Arthneeti

Deep Industries Q1 FY27 Share Price & Earnings Call Analysis

₹667.55-3.70% today
Market cap
₹4,272 Cr
P/E
10.30
ROE
19.19%
PEG
0.16
Price to sales
4.41
Debt to equity
0.10
52W high / low
₹819 / ₹332
Sales growth (5Y)
35.68%
EBITDA margin
39.36%
Net profit margin
45.04%
Promoter holding
63.49%
Sales (last year)
₹970 Cr

Incorporated in 1991, Deep Industries Ltd is in the business of Oil and Gas field services. The company specializes in providing Air & Gas Compression Services, Drilling and Workover Services, Gas Dehydration Services, etc.. The company also provides integrated project management services.[1]

Guidance scorecard · Q1 FY27 call

What Deep Industries's management guided
and where it ranks in Oil

#2of 7 in
Oil
Revenue20–40%MarginsUp 0–2%CapexPlannedFundraisingNone plannedOrder bookRising

RevenueQ1 FY27 call

20–40%
  • Stand-alone business revenue expected to grow by 18% to 20% in the current financial year (FY27) starting Q2 onwards due to new contracts in gas compression and processing.
  • Consolidated growth anticipated to exceed 25% in FY27.
  • Existing order book of INR3,047 crores, with about INR800 crores to be executed in FY27; the traditional onshore business order book (excluding PEC and Dolphin) of around INR1,450 crores supports growth.
  • Order intake trend of adding contracts equivalent to execution rate expected to continue, possibly with larger contracts forthcoming.
  • Offshore segment to grow significantly over next 2-3 years with expansion of fleet beyond current 2 fully utilized assets.
  • Production enhancement contracts expected to contribute approximately INR150+ crores in revenue in FY28 from a single field.

2 more points from Deep Industries's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what Deep Industries said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Higher Capacity Drilling Rigs: Planning to add higher capacity drilling rigs if awarded contracts; estimated capex for FY27 around INR 250-300 crores, funded by debt and internal accruals.
  • Production Enhancement Capex: Capex of approximately INR 150 crores targeted by March 2027 to support incremental production under production enhancement contract.
  • Kandla Manufacturing Facility: Minimal capex of INR 10-15 crores planned to revive Kandla plant for backward integration, improving operating margins; no debt planned for this.
  • Offshore Fleet Expansion: Disciplined, contract-backed fleet expansion strategy; capex only upon securing firm contracts. Currently, two offshore assets deployed with plans to add more.
Full Q1 FY27 analysis

FundraisingQ1 FY27 call

None planned

See what Deep Industries said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • As of June 30, 2026, the outstanding order book stands at INR 3,047 crores.
  • About INR 800 crores of this order book is planned to be executed in the next 9 months (FY27).
  • More than 60% of the order book value is expected to be executed over the next 2 to 2.5 years.
  • The order intake over the past 4-5 quarters has been roughly at a similar rate as execution.
  • The company expects this order addition and execution run rate to continue, with potential addition of larger contracts in the future.

2 more points from Deep Industries's call on the order book

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Full Q1 FY27 analysis
Full Oil ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Oil
on management's own guidance

  1. This stockDeep IndustriesGood growth
    2
  2. Asian EnergyGood growth
    1
  3. Ganesh Benzopl.Good growth
    3
See all potential multibaggersAll Oil rankings

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Oil companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Asian Energy20–40%Up 2%+₹2,233 Cr34.6
2Deep IndustriesThis stock20–40%Up 0–2%₹4,822 Cr11.6
3Ganesh Benzopl.20–40%Flat₹672 Cr10.3
410–20%Flat₹2.79L Cr6.4
510–20%Flat₹72,385 Cr8.7
610–20%Flat₹12,103 Cr56.3

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Pro shows every company guiding 40%+ revenue growth →Full Oil ranking

Financials of Deep Industries

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Deep Industries

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +103.46101.32101.32104.69119.66123.46130.62154.83167.23199.50221.01221.50248.71
Expenses +61.4958.3362.7664.6881.8372.8773.1488.10110.57117.90129.41121.33166.81
Operating Profit41.9742.9938.5640.0137.8350.5957.4866.7356.6681.6091.60100.1781.90
OPM %40.57%42.43%38.06%38.22%31.61%40.98%44.01%43.10%33.88%40.90%41.45%45.22%32.93%
Other Income +49.856.629.669.1411.7910.857.128.53-245.2213.4321.269.91-183.34
Interest2.851.630.982.922.922.523.073.223.044.136.514.322.67
Depreciation8.959.039.318.987.069.8210.2410.4510.6613.0414.9015.6515.64
Profit before tax80.0238.9537.9337.2539.6449.1051.2961.59-202.2677.8691.4590.11-119.75
Tax %9.70%20.39%22.20%24.97%7.49%21.10%19.01%22.70%2.18%20.74%22.12%20.82%-93.97%
Net Profit +72.2631.0129.5227.9436.6838.7541.5547.62-206.6661.7071.2271.35-7.22
EPS in Rs11.294.884.594.255.645.796.006.81-32.689.1910.5310.63-2.24

Financials of Deep Industries

Profit & Loss

Annual income statement trend

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +313318262194322341427576891
Expenses +149165136113205210260335535
Operating Profit16415312681116132167241355
OPM %52%48%48%42%36%39%39%42%40%
Other Income +323635530-228-139
Interest12121195581218
Depreciation1039890882430344159
Profit before tax524428-1091152154-40140
Tax %96%69%-10%-744%20%17%19%96%-41%
Net Profit +214316572125125-79197
EPS in Rs199.001,358.003,110.0010.1211.2719.2819.35-14.0828.12
Dividend Payout %0%0%0%0%14%10%13%-22%0%

Financials of Deep Industries

Balance Sheet

Capital structure and asset base

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.000.000.00323232323232
Reserves210371,0301,0981,3381,4111,7881,967
Borrowings +23110283413270160205203
Other Liabilities +1,0861,1061,1157099147303361393
Total Liabilities1,3191,2181,2361,1731,2601,5871,9062,3862,595
Fixed Assets +1,0859809488688681,0079791,0811,472
CWIP143152022025856
Investments64109297348142152142
Other Assets +169223276276314512566895925
Total Assets1,3191,2181,2361,1731,2601,5871,9062,3862,595

Financials of Deep Industries

Cash Flows

Operating, investing and financing cash movement

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +2009247815582255210270
Cash from Investing Activity +-12432-59-11-76-102-317-248-233
Cash from Financing Activity +-58-1474-5414296928-39
Net Cash Flow19-23-816-787-10-2
Free Cash Flow201102-107626-2544153
CFO/OP132%66%44%105%52%58%165%85%81%

Financials of Deep Industries

Ratios

Working capital efficiency and return ratios

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days99146217240154270237373197
Inventory Days77686
Days Payable94285
Cash Conversion Cycle99146217240154104237373198
Working Capital Days-6100226227180334219256195
ROCE %33%34%-1%8%8%10%12%16%

Guidance history

How Deep Industries's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%Up 0–2%PlannedNone plannedRising
Q4 FY26 call →20–40%FlatPlannedNone plannedFlat
Q3 FY26 call →40%+FlatPlannedPlannedFlat
Q2 FY26 call →40%+Up 0–2%PlannedPlannedRising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

84out of 100

Momentum score · price trend

84 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+41.6%83%
Last 6 months+37.5%86%
Last 3 months+11.8%83%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Deep Industries: 0.4 × 83 + 0.4 × 86 + 0.2 × 83 = 84.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Deep Industries's management said in earlier quarters

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