Is Deep Energy Resources a good quality company?

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

Is Deep Energy Resources undervalued or overvalued?

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

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

Deep Energy Resources Ltd share price has appreciated 15% annually (CAGR) over the past ten years.

Is Deep Energy Resources a good buy now?

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

What is the P/E ratio of Deep Energy Resources?

The latest standalone P/E ratio of Deep Energy Resources as of 19-Apr-2024 is 661.27.

What is the P/B ratio of Deep Energy Resources?

The latest standalone P/B ratio of Deep Energy Resources as of 19-Apr-2024 is 1.56.

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

The 52-week high of Deep Energy Resources is Rs. 238.75 and the 52-week low is Rs. 105.10.

Deep Energy Resources Ltd - Stock Valuation and Financial Performance

Name: Deep Energy Resources
Brand: Deep Energy Resources

BSE: 532760 | NSE: DEEPENR | Oil Exploration | Small Cap

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Deep Energy Res. Share Price

₹192.50 8.55 4.65%
as on 19-Apr'24 16:01

10 Year X-Ray of Deep Energy Res.:

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'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	9.1%	8.9%	12.7%	14.7%	12.4%	-0%	0.1%	0%	0%	0.7%	-
Value Creation Index ⓘ	-0.4	-0.4	-0.1	0.1	-0.1	-1.0	-1.0	-1.0	-1.0	-1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	90.8	101	169	277	300	0	0	0.8	0.4	14.9	5
Sales YoY Gr.	-	11.6%	67%	64.1%	8.3%	-100%	NA	NA	-44.9%	3,365.1%	-
Adj EPS ⓘ	7.5	7.2	24.1	22.1	23.6	-0	0.1	0	0	0.9	0.3
YoY Gr.	-	-3.6%	236.2%	-8.6%	6.9%	-100%	NA	-92.9%	0%	8600%	-
BVPS (₹) ⓘ	70.3	75.2	134.7	120.7	142.3	119.1	119.2	119.3	119.3	120.1	120.4
Adj Net Profit ⓘ	19.6	21	43.3	70.6	75.5	0	0.4	0	0	2.8	1
Cash Flow from Ops. ⓘ	39	42.7	70.2	112	136	-1	0	0	0.1	0	-
Debt/CF from Ops. ⓘ	2.9	2.7	3.8	2.4	1.7	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-18.2%	-45.2%	NA	3365.1%
Adj EPS ⓘ	-21.2%	-48.3%	83.9%	8600%
BVPSⓘ	6.1%	-3.3%	0.3%	0.7%
Share Price	15%	6.7%	78.5%	62.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	10.7	10.1	18.3	22.1	17.9	-0	0.1	0	0	0.7	0.2
Op. Profit Mgn % ⓘ	57.8	54.3	58.9	56.2	54	0	0	10	24.2	13.6	-1.6
Net Profit Mgn % ⓘ	21.6	20.7	25.6	25.5	25.1	0	0	5	7.4	18.8	19.9
Debt to Equity ⓘ	0.6	0.5	1.1	0.7	0.5	0	0	0	0	0	-
Working Cap Days ⓘ	194	189	178	139	128	0	0	636	1,201	457	175
Cash Conv. Cycle ⓘ	79	95	101	79	74	0	0	36	89	-10	165

Recent Performance Summary

Sales growth is good in last 4 quarters at 765.39%

Return on Equity has declined versus last 3 years average to 0.20%

Sales growth has been subdued in last 3 years 0.00%

Latest Financials - Deep Energy Resources Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.3	0
TTM Sales (₹ Cr.)	4.5	22.2
BVPS (₹.) ⓘ	120.4	124.6
Reserves (₹ Cr.) ⓘ	353	367
P/BV ⓘ	1.56	1.51
PE ⓘ	661.27	0.00

From the Market
52 Week Low / High (₹)	105.10 / 238.75
All Time Low / High (₹)	21.90 / 343.70
Market Cap (₹ Cr.)	602
Equity (₹ Cr.)	32
Face Value (₹)	10
Industry PE ⓘ	12

Management X-Ray of Deep Energy Res.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Deep Energy Res.

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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 Energy Res.

