DEEPINDS - Deep Industries Limited Share Price

Oil

₹460.65+0.75(+0.16%)

Market Closed as of Apr 28, 2025, 15:30 IST

What does Deep Industries Limited do?

Offshore Support SolutionDrilling•Oil, Gas & Consumable Fuels•Small Cap

Deep Industries Limited provides oil and gas field services in India. Its services include air and gas compression; drilling and workover; gas dehydration, conditioning, and processing; and integrated project management services, as well as rental and chartered hire of equipment and services. The company was formerly known as Deep CH4 Limited and changed its name to Deep Industries Limited in September 2020. Deep Industries Limited was founded in 1991 and is based in Ahmedabad, India.

Industry Group:Oil

Employees:878

Website:deepindustries.com

Pros

Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.

Profitability: Very strong Profitability. One year profit margin are 29%.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Balance Sheet: Strong Balance Sheet.

Growth: Awesome revenue growth! Revenue grew 28.6% over last year and 86.9% in last three years on TTM basis.

Cons

Technicals: SharesGuru indicator is Bearish.

Momentum: Stock is suffering a negative price momentum. Stock is down -8.1% in last 30 days.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Sector Comparison: DEEPINDS vs Oil

Comprehensive comparison against sector averages

Comparative Metrics

DEEPINDS metrics compared to Oil

Category	DEEPINDS	Oil
PE	17.88	8.04
PS	5.20	0.55
Growth	28.6 %	2.4 %

Performance Comparison

DEEPINDS vs Oil (2022 - 2025)

Key Insights

1. DEEPINDS is among the Top 3 Oil companies by market cap.
2. The company holds a market share of 0.1% in Oil.
3. In last one year, the company has had an above average growth that other Oil companies.

Share Holdings

Understand Deep Industries ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
Manoj Shantilal Savla on behalf of Shantilal Savla Family Trust	31.49%
Rupesh Kantilal Savla on behalf of Rupesh Savla Family Trust	12.7%
Dharen Shantilal Savla	6.43%
Priti Paras Savla	6.43%
Mita Manoj Savla	4.16%
LLP	3.9%
Monit Exim Llp	3.71%
Shail M Savla	2.27%
Pushpaben Gadhecha	1.29%
Mavira Growth Opportunities Fund	1.03%
Savla Oil and Gas Private Limited	0%
Aarav Rupesh Savla	0%
Avani Dharen Savla	0%
Manoj Shantilal Savla	0%
Parasbhai Shantilal Savla	0%
Prabhaben Shantilal Savla	0%
Shantilal Murjibhai Savla	0%
Sheetal Rupesh Savla	0%
Rupesh Kantilal Savla	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Summary of Latest Earnings Report from Deep Industries

Summary of Deep Industries's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

Management's outlook highlights a positive trajectory driven by favorable global and domestic energy sector dynamics. Key points:

Global/Policy Tailwinds:
- Pro-oil policies under the new U.S. administration and India's Oilfields Regulation and Development Act (2024) aim to modernize regulations, attract investment, and boost exploration.
- Emphasis on hydrogen production, carbon capture, and enhanced oil recovery techniques to strengthen energy security.
Growth Drivers:
- Production Enhancement Contracts (PECs): Secured an 8-field PEC with ONGC (targeting incremental production; FY27 revenue >INR 100 Cr).
- Barge Deployment: DP Barge (95% readiness) to be deployed internationally in Q4, targeting $30K"“$60K/day rates.
- Offshore Expansion: Adding tugs/vessels (marine services) with >50% EBITDA margins; first anchor-handling tug operational by Q4.
Financials & Order Book:
- FY25 Guidance: Record revenue/EBITDA/profit; order book at INR 2,701 Cr (â†‘125% YoY).
- Margins: Sustained 45"“47% EBITDA margins via cost control.
- Capex/QIP: INR 500 Cr planned (rigs, PEC, acquisitions); INR 350 Cr QIP to fund growth.
Growth Targets:
- Revenue: >30% YoY growth for next 3 years; FY26 target INR 800 Cr (Dolphin Barge, PEC, core business).
- Inorganic Expansion: Evaluating acquisitions in energy/asset-heavy sectors.
Risks/Market Dynamics:
- Focus on international markets (Barge) and policy-led opportunities (PECs, rigs).
- Bid pipeline: INR 700"“750 Cr (50% success rate expected).

