SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Aban Offshore Ltd (ABAN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523204 NSE: ABAN Oil Exploration | Small Cap | Aban Offshore Share Price

₹15.30 0.00 (0.00%)

As on 08-Jun'26 16:59

Aban Offshore Ltd (ABAN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523204 NSE: ABAN Oil Exploration | Small Cap | Aban Offshore Share Price

₹15.30 0.00 (0.00%)

As on 08-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹89 Cr.
Current Price
₹15.3
52-Week Low / High
₹15 / 61
TTM EPS
₹3.3
TTM Sales
₹108 Cr.
Book Value per Share
₹-167.3
P/E Ratio
4.63
Industry PE
11.2
Price to Book (P/B)
-0.09
Higher than its 5-year historical median
Price to Sales (P/S)
0.83
Lower than its 5-year historical median
EV/EBITDA
10.09
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Return on Capital Employed (ROCE)
0.00%
Return on Assets (ROA)
38.29%
Operating Profit Margin
73.8%
Net Profit Margin
134.74%
Gross Profit Margin
156.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
38.08%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
46.00%
Pledged shares (%) of Promoter's holding (%)
19.37%
Reserves
₹-988 Cr.
Equity
₹11.7 Cr.
Face Value
₹2
All Time Low / High
₹3.18 / 5555.00

Aban Offshore stock performance

Key Ratios
mw4me loader

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Aban Offshore Ltd a good quality company?
Aban Offshore Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Aban Offshore Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Aban Offshore Ltd vs industry peers?
Aban Offshore Ltd revenue CAGR is -12.33%, compared to the industry median CAGR of 9.51%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Aban Offshore Ltd?
Promoters hold 46.00% of the Aban Offshore Ltd, with 19.37% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Aban Offshore Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -21.7% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Aban Offshore Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 12.4%9.3%3.6%1.3%-181.8%-69.7%-43.3%0%0%0%-
Value Creation
Index
-0.1-0.3-0.7-0.9NANANANANANA-

Growth Parameters

Sales 1,01488759226324115681.47690.2125108
Sales YoY Gr.--12.6%-33.3%-55.6%-8.5%-35.2%-47.8%-6.6%18.7%38.1%-
Adj EPS 5138.30.6-20.9-335.8-42.8-17.7-26.8-46.528.93.3
YoY Gr.--24.9%-98.5%-3770.2%NANANANANANA-
BVPS (₹) 664.1700.5702.3690.5-73.2-113-131.1-150.9-199.4-170.4-167.3
Adj Net
Profit
2982243.3-122-1,960-250-103-156-27116919
Cash Flow from Ops. 34631711217121110219.723.1-4.53.7-
Debt/CF from Ops. 3.237.94.93.97.538.529.2-149.1182.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -20.8%-12.3%15.3%38.1%
Adj EPS -6.1%NANANA
BVPS-186%NANANA
Share Price -23.4% -21.1% -28.3% -68.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.55.60.1-3-108.84614.51926.5-15.6-2
Op. Profit
Mgn %
64.666.347.724.3-442.4-109.811-93.3-188.473.858.9
Net Profit
Mgn %
29.325.20.6-46.5-814.7-160.2-127-205.5-300.6135.517.9
Debt to
Equity
0.30.20.20.2-1.9-1.2-1-0.8-0.6-0.7-
Working Cap
Days
4325599161,5851,1491,6432,7132,6851,7681,120459
Cash Conv.
Cycle
-231-167-6388332-61-166-28-1,043-1,481-2,023

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,014.13886.86591.53262.89240.54155.9381.3575.9990.20124.55
Operating Expenses + 371.42319.14309.30199.014,872.65334.0485.89178.04277.1350.25
Manufacturing Costs105.4783.7286.2264.6639.50184.6811.642.091.07
Material Costs0000000000
Employee Cost 116.0995.4784.9449.4240.5629.3410.699.179.4810.30
Other Costs 149.86139.94138.1484.934,792.59286.6970.52157.23265.5738.87
Operating Profit 642.72567.72282.2363.88-4,632.12-178.10-4.54-102.05-186.9374.30
Operating Profit Margin (%) 63.4%64.0%47.7%24.3%-1,925.7%-114.0%-5.6%-134.0%-207.0%59.7%
Other Income + 68.3752.9360.13155.899.8733.1114.1914.9010.22185
Exceptional Items 0000033.269.8893.3100
Interest 121.17119.62113.31108.6195.8581.5179.3369.1563.9464.65
Depreciation 149.68153.79161.17154.26160.7260.7940.5338.1638.5624.54
Profit Before Tax 440.24347.2367.87-43.11-4,878.81-254.03-100.32-101.14-279.22170.11
Tax 150.09136.0959.3026.21-421.42-22.735.3811.503.762.29
Profit After Tax 290.15211.148.57-69.32-4,457.39-231.30-105.70-112.64-282.98167.82
PAT Margin (%) 28.6%23.8%1.5%-26.4%-1,853.1%-148.0%-129.0%-148.0%-313.0%134.7%
Adjusted EPS (₹)49.736.21.5-11.9-763.0-39.6-18.1-19.3-48.528.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Aban Offshore - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3,875.454,087.984,098.484,029.50-427.44-659.49-764.87-880.62-1,163.64-994.36
Share Capital 11.6711.6711.6711.6711.6711.6711.6711.6711.6711.67
Reserves 3,863.774,076.314,086.814,017.83-439.12-671.16-776.54-892.29-1,175.31-1,006.03
Debt +650.79510.82157.63102.4554.4912.340000
Long Term Debt448.54332.6500000000
Short Term Debt202.25178.17157.63102.4554.4912.340000
Minority Interest0000000000
Trade Payables409.47349.60324.15320.18447.24357.44301.57303.81305.11138.04
Others Liabilities 975.43953.181,302.061,374.681,078.931,183.251,254.321,214.361,259.801,331.61
Total Liabilities 5,911.145,901.585,882.315,826.811,153.22893.54791.02637.55401.28475.30