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'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	91	101	169	277	300	0	0	1	0	15
Operating Expenses ⓘ	38	46	73	122	140	0	0	1	0	13
Manufacturing Costs	24	26	42	88	101	0	0	1	0	2
Material Costs	0	0	0	0	-3	0	0	0	0	10
Employee Cost	8	12	13	19	22	0	0	0	0	0
Other Costs ⓘ	7	9	18	15	19	0	0	0	0	1
Operating Profit ⓘ	52	55	96	156	161	0	0	0	0	2
Operating Profit Margin (%)	57.8%	54.3%	56.9%	56.2%	53.6%	-	-	10.0%	24.2%	13.6%
Other Income ⓘ	1	1	1	9	7	0	0	0	0	2
Interest ⓘ	9	11	15	22	12	0	0	0	0	0
Depreciation ⓘ	12	12	20	34	39	0	0	0	0	0
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	33	33	62	109	117	0	0	0	0	4
Tax ⓘ	13	12	21	34	41	0	-1	0	0	1
Profit After Tax	20	21	41	75	76	0	0	0	0	3
PAT Margin (%)	22.1%	21.0%	24.2%	27.1%	25.3%	-	-	5.0%	7.3%	18.8%
Adjusted EPS (₹)	7.6	7.3	22.8	23.5	23.8	0.1	0.1	0.0	0.0	0.9
Dividend Payout Ratio (%)	13%	14%	7%	8%	6%	2,885%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	185	220	242	386	455	381	382	382	382	384
Share Capital ⓘ	26	29	18	32	32	32	32	32	32	32
Reserves ⓘ	158	190	224	354	423	349	350	350	350	352
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	112	114	265	196	157	0	0	0	0	0
Long Term Debt	84	74	186	177	144	0	0	0	0	0
Short Term Debt	28	40	78	18	14	0	0	0	0	0
Trade Payables	6	7	15	10	18	0	0	0	0	1
Others Liabilities ⓘ	56	43	103	142	160	0	0	1	0	1
Total Liabilities ⓘ	359	384	624	734	790	382	382	382	382	387
Fixed Assets
Gross Block	287	333	452	631	659	321	321	321	321	321
Accumulated Depreciation	50	62	79	112	150	1	1	1	1	1
Net Fixed Assetsⓘ	238	271	373	519	509	320	320	320	320	320
CWIP ⓘ	51	50	102	45	13	12	12	12	12	12
Investmentsⓘ	4	1	17	47	111	19	49	49	49	19
Inventories	4	6	6	11	11	0	0	0	0	0
Trade Receivables	17	26	56	66	85	0	0	0	0	0
Cash Equivalents	11	11	17	25	44	30	0	0	0	0
Others Assetsⓘ	33	19	52	21	17	1	1	1	1	36
Total Assets ⓘ	359	384	624	734	790	382	382	382	382	387

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	39	43	70	112	136	-1	0	0	0	0
PBT ⓘ	33	33	62	109	117	0	0	0	0	4
Adjustment ⓘ	20	22	38	47	47	0	0	0	0	-2
Changes in Working Capital ⓘ	-10	-9	-26	-31	-12	0	0	-0	-0	-2
Tax Paid ⓘ	-4	-4	-4	-13	-17	-1	0	0	0	0
Cash Flow From Investing Activity ⓘ	-58	-32	-194	-144	-64	29	-30	0	0	0
Capex	-58	-36	-179	-122	1	0	0	0	0	0
Net Investments	0	3	-16	-24	-66	29	-30	0	0	30
Others ⓘ	1	1	1	2	1	0	0	0	0	-30
Cash Flow From Financing Activityⓘ	23	-11	130	44	-58	0	0	0	0	0
Net Proceeds from Shares ⓘ	9	1	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-9	-11	-15	-22	-12	0	0	0	0	0
Dividend Paid ⓘ	-2	-3	-3	-5	-7	0	0	0	0	0
Others ⓘ	25	2	148	72	-39	0	0	0	0	0
Net Cash Flow ⓘ	5	0	6	12	15	28	-30	0	0	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	11.24	10.53	17.73	23.95	18.06	0.04	0.12	0.01	0.01	0.73
ROCE (%)	14.75	13.82	18	22.37	19.16	0.04	-0.02	0	0.01	0.97
Asset Turnover Ratio	0.28	0.27	0.34	0.41	0.39	0	0	0	0	0.04
PAT to CFO Conversion(x)	1.95	2.05	1.71	1.49	1.79	N/A	N/A	N/A	N/A	0
Working Capital Days
Receivable Days	61	77	88	80	92	0	0	74	120	5
Inventory Days	18	18	13	11	13	0	0	0	0	0
Payable Days	0	0	0	0	-1,818	0	0	0	0	18

Deep Energy Resources Ltd Stock News

Deep Energy Resources Ltd FAQs

What is the share price of Deep Energy Res.?

Company share prices are keep on changing according to the market conditions. The closing price of Deep Energy Res. on 19-Apr-2024 16:01 is ₹192.5.

What is the market cap of Deep Energy Res.?

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 Energy Res. stood at ₹601.8.

What is the P/E ratio of Deep Energy Res.?

The latest P/E ratio of Deep Energy Res. as of 19-Apr-2024 16:01 is 661.3.

What is the P/B ratio of Deep Energy Res.?

The latest P/B ratio of Deep Energy Res. as of 19-Apr-2024 16:01 is 1.56.

