Is Deep Industries a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Deep Industries Ltd is a below average quality company .

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The key valuation ratios of Deep Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Deep Industries share price return in the past 10 years?

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Is Deep Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Deep Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Deep Industries Ltd - Stock Valuation and Financial Performance

Name: Deep Industries
Brand: Deep Industries

BSE: 543288 | NSE: DEEPINDS | Oil Exploration | Small Cap

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Deep Industries Share Price

₹297.45 -5.40 -1.78%
as on 19-Apr'24 16:01

10 Year X-Ray of Deep Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	0.8%	0.4%	2.7%	6.5%	6.2%	6.6%	-
Value Creation Index ⓘ	-0.9	-1.0	-0.8	-0.5	-0.6	-0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	300	259	251	178	272	301	364
Sales YoY Gr.	-	-13.8%	-3.1%	-28.9%	52.2%	10.9%	-
Adj EPS ⓘ	0	0	0	9.6	10.2	5.8	14.9
YoY Gr.	-	NA	NA	NA	5.6%	-43.4%	-
BVPS (₹) ⓘ	0	0	0	160.4	170.6	90.9	193.1
Adj Net Profit ⓘ	1.5	-3.8	20.9	61.7	65.2	73.7	95
Cash Flow from Ops. ⓘ	116	78.2	35	76	70	78.4	-
Debt/CF from Ops. ⓘ	2	1.3	2.4	0.5	0.4	0.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	0.1%	6.2%	10.9%
Adj EPS ⓘ	NA	NA	NA	-43.4%
BVPSⓘ	NA	NA	NA	-46.7%
Share Price	-	-	-	100%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	0.2	-0.4	2.2	6.2	6.2	6.5	10.5
Op. Profit Mgn % ⓘ	54	52.2	46.4	44	39.1	38.6	39.8
Net Profit Mgn % ⓘ	0.5	-1.5	8.3	34.6	24	24.5	26.1
Debt to Equity ⓘ	318.1	-12.4	24.8	0	0	0.1	-
Working Cap Days ⓘ	0	203	287	448	321	362	219
Cash Conv. Cycle ⓘ	0	120	163	243	126	91	148

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.50%

Sales growth is good in last 4 quarters at 29.45%

Sales growth has been subdued in last 3 years 6.24%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Deep Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	14.9	25
TTM Sales (₹ Cr.)	364	411
BVPS (₹.) ⓘ	193.1	227.5
Reserves (₹ Cr.) ⓘ	1,204	1,424
P/BV ⓘ	1.57	1.33
PE ⓘ	20.36	12.11

From the Market
52 Week Low / High (₹)	147.00 / 331.20
All Time Low / High (₹)	17.50 / 331.20
Market Cap (₹ Cr.)	1,938
Equity (₹ Cr.)	32
Face Value (₹)	5
Industry PE ⓘ	11.9

Management X-Ray of Deep Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Deep Industries

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Deep Industries

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	300	259	251	178	272	301
Operating Expenses ⓘ	140	124	140	100	167	186
Manufacturing Costs	99	80	112	66	123	140
Material Costs	0	1	-11	0	0	0
Employee Cost	22	20	21	21	22	26
Other Costs ⓘ	19	24	19	13	22	20
Operating Profit ⓘ	161	135	112	78	105	115
Operating Profit Margin (%)	53.6%	52.0%	44.4%	43.7%	38.5%	38.3%
Other Income ⓘ	5	2	3	7	10	20
Interest ⓘ	12	12	11	9	4	4
Depreciation ⓘ	103	98	90	87	23	27
Exceptional Items ⓘ	0	0	0	0	0	0
Profit Before Tax ⓘ	51	27	14	-12	87	105
Tax ⓘ	50	31	-3	-75	18	26
Profit After Tax	1	-4	17	63	69	78
PAT Margin (%)	0.2%	-1.4%	6.9%	35.4%	25.5%	26.0%
Adjusted EPS (₹)	0.0	0.0	0.0	9.9	10.8	6.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	15%	15%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	1	-8	3	1,027	1,091	1,164
Share Capital ⓘ	0	0	0	32	32	32
Reserves ⓘ	1	-8	3	995	1,059	1,132
Minority Interest	0	0	0	0	0	0
Debt	157	63	62	9	18	63
Long Term Debt	144	39	56	8	9	51
Short Term Debt	14	23	5	1	9	13
Trade Payables	18	22	35	27	36	53
Others Liabilities ⓘ	1,134	1,122	1,101	69	67	78
Total Liabilities ⓘ	1,310	1,199	1,200	1,132	1,212	1,358
Fixed Assets
Gross Block	1,298	1,286	1,320	1,325	1,345	1,458
Accumulated Depreciation	213	306	393	480	502	529
Net Fixed Assetsⓘ	1,085	980	927	846	842	929
CWIP ⓘ	1	4	3	1	4	19
Investmentsⓘ	64	11	9	30	75	44
Inventories	11	10	21	30	22	38
Trade Receivables	85	117	141	107	127	100
Cash Equivalents	42	34	37	41	28	31
Others Assetsⓘ	21	44	62	77	114	197
Total Assets ⓘ	1,310	1,199	1,200	1,132	1,212	1,358

