Deep Energy Resources Ltd

NSE
DEEPENR •
BUY

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Start SIP in Deep Energy Resources Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
115.12% Gain from 52W Low
9.7
TTM PE Ratio
Negative PE TTM
-5736.4
Price to Book Ratio
Below industry Median
1.4
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is much higher than 1
53.6
RSI
RSI is mid-range
50.6
MFI
MFI Overbought
78.9

Deep Energy Resources Ltd Key Financials

*All values are in ₹ Cr.

Deep Energy Resources Ltd shareholding Pattern

Promoter
68%
Foreign Institutions
1.7%
Public
30.3%

Deep Energy Resources Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
13
Bearish Moving Averages
3
5Day EMA
187.90
10Day EMA
184.60
12Day EMA
184.00
20Day EMA
183.60
26Day EMA
183.90
50Day EMA
182.90
100Day EMA
174.90
200Day EMA
159.40
Delivery & Volume
Resistance & Support
188.37
Pivot
Resistance
First Resistance
194.63
Second Resistance
204.27
Third Resistance
210.53
Support
First Support
178.73
Second support
172.47
Third Support
162.83
Relative Strength Index
50.64
Money Flow Index
78.91
MACD
0.14
MACD Signal
-2.12
Average True Range
14.09
Average Directional Index
23.74
Rate of Change (21)
-3.01
Rate of Change (125)
23.33

Deep Energy Resources Ltd Company background

Founded in: 1991
Managing director: Shail Savla
Deep Industries Ltd is well diversified Oil Gas Company with business interest in Air and Gas compression, Drilling, Work over and Oil Gas Exploration and Production. The company is a pioneer in the service sector of oil and gas fields, mainly in Gas compression services. They also provide workover, Drilling Rig and allied services. The company is headquartered in Ahmedabad, Gujarat, primarily caters to ever increasing demand for Oil and Gas Field Services requirements.The company is Indias largest Gas Compression services provider and has expanded its Oil Field services to work over activities. From their Drilling to Dispensing plan, the company has also expanded their arms to Exploration and Production Business of Oil, Gas and Coal Bed Methane. They are providing value added Engineering Services to various Public Sector and Private Sector Undertakings in India.The company has four main lines of business, namely gas compression, work over rigs, marginal gas fields, and coalbed methane (CBM). In the gas compression business, the company owns, operates, and maintains a compressor fleet, with capabilities ranging from 100 horse power (HP) to 4000 HP. The company has three subsidiaries, namely Deep Energy LLC, USA, Deep Natural Resources Ltd and Prabha Energy Pvt Ltd.Deep Industries Ltd was incorporated on January 01, 1991 as a private limited company with the name Deep Roadways Pvt Ltd. Initially, the company is engaged in the activities of providing liquid transportation services and then, they gradually moved from a liquid transport service provider to compression service providers.In the year 1994, the company bagged contract to provide High Pressure Air Compressors on charter hire basis to ONGC, for its Ahmedabad project. In the year 1997, they bagged contract to provide Natural Gas Compressors on charter hire basis to ONGC, for its Mehsana project. In February 6, 1997, the company changed their name from Deep Roadways Pvt Ltd to Deep Industries Pvt Ltd. In the year 1998, the company bagged contract to provide Natural Gas Engine based power generation packages on charter hire basis. In the year 2001, they entered into Gas Compression Equipment Lease and Service Agreement with Hanover Asia Inc., USA for taking on lease Gas Compressors. In May 2, 2002, the company was converted into public limited company and the name was changed to Deep Industries Ltd.In the year 2004, the company entered into Sales Representation Agreement with Valerus Compression Services Limited Partnership, USA to act as Sales Representatives in the Asian Region. In the year 2005, they purchased 100 Ton Cardwell KB 500 S Axle Mobile Rig as a step towards becoming an integrated service provider to the Oil Gas Sector. Also, they received ISO 9001 2000 certification.In the year 2005, the company entered into memorandum of understanding with PT Indrillco Bakti, Jakarta, Indonesia for availing technical knowhow/ collaboration in connection with work over services for 30 to 200 Ton capacity Rigs. During the year 200607, the company came out with the initial public issue and their shares were listed on the Bombay Stock Exchange and National Stock Exchange with effect from September 25, 2006.During the year 200708, the company set up a company in USA, namely Deep Energy, LLC for exploration, production development of Oil Gas fields, which got operator ship license in USA. They received a contract for Gas Compression from Gujarat State petroleum Ltd valuing approximately of Rs 300.00 million for a period of five years. During the year, the company got additional contract for providing gas compression services to Gujarat State Petronet Ltd., wherein Company would be deploying 2 Gas Compressors. They also got work orders for hiring 4 Workover Rigs from ONGC GSPC Ltd. Also, they had bidded for contracts of 11 different kinds of rigs floated by ONGC Ltd. During the year 200809, the company entered into E P space through forward integration into gas production through CBM and Marginal fields. Also, they received one onshore block in recent NELP VII round by Government of India. The block SRONN2005/ I is situated in Chhattisgarh State.During the year 200910, the company set up two subsidiary companies, namely Deep Natural Resources Ltd for exploration, production development of crude oil, coal bed methane (CBM) and natural gas and Prabha Energy Pvt Ltd for generation of electrical power by conventional and nonconventional methods.The company has procured 13 new compressors during last two financial years and has successfully commenced five gas compression contracts in the financial year 200809 and 3 new gas compression contracts in the financial year 200910. In October 2010, the company received letter of intent (LOI) for hiring of work over rig on firm basis for work over operations, testing plugging operations for all exploration / development blocks and fields of onshore blocks.
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Deep Energy Resources Ltd FAQs

Deep Energy Resources Ltd shares are currently priced at 185 on NSE and 185.65 on BSE as of 2/28/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Deep Energy Resources Ltd [DEEPENR] share was 70.03. The Deep Energy Resources Ltd [DEEPENR] share hit a 1-year low of Rs. 86 and a 1-year high of Rs. 237.

The market cap of Deep Energy Resources Ltd is Rs. 592 Cr. as of 2/28/2024 12:00:00 AM.

The PE ratios of Deep Energy Resources Ltd is 0 as of 2/28/2024 12:00:00 AM.

The PB ratios of Deep Energy Resources Ltd is 1.54 as of 2/28/2024 12:00:00 AM

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