Deep Energy Resources Ltd

₹ 312 5.00%

24 Sep 2024

deepindustries.com BSE: 532760 NSE: DEEPENR

About

Incorporated in 1991, Deep Energy Resources Ltd is in the business of both conventional and unconventional Oil and Gas Exploration and production^[1]

Key Points

Business Overview:^[1]
DERL is an ISO-certified company offering air and natural gas compressor services on rental basis, pioneering this in India, with a portfolio covering equipment for the oil and gas industry, from exploration to mid-stream services.

Website BSE NSE - BE

Market Cap ₹ 999 Cr.
Current Price ₹ 312
High / Low ₹ 348 / 150
Stock P/E 694
Book Value ₹ 121
Dividend Yield 0.00 %
ROCE 0.39 %
ROE 0.35 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.

Cons

Stock is trading at 2.59 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Tax rate seems low
Company has a low return on equity of 0.36% over last 3 years.
Earnings include an other income of Rs.2.35 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Crude Oil & Natural Gas Industry: Oil Drilling / Allied Services

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	0.09	0.10	0.12	0.13	0.19	3.49	6.72	4.50	0.00	0.00	0.00	0.00	0.00
	0.05	0.08	0.10	0.11	0.23	1.81	6.25	4.57	0.08	0.35	0.12	0.13	0.11
Operating Profit	0.04	0.02	0.02	0.02	-0.04	1.68	0.47	-0.07	-0.08	-0.35	-0.12	-0.13	-0.11
OPM %	44.44%	20.00%	16.67%	15.38%	-21.05%	48.14%	6.99%	-1.56%
	0.00	0.00	0.00	0.00	0.06	0.72	0.72	0.24	0.56	0.58	0.57	0.56	0.64
Interest	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.09
Depreciation	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Profit before tax	0.02	0.00	0.00	0.00	0.00	2.37	1.17	0.15	0.46	0.21	0.43	0.41	0.42
Tax %	0.00%					24.89%	23.08%	26.67%	26.09%	28.57%	32.56%	-36.59%	0.00%
	0.03	0.00	0.00	0.00	0.00	1.79	0.89	0.11	0.34	0.16	0.30	0.56	0.42
EPS in Rs	0.01	0.00	0.00	0.00	0.00	0.56	0.28	0.03	0.11	0.05	0.09	0.18	0.13
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	65.09	90.77	101.25	169.07	277.38	300.49	0.00	0.00	0.78	0.43	14.90	0.00	0.00
	29.08	38.45	46.25	71.48	121.61	138.21	0.00	0.00	0.71	0.32	12.86	0.69	0.71
Operating Profit	36.01	52.32	55.00	97.59	155.77	162.28	0.00	0.00	0.07	0.11	2.04	-0.69	-0.71
OPM %	55.32%	57.64%	54.32%	57.72%	56.16%	54.01%			8.97%	25.58%	13.69%
	1.76	1.21	1.32	-0.56	9.29	5.36	0.30	0.00	0.01	0.00	1.75	2.28	2.35
Interest	6.44	8.70	10.77	15.03	22.28	11.57	0.00	0.01	0.00	0.00	0.01	0.00	0.09
Depreciation	10.07	12.04	12.15	20.42	33.52	38.78	0.07	0.07	0.07	0.07	0.07	0.07	0.08
Profit before tax	21.26	32.79	33.40	61.58	109.26	117.29	0.23	-0.08	0.01	0.04	3.71	1.52	1.47
Tax %	42.90%	38.85%	36.32%	33.58%	31.18%	35.19%	26.09%	-650.00%	-300.00%	25.00%	24.53%	10.53%
	12.14	20.04	21.27	40.90	75.19	76.02	0.17	0.44	0.04	0.03	2.79	1.36	1.44
EPS in Rs	4.62	7.62	7.28	14.01	23.50	23.76	0.05	0.14	0.01	0.01	0.87	0.42	0.45
Dividend Payout %	12.97%	13.10%	13.73%	10.71%	7.66%	6.31%	2,823.53%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-100%

