Aban Offshore Ltd

AI

Aban Offshore Ltd

₹ 15.7 -1.99%
26 Aug - close price
About

Incorporated in 1986, Aban Offshore is in the business of offshore drilling services[1]

Key Points

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'.

  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
72.95 104.57 63.34 94.29 137.47 128.43 115.20 116.31 115.71 114.42 104.77 91.31 99.12
166.44 146.78 103.55 133.73 170.09 78.57 73.00 83.42 68.60 58.97 86.53 49.56 57.87
Operating Profit -93.49 -42.21 -40.21 -39.44 -32.62 49.86 42.20 32.89 47.11 55.45 18.24 41.75 41.25
OPM % -128.16% -40.37% -63.48% -41.83% -23.73% 38.82% 36.63% 28.28% 40.71% 48.46% 17.41% 45.72% 41.62%
18.31 14.21 11.70 12.18 9.99 24.93 158.18 4.05 5.15 1.82 2.85 8.43 9.30
Interest 286.73 276.04 264.85 274.15 277.05 273.22 277.30 279.42 280.39 279.80 288.94 3.20 0.00
Depreciation 10.70 21.16 22.83 22.41 30.73 32.62 33.13 27.33 25.36 23.88 25.22 25.29 43.94
Profit before tax -372.61 -325.20 -316.19 -323.82 -330.41 -231.05 -110.05 -269.81 -253.49 -246.41 -293.07 21.69 6.61
Tax % 2.14% 2.48% 0.48% 0.83% 2.55% 2.86% 4.72% 2.48% 2.51% 2.60% 4.90% -36.42% 84.72%
-380.59 -333.25 -317.71 -326.79 -340.14 -237.67 -115.31 -276.55 -259.87 -252.81 -307.44 29.56 1.80
EPS in Rs -65.21 -57.10 -54.43 -55.99 -58.28 -40.72 -19.76 -47.38 -44.52 -43.32 -52.68 5.06 0.31
Raw PDF

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
Fleet utilization
%
Average age of jackup fleet
years

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
46.00% 46.00% 46.00% 46.00% 46.00% 46.00% 46.00% 46.00% 46.00% 46.00% 46.00% 46.00%
0.08% 0.09% 0.43% 0.08% 0.12% 0.13% 0.12% 0.00% 0.00% 0.00% 0.00% 0.00%
1.86% 1.71% 1.71% 1.71% 1.71% 1.71% 0.96% 0.26% 0.06% 0.06% 0.06% 0.06%
52.06% 52.20% 51.87% 52.21% 52.18% 52.16% 52.92% 53.74% 53.92% 53.94% 53.94% 53.94%
No. of Shareholders 1,04,2221,02,0271,01,56898,35995,60094,99994,63194,33593,38692,70693,48193,148

* 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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