DEEPINDS

Deep Industries share price & financials

Price
₹487.05
Market cap
₹4.6k Cr
Sector
Oil, Gas & Consumable Fuels
Calls analysed
7
Latest concall · Q1 FY27 · call held 29 Jul 2026

Deep Industries Limited Q1 FY27

Revenue ₹278.92 cr +40%EBITDA ₹131.8 cr +39%EBITDA Margin 43.6% Net Profit ₹89.14 cr +45%

What went well

  • Revenue of INR278.92 crores, up 40% YoY, demonstrating strong top-line growth.
  • EBITDA margin maintained at 43.6%, within the 43-45% range, indicating robust operational efficiency.
  • Net profit increased by 44.5% YoY to INR89.14 crores, reflecting healthy bottom-line performance.

What to watch

  • Incremental production from the PEC contract was delayed by 5-6 months due to an unfortunate incident at Mori 5 well.
  • Kandla manufacturing facilities require INR10-15 crores for repair and modification before full contribution to operating margins.
Read the full call →

What Deep Industries Limited does

Deep Industries provides oilfield support services across the post-exploration value chain for oil and gas producers such as ONGC, covering natural gas compression, dehydration and charter-hire of entire gas-processing facilities, drilling and workover rig services under Integrated Project Management (cementing, geophysical logging, hydro-fracturing and coiled tubing), and production-enhancement contracts for mature fields. It earns primarily through long-term charter-hire and service contracts rather than owning hydrocarbon reserves itself. Through its 75%-owned subsidiary Dolphin Offshore Enterprises (India) Limited, acquired via the IBC route in January 2023, it also provides offshore support services including accommodation barges and platform support vessels. It further acquired Kandla Energy and Chemicals Limited in March 2025 (merger effective March 2026) for backward integration into in-house chemical and hydrocarbon fluid sourcing.

Segments

  • Natural Gas (Compression, Dehydration & Charter Hire)
  • Integrated Project Management Services (IPMS)
  • Production Enhancement
  • Offshore Services
Onshore rig fleet
20 rigs (6 drilling rigs of 1000 HP + 14 workover rigs, capacity 30T-150T)
Gas processing units operated
more than 80
Gas compressors owned
more than 80
Market position
India's only integrated onshore and offshore oil & gas service provider
Years in operation
more than 30 years
Value-chain coverage
~70% of the post-exploration oil & gas value chain
Founded 1991Headquarters Ahmedabad, Gujarat, India Company website

Guidance record · Q1 FY27

what the last two calls moved 18 tracked 1 delivered 3 missed 14 open
  • Dolphin Offshore Revenue delivered said Q4 FY25 Promised: FY26, we are expecting revenue of almost INR 100 crores, for sure. Q1 FY27: Promise completed and achieved in FY26. No new updates.
  • PEC Contract Revenue missed said Q3 FY25 Promised: Anticipating revenue of around 6 months or so out of this PEC in FY26. Q1 FY27: FY26 target was missed. Management now expects incremental production to start by October 2026 (Q3 FY27).
  • Capital Raising (QIP) revised down said Q3 FY25 Promised: Planning to raise around INR 350 crores through equity. Q1 FY27: Decision to not proceed with QIP re-confirmed. Company is net debt-free and can use debt for capex if needed.

All 18 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 39.5%, net profit up 43.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue131 155 167 200 221 +69%222 +43%249 +49%279 +40%
EBITDA57 67 57 82 92 +61%100 +49%82 +44%108 +32%
Net profit42 48 -207 62 71 +69%71 +48%-7 +97%89 +44%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +44.6% 1Y

₹300₹400₹500₹600₹700₹800Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 10 Nov 2025Q3 FY26 — 6 Feb 2026Q4 FY26 — 15 May 2026Q1 FY27 — 29 Jul 2026

1Y: ₹535.6 on 10 Sept 2025 → ₹774.4. High ₹818.7 (8 Sept 2026), low ₹331.55 (13 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+7.1%
29 Jul
Q4 FY26
−2.8%
15 May
Q3 FY26
−2.6%
6 Feb
Q2 FY26
−2.8%
10 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 37.7% a year over 3 years, FY23 to FY26. Operating margin widened to 39.9%.

