---
title: "Deep Energy Resources Ltd(Merged) (DEEPENR) — Share Price, Financials & Analysis"
symbol: "DEEPENR"
company: "Deep Energy Resources Ltd(Merged)"
canonical: "https://tapetide.com/stocks/DEEPENR"
isin: "INE677H01012"
nse_symbol: "DEEPENR"
sector: "Energy"
industry: "Oil"
generated_at: "2026-09-13T19:16:06.454Z"
---

# Deep Energy Resources Ltd(Merged) (DEEPENR)

Canonical page: https://tapetide.com/stocks/DEEPENR

## Company

- **NSE Symbol:** DEEPENR
- **ISIN:** INE677H01012
- **Sector:** Energy
- **Industry:** Oil
- **Macro Sector:** Energy
- **Stock Type:** DELISTED
- **Listed Since:** 2010-03-09
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** deepindustries.com

## About

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

## Latest Price

- **Price:** ₹312.25
- **Change:** 0 (0%)
- **Open:** ₹312.25
- **Day High:** ₹312.25
- **Day Low:** ₹298
- **Previous Close:** ₹312.25
- **Volume:** 0
- **As Of:** 2024-09-24T10:23:06+00:00

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Stock is trading at 2.51 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 0.16% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | -109% | — |
| revenue growth | -90% | 5% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.62 | 0.7 | 0.81 | 0.79 | 4.1 | 8.11 | 20.46 | 0.51 | 0.57 | 0.69 | 1.02 | 0.94 |
| Expenses | 0.45 | 0.58 | 0.61 | 0.7 | 2.31 | 7.52 | 19.52 | 0.73 | 1.1 | 0.76 | 1.17 | 1.04 |
| Operating Profit | 0.17 | 0.12 | 0.2 | 0.09 | 1.79 | 0.59 | 0.94 | -0.22 | -0.53 | -0.07 | -0.15 | -0.1 |
| OPM % | 27.42 | 17.14 | 24.69 | 11.39 | 43.66 | 7.27 | 4.59 | -43.14 | -92.98 | -10.14 | -14.71 | -10.64 |
| Other Income | 0 | 0.05 | 0.06 | 0.09 | 0.21 | 0.01 | -0.01 | 0.1 | 0.07 | 0.1 | 0.15 | 0.01 |
| Interest | 0.02 | 0.02 | 0.1 | 0.08 | 0.08 | 0.07 | 0.06 | 0.09 | 0.12 | 0.06 | 0.07 | 0.1 |
| Depreciation | 0.07 | 0.1 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.1 | 0.1 | 0.11 | 0.11 |
| Profit before tax | 0.08 | 0.05 | 0.08 | 0.02 | 1.84 | 0.45 | 0.79 | -0.29 | -0.68 | -0.13 | -0.18 | -0.3 |
| Tax % | 87.5 | 40 | -87.5 | 50 | 32.07 | 68.89 | 5.06 | 37.93 | 7.35 | 107.69 | -316.67 | -36.67 |
| Net Profit | 0.01 | 0.04 | 0.16 | 0.01 | 1.26 | 0.15 | 0.77 | -0.4 | -0.73 | -0.28 | 0.39 | -0.2 |
| EPS in Rs | 0 | 0.01 | 0.03 | 0 | 0.37 | 0.05 | 0.23 | -0.09 | -0.11 | -0.04 | 0.11 | -0.01 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 169.15 | 277.38 | 312.68 | 0 | 0.73 | 2.38 | 2.65 | 33.45 | 2.79 | 3.22 |
| Expenses | 71.58 | 121.6 | 149.28 | 0.01 | 0.17 | 1.01 | 1.83 | 30.04 | 3.76 | 4.07 |
| Operating Profit | 97.57 | 155.78 | 163.4 | -0.01 | 0.56 | 1.37 | 0.82 | 3.41 | -0.97 | -0.85 |
| OPM % | 57.68 | 56.16 | 52.26 | — | 76.71 | 57.56 | 30.94 | 10.19 | -34.77 | -26.4 |
| Other Income | -0.47 | 9.29 | 5.65 | 0.33 | 0.01 | 0.02 | 0.22 | 0.3 | 0.42 | 0.33 |
| Interest | 15.03 | 22.28 | 11.58 | 0.01 | 0.23 | 0.33 | 0.19 | 0.28 | 0.34 | 0.35 |
| Depreciation | 20.42 | 33.52 | 38.78 | 0.07 | 0.17 | 0.31 | 0.31 | 0.31 | 0.39 | 0.42 |
