Alphageo (India) Limited (ALPHAGEO)

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Alphageo (India) Limited (ALPHAGEO) · mywealthgrid

About

Alphageo operates in offshore support solution drilling for oil & gas companies. With a market cap of ₹216.55 Cr, it's a mid-sized player in a capital-intensive, cyclical industry. The company has experienced significant operational swings, moving from substantial losses (Sep 2025: -75.58% OPM) to profitability (Jun 2026: 31.1% OPM).

Face value: ₹10

Market cap

₹165 Cr

P/E

—

P/B

0.7×

Dividend yield

ROE

-5.3%

ROCE

-7%

Debt / equity

OPM

-7.4%

EPS (TTM)

₹-0.7

Book value

₹397.1

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Extreme profitability volatility: OPM ranged from -75.58% (Sep 2025) to +31.1% (Jun 2026), suggesting project-dependent or highly cyclical revenue with minimal earnings predictability
Persistent negative returns: ROE of -5.32% and net losses in three consecutive quarters (Sep–Dec 2025, Mar 2026) indicate structural challenges despite recent turnaround
Thin overall margins: Despite recent recovery, the -7.42% overall OPM leaves minimal buffer for commodity cycles or activity downturns typical in offshore services
Limited institutional scrutiny: FII and DII holdings at 0.94% and 0.03% respectively suggest low analyst coverage and possibly limited institutional confidence in the recovery narrative

Generated analysis · source review pending

Growth drivers

Revenue recovered from ₹5.2 Cr (Sep 2025) to ₹82.13 Cr (Jun 2026 consolidated), though researcher should verify if this reflects sustained demand recovery or a single large project cycle
Jun 2026 OPM of 31.1% (standalone) and EPS of ₹20.01 represent sharp operational improvement from prior quarters' losses; verify sustainability of margin expansion
Zero debt (D/E: 0) provides financial flexibility for capex or acquisitions to capture potential growth in offshore services
15x revenue scaling over six months demonstrates operational capability at volume, contingent on maintaining project pipeline visibility and bid momentum

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹258.2-0.4%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Dividend yield of 5%

Cons

−Low return on equity of -2.5% (3-yr avg)
−Revenue shrank over the last 5 years (-4.8% a year)
−Weak interest coverage of -56×

Research score

Structured signal from quality, growth, valuation and momentum.

63/100

Business quality: 20
Growth: 92
Valuation: 77

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Oil India LimitedOILOIL	₹72,221 Cr	₹1,08,180 Cr	₹41,186 Cr	₹13,887 Cr	28.2%	₹8,353 Cr	20.4%	9.9%	12.3%	161
Aegis Vopak Terminals LimitedAEGISVOPAKAEGISVOPAK	₹32,215 Cr	₹34,333 Cr	₹862 Cr	₹642 Cr	74.4%	₹250 Cr	37%	8.4%	10%	58
Vedanta Oil And Gas LimitedVOGLVOGL	₹12,505 Cr	₹13,188 Cr	₹366 Cr	₹-102 Cr	-28%	₹-191 Cr	-52.1%	—	—	-204
Deep Industries LimitedDEEPINDSDEEPINDS	₹4,794 Cr	₹4,997 Cr	₹970 Cr	₹382 Cr	39.9%	₹206 Cr	22.1%	16.7%	9.4%	198
Antelopus Selan Energy LimitedANTELOPUSANTELOPUS	₹3,895 Cr	₹3,895 Cr	₹359 Cr	₹224 Cr	56.9%	₹133 Cr	32.1%	18.4%	15.9%	187
Prabha Energy LimitedPRABHAPRABHA	₹2,989 Cr	₹3,152 Cr	₹7 Cr	₹-0 Cr	-10.8%	₹1 Cr	10%	0.1%	0.1%	-1,782
Dolphin Offshore Enterprises (India) LimitedDOLPHINDOLPHIN	₹2,512 Cr	₹2,716 Cr	₹143 Cr	₹82 Cr	62.2%	₹72 Cr	58.9%	14.9%	25.9%	430
Asian Energy Services LimitedASIANENEASIANENE	₹2,268 Cr	₹2,427 Cr	₹947 Cr	₹105 Cr	12.1%	₹58 Cr	6.6%	17.2%	11.5%	40
Hindustan Oil Exploration Company LimitedHINDOILEXPHINDOILEXP	₹2,212 Cr	₹2,262 Cr	₹299 Cr	₹71 Cr	37%	₹25 Cr	23.9%	2.3%	4.6%	826
Jindal Drilling And Industries LimitedJINDRILLJINDRILL	₹1,704 Cr	₹1,797 Cr	₹1,018 Cr	₹346 Cr	35%	₹192 Cr	21.1%	12.4%	12.4%	93
Gujarat Natural Resources LimitedGNRLGNRL	₹1,248 Cr	₹1,260 Cr	₹20 Cr	₹2 Cr	7.6%	₹-4 Cr	-18.8%	-0.6%	-2.9%	324
Ganesh Benzoplast LimitedGANESHBEGANESHBE	₹896 Cr	₹919 Cr	₹433 Cr	₹91 Cr	22.8%	₹73 Cr	17.8%	14.4%	12.6%	36

