Aban Offshore Ltd

Aban Offshore Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Aban Offshore Ltd

₹ 62.1 2.27%
22 Nov 3:43 p.m.
abanoffshore.com BSE: 523204 NSE: ABAN
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'.

Website BSE NSE
  • Market Cap ₹ 363 Cr.
  • Current Price ₹ 62.1
  • High / Low ₹ 93.5 / 48.5
  • Stock P/E 32.2
  • Book Value ₹ -170
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -19.3% over past five years.
  • Contingent liabilities of Rs.1,653 Cr.
  • Earnings include an other income of Rs.183 Cr.
  • Company has high debtors of 342 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

Sector: Crude Oil & Natural Gas Industry: Oil Drilling / Allied Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
21 20 21 21 22 18 15 24 17 20 29 27 39
10 9 52 25 32 17 101 68 48 78 83 14 8
Operating Profit 11 11 -31 -4 -10 0 -86 -44 -31 -58 -54 12 31
OPM % 52% 55% -151% -17% -46% 2% -582% -185% -182% -293% -183% 47% 79%
2 2 7 2 96 2 5 3 2 2 3 19 158
Interest 20 20 20 20 17 16 16 16 16 16 16 16 16
Depreciation 10 10 10 10 10 10 8 10 10 10 10 10 10
Profit before tax -17 -16 -54 -31 58 -23 -105 -67 -55 -82 -76 6 164
Tax % 14% 15% -3% -8% 14% 6% 4% 5% 0% 1% 0% 5% -0%
-19 -19 -52 -28 50 -25 -109 -70 -55 -82 -76 6 164
EPS in Rs -3.32 -3.19 -8.93 -4.87 8.57 -4.25 -18.75 -11.96 -9.37 -14.08 -13.09 0.98 28.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
797 820 760 1,014 887 592 263 241 156 81 76 90 115
464 436 378 371 319 309 199 4,872 334 86 178 277 184
Operating Profit 333 384 381 643 568 282 64 -4,632 -178 -5 -102 -187 -69
OPM % 42% 47% 50% 63% 64% 48% 24% -1,925% -114% -6% -134% -207% -60%
32 44 58 68 53 60 156 9 66 24 106 10 183
Interest 330 178 93 121 120 113 109 96 82 79 69 64 64
Depreciation 49 42 81 150 154 161 154 161 61 41 38 39 39
Profit before tax -14 208 266 440 347 68 -43 -4,879 -254 -100 -104 -279 12
Tax % -12% 13% 28% 34% 39% 87% 61% -9% -9% 5% 11% 1%
-13 180 191 290 211 9 -69 -4,457 -231 -106 -115 -283 11
EPS in Rs -2.90 41.46 33.00 49.71 36.18 1.47 -11.88 -763.71 -39.63 -18.12 -19.70 -48.48 1.92
Dividend Payout % -124% 9% 11% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -20%
5 Years: -19%
3 Years: -17%
TTM: 57%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -2%
TTM: 104%
Stock Price CAGR
10 Years: -20%
5 Years: 17%
3 Years: 5%
1 Year: 20%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 9 9 12 12 12 12 12 12 12 12 12 12 12
Reserves 1,722 1,851 2,850 3,864 4,076 4,087 4,018 -439 -671 -777 -892 -1,175 -1,006
2,002 1,434 1,246 1,095 942 884 841 820 762 760 674 677 677
486 646 616 941 872 900 956 801 855 854 891 930 787
Total Liabilities 4,219 3,939 4,724 5,911 5,902 5,882 5,827 1,194 957 849 684 444 470
584 836 957 1,954 1,803 1,684 1,529 354 173 127 74 36 17
CWIP 20 0 19 0 9 0 6 0 0 0 0 0 0
Investments 2,730 2,549 2,616 2,618 2,620 2,620 3,547 13 13 13 13 13 13
885 554 1,133 1,339 1,470 1,579 745 827 771 709 597 395 441
Total Assets 4,219 3,939 4,724 5,911 5,902 5,882 5,827 1,194 957 849 684 444 470

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
341 425 368 346 317 112 171 211 102 20 23 -5
786 379 -276 -44 -23 -52 -935 -139 -70 -1 59 4
-1,107 -776 -143 -294 -301 -52 793 -21 5 -7 -83 1
Net Cash Flow 20 28 -51 8 -7 9 28 51 36 12 -1 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 103 130 137 167 188 309 672 775 780 1,396 1,386 342
Inventory Days
Days Payable
Cash Conversion Cycle 103 130 137 167 188 309 672 775 780 1,396 1,386 342
Working Capital Days 90 -122 169 120 206 172 -869 -1,275 -2,400 -1,755 -2,294 -2,934
ROCE % 8% 11% 10% 12% 9% 4% 1% -182% -83% -64%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
46.00% 46.00% 46.00% 46.00% 46.00% 46.00% 46.00% 46.00% 46.00% 46.00% 46.00% 46.00%
0.09% 0.08% 0.10% 0.11% 0.09% 0.17% 0.12% 0.08% 0.09% 0.43% 0.08% 0.12%
1.86% 1.87% 1.87% 1.86% 1.86% 1.86% 1.86% 1.86% 1.71% 1.71% 1.71% 1.71%
52.05% 52.06% 52.03% 52.04% 52.05% 51.98% 52.02% 52.06% 52.20% 51.87% 52.21% 52.18%
No. of Shareholders 1,16,3031,15,0861,15,0201,12,9941,10,2551,08,2021,06,2241,04,2221,02,0271,01,56898,35995,600

* 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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