We use cookies for analytics and ads to improve your experience. You can accept or decline. See our Privacy Policy.
Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
[ICRA]AA (Stable)
Rates the company's debt-servicing ability — not the quality or value of its shares.
Valuation
Financials (FY2023-24)
Investment Thesis
Deepak Industries Limited is a 70-year-old Kolkata-based company operating at the intersection of auto ancillaries and logistics/warehousing. The 'L' CIN prefix confirms a prior listing history, and the ₹1,400 unlisted share price reflects meaningful investor-assigned value in underlying assets or business operations. India's auto ancillary sector benefits from PLI schemes and ongoing OEM expansion, while the logistics sector is being transformed by infrastructure investment under PM Gati Shakti. The primary concern is the business classification ambiguity between logistics and auto ancillaries, combined with limited public financial disclosures. Independent due diligence via MCA filings is essential before investment.
Pros
Cons
Business Segments
Gearbox & Gear Manufacturing
Manufacturing of gearboxes and gears for industrial and automotive applications; precision engineering components for drive trains.
Revenue Model
Deepak Industries Limited generates revenue from auto ancillary products (parts and accessories manufactured or distributed to automotive OEMs and aftermarket distributors) and potentially warehousing/logistics services. Given the company's 70-year history and current ₹1,400 unlisted share price, it is likely a revenue-generating operating company rather than a dormant entity. Exact revenue split between segments requires verification through MCA filings.
Detailed Analysis
Growth Plans
India's auto sector PLI scheme driving component manufacturing investments and OEM demand
India's logistics infrastructure improvement under PM Gati Shakti and National Logistics Policy benefiting warehousing operators
Post-COVID automotive demand recovery sustaining auto parts sales growth
India's EV transition creating new demand for EV-specific components if the company adapts its product portfolio
Industry Tailwinds
Recent Developments
India's automotive sector recovered strongly post-COVID with strong passenger vehicle and commercial vehicle sales driving demand for auto ancillary components. Simultaneously, India's logistics sector grew significantly with PLI-driven manufacturing activity and e-commerce expansion boosting warehousing demand.
2020–2024Comparable Companies
Frequently Asked Questions
About Deepak Industries
Deepak Industries Limited is one of India's oldest warehousing and storage companies, incorporated in 1954 in Kolkata, West Bengal. With a 70-year operating history, the company has been a participant in India's post-independence industrial growth, providing storage and warehousing solutions that underpin supply chains across Eastern India. The company is registered under NIC code 63022 — storage and warehousing activities — making it a pure-play infrastructure-adjacent logistics business. Kolkata's position as the gateway to Eastern India and the country's largest inland port hub makes it a strategically important location for warehousing operations serving manufacturing, FMCG, and trading companies. Deepak Industries reported revenues of approximately ₹801 crore in FY2024, representing significant scale for an unlisted warehousing entity. This makes it one of the larger unlisted logistics infrastructure companies in Eastern India. The company's long operating history suggests established relationships with corporate clients, government entities, and port-linked supply chains in the region. India's warehousing sector is undergoing significant transformation, driven by GST implementation (which rationalized multi-state warehouse structures), growth in organized retail and e-commerce, and rising industrial output. Grade-A warehouse space demand is growing at 15-20% annually across major logistics corridors. Deepak Industries' established presence in Kolkata positions it to benefit from port-linked warehousing demand as trade volumes via Kolkata Port (Syama Prasad Mookerjee Port) and Haldia Dock Complex continue growing. As an unlisted entity since 1954 incorporation, shares are only accessible via secondary markets. The company's 70-year track record and substantial revenues make it an interesting alternative investment consideration, though limited public financial transparency is a key risk factor.
Key Milestones
Incorporated May 8, 1954 in West Bengal (CIN: L63022WB1954PLC021638) — 70+ years of engineering operations
Common questions about unlisted shares
You buy from and sell to the wisefolio desk — shares route through the desk's demat, money-in before shares-out.
You enquire
· Takes 2 minutesTell us the company and quantity you want. Share your demat details so we can settle directly into your account.
We source & quote
· Typically within 1 business dayOur desk sources the shares and comes back with a firm price and an allocation for the quantity available.
You accept the allocation
· Quote valid for 3 daysReview the price, quantity and total. Accept to lock the allocation. The quote is valid for a short window before it needs re-pricing.
You transfer the funds
· Pay within 2 days of acceptingPay by direct bank transfer to the desk's published account — never to a personal account. We confirm receipt and begin the transfer.
Shares reach your demat
· Usually credited within 2–3 business daysOnce payment is verified, the shares are transferred from the desk's demat into yours, and you receive a transfer confirmation.
A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
Be the first to discuss Deepak Industries — share your research, ask questions, or compare notes with other investors.
India's auto sector PLI scheme driving component manufacturing investments and OEM demand
India's logistics infrastructure improvement under PM Gati Shakti and National Logistics Policy benefiting warehousing operators
Post-COVID automotive demand recovery sustaining auto parts sales growth
India's EV transition creating new demand for EV-specific components if the company adapts its product portfolio
Industry Headwinds
Unclear business segment boundaries between auto ancillaries and logistics/warehousing
Auto sector cyclicality and EV-driven obsolescence of traditional components
Limited public information on financial performance and promoter identity
West Bengal industrial environment risks
Net profit margin is thin at 3.9% (FY2023-24) — limited buffer against revenue or cost shocks
Source: Financial data
The discrepancy between the CIN classification (logistics/warehousing) and the described operations (auto ancillaries) creates uncertainty about the current primary business. Investors must independently verify current revenue sources through MCA filings.
Source: Company Financial Filings
At ₹1,400 per share in the unlisted market, the high per-share price and limited secondary market liquidity create entry and exit challenges for investors.
Source: Company Financial Filings
Kolkata and West Bengal focus may limit geographic diversification benefits compared to pan-India industrial players. West Bengal's industrial environment has historically faced labor and infrastructure challenges.
Source: Media Reports / Public Records
Auto ancillaries are subject to OEM production cycles. Automotive downturns (as seen in 2019–2020) directly impact auto component manufacturers' revenues and profitability.
Source: AlphaHub Research
The shift to electric vehicles (EVs) may render certain traditional auto components (engine parts, transmission components, exhaust systems) obsolete, requiring portfolio adaptation.
Source: AlphaHub Research
The discrepancy between the CIN classification (logistics/warehousing) and the described operations (auto ancillaries) creates uncertainty about the current primary business. Investors must independently verify current revenue sources through MCA filings.
At ₹1,400 per share in the unlisted market, the high per-share price and limited secondary market liquidity create entry and exit challenges for investors.
Kolkata and West Bengal focus may limit geographic diversification benefits compared to pan-India industrial players. West Bengal's industrial environment has historically faced labor and infrastructure challenges.
Auto ancillaries are subject to OEM production cycles. Automotive downturns (as seen in 2019–2020) directly impact auto component manufacturers' revenues and profitability.
The shift to electric vehicles (EVs) may render certain traditional auto components (engine parts, transmission components, exhaust systems) obsolete, requiring portfolio adaptation.
NSE: SUNDFASTENERS · Large-cap listed
NSE: UNOMINDA · Large-cap listed
NSE: TVSSCS · Mid-cap listed
NSE: CEATLTD · Large-cap listed
NSE: BALMLAWRIE · Mid-cap listed
ISIN INE485J01016; gearbox and gear manufacturer for industrial and automotive sectors
Revenue ₹801 Cr (FY24) — substantial scale for an unlisted West Bengal industrial manufacturer