MarketFriction

Asian Energy Services Ltd

NSE ASIANENE · BSE 530355 · Oil Equipment & Services
₹466.75 -1.08%
NSE close2026-10-01
52 week range230.00 - 565.70
Market cap₹2,323 Cr.
P/E36.0
Price band 20% Delivery 46.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4595119609892215115102235338271
Expenses42809454827918410494207290250
Operating Profit415256151331118284821
OPM %8%16%21%10%16%14%15%10%8%12%14%8%
Other Income21-122343-4404
Interest011111222434
Depreciation444444555454
Profit before tax1111931311298-3244017
Tax %1%-13%24%32%27%26%23%28%48%27%18%25%
Net Profit11315298236-4183313
EPS in Rs0.273.303.560.502.071.845.031.24-0.853.907.112.46
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales78124222194273229260110305465791947
Expenses101140182161207173194129263399696842
Operating Profit-24-164133675566-19426695105
OPM %-30%-13%18%17%24%24%25%-17%14%14%12%11%
Other Income2721-71-3-73-161235
Interest118663112241113
Depreciation181517192023282217181919
Profit before tax-25-18109412541-4529566978
Tax %7%1%2%1%28%8%5%-0%11%25%25%
Net Profit-27-18109292339-4426425259
EPS in Rs-12.12-6.982.712.397.685.9310.19-11.656.229.4111.3812.62
Dividend Payout %0%0%0%0%0%0%0%0%0%11%11%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth26%28%93%82%
Compounded Profit Growth16%11%52%42%
Stock Price CAGR23%24%39%43%
Return on Equity9%9%12%13%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222226383838383838414545
Reserves15-1256102114144166204162237354449
Borrowings70110832810048212224159
Other Liabilities4350458456126140887684170266
Total Liabilities150171209252218308348338297384592918
Fixed Assets1069583100879013211296112115115
CWIP0000000001346
Investments0000000620123312
Other Assets4475126152132218216220181259441746
Total Assets150171209252218308348338297384592918
Mar 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-3-3-2511475-436-4-73-52-8
CFO/OP134%4%112%72%105%141%-36%71%17%-100%-37%72%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days4920281101112118199156354163176160
Inventory Days
Days Payable
Cash Conversion Cycle4920281101112118199156354163176160
Working Capital Days-90-412-1752650-21629514694137106
ROCE %-16%-11%-19%16%10%29%19%18%-15%13%16%16%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters63.07%61.38%58.52%58.52%60.97%60.97%60.97%60.97%60.97%60.97%60.75%56.14%
FIIs0.05%3.95%4.27%3.15%2.24%2.26%2.35%2.33%0.94%1.09%1.34%1.39%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.25%0.39%0.52%0.81%0.27%
Public35.87%33.68%36.54%37.79%36.36%36.57%36.51%36.38%37.62%37.34%37.05%42.19%
Others1.00%0.98%0.66%0.54%0.43%0.19%0.16%0.07%0.06%0.06%0.04%0.00%
No. of Shareholders17,46016,64716,52418,81818,99720,65820,91221,70121,76920,73820,28923,990

