India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/deep-industries-ltd" target="_blank" data-smartkarma-citation="entities:14923:1" rel="noopener">Deep Industries (DEEPI IN)</a> reported 39.7% YoY revenue growth in Q4 FY25; EBITDA margins stood resilient at 36.1% despite a INR 251 crore exceptional loss due to asset clean-up.</li>
<li>New offshore contracts (INR 281 crore barge deal), and <a href="https://www.smartkarma.com/entities/oil-natural-gas-corp-ltd" target="_blank" data-smartkarma-citation="entities:3456:1" rel="noopener">Oil &amp; Natural Gas Corp (ONGC IN)</a> PEC, and a growing INR 2,960 crore order book reinforce the company’s  revenue visibility.</li>
<li>Despite one-off noise in Q4, Deep’s core operations are intact. FY26 guidance of 25–30% revenue growth looks achievable, backed by execution tailwinds.</li>
</ul>



Deep Industries (DEEPI IN) reported 39.7% YoY revenue growth in Q4 FY25; EBITDA margins stood resilient at 36.1% despite a INR 251 crore exceptional loss due to asset clean-up.
New offshore contracts (INR 281 crore barge deal), and Oil &amp; Natural Gas Corp (ONGC IN) PEC, and a growing INR 2,960 crore order book reinforce the company’s  revenue visibility.
Despite one-off noise in Q4, Deep’s core operations are intact. FY26 guidance of 25–30% revenue growth looks achievable, backed by execution tailwinds.


Deep Industries Q4 FY25 Update: Strong Topline Growth Amid One-Time Clean-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/deep-industries-ltd" target="_blank" data-smartkarma-citation="entities:14923:1" rel="noopener">Deep Industries (DEEPI IN)</a> Q3 &amp; 9M FY25 revenue surged 47% and EBITDA grew 53%, driven by robust order book (Rs. 2,701 crore) and major contracts like the ONGC PEC order.</li>
<li>Robust growth underscores Deep Industries strategic positioning in the energy sector, with record profitability and order book expansion paving the way for long-term value creation amid favorable government initiatives.</li>
<li>Company is anticipating a growth of more than 30% year-on-year for the next 3 years with target revenue of 800Cr in FY26 and margin of 45-47%.</li>
</ul>



Deep Industries (DEEPI IN) Q3 &amp; 9M FY25 revenue surged 47% and EBITDA grew 53%, driven by robust order book (Rs. 2,701 crore) and major contracts like the ONGC PEC order.
Robust growth underscores Deep Industries strategic positioning in the energy sector, with record profitability and order book expansion paving the way for long-term value creation amid favorable government initiatives.
Company is anticipating a growth of more than 30% year-on-year for the next 3 years with target revenue of 800Cr in FY26 and margin of 45-47%.


Deep Industries Limited: Q3 & 9M FY25 - Stellar Performance Driven by Strategic Growth Initiatives

<ul>
<li>
<a href="https://www.smartkarma.com/entities/deep-industries-ltd" target="_blank" data-smartkarma-citation="entities:14923:1" rel="noopener">Deep Industries (DEEPI IN)</a> targeting 800 Cr worth of revenue by FY26, with 35% CAGR in next 2 years.</li>
<li>India is opening more oil &amp; gas wells, needs services of company like Deep who can provide one stop shop for all Oil &amp; Gas Needs.</li>
<li>Key Triggers- Prabha Barge(60% Operating Margins) and Dolphin Offshore(for diversifying into offshore services) will further margin accretive.</li>
</ul>



Deep Industries (DEEPI IN) targeting 800 Cr worth of revenue by FY26, with 35% CAGR in next 2 years.
India is opening more oil &amp; gas wells, needs services of company like Deep who can provide one stop shop for all Oil &amp; Gas Needs.
Key Triggers- Prabha Barge(60% Operating Margins) and Dolphin Offshore(for diversifying into offshore services) will further margin accretive.


The Beat Ideas: Deep Industries- A Hidden Oil & Gas Proxy

<ul>
<li>
<a href="https://www.smartkarma.com/entities/bank-of-maharashtra" target="_blank" data-smartkarma-citation="entities:16651:1" rel="noopener">Bank of Maharashtra (BOMH IN)</a> , <a href="https://www.smartkarma.com/entities/samvardhana-motherson-international-ltd" target="_blank" data-smartkarma-citation="entities:10662:1" rel="noopener">Samvardhana Motherson International Ltd (MOTHERSO IN)</a> and <a href="https://www.smartkarma.com/entities/cyient-ltd" target="_blank" data-smartkarma-citation="entities:17956:1" rel="noopener">Cyient Ltd (CYL IN) </a>. have announced major initiatives spanning branch expansion, localization, and semiconductor investments.</li>
<li>Each company is adopting targeted strategies to strengthen funding models, tap into tech-led growth, and diversify revenue streams.</li>
<li>These updates reflect a broad focus on operational efficiency, capital discipline, and long-term growth across sectors like finance, auto, and semiconductors.</li>
</ul>



Bank of Maharashtra (BOMH IN) , Samvardhana Motherson International Ltd (MOTHERSO IN) and Cyient Ltd (CYL IN) . have announced major initiatives spanning branch expansion, localization, and semiconductor investments.
Each company is adopting targeted strategies to strengthen funding models, tap into tech-led growth, and diversify revenue streams.
These updates reflect a broad focus on operational efficiency, capital discipline, and long-term growth across sectors like finance, auto, and semiconductors.


