Aakash Exploration Services Ltd
Incorporated in 2007, Aakash Exploration Services Limited provides services to Oil and Gas Field[1]
- Market Cap ₹ 91.1 Cr.
- Current Price ₹ 9.00
- High / Low ₹ 13.4 / 7.21
- Stock P/E 26.0
- Book Value ₹ 6.31
- Dividend Yield 0.00 %
- ROCE 7.93 %
- ROE 5.63 %
- Face Value ₹ 1.00
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 6.25% over last 3 years.
* 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.
Peer comparison
Energy Oil, Gas & Consumable Fuels Oil Offshore Support Solution Drilling
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23 | 25 | 34 | 41 | 52 | 67 | 60 | 77 | 93 | 92 | 98 | 112 | |
| 19 | 21 | 27 | 33 | 44 | 52 | 47 | 62 | 79 | 75 | 88 | 97 | |
| Operating Profit | 4 | 4 | 7 | 8 | 8 | 15 | 13 | 15 | 13 | 17 | 10 | 15 |
| OPM % | 18% | 17% | 20% | 19% | 15% | 23% | 21% | 20% | 14% | 19% | 10% | 13% |
| 0 | 1 | 0 | 0 | 2 | 0 | 1 | 1 | 1 | 1 | 2 | 1 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 1 | 2 | 2 | 2 | 2 |
| Depreciation | 2 | 3 | 4 | 3 | 4 | 6 | 6 | 6 | 7 | 8 | 7 | 10 |
| Profit before tax | 2 | 1 | 2 | 3 | 5 | 7 | 6 | 8 | 6 | 8 | 3 | 5 |
| Tax % | 33% | 37% | 34% | 28% | 31% | 28% | 25% | 25% | 26% | 26% | 28% | 28% |
| 1 | 0 | 1 | 2 | 3 | 5 | 4 | 6 | 5 | 6 | 2 | 4 | |
| EPS in Rs | 0.34 | 0.06 | 0.15 | 0.31 | 0.33 | 0.48 | 0.41 | 0.60 | 0.45 | 0.61 | 0.18 | 0.35 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 13% |
| 3 Years: | 7% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | -3% |
| 3 Years: | -9% |
| TTM: | 157% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -20% |
| 3 Years: | 16% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 8% |
| 3 Years: | 6% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 5 | 5 | 5 | 7 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 5 | 11 | 12 | 14 | 26 | 27 | 31 | 38 | 42 | 48 | 50 | 54 |
| 13 | 13 | 15 | 20 | 27 | 24 | 18 | 16 | 24 | 26 | 23 | 22 | |
| 6 | 2 | 2 | 5 | 3 | 6 | 6 | 7 | 7 | 10 | 13 | 20 | |
| Total Liabilities | 25 | 31 | 34 | 45 | 63 | 67 | 66 | 71 | 83 | 94 | 96 | 106 |
| 13 | 17 | 19 | 18 | 39 | 45 | 42 | 46 | 63 | 59 | 61 | 71 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 7 | 3 | 0 |
| 13 | 14 | 15 | 27 | 24 | 22 | 21 | 25 | 20 | 28 | 32 | 35 | |
| Total Assets | 25 | 31 | 34 | 45 | 63 | 67 | 66 | 71 | 83 | 94 | 96 | 106 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | -0 | 14 | 18 | 14 | 10 | 18 | 10 | 8 | 14 | |||
| -6 | -2 | -15 | -12 | -6 | -7 | -24 | -10 | -4 | -16 | |||
| -1 | 0 | 0 | -6 | -7 | -3 | 6 | -0 | -4 | 1 | |||
| Net Cash Flow | -1 | -2 | -0 | -0 | 1 | -1 | 1 | -0 | -0 | -0 | ||
| Free Cash Flow | -1 | -2 | -11 | 6 | 11 | -1 | -6 | 7 | -1 | -5 | ||
| CFO/OP | 92% | -1% | 184% | 127% | 121% | 71% | 155% | 61% | 101% | 97% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 140 | 95 | 96 | 167 | 130 | 94 | 91 | 101 | 61 | 97 | 80 | 80 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 140 | 95 | 96 | 167 | 130 | 94 | 91 | 101 | 61 | 97 | 80 | 80 |
| Working Capital Days | -47 | 9 | 24 | 122 | 84 | 17 | 5 | 21 | -32 | -8 | -24 | -19 |
| ROCE % | 7% | 10% | 13% | 12% | 16% | 12% | 15% | 11% | 13% | 5% | 8% |
Insights
In beta| Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Number of Mobile Pumping Units (MPUs) units |
|
|||
| Number of Mobile Steaming Units (MSUs) units |
||||
| Number of Workover Rigs units |
||||
| Number of Sucker Rod Pumping (SRP) Units units |
||||
| Revenue Mix - Rigs as % of Total Operating Income % |
||||
| Asset Utilization - Other Equipment % |
||||
| Asset Utilization - Rigs % |
||||
| Customer Concentration - ONGC % |
||||
| Order Book Value ₹ crore |
||||
Extracted by Screener AI
Documents
Announcements
-
Disclosure under SEBI Takeover Regulations
30 July 2026 - Promoter Pravin Haria to receive 72,77,950 shares from Krunal Haria as a gift from August 6, 2026.
-
General Updates
30 July 2026 - Aakash received 30 July 2026 application to reclassify Deval Energy Resources from promoter group to public.
-
Resignation of Director/KMP/SMP
30 July 2026 - Aakash Exploration Services Limited has informed about Resignation of Director/KMP/SMP
-
Cessation
30 July 2026 - Whole Time Director Krunal Pravin Haria resigned effective July 30, 2026.
-
Disclosure under SEBI Takeover Regulations
21 July 2026 - Promoter Navinchandra Haria to receive 72,71,950 shares (7.19%) from Krunal Haria via gift on/after 28 July 2026.
Business Overview:[1][2]
AESL is an ISO 9001 14001 and OHSAS 18001 certified company which provides Oil and Gas Field Exploration Services. Company provides oilfield services at the production stage, when the survey of land and drilling processes are completed. For smooth and efficient production, AESL used various equipment such as Air Compressor, Coil Tubing Unit, Work Over Rig, SRP Unit, etc. Once the oil is produced it is transferred to refineries and further processed