I have come across this stock, and started researching on it with what ever i am learning through this platform, i have not find the thread on this stock so starting it, request all the senior to help me to explore this stock.
About: Deep Industries Limited (DIL) is a well diversified oil & gas Company serving the industry since 1991 with business interestin Air and Gas Compression, Work Over, Drilling and Oil & Gas Exploration and Production. DIL is the first Company in Indiato provide high pressure Air and Gas compressors on charter hire basis. DIL is the largest Natural Gas Compression servicesprovider in India. DIL is providing work-over and drilling services to exploration and production (E&P) Companies through itsfleet of rigs. DIL has also expanded in Exploration and Production Business of Oil, Gas and Coal Bed Methane.
Market Cap : 225 cr
D/E : 0.61
Promoter holding: 68.13% , no pledge of shares
Divident paying stock (last divivend is 10% on 04-09-2014)
Sales has gron from 55.34 crs in 2010 to 90.77 cr in 2014. In FY 15 H1 sales is 52.42 cr
Operating Margin is above 50%
Net Profit has gone from 14.36 cr in 2010 to 20 cr in 2014. In FY 15 H1 profit is 11.16 cr
1). Planning to raise its drilling and compression capacity
2.looking to get into Offshore Drilling business
3.looking to buy producing oil and gas acreages worldwide
Gas Business :
Co is the largest Contract Compression service provider in India. Currently the Company is executing
various natural gas compression projects with various Public and Private sector companies in India. The Company executes
contract compression on turnkey basis, which includes supply of Equipment, Installation, Commissioning and Operation &
Maintenance of gas engine driven compressor packages.
Drilling Business :
Company has 6 workover Rigs of various capacities and 1 Drilling Rigs operating with various renowned E&P Companies inOil & Gas sector across India. Company has done various Drilling & work over operations. DIL has been successfully inserving long term contracts since last 10 years. Company has bid for various drilling contracts within India as well as acrossthe globe.
OIL AND GAS EXPLORATION AND PRODUCTION BUSINESS :
Deep Industries Limited (DIL) and its subsidiary companies are holding large acreage of good onshore exploration & productionassets in both conventional and unconventional category. The total acreage operated by the Company is over 11800 sq kmwith prognosticated hydrocarbon resources of over 1350 Million Barrels of Oil Equivalent (MMBOe). Out of 10 blocks, 3blocks are in development phase, one in appraisal phase and rest in exploration phase.
IIFL Interview with Paras S Savla trasncript :
I don't know much about the industry, so request senior to comment on it and correct me.
This is the first time i am seeing any company in detail.
I think company is availabe at low valuation and has good potential in the coming time.
Disc: No invested