Asian Energy Services Ltd - Stock Valuation and Financial Performance

BSE: 530355 | NSE: ASIANENE | Oil Exploration | Small Cap

Asian Energy Service Share Price

275 11.60 4.40%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Asian Energy Service

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Asian Energy Services stock performance -

mw4me loader
P/E Ratio (SA):
117.86
Market Cap:
1,078 Cr.
52-wk low:
90.5
52-wk high:
344.5

Is Asian Energy Services Ltd an attractive stock to invest in?

1. Is Asian Energy Services Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Asian Energy Services Ltd is a below average quality company.

2. Is Asian Energy Services Ltd undervalued or overvalued?

The key valuation ratios of Asian Energy Services Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Asian Energy Services Ltd a good buy now?

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

10 Year X-Ray of Asian Energy Service:

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.
Asian Energy Services Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -20.8%-15.4%-46.9%1%-9.8%4%9%18.5%32.5%-12.3%-
Value Creation
Index
-2.5-2.1-4.4-0.9-1.7-0.7-0.40.31.3-1.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 181.49.443.495.715764.5141254110215
Sales YoY Gr.--92.4%583.2%363.9%120.3%63.9%-58.9%118.2%80.6%-56.8%-
Adj EPS -12-8-13.6-0.8-50.62.87.316.8-7.72.2
YoY Gr.-NANANANANA403.6%158.2%130.6%-145.7%-
BVPS (₹) 28.620.97.822.635.235.736.742.458.951.364
Adj Net
Profit
-26.7-17.7-30.4-2.2-19.22.110.627.463.3-28.99
Cash Flow from Ops. -1.2-4.1-13.4-297.70.45.217.556.33-
Debt/CF from Ops. -36.7-5.5-2-1.82.226.200.10.16.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 22.3%2.8%19.4%-56.8%
Adj EPS NANA-239.6%-145.7%
BVPS6.7%7.8%11.8%-12.8%
Share Price 15% 33.4% 42.5% 173%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-38.8-32.1-94.9-3.5-15.91.67.718.333.1-13.93.9
Op. Profit
Mgn %
-99.2-820.1-228.75.1-4.47.228.623.627.3-9.58.1
Net Profit
Mgn %
-148.3-1295.3-325-5.1-20.11.416.519.524.9-26.34.3
Debt to
Equity
0.70.51.60.90.10.10000.1-
Working Cap
Days
1,50518,7001,812691514284480252166358170
Cash Conv.
Cycle
3213,371381694014693312129105

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.43%

Sales growth is good in last 4 quarters at 81.16%

Return on Equity has declined versus last 3 years average to 3.90%

Net Profit has been subdued in last 3 years -239.59%

Latest Financials - Asian Energy Services Ltd.

Standalone Consolidated
TTM EPS (₹) 2.2 1.3
TTM Sales (₹ Cr.) 215 215
BVPS (₹.) 64 65.4
Reserves (₹ Cr.) 221 227
P/BV 4.12 4.03
PE 117.86 200.44
From the Market
52 Week Low / High (₹) 90.50 / 344.50
All Time Low / High (₹) 1.60 / 446.40
Market Cap (₹ Cr.) 1,078
Equity (₹ Cr.) 40.9
Face Value (₹) 10
Industry PE 11.5

Management X-Ray of Asian Energy Service:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Asian Energy Service

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1819439615764141254110
Operating Expenses 3613314310014646108185121
Manufacturing Costs202151873117258314571
Material Costs0000000000
Employee Cost 8671117169142228
Other Costs 85915101212111922
Operating Profit -18-11-210-411183369-11
Operating Profit Margin (%) -99.2%-820.0%-228.0%0.2%-4.4%7.2%28.0%23.6%27.0%-10.0%
Other Income 9754761112144
Interest 7655653112
Depreciation 86657913141718
Exceptional Items -1006-10-1-8-90-2
Profit Before Tax -25-17-281-21252265-29
Tax 0020000020
Profit After Tax -25-17-291-21252263-29
PAT Margin (%) -138.0%-1,224.1%-314.0%1.9%-21.6%1.0%7.3%15.4%24.7%-26.6%
Adjusted EPS (₹)-11.2-7.5-13.20.3-5.40.41.35.716.7-7.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 64471759134136138160222193
Share Capital 22222226383838383838
Reserves 4224-5339698101122184156
Minority Interest0000000000
Debt4323275210402718
Long Term Debt0000500233
Short Term Debt432327524400416
Trade Payables629849264402914
Others Liabilities 592755361825451426
Total Liabilities 1188080174229184168247271252