Management remains confident in leveraging policy support, operational expertise, and strategic investments to sustain growth.

Q&A Session

Last updated: Feb 25

Question: Congratulations, sir, for a great set of numbers. My first question is on the status of barge. Like what is the status right now? And have we secured a long-term contract or still we are exploring opportunities in it?
Answer: The barge is 95% complete, delayed due to a critical equipment shipment from the U.S. Deployment is expected in the current quarter, with revenue anticipated in Q4. Contract negotiations are ongoing, with potential for higher rates, but specifics remain uncertain.

Question: Okay. So by when can we see the deployment?
Answer: Deployment is slated for the current quarter (Q4 FY25), with partial revenue recognition expected during this period.

Question: What kind of revenues now we should expect now the market scenario has changed? So still we can expect the last quotation you have given us? Or we should expect something higher?
Answer: Revenue projections are dynamic due to market conditions. Opportunities for higher rates exist, but no confirmation on exact figures.

Question: How this vertical [production enhancement contract] can become?
Answer: The PEC vertical involves enhancing production in 8 ONGC gas fields in Rajahmundry. Revenue will be shared on incremental production, with significant growth expected from FY27 onwards.

Question: Any bidding pipeline for this kind of contract that you can share?
Answer: No active bids yet, but multiple PEC opportunities are expected. Focus remains on long-term contracts (10"“15 years) leveraging operational expertise.

Question: What kind of revenue can we expect from this ONGC PEC contract in FY '26?
Answer: FY26 revenue from PEC will be modest (~6 months of operations), escalating to over INR 100 crores annually from FY27.

Question: How much organic growth are we expecting from our business?
Answer: Traditional segments (natural gas, integrated projects) are growing organically at 18"“19% YoY.

Question: What are the margins we are looking forward?
Answer: EBITDA margins are expected to remain stable at 45"“47% due to cost optimization and operational efficiency.

Question: What is the specific intent for this QIP? And what is the timeline for this fund raise?
Answer: The QIP (INR 350 crores) will fund FY26 capex (INR 500+ crores) and potential acquisitions. Timeline aligns with FY26 project execution.

Question: What is our current bidding pipeline as of this quarter?
Answer: The bidding pipeline stands at INR 700"“750 crores, with a 50% success rate expected over 3"“6 months.

Question: How have the rates [for barges] been historically?
Answer: Rates for DP barges have risen, with current charter rates at $50,000"“$60,000/day (all-inclusive) or $30,000/day (net of Opex).

Question: Are we still targeting INR 800 crores revenue by FY '26?
Answer: Yes, driven by Dolphin's barge revenue, organic growth, and incremental PEC contributions.

Question: What is the amount of capex we'll need to incur for our production enhancement contract?
Answer: Capex for PEC is estimated at INR 160 crores over two years, focusing on production optimization.

Question: Why this QIP amount is high despite healthy cash flows?
Answer: Liquidity is prioritized for dynamic market opportunities, including acquisitions and unplanned capex, alongside debt flexibility.

Question: What is the update on Selan's projects?
Answer: One rig is dedicated to Selan, with drilling focused in Gujarat and Northeast India. Execution timelines align with FY26 targets.

Balance Sheet for Deep Industries

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-45.8%	14	25	13	9.96	0.79	7.59
Current investments	23.8%	105	85	60	38	67	56
Loans, current	36.5%	214	157	3.2	37	0	0
Total current financial assets	16.9%	498	426	342	215	220	221
Inventories	21.6%	46	38	38	38	29	22
Total current assets	8.5%	577	532	517	358	315	294
Property, plant and equipment	13.6%	653	575	532	544	469	457
Capital work-in-progress	-78.8%	19	86	34	19	48	4.28
Non-current investments	3.6%	5.84	5.67	5.73	5.73	2.51	18
Total non-current financial assets	3%	6.92	6.75	25	8.18	6.9	22
Total non-current assets	1.7%	1,103	1,085	1,010	1,001	947	918
Total assets	3.9%	1,680	1,617	1,527	1,358	1,262	1,212
Borrowings, non-current	0%	79	79	52	51	51	8.86
Total non-current financial liabilities	0%	79	79	52	51	51	8.86
Total non-current liabilities	2.1%	147	144	114	111	109	58
Borrowings, current	63.3%	99	61	30	13	2.05	17
Total current financial liabilities	16.7%	134	115	104	71	27	57
Current tax liabilities	140.7%	6.8	3.41	5.73	5.35	-	0
Total current liabilities	7.4%	232	216	202	83	34	63
Total liabilities	5.3%	379	360	316	194	144	121
Equity share capital	0%	32	32	32	32	32	32
Total equity	3.6%	1,301	1,256	1,212	1,164	1,118	1,091
Total equity and liabilities	3.9%	1,680	1,617	1,527	1,358	1,262	1,212

