Deep Industries Ltd
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]
- Market Cap ₹ 4,244 Cr.
- Current Price ₹ 665
- High / Low ₹ 721 / 327
- Stock P/E 13.5
- Book Value ₹ 260
- Dividend Yield 0.38 %
- ROCE 15.0 %
- ROE 18.8 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 38.4% CAGR over last 5 years
- Debtor days have improved from 174 to 115 days.
- Company's working capital requirements have reduced from 155 days to 52.9 days
Cons
- Stock is trading at 2.56 times its book value
- Tax rate seems low
- Company has a low return on equity of 11.6% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 300 | 259 | 251 | 178 | 272 | 301 | 382 | 477 | 703 | 702 | |
| 138 | 117 | 135 | 100 | 166 | 185 | 232 | 287 | 436 | 427 | |
| Operating Profit | 162 | 142 | 117 | 78 | 106 | 116 | 150 | 191 | 267 | 275 |
| OPM % | 54% | 55% | 46% | 44% | 39% | 39% | 39% | 40% | 38% | 39% |
| 3 | -5 | -2 | 6 | 9 | 20 | 26 | -212 | -158 | -156 | |
| Interest | 12 | 12 | 11 | 9 | 4 | 4 | 7 | 15 | 17 | 17 |
| Depreciation | 103 | 98 | 90 | 87 | 23 | 27 | 32 | 40 | 43 | 43 |
| Profit before tax | 51 | 27 | 14 | -12 | 87 | 105 | 137 | -76 | 48 | 60 |
| Tax % | 99% | 113% | -20% | -638% | 21% | 25% | 24% | 53% | -102% | |
| 1 | -4 | 17 | 63 | 69 | 78 | 104 | -115 | 97 | 106 | |
| EPS in Rs | 68.00 | -360.00 | 1,737.00 | 9.87 | 10.83 | 12.24 | 16.29 | -18.04 | 15.23 | 16.58 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 15% | 15% | 15% | -17% | 16% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 33% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 38% |
| 3 Years: | 58% |
| TTM: | 118% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 58% |
| 3 Years: | 38% |
| 1 Year: | 25% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 12% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.00 | 960 | 0.00 | 32 | 32 | 32 | 32 | 32 | 32 |
| Reserves | 1 | 920 | 3 | 995 | 1,059 | 1,132 | 1,224 | 1,553 | 1,631 |
| 231 | 102 | 83 | 41 | 26 | 63 | 140 | 201 | 196 | |
| 1,078 | -783 | 1,114 | 64 | 95 | 130 | 220 | 247 | 231 | |
| Total Liabilities | 1,310 | 1,199 | 1,200 | 1,132 | 1,212 | 1,358 | 1,617 | 2,033 | 2,091 |
| 1,085 | 980 | 927 | 846 | 842 | 929 | 960 | 1,064 | 1,148 | |
| CWIP | 1 | 4 | 3 | 1 | 4 | 19 | 86 | 40 | 44 |
| Investments | 64 | 11 | 9 | 30 | 75 | 44 | 91 | 78 | 63 |
| 159 | 204 | 261 | 255 | 291 | 366 | 480 | 851 | 836 | |
| Total Assets | 1,310 | 1,199 | 1,200 | 1,132 | 1,212 | 1,358 | 1,617 | 2,033 | 2,091 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 116 | 35 | 76 | 70 | 78 | 233 | 178 | 218 | ||
| -1,267 | -43 | -11 | -53 | -100 | -276 | -227 | -183 | ||
| 1,180 | 4 | -54 | -24 | 24 | 58 | 30 | -41 | ||
| Net Cash Flow | 28 | -4 | 12 | -7 | 2 | 15 | -18 | -6 | |
| Free Cash Flow | -1,075 | -6 | 73 | 51 | -35 | 104 | 57 | 83 | |
| CFO/OP | 71% | 37% | 102% | 71% | 63% | 167% | 94% | 88% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 103 | 165 | 204 | 220 | 171 | 121 | 126 | 282 | 115 |
| Inventory Days | 64 | ||||||||
| Days Payable | 145 | ||||||||
| Cash Conversion Cycle | 103 | 84 | 204 | 220 | 171 | 121 | 126 | 282 | 115 |
| Working Capital Days | -1 | 103 | 216 | 225 | 198 | 249 | 171 | 241 | 53 |
| ROCE % | 3% | 3% | -1% | 8% | 9% | 11% | 12% | 15% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Mar 2027 (P) | |
|---|---|---|---|---|---|---|
| Onshore Rigs (Drilling + Workover) Number |
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| Order Book Rs Crore |
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| Total Gas Compression Capacity Horsepower (HP) |
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| Customer Concentration - Top Client (ONGC) % of Revenue % |
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| Production Enhancement Contract (PEC) Annual Revenue Rs Crore |
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| Revenue Mix - Natural Gas Services Share % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Deep Industries to attend Phillip Capital’s Market Marvel investor conference in Ahmedabad on August 26, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Deep Industries to attend EMKAY Confluence 2026 and Equirus Annual India Conference in Mumbai on August 13-14, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Deep Industries to attend EMKAY Confluence 2026 on Aug 13 and Equirus Annual India Conference on Aug 14 in Mumbai.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
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Business Responsibility and Sustainability Reporting (BRSR)
- Deep Industries filed its FY2025-26 BRSR with annual ESG, workforce, and governance disclosures.
Annual reports
Concalls
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Jul 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025TranscriptPPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Aug 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022Transcript PPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Aug 0225TranscriptPPTREC
Market Position
The company covers 70%+ of Post Exploration Services in the Oil & Gas Services Industry. [1]