Asian Energy Services Ltd

Asian Energy Services Ltd

₹ 288 -0.64%
25 Apr 4:01 p.m.
About

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]

Key Points

Business Areas
1. Seismic Services - The co. is a leading service provider of 2D and 3D Seismic services with extensive industry experience of over 25 years.

  • Market Cap 1,124 Cr.
  • Current Price 288
  • High / Low 344 / 89.9
  • Stock P/E 123
  • Book Value 57.0
  • Dividend Yield 0.00 %
  • ROCE -10.8 %
  • ROE -13.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 5.05 times its book value
  • Promoter holding has decreased over last quarter: -4.55%
  • Company has a low return on equity of 12.0% over last 3 years.
  • Company has high debtors of 218 days.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 131 days to 207 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
32 86 77 52 64 62 27 25 29 29 46 45 95
30 59 50 37 53 45 30 31 30 30 47 41 79
Operating Profit 2 27 27 14 10 17 -3 -6 -1 -1 -1 4 16
OPM % 5% 31% 35% 28% 16% 28% -11% -23% -4% -4% -2% 9% 16%
1 1 1 11 1 1 1 -1 1 2 3 1 1
Interest 0 0 0 0 0 0 0 1 1 0 0 0 1
Depreciation 3 4 4 4 4 5 5 5 5 4 4 4 4
Profit before tax -1 24 24 21 7 13 -7 -13 -6 -4 -2 1 12
Tax % 0% 0% -7% 4% 24% 9% 29% 1% -31% 0% 0% 0% -21%
-1 24 25 21 5 12 -5 -12 -8 -4 -2 1 15
EPS in Rs -0.25 6.21 6.65 5.41 1.32 3.11 -1.26 -3.26 -2.20 -0.97 -0.64 0.17 3.74
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
41 54 18 1 9 43 96 157 64 141 254 110 215
47 56 36 13 29 43 100 146 46 108 185 121 198
Operating Profit -6 -3 -18 -11 -20 0 -4 11 18 33 69 -11 17
OPM % -15% -5% -99% -820% -214% 0% -4% 7% 28% 24% 27% -10% 8%
4 5 8 7 4 11 -3 5 3 3 14 2 5
Interest 2 3 7 6 5 5 6 5 3 1 1 2 2
Depreciation 9 9 8 6 6 5 7 9 13 14 17 18 14
Profit before tax -13 -9 -25 -17 -28 1 -21 2 5 22 65 -29 7
Tax % 32% 1% 0% 0% -7% 20% 0% 0% 0% 0% 3% 1%
-9 -9 -25 -17 -29 1 -21 2 5 22 63 -29 9
EPS in Rs -5.90 -6.10 -11.20 -7.51 -13.17 0.31 -5.43 0.43 1.23 5.68 16.49 -7.69 2.30
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 3%
3 Years: 19%
TTM: 50%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 178%
Stock Price CAGR
10 Years: 16%
5 Years: 27%
3 Years: 46%
1 Year: 197%
Return on Equity
10 Years: 0%
5 Years: 10%
3 Years: 12%
Last Year: -13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 15 15 22 22 22 26 38 38 38 38 38 38 39
Reserves 68 59 42 24 -5 33 96 99 101 123 184 156 184
20 27 43 23 27 52 17 10 0 11 17 27 10
11 19 11 11 36 62 78 38 29 75 32 32 40
Total Liabilities 114 120 118 80 80 174 229 184 168 247 271 252 272
39 32 25 18 25 33 60 53 68 109 103 90 102
CWIP 0 2 0 0 0 0 0 0 0 0 0 0 0
Investments 11 6 0 6 6 7 7 7 7 7 13 26 32
64 80 92 56 49 134 163 125 93 131 156 136 138
Total Assets 114 120 118 80 80 174 229 184 168 247 271 252 272

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-6 -12 -1 -4 -13 -29 8 0 5 17 56 3
-13 -3 -29 27 17 -73 -16 6 16 -16 -39 -19
7 5 27 -23 3 102 5 -8 -18 1 4 6
Net Cash Flow -12 -9 -3 -0 7 -1 -4 -2 3 2 22 -10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 164 137 246 1,668 390 190 192 97 128 153 74 218
Inventory Days
Days Payable
Cash Conversion Cycle 164 137 246 1,668 390 190 192 97 128 153 74 218
Working Capital Days 190 268 1,481 8,169 -285 615 171 92 104 94 92 207
ROCE % -10% -5% -18% -12% -37% -1% -4% 5% 11% 20% 32% -11%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.61% 59.61% 59.61% 59.61% 59.61% 59.62% 59.62% 61.45% 63.07% 63.07% 61.38% 58.52%
0.00% 0.08% 0.08% 0.12% 0.11% 0.21% 0.05% 0.01% 0.00% 0.05% 3.95% 4.27%
39.39% 40.14% 40.09% 39.26% 39.28% 39.18% 39.33% 37.53% 35.93% 35.87% 33.68% 36.54%
1.00% 0.16% 0.21% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 0.98% 0.66%
No. of Shareholders 11,09018,69519,75921,84323,07223,58624,40722,60819,82017,46016,64716,524

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls