Oil Equipment & Services industry

7 companies · ₹7,203 cr · 2 with AI deep dives · Q1FY27 report

Exhibit 3Structure

₹7,203 cr

Deep Industries Ltd is 59.9% of this industry by market cap. The top 5 are 96.7% and the top 10 are 100%.

small 2micro 52 above ₹500 cr

Exhibit 5Coverage (7 of 7)

Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.

Company	Mcap	P/E	EV/EBITDA	ROCE	Margin	Rev YoY	Read
Deep Industries Ltd	₹4,292 cr	20.8x	20.8x	16.5%	39.9%	+39.8%	Unlock
Asian Energy Services Ltd	₹1,936 cr	32.9x	22.1x	16.5%	12.0%	+135.0%

Deep Industries Ltd

Mcap: ₹4,292 cr
P/E: 20.8x
EV/EBITDA: 20.8x
ROCE: 16.5%
Margin: 39.9%
Rev YoY: +39.8%

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Asian Energy Services Ltd

Mcap: ₹1,936 cr
P/E: 32.9x
EV/EBITDA: 22.1x
ROCE: 16.5%

Exhibit 6What managements said

from Oil earnings calls · as of 2026-06-30

tailwindElevated crude realisations driving record E&P revenues and margins4 managements

All four producing upstream companies reported YoY realisation step-changes commensurate with Brent's rise. ONGC posted its highest-ever standalone quarterly PBT; OIL reported…

ONGC (Q1FY27): “The reported standalone gross revenue of INR 46,460 crore, an increase of over 45% over…”

headwind3 managements headwind3 managements

Exhibit 7Outlook

The outlook and what resolves next quarter

Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.

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AppendixThe other 0 companies

1-0

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