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Aakash Exploration Overview

Aakash Exploration Services Limited was established on January 17, 2007, is an ISO-certified entity based in Ahmedabad Gujarat, specializing in oil and gas field services. With a paid-up capital of INR 10.12 cr, Aakash Exploration has been a consistent service provider to giants like ONGC and has extended its services to private operators such as GSPCL, Cairn, and Essar. Under the leadership of directors like Krunal Pravin Haria, the company has seen a significant net profit increase of 318.75% for the period ending March 2022. Aakash Explorati...Read More

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Aakash Exploration Key Financials

Market Cap ₹83 Cr.

Stock P/E 45.1

P/B 1.3

Current Price ₹8.2

Book Value ₹ 6.1

Face Value 1

52W High ₹13.8

Dividend Yield 0%

52W Low ₹ 7.1

Aakash Exploration Share Price

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Volume
Price

Aakash Exploration Quarterly Price

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Aakash Exploration Peer Comparison

Aakash Exploration Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 16 18 22 21 19 27 26 24 25 31
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 16 18 22 22 20 27 26 24 25 31
Total Expenditure 12 15 18 17 16 23 23 21 22 27
Operating Profit 4 4 4 5 3 4 3 3 3 4
Interest 0 0 0 0 0 0 1 1 1 0
Depreciation 1 2 2 2 1 2 2 2 2 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 2 2 3 2 2 0 1 0 1
Provision for Tax 1 0 0 1 0 0 0 0 0 0
Profit After Tax 2 1 1 2 1 1 0 1 0 1
Adjustments 0 0 0 0 0 0 -0 0 0 0
Profit After Adjustments 2 1 1 2 1 1 0 1 0 1
Adjusted Earnings Per Share 0.2 0.1 0.1 0.2 0.1 0.1 0 0.1 0 0.1

Aakash Exploration Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 23 25 34 41 52 67 60 77 93 92 98 106
Other Income 0 1 0 0 2 1 1 1 1 1 2 0
Total Income 23 26 34 41 54 68 60 77 94 93 100 106
Total Expenditure 19 21 27 33 44 53 47 62 79 75 88 93
Operating Profit 4 5 7 8 10 16 13 16 15 18 12 13
Interest 1 1 1 1 1 3 2 1 2 2 2 3
Depreciation 2 3 4 3 4 6 6 6 7 8 7 9
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 1 2 3 5 7 6 8 6 8 3 2
Provision for Tax 1 0 1 1 2 2 1 2 2 2 1 0
Profit After Tax 1 0 1 2 3 5 4 6 5 6 2 2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 0 1 2 3 5 4 6 5 6 2 2
Adjusted Earnings Per Share 0 0 0 0 0.3 0.5 0.4 0.6 0.4 0.6 0.2 0.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 7% 8% 8% 16%
Operating Profit CAGR -33% -9% -6% 12%
PAT CAGR -67% -31% -17% 7%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 3% 8% -11% NA%
ROE Average 3% 8% 10% 10%
ROCE Average 5% 10% 11% 12%

Aakash Exploration Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 7 16 17 19 33 37 41 48 52 59 60
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 4 9 10 16 22 13 8 3 5 6 0
Other Non-Current Liabilities -1 -1 -1 -1 -0 0 1 1 1 2 3
Total Current Liabilities 14 7 7 9 9 16 15 19 24 27 33
Total Liabilities 25 31 33 44 63 67 66 71 83 94 96
Fixed Assets 13 17 19 18 39 45 42 46 63 59 61
Other Non-Current Assets 1 2 1 2 3 3 3 1 3 2 5
Total Current Assets 12 11 13 24 21 19 21 24 17 33 30
Total Assets 25 31 33 44 63 67 66 71 83 94 96

Aakash Exploration Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 4 3 1 1 0 1 0 1 1
Cash Flow from Operating Activities 4 5 5 -0 14 18 14 10 18 10 8
Cash Flow from Investing Activities -9 -8 -6 -2 -15 -12 -6 -7 -24 -10 -4
Cash Flow from Financing Activities 6 6 -1 0 0 -6 -7 -3 6 -0 -4
Net Cash Inflow / Outflow 0 4 -1 -2 -0 -0 1 -1 1 -0 -0
Closing Cash & Cash Equivalent 1 4 3 1 1 0 1 0 1 1 0

