Deep Industries - Beneficiary Of Increased Outsourcing: IDBI Capital

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.We visited the site and met the management of Deep industries Ltd. for an insight into the company’s business. The company specialises in providing oil and gas support services including natural gas compression services (37% contribution to revenue with a 60% Ebitda margin), drilling and workover rigs services (33% to revenue with a 42-45% Ebitda margin), natural gas dehydration services (10% to revenue with 60% Ebitda margin) and Integrated project management services (20% with a 27-28% Ebitda margin)..The order book of company has grown significantly in the last three years and currently stands at ~Rs 12 billion which gives them a visibility of three years as per trailing twelve months sales. As per management, outsourcing work for compression of gas is expected to increase from 30% currently and Deep Industries stands to benefit from this..Click on the attachment to read the full report:.PM Modi To Visit Bhutan On March 21-22; All You Need To Know.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Deep Industries - Beneficiary Of Increased Outsourcing: IDBI Capital

Deep Industries is moving up the value chain with unique services such as charter hiring of entire gas processing facility.

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