| Profit before tax | 61.65 | 109.27 | 118.69 | 0.24 | 0.17 | 0.75 | 0.54 | 3.12 | -1.28 | -1.29 |
| Tax % | 33.56 | 31.18 | 34.75 | 29.17 | -182.35 | 20 | 14.81 | 30.45 | -21.09 | — |
| Net Profit | 40.95 | 75.2 | 77.45 | 0.17 | 0.48 | 0.6 | 0.46 | 2.16 | -1.01 | -0.82 |
| EPS in Rs | 14.02 | 22.02 | 24.19 | 0.05 | 0.14 | 0.13 | 0.1 | 0.65 | -0.13 | -0.05 |
| Dividend Payout % | 10.7 | 8.18 | 6.2 | 2823.53 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 29.2 | 29.2 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 |
| Reserves | 190.32 | 228.45 | 354.32 | 424.88 | 361.96 | 364.03 | 379.04 | 381.51 | 367.51 | 366.88 |
| Borrowings | 114.12 | 264.56 | 273.97 | 243.98 | 34.91 | 3.34 | 2.93 | 7.21 | 33.99 | 36.17 |
| Other Liabilities | 50.37 | 112.35 | 90.19 | 141.33 | 27.98 | 87.94 | 76.45 | 153.72 | 159.57 | 172.76 |
| Total Liabilities | 384.01 | 634.56 | 750.48 | 842.19 | 456.85 | 487.31 | 490.42 | 574.44 | 593.07 | 607.81 |
| Fixed Assets | 270.87 | 373.34 | 518.63 | 509.34 | 320.13 | 323.39 | 323.46 | 322.27 | 321.95 | 322.62 |
| CWIP | 50.01 | 125.1 | 73.08 | 47.24 | 68.24 | 107.02 | 126.31 | 168.76 | 187.78 | 205.47 |
| Investments | 1.2 | 4.08 | 28.21 | 95.7 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 61.93 | 132.04 | 130.56 | 189.91 | 68.47 | 56.9 | 40.65 | 83.41 | 83.34 | 79.72 |
| Total Assets | 384.01 | 634.56 | 750.48 | 842.19 | 456.85 | 487.31 | 490.42 | 574.44 | 593.07 | 607.81 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 42.71 | 75.02 | 109.69 | 142.77 | -18.25 | 40.6 | -5.84 | 36.16 | 9.83 | — |
| Cash from Investing Activity | -32.21 | -203.51 | -143.92 | -73.72 | 10.13 | -42.19 | -19.66 | -45.95 | -19.86 | — |
| Cash from Financing Activity | -10.69 | 134.61 | 46.23 | -46.58 | 34.9 | -22.88 | 22.27 | 6.85 | 10.77 | — |
| Net Cash Flow | -0.19 | 6.13 | 12 | 22.47 | 26.78 | -24.47 | -3.23 | -2.95 | 0.75 | — |
| Free Cash Flow | 6.25 | -126.67 | -17.09 | 137.8 | -40.59 | -1.61 | -25.51 | -5.31 | -10.06 | — |
| CFO/OP | 84 | 81 | 79 | 94 | 172500 | 7250 | -426 | 4417 | 301 | — |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 93.83 | 119.93 | 87.47 | 99.01 | — | 0 | 64.41 | 115.7 | 4.36 | — |
| Cash Conversion Cycle | 93.83 | 119.93 | 87.47 | 99.01 | — | 0 | 64.41 | 115.7 | 4.36 | — |
| Working Capital Days | -47.51 | -82.47 | -30.91 | -28.27 | — | -10765 | -2331.09 | -7695.3 | -546.35 | — |
| ROCE % | 13.71 | 18.22 | 22.07 | 19.14 | -0.01 | 0.09 | 0.25 | 0.14 | 0.76 | — |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 63.95% | 63.49% | 63.49% | 63.99% | 63.99% | 67.99% | 67.99% | 67.99% | 67.99% |
| FIIs | 7.97% | 6% | 5.3% | 5.85% | 5.85% | 5.85% | 1.68% | 1.69% | 1.68% |
| DIIs | 0.21% | 0.06% | 0.94% | 0.01% | 0.01% | 0% | 0.06% | 0% | 0% |
| Government | 0% | 0.01% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 27.87% | 30.44% | 30.27% | 30.15% | 30.15% | 26.15% | 30.28% | 30.32% | 30.32% |
| No. of Shareholders | 13726 | 20334 | 18920 | 17529 | 18003 | 17371 | 13259 | 13160 | 13684 |

