Rs 2,701 Crore Order Book: Multibagger Oil & Gas Field Services Provider Secures Strategic Asset Control

The stock has delivered a 1-year return of 55 per cent and a 3-year return of 320 per cent.

Deep Industries Limited has announced the takeover of mature fields at the Rajahmundry Asset for Production Enhancement Operations, effective April 03, 2025. This follows a Letter of Award received from Oil and Natural Gas Corporation Limited, initially disclosed in September 2024. The company will manage these operations for a period of 15 years, marking a significant step in its strategic growth within the oil and gas sector. This development is part of Deep Industries' broader strategy to enhance its service offerings and expand its market presence. The company's focus on integrated project management and turnkey solutions positions it as a leader in post-exploration services, covering over 70 per cent of the market. With a robust order book and a strong client base, including major players like ONGC and Oil India, Deep Industries is well-positioned to capitalize on emerging opportunities in the industry. The stock has delivered impressive multi-fold returns over the past three years, reflecting its strong performance and growth potential.

Deep Industries Ltd, incorporated in 1991, specializes in oil and gas field services, focusing on air and gas compression, drilling, workover, and gas dehydration services. The company holds a dominant position in post-exploration services, covering over 70 per cent of the market. Its business segments include the Gas Compression Division, where it is the largest service provider in India, and the Gas Dehydration Division, offering systems on a build, own, and operate basis. The Drilling and Workover Services segment maintains long-term contracts with major PSUs and private companies. Deep Industries also provides integrated project management services, executing turnkey solutions for well drilling and completion. The company has a robust order book of Rs 1,210 crore, with significant contracts from ONGC and Oil India. Recent strategic moves include the incorporation of a wholly-owned subsidiary in the UAE and the acquisition of Dolphin Offshore Enterprises, enhancing its capabilities in offshore services. The company aims for a 25 per cent top-line growth in FY25, with a focus on expanding its onshore drilling business and exploring new market opportunities.

As of April 04, 2025, the stock price of Deep Industries Limited is Rs 503.95. The 52-Week High is Rs 624.50, and the 52-Week Low is Rs 243. Deep Industries Limited has a market capitalization of over Rs 3,000 crore. The stock has delivered a 1-year return of 55 per cent and a 3-year return of 320 per cent. The Price-Earnings (PE) Ratio stands at 19. Major public shareholders include LLPs with holdings of 3.88 per cent and 3.71 per cent, Monit Exim LLP with 3.71 per cent and Pushpaben Gadhecha with 1.30 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.