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Asian Energy Services Limited (ASIANENE) · mywealthgrid

About

Asian Energy Services Limited provides oil equipment and services to India's oil and gas sector. With ₹1,819.58 Cr market cap and quarterly revenue ranging ₹61–338 Cr, the company scales with project orders and execution pace. Key to growth is order visibility and contract pipeline sustainability.

Face value: ₹10

Market cap

₹2,268 Cr

P/E

39.4×

P/B

4.2×

Dividend yield

0.5%

ROE

11.5%

ROCE

17.2%

Debt / equity

0.32

OPM

12.1%

EPS (TTM)

₹12.8

Book value

₹110.1

52-week high

₹553.6

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margins volatile (7.95% Sep 2025 to 20.2% Dec 2025), reflecting project lumpy-ness and delivery variability — verify contract terms and project completion visibility for sustainability.
PE of 35.57x significantly exceeds ROE of 11.46%, pricing in growth not yet evident in current profitability — track if order book justifies this valuation premium.
Sep 2025 showed net loss of ₹3.03 Cr on ₹102 Cr revenue (7.95% OPM) — verify if tied to project delays, cost inflation, or one-off execution issues.
Oil sector capex cycles and crude price sensitivity determine customer spending appetite — verify customer base's leverage to oil prices and capex cycles.

Generated analysis · source review pending

Growth drivers

Revenue recovered from ₹61–115 Cr (Jun–Sep 2025 trough) to ₹207–338 Cr (Mar 2026), indicating project order acceleration — verify order book and contract pipeline visibility for trend sustainability.
Operating margin improved from 7.95% (Sep 2025) to 18.61–20.2% (Dec–Mar 2026) — track if this is repeatable via mix improvements, cost discipline, or tied to high-margin contracts.
EPS recovered from loss of -₹0.87 (Sep 2025) to ₹5.07–7.14 (Mar 2026), marking return to profitability — monitor if sustained based on contract pipeline extension.

Generated analysis · source review pending

₹466.8+40.4%1Y

Beta

1.33

Amplifies index moves

Volatility (1y)

48.7%

Annualised, daily returns

RSI (14)

Oversold territory

Rel. strength (1y)

25.4%

Ahead of the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Profit CAGR of 17.8% over the last 5 years
+Revenue CAGR of 28.2% over the last 5 years
+Outperformed the universe by 25.4% over 1 year

Cons

−Promoter holding fell 4.8 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

70/100

Business quality: 45
Growth: 100
Valuation: 42

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
Deep Industries LimitedDEEPINDSDEEPINDS	₹4,794 Cr	₹4,997 Cr	₹970 Cr	₹382 Cr	39.9%	₹206 Cr	22.1%	16.7%	9.4%	198
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
Oil Country Tubular LimitedOILCOUNTUBOILCOUNTUB	₹439 Cr	₹464 Cr	₹63 Cr	₹-3 Cr	6.5%	₹-65 Cr	-87.7%	-19.7%	-28.7%	635
DHP India LtdDHPINDDHPIND	₹151 Cr	₹158 Cr	₹70 Cr	₹21 Cr	22%	₹23 Cr	15.3%	6.6%	4.7%	275
Duke Offshore LtdDUKEOFSDUKEOFS	₹88 Cr	₹88 Cr	₹1 Cr	₹0 Cr	—	₹-1 Cr	—	-13.2%	-14.4%	—

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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 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	229	260	110	305	465	791
COGS	0	0	0	-0	0	-0
	173	194	128	262	393	692
	55	66	-18	43	72	99
OPM %	24.3%	25.5%	-16.5%	14.2%	15.6%	12.5%
Depreciation	23	28	22	17	18	19
Interest	1	1	2	2	4	11
	-7	3	-2	4	5	-1
Profit before tax	25	41	-45	29	56	69
Tax	2	2	-0	3	14	17
Tax %	7.9%	4.6%	-0.3%	10.9%	24.9%	24.7%
	23	39	-44	26	42	52
PAT margin %	9.9%	14.9%	-40.4%	8.4%	9.1%	6.6%
EPS (₹)	6	10.3	-11.8	6.6	9.8	11.4
EPS adjusted (₹)	6	10.3	-11.8	6.3	9.4	11.4
	0%	0%	—	0%	10.2%	10.9%
Annual report	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 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	38	38	38	38	41	45	45
Reserves	—	166	204	162	237	354	449
Minority interest	—	0	—	0	0	0	1
	—	2	7	19	21	24	158
	—	142	89	78	85	170	265
Total equity & liabilities	—	348	338	297	384	592	918
	90	132	112	96	112	115	115
CWIP	—	—	—	—	1	3	46
Investments	—	0	6	20	12	33	12
	—	216	220	181	260	441	746
Total assets	—	348	338	297	384	592	918

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-7	48	-3	-50	-11	53
	-32	-50	-19	-7	-58	-159
	1	6	10	50	81	124
Net cash flow	-38	4	-12	-7	12	17
Free cash flow	-43	6	-4	-50	-30	-8
CFO / Operating profit %	-12.3%	72.5%	—	-119.5%	-16.2%	55.6%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities
Oil and Gas	632.68	101.96	0	0
Mineral and other energy services	158.37	31.6	0	0

