Asian Energy Services Ltd

Asian Energy Services Ltd

₹ 294 1.17%
18 May - close price
About

Asian Energy Services Ltd is an oilfield service and reservoir imaging company, offering a suite of geophysical services specializing in land and well seismic services and operation and maintenance services for oilfields.[1]
It is one of the few companies providing end-to-end services in the upstream oil segment.[2]

Key Points

Business Areas
1. Seismic Services - The co. is a leading service provider of 2D and 3D Seismic services with extensive industry experience of over 25 years.

  • Market Cap 1,203 Cr.
  • Current Price 294
  • High / Low 344 / 89.9
  • Stock P/E 41.9
  • Book Value 67.6
  • Dividend Yield 0.00 %
  • ROCE 12.9 %
  • ROE 12.2 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company's median sales growth is 80.6% of last 10 years
  • Company's working capital requirements have reduced from 130 days to 93.0 days

Cons

  • Stock is trading at 4.35 times its book value
  • Promoter holding has decreased over last quarter: -2.86%
  • Company has a low return on equity of 10.1% over last 3 years.
  • Company has high debtors of 154 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
86 77 52 64 62 27 25 29 29 46 45 95 119
59 50 37 53 45 30 31 30 30 47 41 79 94
Operating Profit 27 27 14 10 17 -3 -6 -1 -1 -1 4 16 25
OPM % 31% 35% 28% 16% 28% -11% -23% -4% -4% -2% 9% 16% 21%
1 1 11 1 1 1 -1 1 2 3 1 1 1
Interest 0 0 0 0 0 0 1 1 0 0 0 1 0
Depreciation 4 4 4 4 5 5 5 5 4 4 4 4 4
Profit before tax 24 24 21 7 13 -7 -13 -6 -4 -2 1 12 21
Tax % 0% -7% 4% 24% 9% 29% 1% -31% 0% 0% 0% -12% 21%
24 25 21 5 12 -5 -12 -8 -4 -2 1 14 17
EPS in Rs 6.21 6.65 5.41 1.32 3.11 -1.26 -3.26 -2.20 -0.97 -0.64 0.17 3.48 4.13
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
54 18 1 9 43 96 157 64 141 254 110 305
56 36 13 29 43 100 146 46 108 185 121 262
Operating Profit -3 -18 -11 -20 0 -4 11 18 33 69 -11 43
OPM % -5% -99% -820% -214% 0% -4% 7% 28% 24% 27% -10% 14%
5 8 7 4 11 -3 5 3 3 14 2 5
Interest 3 7 6 5 5 6 5 3 1 1 2 2
Depreciation 9 8 6 6 5 7 9 13 14 17 18 14
Profit before tax -9 -25 -17 -28 1 -21 2 5 22 65 -29 32
Tax % 1% 0% 0% -7% 20% 0% 0% 0% 0% 3% 1% 10%
-9 -25 -17 -29 1 -21 2 5 22 63 -29 29
EPS in Rs -6.10 -11.20 -7.51 -13.17 0.31 -5.43 0.43 1.23 5.68 16.49 -7.69 7.01
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 33%
5 Years: 14%
3 Years: 29%
TTM: 178%
Compounded Profit Growth
10 Years: 12%
5 Years: 65%
3 Years: -2%
TTM: 206%
Stock Price CAGR
10 Years: 18%
5 Years: 32%
3 Years: 44%
1 Year: 186%
Return on Equity
10 Years: 4%
5 Years: 12%
3 Years: 10%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 15 22 22 22 26 38 38 38 38 38 38 41
Reserves 59 42 24 -5 33 96 99 101 123 184 156 236
27 43 23 27 52 17 10 0 11 17 27 25
19 11 11 36 62 78 38 29 75 32 32 76
Total Liabilities 120 118 80 80 174 229 184 168 247 271 252 377
32 25 18 25 33 60 53 68 109 103 90 109
CWIP 2 0 0 0 0 0 0 0 0 0 0 1
Investments 6 0 6 6 7 7 7 7 7 13 26 16
80 92 56 49 134 163 125 93 131 156 136 250
Total Assets 120 118 80 80 174 229 184 168 247 271 252 377

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-12 -1 -4 -13 -29 8 0 5 17 56 3 -50
-3 -29 27 17 -73 -16 6 16 -16 -39 -19 -8
5 27 -23 3 102 5 -8 -18 1 4 6 48
Net Cash Flow -9 -3 -0 7 -1 -4 -2 3 2 22 -10 -9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 137 246 1,668 390 190 192 97 128 153 74 218 154
Inventory Days
Days Payable
Cash Conversion Cycle 137 246 1,668 390 190 192 97 128 153 74 218 154
Working Capital Days 268 1,481 8,169 -285 615 171 92 104 94 92 207 93
ROCE % -5% -18% -12% -37% -1% -4% 5% 11% 20% 32% -11%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.61% 59.61% 59.61% 59.61% 59.61% 59.62% 59.62% 61.45% 63.07% 63.07% 61.38% 58.52%
0.00% 0.08% 0.08% 0.12% 0.11% 0.21% 0.05% 0.01% 0.00% 0.05% 3.95% 4.27%
39.39% 40.14% 40.09% 39.26% 39.28% 39.18% 39.33% 37.53% 35.93% 35.87% 33.68% 36.54%
1.00% 0.16% 0.21% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 0.98% 0.66%
No. of Shareholders 11,09018,69519,75921,84323,07223,58624,40722,60819,82017,46016,64716,524

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls