DEEPINDS

Deep Industries Limited

Oilfield services and production-enhancement contractor for onshore drilling and gas processing

Energy›Oil, Gas & Consumable Fuels›Oil›Oil Equipment & Services

deepindustries.com

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Key metrics

Price as of 2026-10-16

Stock price

₹753.35

Market cap

4,821 Cr

Stock P/E

23.3

P/B

2.41

Dividend yield

0.4%

ROE (FY26)

8.5%

ROCE (FY26)

6.8%

Operating margin (FY26)

33.2%

Debt / equity (FY26)

0.10

OCF / EBITDA (FY26)

76.0%

OCF / EBITDA (3Y)

88.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Deep Industries provides oil and gas field services in India: onshore drilling and workover rigs, gas compression and processing, production enhancement and, through a subsidiary, offshore services, mainly for public-sector oil and gas producers led by ONGC (Oil and Natural Gas Corporation).

Company snapshot

1stBy market cap

Ranked among 3 companies in Oil Equipment & Services.

What we see

Positives

✓Net margin of 22.1% — the business keeps a healthy share of every rupee it earns.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Sept 2023	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	101 Cr	105 Cr	120 Cr	123 Cr	131 Cr	155 Cr	167 Cr	199 Cr	221 Cr	221 Cr	249 Cr	279 Cr
Operating expenses (approx.)	63 Cr	65 Cr	82 Cr	73 Cr	73 Cr	88 Cr	111 Cr	118 Cr	129 Cr	121 Cr	167 Cr	171 Cr
EBITDA	39 Cr	40 Cr	38 Cr	51 Cr	57 Cr	67 Cr	57 Cr	82 Cr	92 Cr	100 Cr	82 Cr	108 Cr
OPM %	38.1%	38.2%	31.6%	41.0%	44.0%	43.1%	33.9%	40.9%	41.4%	45.2%	32.9%	38.8%
Other income	10 Cr	9 Cr	11 Cr	11 Cr	7 Cr	9 Cr	6 Cr	13 Cr	21 Cr	10 Cr	25 Cr	24 Cr
Interest	0.98 Cr	3 Cr	3 Cr	3 Cr	3 Cr	3 Cr	3 Cr	4 Cr	7 Cr	4 Cr	3 Cr	4 Cr
Depreciation	9 Cr	9 Cr	7 Cr	10 Cr	10 Cr	10 Cr	11 Cr	13 Cr	15 Cr	16 Cr	16 Cr	16 Cr
Profit before tax	38 Cr	37 Cr	40 Cr	49 Cr	51 Cr	62 Cr	-202 Cr	78 Cr	91 Cr	90 Cr	-120 Cr	112 Cr
Tax %	22.2%	25.0%	7.5%	21.1%	19.0%	22.7%	-2.2%	20.7%	22.1%	20.8%	94.0%	20.2%
Net profit	30 Cr	28 Cr	37 Cr	39 Cr	42 Cr	48 Cr	-207 Cr	62 Cr	71 Cr	71 Cr	-7 Cr	89 Cr
EPS (₹)	₹4.61	₹4.37	₹5.73	₹5.79	₹6.00	₹6.81	₹-32.68	₹9.19	₹10.53	₹10.63	₹-2.24	₹13.34

