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BSE: 523204 | NSE: ABAN | Oil Exploration | Small Cap
1. Is Aban Offshore Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Aban Offshore Ltd is a average quality company.
2. Is Aban Offshore Ltd undervalued or overvalued?
The key valuation ratios of Aban Offshore Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
3. Is Aban Offshore Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Aban Offshore Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 7.1% | 10.5% | 7.6% | 8.4% | 6.2% | 1.8% | -0.7% | -41.2% | -77.9% | -98.6% | - | ||
| Value Creation Index ⓘ | -0.5 | -0.3 | -0.5 | -0.4 | -0.6 | -0.9 | -1.1 | NA | NA | NA | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 797 | 820 | 760 | 1,014 | 887 | 592 | 263 | 241 | 156 | 82.1 | 76 | ||
| YoY Gr. Rt. % | - | 2.9% | -7.3% | 33.5% | -12.6% | -33.3% | -55.6% | -8.5% | -35.2% | -47.4% | - | ||
| Adj EPS ⓘ | 16 | 56.7 | 37.9 | 51 | 38.3 | 2 | -18.5 | -197.4 | -42.8 | -17.7 | -19.3 | ||
| YoY Gr. Rt. % | - | 253.2% | -33.1% | 34.6% | -24.9% | -94.8% | -1022.4% | NA | NA | NA | - | ||
| BVPS (₹) ⓘ | 397.7 | 427.4 | 495.5 | 664.1 | 700.5 | 702.3 | 690.5 | -73.2 | -113 | -131.1 | -150 | ||
| Adj Net Profit ⓘ | 69.8 | 247 | 219 | 298 | 224 | 11.7 | -108 | -1,152 | -250 | -103 | -113 | ||
| Cash Flow from Ops. ⓘ | 341 | 425 | 368 | 346 | 317 | 112 | 171 | 211 | 102 | 19.7 | - | ||
| Debt/CF from Ops. ⓘ | 5.1 | 2.7 | 2.6 | 3.2 | 3 | 7.9 | 4.9 | 3.9 | 7.5 | 38.5 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | -22.3% | -37.9% | -32.2% | -47.4% | ||||||||
| Adj EPS ⓘ | -201.1% | -185.7% | NA | NA | ||||||||
| BVPS ⓘ | -188.4 | -171.5 | -157.5 | 0 | ||||||||
| Share Price | -18% | -19.7% | 17.6% | -24.7% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | 3.4 | 11.8 | 8.2 | 8.5 | 5.6 | 0.3 | -2.7 | -64 | 46 | 14.5 | 13.7 | |
| Op. Profit Mgn % ⓘ | 54.5 | 59.1 | 56.1 | 64.6 | 66.3 | 49.7 | 31.9 | 37.3 | -109.8 | 10.8 | -131.5 | |
| Net Profit Mgn % ⓘ | 8.8 | 30.1 | 28.8 | 29.3 | 25.2 | 2 | -41.2 | -479 | -160.2 | -126 | -148.2 | |
| Debt to Equity ⓘ | 0.9 | 0.5 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | -1.9 | -1.2 | -1 | - | |
| Working Cap Days ⓘ | 333 | 293 | 381 | 432 | 559 | 916 | 1,585 | 1,149 | 1,643 | 2,690 | 2,515 | |
| Cash Conv. Cycle ⓘ | -246 | -351 | -343 | -231 | -167 | -6 | 388 | 332 | -61 | -158 | 0 | |
Return on Equity has increased versus last 3 years average to 13.70%
Sales growth has been subdued in last 3 years -32.16%
Sales growth is not so good in last 4 quarters at -7.33%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -19.3 | -186.9 |
| TTM Sales (₹ Cr.) | 76 | 397 |
| BVPS (₹.) ⓘ | -150 | -3,529.3 |
| Reserves (₹ Cr.) ⓘ | -887 | -20,610 |
| P/BV ⓘ | -0.28 | -0.01 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 31.15 / 64.10 |
| All Time Low / High (₹) | 3.18 / 5555.00 |
| Market Cap (₹ Cr.) | 241 |
| Equity (₹ Cr.) | 11.7 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 4.9 |
| Pledged * | 19.37 | 19.37 | 19.37 | 19.37 | 19.37 | 19.37 | 19.37 | 19.37 | 19.37 | 19.37 |
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
Floaters / Drill Ship
FPU
Services offered by the company:
Aban Offshore offers a diverse range of offshore drilling services to clients in India and abroad.
Clientele:
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.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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