Provides oil and gas field services across four main verticals: gas processing (3 fields, 2 for ONGC and 1 for Cairn), gas compression (80+ compressor units), integrated project management with 20 onshore rigs (14 workover and 6 drilling rigs at 1,000 HP), and production enhancement services. The production enhancement business is anchored by a Rs 1,402 crore, 15-year ONGC contract, with incremental production from this contract targeted to restart by October 2026 after a gas leak incident at Well Mori-5 delayed the timeline by 5-6 months. FY26 revenue was Rs 890.71 crore with net profit of Rs 197.06 crore, and the order book stood at Rs 3,047 crore as of Q1 FY27, with over Rs 800 crore earmarked for execution in FY27. Customers include ONGC, Cairn, and Kuwait Oil Company (KOC approved for rig work), with single-client dependence reduced to below 40% of operating revenue. Kandla Energy was merged effective March 2026 to add in-house chemical manufacturing, and offshore operations are being built through Dolphin (DP2 barge Prabha). New gas compression contract wins include a 5-year ONGC charter at GGS Paliyad worth Rs 49.10 crore and a 3-year charter at Lakhmani GGS-5 Assam worth Rs 83.81 crore. The largest input cost is materials at 44.9% of revenue, followed by capex at 26.5% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Gas processing, Gas compression, Integrated project management, Production enhancement services, Offshore. Asset-heavy oilfield services with long-tenure contracts
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 322 | 341 | 427 | 576 | 891 |
| EBITDA (ex other income) | 115 | 175 | 161 | (20) | 147 |
| margin % | 35.7 | 51.3 | 37.7 | (3.4) | 16.5 |
| Owners' profit | 72 | 125 | 124 | (90) | 180 |
| EPS, as reported (₹) | 22.62 | 19.58 | 19.56 | (14.08) | 28.12 |
| ROE % · ROCE % | 6.4 · 8.0 | 9.1 · 10.6 | 8.2 · 9.6 | (4.1) · (1.4) | 9.3 · 6.9 |
| Debt / equity (x) | 0.03 | 0.05 | 0.10 | 0.11 | 0.10 |
| Cash from operations | 75 | 88 | 180 | 210 | 270 |
| Capex | (30) | (113) | (216) | (210) | (236) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 131 | 155 | 167 | 199 | 221 | 221 | 249 | 279 |
| Profit before tax | 51 | 62 | (202) | 78 | 91 | 90 | (120) | 112 |
| Net profit | 42 | 48 | (207) | 62 | 71 | 71 | (7) | 89 |
| EPS (₹) | 6.00 | 6.81 | (32.68) | 9.19 | 10.53 | 10.63 | (2.24) | 13.34 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DEEP INDUSTRIES LIMITED ◆ | 4,956 | 24.0 | 2.35 | 23.8 | 9.3 | 6.1 | 35.7 | 47.3 |
| ASIAN ENERGY SERVICES LTD | 2,597 | 42.0 | 5.25 | 27.9 | 10.5 | 11.3 | 28.2 | 9.0 |
| DHP INDIA LTD. | 154 | 13.9 | 0.65 | — | 4.7 | 6.4 | — | 28.0 |
| DUKE OFFSHORE LTD. | 68 | 28.6 | 16.23 | — | (15.5) | (14.8) | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Order worth about INR 88.15 cr received from ONGC for gas compression services | business updates | high | — | — |
| 2 Sept 2026 · 20th AGM results: all 8 resolutions passed, Rs 2.50 dividend declared | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Deep Industries 20th AGM: Dividend of Rs 2.50, ESOP Scheme 2026 Approved | board shareholder meetings | medium | — | — |
| 31 Aug 2026 · Deep Industries files corporate presentation with BSE and NSE | investor communications | medium | — | — |
| 22 Aug 2026 · Deep Industries to attend Market Marvel investor conference in Ahmedabad on Aug 26 | board shareholder meetings | low | — | — |
| 10 Aug 2026 · Deep Industries to attend two investor conferences in Mumbai on Aug 13-14 | board shareholder meetings | low | — | — |
| 10 Aug 2026 · Deep Industries to attend EMKAY and Equirus investor conferences in Mumbai | board shareholder meetings | low | — | — |
| 8 Aug 2026 · Newspaper ad for 20th AGM notice and Annual Report dispatch | compliance | minimal | — | — |
| 7 Aug 2026 · Deep Industries files BRSR for FY 2025-26 | compliance | minimal | — | — |
| 7 Aug 2026 · Deep Industries 20th AGM on Sep 1, 2026; book closure Aug 26 to Sep 1 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 24.0 | 26.6 | 7 of 16 | 60% |
| P/B | 2.4 | 2.1 | 9 of 16 | 47% |
| ROCE | 6.1 | 6.4 | 12 of 17 | 31% |
| ROE | 9.3 | 8.5 | 8 of 16 | 53% |
| Debt / Equity | 0.1 | 0.1 | 9 of 16 | 47% |
| EBITDA margin | 47.3 | 28.0 | 5 of 15 | 71% |
| Revenue growth | 39.8 | 45.2 | 10 of 15 | 36% |
| Profit growth | 44.5 | 37.6 | 8 of 16 | 53% |
| Market cap | 4956 | 2449 | 4 of 17 | 81% |
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