Fixed Assets

Net Fixed Assets +1,953.631,802.651,695.831,548.67470.66289.28133.2073.9535.8211.47
Gross Block2,103.012,105.382,159.732,178.522,318.481,108.531,109.121,093.611,093.621,093.61
Accumulated Depreciation149.38302.73463.90629.861,847.81819.25975.921,019.671,057.801,082.14
CWIP 09.2905.88000000
Investments 2,618.232,619.722,619.823,547.3412.8612.8612.8612.8112.8112.81
Inventories99.5791.4789.8194.1893.5788.9972.9142.8343.9838.34
Trade Receivables464.45455.90501.25483.66510.99333.34311.03288.5984.52147.78
Cash Equivalents 48.0744.9733.456.659.723.612.841.551.8011.82
Others Assets 727.19877.59942.16140.4455.43165.47258.20217.83222.34253.08
Total Assets 5,911.145,901.585,882.315,826.811,153.22893.54791.02637.55401.28475.30

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 345.91317.17112.32170.71210.77101.5319.7223.10-4.543.74
PBT 440.24347.2367.87-43.11-4,878.67-254.03-100.36-103.49-279.22170.11
Adjustment 219.25244.33240.89257.044,982.32332.80144.69135.10347.24-121.69
Changes in Working Capital -232.33-101.34-99.2722.43125.226.91-27.07-6.33-69.31-40.89
Tax Paid -81.26-173.05-97.17-65.65-18.08-4.152.46-2.18-3.26-3.79
Cash Flow From Investing Activity + -44.07-23.40-51.91-935.47-131.81-70.52-0.7458.723.9416.90
Capex -40.33-7.16-28.90-1.29-126.36-70.42-0.7654.55-0.3416.90
Net Investments -1.99-1.060-926.622.18000.0400.01
Others -1.76-15.19-23-7.56-7.63-0.110.024.134.28-0
Cash Flow From Financing Activity + -293.52-300.80-51.50793.14-20.655.02-7.42-83.100.86-10.61
Net Proceeds from Shares 17.89000000000
Net Proceeds from Borrowing -137.78-121.46-28.37-21.76-28.9710.25-10.20-156.61-0.72-5.53
Interest Paid -82.17-81.45-38.70-21.501.66-11.207.11000
Dividend Paid -21.01000000000
Others -70.44-97.8915.56836.406.665.96-4.3373.501.57-5.08
Net Cash Flow 8.32-7.038.9128.3758.3236.0311.56-1.280.2610.03

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.615.30.21-1.71N/AN/AN/AN/AN/AN/A
ROCE (%)12.369.343.621.33N/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.190.150.10.040.070.150.10.110.170.28
PAT to CFO Conversion(x)1.191.513.11N/AN/AN/AN/AN/AN/A0.02
Working Capital Days
Receivable Days134.90189.40295.30683.70754.70988.201,445.501,440754.90340.40
Inventory Days36.6039.3055.90127.70142.40213.70363.20277.90175.60120.60
Payable Days0000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *19.3719.3719.3719.3719.3719.370.0019.3719.3719.37
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Aban Offshore Ltd FAQs

The current trading price of Aban Offshore on 08-Jun-2026 16:59 is ₹15.30.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 07-Jun-2026 the market cap of Aban Offshore stood at ₹89.30 Cr

The latest P/E ratio of Aban Offshore as of 07-Jun-2026 is 4.63.

The latest P/B ratio of Aban Offshore as of 07-Jun-2026 is -0.09.