Information Technology Consultant

Ishita Jain

Thematic (Sector/Industry)

<p>The 2015 United Nations Climate Change Conference (COP21) to be held in Paris is another attempt to reign in global warming.&nbsp;India, the 3rd largest carbon emitter has, among other things, committed to reducing emissions by changing its energy mix to 40% from renewable sources of energy by 2030. This is an ambitious target and India's plan revolves around the sun. The government is taking steps in the right direction and the sector is receiving a lot of interest. While a lot is happening, let&rsquo;s take a look at the developments that could make this a very favourable sector to invest in.</p>

The 2015 United Nations Climate Change Conference (COP21) to be held in Paris is another attempt to reign in global warming.&nbsp;India, the 3rd largest carbon emitter has, among other things, committed to reducing emissions by changing its energy mix to 40% from renewable sources of energy by 2030. This is an ambitious target and India's plan revolves around the sun. The government is taking steps in the right direction and the sector is receiving a lot of interest. While a lot is happening, let&rsquo;s take a look at the developments that could make this a very favourable sector to invest in.

India

Deep Industries Ltd. provides various oil and gas field services such as supply and rental of equipment, operation and maintenance and execution of turnkey projects.

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Deep Industries (DEEPI IN)

Deep Industries Q4 FY25 Update: Strong Topline Growth Amid One-Time Clean-Up

Deep Industries (DEEPI IN) reports strong revenue growth in Q4 FY25 despite exceptional loss, with new contracts and order book supporting revenue...

Sudarshan Bhandari

Deep Industries Limited: Q3 & 9M FY25 - Stellar Performance Driven by Strategic Growth Initiatives

Deep Industries reports strong revenue and EBITDA growth in Q3FY25, driven by major contracts and order book, positioning the company for long...

Sudarshan Bhandari

The Beat Ideas: Deep Industries- A Hidden Oil & Gas Proxy

Deep Industries aims for 800 Cr revenue by FY26 with 35% CAGR, benefiting from India's increasing oil & gas well openings and offering...

Sudarshan Bhandari

#2 Leadership Bytes(08-Apr-25)

Bank of Maharashtra, Samvardhana Motherson International Ltd, and Cyient announce strategic initiatives for branch expansion, localization, and...

Sudarshan Bhandari

The Case for Solar Energy in India

The 2015 United Nations Climate Change Conference (COP21) to be held in Paris is another attempt to reign in global warming. India, the 3rd largest...

Ishita Jain

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Deep Industries Q4 FY25 Update: Strong Topline Growth Amid One-Time Clean-Up

​Deep Industries (DEEPI IN) reports strong revenue growth in Q4 FY25 despite exceptional loss, with new contracts and order book supporting revenue...

Sudarshan Bhandari

Deep Industries Limited: Q3 & 9M FY25 - Stellar Performance Driven by Strategic Growth Initiatives

​Deep Industries reports strong revenue and EBITDA growth in Q3FY25, driven by major contracts and order book, positioning the company for long...

Sudarshan Bhandari

The Beat Ideas: Deep Industries- A Hidden Oil & Gas Proxy

​Deep Industries aims for 800 Cr revenue by FY26 with 35% CAGR, benefiting from India's increasing oil & gas well openings and offering...

Sudarshan Bhandari

#2 Leadership Bytes(08-Apr-25)

​Bank of Maharashtra, Samvardhana Motherson International Ltd, and Cyient announce strategic initiatives for branch expansion, localization, and...

Sudarshan Bhandari

The Case for Solar Energy in India

The 2015 United Nations Climate Change Conference (COP21) to be held in Paris is another attempt to reign in global warming. India, the 3rd largest...

Ishita Jain

Deep Industries (DEEPI IN) reports strong revenue growth in Q4 FY25 despite exceptional loss, with new contracts and order book supporting revenue...

Deep Industries reports strong revenue and EBITDA growth in Q3FY25, driven by major contracts and order book, positioning the company for long...

Deep Industries aims for 800 Cr revenue by FY26 with 35% CAGR, benefiting from India's increasing oil & gas well openings and offering...

Bank of Maharashtra, Samvardhana Motherson International Ltd, and Cyient announce strategic initiatives for branch expansion, localization, and...