Fundamentals

Market Cap₹ 2,323 Cr.
Current Price₹ 478
Stock P/E36.0
Book Value₹ 110
ROCE16.3 %
ROE12.8 %
Dividend Yield0.26 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)82%
Compounded Profit Growth (TTM)42%
Consolidated figures.
Valuation
Market capRs 2,097 Cr
Enterprise valueRs 2,109 Cr
P/E (TTM)36.43x
Price to book4.24x
Price to sales2.22x
EV / EBITDA19.25x
EV / EBIT23.18x
EV / sales2.23x
Price to cash flow39.58x
Earnings yield2.74%
Dividend yield0.27%
P/E, 3-year average31.06x
P/B, 3-year average3.06x
P/E, 5-year average26.10x
P/B, 5-year average2.62x
Profitability
Operating margin (excl. other income)12.06%
Operating margin (incl. other income)12.43%
EBITDA margin11.57%
Pre-tax margin8.25%
Net profit margin6.08%
Net margin, latest quarter4.41%
ROE11.46%
ROCE14.78%
ROA6.77%
ROE, 3-year average11.53%
ROCE, 3-year average14.39%
ROA, 3-year average7.62%
ROE, 5-year average6.38%
ROCE, 5-year average8.68%
ROA, 5-year average4.04%
ROIC (approx.)13.55%
Tax rate24.69%
Other income / net worth0.59%
Growth
Sales growth (latest year)70.10%
Profit growth (latest year)21.46%
Sales CAGR, 3 years93.05%
Sales CAGR, 5 years28.16%
Profit CAGR, 5 years17.78%
Sales growth QoQ-19.82%
Profit growth QoQ-62.58%
Sales growth YoY (latest quarter)135.06%
Profit growth YoY (latest quarter)115.50%
Per share
EPS (TTM)Rs 12.81
EPS (latest year)Rs 11.38
EPS (latest quarter)Rs 2.66
EPS, 3-year averageRs 9.01
EPS, 5-year averageRs 5.11
Book value per shareRs 109.96
Sales per shareRs 210.71
Cash flow per shareRs 11.79
Free cash flow per shareRs -1.78
Dividend per share (latest year)Rs 1.25
Dividend per share, 3-year averageRs 1.12
Dividend per share, 5-year averageRs 1.12
Dividends
Dividend payout10.99%
Dividend payout, 3-year average10.80%
Dividend payout, 5-year average10.80%
Efficiency
Asset turnover0.86x
Fixed asset turnover6.91x
Inventory turnover2151.62x
Inventory days0 days
Debtor days160 days
Debtors turnover2.27x
Cash conversion cycle160 days
Working capital days106 days
Leverage
Total debtRs 159 Cr
Cash and bankRs 147 Cr
Net debtRs 12 Cr
Debt to equity0.32x
Net debt / EBITDA0.11x
Interest coverage7.05x
Current ratio (filing 2026-03-31)2.11x
Quick ratio (filing 2026-03-31)2.11x
Trade payables (filing 2026-03-31)Rs 230 Cr
Owners' fund to total sources53.80%
Debt to assets17.27%
Cash flow
Cash from Operating Activity (latest year)Rs 53 Cr
Cash from Investing Activity (latest year)Rs -88 Cr
Cash from Financing Activity (latest year)Rs 124 Cr
Net Cash Flow (latest year)Rs 89 Cr
Free cash flow (latest year)Rs -8 Cr
FCFE (approx.: FCF + change in debt)Rs 127 Cr
Cash from ops / profit, 5 years0.18x
Sales to cash flow14.93x
Statement figures
Net sales (TTM)Rs 947 Cr
Net sales (latest year)Rs 791 Cr
Sales (latest quarter)Rs 271 Cr
Operating profit excl. other income (latest year)Rs 95 Cr
Operating profit (latest quarter)Rs 21 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 110 Cr
PBDT (TTM)Rs 97 Cr
Profit before tax (TTM)Rs 78 Cr
Tax (latest year)Rs 17 Cr
Net profit (TTM)Rs 58 Cr
Net profit (latest year)Rs 51 Cr
Net profit (latest quarter)Rs 12 Cr
Depreciation (TTM)Rs 19 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 13 Cr
Cost of goods sold (latest year)Rs 624 Cr
Total expenditure (latest year)Rs 696 Cr
Total income (latest year)Rs 794 Cr
Share capitalRs 45 Cr
ReservesRs 449 Cr
Shareholders' fundsRs 494 Cr
Total assetsRs 918 Cr
Net blockRs 115 Cr
Capital work in progressRs 46 Cr
InvestmentsRs 12 Cr
ReceivablesRs 348 Cr
InventoryRs 0 Cr
Other liabilitiesRs 266 Cr
Shares outstanding (crore)4.49
Ownership
Promoter holding56.14% (-4.83 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 36.4 is at the 66th percentile of its own 7.4-year range (median 32.5, low 6.3, high 72.1).
P/B 4.24 is at the 71th percentile (median 3.15).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodASIANENENifty 50Difference
1 week-1.7%-2.8% +1.1 pts
1 month-4.4%-6.8% +2.4 pts
3 months+40.4%-7.6% +48.0 pts
6 months+95.4%+0.4% +95.0 pts
1 year+34.2%-9.9% +44.1 pts
2 years+29.2%-13.6% +42.7 pts
3 years+163.2%+14.2% +149.0 pts
5 years+191.6%+27.9% +163.7 pts

