DEEPINDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Deep Industries reported FY 2026 revenue of ₹891 Cr, up 55% YoY, with EBITDA at ₹425 Cr (up 64%) and PBT at ₹348 Cr (up 65%). Cash profit stood at ₹442 Cr with a 46% cash PAT margin. Operating cash flow improved to ₹270 Cr from ₹210 Cr YoY. The company completed the merger of Kandla Energy and Chemicals Limited (acquired March 2025) effective March 30, 2026. As part of a balance sheet strengthening exercise, the company wrote off ₹208.28 Cr of legacy trade receivables inherited from Kandla — a non-recurring, non-cash charge that did not impact core cash profitability. Q4 EBITDA margin expanded to 39% vs 36% YoY. The board recommended a dividend of Rs. 2.50 per share. Management also entered an MOU to bid for green hydrogen projects and cited India's USD 500 billion energy infrastructure opportunity by 2030 as a strategic tailwind.
Strong underlying operational performance with robust cash generation and margin expansion, though the ₹208.28 Cr write-off is a one-time P&L hit that investors should note. The clean balance sheet and the Kandla integration should support future earnings quality.