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-7.7%	25	27	19	20	1.03	12
Current investments	7.1%	151	141	83	47	67	56
Loans, current	1.4%	75	74	3.2	0	0	0
Total current financial assets	7.5%	592	551	483	350	234	225
Inventories	14.6%	56	49	53	46	38	40
Current tax assets	-	0.01	-	-	-	-	0
Total current assets	2.1%	687	673	675	512	360	317
Property, plant and equipment	12.8%	669	593	564	622	483	483
Capital work-in-progress	-16.4%	184	220	66	20	48	4.6
Non-current investments	18471.4%	14	1.07	1.13	1.13	1.6	17
Total non-current financial assets	1169.8%	17	2.26	21	3.62	7.35	21
Total non-current assets	4.9%	1,300	1,239	1,053	1,075	962	943
Total assets	4%	1,987	1,911	1,773	1,587	1,322	1,260
Borrowings, non-current	-16.7%	81	97	54	38	54	11
Total non-current financial liabilities	-16.5%	82	98	55	38	54	11
Total non-current liabilities	-8.6%	149	163	117	98	112	60
Borrowings, current	67.2%	103	62	36	32	17	20
Total current financial liabilities	24.1%	140	113	111	94	56	63
Provisions, current	-	0	0	0	0	0	0
Current tax liabilities	133.3%	7.3	3.7	6.09	5.35	-	0
Total current liabilities	10.9%	245	221	214	109	66	70
Total liabilities	2.6%	394	384	331	208	178	130
Equity share capital	0%	32	32	32	32	32	32
Non controlling interest	6%	89	84	8.92	-	-	0.31
Total equity	4.3%	1,593	1,527	1,442	1,379	1,145	1,130
Total equity and liabilities	4%	1,987	1,911	1,773	1,587	1,322	1,260

Valuation
Market Cap	2.95 kCr
Price/Earnings (Trailing)	17.91
Price/Sales (Trailing)	5.21
EV/EBITDA	11.75
Price/Free Cashflow	-86.15
MarketCap/EBT	14.62

Fundamentals
Revenue (TTM)	566.28 Cr
Rev. Growth (Yr)	43.51%
Rev. Growth (Qtr)	18.6%
Earnings (TTM)	164.58 Cr
Earnings Growth (Yr)	70.4%
Earnings Growth (Qtr)	14.6%

Profitability
Operating Margin	35.51%
EBT Margin	35.61%
Return on Equity	10.33%
Return on Assets	8.28%
Free Cashflow Yield	-1.16%

Cash Flow for Deep Industries

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	71.9%	6.81	4.38	4.23
Change in inventories	95.9%	0.3	-15.91	8.23
Depreciation	19.2%	32	27	23
Unrealised forex losses/gains	-	-0.67	0	0
Dividend income	-114.1%	0	8.08	0.02
Adjustments for interest income	463.4%	21	4.55	2.16
Net Cashflows from Operations	81.9%	132	73	76
Income taxes paid (refund)	383.5%	19	-5.35	5.65
Net Cashflows From Operating Activities	45.5%	113	78	70
Proceeds from sales of PPE	-	1.64	0	6.87
Purchase of property, plant and equipment	16.1%	131	113	26
Proceeds from sales of investment property	-	-43.72	0	144
Purchase of investment property	401.5%	5.13	-0.37	180
Dividends received	-114.1%	0	8.08	0.02
Interest received	765.8%	21	3.31	2.16
Other inflows (outflows) of cash	59.8%	0	-1.49	0
Net Cashflows From Investing Activities	-51.3%	-156.38	-103	-53.47
Proceeds from borrowings	194.4%	107	37	0
Repayments of borrowings	-	31	0	15
Dividends paid	123.6%	12	5.92	4.48
Interest paid	65.1%	6.58	4.38	4.23
Net Cashflows from Financing Activities	119.2%	58	27	-23.64
Net change in cash and cash eq.	921.9%	15	2.37	-7.14