What is the 52-week high and low of Deep Energy Res.?

The 52-week high of Deep Energy Res. is ₹238.8 and the 52-week low is ₹105.1.

What is the TTM revenue of Deep Energy Res.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Deep Energy Res. is ₹4.50 ( Cr.) .

About Deep Energy Resources Ltd

Deep Industries Limited (DIL), established in the year 1991 with headquarters in Ahmedabad, Gujarat, primarily caters to ever increasing demand for Oil and Gas Field Services requirements. Deep Industries is the largest company in India in private sector, operating maximum no. of Compressors, having more than 20 Gas & Air Compressors in stock.

DIL is well diversified Oil & Gas Company with business interest in Air and Gas compression, Drilling, Work over and Oil & Gas Exploration and Production.Deep Industries Limited is a pioneer in the service sector of oil and gas fields, mainly in Gas compression services. They also provide work-over, Drilling Rig and allied services. The Company was formed primarily for providing valued, dedicated and professional services to the oil & Gas client in India.

After 16 years of featured services to the esteemed clients, namely Oil & Natural Gas Corporation Limited (ONGCL), Assam Gas, and the private operators like L&T, Niko-GSPCL, HOEC, Selan Explorations etc to their utmost satisfaction. Deep Industries Ltd is focusing towards expanding its operations to United States of America (USA), Asian countries and the southern part of India for providing services as an outsourcing service provider to Oil & Gas Industry.

DIL has been awarded two Coalbed Methane (CBM) blocks by Government of India in the CBM III round. DIL has also been awarded service contract for the development of three onshore marginal fields at Ghotaru, Bankia and Kharatar in Jaisalmer district of Rajasthan.

Deep Industries Limited (DIL) along with its consortium members has been awarded CBM blocks under the third round of Coalbed Methane Exploration policy. Subsequently DIL signed a production sharing contract with GOI for exploration of Coalbed Methane for a period of 34.5 years. The current project deals with exploration of Methane gas entrapped within the coal seams. In case of encouraging results of exploration, development of the block for the purpose of production of Methane gas is also envisaged.Deep Industries Limited (DIL) has been awarded service contract for the development of three onshore marginal fields by ONGC.Marginal Fields are located at Ghotaru, Bankia and Kharatar in Jaisalmer district of Rajasthan.

The company is executing contract compression on turnkey basis, which includes supply of Equipment, Commissioning, Operation & Maintenance of Gas Engine driven compressor package. It has joined hands with reputed and experienced companies like Valerus Compression Services, Houston Texas, Hanover Company USA for supply of gas compressor packages in India and have technical back up for varied services of Oil & Gas sector.

Deep Industries Limited acquires another milestone by Signing MOU for Technical Collaboration with Abu Dhabi General Maintenance and Petroleum Services Company ( ADMASCO ) for Drilling Rigs up to 2000HP on 10 January 2008.

The company is prepared to undertake significant growth and succeed to achieve through focusing on specialized activities and offering a broad spectrum of skills to serve a wide clientele base for Oil and Gas Exploration, Engineering, Servicing, Transportation, Natural Gas Compression, work over and drilling and other allied services furnishing entire range of activities from conceptualization to completion as required by Oil, Gas and Petrochemical Industries. The company endeavor to achieve a high-quality reputation and excel in all its undertakings by implementing the strategies.

The company has executed many jobs of contract compression. Its ongoing projects include:

ONGC Mehsana - Compressing 2.0 Lacs SCMD at Sobhsan CTF, Mehsana
GACL Dahej - Compressing 60000 SCMD at Dahej Works
Assam Gas Company - Compressing 20000 SCMD at Golaghat
ONGC Rajahmundry - Compressing 80000 SCMD at Kesanapalli (West)
ONGC Hazira - Compressing 100000-120000 SCMD at 03 nos. of Installation Geleky
GSPL Gandhinagar - Compression 150000 SCMD at Olpad Surat at 3 nos. of Installations.

Subsidiaries

Deep Energy, LLC, a subsidiary of Deep Industries Limited is an Oil and Gas Operator, Exploration and Production company in the state of Okhlahama, USA. It currently operates at Earlsboro Field .

Milestones

A total solution provider in oil and gas field since the year 1991
First company in India to provide high pressure air compressor on charter hire basis
First company in India to provide natural gas compressors on charter hire basis
Largest private sector natural gas Compression Company in India
First company to provide natural gas compression services globally
Compressor up time is 98% without standby and 100% with standby
Awarded two CBM blocks in CBM III rounds by Government of India
Awarded service contract for the development of three Marginal Field Gas blocks by ONGC

Awards/Achievements

Member of International Association of Drilling Contractors (IADC) in good standing and pursuing highly accredited ISO 9001-2000 Quality Management System.