SegmentFigure

Mineral and Other energy sectors · revenue

₹ crore by fiscal year

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—
EBITDA margin %	24.3%	25.5%	-17.1%	13.7%	14.2%	12.1%
EBIT margin %	14.1%	14.8%	-37.1%	8.1%	10.4%	9.7%
PAT margin %	9.9%	14.9%	-40.4%	8.4%	9.1%	6.6%
Working capital
Receivable days	199	156	354	163	176	160
Inventory days	0	0	0	0	0	0
Payable days	194	134	125	101	130	120
NWC days	5	22	229	62	46	40
Leverage
Current ratio	1.44	2.29	1.92	2.19	2.03	2.11
Debt to EBITDA	0.04	0.11	—	0.51	0.36	1.66
Debt to equity	0.01	0.03	0.1	0.08	0.06	0.32
Interest coverage	52.9	51.2	-14.9	15.1	14.1	8
Asset turnover	0.66	0.77	0.37	0.79	0.78	0.86
Return ratios
Return on assets %	6.5%	11.5%	-15%	6.6%	7.1%	5.6%
Return on capital employed %	18.2%	18.3%	-16.3%	12.7%	15.5%	17.2%
Return on equity %	11.1%	16.1%	-22.3%	9.2%	10.6%	10.5%

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
	63.07%	61.38%	58.52%	58.52%	60.97%	60.97%	60.97%	60.97%	60.97%	60.97%	60.75%	56.14%
	0.05%	3.95%	4.27%	3.15%	2.24%	2.26%	2.36%	2.33%	0.94%	1.09%	1.34%	1.4%
	0%	0.02%	0%	0%	0%	0%	0%	0.25%	0.4%	0.52%	0.81%	0.27%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	35.88%	33.67%	36.54%	37.79%	36.36%	36.58%	36.51%	36.38%	37.63%	37.36%	37.06%	42.19%
No. of shareholders	—	—	—	—	—	—	—	—	21,769	20,738	20,289	23,990

Promoter holding down 6.93 percentage points since Sep 2023.

37 deals · 13 Aug 2021 – 20 May 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
20 May 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	2,43,602	₹362.83	₹8.84 Cr
20 May 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	2,37,027	₹360.66	₹8.55 Cr
20 May 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	2,34,916	₹361.70	₹8.50 Cr
20 May 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	2,31,213	₹361.36	₹8.36 Cr
8 Sept 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	2,59,185	₹353.07	₹9.15 Cr
8 Sept 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	2,33,434	₹352.35	₹8.23 Cr
22 Aug 2024	KIRAN NAVINCHANDRA ASHER	Bulk	NSE	Buy	2,50,000	₹366.03	₹9.15 Cr
27 Jun 2024	JAINAM BROKING LIMITED	Bulk	NSE	Buy	2,21,000	₹322.87	₹7.14 Cr
27 Jun 2024	JAINAM BROKING LIMITED	Bulk	NSE	Sell	1,000	₹324.75	₹0.03 Cr
7 Jun 2024	RASHI FINCORP LTD	Bulk	NSE	Sell	3,00,000	₹274.11	₹8.22 Cr

1–10 of 37

1 / 4

Mr. NAYAN MANI BORAHNon-Executive - Independent Director-Chairperson
Mr. RABI NARAYAN BASTIANon-Executive - Non Independent Director
Mrs. ANUSHA MEHTANon-Executive - Independent Director
Mr. KAPIL GARGExecutive Director-MD
Mr. AMAN GARGNon-Executive - Non Independent Director
Mr. ANIL KUMAR JHANon-Executive - Independent Director
Mr. PARIKSHIT DATTANon-Executive - Non Independent Director
Mr. Nirav TalatiChief Financial Officer
Ms. Shweta JainCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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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 Asian Energy Services 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

Investor Presentation and earnings call

May 2026Transcript AI Summary PPT REC
Nov 2025Transcript AI Summary PPT

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

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Events

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

2

Final dividend17 Sept 2026 · ex-date₹1.25
Final dividend19 Sept 2025 · ex-date₹1

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

49 announcementsExport CSV

13 May 2026, 4:02 pmBoard Meeting

Board Meeting Intimation for Intimation Pursuant To Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Notice Of The Board Meeting.

Exchange filing PDF

11 May 2026, 7:21 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

11 May 2026, 7:16 pmAGM/EGM

Notice Of NCLT Convened Meeting Of Equity Shareholders Of Asian Energy Services Limited.

Court Convened Meeting PDF

5 May 2026, 5:13 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

5 May 2026, 5:13 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

5 May 2026, 3:49 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment

Allotment of Equity Shares PDF

1 May 2026, 11:07 amCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

24 Apr 2026, 3:54 pmCompany Update

Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

General PDF

Date	Category	Subject	Filing
13 May 2026, 4:02 pm	Board Meeting	Board Meeting Intimation for Intimation Pursuant To Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Notice Of The Board Meeting.	PDF
11 May 2026, 7:21 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication

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Asian Energy Services Limited

Asian Energy Services Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Mineral and Other energy sectors · revenue

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends2

Board meetings1

Announcements

Not in the F&O segment

No fund holdings on record

Dividends2

Board meetings1

Ratio timeline

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Segment results

Mineral and Other energy sectors · revenue

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

2

1

2

1