Company Overview

Deep Industries Limited (Scrip Code: 543288, NSE Symbol: DEEPINDS) submitted an Investors/Analysts Presentation dated November 03, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, covering unaudited financial results for Q2 and H1 FY27 ended September 30, 2026.

Financial Performance - Q2 FY27

  • Consolidated Revenue: ₹295.43 Cr, up 33.7% YoY from ₹221.01 Cr in Q2 FY26
  • Other Income: ₹17.60 Cr, down 17.2% YoY from ₹21.26 Cr
  • Total Income: ₹313.03 Cr, up 29.2% YoY from ₹242.27 Cr
  • Operating Expenses: ₹189.03 Cr, up 46.1% YoY from ₹129.41 Cr
  • EBITDA: ₹124.00 Cr, up 9.9% YoY from ₹112.86 Cr
  • EBITDA Margin: 39.6% vs 46.6% in Q2 FY26
  • Depreciation: ₹16.31 Cr, up 9.5% YoY from ₹14.90 Cr
  • Finance Cost: ₹4.04 Cr, down 37.9% YoY from ₹6.51 Cr
  • Profit Before Tax: ₹103.65 Cr, up 13.3% YoY from ₹91.45 Cr
  • Tax: ₹22.43 Cr, up 10.9% YoY from ₹20.23 Cr
  • Profit After Tax: ₹81.22 Cr, up 14.0% YoY from ₹71.23 Cr
  • PAT Margin: 25.9% vs 29.4% in Q2 FY26
  • Basic & Diluted EPS: ₹11.95, up 13.5% YoY from ₹10.53

Financial Performance - H1 FY27

  • Consolidated Revenue: ₹574.34 Cr, up 36.6% YoY from ₹420.51 Cr
  • Other Income: ₹41.28 Cr, up 19.0% YoY from ₹34.69 Cr
  • Total Income: ₹615.62 Cr, up 35.2% YoY from ₹455.20 Cr
  • Operating Expenses: ₹359.80 Cr, up 45.5% YoY from ₹247.32 Cr
  • EBITDA: ₹255.83 Cr, up 23.1% YoY from ₹207.88 Cr
  • EBITDA Margin: 41.6% vs 45.7% in H1 FY26
  • Depreciation: ₹32.19 Cr, up 15.2% YoY from ₹27.94 Cr
  • Finance Cost: ₹8.35 Cr, down 21.5% YoY from ₹10.64 Cr
  • Profit Before Tax: ₹215.30 Cr, up 27.2% YoY from ₹169.31 Cr
  • Tax: ₹44.93 Cr, up 23.5% YoY from ₹36.38 Cr
  • Profit After Tax: ₹170.37 Cr, up 28.2% YoY from ₹132.93 Cr
  • PAT Margin: 27.7% vs 29.2% in H1 FY26
  • Basic & Diluted EPS: ₹25.29, up 28.2% YoY from ₹19.72

Balance Sheet Position (Consolidated)

  • Total Assets: ₹2,843.94 Cr as of September 30, 2026 (vs ₹2,594.99 Cr as of March 31, 2026)
  • Non-Current Assets: ₹1,726.00 Cr
  • Current Assets: ₹1,117.94 Cr
  • Equity: ₹2,148.76 Cr
  • Non-Controlling Interest: ₹121.65 Cr
  • Non-Current Liabilities: ₹181.54 Cr
  • Current Liabilities: ₹391.99 Cr
  • Total Debt: ₹232.94 Cr as of September 30, 2026
  • Debt to Equity: 0.13x in H1 FY27

Order Book Position

  • Opening Order Book (July 1, 2026): ~₹3,047 Cr
  • Additions during Q2: ₹337 Cr
  • Executed during Q2: ₹295 Cr
  • Closing Running Order Book (September 30, 2026): ~₹3,089 Cr
  • Bidding Pipeline: ₹700-800 Cr range

Business Segments and Operations

Deep Industries operates as India's only integrated onshore and offshore oil & gas service provider with four main business verticals:

Natural Gas Services

  • Charter hire of entire natural gas processing facilities (Project Jaya, Bokaro, Kakinada for ONGC)
  • Owns ~80 gas compressors for artificial gas lift, enhanced oil recovery, gas transportation, and power generation
  • Provides gas dehydration services on charter hire basis

Integrated Project Management Services (IPMS)

  • Operates 14 workover rigs (30T to 150T capacity) and 6 drilling rigs (1000Hp capacity)
  • Offers turnkey solutions including surface hole drilling, air drilling, cementing, geophysical logging, hydro fracturing, and well completion services

Production Enhancement Contract

  • Secured ₹1,402 Cr contract from ONGC for 15 years
  • Comprehensive services to boost production from mature ONGC fields
  • Incremental production to begin contributing from Q3 FY27
  • Planned capex of ~₹150 Cr over next 12 months

Offshore Services

  • Through 75% stake in Dolphin Offshore (acquired January 2023 via IBC)
  • Prabha-DP2 dynamically positioned barge commenced revenue generation
  • Services for offshore oil & gas, renewable energy, communication, and transmission industries

Business Outlook and Guidance

  • FY27 Revenue Growth Guidance: 30-35% based on existing order book of ~₹3,089 Cr
  • FY28 Revenue Growth Guidance: 30-35% over FY27 based on existing order book and bidding pipeline
  • FY27 PAT Guidance: ₹350-370 Cr
  • FY28 PAT Guidance: ₹470-500 Cr
  • Company positioned to benefit from India's reduced import dependence and USD 500 billion energy infrastructure opportunity by 2030
  • Exploring opportunities in higher capacity drilling rigs under IPMS

Corporate Structure and Leadership

  • Promoter Holding: 63.49%
  • Public Shareholding: 36.51%
  • Key Management: Mr. Paras Savla (Chairman & MD), Mr. Rupesh Savla (MD), Mr. Rohan Shah (CFO & Whole Time Director Finance)
  • Founded in 1991, listed on Indian stock exchanges