Aakash Exploration Services Ltd

₹ 12.0 -2.28%

11 Oct - close price

About

Incorporated in 2007, Aakash Exploration Services Limited provides services to Oil and Gas Field^[1]

Key Points

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

Website NSE

Market Cap ₹ 121 Cr.
Current Price ₹ 12.0
High / Low ₹ 17.2 / 5.85
Stock P/E 19.0
Book Value ₹ 5.78
Dividend Yield 0.00 %
ROCE 12.6 %
ROE 11.2 %
Face Value ₹ 1.00

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 11.2% over last 3 years.
Promoter holding has decreased over last 3 years: -6.66%

* 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

Sector: Oil Drill/Allied Industry: Oil Drilling / Allied Services

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	15.51	18.04	21.97	21.37	19.47	26.52	26.88	19.71	18.30	21.24	21.80	30.89	26.01
	11.64	14.52	18.41	17.01	16.28	22.91	24.15	15.89	14.83	17.34	19.01	23.95	22.67
Operating Profit	3.87	3.52	3.56	4.36	3.19	3.61	2.73	3.82	3.47	3.90	2.79	6.94	3.34
OPM %	24.95%	19.51%	16.20%	20.40%	16.38%	13.61%	10.16%	19.38%	18.96%	18.36%	12.80%	22.47%	12.84%
	0.09	0.16	0.12	0.14	0.29	0.23	0.81	0.15	0.06	0.10	0.05	0.39	0.53
Interest	0.45	0.30	0.33	0.28	0.38	0.39	0.43	0.48	0.35	0.48	0.35	0.60	0.54
Depreciation	1.43	1.58	1.64	1.61	1.48	1.72	1.82	2.00	1.80	1.84	1.95	1.96	1.71
Profit before tax	2.08	1.80	1.71	2.61	1.62	1.73	1.29	1.49	1.38	1.68	0.54	4.77	1.62
Tax %	25.00%	25.00%	25.15%	26.82%	24.69%	25.43%	25.58%	28.86%	25.36%	25.60%	24.07%	26.42%	26.54%
	1.57	1.36	1.28	1.91	1.22	1.29	0.97	1.06	1.04	1.26	0.41	3.51	1.20
EPS in Rs	0.15	0.13	0.13	0.19	0.12	0.13	0.10	0.10	0.10	0.12	0.04	0.35	0.12
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	17.01	11.80	23.05	24.91	33.58	40.96	51.67	67.48	59.77	76.88	92.58	92.23	99.94
	14.81	10.63	18.99	20.62	26.97	33.29	43.85	52.15	47.00	61.55	79.16	75.11	82.97
Operating Profit	2.20	1.17	4.06	4.29	6.61	7.67	7.82	15.33	12.77	15.33	13.42	17.12	16.97
OPM %	12.93%	9.92%	17.61%	17.22%	19.68%	18.73%	15.13%	22.72%	21.37%	19.94%	14.50%	18.56%	16.98%
	0.32	0.22	0.40	0.73	0.22	0.27	2.17	0.23	0.57	0.51	1.41	0.59	1.07
Interest	0.14	0.07	0.79	0.95	1.30	1.37	1.23	2.57	1.86	1.37	1.68	1.78	1.97
Depreciation	1.26	0.94	2.15	3.36	3.87	3.32	3.93	6.25	5.93	6.26	7.02	7.55	7.46
Profit before tax	1.12	0.38	1.52	0.71	1.66	3.25	4.83	6.74	5.55	8.21	6.13	8.38	8.61
Tax %	26.79%	34.21%	32.89%	36.62%	34.34%	28.31%	31.26%	28.04%	25.41%	25.46%	26.10%	25.89%
	0.81	0.26	1.01	0.44	1.09	2.34	3.31	4.84	4.14	6.12	4.54	6.21	6.38
EPS in Rs	0.27	0.09	0.34	0.06	0.15	0.31	0.33	0.48	0.41	0.60	0.45	0.61	0.63
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	%
5 Years:	12%
3 Years:	16%
TTM:	9%

Compounded Profit Growth
10 Years:	%
5 Years:	13%
3 Years:	15%
TTM:	46%

Stock Price CAGR
10 Years:	%
5 Years:	59%
3 Years:	-16%
1 Year:	89%

Return on Equity
10 Years:	%
5 Years:	12%
3 Years:	11%
Last Year:	11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	2.00	2.00	2.00	5.00	4.95	4.95	6.75	10.13	10.13	10.13	10.13	10.13
Reserves	2.87	3.13	4.78	10.92	12.03	14.36	25.95	27.22	31.36	37.62	42.18	48.40
	2.81	0.54	13.14	13.26	14.52	20.41	27.03	23.67	18.17	16.05	24.18	25.72
	3.52	1.72	5.57	2.13	2.32	4.86	3.35	5.66	6.03	7.05	6.85	9.51
Total Liabilities	11.20	7.39	25.49	31.31	33.82	44.58	63.08	66.68	65.69	70.85	83.34	93.76
	3.69	3.00	12.51	17.05	19.21	17.92	38.81	44.68	41.95	46.02	63.04	59.03
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.06	0.00	0.00	7.01
	7.51	4.39	12.98	14.26	14.61	26.66	24.27	22.00	20.68	24.83	20.30	27.72
Total Assets	11.20	7.39	25.49	31.31	33.82	44.58	63.08	66.68	65.69	70.85	83.34	93.76

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	5.38	-0.09	14.42	17.88	14.03	9.73	18.50	10.21
	-5.91	-2.02	-14.75	-12.06	-5.94	-7.13	-24.03	-10.39
	-0.59	0.00	0.00	-5.93	-7.36	-3.49	6.45	-0.25
Net Cash Flow	-1.13	-2.11	-0.32	-0.11	0.73	-0.89	0.92	-0.42

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	75.75	54.75	140.46	94.51	96.20	167.26	130.40	93.74	91.23	100.79	60.75	97.12
Inventory Days	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable
Cash Conversion Cycle	75.75	54.75	140.46	94.51	96.20	167.26	130.40	93.74	91.23	100.79	60.75	97.12
Working Capital Days	13.95	25.36	90.74	46.01	54.78	148.91	92.54	38.57	37.31	51.32	19.04	39.69
ROCE %		6.74%		6.76%	9.76%	12.97%	12.21%	16.02%	12.13%	15.41%	11.25%	12.63%

Shareholding Pattern

Numbers in percentages

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	73.33%	71.54%	69.25%	66.77%	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%	66.67%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.03%	0.00%
	26.67%	28.47%	30.75%	33.23%	33.33%	33.32%	33.33%	33.33%	33.33%	33.27%	33.30%	33.32%
No. of Shareholders	2,246	2,202	5,587	7,406	9,718	19,477	23,860	24,153	27,510	33,216	37,338	41,861

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
	73.33%	73.33%	73.33%	69.25%	66.67%	66.67%	66.67%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.00%
	26.66%	26.66%	26.66%	30.75%	33.33%	33.30%	33.32%
No. of Shareholders	99	62	642	5,587	23,860	37,338	41,861

* 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.

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4 Jul from care