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Swing Capital

Deep Industries Ltd

NSE: DEEPINDS BSE: 543288

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]

₹452
52W: ₹327 — ₹578
PE 9.44 · Book ₹260 · +74% vs book
Market Cap₹2,890 Cr
Stock P/E9.44Price to Earnings
ROCE16%Return on Capital
ROE20.2%Return on Equity
Div. Yield0.69%Face Value ₹5

Strengths

  • +Company is expected to give good quarter
  • +Company has delivered good profit growth of 38.4% CAGR over last 5 years
  • +Company's working capital requirements have reduced from 112 days to 82.1 days

Weaknesses

  • −Tax rate seems low
  • −Company has a low return on equity of 13.2% over last 3 years.

Shareholding Pattern

Promoters63.49%
FIIs1.81%
DIIs1.13%
Public33.57%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters63.49%63.49%63.49%63.49%63.49%63.49%63.49%63.49%
FIIs2.11%2.08%▼0.01.99%▼0.12.17%▲0.21.5%▼0.72.08%▲0.61.71%▼0.41.81%▲0.1
DIIs0%0%1.03%▲1.01.17%▲0.11.15%▼0.01.15%1.1%▼0.01.13%▲0.0
Public34.4%34.43%▲0.033.48%▼1.033.17%▼0.333.85%▲0.733.26%▼0.633.71%▲0.533.57%▼0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales96105112109120136173179179172
Expenses596667656986109113110107
Operating Profit37404544515063677064
OPM %39%38%40%40%43%37%37%37%39%37%
Net Profit2432303033-208475051-50
EPS ₹3.795.064.754.655.11-32.557.317.857.91-7.8

AI Insights

Revenue Trend

Mar 2026 revenue at ₹703Cr, up 47.4% YoY. OPM at 38%.

Debt Position

Borrowings at ₹196Cr. Debt-to-equity ratio: 0.12x. Healthy balance sheet.

Capex Cycle

CWIP at ₹44Cr (4% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 1.13% (+1.13pp change). FIIs: 1.81% (+0.62pp change). Promoters hold 63.49%.

Margin & Efficiency

ROCE improving from 0% (Mar 2018) to 16% (Mar 2026). Working capital days: 82.

Valuation

PE 9.44x with 16% ROCE. Price is 74% above book value of ₹260. Dividend yield: 0.69%.

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