Aakash Exploration Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0 0 0 0 0.33 0.48 0.41 0.6 0.45 0.61 0.18
CEPS(Rs) 1.06 0.51 0.67 0.76 0.72 1.1 0.99 1.22 1.14 1.36 0.89
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0 0 0 0 3.23 3.69 4.1 4.72 5.17 5.78 5.96
Core EBITDA Margin(%) 17.58 17.24 19.69 18.74 15.02 22.18 21.33 19.93 14.42 18.56 10.3
EBIT Margin(%) 9.99 6.67 8.81 11.29 11.71 13.78 12.4 12.46 8.44 11.01 4.61
Pre Tax Margin(%) 6.57 2.86 4.93 7.94 9.34 9.98 9.29 10.68 6.63 9.08 2.6
PAT Margin (%) 4.4 1.78 3.23 5.7 6.41 7.18 6.92 7.96 4.9 6.73 1.87
Cash Profit Margin (%) 13.74 15.26 14.76 13.81 14.01 16.44 16.83 16.1 12.48 14.92 9.18
ROA(%) 5.27 1.6 3.42 6.08 6.21 7.48 6.25 8.95 5.88 6.99 1.93
ROE(%) 16.18 3.91 6.6 12.87 12.73 13.83 10.49 13.72 9.07 11.2 3.1
ROCE(%) 14.17 6.77 9.75 12.98 12.17 15.4 12.28 15.51 11.14 12.64 5.39
Receivable days 101.43 112.28 83.16 123.07 131.51 96.8 98.52 85.87 72.22 79.03 85.83
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Payable days 51.34 100.92 112.27 107.67 79.6 103.17 226.28 142.57 104.35 123.17 136.5
PER(x) 0 0 0 0 3.67 6.93 31.82 41.1 13.28 14.93 41.09
Price/Book(x) 0 0 0 0 0.37 0.9 3.17 5.27 1.15 1.58 1.25
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.63 0.57 0.49 0.6 0.75 0.84 2.49 3.48 0.9 1.27 1.01
EV/Core EBITDA(x) 3.27 2.81 2.4 3.08 3.86 3.65 11.14 16.88 5.61 6.64 8.43
Net Sales Growth(%) 66.05 8.06 34.84 21.97 26.15 30.59 -11.42 28.61 20.42 -0.37 6.46
EBIT Growth(%) 83.24 -27.83 78.09 56.25 30.92 53.64 -20.32 29.23 -18.39 29.98 -55.42
PAT Growth(%) 105.43 -56.31 144.89 115.16 41.81 46.23 -14.59 48 -25.9 36.81 -70.34
EPS Growth(%) 0 0 0 0 3.99 46.23 -14.59 48 -25.9 36.81 -70.34
Debt/Equity(x) 1.94 0.83 0.85 1.06 0.83 0.63 0.44 0.34 0.46 0.44 0.39
Current Ratio(x) 0.83 1.73 1.72 2.62 2.44 1.23 1.33 1.25 0.71 1.21 0.91
Quick Ratio(x) 0.83 1.73 1.72 2.62 2.44 1.23 1.33 1.25 0.71 1.21 0.91
Interest Cover(x) 2.93 1.75 2.27 3.37 4.94 3.62 3.98 7 4.66 5.71 2.3
Total Debt/Mcap(x) 0 0 0 0 2.22 0.71 0.14 0.06 0.4 0.28 0.31

Aakash Exploration Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 66.67 66.67 66.67 66.67 66.67 66.54 66.54 66.54 66.54 66.54
FII 0.06 0.03 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 33.27 33.3 33.32 33.33 33.33 33.46 33.46 33.46 33.46 33.46
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Aakash Exploration News

Aakash Exploration Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 8% over the last 3 years.
  • Debtor days have increased from 123.17 to 136.5days.
  • The company has delivered a poor profit growth of -16% over past five years.
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