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	194 Cr	322 Cr	341 Cr	427 Cr	576 Cr	891 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	113 Cr	207 Cr	211 Cr	268 Cr	345 Cr	535 Cr	Sign in free for the trailing twelve months
EBITDA	80 Cr	115 Cr	131 Cr	159 Cr	231 Cr	355 Cr	Sign in free for the trailing twelve months
OPM %	41.5%	35.7%	38.2%	37.3%	40.2%	39.9%	Sign in free for the trailing twelve months
Other income	7 Cr	5 Cr	11 Cr	36 Cr	32 Cr	70 Cr	Sign in free for the trailing twelve months
Interest	9 Cr	5 Cr	5 Cr	8 Cr	12 Cr	18 Cr	Sign in free for the trailing twelve months
Depreciation	88 Cr	24 Cr	30 Cr	34 Cr	41 Cr	59 Cr	Sign in free for the trailing twelve months
Profit before tax	-10 Cr	91 Cr	152 Cr	154 Cr	-40 Cr	140 Cr	Sign in free for the trailing twelve months
Tax %	744.4%	20.2%	17.4%	18.6%	-95.5%	-41.1%	Sign in free for the trailing twelve months
Net profit	65 Cr	72 Cr	125 Cr	125 Cr	-79 Cr	197 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹20.25	₹22.62	₹19.58	₹19.56	₹-14.08	₹28.12	Sign in free for the trailing twelve months
Dividend payout %	0.0%	6.2%	4.7%	9.5%	—	9.9%	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	32 Cr	32 Cr	32 Cr	32 Cr	32 Cr	32 Cr
Reserves	1,030 Cr	1,098 Cr	1,347 Cr	1,411 Cr	1,788 Cr	1,967 Cr
Borrowings	9 Cr	32 Cr	70 Cr	159 Cr	205 Cr	203 Cr
Other liabilities	102 Cr	98 Cr	138 Cr	226 Cr	272 Cr	280 Cr
Total liabilities	1,173 Cr	1,260 Cr	1,587 Cr	1,911 Cr	2,393 Cr	2,595 Cr
Fixed assets (net)	483 Cr	483 Cr	622 Cr	593 Cr	696 Cr	1,087 Cr
CWIP	0.66 Cr	5 Cr	20 Cr	220 Cr	258 Cr	56 Cr
Investments	29 Cr	73 Cr	48 Cr	142 Cr	152 Cr	142 Cr
Loans & advances	0.03 Cr	0 Cr	0 Cr	74 Cr	0.10 Cr	0.23 Cr
Inventories	39 Cr	40 Cr	46 Cr	49 Cr	60 Cr	94 Cr
Trade receivables	128 Cr	135 Cr	252 Cr	277 Cr	589 Cr	480 Cr
Cash & bank	19 Cr	12 Cr	20 Cr	27 Cr	17 Cr	15 Cr
Other assets	475 Cr	512 Cr	578 Cr	530 Cr	621 Cr	720 Cr
Total assets	1,173 Cr	1,260 Cr	1,587 Cr	1,911 Cr	2,393 Cr	2,595 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	81 Cr	75 Cr	88 Cr	180 Cr	210 Cr	270 Cr
Cash from investing	-11 Cr	-65 Cr	-108 Cr	-281 Cr	-248 Cr	-233 Cr
Cash from financing	-54 Cr	-18 Cr	29 Cr	107 Cr	28 Cr	-39 Cr
Net cash flow	16 Cr	-7 Cr	8 Cr	7 Cr	-10 Cr	-2 Cr
Free cash flow (OCF − Capex)	76 Cr	45 Cr	-25 Cr	-36 Cr	-0.07 Cr	34 Cr

Ratios

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	-0.1%	8.2%	10.8%	9.6%	-1.3%	6.8%
ROE %	6.1%	6.4%	9.1%	8.1%	-4.7%	8.5%
Debtor days	240	153	269	237	372	196
Inventory days	188	94	115	100	92	86
Days payable	156	90	140	83	110	85
Cash conversion cycle	272	157	244	254	353	197
OCF / EBITDA %	100.7%	65.7%	67.5%	113.2%	90.7%	76.0%
OCF / EBITDA % (3 years)	—	—	75.1%	85.0%	91.8%	88.5%
Debt / equity	0.0086	0.03	0.05	0.11	0.11	0.10
Current ratio	3.95	4.56	4.69	3.05	3.01	2.69
Net debt / EBITDA	-0.13	0.17	0.38	0.83	0.81	0.53