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Asian Energy Service

₹291.4 9.2 | 3.3%

Market Cap ₹1193 Cr.

Stock P/E 43.8

P/B 4.3

Current Price ₹291.4

Book Value ₹ 68

Face Value 10

52W High ₹344.5

Dividend Yield 0%

52W Low ₹ 90.5

Asian Energy Service Research see more...

Overview Inc. Year: 1992Industry: Oil Exploration

Asian Energy Services Ltd offers offerings to power and minerals zone in India and the world over. It gives offerings, such as 2D/3-D land seismic acquisition, transition sector acquisition, on-site data processing, borehole and multiclient seismic, seismic consulting and interpretation, and wireless seismic and records acquisition in real time. The agency additionally operates and continues onshore and offshore oil and fuel centres; and presents design, drilling control, fracturing, and of completion solutions for vertical or directionally drilled wells. In addition, it offers numerous facilities, inclusive of floating oil manufacturing units; floating, production, garage, and offloading; cell oil manufacturing units; and onshore oil and fuel terminals. The organisation turned into formerly known as Asian Oilfield Services Ltd and changed its call to Asian Energy Services Ltd in October 2020. The corporation turned into included in 1992 and is primarily based in Mumbai, India. Asian Energy Services Ltd is a subsidiary of Oilmax Energy Pvt Ltd.

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Asian Energy Service Share Price

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Asian Energy Service Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 70 62 27 25 29 29 46 45 95 119
Other Income 1 1 1 1 1 2 3 2 1 1
Total Income 71 62 29 26 30 30 49 48 95 120
Total Expenditure 58 45 33 32 32 32 47 42 80 94
Operating Profit 13 17 -4 -7 -2 -2 1 6 16 25
Interest 0 0 0 1 1 0 0 0 1 1
Depreciation 7 7 6 6 5 5 4 4 4 4
Exceptional Income / Expenses 0 0 0 -6 0 0 0 0 -0 -2
Profit Before Tax 6 10 -10 -19 -9 -7 -3 1 11 19
Provision for Tax 2 1 -2 -0 2 0 0 0 -2 5
Profit After Tax 4 9 -8 -19 -11 -7 -3 1 13 14
Adjustments 0 0 -0 0 0 0 0 0 1 0
Profit After Adjustments 4 9 -8 -19 -10 -7 -3 1 14 15
Adjusted Earnings Per Share 1.2 2.4 -2.2 -5 -2.8 -1.7 -0.8 0.3 3.6 3.6

Asian Energy Service Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 55 122 141 78 124 222 194 273 229 260 110 305
Other Income 6 3 7 29 4 4 4 3 5 3 4 7
Total Income 62 125 147 106 128 226 198 277 234 263 114 312
Total Expenditure 59 124 146 103 143 182 161 207 173 194 129 263
Operating Profit 3 1 1 3 -14 44 37 70 61 69 -15 48
Interest 3 9 9 11 8 6 6 3 1 1 2 2
Depreciation 9 14 18 18 15 17 19 20 23 28 22 16
Exceptional Income / Expenses -1 -1 -0 0 19 -10 -3 -7 -12 0 -6 -2
Profit Before Tax -10 -23 -27 -25 -18 11 9 41 25 41 -45 28
Provision for Tax -0 0 0 2 0 0 0 11 2 2 -0 3
Profit After Tax -10 -23 -27 -27 -18 10 9 29 23 39 -44 25
Adjustments 0 0 0 0 0 -0 0 0 0 0 0 1
Profit After Adjustments -10 -23 -27 -27 -18 10 9 29 23 39 -44 27
Adjusted Earnings Per Share -6.7 -10.5 -12.1 -12.1 -7 2.7 2.4 7.8 6 10.3 -11.8 6.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -58% -26% -13% 7%
Operating Profit CAGR -122% NAN% NAN% NAN%
PAT CAGR -213% NAN% NAN% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 184% 44% 31% 17%
ROE Average -20% 3% 7% -23%
ROCE Average -18% 4% 10% 0%

Asian Energy Service Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 72 65 37 10 82 141 152 181 203 242 199
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 30 18 9 14 0 0 2 3 3
Other Non-Current Liabilities 2 36 20 0 0 0 0 3 1 2 2
Total Current Liabilities 46 71 63 143 119 98 66 123 142 92 92
Total Liabilities 120 173 150 171 209 252 218 308 348 338 297
Fixed Assets 38 117 106 95 83 100 87 90 132 112 96
Other Non-Current Assets 7 10 12 11 38 14 14 28 12 16 24
Total Current Assets 75 45 32 64 88 138 118 190 204 210 177
Total Assets 120 173 150 171 209 252 218 308 348 338 297

