Aban Offshore Ltd

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

Aban Offshore Ltd

₹ 68.8 1.88%
03 Jul 10:39 a.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 - BE
  • Market Cap ₹ 402 Cr.
  • Current Price ₹ 68.8
  • High / Low ₹ 93.5 / 39.0
  • Stock P/E
  • Book Value ₹ -4,090
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 2.00
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Pros

  • Debtor days have improved from 227 to 127 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -14.0% over past five years.
  • Contingent liabilities of Rs.1,481 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
265 193 140 137 128 150 95 79 73 105 63 94 137
1,365 139 120 138 1,181 165 110 84 166 147 104 134 170
Operating Profit -1,101 54 20 -2 -1,053 -15 -15 -5 -93 -42 -40 -39 -33
OPM % -416% 28% 14% -1% -820% -10% -16% -7% -128% -40% -63% -42% -24%
109 11 48 2 8 92 103 11 18 14 12 12 10
Interest 266 273 277 279 269 277 270 275 287 276 265 274 277
Depreciation 47 37 38 36 34 12 12 12 11 21 23 22 31
Profit before tax -1,305 -245 -247 -315 -1,347 -212 -194 -282 -373 -325 -316 -324 -330
Tax % 2% -4% -1% -4% 0% -1% -7% -2% -2% -2% -0% -1% -3%
-1,283 -256 -248 -327 -1,345 -213 -208 -287 -381 -333 -318 -327 -340
EPS in Rs -219.85 -43.93 -42.50 -56.06 -230.51 -36.47 -35.56 -49.24 -65.21 -57.10 -54.43 -55.99 -58.28
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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
3,673 3,936 4,041 3,335 1,758 1,467 848 974 1,069 598 397 400
1,686 1,732 1,662 1,443 851 2,053 4,369 8,340 2,018 1,580 528 554
Operating Profit 1,987 2,204 2,379 1,892 907 -586 -3,520 -7,365 -949 -982 -131 -154
OPM % 54% 56% 59% 57% 52% -40% -415% -756% -89% -164% -33% -39%
26 31 44 21 15 14 113 13 257 69 225 48
Interest 1,188 1,141 1,091 1,038 1,090 1,282 1,137 1,203 1,106 1,097 1,110 1,092
Depreciation 491 548 598 902 701 665 675 845 195 145 47 97
Profit before tax 333 546 734 -27 -870 -2,518 -5,220 -9,401 -1,992 -2,154 -1,063 -1,296
Tax % 43% 28% 26% -806% -20% -4% -1% 5% 1% -1% -3% -2%
194 393 545 -241 -1,041 -2,606 -5,273 -8,973 -1,973 -2,177 -1,091 -1,318
EPS in Rs 44.55 90.33 94.35 -41.30 -178.33 -446.58 -903.52 -1,537.32 -337.96 -373.01 -186.88 -225.79
Dividend Payout % 8% 4% 4% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -20%
5 Years: -14%
3 Years: -28%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 10%
TTM: -11%
Stock Price CAGR
10 Years: -22%
5 Years: 12%
3 Years: 15%
1 Year: 67%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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
Equity Capital 9 9 12 12 12 12 12 12 12 12 12 12
Reserves 2,994 3,837 5,403 3,682 2,624 7 -5,320 -15,332 -16,834 -19,524 -22,308 -23,884
Preference Capital 281 281 281 0 0 0 0 0 0 0 0
13,647 14,561 14,060 14,716 14,005 13,740 14,351 15,688 15,185 15,249 15,135 15,308
1,539 1,640 1,499 1,820 2,087 3,179 4,615 5,643 6,257 7,232 8,902 10,079
Total Liabilities 18,189 20,047 20,973 20,229 18,728 16,938 13,657 6,011 4,619 2,968 1,740 1,515
16,409 17,866 18,363 17,197 16,203 14,369 11,262 4,052 3,191 704 693 669
CWIP 20 0 19 0 9 0 6 0 0 0 0 0
Investments 6 8 13 16 27 27 26 23 23 23 23 22
1,753 2,173 2,578 3,016 2,488 2,542 2,363 1,935 1,405 2,241 1,024 824
Total Assets 18,189 20,047 20,973 20,229 18,728 16,938 13,657 6,011 4,619 2,968 1,740 1,515

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
2,023 2,992 -664 1,299 1,802 396 978 -976 679 -434 130 -72
-952 -1,425 -921 -845 257 -68 -1,590 -636 11 206 1,400 -11
-1,017 -1,565 1,559 -452 -2,102 -319 656 1,635 -620 253 -1,470 -22
Net Cash Flow 54 2 -26 3 -43 9 44 23 70 26 61 -105

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 108 119 144 254 385 466 479 411 184 255 301 127
Inventory Days 878
Days Payable 3,050
Cash Conversion Cycle 108 119 144 254 385 466 479 411 184 255 301 -2,045
Working Capital Days -140 -235 23 18 -271 -3,450 -6,962 -7,300 -6,901 -3,913 -7,629 -8,727
ROCE % 9% 9% 10% 5% 1% -8% -36% -174%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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% 0.09% 0.09% 0.08% 0.10% 0.11% 0.09% 0.17% 0.12% 0.08% 0.09% 0.43%
1.87% 1.86% 1.86% 1.87% 1.87% 1.86% 1.86% 1.86% 1.86% 1.86% 1.71% 1.71%
52.05% 52.05% 52.05% 52.06% 52.03% 52.04% 52.05% 51.98% 52.02% 52.06% 52.20% 51.87%
No. of Shareholders 1,17,1111,17,5291,16,3031,15,0861,15,0201,12,9941,10,2551,08,2021,06,2241,04,2221,02,0271,01,568

* 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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Documents

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