The 52-week high of Aban Offshore is ₹61.28 and the 52-week low is ₹14.78.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aban Offshore is ₹108 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Aban Offshore Ltd is a average quality company.

The key valuation ratios of Aban Offshore Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Aban Offshore Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Aban Offshore Ltd

Aban Offshore (AOL),formerly known as Aban Loyd Chiles Offshore Ltd.,  the Aban Group company was established by late M A Abraham in 1986 when Indian entrepreneurs were encouraged to provide offshore drilling services to the Oil and Natural Gas Corporation (ONGC) to meet the growing needs of a vibrant economy. AOL launched its first contract drilling service to the ONGC in 1987 with two modern jack-up drilling rigs acquired from the USA.

Aban Offshore is India’s largest drilling entity in the private sector offering world class drilling and other services. Aban Offshore is a company which provides oil field services for offshore exploration and production of  hydrocarbons to the oil industry in India and abroad.

The ABAN Group was born as a small engineering firm in Chennai, The Group took giant strides into newer arenas of operation like the execution of high-pressure systems and cross-country pipelines for refineries and fertilizer and petrochemical industries. Inevitably, Aban ventured into the high-powered domains of drilling, power generation and IT Enabled Services (ITES).

Aban Offshore possesses twenty offshore assets including fifteen jack-up offshore drilling rigs, two drill ships, one floating production platform and a jack-up rig and drill ship each on bareboat charter.

Aban Singapore- Aban Singapore (ASPL) was formed as a wholly owned subsidiary of Aban Offshore Ltd. to offer drilling services to large global oil and gas operators.

Aban Offshore in its commitment to providing a range of drilling services has also equipped itself with an equally wide range of rigs and drill ships.

Jack-up Rigs

  • RIG ABAN - II (ex-Griffin Alexander - III)
  • RIG ABAN - III (ex-ILE D'AMSTERDAM)
  • RIG ABAN - IV (ex-HITDRILL - I)
  • RIG ABAN - V (ex-Pride West Virginia)
  • RIG ABAN - VI (ex-Energy Explorer - IV)

Floaters / Drill Ship

  • Aban Ice

FPU

  • Tahara

Services offered by the company:

Aban Offshore offers a diverse range of offshore drilling services to clients in India and abroad.

  • Exploratory services
  • Drilling services
  • Production of hydrocarbons
  • Manning and management

Clientele:

  • Oil & Natural Gas Corporation Ltd. (ONGC)
  • Hardy Exploration & Production (India) Inc.
  • Oriental Oil Co., Dubai
  • Shell Brunei
  • Shell Malaysia
  • Gujarat State Petroleum Corporation Ltd. (GSPC)
  • Hindustan Oil Exploration Co. Ltd.
  • Cairn Energy
  • Petronas Carigali
  • ROC Oil
  • Shell (South East Asia)

Milestones

By the 1990s, many private sector companies in India chose to exit the drilling business. However, AOL preferred to increase its focus on the sector with newer rigs, acquisitions and mergers.

1993: Fleet AdditionAOL purchases a 300-ft. jack-up rig from Mahindra & Mahindra Ltd.

2000: 2001: Hitech Acquisition AOL acquires Hitech Drilling Services (India) Ltd., belonging to the Tata Group, boosting AOL’s fleet to four rigs. This also enables AOL to enter the FPSO business with the FPU ‘Tahara’ owned by Hitech.

2005: Fleet AdditionAOL adds two jack-up rigs (Aban V and Aban VI) and a drill ship (Frontier Ice).

2005: International Expansion In line with its global expansion strategy, AOL launches Aban Singapore Pte Ltd. (ASPL) in November as its vehicle for international operations. ASPL, in turn, sets up 3 SPVs as step down subsidiaries, each equipped with a rig or drill ship.

2006: Sinvest AcquisitionASPL acquires a 33.7% stake in Sinvest ASA, a Norwegian company with eight new premium jack-ups on order. ASPL subsequently completes the acquisition in stages, including a mandatory offer to all shareholders. AOL currently possesses twenty offshore drilling and production units spiraling us to a prestigious position among the top ten offshore drilling asset owners in the world.

2010: Aban Offshore and Venture Drilling AS (VDAS), a joint venture between Petrolia ASA and Sinvest AS (50/50), entered into an agreement for early redelivery of the drillship Deep Venture also known as Valentin Shashin being on bareboat from its Russian owner Arktikmorneftegazrazvedka (Arktik).

2011: Aban Offshores’ drillship Aban Abraham which is owned by the wholly owned step down subsidiary commenced operations under a 5 year contract with Petrobras, Brazil, on June 05, 2011.

2014: Aban Offshore received letter of award (LOA) for the deployment of the jack-up rig Deep Driller 5, owned by the company's step down subsidiary, Offshore Vietnam, for a firm period of 1 year and an optional period of 1 year.


To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×