Fixed Assets

Gross Block606073397374103158214208
Accumulated Depreciation354248513223548111118
Net Fixed Assets2518253360536810910390
CWIP 0000000000
Investments 066777771326
Inventories4432210000
Trade Receivables1261023504223595266
Cash Equivalents 6210819252474926
Others Assets704426101925847665544
Total Assets 1188080174229184168247271252

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -1-4-13-2980517563
PBT -25-17-281-21252265-29
Adjustment 88951691711419
Changes in Working Capital 1645-3510-4-13-28-1413
Tax Paid -10002-7-31311
Cash Flow From Investing Activity -292717-73-16616-16-39-19
Capex 40-13-13-34-20-14-27-42-1
Net Investments 600-2810000-6-13
Others -392730-32825301110-5
Cash Flow From Financing Activity 27-2331025-8-18146
Net Proceeds from Shares 1500863600020
Net Proceeds from Borrowing 1500012-7-6210
Interest Paid -3-3-1-12-8-1-3-10-1
Dividend Paid 0000000000
Others 0-20428-360-10-117
Net Cash Flow -307-1-4-23222-10
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-36.31-30.3-91.692.16-21.441.213.4314.5132.87-14.09
ROCE (%)-17.1-12.27-395.53-9.624.755.5614.8333.35-12.2
Asset Turnover Ratio0.150.010.120.340.470.760.370.680.980.42
PAT to CFO Conversion(x)N/AN/AN/A-29N/A010.770.89N/A
Working Capital Days
Receivable Days3262,44931713713910718210680195
Inventory Days901,02913620732000
Payable Days0000000000

Asian Energy Services Ltd Stock News

Asian Energy Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Asian Energy Service on 28-Mar-2024 16:01 is ₹275.0.
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 28-Mar-2024 16:01 the market cap of Asian Energy Service stood at ₹1,078.
The latest P/E ratio of Asian Energy Service as of 28-Mar-2024 16:01 is 117.9.
The latest P/B ratio of Asian Energy Service as of 28-Mar-2024 16:01 is 4.12.
The 52-week high of Asian Energy Service is ₹344.5 and the 52-week low is ₹90.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Asian Energy Service is ₹214.9 ( Cr.) .

About Asian Energy Services Ltd

Asian Oil Field Services Limited (AOSL) was incorporated in the year 1992 .the company providing exploration services for oil and gas exploration companies in India.Since its inception, Asian the company has gained wide range of experience by executing several seismic data acquisition, seismic job services, shot hole drilling and up hole drilling projects. And also provided Work over services to various national and private companies in India.

It has provided range of services to reputed national and multinational companies. This company banks on the rich experience of well qualified professionals for providing seismic data acquisition, processing and Interpretation services.In the last field season (2006-07) the company had done over 400 GLKM of seismic data acquisition and currently have an order book of over 1400 GLKM of 2D and 200 SQKM of 3D.

Services of this company:

  • Seismic Data Acquisition
  • Data processing
  • Seismic Job Services (Field Operations,Maintenance)
  • Shot Hole Drilling

Milestones:

  • 1992 -AOSL was incorporated by Avinash Manchanda
  • 1994 -Krishna Kant joined AOSL 1995 -IPO came at par 1995 -Imported 3 workover rigs from US (2 Thirty Ton, 1 Fifty Ton Rig)
  • 1997 -Started Shot Hole Drilling Services
  • 1998 -Worked on a Seismic Data Acquisition contract as a subcontractor of RITES
  • 2000 -Established itself as a primary contractor with ONGC
  •  2003 -Won its first integrated Seismic Data Acquisition contract
  • 2004 -Won the Jubiliant 2D Seismic Data Acquisition Contract
  • 2006 -Funds infusion by Strategic Investors (CSL)
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