Asian Energy Service Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 13 4 4 2 7 27 8 1 62 23 28
Cash Flow from Operating Activities -9 15 -8 -1 -18 27 27 89 -7 48 -3
Cash Flow from Investing Activities -4 -45 -12 -3 -4 -29 -20 -11 -32 -50 -19
Cash Flow from Financing Activities 5 30 18 9 42 -17 -15 -17 1 6 10
Net Cash Inflow / Outflow -9 -0 -2 5 19 -19 -9 60 -38 4 -12
Closing Cash & Cash Equivalent 4 4 2 7 27 8 1 62 23 28 17

Asian Energy Service Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -6.72 -10.49 -12.1 -12.12 -6.98 2.71 2.39 7.76 5.99 10.3 -11.77
CEPS(Rs) -0.96 -4.16 -3.99 -4.16 -1.18 7.18 7.5 12.97 12.18 17.64 -5.96
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 47.14 29.12 16.66 4.51 12.96 36.81 39.66 48 53.76 64.14 52.9
Core EBITDA Margin(%) -6.02 -2.04 -3.91 -32.26 -14.7 18.31 16.96 24.36 24.25 25.47 -17.07
EBIT Margin(%) -13 -11.44 -12.44 -18.43 -8.3 7.58 7.69 15.92 11.03 15.92 -38.29
Pre Tax Margin(%) -18.76 -19.22 -19.15 -32.45 -14.48 4.73 4.74 14.88 10.71 15.61 -40.53
PAT Margin (%) -18.59 -19.23 -19.18 -34.84 -14.64 4.64 4.69 10.7 9.87 14.9 -40.42
Cash Profit Margin (%) -2.67 -7.62 -6.32 -11.95 -2.47 12.3 14.72 17.9 20.06 25.53 -20.44
ROA(%) -8.79 -15.99 -16.75 -16.89 -9.58 4.46 3.86 11.11 6.88 11.31 -14
ROE(%) -13.32 -34.14 -52.86 -114.5 -83.01 11.85 6.25 17.62 11.77 17.47 -20.15
ROCE(%) -7.13 -13.19 -16.01 -12.59 -7.25 10.18 9.08 25.33 13.03 18.23 -18
Receivable days 111.63 39.35 38.67 145.15 103.38 73.19 113.92 98.52 169.73 165.39 361.94
Inventory Days 30.97 15.18 10.41 22.27 10.63 2.83 2.42 0.47 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 0 0 0 0 0 69.11 27.09 8.9 15.24 11.09 0
Price/Book(x) 0.4 2.39 1.87 6.69 17.94 5.08 1.63 1.44 1.7 1.78 2.08
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.69 1.58 0.97 2.16 5.31 3.21 1.19 0.65 1.41 1.49 3.69
EV/Core EBITDA(x) 12.78 194.68 131.42 48.4 -45.88 16.13 6.28 2.54 5.3 5.6 -27.69
Net Sales Growth(%) 22.13 120 15.6 -44.85 60.06 78.76 -12.77 40.91 -16.24 13.85 -57.79
EBIT Growth(%) 34.08 -93.58 -25.68 18.32 27.91 263.29 -11.54 191.85 -41.99 64.42 -201.5
PAT Growth(%) -13.85 -127.57 -15.29 -0.17 32.71 156.6 -11.68 221.24 -22.79 71.95 -214.51
EPS Growth(%) -13.85 -56.21 -15.29 -0.17 42.39 138.75 -11.66 224.49 -22.79 71.95 -214.29
Debt/Equity(x) 0.38 0.72 1.88 10.94 2.45 0.18 0.07 0 0.01 0.03 0.1
Current Ratio(x) 1.64 0.64 0.5 0.45 0.74 1.42 1.78 1.54 1.44 2.29 1.92
Quick Ratio(x) 1.52 0.58 0.44 0.41 0.73 1.4 1.77 1.54 1.44 2.29 1.92
Interest Cover(x) -2.26 -1.47 -1.85 -1.31 -1.34 2.66 2.6 15.25 35.36 51.26 -17.09
Total Debt/Mcap(x) 0.94 0.3 1.01 1.64 0.14 0.04 0.04 0 0.01 0.02 0.05

Asian Energy Service Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 59.61 59.61 59.61 59.61 59.61 61.45 63.07 63.07 61.38 58.52
FII 0.08 0.12 0.11 0.21 0.05 0.01 0 0.05 3.95 4.27
DII 0 0 0 0 0 0 0 0 0 0
Public 40.3 40.26 40.28 40.17 40.34 38.54 36.93 36.88 34.67 37.21
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 3% over the last 3 years.
  • Stock is trading at 4.3 times its book value.

* 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.

Asian Energy Service News

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