Deep Industries Ltd
NSE:DEEPINDS
Deep Industries Ltd
Deep Industries Ltd. engages in oil and gas exploration services. The firm is specialized in providing air and gas compression services, drilling and workover services, gas dehydration services, and integrated project management services. The firm provides oil and gas field equipment and services under rental and chartered-hire basis. Its portfolio includes various machines / equipment / tools to be used in oil and gas industry from exploration & production services to the mid-stream services. The company provides coring, air drilling, workover and drilling rig services on charter hire basis or on dry lease basis. The company owns a fleet of more than 100 natural gas compressors ranging from 200 horse power (HP) to 1680 HP aggregating to over 100,000 HP.
Deep Industries Ltd. engages in oil and gas exploration services. The firm is specialized in providing air and gas compression services, drilling and workover services, gas dehydration services, and integrated project management services. The firm provides oil and gas field equipment and services under rental and chartered-hire basis. Its portfolio includes various machines / equipment / tools to be used in oil and gas industry from exploration & production services to the mid-stream services. The company provides coring, air drilling, workover and drilling rig services on charter hire basis or on dry lease basis. The company owns a fleet of more than 100 natural gas compressors ranging from 200 horse power (HP) to 1680 HP aggregating to over 100,000 HP.
Strong Growth: Deep Industries delivered robust results, with Q2 FY '26 revenue up 69.2% and PAT up 71.4% year-on-year.
Order Book: The order book stands at INR 3,050 crores, supporting strong revenue visibility for the next several quarters.
Production Enhancement: The Rajahmundry production enhancement contract is ramping up well, expected to contribute over INR 140 crores in annual revenue from next year with 50% EBITDA margins.
Margin Outlook: EBITDA margins remain healthy at 45-46%, with management expecting further improvement as higher-margin contracts scale up.
Guidance: Management projects at least 35% year-on-year revenue growth for both FY '26 and FY '27.
Asset Expansion: Several new rigs and offshore assets are being deployed, with additional vessel acquisitions planned.
Fundraising: The company is planning a QIP of over INR 300 crores to fund expansion and acquisitions.
Sector Tailwinds: Management highlighted strong government policy support and continued demand in India's oil and gas sector.
