Deep Industries Limited Secures Rs 96.72 Crore Letter of Award from Oil India Ltd
On August 2, 2025, Deep Industries Limited announced it has received a significant Letter of Award from Oil India Limited. The contract involves the charter hire of a brand-new workover rig, which is to operate in the states of Assam and Arunachal Pradesh.
The total estimated value of the awarded contract is approximately Rs 96.72 crores, with a tenure set at seven years. This contract was granted by a domestic entity and does not involve promoter group interests nor related party transactions. The company confirmed this award falls within its ordinary course of business.
Key Financials and Technical Indicators of Deep Industries Limited
Deep Industries currently holds a market capitalization of Rs 3,084 crores, with the stock trading at Rs 482. The 52-week price range is Rs 298 to Rs 624. It has a price-to-earnings (P/E) ratio of 23.0 and a book value of Rs 284. The company has a dividend yield of 0.51%, return on capital employed (ROCE) at 11.7%, and return on equity (ROE) at 8.20%. Promoter holding stands at 63.5%, indicating strong insider interest, with an industry P/E benchmark of 28.5. Other fundamental metrics include an EV/EBITDA of 12.3, market cap to sales at 5.35, and a three-year return of 70.3%. The earnings per share (EPS) is currently Rs -14.1.
Technical snapshot on the daily time frame shows a Relative Strength Index (RSI) of 59.93, indicating moderate momentum with potential for further movement.
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I’m Shahid Shaikh, a software engineer who has observed and tracked the stock market for over ten years. Through my blog, I deliver daily news updates on market trends and financial headlines. I focus on informing readers—not giving investment advice—so the insights here are purely educational.