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.
Revenue Growth: Deep Industries posted Q3 FY26 revenue of INR 221.5 crores, up 43.1% year-on-year, and 9M FY26 revenue of INR 642 crores, up 57% YoY.
Profitability: Q3 net profit rose 49.8% YoY to INR 71.3 crores; EBITDA margin remained strong at 47.6%.
Order Book: Order book stands robust at INR 2,967 crores, providing strong revenue visibility.
Production Enhancement: PEC project contributed INR 20 crores in Q3 revenue, expected to ramp up to INR 150 crores annually by FY27–28, though recent site incident may delay ramp-up by 2–3 months.
Growth Guidance: Management reiterated confidence in sustaining 30–35% annual revenue growth, targeting revenue of approximately INR 1,150 crores for FY27.
QIP Status: The previously planned Qualified Institutional Placement (QIP) has been paused; growth and capex to be funded via internal accruals and debt.
Incident Update: A gas leak incident at a PEC site was contained within 5 days; partial rig damage is insured and not expected to have major financial impact.
Segment Drivers: Revenue growth was primarily volume-driven across all segments, including new contributions from offshore services and production enhancement.