Compounded Profit Growth
10 Years:	-23%
5 Years:	90%
3 Years:	224%
TTM:	-54%

Stock Price CAGR
10 Years:	21%
5 Years:	33%
3 Years:	95%
1 Year:	67%

Return on Equity
10 Years:	6%
5 Years:	0%
3 Years:	0%
Last Year:	0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	26.25	26.25	29.20	29.20	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00
Reserves	145.71	167.32	190.42	223.74	354.33	423.46	349.11	349.55	349.59	349.62	352.42	353.78
	87.49	111.77	114.12	264.56	272.22	231.14	0.00	0.00	0.00	0.00	0.00	0.00
	40.81	53.25	50.26	106.24	75.31	103.55	0.44	0.36	0.62	0.50	2.21	0.55
Total Liabilities	300.26	358.59	384.00	623.74	733.86	790.15	381.55	381.91	382.21	382.12	386.63	386.33
	197.35	237.80	270.87	373.34	518.63	509.33	320.12	320.05	319.98	319.91	319.84	319.77
CWIP	49.83	51.46	50.00	102.26	45.42	13.23	11.90	11.90	11.90	11.95	11.95	12.04
Investments	4.00	4.44	1.33	17.37	46.83	110.83	18.62	48.62	48.62	48.62	18.62	18.62
	49.08	64.89	61.80	130.77	122.98	156.76	30.91	1.34	1.71	1.64	36.22	35.90
Total Assets	300.26	358.59	384.00	623.74	733.86	790.15	381.55	381.91	382.21	382.12	386.63	386.33

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	32.01	39.02	42.70	70.24	111.88	135.97	-1.00	0.01	0.00	0.08	-0.02	-0.24
	-15.72	-57.65	-32.21	-194.09	-144.35	-63.62	28.90	-30.00	0.01	-0.05	0.01	0.23
	-13.88	23.19	-10.68	129.86	44.47	-57.69	0.00	-0.01	0.00	0.00	-0.01	0.00
Net Cash Flow	2.41	4.56	-0.19	6.02	11.99	14.66	27.90	-30.00	0.00	0.03	-0.02	-0.01

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	76.26	67.03	93.84	119.99	87.47	103.03			74.87	110.35	5.88
Inventory Days												0.00
Days Payable
Cash Conversion Cycle	76.26	67.03	93.84	119.99	87.47	103.03			74.87	110.35	5.88
Working Capital Days	78.96	89.27	98.31	96.44	-8.93	-13.28			-84.23	-84.88	801.29
ROCE %	10.52%	14.53%	13.72%	18.33%	22.29%	19.32%	-0.01%	-0.02%	0.00%	0.01%	0.97%	0.39%

Shareholding Pattern

Numbers in percentages

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	63.99%	63.99%	67.99%	67.99%	67.99%	67.99%	67.99%	67.99%	67.99%	67.99%	67.99%	67.99%
	5.85%	5.85%	5.85%	1.68%	1.69%	1.68%	1.68%	1.69%	1.68%	1.68%	1.69%	1.68%
	0.01%	0.00%	0.00%	0.00%	0.00%	0.05%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%
	30.15%	30.15%	26.15%	30.33%	30.31%	30.28%	30.28%	30.33%	30.34%	30.32%	30.32%	30.32%
No. of Shareholders	18,067	17,932	17,371	15,371	14,916	13,422	13,259	12,829	12,074	12,083	13,160	13,684

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
	63.95%	63.49%	63.49%	63.99%	63.99%	67.99%	67.99%	67.99%	67.99%
	7.97%	6.00%	5.30%	5.85%	5.85%	5.85%	1.68%	1.69%	1.68%
	0.21%	0.06%	0.94%	0.01%	0.01%	0.00%	0.06%	0.00%	0.00%
	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	27.87%	30.44%	30.27%	30.15%	30.15%	26.15%	30.28%	30.32%	30.32%
No. of Shareholders	13,726	20,334	18,920	17,529	18,003	17,371	13,259	13,160	13,684

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Concalls

Feb 2020
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Nov 2019

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Aug 2019

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May 2019

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Feb 2019

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Nov 2018

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Aug 2018

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May 2018

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Feb 2018

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Nov 2017

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Aug 2017

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Feb 2017

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Dec 2016

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Oct 2016

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Jul 2016

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Jul 2016

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Jul 2016

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