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	116	78	35	76	70	78
PBT ⓘ	51	27	14	-12	87	105
Adjustment ⓘ	115	108	102	90	19	17
Changes in Working Capital ⓘ	-50	-47	-73	1	-31	-48
Tax Paid ⓘ	0	-9	-8	-4	-6	5
Cash Flow From Investing Activity ⓘ	-1,267	78	-43	-11	-53	-103
Capex	-1,189	7	-41	-3	-19	-113
Net Investments	-77	67	-5	-11	-37	-1
Others ⓘ	-1	4	3	3	2	11
Cash Flow From Financing Activityⓘ	1,179	-165	4	-54	-24	27
Net Proceeds from Shares ⓘ	960	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0
Interest Paid ⓘ	-12	-12	-11	-9	-4	-4
Dividend Paid ⓘ	0	-6	-6	0	-4	-6
Others ⓘ	231	-148	21	-44	-15	37
Net Cash Flow ⓘ	28	-9	-4	12	-7	2

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	93.67	N/A	0	12.27	6.55	6.94
ROCE (%)	5.26	N/A	2.39	-0.24	8.39	9.29
Asset Turnover Ratio	0.23	0.21	0.21	0.15	0.23	0.23
PAT to CFO Conversion(x)	116	N/A	2.06	1.21	1.01	1
Working Capital Days
Receivable Days	103	142	187	254	158	138
Inventory Days	13	15	23	53	35	36
Payable Days	0	6,618	-915	0	0	0

Deep Industries Ltd Stock News

Deep Industries Ltd FAQs

What is the share price of Deep Industries?

Company share prices are keep on changing according to the market conditions. The closing price of Deep Industries on 19-Apr-2024 16:01 is ₹297.4.

What is the market cap of Deep Industries?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Apr-2024 16:01 the market cap of Deep Industries stood at ₹1,938.2.

What is the P/E ratio of Deep Industries?

The latest P/E ratio of Deep Industries as of 19-Apr-2024 16:01 is 20.36.

What is the P/B ratio of Deep Industries?

The latest P/B ratio of Deep Industries as of 19-Apr-2024 16:01 is 1.57.

What is the 52-week high and low of Deep Industries?

The 52-week high of Deep Industries is ₹331.2 and the 52-week low is ₹147.0.

What is the TTM revenue of Deep Industries?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Deep Industries is ₹364.4 ( Cr.) .

About Deep Industries Ltd

Deep Industries leading solution provider to the energy sector catering to growing global energy needs and by focusing on people, environment and innovative technology. The company has grown up to be a ‘One Stop Solution’ provider for every need in oil and gas field operations by providing various equipment and services under rental and chartered-hire basis. The company is certified according to Quality and Safety standard cods through Bureau Veritas & ISO Certifications i.e. ISO 9001:2015, ISO: 14001:2015 & ISO 45001:2018.

Business area of the company

The company is leading solution provider in energy sector. The company is specialized in providing Air & Gas Compression Services, Drilling and Workover Services, Gas Dehydration Services, and also having expertise in Integrated Project Management Services. Its comprehensive portfolio includes various Machines / equipment / tools to be used Oil and Gas Industry from Exploration & Production Services to the Mid-Stream Services.

Products and services

Drilling and Workover Services
Integrated Project Management Services
Air and Gas Compression Services
Gas Dehydration, Conditioning and Processing

Milestone:

1991: Deep Industries Limited a total solution provider in oil and gas field
1994: Awarded with the first air compression contract, and became first company in India to provide high pressure air compressor on charter hire basis.
1997: Awarded with the first natural gas compression contract, and became first company in India to provide natural gas compressors on charter hire basis.
2001: Built important alliances and the company joined hands with well-known and reputed company Valerus Compression Services and Hanover Asia Inc, to boost up and expand the compression business.
2005: Achieved ISO 9001:2000 certification and registered with IADC to set up the benchmark for Indian companies in Oil & Gas Industry. Started the workover rig business and purchased 1 no of 100MT mobile rig.
2006: Launched initial public offering and got listed on Indian stock exchanges.
2007: Commissioned first ever rig contract under ONGC. Awarded service contract for the development of three Marginal Field Gas blocks by ONGC in the ‘Marginal Field Monetization Program’.
2010: Achieved ISO 14001 & BS OHSAS 18001 and got equipped with well defined quality, health, safety and environmental policy as per International and Industrial safety norms. Started drilling rig business.
2015: Became first company in India to get awarded with Gas Dehydration Plant on hiring basis in the ONGC Rajahmundry. Awarded with 2 Nos. of 1000 HP Drilling Rig Contract by ONGC for its Tripura & Ahmedabad Asset.
2016: Commissioned 2 X1000HP Drilling Rig Contract. Initiated execution of integrated project management business.
2018: Formation of subsidiary company namely Deep International DMCC, to carter the needs of oil and gas industry in foreign countries.
2019: Started focusing and seeking the prospective to diversify the business with mud logging and mud engineering services.
2020: The company has segregated the two business segments (i) Oil and Gas Filed Services and (ii) Oil and Gas Exploration and Production in two listed entities as per approved Scheme of Arrangement in the nature of demerger by NCLT, Ahmedabad.
2020: Received approval of Kuwait Oil Company, Kuwait as ‘Approved Contractor’ of KOC.