How large is this ONGC contract for Deep Industries?

It's valued at ₹49.10 crore over five years, about 5.5% of FY26 revenue. A routine award in the ordinary course of business.

Does this contract change Deep's growth outlook?

No. With an order book of ₹3,000 crore, this is incremental. It reinforces client ties but doesn't shift the narrative.

Is there any related-party concern with ONGC?

No. The filing states no promoter interest in ONGC. The contract was awarded through a domestic tender.

Has Deep won similar ONGC contracts recently?

Yes. In June 2026, it secured an ₹83.81 crore, three-year ONGC contract. This one is smaller and of a similar nature.

What is the financial impact of this order?

Modest. Annual revenue from this contract is roughly ₹10 crore, less than 5% of trailing revenue. Earnings impact will be limited.

Order Wins · Oil Exploration · Small cap

Deep Industries lands ₹49 cr ONGC gas compression deal

Five-year contract at Paliyad facility is a routine addition to a ₹3,000 crore order book. Nothing game-changing, but it keeps the revenue machine running.

— 2 earlier stories on Deep Industries Ltd. →

DEEPINDS By Tipsheet Editorial 7 Jul 2026 · 11:20 AM IST Verify on BSE · NSE

Mkt cap₹3,039 cr

P/E16.89×

ROE0.00%

Debt / eq.0.11

Div yld0.52%

₹49.10 cr Five-year ONGC contract for gas compression services

What's new

Won ₹49.10 crore contract from ONGC for natural gas compression at Paliyad.
Five-year term extends relationship with top client, ONGC.
Order book stands at ₹3,000 crore; this order is incremental.

Why this matters

The contract is small for Deep — roughly 5.5% of FY26 revenue. It reaffirms the steady flow of work from ONGC but doesn't change the company's trajectory. No price-moving surprise here.

What we're watching

Whether more ONGC orders materialize from its asset portfolio.
Execution pace on the existing ₹3,000 crore order book.
Any margin guidance on this contract vs. the overall mix.

The full read

Deep Industries added another ONGC contract to its pile: a ₹49.10 crore, five-year gas compression job at ONGC's Paliyad facility. Routine win. The order came through a domestic tender with no promoter conflict. At roughly 5.5% of FY26 revenue, it's incremental. The company's order book already totals ₹3,000 crore, and it landed a similar ₹84 crore ONGC contract just two months ago. This keeps the pipeline filled but does nothing to move the stock. The next catalyst will have to be larger.

Questions answered

How large is this ONGC contract for Deep Industries?: It's valued at ₹49.10 crore over five years, about 5.5% of FY26 revenue. A routine award in the ordinary course of business.
Does this contract change Deep's growth outlook?: No. With an order book of ₹3,000 crore, this is incremental. It reinforces client ties but doesn't shift the narrative.
Is there any related-party concern with ONGC?: No. The filing states no promoter interest in ONGC. The contract was awarded through a domestic tender.
Has Deep won similar ONGC contracts recently?: Yes. In June 2026, it secured an ₹83.81 crore, three-year ONGC contract. This one is smaller and of a similar nature.
What is the financial impact of this order?: Modest. Annual revenue from this contract is roughly ₹10 crore, less than 5% of trailing revenue. Earnings impact will be limited.

Mentioned: ONGC · ₹49.10 cr · Paliyad facility

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Deep Industries Ltd.

Oil Refining

₹2,847 cr

P/E 15.82×

Latest quarter · Mar 2026

Sales₹249 cr

Net profit−₹7 cr

Op. margin+32.9%

EPS−₹2.24

Strength & growth

Debt / equity0.11×

Current ratio3.01×

Story so far

All notes on DEEPINDS →

7 Jul 2026 · 11:20 AM IST Deep Industries lands ₹49 cr ONGC gas compression deal
20d ago Deep Industries locks in ₹84 cr ONGC gas compression contract
50d ago Deep Industries transcript confirms prior call; no new price triggers