Year endingFY23FY24FY25FY26
Revenue₹341 Cr₹427 Cr₹576 Cr₹892 Cr
Operating profit₹131 Cr₹160 Cr₹232 Cr₹356 Cr
Operating margin38.4%37.5%40.3%39.9%
Interest₹5 Cr₹9 Cr₹12 Cr₹18 Cr
Depreciation₹29 Cr₹34 Cr₹41 Cr₹60 Cr
Net profit₹134 Cr₹126 Cr₹-78 Cr₹197 Cr
Net margin39.3%29.5%-13.5%22.1%
Cash from operations₹88 Cr₹255 Cr₹210 Cr₹270 Cr
Free cash flow₹-25 Cr₹44 Cr₹1 Cr₹53 Cr
ROCE8.0%10.0%12.0%16.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹32 Cr₹32 Cr₹32 Cr₹32 Cr₹32 Cr₹32 Cr
Reserves₹1.0k Cr₹1.1k Cr₹1.3k Cr₹1.4k Cr₹1.9k Cr₹2.0k Cr
Borrowings₹41 Cr₹32 Cr₹70 Cr₹160 Cr₹205 Cr₹203 Cr
Other liabilities₹70 Cr₹99 Cr₹147 Cr₹303 Cr₹406 Cr₹374 Cr
Total liabilities₹1.2k Cr₹1.3k Cr₹1.6k Cr₹1.9k Cr₹2.5k Cr₹2.6k Cr
Fixed assets₹868 Cr₹868 Cr₹1.0k Cr₹979 Cr₹1.4k Cr₹1.5k Cr
Capital work in progress₹1 Cr₹5 Cr₹20 Cr₹220 Cr₹24 Cr₹56 Cr
Investments₹29 Cr₹73 Cr₹48 Cr₹142 Cr₹134 Cr₹142 Cr
Other assets₹276 Cr₹314 Cr₹512 Cr₹566 Cr₹959 Cr₹906 Cr
Total assets₹1.2k Cr₹1.3k Cr₹1.6k Cr₹1.9k Cr₹2.5k Cr₹2.6k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +0.38 pp while the public trimmed −0.35 pp. The shareholder count shrank 5% to 37,020.

Promoters
63.5%
FIIs
1.5%
DIIs
1.5%
Public
33.5%

Since Jun 2025

  • DIIs +0.38 pp
  • Public −0.35 pp
  • FIIs −0.03 pp

How it drifted, 12 quarters

Over this window DIIs went from 0.0% to 1.5% — +1.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 63.5%, FIIs 2.2%, Public 34.3%.Dec '23: Promoters 63.5%, FIIs 2.0%, Public 34.5%.Mar '24: Promoters 63.5%, FIIs 1.8%, Public 34.7%.Jun '24: Promoters 63.5%, FIIs 2.1%, Public 34.4%.Sep '24: Promoters 63.5%, FIIs 2.1%, Public 34.4%.Dec '24: Promoters 63.5%, FIIs 2.0%, DIIs 1.0%, Public 33.5%.Mar '25: Promoters 63.5%, FIIs 2.2%, DIIs 1.2%, Public 33.2%.Jun '25: Promoters 63.5%, FIIs 1.5%, DIIs 1.1%, Public 33.9%.Sep '25: Promoters 63.5%, FIIs 2.1%, DIIs 1.1%, Public 33.3%.Dec '25: Promoters 63.5%, FIIs 1.7%, DIIs 1.1%, Public 33.7%.Mar '26: Promoters 63.5%, FIIs 1.8%, DIIs 1.1%, Public 33.6%.Jun '26: Promoters 63.5%, FIIs 1.5%, DIIs 1.5%, Public 33.5%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Deep Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Rupesh Kantilal Savla 31.49%+31.49 pp
Manoj Shantilal Savla 12.70%+12.70 pp
Dharen Shantilal Savla 6.43%unchanged
Priti Paras Savla 6.43%unchanged
Mita Manoj Savla 4.16%unchanged
Monit Exim Llp 3.71%unchanged
Shail M Savla 2.27%unchanged
Mavira Growth Opportunities Fund AIF1.19%+0.16 pp
Parasbhai Shantilal Savla 0.00%unchanged
Prabhaben Shantilal Savla 0.00%unchanged
Shantilal Murjibhai Savla 0.00%unchanged
Aarav Rupesh Savla 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Deep Industries Limited

Guides on how to read this kind of business and the numbers that matter.