Fin Cascade

Prices as of 9 Oct 2026 close · Not investment advice

Asian Energy Services Limited

NSE: ASIANENEOil Equipment & Services

Share price

₹450.10

-2.04% close of 9 Oct 2026

Market cap ₹2,025 CrP/E 31.2

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

64

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹2,025 Cr

P/E ratio

31.2

P/B ratio

4.1

ROCE

16.3%

ROE

12.8%

Dividend yield

0.3%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹553.5552-week low ₹233.95

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Mar 2017 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Mar 2017 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 31.2× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 8.6×, across 5 companies. It is against its own five-year median of 31.3×, the 49th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.6 times its growth rate, on earnings growth of 52%.

Profit growthPrice per ₹1 profitPer 1% growth
Asian Energy Services Limited — this one52%/yr31.2×₹0.60
Indian Oil Corporation62%/yr5.2×₹0.08
Bharat Petroleum Corporation107%/yr7.9×—
GAIL India10%/yr11.1×₹1.1
Oil India-9%/yr8.6×—
Hindustan Petroleum Corporation Limited66%/yr41.5×₹0.63

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies across the whole Oil, Gas & Consumable Fuels sector, it ranks 19 of 46 on returns, 13 of 43 on growth, 27 of 47 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 16.3% on capital, ahead of 59% of companies across its whole sector. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹21 crore of cash from the business but spent ₹152 crore on plant and equipment, ₹131 crore more than it made; the gap was from lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 114 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back more slowly than it used to: it went from being waiting 95 days for its cash to waiting 106 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 10 checks clear · 80%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue rose 136% year on year, while net profit fell 61% from the previous quarter.

Announced 13 Aug 2026 · Consolidated · Unaudited

Revenue

₹271 Cr

Revenue vs last year

+135.8%

Revenue vs last quarter

-19.8%

Net profit

₹13 Cr

Profit vs last year

+112.6%

Profit vs last quarter

-61.3%

Net margin

4.7%

EPS

₹2.53

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹2,025 Cr
Prev close
₹450.10
52w High
₹566
52w Low
₹230
Enterprise value
₹2,037 Cr
Beta
1.1
Price CAGR 1y
47.0%
Price CAGR 3y
36.0%
Price CAGR 5y
26.0%
Price CAGR 10y
22.0%

Ratios

Return on assets
5.7%
PEG ratio
0.7
P/E ratio
31.2
P/B ratio
4.1
EV / EBITDA
19.4
Industry P/E
14.4
ROCE
16.3%
ROCE 5y average
9.6%
ROE
12.8%
Debt / Equity
0.3
Interest coverage
7.3
Dividend yield
0.3%
ROE 3y average
12.0%
ROE last year
13.0%

Annual P&L

Annual revenue
₹791 Cr
Annual profit
₹52 Cr
Operating margin
12.0%
Net profit margin
6.6%
EBITDA margin
12.0%
Sales growth 3y
93.0%
Sales growth 5y
28.1%
Profit growth 3y
52.0%
Profit growth 5y
11.0%
EPS
₹11.4
Sales growth TTM
82.0%
Profit growth TTM
42.0%
Dividend payout
11.0%

Quarter P&L

Sales latest quarter
₹271 Cr
Profit latest quarter
₹13 Cr
YoY quarterly sales growth
135.1%
YoY quarterly profit growth
116.7%
OPM latest quarter
7.8%

Balance Sheet

Book Value
₹110
Face Value
₹10.0
Total debt
₹159 Cr
Total cash
₹147 Cr
Borrowings
₹159 Cr
Reserves / Equity
10.0

Cash Flow

Operating cash flow
₹53 Cr
Free cash flow
-₹8 Cr
FCF yield
-0.9%
Net cash flow
₹89 Cr

Shareholding

Promoter holding
56.1%
FII holding
1.4%
DII holding
0.3%
Public holding
42.2%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Deep Industries795.6012.25,0770.3189.145.1278.939.816.5
Asian Energy480.1536.12,3350.2612.8115.5271.2135.116.3
Oil Country82.914320.00-15.1-71.517.4-29.0-25.4
DHP India492.1513.21480.814.73.122.69.86.0
Teja Engineering218.0022.41400.003.336.644.048.033.1
Duke Offshore94.67930.00-0.330.00.0-15.0
Median480.1517.84320.264.736.644.039.816.3