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was -20% of net profit over the last 3 years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹271 Cr +135.7% vs Jun 2025. Net profit ₹13 Cr +116.7%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Deep Industries Ltd5,01612.116.5 %
Oil Country Tubular Ltd391-25.4 %
DHP India Ltd14913.36.02 %
Teja Engineering Industries Ltd13722.033.1 %
Duke Offshore Ltd85-15.0 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-09-17Dividend - Rs 1.25 Per Share
2025-09-19Dividend - Re 1 Per Share
2024-09-17Annual General Meeting
2023-09-21Annual General Meeting
2022-09-19Annual General Meeting
DateTypeWhat it says
2026-09-30Scheme of ArrangementThe Pronouncement of order by the Honble National Company Law Tribunal, Mumbai Bench (NCLT or Honble Tribunal) in the matter of Scheme of Merger by Ab...
2026-09-25Shareholder meetingAsian Energy Services Limited has submitted the Exchange regarding voting results along with the scrutinizer s report for the 33rd Annual General Meet...
2026-09-24Shareholder meetingProceedings of the 33rd Annual General Meeting held on 24th September, 2026.
2026-09-24Concall / analyst meetSchedule of Analyst/Investor Meeting on Monday, 28th September, 2026.
2026-09-07General UpdatesReceipt of Letter of Intent by Oilmax Energy Private Limited ("OEPL"- Holding/Amalgamating Company) for the Pakro Vanadium and Graphite Block.
2026-09-03Concall / analyst meetSchedule of Analysts/ Investors Meet on Tuesday, 8th September, 2026
2026-09-02Record DateRecord date for the purpose of Dividend is 17-Sep-2026.
2026-09-02Shareholder meetingNotice of 33rd Annual General Meeting to be held on Thursday, September 24, 2026
2026-09-01General UpdatesAward of Hydrocarbon Contract Area to Oilmax Energy Private Limited ( OEPL - Holding/Amalgamating Company) under DSF Bid Round-IV.
2026-08-31ResignationResignation of Director/KMP/SMP
2026-08-31Change in ManagementChange in Management pursuant to Resignation of Senior Management Personnel.
2026-08-21General UpdatesIntimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for Sale of 26% Equity Shareholding in ...
2026-08-13Monitoring Agency ReportMonitoring Agency Report for the quarter ended 30th June, 2026
2026-08-13Press ReleaseA press release dated August 13, 2026, titled "Asian Energy Delivers a Strong Start to FY27; Q1 Profit Surges by 129% To Rs 12.8 Crore; Business Growt...
2026-08-13Investor PresentationInvestor Presentation
2026-08-13Board meeting outcomeAsian Energy Services Limited has submitted to the Exchange, the financial results on standalone and consolidated basis for the period ended June 30, ...
2026-07-30Credit RatingCredit Rating
2026-06-26Shareholder meetingVoting results.
2026-06-22Press ReleaseA press release dated Jun 22, 2026, titled "Asian Energy Bags Rs 187.6 Crore Gujarat Power EPC Contract, Expands Beyond Coal India.".
2026-06-15Shareholder meetingDeclaration of Voting Results and report of the Scrutinizer in respect of Resolution passed at the NCLT convened Meeting of the Company held on Friday...
2026-06-12Shareholder meetingProceedings of the Meeting of the Equity Shareholders held on June 12, 2026 at 11:00 A.M. (IST), as per the directions issued by the Hon ble National ...
2026-06-08Concall / analyst meetSchedule of Analysts/ Investors Meet on Friday, 12th June, 2026 at 04:00 PM.
2026-06-05UpdatesEmpanelment by Oil India Limited for Seismic Data Acquisition Services.
2026-05-26Concall / analyst meetTranscript
2026-05-25Shareholder meetingNotice of Postal Ballot
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 75perc in previous 3 months

Quick answers

What is the market cap of Asian Energy Services Ltd?

Asian Energy Services Ltd (ASIANENE) has a market capitalisation of Rs 2,323 Cr. at the 2026-10-01 close.

What is the P/E ratio of Asian Energy Services Ltd?

Asian Energy Services Ltd trades at a P/E of 36.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Asian Energy Services Ltd's latest quarterly results?

In the Jun 2026 quarter, Asian Energy Services Ltd sales was Rs 271 Cr (+135.7% vs Jun 2025) and net profit was Rs 13 Cr.

What is the 52-week high and low of Asian Energy Services Ltd?

The 52-week high is Rs 565.70 and the 52-week low is Rs 230.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03