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	36.9%	8.46	6.45	4.77
Change in inventories	48%	-3.7	-8.03	-0.79
Depreciation	-2.9%	34	35	24
Unrealised forex losses/gains	-143.7%	-1.27	6.19	0
Dividend income	-111.4%	0.19	8.08	0.02
Adjustments for interest income	407%	19	4.55	1.41
Net Cashflows from Operations	142.7%	200	83	81
Income taxes paid (refund)	400.2%	20	-5.33	5.67
Net Cashflows From Operating Activities	105.7%	180	88	75
Proceeds from sales of PPE	-	5.74	0	1.89
Purchase of property, plant and equipment	92%	216	113	30
Proceeds from sales of investment property	-125.8%	-5.97	28	0
Purchase of investment property	232%	84	26	0
Dividends received	9%	0.19	0.11	0.02
Interest received	679.2%	19	3.31	1.41
Other inflows (outflows) of cash	-	0	0	6.13
Net Cashflows From Investing Activities	-157.8%	-280.92	-108.36	-64.51
Proceeds from borrowings	120%	89	41	0
Repayments of borrowings	-	0	0	9.1
Payments of lease liabilities	-	0.05	0	0
Dividends paid	123.6%	12	5.92	4.48
Interest paid	40.4%	8.12	6.07	4.77
Other inflows (outflows) of cash	-	39	0	0
Net Cashflows from Financing Activities	278.6%	107	29	-18.35
Net change in cash and cash eq.	-21.9%	6.69	8.29	-7.41

Investor Care
Dividend Yield	0.79%
Dividend/Share (TTM)	4.29
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	24.33

Financial Health
Current Ratio	2.8
Debt/Equity	0.12
Debt/Cashflow	0.98

Income Statement for Deep Industries

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	10.2%	120	109	112	105	96	91
Other Income	0%	9.71	9.71	7.92	10	6.1	4.76
Total Income	9.3%	130	119	120	116	102	96
Cost of Materials	11.4%	50	45	47	46	44	39
Employee Expense	8.3%	14	13	13	11	10	9.61
Finance costs	2.4%	3.95	3.88	3.34	1.96	2.35	1.11
Depreciation and Amortization	0.1%	10	9.99	9.54	6.59	8.4	8.73
Other expenses	-16.7%	5.79	6.75	6.71	8.8	4.98	4.99
Total Expenses	5.1%	83	79	80	74	70	64
Profit Before exceptional items and Tax	17.9%	47	40	40	41	32	32
Total profit before tax	17.9%	47	40	40	41	32	32
Current tax	19%	10	8.56	8.7	6.01	7.41	7.45
Deferred tax	345%	3.67	1.6	1.02	2.81	0.7	0.62
Total tax	44.4%	14	10	9.72	8.82	8.11	8.07
Total profit (loss) for period	10.3%	33	30	30	32	24	24
Other comp. income net of taxes	-	0	0	0	0.02	0	0
Total Comprehensive Income	10.3%	33	30	30	32	24	24
Earnings Per Share, Basic	12.9%	5.12	4.65	4.75	5.06	3.79	3.75
Earnings Per Share, Diluted	12.9%	5.12	4.65	4.75	5.06	3.79	3.75

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021
Revenue From Operations	27%	382	301	272	178
Other Income	31.6%	26	20	10	6.73
Total Income	26.8%	408	322	282	185
Cost of Materials	23.5%	169	137	122	73
Employee Expense	56%	40	26	22	22
Finance costs	71.9%	6.81	4.38	4.23	9.23
Depreciation and Amortization	19.2%	32	27	23	87
Other expenses	0%	23	23	23	15
Total Expenses	25%	271	217	195	197
Profit Before exceptional items and Tax	30.8%	137	105	87	-11.74
Total profit before tax	30.8%	137	105	87	-11.74
Current tax	92.9%	28	15	0	0
Deferred tax	-66%	4.74	12	18	-74.9
Total tax	28%	33	26	18	-74.9
Total profit (loss) for period	33.8%	104	78	69	63
Other comp. income net of taxes	-2.1%	0.02	0.04	0.04	0
Total Comprehensive Income	33.8%	104	78	69	63
Earnings Per Share, Basic	198.6%	16.29	6.12	10.835	9.87
Earnings Per Share, Diluted	198.6%	16.29	6.12	10.835	9.87