Competes with: Deep Industries Limited, Oil Country Tubular Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales464595119609892215115102235338271
Expenses4742809454827918410494207290250
Material Cost000000
Change in Inventories0.340.070.01-0.19-0.010.17
Purchases of Stock-in-Trade000000
Employee Cost8.60157.02151418
Other Expenses1758987193277231
Operating Profit-1415256151331118284821
OPM %-2.917.811621101614159.937.9412147.80
Other Income321-122343-4404
Exceptional items (within Other Income)00-5.61-0.07-2.790
Interest0011111222434
Depreciation4444444555454
Profit before tax-31111931311298-3244017
Tax %11-1324322726232848271825
Net Profit-311315298236-4183313
EPS in Rs-0.800.273.303.560.502.071.845.031.24-0.853.907.112.46
Diluted EPS in Rs5.011.23-0.873.927.082.49

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales14178124222194273229260110305465791947
Expenses146101140182161207173194129263399696842
Material Cost00
Change in Inventories0.11-0.11
Purchases of Stock-in-Trade00
Employee Cost3442
Other Expenses364654
Operating Profit-6-24-164133675566-19426695105
OPM %-3.90-30-131817242425-1714141211
Other Income62721-71-3-73-161235
Exceptional items (within Other Income)0-9.40
Interest911866311223.831113
Depreciation18181517192023282217181919
Profit before tax-27-25-18109412541-4529566978
Tax %071212885-0112525
Net Profit-27-27-18109292339-4426425259
EPS in Rs-12-12-6.982.712.397.685.9310-126.229.411113
Diluted EPS in Rs9.7711
Dividend Payout %00000000001111

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
26%
5 years
28%
3 years
93%
TTM
82%

Compounded profit growth

10 years
16%
5 years
11%
3 years
52%
TTM
42%

Stock price CAGR

10 years
22%
5 years
26%
3 years
36%
1 year
47%

Return on equity

10 years
9%
5 years
9%
3 years
12%
Last year
13%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222226383838383838414545
Reserves15-1256102114144166204162237354449
Borrowings70110832810048212224159
Other Liabilities4350458456126140887684170266
Minority Interest0.140.82
Total Liabilities150171209252218308348338297384592918
Fixed Assets1069583100879013211296112115115
CWIP0000000001346
Investments0000000620123312
Other Assets4475126152132218216220181259441746
Total Assets150171209252218308348338297384592918

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-8-1-18272789-748-3-44-3353
Cash from Investing Activity-12-2-4-29-19-11-33-49-18-14-34-88
Cash from Financing Activity18942-17-15-1716104978124
Net Cash Flow-2520-19-761-395-11-91189
Free Cash Flow-3-3-2511475-436-4-73-52-7.64

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days4920281101112118199156354163176160
Cash Conversion Cycle4920281101112118199156354163176160
Working Capital Days-90-412-1752650-21629514694137106
ROCE %-16-11-191610291918-15131616

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters636159596161616161616156
FIIs0.053.954.273.152.242.262.352.330.941.091.341.39
DIIs00000000.250.390.520.810.27
Public363437383637373638373742
Others10.980.660.540.430.190.160.070.060.060.040
No. of Shareholders17,46016,64716,52418,81818,99720,65820,91221,70121,76920,73820,28923,990

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +31.9% (₹341.25 → ₹450.10)Brick size ₹26.09 (fixed)Bricks 17
₹300₹400₹500₹450Dec '25Jul '26
Price moved up one brickPrice moved down one brickLast close ₹450.10 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2025-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

12.00inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Asian Energy Services Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Uses as raw material

  • High Speed Diesel (HSD)

Depends on the price of

  • Crude Oil Brent

Sells to

  • Coal India · Coal-handling-plant O&M / coal evacuation for Coal India subsidiaries (Eastern & South Eas…
  • GAIL India · Seismic data acquisition services (Gujarat)
  • Indian Oil Corporation · Crude oil offtake, Brent-linked pricing formula (Q4FY26 concall)
  • Oil & Natural Gas Corporation · Land/well 2D-3D seismic data acquisition services (Gujarat, HP)
  • Oil India · 2D seismic data acquisition (Rajasthan basin, Arunachal PEL, Tripura 3D)
  • Singareni Collieries Company (SCCL) · Coal evacuation & handling facility O&M, Manuguru
  • Vedanta Limited · Seismic services (Rajasthan/Cambay) + integrated O&M of Suvali oil facility (Gujarat)

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Oil, Gas & Consumable Fuels
Industry
Oil Equipment & Services
Classification
Oil, Gas & Consumable Fuels › Oil Equipment & Services
ISIN
INE276G01015

Business segments

  • Oil and Gas · 80%
  • Mineral and other energy services · 20%

News impact

Big market events that reach Asian Energy Services Limited, and how the effect spreads.

