Deep Energy Resources Ltd

₹ 187 2.29%

19 Apr - close price

deepindustries.com BSE: 532760 NSE : DEEPENR

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]

Website BSE NSE

Market Cap ₹ 597 Cr.
Current Price ₹ 187
High / Low ₹ 239 / 105
Stock P/E
Book Value ₹ 125
Dividend Yield 0.00 %
ROCE 0.76 %
ROE 0.51 %
Face Value ₹ 10.0

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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: Crude Oil & Natural Gas Industry: Oil Drilling / Allied Services

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Detailed Comparison with:

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:	18%
5 Years:	13%
3 Years:	77%
1 Year:	60%

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 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 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	18,003	18,439	18,067	17,932	17,371	15,371	14,916	13,422	13,259	12,829	12,074	12,083

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Dec 2023
	63.95%	63.49%	63.49%	63.99%	63.99%	67.99%	67.99%	67.99%
	7.97%	6.00%	5.30%	5.85%	5.85%	5.85%	1.68%	1.68%
	0.21%	0.06%	0.94%	0.01%	0.01%	0.00%	0.06%	0.00%
	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	27.87%	30.44%	30.27%	30.15%	30.15%	26.15%	30.28%	30.32%
No. of Shareholders	13,726	20,334	18,920	17,529	18,003	17,371	13,259	12,083

* 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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Concalls

Feb 2020

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Nov 2019

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Aug 2019

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May 2019

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Feb 2019

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Nov 2018

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Aug 2018

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May 2018

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Feb 2018

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Nov 2017

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Aug 2017

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Feb 2017

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Dec 2016

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Oct 2016

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Jul 2016

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Jul 2016

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Jul 2016

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