% -87.50%
Net Profit -0.11 0.05 0.05 0.55 0.09 0.15 0.12 0.06 0.18 0.01 0.03 0.11
EPS in Rs -0.03 0.02 0.02 0.17 0.03 0.05 0.04 0.02 0.06 0.00 0.01 0.03

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
49.37 60.46 65.27 90.78 101.26 169.15 277.38 312.68 0.00 0.73 2.38 2.65
24.33 31.74 29.26 38.51 46.31 71.58 121.60 149.28 0.01 0.17 1.01 1.83
Operating Profit 25.04 28.72 36.01 52.27 54.95 97.57 155.78 163.40 -0.01 0.56 1.37 0.82
OPM % 50.72% 47.50% 55.17% 57.58% 54.27% 57.68% 56.16% 52.26% 76.71% 57.56% 30.94%
2.47 0.86 1.77 1.22 1.33 -0.47 9.29 5.65 0.33 0.01 0.02 0.22
Interest 3.75 4.52 6.44 8.71 10.77 15.03 22.28 11.58 0.01 0.23 0.33 0.19
Depreciation 6.23 7.06 10.07 12.05 12.15 20.42 33.52 38.78 0.07 0.17 0.31 0.31
Profit before tax 17.53 18.00 21.27 32.73 33.36 61.65 109.27 118.69 0.24 0.17 0.75 0.54
Tax % 32.40% 33.50% 42.83% 38.92% 36.36% 33.56% 31.18% 34.75% 29.17% -182.35% 20.00% 14.81%
Net Profit 11.85 11.97 12.16 19.99 21.23 40.95 70.45 77.41 0.17 0.46 0.43 0.33
EPS in Rs 5.04 4.81 4.62 7.60 7.27 14.02 22.02 24.19 0.05 0.14 0.13 0.10
Dividend Payout % 0.00% 10.39% 12.95% 13.13% 13.75% 10.70% 8.18% 6.20% 2,823.53% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -27%
5 Years: -61%
3 Years: %
TTM: 11%
Compounded Profit Growth
10 Years: -30%
5 Years: -66%
3 Years: 105%
TTM: -23%
Stock Price CAGR
10 Years: 8%
5 Years: -17%
3 Years: -8%
1 Year: 90%
Return on Equity
10 Years: 8%
5 Years: 4%
3 Years: 0%
Last Year: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
23.50 24.88 26.25 26.25 29.20 29.20 32.00 32.00 32.00 32.00 32.00 32.00
Reserves 102.27 123.97 145.71 158.23 190.32 228.45 354.32 424.88 361.96 364.03 379.04 381.51
39.72 101.40 87.49 111.77 114.12 264.56 273.97 243.98 34.91 3.34 2.93 7.22
30.31 62.39 40.82 62.31 50.37 112.35 90.19 141.33 27.98 87.94 76.45 153.71
Total Liabilities 195.80 312.64 300.27 358.56 384.01 634.56 750.48 842.19 456.85 487.31 490.42 574.44
107.07 140.55 197.36 237.81 270.87 373.34 518.63 509.34 320.13 323.39 323.46 322.26
CWIP 35.41 96.08 49.84 51.47 50.01 125.10 73.08 47.24 68.24 107.02 126.31 168.76
Investments 4.71 4.90 3.84 4.29 1.20 4.08 28.21 95.70 0.01 0.00 0.00 0.00
48.61 71.11 49.23 64.99 61.93 132.04 130.56 189.91 68.47 56.90 40.65 83.42
Total Assets 195.80 312.64 300.27 358.56 384.01 634.56 750.48 842.19 456.85 487.31 490.42 574.44

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
15.25 28.46 31.92 39.05 42.71 75.02 109.69 142.77 -18.25 40.60 -5.84 36.16
-14.91 -98.37 -15.72 -57.66 -32.21 -203.51 -143.92 -73.72 10.13 -42.19 -19.66 -45.95
0.87 68.78 -13.88 23.18 -10.69 134.61 46.23 -46.58 34.90 -22.88 22.27 6.85
Net Cash Flow 1.21 -1.13 2.32 4.57 -0.19 6.13 12.00 22.47 26.78 -24.47 -3.23 -2.95

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 110.90 132.94 76.11 67.11 93.83 119.93 87.47 99.01 0.00 64.41 115.70
Inventory Days 464.29 4,027.59
Days Payable 506.25 69,985.60
Cash Conversion Cycle 68.94 132.94 76.11 67.11 93.83 119.93 87.47 99.01 0.00 64.41 -65,842.32
Working Capital Days 162.13 103.29 79.13 89.18 98.15 85.97 -6.67 -12.41 -10,555.00 -2,331.09 -6,739.42
ROCE % 13.20% 10.76% 10.58% 14.75% 13.91% 18.23% 22.17% 19.29% -0.01% 0.10% 0.27% 0.17%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
63.99 63.99 63.99 63.99 63.99 63.99 63.99 63.99 63.99 63.99 63.99 67.99
5.91 5.95 5.94 5.85 5.85 5.85 5.85 5.85 5.85 5.85 5.85 5.85
0.23 0.09 0.05 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00
29.87 29.97 30.02 30.15 30.15 30.15 30.15 30.15 30.15 30.15 30.15 26.15

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