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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

₹16.32 -0.33 (-1.98%)

As on 15-Oct'26 15:01

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

₹16.32 -0.33 (-1.98%)

As on 15-Oct'26 15:01

Key Metrics
Valuation Multiples
Market Cap
₹101 Cr.
Current Price
₹16.3
52-Week Low / High
₹13 / 43
TTM EPS
₹-33
TTM Sales
₹460 Cr.
Book Value per Share
₹-4,428.6
P/E Ratio
0.00
Industry PE
7.5
Price to Book (P/B)
0.00
Higher than its 5-year historical median
Price to Sales (P/S)
0.22
Lower than its 5-year historical median
EV/EBITDA
66.20
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
0.00%
Underperforms industry median
Return on Assets (ROA)
-59.99%
Operating Profit Margin
23%
Net Profit Margin
-186.98%
Gross Profit Margin
-173.6%
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
₹-25,860 Cr.
Equity
₹11.7 Cr.
Face Value
₹2
All Time Low / High
₹3.18 / 5555.00

Aban Offshore stock performance

Key Ratios
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Quality

Not Good
Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
Q.1 Is Aban Offshore Ltd a good quality company?
Aban Offshore Ltd is a weak quality company, based on a inconsistent 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.

View More

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.

View More
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 -13.35%, compared to the industry median CAGR of 9.12%, 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 -24.2% based on the current price.
View More

10 Year X-Ray :

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 not performed well majority of the past ten years indicating its past ten year financial track record is not 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 ⓘ1,01488759226324115681.47690.2125121
Sales YoY Gr.--12.6%-33.3%-55.6%-8.5%-35.2%-47.8%-6.6%18.7%38.1%-
Adj EPS ⓘ5138.30.6-20.9-335.8-42.8-17.7-26.8-46.528.910.4
YoY Gr.--24.9%-98.5%-3770.2%NANANANANANA-
BVPS (₹) ⓘ664.1700.5702.3690.5-73.2-113-131.1-150.9-199.4-170.4-159.3
Adj Net
Profit ⓘ		2982243.3-122-1,960-250-103-156-27116961
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 -24.2% -24.2% -29.8% -58.4%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		8.55.60.1-3-108.84614.51926.5-15.6-6.3
Op. Profit
Mgn % ⓘ		64.666.347.724.3-442.4-109.811-93.3-188.473.856.9
Net Profit
Mgn % ⓘ		29.325.20.6-46.5-814.7-160.2-127-205.5-300.6135.550.1
Debt to
Equity ⓘ		0.30.20.20.2-1.9-1.2-1-0.8-0.6-0.7-
Working Cap
Days ⓘ		4325599161,5851,1491,6432,7132,6851,7681,120448
Cash Conv.
Cycle ⓘ		-231-167-6388332-61-166-28-1,043-1,481-1,832

Valuation of Aban Offshore - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *19.3719.3719.3719.3719.370.0019.3719.3719.3719.37
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3,3351,7581,4678489741,069598397400476
Operating Expenses ⓘ + 1,4438512,0534,3668,3392,0181,579528602384
Manufacturing Costs3421942111821782201101217660
Material Costs0000000000
Employee Cost 5032392242102112331611069075
Other Costs ⓘ 5984181,6173,9747,9501,5661,308301435248
Operating Profit ⓘ 1,892907-586-3,518-7,365-949-981-131-20292
Operating Profit Margin (%) 56.7%51.6%-40.0%-414.0%-756.0%-88.7%-163.0%-33.0%-50.5%19.4%
Other Income ⓘ + 191514113132241513448192
Exceptional Items ⓘ 0000033549300
Interest ⓘ 1,0381,0901,2821,1371,2031,1061,0971,1101,0921,110
Depreciation ⓘ 902701665675845195145475038
Profit Before Tax ⓘ -27-870-2,518-5,220-9,401-1,992-2,154-1,060-1,297-865
Tax ⓘ 2141718854-428-2023282125
Profit After Tax -241-1,041-2,606-5,273-8,973-1,973-2,177-1,088-1,318-889
PAT Margin (%) -7.2%-59.2%-177.0%-621.0%-921.0%-184.0%-363.0%-274.0%-329.0%-187.0%
Adjusted EPS (₹)-41.3-178.0-446.0-903.0-1,537.5-338.0-373.0-186.0-225.0-152.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3,6932,63519-5,309-15,321-16,823-19,512-22,297-23,872-25,402
Share Capital ⓘ 11.6711.6711.6711.6711.6711.6711.6711.6711.6711.67
Reserves ⓘ 3,6822,6247-5,320-15,332-16,834-19,524-22,308-23,884-25,414
Debt +13,44212,03024116754800000
Long Term Debt13,21411,82760640680000
Short Term Debt22820318110254120000
Minority Interest0000000000
Trade Payables813750676948936605337392392175
Others Liabilities ⓘ 2,2813,31216,00217,85220,30020,69322,08623,58524,95226,720
Total Liabilities ⓘ 20,22918,72816,93813,6575,9704,5562,9101,6801,4721,493

