Deep Industries Ltd

- Deep Industries plans a capital expenditure (capex) of more than INR 500 crores for the next financial year for awarded and expected projects. - They intend to raise approximately INR 350 crores through Qualified Institutional Placement (QIP) equity. - The balance of funding will come from internal accruals and possibly some debt. - The company keeps open the option of liquidating investments and/or taking on debt based on timing and requirement. - Management expects a need for substantial liquidity due to anticipated high order flows and potential acquisition opportunities in the coming 1-2 years. - Despite current net debt-free status, the company is poised to raise debt as needed for growth and liquidity. - The QIP is intended both for capex and acquisition opportunities, with fund usage and timelines depending on when needs arise.

- Capex Plan: Over INR 500 crores planned for the next financial year, covering awarded and anticipated projects. - Production Enhancement Contract: Estimated capex of around INR 160 crores over two years. - Onshore Drilling Assets: Capex ongoing for acquiring 3 rigs, with one additional rig planned next financial year; further rig additions depend on new awards. - Offshore Services: Acquired an anchor-handling tug; plans to add more vessels (diving support, platform supply, tugs) for charter business. - Strategic Acquisition: Exploring acquisition opportunities in the industry; funds from QIP and liquidity kept to capitalize on potential purchases. - Funding Sources: Planned INR 350 crores via QIP; balance from internal accruals, liquidating investments, and possible debt. - Capex for new rigs, including 2,000-3,000 horsepower rigs, under evaluation based on market demand and financial capacity.

- Deep Industries Limited expects to achieve around INR 800 crores in revenue by FY '26, driven by full-year revenue from Dolphin's Barge, growth in existing business, and about 6 months revenue from production enhancement contracts. - The company is targeting over 30% year-on-year growth for the next 3 years based on the existing order book and anticipated new orders. - Organic growth is projected at approximately 18-19% year-on-year in traditional services. - Incremental production from production enhancement contracts is expected to contribute significant revenue from FY '27 onwards, potentially exceeding INR 100 crores. - The company is optimistic about securing new Production Enhancement Contracts (PECs) within a year, supporting further growth. - They anticipate consolidated growth of more than 30% based on current orders and upcoming opportunities.

- The company expects growth of more than 30% year-on-year in the next 3 years based on existing order book and anticipated new orders. - Organic growth is projected around 18-19% year-on-year in traditional services including natural gas and integrated projects. - Production enhancement contract is anticipated to contribute more than INR 100 crores revenue from FY '27 onwards. - EBITDA margins are expected to be maintained in the range of 45% to 47%. - The company is optimistic about the new production enhancement vertical becoming one of the largest growth drivers. - Revenue guidance for FY '26 is INR 800 crores, supported by full-year revenue from Dolphin's Barge and around six months' revenue from production enhancement. - The order book has grown 125% year-on-year to INR 2,701 crores, showing strong future revenue visibility.

- Current order book stands at INR 2,701 crores, reflecting a 125% year-on-year growth (Page 4). - The company has an active bidding pipeline of around INR 700 crores to INR 750 crores expected to convert in the next 3 to 6 months (Page 9). - Typical success rate on bids is about 50%, varying across different verticals (Page 11). - Anticipated production enhancement contracts (PECs) with expected orders coming out within a year as per company’s guesstimate; more activity expected from FY '26 onwards (Pages 6, 12). - Additional orders in offshore tender segments are being evaluated and bid for, including those related to JV with Euro Gas Systems, although no awards yet (Pages 8, 10). - Expansion in onshore drilling rigs planned depending on awards, with 3 rigs acquisition in progress and adding one more rig in the coming financial year (Pages 14-15).