17 Sept, 21:05 IST · Market event · high impact

Oil India bets big on deepwater drilling

Oil India will spend Rs 15,000 crore drilling eight deep-sea oil wells over three years, which could grow its future output and bring orders to drilling firms, while the big spending trims its near-term cash.

Oil, Gas & Consumable FuelsCapital Goods

Who it hits first

  • Oil India will spend about Rs 15,000 crore over three years drilling eight wells in deep-sea blocks, hunting for new oil and gas reserves to grow its future output.
  • The flip side is cash: Rs 15,000 crore of spending over three years trims the money left for dividends and debt reduction until new oil actually flows, which takes years.

Who may gain

  • Drilling and oilfield-service firms that hire out rigs and well services (Deep Industries, Jindal Drilling, Asian Energy Services) stand to win tendered work from the eight-well programme.
  • Makers of seamless pipes and drilling tools could see orders if the wells need new casing and equipment.

Along the supply chain

Downstream

No near-term downstream effect: first oil from new deepwater finds is years away, so refiners and fuel sellers (Indian Oil, BPCL) see no change in crude supply or prices.

Upstream

Oil India's suppliers — drilling contractors, seismic surveyors, pipe makers and offshore support vessels — gain tender prospects from eight wells' worth of equipment and services.

Where demand moves

Business

Rs 15,000 crore of exploration spending creates fresh demand for deepwater rigs, well services, seismic surveys and pipes; contractors bid for the work while rival explorers see no change in their own order books.

Capital

Some investor money may rotate into small oilfield-service stocks on order hopes, while Oil India itself should attract growth buyers; no broad market rotation is expected from a single-company plan.

How it spreads across sectors

Capital Goods

Pipe makers (seamless and casing pipes) and drilling-tool suppliers see possible order spillover from eight wells.

Construction

Engineering and construction contractors that build drilling support infrastructure could see small tender spillover.

Oil, Gas & Consumable Fuels

Explorers mildly positive on the growth signal; oilfield services clearly positive on order hopes; refiners unaffected.

Commodity angle

Cc skip reason

no_commodity_link

When it plays out

Immediate

Oil India and oilfield-service stocks likely edge up 1-4% on sentiment within days as the market prices in growth and orders.

Medium term

Over 1-6 months, tender awards and drilling starts (plus any government drilling-cost support) set the pace; first drilling results are a year or more away.

Short term

Watch for details on blocks, tender timelines and rig contractors over 1-4 weeks; actual contractor awards decide whether service-stock gains hold.

Who it hits first

  • Dilip Buildcon adds a multi-year build-plus-operate LPG pipeline asset
  • PNGRB tariff rights give annuity-like cash flows after construction
  • Peers (PNC, GR Infra, HG Infra) re-rate on pipeline-order optimism

Who may gain

  • GAIL and Petronet gain long-term LPG logistics capacity on the east coast
  • Hindustan Petroleum and other LPG marketers get cheaper inland LPG movement

Along the supply chain

Downstream

LPG marketers and city-gas firms eventually get lower logistics cost on the Paradip-Raipur leg.

Upstream

Pipe makers and EPC suppliers gain orders as DBL procures steel pipes and compressors.

Where demand moves

Business

DBL orders pipes (Jindal Saw, Maharashtra Seamless) and construction services; on completion, LPG flows cheaper inland, aiding marketers' margins.

Capital

Money rotates into mid-cap infra builders on order-book visibility; DBL's leverage keeps large institutions cautious.

How it spreads across sectors

Construction

pipeline EPC order flow validates diversification beyond roads

Oil, Gas & Consumable Fuels

new LPG artery aids east-India supply security

When it plays out

Immediate

DBL stock extends gains; pipe and infra peers firm on sympathy.

Medium term

Annuity tariffs de-risk DBL's road-heavy book if execution stays on track.

Short term

Watch financial closure, tariff finalisation and DBL's debt funding for the build.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

17 Sep 2026unspecified₹1.25
19 Sep 2025unspecified₹1

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 3, delete 1, insert 5), 2022-09-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Sep 2022
  • bse-history fill: 1467 BSE bars before cutoff, code 530355, seam residual 0.99971× · 9 Dec 2021

Bulk & block deals

DateWhoBought / soldSharesPrice
20 May 2026JUNOMONETA FINSOL PRIVATE LIMITEDSELL2,43,602₹362.83
20 May 2026HRTI PRIVATE LIMITEDBUY2,37,027₹360.66
20 May 2026JUNOMONETA FINSOL PRIVATE LIMITEDBUY2,34,916₹361.70
20 May 2026HRTI PRIVATE LIMITEDSELL2,31,213₹361.36

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.