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	429	429	268	143	155	66	99	126	112
	307	307	248	128	122	59	88	129	120
	123	123	19	16	33	7	11	-3	-8
OPM %	28.6%	28.6%	7.2%	10.9%	21.4%	10.3%	11.2%	-2.5%	-7.4%
Depreciation	34	34	28	27	20	13	14	14	16
Interest	6	6	3	2	1	0	0	0	0
	2	2	4	23	5	24	7	10	6
Profit before tax	85	85	-8	9	18	18	5	-8	-19
Tax	31	31	1	3	5	5	4	-2	-5
Tax %	36.1%	36.1%	13.8%	29.3%	30.7%	27.3%	77%	-27.1%	-25.9%
	54	54	-9	6	12	13	1	-6	-14
PAT margin %	12.7%	12.7%	-3.3%	4.5%	7.9%	19.7%	1.1%	-4.6%	-12.4%
EPS (₹)	86.1	86.1	-13.8	10.1	19.2	20.4	0.6	-9.6	-21.8
EPS adjusted (₹)	—	—	—	10.1	19.1	20.4	0.6	-9.6	-21.8
	4.6%	9.3%	—	79%	41.8%	39.2%	1,333.3%	—	—
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	6	6	6	6	6	6
Reserves	257	265	277	272	262	247
Minority interest	0	0	0	1	1	1
	0	0	0	0	0	0
	46	38	7	15	43	41
Total equity & liabilities	309	310	291	295	312	296
	82	65	65	59	74	60
CWIP	2	1	2	2	2	2
Investments	3	26	55	30	22	25
	222	218	168	203	215	208
Total assets	309	310	291	295	312	296

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	28.6%	7.2%	10.9%	21.4%	10.3%	11.2%	-2.5%	-7.4%
EBIT margin %	20.7%	-3.4%	-8.2%	8.6%	-8.8%	-2.6%	-14%	-22%
PAT margin %	12.7%	-3.3%	4.5%	7.9%	19.7%	1.1%	-4.6%	-12.4%
Working capital
Receivable days	—	—	225	194	180	216	199	131
Inventory days	—	—	4	2	3	3	5	5
Payable days	—	—	93	86	8	37	67	45
NWC days	—	—	136	111	175	182	137	90
Leverage
Current ratio	—	—	4.65	6.13	33	15.61	4.86	4.81
Debt to EBITDA	—	—	0	0	0	0	—	—
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	16.3	-2.1	6.1	17.4	39.8	62.9	-22.5	-56
Asset turnover	—	—	0.46	0.5	0.23	0.33	0.4	0.38
Return ratios
Return on assets %	—	—	2.1%	3.9%	4.5%	0.4%	-1.9%	-4.7%
Return on capital employed %	—	—	4.1%	7%	6.6%	4.2%	-2.8%	-7%
Return on equity %	—	—	2.4%	4.5%	4.6%	0.4%	-2.2%	-5.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	46.09%	46.09%	46.09%	46.08%	46.08%	46.03%	46.03%	45.99%	45.99%	45.99%	45.99%	45.99%
	1.89%	1.89%	1.86%	1.97%	1.81%	1.84%	1.83%	1.84%	0.96%	0.96%	0.94%	0.94%
	0.05%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	51.97%	51.99%	52.02%	51.92%	52.08%	52.1%	52.11%	52.14%	53.02%	53.02%	53.04%	53.04%
No. of shareholders	—	—	—	—	—	—	—	—	16,048	15,584	15,173	14,971

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Alphageo (India) Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Withdrawal of CRISIL Ratings27 Sept 2025 from CRISIL

