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 ₹ 1,509 Cr.
- Current Price ₹ 337
- High / Low ₹ 418 / 215
- Stock P/E 33.8
- Book Value ₹ 88.6
- Dividend Yield 0.30 %
- ROCE 16.1 %
- 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 3.81 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
Part of BSE SmallCap BSE Allcap BSE Energy
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: | 22% | 
| 5 Years: | 27% | 
| 3 Years: | 67% | 
| 1 Year: | -3% | 
| 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 | 24 | |
| 11 | 11 | 36 | 14 | 78 | 38 | 29 | 75 | 32 | 32 | 75 | 159 | |
| 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 | -44 | -33 | |
| -29 | 27 | 17 | -73 | -16 | 6 | 16 | -16 | -39 | -19 | -13 | -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 | 140 | 
| ROCE % | -18% | -12% | -37% | -1% | -3% | 5% | 11% | 20% | 32% | -11% | 13% | 16% | 
Documents
Announcements
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          Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
          
            13 Oct - Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 30th September, 2025
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          Intimation Of Grant Of Employee Stock Options Under Asian Energy Services Limited - Employee Stock Option Plan 2025.
          
            7 Oct - Board approved 8,00,000 ESOPs on 7 Oct 2025; exercise prices INR10 and INR200.
- 
        
          Closure of Trading Window
          
            30 Sep - Trading window closed from 1 Oct 2025 until 48 hours after Q2 (ended Sep 30, 2025) results.
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          Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
          
            30 Sep - AGM 26 Sep 2025: final dividend Re.1/share; financials adopted; director reappointed; statutory and secretarial auditors appointed.
- 
        
          Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations')
          
            29 Sep - Received 28 Sep 2025 GST DRC-01 SCN for INR 1.03 Cr ITC mismatch (FY2021–22).
Annual reports
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      Financial Year 2025
      from bse
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      Financial Year 2024
      from bse
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      Financial Year 2023
      from bse
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      Financial Year 2022
      from bse
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      Financial Year 2021
      from bse
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      Financial Year 2020
      from bse
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      Financial Year 2019
      from bse
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      Financial Year 2018
      from bse
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      Financial Year 2017
      from bse
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      Financial Year 2016
      from bse
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      Financial Year 2015
      from bse
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      Financial Year 2014
      from bse
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      Financial Year 2013
      from bse
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      Financial Year 2012
      from bse
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      Financial Year 2011
      from bse
Concalls
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      Sep 2025Transcript PPT
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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
Business Portfolio:[1]
The company is a leading and trusted service provider in the oil & gas industry, with a strong presence in the hydrocarbon and mineral sectors.