Asian Energy Services Ltd

Asian Energy Services Ltd

₹ 380 -0.20%
13 Dec - close price
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

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]

  • Market Cap 1,701 Cr.
  • Current Price 380
  • High / Low 444 / 230
  • Stock P/E 42.4
  • Book Value 73.2
  • Dividend Yield 0.00 %
  • ROCE 12.5 %
  • ROE 11.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Debtor days have improved from 224 to 163 days.
  • Promoter holding has increased by 2.45% over last quarter.

Cons

  • Stock is trading at 5.19 times its book value
  • The company has delivered a poor sales growth of 9.49% over past five years.
  • Company has a low return on equity of 4.05% over last 3 years.
  • Company has high debtors of 163 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
51.63 69.98 61.90 27.44 24.93 28.89 28.69 46.02 45.48 94.83 118.73 60.19 97.72
39.33 57.53 45.30 32.78 32.18 31.83 31.94 47.36 41.93 79.79 94.15 53.97 82.38
Operating Profit 12.30 12.45 16.60 -5.34 -7.25 -2.94 -3.25 -1.34 3.55 15.04 24.58 6.22 15.34
OPM % 23.82% 17.79% 26.82% -19.46% -29.08% -10.18% -11.33% -2.91% 7.81% 15.86% 20.70% 10.33% 15.70%
0.37 0.83 0.53 1.09 -5.07 1.06 1.58 3.06 2.29 1.10 -0.51 2.09 2.33
Interest 0.19 0.17 0.21 0.23 0.76 1.07 0.41 0.44 0.46 0.66 0.51 1.00 0.60
Depreciation 6.98 7.03 6.82 5.97 5.93 5.46 4.61 4.29 4.18 4.22 4.33 4.30 4.25
Profit before tax 5.50 6.08 10.10 -10.45 -19.01 -8.41 -6.69 -3.01 1.20 11.26 19.23 3.01 12.82
Tax % 13.82% 25.99% 11.19% -19.04% -0.68% 23.90% 0.00% 0.66% 0.83% -12.97% 23.76% 31.56% 27.46%
4.73 4.50 8.96 -8.46 -18.88 -10.41 -6.70 -3.03 1.20 12.72 14.67 2.07 9.30
EPS in Rs 1.24 1.18 2.35 -2.22 -4.96 -2.75 -1.72 -0.80 0.27 3.30 3.56 0.50 2.07
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
50 122 141 78 124 222 194 273 229 260 110 305 371
54 124 146 101 140 182 161 207 173 194 129 263 310
Operating Profit -4 -2 -6 -24 -16 41 33 67 55 66 -19 42 61
OPM % -9% -2% -4% -30% -13% 18% 17% 24% 24% 25% -17% 14% 16%
6 2 6 27 21 -7 1 -3 -7 3 -1 6 5
Interest 3 9 9 11 8 6 6 3 1 1 2 2 3
Depreciation 9 14 18 18 15 17 19 20 23 28 22 17 17
Profit before tax -10 -23 -27 -25 -18 10 9 41 25 41 -45 29 46
Tax % -1% 0% 0% 7% 1% 2% 1% 28% 8% 5% -0% 11%
-10 -23 -27 -27 -18 10 9 29 23 39 -44 26 39
EPS in Rs -6.71 -10.50 -12.10 -12.12 -6.98 2.71 2.39 7.68 5.93 10.19 -11.65 6.22 9.43
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 10%
TTM: 149%
Compounded Profit Growth
10 Years: 12%
5 Years: 19%
3 Years: -7%
TTM: 312%
Stock Price CAGR
10 Years: 26%
5 Years: 30%
3 Years: 40%
1 Year: 48%
Return on Equity
10 Years: 3%
5 Years: 9%
3 Years: 4%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 15 22 22 22 26 38 38 38 38 38 38 41 45
Reserves 57 43 15 -12 56 102 114 144 166 204 162 237 283
27 47 70 110 83 28 10 0 4 8 21 22 12
21 61 43 50 45 84 56 126 140 88 76 84 98
Total Liabilities 120 173 150 171 209 252 218 308 348 338 297 384 438
38 117 106 95 83 100 87 90 132 112 96 112 106
CWIP 4 8 0 0 0 0 0 0 0 0 0 1 2
Investments 6 0 0 0 0 0 0 0 0 6 20 12 32
72 48 44 75 126 152 132 218 216 220 181 259 299
Total Assets 120 173 150 171 209 252 218 308 348 338 297 384 438

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-11 15 -8 -1 -18 27 27 89 -7 48 -3 -50
-3 -45 -12 -2 -4 -29 -19 -11 -33 -49 -18 -9
5 30 18 9 42 -17 -15 -17 1 6 10 50
Net Cash Flow -9 -0 -2 5 20 -19 -7 61 -39 5 -11 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 112 33 49 202 81 101 112 118 199 156 354 163
Inventory Days
Days Payable
Cash Conversion Cycle 112 33 49 202 81 101 112 118 199 156 354 163
Working Capital Days 219 33 -31 -208 20 34 58 -21 64 103 204 119
ROCE % -7% -12% -16% -11% -19% 16% 10% 29% 19% 18% -15% 13%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.61% 59.61% 59.61% 59.62% 59.62% 61.45% 63.07% 63.07% 61.38% 58.52% 58.52% 60.97%
0.08% 0.12% 0.11% 0.21% 0.05% 0.01% 0.00% 0.05% 3.95% 4.27% 3.15% 2.24%
40.09% 39.26% 39.28% 39.18% 39.33% 37.53% 35.93% 35.87% 33.68% 36.54% 37.79% 36.36%
0.21% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 0.98% 0.66% 0.54% 0.43%
No. of Shareholders 19,75921,84323,07223,58624,40722,60819,82017,46016,64716,52418,81818,997

* 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

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