Asian Energy Services Ltd

Asian Energy Services Ltd

₹ 317 3.93%
23 May 3:18 p.m.
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

Holding Company
Oilmax Energy is the holding company with a ~58% stake as of Jun 24. It is an Integrated Oil & Gas company with a balanced portfolio ranging the upstream value chain from Exploration and Production to O&M and hydrocarbon marketing. It has 4 oilfields, 3 in Assam and 1 in Gujarat. [1] [2]

  • Market Cap 1,420 Cr.
  • Current Price 317
  • High / Low 444 / 215
  • Stock P/E 34.6
  • Book Value 88.6
  • Dividend Yield 0.00 %
  • ROCE 16.0 %
  • 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

Cons

  • Stock is trading at 3.45 times its book value
  • Company has a low return on equity of 5.46% over last 3 years.
  • Dividend payout has been low at 3.63% of profits over last 3 years
  • Company has high debtors of 174 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 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
62 27 25 29 29 46 45 95 119 60 98 92 214
45 30 31 30 30 47 41 79 94 54 81 78 184
Operating Profit 17 -3 -6 -1 -1 -1 4 16 25 7 17 14 31
OPM % 28% -11% -23% -4% -4% -2% 9% 16% 21% 11% 17% 15% 14%
1 1 -1 1 2 3 1 1 1 1 1 2 2
Interest 0 0 1 1 0 0 0 1 0 1 0 0 1
Depreciation 5 5 5 5 4 4 4 4 4 4 4 4 4
Profit before tax 13 -7 -13 -6 -4 -2 1 12 21 3 13 11 27
Tax % 9% -29% -1% 31% 0% 0% 0% -12% 21% 28% 26% 27% 24%
12 -5 -12 -8 -4 -2 1 14 17 2 10 8 21
EPS in Rs 3.11 -1.26 -3.26 -2.20 -0.97 -0.64 0.17 3.48 4.13 0.60 2.22 1.80 4.59
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
18 1 9 43 96 157 64 141 254 110 305 464
36 13 29 43 100 146 46 108 185 121 262 396
Operating Profit -18 -11 -20 0 -4 11 18 33 69 -11 43 68
OPM % -99% -820% -214% 0% -4% 7% 28% 24% 27% -10% 14% 15%
8 7 4 11 -3 5 3 3 14 2 5 5
Interest 7 6 5 5 6 5 3 1 1 2 2 3
Depreciation 8 6 6 5 7 9 13 14 17 18 14 15
Profit before tax -25 -17 -28 1 -21 2 5 22 65 -29 32 55
Tax % 0% 0% 7% 20% 0% 0% 0% 0% 3% -1% 10% 25%
-25 -17 -29 1 -21 2 5 22 63 -29 29 41
EPS in Rs -11.20 -7.51 -13.17 0.31 -5.43 0.43 1.23 5.68 16.49 -7.69 7.01 9.17
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 11%
Compounded Sales Growth
10 Years: 79%
5 Years: 48%
3 Years: 22%
TTM: 52%
Compounded Profit Growth
10 Years: 16%
5 Years: 26%
3 Years: -13%
TTM: 43%
Stock Price CAGR
10 Years: 22%
5 Years: 34%
3 Years: 50%
1 Year: 4%
Return on Equity
10 Years: 7%
5 Years: 12%
3 Years: 5%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 22 22 22 26 38 38 38 38 38 38 41 45
Reserves 42 24 -5 81 96 99 101 123 184 156 236 352
43 23 27 52 17 10 0 11 17 27 25 31
11 11 36 14 78 38 29 75 32 32 75 153
Total Liabilities 118 80 80 174 229 184 168 247 271 252 377 580
25 18 25 33 60 53 68 109 103 90 109 115
CWIP 0 0 0 0 0 0 0 0 0 0 1 3
Investments 0 6 6 7 7 7 7 7 13 26 16 31
92 56 49 134 163 125 93 131 156 136 250 431
Total Assets 118 80 80 174 229 184 168 247 271 252 377 580

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-1 -4 -13 -29 8 0 5 17 56 3 -50 -33
-29 27 17 -73 -16 6 16 -16 -39 -19 -8 -33
27 -23 3 102 5 -8 -18 1 4 6 48 76
Net Cash Flow -3 -0 7 -1 -4 -2 3 2 22 -10 -9 9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 246 1,668 390 190 192 97 128 153 74 218 154 174
Inventory Days
Days Payable
Cash Conversion Cycle 246 1,668 390 190 192 97 128 153 74 218 154 174
Working Capital Days 1,481 8,169 -285 615 171 92 104 94 92 203 120 173
ROCE % -18% -12% -37% -1% -3% 5% 11% 20% 32% -11% 13% 16%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
59.61% 59.62% 59.62% 61.45% 63.07% 63.07% 61.38% 58.52% 58.52% 60.97% 60.97% 60.97%
0.11% 0.21% 0.05% 0.01% 0.00% 0.05% 3.95% 4.27% 3.15% 2.24% 2.26% 2.35%
39.28% 39.18% 39.33% 37.53% 35.93% 35.87% 33.68% 36.54% 37.79% 36.36% 36.57% 36.51%
1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 0.98% 0.66% 0.54% 0.43% 0.19% 0.16%
No. of Shareholders 23,07223,58624,40722,60819,82017,46016,64716,52418,81818,99720,65820,912

* 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