Deep Industries Limited (DEEPINDS)

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Deep Industries Limited (DEEPINDS) · mywealthgrid

About

Deep Industries Limited provides oil equipment and services within the Energy sector. The company operates at significant scale (market cap ₹4,279.68 Cr, price ₹668.7) with strong operating margins of 39.89% and minimal leverage (D/E 0.1), signalling an established, capital-efficient business.

Face value: ₹5

Market cap

₹4,794 Cr

P/E

23.2×

P/B

2.4×

Dividend yield

0.7%

ROE

9.4%

ROCE

16.7%

Debt / equity

0.1

OPM

39.9%

EPS (TTM)

₹32.3

Book value

₹312.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profit cyclicality: Net profit swung -₹49.89 Cr (Mar 2026) to +₹55.18 Cr (Jun 2026); verify project pipeline visibility and cycle predictability
Revenue volatility: Quarterly range ₹171.62–₹278.92 Cr with insufficient transparency on order drivers; verify demand visibility and customer capex patterns
Capital efficiency gap: ROE 9.42% lags OPM 39.89%; verify asset utilization and capital structure effectiveness
Limited institutional participation: FII 1.47%, DII 1.54% with 63.49% promoter concentration; verify analyst coverage and research visibility

Generated analysis · source review pending

Growth drivers

Financial flexibility: D/E 0.1 provides debt capacity for growth investment or shareholder distributions
Margin resilience: OPM 39.89% sustained with quarterly range 32.93%–45.22% across profit volatility
Profit recovery: Jun 2026 net profit ₹89.14 Cr, EPS 13.34 representing improvement from Mar 2026 loss of -₹49.89 Cr
Revenue stabilization: Jun 2026 revenues ₹171.78 and ₹278.92 Cr indicate recovery after volatile prior quarters

Generated analysis · source review pending

1,341 historical price candles were omitted because the exchange source has not been verified.

₹749.0-4.3%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 39.9%
+Profit CAGR of 22.7% over the last 5 years
+Revenue CAGR of 35.7% over the last 5 years
+Comfortable interest coverage of 20.7×
+High promoter holding of 63.5% with no pledge

Cons

−Low return on equity of 4.2% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

74/100

Business quality: 70
Growth: 86
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	194	322	341	427	576	891
COGS	70	149	145	179	237	400
Gross profit	123	172	197	248	339	491
	43	58	66	88	107	135
	80	115	131	159	231	355
OPM %	41.5%	35.7%	38.3%	37.3%	40.2%	39.9%
Depreciation	88	24	30	34	41	59
Interest	9	5	5	8	12	18
	7	5	56	37	-219	-139
Profit before tax	-10	91	152	154	-40	140
Tax	-75	18	26	29	38	-57
Tax %	-744.1%	20.2%	17.4%	18.6%	95.5%	-41.1%
	65	72	125	125	-79	197
PAT margin %	33.5%	22.5%	36.7%	29.3%	-13.7%	22.1%
EPS (₹)	20.3	22.6	19.6	19.6	-14.1	28.1
EPS adjusted (₹)	10.1	11.3	19.5	19.4	-14.1	28.1
	0%	14.4%	9.4%	12.5%	—	8.9%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	960	32	32	32	32	32	32
Reserves	37	1,030	1,098	1,347	1,411	1,788	1,967
Minority interest	—	—	—	—	84	95	113
	62	41	32	70	159	205	203
	177	70	99	138	226	272	280
Total equity & liabilities	1,236	1,173	1,260	1,587	1,911	2,393	2,595
	948	868	868	1,007	979	1,081	1,472
CWIP	3	1	5	20	220	258	56
Investments	9	29	73	48	142	152	142
	276	276	314	512	571	901	925
Total assets	1,236	1,173	1,260	1,587	1,911	2,393	2,595

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	63.7%	53.6%	57.6%	58%	58.8%	55.1%
EBITDA margin %	41.5%	35.7%	38.3%	37.3%	40.2%	39.9%
EBIT margin %	-3.7%	28.2%	29.6%	29.3%	33%	33.2%
PAT margin %	33.5%	22.5%	36.7%	29.3%	-13.7%	22.1%
Working capital
Receivable days	240	154	270	237	373	197
Inventory days	202	97	115	100	92	86
Payable days	—	—	140	83	110	85
NWC days	—	—	245	254	354	198
Leverage
Current ratio	3.5	4.56	4.69	3.05	3.01	2.69
Debt to EBITDA	0.51	0.28	0.54	0.99	0.89	0.57
Debt to equity	0.04	0.03	0.05	0.11	0.11	0.1
Interest coverage	-0.1	20	21.5	19	18.8	20.7
Asset turnover	0.17	0.26	0.22	0.22	0.24	0.34
Return ratios
Return on assets %	5.5%	5.7%	7.9%	6.5%	-3.3%	7.6%
Return on capital employed %	-0.1%	8.3%	8.4%	10.1%	11.8%	16.7%
Return on equity %	6.1%	6.4%	9.1%	8.7%	-4.3%	9.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	63.49%	63.49%	63.49%	63.49%	63.49%	63.49%	63.49%	63.49%	63.49%	63.49%	63.49%	63.49%
	2.18%	2.03%	1.82%	2.11%	2.08%	1.99%	2.18%	1.5%	2.09%	1.71%	1.81%	1.47%
	0%	0%	0%	0%	0%	1.03%	1.17%	1.15%	1.15%	1.1%	1.12%	1.54%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	34.33%	34.48%	34.69%	34.4%	34.43%	33.49%	33.16%	33.86%	33.27%	33.7%	33.58%	33.5%
No. of shareholders	—	—	—	—	—	—	—	—	37,606	37,201	37,304	37,020