### Quarterly

| Category | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 63.99% | 63.99% | 67.99% | 67.99% | 67.99% | 67.99% | 67.99% | 67.99% | 67.99% | 67.99% | 67.99% | 67.99% |
| FIIs | 5.85% | 5.85% | 5.85% | 1.68% | 1.69% | 1.68% | 1.68% | 1.69% | 1.68% | 1.68% | 1.69% | 1.68% |
| DIIs | 0.01% | 0% | 0% | 0% | 0% | 0.05% | 0.06% | 0% | 0% | 0% | 0% | 0% |
| Public | 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 | 18067 | 17932 | 17371 | 15371 | 14916 | 13422 | 13259 | 12829 | 12074 | 12083 | 13160 | 13684 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 192.15 | Sell |
| EMA (10) | 191.68 | Sell |
| SMA (20) | 198.4 | Sell |
| EMA (20) | 195.43 | Sell |
| SMA (50) | 200.11 | Sell |
| EMA (50) | 201.38 | Sell |
| SMA (100) | 211.21 | Sell |
| EMA (100) | 209.26 | Sell |
| SMA (200) | 224.83 | Sell |
| EMA (200) | 220.37 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 37.38 | Neutral |
| MACD (12,26,9) | -4.19 | Sell |
| Stochastic (14,3,3) | 24.65 | Neutral |
| ADX (14) | 22.69 | Neutral |
| Williams %R (14) | -85.87 | Buy |
| ATR (14) | 9.06 | High Volatility |
| ROC (12) | -8.85 | Sell |
| Stoch RSI (14) | 32.96 | Neutral |
| UO (7,14,28) | 36.76 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1243_DEEPIND_2012_2013_29082013115227.zip) |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_DEEPIND_2010_2011_09092011115454.zip) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/53b38c97-4686-4de2-b623-85bb666dfa24.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532760/76786532760.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532760/69976532760.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532760/67370532760.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532760/5327600319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532760/5327600318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532760/5327600317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/532760/5327600316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2016 | [Concall - Oct 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=BE9E3CAB_74BC_478C_84B4_02EC330567A8_130224.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=00e492dc-ce10-43ed-a699-427a924bf86d.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/00e492dc-ce10-43ed-a699-427a924bf86d.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5c9a18df-f0c6-4dce-844c-d1198394d4e8.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/5c9a18df-f0c6-4dce-844c-d1198394d4e8.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=917a4f6d-e6a2-4d76-8e43-0f7cc8712092.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/917a4f6d-e6a2-4d76-8e43-0f7cc8712092.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c182c766-001b-4699-9803-cf1e0269e81d.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c182c766-001b-4699-9803-cf1e0269e81d.pdf) |
| May 2018 | [Concall - May 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45af7d66-7117-423b-8777-2263cec9f3cf.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:16:06.454Z.