Fixed Assets

Net Fixed Assets ⓘ +17,19716,20314,60214,8894,6403,7781,711693669651
Gross Block18,09917,66016,71118,32120,44918,5674,6193,0123,0533,109
Accumulated Depreciation9021,4572,1083,43215,81014,7892,9082,3192,3842,459
CWIP ⓘ 0906000000
Investments ⓘ 16272726232323232222
Inventories40937737841746129019697112115
Trade Receivables2,3201,8551,8731,1131,09853841832713981
Cash Equivalents 13394837246748814944192
Others Assets ⓘ 154162-26-2,866-298-148474392487432
Total Assets ⓘ 20,22918,72816,93813,6575,9704,5562,9101,6801,4721,493
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 1,2991,802396978-976679-434130-72139
PBT ⓘ -29-870-2,518-5,271-10,439-1,522-2,667-1,063-1,296-864
Adjustment ⓘ 2,0151,7433,1115,4649,5112,3362,2871,1011,4331,016
Changes in Working Capital ⓘ -5701168-82886-10-134-4889-208-9
Tax Paid ⓘ -117-238-115-100-38-2-64-1-4
Cash Flow From Investing Activity ⓘ + -845257-68-1,590-629112061,400-1118
Capex -81-31-94-285-147-972021,395-1616
Net Investments 0000200000
Others ⓘ -76428826-1,305-4841094552
Cash Flow From Financing Activity ⓘ + -452-2,102-3196561,635-620253-1,470-22-9
Net Proceeds from Shares ⓘ 18000000000
Net Proceeds from Borrowing ⓘ 248-1,381-2346121,310-4510000
Interest Paid ⓘ -640-692-6244325-1611460-1-0
Dividend Paid ⓘ -21000000000
Others ⓘ -57-29-2200-9108-1,470-21-9
Net Cash Flow ⓘ 3-4394430702661-105147
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-5.29-32.89-196.41N/AN/AN/AN/AN/AN/AN/A
ROCE (%)5.31.26-8.13N/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.160.090.080.060.10.20.160.170.250.32
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days214.20433.50463.80642.40414.20279.20291.70342.70212.5084.20
Inventory Days43.1081.6093.90171.10164.60128.20148.30134.8095.3087.10
Payable Days0000000000

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Aban Offshore Ltd FAQs

The current trading price of Aban Offshore on 15-Oct-2026 15:01 is ₹16.32.

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 14-Oct-2026 the market cap of Aban Offshore stood at ₹101.1 Cr

The latest P/E ratio of Aban Offshore as of 14-Oct-2026 is 1.67.

The latest P/B ratio of Aban Offshore as of 14-Oct-2026 is -0.11.

The 52-week high of Aban Offshore is ₹42.93 and the 52-week low is ₹12.86.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aban Offshore is ₹121 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Aban Offshore Ltd is a below 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 Semi Strong which suggest that the price of Aban Offshore Ltd is likely to Rise-somewhat 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.


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