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Deep Industries Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

31 announcementsExport CSV

22 Sept 2026, 5:11 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	63.7%	53.6%	57.6%	58%	58.8%	55.1%
EBITDA margin %	41.5%	35.7%	38.3%	37.3%	40.2%	39.9%
EBIT margin %	-3.7%	28.2%	29.6%	29.3%	33%	33.2%
PAT margin %	33.5%	22.5%	36.7%	29.3%	-13.7%	22.1%
Working capital
Receivable days	240	154	270	237	373	197
Inventory days	202	97	115	100	92	86
Payable days	—	—	140	83	110	85
NWC days	—	—	245	254	354	198
Leverage
Current ratio	3.5	4.56	4.69	3.05	3.01	2.69
Debt to EBITDA	0.51	0.28	0.54	0.99	0.89	0.57
Debt to equity	0.04	0.03	0.05	0.11	0.11	0.1
Interest coverage	-0.1	20	21.5	19	18.8	20.7
Asset turnover	0.17	0.26	0.22	0.22	0.24	0.34
Return ratios
Return on assets %	5.5%	5.7%	7.9%	6.5%	-3.3%	7.6%
Return on capital employed %	-0.1%	8.3%	8.4%	10.1%	11.8%	16.7%
Return on equity %	6.1%	6.4%	9.1%	8.7%	-4.3%	9.9%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Deep Industries LimitedDEEPINDSDEEPINDS	₹4,794 Cr	₹4,997 Cr	₹970 Cr	₹382 Cr	39.9%	₹206 Cr	22.1%	16.7%	9.4%	198
Asian Energy Services LimitedASIANENEASIANENE	₹2,268 Cr	₹2,427 Cr	₹947 Cr	₹105 Cr	12.1%	₹58 Cr	6.6%	17.2%	11.5%	40
Oil Country Tubular LimitedOILCOUNTUBOILCOUNTUB	₹439 Cr	₹464 Cr	₹63 Cr	₹-3 Cr	6.5%	₹-65 Cr	-87.7%	-19.7%	-28.7%	635
DHP India LtdDHPINDDHPIND	₹151 Cr	₹158 Cr	₹70 Cr	₹21 Cr	22%	₹23 Cr	15.3%	6.6%	4.7%	275
Duke Offshore LtdDUKEOFSDUKEOFS	₹88 Cr	₹88 Cr	₹1 Cr	₹0 Cr	—	₹-1 Cr	—	-13.2%	-14.4%	—

25 deals · 2 Aug 2021 – 20 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
20 Mar 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	5,18,383	₹417.51	₹21.64 Cr
20 Mar 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	5,18,383	₹417.79	₹21.66 Cr
20 Mar 2026	GRT STRATEGIC VENTURES LLP	Bulk	NSE	Sell	4,36,329	₹420.18	₹18.33 Cr
20 Mar 2026	GRT STRATEGIC VENTURES LLP	Bulk	NSE	Buy	4,36,329	₹420.01	₹18.33 Cr
9 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	3,44,462	₹460.42	₹15.86 Cr
9 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	3,22,430	₹453.58	₹14.62 Cr
9 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	3,22,430	₹453.33	₹14.62 Cr
9 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	2,68,586	₹460.66	₹12.37 Cr
1 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	3,33,244	₹338.38	₹11.28 Cr
1 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	3,33,244	₹338.39	₹11.28 Cr

1–10 of 25

1 / 3

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Date	Category	Subject	Filing
22 Sept 2026, 5:11 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
8 Sept 2026, 1:41 pm	Company Update Award of Order / Receipt of Order	Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order	PDF
2 Sept 2026, 5:49 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
1 Sept 2026, 6:03 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
31 Aug 2026, 2:09 pm	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
22 Aug 2026, 11:32 am	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
10 Aug 2026, 4:57 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
10 Aug 2026, 4:54 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	81	75	88	180	210	270
	-11	-65	-108	-281	-248	-233
	-54	-18	29	107	28	-39
Net cash flow	16	-7	8	7	-10	-2
Free cash flow	76	45	-25	-36	-0	34
CFO / Operating profit %	100.7%	65.7%	67.5%	113.2%	90.7%	76%

Deep Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Investor Presentation and earnings call

6

1

1

Compounded sales growth

Compounded profit growth

Return on equity

Deep Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Quarterly record

Annual reports

Investor Presentation and earnings call

Dividends6

Board meetings1

Stock splits1

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

6

1

1