Aban Offshore Ltd
Incorporated in 1986, Aban Offshore is in the business of offshore drilling services[1]
- Market Cap ₹ 91.9 Cr.
- Current Price ₹ 15.7
- High / Low ₹ 51.5 / 12.9
- Stock P/E
- Book Value ₹ -4,839
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 2.00
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -17.5% over past five years.
- Contingent liabilities of Rs.1,269 Cr.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,041 | 3,335 | 1,758 | 1,467 | 848 | 974 | 1,069 | 598 | 397 | 400 | 476 | 410 | |
| 1,662 | 1,443 | 851 | 2,053 | 4,369 | 8,340 | 2,018 | 1,580 | 528 | 556 | 304 | 254 | |
| Operating Profit | 2,379 | 1,892 | 907 | -586 | -3,520 | -7,365 | -949 | -982 | -131 | -156 | 172 | 156 |
| OPM % | 59% | 57% | 52% | -40% | -415% | -756% | -89% | -164% | -33% | -39% | 36% | 38% |
| 44 | 21 | 15 | 14 | 113 | 13 | 257 | 69 | 225 | 48 | 192 | 23 | |
| Interest | 1,091 | 1,038 | 1,090 | 1,282 | 1,137 | 1,203 | 1,106 | 1,097 | 1,110 | 1,092 | 1,110 | 572 |
| Depreciation | 598 | 902 | 701 | 665 | 675 | 845 | 195 | 145 | 47 | 97 | 118 | 118 |
| Profit before tax | 734 | -27 | -870 | -2,518 | -5,220 | -9,401 | -1,992 | -2,154 | -1,063 | -1,297 | -865 | -511 |
| Tax % | 26% | 806% | 20% | 4% | 1% | -5% | -1% | 1% | 3% | 2% | 3% | 4% |
| 545 | -241 | -1,041 | -2,606 | -5,273 | -8,973 | -1,973 | -2,177 | -1,091 | -1,318 | -889 | -529 | |
| EPS in Rs | 94.35 | -41.30 | -178.33 | -446.58 | -903.52 | -1,537.32 | -337.96 | -373.01 | -186.88 | -225.79 | -152.38 | -90.62 |
| Dividend Payout % | 4% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -19% |
| 5 Years: | -17% |
| 3 Years: | 1% |
| TTM: | -14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 16% |
| TTM: | 41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -23% |
| 5 Years: | -17% |
| 3 Years: | -29% |
| 1 Year: | -67% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 5,408 | 3,682 | 2,624 | 7 | -5,320 | -15,332 | -16,834 | -19,524 | -22,308 | -23,884 | -25,414 | -28,252 |
| 14,341 | 14,716 | 14,005 | 13,740 | 14,351 | 15,688 | 15,185 | 15,249 | 15,135 | 15,308 | 15,697 | 17,084 | |
| 1,212 | 1,820 | 2,087 | 3,179 | 4,615 | 5,643 | 6,257 | 7,232 | 8,889 | 10,079 | 11,238 | 12,912 | |
| Total Liabilities | 20,973 | 20,229 | 18,728 | 16,938 | 13,657 | 6,011 | 4,619 | 2,968 | 1,727 | 1,515 | 1,533 | 1,756 |
| 18,363 | 17,197 | 16,203 | 14,369 | 11,262 | 4,052 | 3,191 | 704 | 693 | 682 | 663 | 822 | |
| CWIP | 19 | 0 | 9 | 0 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 13 | 16 | 27 | 27 | 26 | 23 | 23 | 23 | 23 | 22 | 22 | 22 |
| 2,578 | 3,016 | 2,488 | 2,542 | 2,363 | 1,935 | 1,405 | 2,241 | 1,010 | 811 | 848 | 912 | |
| Total Assets | 20,973 | 20,229 | 18,728 | 16,938 | 13,657 | 6,011 | 4,619 | 2,968 | 1,727 | 1,515 | 1,533 | 1,756 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -664 | 1,299 | 1,802 | 396 | 978 | -976 | 679 | -434 | 130 | -72 | 139 | 16 | |
| -921 | -845 | 257 | -68 | -1,590 | -636 | 11 | 206 | 1,400 | -11 | 19 | -122 | |
| 1,559 | -452 | -2,102 | -319 | 656 | 1,635 | -620 | 253 | -1,470 | -22 | -9 | -35 | |
| Net Cash Flow | -26 | 3 | -43 | 9 | 44 | 23 | 70 | 26 | 61 | -105 | 148 | -141 |
| Free Cash Flow | -1,599 | 1,216 | 1,755 | 278 | -618 | -1,612 | 685 | -232 | 1,526 | -89 | 155 | -106 |
| CFO/OP | -18% | 75% | 225% | -87% | -31% | 13% | -72% | 44% | -97% | 46% | 83% | 9% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 144 | 254 | 385 | 466 | 479 | 411 | 184 | 255 | 301 | 127 | 62 | 88 |
| Inventory Days | 1,098 | |||||||||||
| Days Payable | 2,175 | |||||||||||
| Cash Conversion Cycle | 144 | 254 | 385 | 466 | 479 | 411 | 184 | 255 | 301 | 127 | 62 | -989 |
| Working Capital Days | 2 | -7 | -314 | -3,495 | -7,007 | -7,320 | -6,906 | -13,215 | -21,480 | -22,707 | -20,379 | -26,267 |
| ROCE % | 9% | 5% | 1% | -8% | -36% | -174% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Number of operational/deployed rigs rigs |
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| Total rig fleet size rigs |
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| Fleet utilization % |
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| Average age of jackup fleet years |
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Extracted by Screener AI
Documents
Announcements
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Clarification Regarding Delay In Disclosure Of Outcome Of Board Meeting.
- Aban Offshore clarifies no board meeting was held on 14 August 2026 during CIRP.
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AUDITED FINANCIAL FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2026
- Aban Offshore filed audited FY26 standalone and consolidated results, with auditor disclaimer and CIRP status.
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Results-Delay in Financial Results
- Aban Offshore explains June 30, 2026 results delay due to CIRP and expects filing in 2-3 working days.
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Appointment of Company Secretary and Compliance Officer
- D. Suresh appointed Company Secretary from 1 August 2026 after S.N. Balaji’s superannuation.
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Announcement under Regulation 30 (LODR)-Resignation of Director
- Mr. Krishnamurthy Vijayan resigned as Independent Director effective 22 July 2026.
Annual reports
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Annual Report 2011
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Concalls
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Jul 2018TranscriptPPT
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May 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
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May 2017TranscriptPPT
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Feb 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Aug 2016TranscriptPPT
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May 2016TranscriptPPT
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Feb 2016TranscriptPPT
Business Overview:[1][2]
AOL is the largest private player in India in the offshore drilling industry. It is a part of Aban Group and was promoted by Aban Constructions Private Limited, in collaboration with Chiles Offshore Inc, USA, an offshore drilling company in the Gulf of Mexico. Company provides offshore drilling and production services in exploration development and production of oil and gas. It owns and operates 7 offshore drilling Rigs, drill ships, and a floating production facility, 'Tahara'.