Company Overview

Deep Industries Limited (Scrip Code: 543288, Symbol: DEEPINDS) submitted its corporate presentation to BSE and NSE on August 31, 2026, pursuant to Regulation 30 of SEBI LODR Regulations. The company is India's only integrated onshore and offshore oil & gas service provider with over three decades of operating history.

Corporate History and Structure

The company commenced business in 1991 and was originally involved in both E&P and oil & gas support services. Through an NCLT-approved Scheme of Arrangement (appointed date April 1, 2017; effective June 2020), the services business was separated into Deep Industries Limited, which was renamed in September 2020 and listed separately in April 2021. In January 2023, Deep acquired a 75% stake in Dolphin Offshore (Enterprises) India Limited through the IBC route.

Business Verticals

The company operates across seven service verticals: 1) Charter hire of gas processing facilities, 2) Natural gas compression (owns over 80 compressors), 3) Natural gas dehydration, 4) Integrated Project Management Services (IPMS), 5) Workover & drilling rig services, 6) Production enhancement contracts, and 7) Offshore services through Dolphin Offshore.

Key Contracts and Projects

  • Production Enhancement Contract with ONGC valued at ₹1,402 crore for 15 years to boost production from a mature field
  • Project Jaya: Delivered entire surface facility and produced-fluid processing network on charter-hire basis
  • Two additional similar facilities provided to ONGC at Bokaro and Kakinada
  • Dolphin Offshore's DP2 barge "Prabha-DP2" has commenced revenue generation

Financial Performance

Q1 FY27 Performance (Consolidated)

  • Opening order book (April 1, 2026): ₹3,007 crore
  • Order additions (Q1 FY27): ₹319 crore
  • Order executed (Q1 FY27): ₹279 crore
  • Closing order book (June 30, 2026): ₹3,047 crore
  • Revenue growth: +39.8% YoY
  • EBITDA growth: +44.5% YoY
  • PAT growth: +45.2% YoY
  • Cash PAT growth: +45.2% YoY

FY26 Financial Results (Consolidated)

  • Revenue: ₹890.71 crore (up from ₹576.13 crore in FY25, +55%)
  • EBITDA: ₹424.82 crore (up from ₹263.79 crore in FY25, +61%)
  • EBITDA Margin: 44.24% (89 bps improvement from 43.35%)
  • PBT: ₹347.95 crore (up from ₹210.78 crore in FY25, +65%)
  • Cash Profit: ₹442.12 crore (up from ₹218.53 crore in FY25, +102%)
  • PAT: ₹197.06 crore (compared to ₹(78.76) crore loss in FY25)
  • Basic & Diluted EPS: ₹28.12 (compared to ₹(14.08) in FY25)

Balance Sheet (Consolidated, as of March 31, 2026)

  • Total Assets: ₹2,595 crore
  • Equity: ₹1,999 crore
  • Non-Current Liabilities: ₹170 crore
  • Current Liabilities: ₹313 crore
  • Non-Controlling Interest: ₹113 crore

Key Ratios (FY26)

  • ROE: 21.86% (vs 12.01% in FY25)
  • ROCE: 19.27% (vs 13.06% in FY25)
  • EV/EBITDA: 6.93x (vs 12.87x in FY25)
  • Debt/EBITDA: 0.48x (vs 0.78x in FY25)
  • Receivable Days: 131 days (vs 275 days in FY25)
  • Debt/Equity: 0.13

Growth Opportunities

Government Schemes

  • Samudra Manthan: ₹84,084 crore outlay approved by Union Cabinet (August 2026) for offshore exploration through FY31, targeting 600+ MMTOE reserve accretion
  • GOBARdhan: ₹23,731 crore outlay (FY27-FY36) to increase CBG production to ~4,000 TPD by FY29 with mandatory blending

Strategic Initiatives

  • Exploring entry into higher-capacity drilling rigs under IPMS
  • Dolphin Offshore pursuing long-term charter orders in international locations
  • Positioning as critical energy infrastructure company with defense-grade strategic importance

Leadership and Governance

  • Chairman & Managing Director: Paras Savla (Founder)
  • Managing Director: Rupesh Savla (30+ years experience)
  • Whole-time Director (Finance) & CFO: Rohan Vasantkumar Shah (Chartered Accountant, 20+ years experience)
  • Board comprises executive and non-executive directors compliant with SEBI regulations

Corporate Social Responsibility

  • Blended Interactive Learning initiative for primary education in Gujarat
  • Smart Class technology with sLate (schoolsLENS Advanced Technology for Education)
  • K-Class initiative including K-Yan community projector, interactive content, and teacher capacity building

Disclaimer

The presentation contains forward-looking statements subject to risks and uncertainties. References to government schemes represent potential opportunities, not confirmed contracts or awards.