Asian Energy Services Ltd

Asian Energy Services Ltd

₹ 380 1.79%
26 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 1,699 Cr.
  • Current Price 380
  • High / Low 444 / 230
  • Stock P/E 39.6
  • Book Value 73.2
  • Dividend Yield 0.00 %
  • ROCE 12.9 %
  • ROE 12.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Promoter holding has increased by 2.45% over last quarter.
  • Company's median sales growth is 80.6% of last 10 years

Cons

  • Stock is trading at 5.20 times its book value
  • Company has a low return on equity of 10.1% over last 3 years.
  • Company has high debtors of 154 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

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 63.67 61.88 27.44 24.93 28.89 28.61 46.02 45.48 94.83 118.73 60.19 97.72
37.36 53.45 44.66 30.42 30.62 30.07 29.72 47.17 41.34 79.27 93.83 53.54 81.03
Operating Profit 14.27 10.22 17.22 -2.98 -5.69 -1.18 -1.11 -1.15 4.14 15.56 24.90 6.65 16.69
OPM % 27.64% 16.05% 27.83% -10.86% -22.82% -4.08% -3.88% -2.50% 9.10% 16.41% 20.97% 11.05% 17.08%
11.49 0.76 0.61 1.09 -1.41 0.56 1.52 2.73 0.56 0.63 0.64 1.27 0.84
Interest 0.19 0.16 0.23 0.23 0.77 1.07 0.41 0.43 0.46 0.51 0.38 0.84 0.44
Depreciation 4.19 4.21 4.63 4.66 4.69 4.73 3.69 3.58 3.56 3.59 3.71 3.67 3.62
Profit before tax 21.38 6.61 12.97 -6.78 -12.56 -6.42 -3.69 -2.43 0.68 12.09 21.45 3.41 13.47
Tax % 3.55% 23.90% 8.71% -29.35% -1.04% 30.53% 0.00% 0.00% 0.00% -12.08% 21.31% 27.86% 26.13%
20.61 5.03 11.83 -4.78 -12.43 -8.38 -3.69 -2.44 0.68 13.56 16.90 2.46 9.95
EPS in Rs 5.41 1.32 3.11 -1.26 -3.26 -2.20 -0.97 -0.64 0.17 3.48 4.13 0.60 2.22
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
54 18 1 9 43 96 157 64 141 254 110 305 371
56 36 13 29 43 100 146 46 108 185 121 262 308
Operating Profit -3 -18 -11 -20 0 -4 11 18 33 69 -11 43 64
OPM % -5% -99% -820% -214% 0% -4% 7% 28% 24% 27% -10% 14% 17%
5 8 7 4 11 -3 5 3 3 14 2 5 3
Interest 3 7 6 5 5 6 5 3 1 1 2 2 2
Depreciation 9 8 6 6 5 7 9 13 14 17 18 14 15
Profit before tax -9 -25 -17 -28 1 -21 2 5 22 65 -29 32 50
Tax % -1% 0% 0% 7% 20% 0% 0% 0% 0% 3% -1% 10%
-9 -25 -17 -29 1 -21 2 5 22 63 -29 29 43
EPS in Rs -6.10 -11.20 -7.51 -13.17 0.31 -5.43 0.43 1.23 5.68 16.49 -7.69 7.01 10.43
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 33%
5 Years: 14%
3 Years: 29%
TTM: 149%
Compounded Profit Growth
10 Years: 12%
5 Years: 65%
3 Years: -2%
TTM: 410%
Stock Price CAGR
10 Years: 25%
5 Years: 30%
3 Years: 43%
1 Year: 36%
Return on Equity
10 Years: 4%
5 Years: 12%
3 Years: 10%
Last Year: 12%

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 15 22 22 22 26 38 38 38 38 38 38 41 45
Reserves 59 42 24 -5 81 96 99 101 123 184 156 236 283
27 43 23 27 52 17 10 0 11 17 27 25 14
19 11 11 36 14 78 38 29 75 32 32 75 88
Total Liabilities 120 118 80 80 174 229 184 168 247 271 252 377 429
32 25 18 25 33 60 53 68 109 103 90 109 104
CWIP 2 0 0 0 0 0 0 0 0 0 0 1 2
Investments 6 0 6 6 7 7 7 7 7 13 26 16 34
80 92 56 49 134 163 125 93 131 156 136 250 290
Total Assets 120 118 80 80 174 229 184 168 247 271 252 377 429

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
-12 -1 -4 -13 -29 8 0 5 17 56 3 -50
-3 -29 27 17 -73 -16 6 16 -16 -39 -19 -8
5 27 -23 3 102 5 -8 -18 1 4 6 48
Net Cash Flow -9 -3 -0 7 -1 -4 -2 3 2 22 -10 -9

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 137 246 1,668 390 190 192 97 128 153 74 218 154
Inventory Days
Days Payable
Cash Conversion Cycle 137 246 1,668 390 190 192 97 128 153 74 218 154
Working Capital Days 268 1,481 8,169 -285 615 171 92 104 94 92 203 120
ROCE % -5% -18% -12% -37% -1% -3% 5% 11% 20% 32% -11% 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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