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

18

Final dividend11 Sept 2026 · ex-date₹5
Final dividend19 Sept 2025 · ex-date₹8
Final dividend20 Sept 2024 · ex-date₹8
Final dividend22 Sept 2023 · ex-date₹8
Dividend dividend15 Sept 2022 · ex-date₹8
Final dividend21 Sept 2021 · ex-date₹8
Interim dividend16 Mar 2020 · ex-date₹8
Dividend dividend19 Sept 2019 · ex-date₹8
Dividend dividend3 Sept 2018 · ex-date₹8
Dividend dividend20 Sept 2017 · ex-date₹4
Dividend dividend22 Sept 2016 · ex-date₹2
Dividend dividend18 Sept 2015 · ex-date₹2
Dividend dividend22 Aug 2014 · ex-date₹2
Final dividend15 Sept 2011 · ex-date₹1
Final dividend17 Sept 2010 · ex-date₹1.5
Dividend dividend17 Sept 2009 · ex-date₹1.5
Dividend dividend18 Sept 2008 · ex-date₹1.5
Dividend dividend25 Sept 2007 · ex-date₹1.5

1

Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

33 announcementsExport CSV

18 Sept 2026, 6:02 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

18 Sept 2026, 5:58 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

18 Sept 2026, 5:39 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

18 Sept 2026, 5:35 pmCompany Update

Announcement Under Regulation 30 Of SEBI(LODR), 2015 - Updates

General PDF

28 Aug 2026, 12:17 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

27 Aug 2026, 5:07 pmCompany Update

Dispatch Of Letter To Selected Shareholders Providing Web Link Of Annual Report

General PDF

26 Aug 2026, 5:06 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

26 Aug 2026, 4:37 pmAGM/EGM

The 39Th Annual General Meeting (AGM) Of The Members Of The Company Will Be Held On Friday, 18Th September 2026 At 11:00 A.M. (IST) Through Video Conferencing (VC)/Other Audio Visual Means (OAVM).

AGM PDF

Date	Category	Subject	Filing
18 Sept 2026, 6:02 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
18 Sept 2026, 5:58 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

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Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	28.6%	7.2%	10.9%	21.4%	10.3%	11.2%	-2.5%	-7.4%
EBIT margin %	20.7%	-3.4%	-8.2%	8.6%	-8.8%	-2.6%	-14%	-22%
PAT margin %	12.7%	-3.3%	4.5%	7.9%	19.7%	1.1%	-4.6%	-12.4%
Working capital
Receivable days	—	—	225	194	180	216	199	131
Inventory days	—	—	4	2	3	3	5	5
Payable days	—	—	93	86	8	37	67	45
NWC days	—	—	136	111	175	182	137	90
Leverage
Current ratio	—	—	4.65	6.13	33	15.61	4.86	4.81
Debt to EBITDA	—	—	0	0	0	0	—	—
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	16.3	-2.1	6.1	17.4	39.8	62.9	-22.5	-56
Asset turnover	—	—	0.46	0.5	0.23	0.33	0.4	0.38
Return ratios
Return on assets %	—	—	2.1%	3.9%	4.5%	0.4%	-1.9%	-4.7%
Return on capital employed %	—	—	4.1%	7%	6.6%	4.2%	-2.8%	-7%
Return on equity %	—	—	2.4%	4.5%	4.6%	0.4%	-2.2%	-5.5%

92 deals · 2 Aug 2021 – 23 Oct 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
23 Oct 2025	USHA JAWAHARLAL KALRO	Bulk	NSE	Buy	57,017	₹266.87	₹1.52 Cr
23 Oct 2025	USHA JAWAHARLAL KALRO	Bulk	NSE	Sell	56,630	₹268.64	₹1.52 Cr
26 Dec 2024	ANKITA VISHAL SHAH	Bulk	NSE	Sell	44,594	₹504.48	₹2.25 Cr
26 Dec 2024	ANKITA VISHAL SHAH	Bulk	NSE	Buy	44,594	₹492.84	₹2.20 Cr
16 Dec 2024	MARWADI CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED	Bulk	NSE	Buy	38,278	₹433.06	₹1.66 Cr
16 Dec 2024	MARWADI CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED	Bulk	NSE	Sell	37,278	₹440.13	₹1.64 Cr
16 Dec 2024	ANANT WEALTH CONSULTANTS PRIVATE LIMITED	Bulk	NSE	Buy	33,210	₹441.12	₹1.46 Cr
16 Dec 2024	ANANT WEALTH CONSULTANTS PRIVATE LIMITED	Bulk	NSE	Sell	23,366	₹439.44	₹1.03 Cr
9 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	34,806	₹470.09	₹1.64 Cr
9 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	34,806	₹469.92	₹1.64 Cr

1–10 of 92

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	30	79	13	1	-10	18
	-16	-24	-68	10	21	-5
	-28	-6	-6	-5	-5	-5
Net cash flow	-14	50	-61	6	6	8
Free cash flow	6	73	-4	-16	-39	16
CFO / Operating profit %	193.8%	239.2%	187%	9.7%	—	—

Alphageo (India) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends18

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Dividends18

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

18

1

18

1