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	18.5%	155	131	123	120	105	101
Other Income	23%	8.53	7.12	11	11	9.14	9.66
Total Income	18.2%	163	138	134	131	114	111
Cost of Materials	26.5%	63	50	49	54	46	40
Employee Expense	0%	15	15	15	14	12	12
Finance costs	7.2%	3.22	3.07	2.52	2.92	2.92	0.98
Depreciation and Amortization	0%	10	10	9.82	7.06	8.98	9.31
Other expenses	17.9%	9.62	8.31	8.35	18	6.36	7.51
Total Expenses	18.8%	102	86	85	92	77	73
Profit Before exceptional items and Tax	22%	62	51	49	39	37	38
Exceptional items before tax	-	0	0	0	0.57	0	0
Total profit before tax	22%	62	51	49	40	37	38
Current tax	17.2%	10	8.68	9.1	5.41	8.59	7.81
Deferred tax	3842.9%	3.76	1.07	1.25	-2.44	0.71	0.61
Total tax	48.7%	14	9.74	10	2.97	9.3	8.41
Total profit (loss) for period	14.6%	48	42	39	37	28	30
Other comp. income net of taxes	502%	2.97	0.51	0.12	-0.96	-0.21	1.75
Total Comprehensive Income	22%	51	42	39	36	28	31
Earnings Per Share, Basic	16.2%	6.81	6	5.79	5.73	4.37	4.61
Earnings Per Share, Diluted	16.2%	6.81	6	5.79	5.73	4.37	4.61

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021
Revenue From Operations	25.3%	427	341	322	194
Other Income	250%	36	11	4.64	6.55
Total Income	31.2%	463	353	326	200
Cost of Materials	23.6%	179	145	154	75
Employee Expense	42.4%	48	34	28	27
Finance costs	76.4%	8.46	5.23	4.77	9.36
Depreciation and Amortization	13.8%	34	30	24	88
Other expenses	25.8%	40	32	30	16
Total Expenses	26.1%	310	246	236	210
Profit Before exceptional items and Tax	42.5%	152	107	91	-10.06
Exceptional items before tax	-98.7%	1.58	45	0	0
Total profit before tax	1.3%	154	152	91	-10.06
Current tax	100%	29	15	0.15	0.02
Deferred tax	-113.7%	-0.51	12	18	-74.88
Total tax	12%	29	26	18	-74.86
Total profit (loss) for period	0%	125	125	72	65
Other comp. income net of taxes	-107.1%	0.57	7.09	0.04	0
Total Comprehensive Income	-4.6%	126	132	72	65
Earnings Per Share, Basic	111.1%	19.56	9.79	11.31	10.125
Earnings Per Share, Diluted	111.1%	19.56	9.79	11.31	10.125

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
ONGC	Oil And Natural Gas CorpOil Exploration & Production	3.15 LCr	6.7 LCr	+1.71%	-11.42%	7.61	0.47	+2.81%	-17.79%
GAIL	Gail (India)Gas Transmission/Marketing	1.25 LCr	1.4 LCr	+3.46%	-8.98%	10.02	0.89	+3.28%	+54.02%
OIL	Oil IndiaOil Exploration & Production	65.9 kCr	38.24 kCr	+4.76%	-3.28%	8.37	1.72	+5.60%	+18.84%
SELAN	Selan Exploration TechnologyOil Exploration & Production	825.66 Cr	262.33 Cr	-3.17%	-13.50%	11.74	3.15	+74.57%	+172.06%

DEEPINDS - Deep Industries Limited Share Price

What does Deep Industries Limited do?

Sector Comparison: DEEPINDS vs Oil

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Summary of Latest Earnings Report from Deep Industries

Balance Sheet for Deep Industries

Valuation

Fundamentals

Profitability

Cash Flow for Deep Industries

Investor Care

Financial Health

Income Statement for Deep Industries

Is Deep Industries Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)