Deep Industries Limited, incorporated in 1991, is a comprehensive oil and gas field services company specializing in Air & Gas Compression Services, Drilling and Workover Services, Gas Dehydration Services, and integrated project management services. The company has established itself as India's "One Stop Solution" provider to the energy sector, offering a full spectrum of services that cater to the entire oil and gas value chain.
Originally incorporated as a Private Limited Company under the name "Deep CH4 Limited" on November 15, 2006, the company underwent several name changes, ultimately becoming Deep Industries Limited on September 25, 2020. The company owns fuel-efficient, latest equipment to serve the oil and gas industry, positioning itself as a technologically advanced service provider in the sector.
Deep Industries holds a dominant position in the Indian oil and gas services sector, covering more than 70% of Post Exploration Services in the Oil & Gas Services Industry. Over the last 5 years, the company has maintained strong growth with revenue growing at a yearly rate of 7.75% compared to the industry average of 1.5%, and market share increasing from 12.47% to 14.96%.
The company operates in the business of oil and gas field services, specializing in Natural Gas Compression Services, Drilling and Workover Rigs Services, Natural Gas Dehydration Services, and has also forayed into Integrated Project Management Services. Additionally, the company has spread its wings through strategic tie-ups and acquisitions with oilfield services overseas.
As of recent data, Deep Industries has a market capitalization of Rs 2,936 crore, representing a significant increase of 58.8% over the past year. The market cap stood at Rs 2,931.20 crore as of July 3, 2025. The company has reported an operating revenue of Rs 576.13 crore on a trailing 12-month basis.
• Market Capitalization: ₹2,936 crore (as of July 3, 2025)
• Promoter Holding: 63.49% (as of March 2025)
• Operating Revenue (TTM): ₹576.13 crore
• Annual Revenue Growth: 32%
• Net Sales (March 2025 Quarter): Increased by 29.55% to ₹136.43 crore
• Net Profit (March 2025 Quarter): Increased by 15.55% to ₹37.44 crore
• EBITDA (March 2025 Quarter): Grew by 22.6%
• EPS (March 2025 Quarter): Increased to ₹5.85
• PE Ratio: 23.36 (as of July 3, 2025)
• PB Ratio: 0.63 (as of July 3, 2025)
• Dividend Yield: 0.53%
• Book Value: ₹284
• ROCE: 11.7%
• ROE: 8.20%
• Debt to Equity Ratio: 6%
The company operates in the business of oil and gas field services, specializing in Natural Gas Compression Services, Drilling and Workover Rigs Services, Natural Gas Dehydration Services, and Integrated Project Management Services. Deep Industries has also expanded through strategic tie-ups and acquisitions with oilfield services overseas.
Deep Industries was recently awarded a significant contract worth Rs 45.33 crore for a 3-year Mobile Workover Rig project by Oil India Limited, to be executed over three years. The board approved the amalgamation of Kandla Energy & Chemicals Limited (KECL) into Deep Industries for operational synergies and cost efficiencies on June 30, 2025.
While the company has demonstrated strong growth, it has also faced challenges. Net profit fell -679.1% to Rs -209.17 crore in Q4 2024-2025, and overall profit showed -Rs 78.8 crore, due to one-time exceptional losses. The company also faces high debtors of 373 days and an aging fleet.
Despite these challenges, management remains optimistic about future revenue, projecting a conservative increase of 25% to 30% for FY 2026, supported by a robust order book of approximately Rs 2,960 crores. Operational enhancements through production contracts and investments in new technologies are expected to improve margins and cash flow.
Deep Industries is poised for significant growth in the evolving Indian oil and gas sector, driven by strategic acquisitions and government initiatives aimed at enhancing domestic production. The company's focus on operational efficiency and strategic resource allocation will be crucial for sustaining growth and profitability as it continues to leverage its dominant market position in India's oil and gas services sector.
