Asian Energy Services Ltd
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]
- Market Cap ₹ 1,653 Cr.
- Current Price ₹ 369
- High / Low ₹ 436 / 215
- Stock P/E 37.0
- 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 4.17 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.
Peer comparison
Energy Oil, Gas & Consumable Fuels Oil Oil Equipment & Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 18 | 1 | 9 | 43 | 96 | 157 | 64 | 141 | 254 | 110 | 305 | 464 | 519 | |
| 36 | 13 | 29 | 43 | 100 | 146 | 46 | 108 | 185 | 121 | 262 | 396 | 446 | |
| Operating Profit | -18 | -11 | -20 | 0 | -4 | 11 | 18 | 33 | 69 | -11 | 43 | 68 | 73 |
| OPM % | -99% | -820% | -214% | 0% | -4% | 7% | 28% | 24% | 27% | -10% | 14% | 15% | 14% |
| 8 | 7 | 4 | 11 | -3 | 5 | 3 | 3 | 14 | 2 | 5 | 5 | 6 | |
| Interest | 7 | 6 | 5 | 5 | 6 | 5 | 3 | 1 | 1 | 2 | 2 | 3 | 4 |
| Depreciation | 8 | 6 | 6 | 5 | 7 | 9 | 13 | 14 | 17 | 18 | 14 | 15 | 16 |
| Profit before tax | -25 | -17 | -28 | 1 | -21 | 2 | 5 | 22 | 65 | -29 | 32 | 55 | 60 |
| 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 | 45 | |
| 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 | 9.97 |
| 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: | 63% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 26% |
| 3 Years: | -13% |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 30% |
| 3 Years: | 65% |
| 1 Year: | -10% |
| 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 | 617 | 2,174 | -1,335 | 174 | 154 | 82 | 104 | 72 | 71 | 126 | 91 | 154 |
| ROCE % | -18% | -12% | -37% | -1% | -3% | 5% | 11% | 20% | 32% | -11% | 13% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
13 Aug - Monitoring Agency Report confirms no deviation in utilization of INR 157.45 Cr proceeds from preferential issue.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Aug - Newspaper publication of financial results for the quarter ended 30th June, 2025.
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Announcement under Regulation 30 (LODR)-Investor Presentation
12 Aug - Investor Presentation in respect of unaudited financial results for the quarter ended 30th June, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
12 Aug - Q1FY26 revenue Rs115.4Cr (+92%), PAT Rs5.6Cr (+173%), new Rs772Cr Vedanta contract, Kuiper acquisition ongoing.
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Board Meeting Outcome for Outcome Of The Board Meeting - Pursuant To Regulation 30 And 33 Of The SEBI (LODR) Regulations, 201
12 Aug - Q1 FY26 results; profit INR 610.92L; announced acquisition of Kuiper Group, expanding global energy services footprint.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Aug 2025TranscriptNotesPPT
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May 2025Transcript PPT
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Feb 2025TranscriptNotesPPT
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Nov 2024Transcript PPT
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Aug 2024TranscriptNotesPPT
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Jun 2024TranscriptNotesPPT
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Jan 2024TranscriptNotesPPT
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Aug 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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Mar 2020Transcript PPT
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Dec 2019TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Oct 2019TranscriptPPT
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Aug 2019TranscriptNotesPPT
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Jul 2019TranscriptNotesPPT
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]