Deep Industries Secures ONGC Contract Worth ₹90.7 Crore

Deep Industries has received a Letter of Award from the Oil and Natural Gas Corporation (ONGC) for the charter hiring of a 100MT workover rig. The contract, valued at ₹90.70 crore, will span seven years and will support ONGC’s operations in its Assam asset.

Deep Industries Shares Performance 

On January 06, 2025, Deep Industries share price traded 4.71% lower at ₹562.35 at 2:13 PM (IST), while the BSE benchmark Sensex plunged 1,190.15 points to 78,032.96. Deep Industries’ share price reached a 52-week high of ₹620 on December 18, 2024, and a 52-week low of ₹226.85 on February 13, 2024. As per BSE, the total traded volume for the stock stood at 0.30 lakh shares with a turnover of ₹1.74 crore.

At the current price, Deep Industries shares are trading at a price-to-earnings (P/E) ratio of 30.84x, based on its trailing 12-month earnings per share (EPS) of ₹18.26, and a price-to-book (P/B) ratio of 2.77, according to exchange data.

Shareholding Details

As of September 30, 2024, promoters held a 63.49% stake in Deep Industries shares, while Foreign Institutional Investors (FIIs) owned 2.08%, and the public held 34.43%.

Deep Industries Q2 FY25 Results

Deep Industries Limited posted financial results for Q2 FY25, with a net profit of ₹41.5 crore. Revenue for the quarter increased to ₹130.6 crore, while EBITDA stood at ₹64.6 crore.

For the first half of FY25, the company reported a net profit of ₹80.3 crore, with EBITDA rising to ₹126 crore and revenue reaching ₹254.1 crore.

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