Deep Industries Limited (IN:DEEPINDS)
:DEEPINDS
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Deep Industries Limited
(DEEPINDS)
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Rating:70Outperform
Price Target:
₹490.00
▲(7.86% Upside)
Action:Upgraded
Date:05/17/26
The score is primarily supported by solid financial strength (low leverage and a strong 2026 rebound alongside robust revenue growth) and a reasonable valuation (P/E ~10.83). Offsetting this, technical signals are mixed and cash-flow quality is a key risk, with free cash flow often negative and volatile despite healthy operating cash flow.
Positive Factors
Recurring service contracts for compression and O&M
Deep's core business is contracting to supply and operate compression equipment with O&M fees tied to deployment and ongoing service. Those multi-year service arrangements create predictable revenue streams, sticky customer relationships and recurring cash inflows, supporting durable revenue visibility over cycles.
Negative Factors
Inconsistent and often negative free cash flow
While operating cash generation is healthy, recurring negative free cash flow limits the company's ability to self-fund growth, pay sustained dividends, or reduce leverage. Persistent FCF weakness signals high capex or working-capital strain, raising dependence on external financing and constraining durable capital deployment.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring service contracts for compression and O&M
Deep's core business is contracting to supply and operate compression equipment with O&M fees tied to deployment and ongoing service. Those multi-year service arrangements create predictable revenue streams, sticky customer relationships and recurring cash inflows, supporting durable revenue visibility over cycles.
Read all positive factors
Deep Industries Limited (DEEPINDS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹30.00B
Dividend Yield0.67%
Average Volume (3M)11.52K
Price to Earnings (P/E)15.3
Beta (1Y)1.18
Revenue Growth54.60%
EPS GrowthN/A
CountryIN
Employees878
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-6.15
Shares Outstanding64,000,000
10 Day Avg. Volume7,905
30 Day Avg. Volume11,520
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)1.38
Price to Sales (P/S)3.09
P/FCF Ratio116.99
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)49
Revenue Forecast (FY)₹10.77B
Deep Industries Limited Business Overview & Revenue Model
Company Description
Deep Industries Limited engages in the oil and gas services business. The company provides air and gas compression; drilling and workover; gas dehydration, conditioning, and processing; and integrated project management services, as well as rental...
How the Company Makes Money
Deep Industries Limited makes money primarily by providing oilfield services to E&P customers under service contracts. A key revenue stream is supplying, installing, and operating natural gas compression equipment for clients, typically earning fe...
Deep Industries Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.43B | 8.91B | 5.76B | 4.27B | 3.41B | 3.22B |
| Gross Profit | 3.57B | 3.53B | 3.39B | 1.63B | 1.67B | 1.48B |
| EBITDA | 3.29B | 1.47B | 127.39M | 1.97B | 1.86B | 1.19B |
| Net Income | -393.29M | 1.80B | -901.03M | 1.24B | 1.23B | 721.28M |
Balance Sheet | ||||||
| Total Assets | 25.42B | 25.95B | 23.93B | 19.11B | 15.87B | 12.60B |
| Cash, Cash Equivalents and Short-Term Investments | 1.75B | 1.94B | 2.02B | 1.68B | 900.14M | 684.57M |
| Total Debt | 2.05B | 2.03B | 2.05B | 1.60B | 698.74M | 317.92M |
| Total Liabilities | 5.09B | 4.83B | 4.78B | 3.84B | 2.08B | 1.30B |
| Stockholders Equity | 19.31B | 19.99B | 18.20B | 14.43B | 13.79B | 11.30B |
Cash Flow | ||||||
| Free Cash Flow | -113.37M | 235.52M | -676.00K | -359.00M | -252.85M | 239.96M |
| Operating Cash Flow | 1.14B | 2.60B | 2.10B | 1.80B | 881.07M | 546.41M |
| Investing Cash Flow | -947.57M | -2.40B | -2.48B | -3.17B | -1.08B | -760.23M |
| Financing Cash Flow | -303.37M | -221.09M | 279.40M | 686.42M | 285.44M | 139.68M |
Deep Industries Limited Technical Analysis
Positive
454.30
Price Trends
440.70
Positive
415.34
Positive
456.02
Positive
Market Momentum
3.86
Positive
53.59
Neutral
70.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DEEPINDS, the sentiment is Positive. The current price of 454.3 is below the 20-day moving average (MA) of 470.10, above the 50-day MA of 440.70, and below the 200-day MA of 456.02, indicating a neutral trend. The MACD of 3.86 indicates Positive momentum. The RSI at 53.59 is Neutral, neither overbought nor oversold. The STOCH value of 70.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:DEEPINDS.
Deep Industries Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹813.06B | 11.68 | ― | 2.94% | 4.41% | 1.06% | |
70 Outperform | ₹30.00B | 15.31 | ― | 0.67% | 54.60% | ― | |
69 Neutral | ₹22.16B | 62.34 | ― | ― | -23.18% | -36.32% | |
68 Neutral | ₹19.41B | -12.45 | ― | 0.18% | 25.34% | 83.21% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
52 Neutral | ₹1.40B | -6.12 | ― | 3.53% | 24.71% | -990.82% |
* Energy Sector Average
IN:DEEPINDS
Deep Industries Limited
468.80
44.30
10.44%
IN:ALPHAGEO
Alphageo (India) Ltd.
220.45
-41.67
-15.90%
IN:HINDOILEXP
Hindustan Oil Exploration Co., Ltd.
167.55
-11.25
-6.29%
IN:JINDRILL
Jindal Drilling & Industries Ltd.
669.85
-44.22
-6.19%
IN:OIL
Oil India Limited
499.85
83.53
20.06%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.