Asian Energy Services
- Market cap
- ₹ 1,919 Cr.
- P/E
- 31.1x
- P/B
- 3.65x
- 52-week range
- 230 – 565.7
- ROE
- 13%
- ROCE
- 17%
- Dividend yield
- 0.3%
- Debt / equity
- 0.32
- Sector
- Oil
- Industry
- Oil Equipment & Services
- Listed on
- NSE, BSE
About
Asian Energy Services Limited is an India-based service provider to the energy and minerals sector. The Company provides services that include geophysical data acquisition, production facility, engineering procurement and construction (EPC), and operation and maintenance. The Company’s segments include Oil and Gas, and Mineral and other energy sectors. The Oil and Gas segment consists of services provided to customers in oil and gas sector. The Mineral and other energy sectors segment consists of services provided to customers in coal, power and other energy sectors. Its seismic services include 2D/3D land seismic acquisition, transition zone acquisition, on-site data processing, seismic consulting and interpretation, and wireless seismic and data acquisition in real time. The Company also offers enhanced oil recovery services. Its subsidiaries include Asian Oilfield & Energy Services DMCC, AOSL Petroleum Pte. Ltd., Optimum Oil & Gas Private Limited, and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Oil Equipment & Services: 6 companies →Asian Energy Services against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)31.1 against a typical 16.5: pricier than most peers (1st = cheapest).5th of 6
- Sales growth+135.7% against a typical +24.6% from a year earlier.1st of 4
- Profit growth+116.7% against a typical +43.5% from a year earlier.1st of 3
- Share price, 3 months+5.3% against a typical +15.7%.4th of 6
- Size₹ 1,919.4 Cr. market value against a typical ₹ 260 Cr. (1st = largest).2nd of 6
Latest announcements
Exchange filings and their impact on the company.
- Won Kutch offshore DSF-IV block as operator; no revenue for a year but Rs 60-100 cr capex ahead.
Asian Energy Services has signed a Revenue Sharing Contract for offshore Contract Area GK/OSDSF/GKOSN/2025 awarded under DSF Bid Round-IV, with the award going to OEPL. This makes the company an operator of a Kutch offshore discovered field. No production or revenue is expected in the next 12 months while exploration work is done, but initial seismic and drilling preparation will need fresh capex.
- NCLT Mumbai approved merger of Oilmax Energy into Asian Energy Services, clearing the deal to close.
Asian Energy Services received the certified true copy of the final order from NCLT Mumbai approving the merger by absorption of Oilmax Energy Private Limited into the company. The scheme now moves to effectiveness and implementation, including share issuance to OEPL shareholders. This consolidates the two businesses under the listed entity and is expected to add scale and operational synergies.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB+ to BBB by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil BBB+/Watch Developing | Watch: Developing | 27 Oct 2026 |
| India Ratings | IND BBB; IND A3+ | Rating Watch | 30 Oct 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 27 Oct 2026 | Reaffirmed | Crisil BBB+/Watch Developing | — | CRISIL | ₹ 317.5 Cr. | |
| 29 Jul 2026 | Reaffirmed | Crisil BBB+/Watch Developing | — | CRISIL | ₹ 317.5 Cr. | |
| 30 Apr 2026 | Reaffirmed | Crisil BBB+/Watch Developing | — | CRISIL | ₹ 317.5 Cr. | |
| 2 Feb 2026 | Reaffirmed | Crisil BBB+/Watch Developing | — | CRISIL | ₹ 282.5 Cr. | |
| 4 Nov 2025 | Reaffirmed | Crisil BBB+/Watch Developing | — | CRISIL | ₹ 282.5 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 30 Oct 2026Upcoming | Financial Results | To consider and approve the un-audited financial results on standalone and consolidated basis for the quarter and half year ended September 30, 2026 |
| 13 Aug 2026 | Financial Results | Intimation of Board Meeting to consider and approve the unaudited financial results on standalone and consolidated basis for the period ended Jun 30, 2026. |
| 19 May 2026 | Financial Results/Dividend | Asian Energy Services Ltd has informed NSE that the meeting of the Board of Directors of the Company is scheduled on 19/05/2026,inter alia, to consider and approve:1. Audited Financial Results (Standalone & Consolidated) of the Company for the quarter and financial year ended 31st March, 2026 and to take on record, the report of the Statutory Auditors thereon;2. Consider and recommend Final Dividend, if any, on the equity shares for the financial year ended 31st March, 2026, subject to approval of the shareholders in the ensuing Annual General Meeting. |
| 13 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 14 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025. |
| 12 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 16 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and to recommend final dividend on equity shares of the Company. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 45 | 95 | 119 | 60 | 98 | 92 | 215 | 115 | 102 | 235 | 338 | 271 |
| Expenses | 42 | 80 | 94 | 54 | 82 | 79 | 184 | 104 | 94 | 207 | 290 | 250 |
| Operating Profit | 4 | 15 | 25 | 6 | 15 | 13 | 31 | 11 | 8 | 28 | 48 | 21 |
| OPM % | 8% | 16% | 21% | 10% | 16% | 14% | 15% | 10% | 8% | 12% | 14% | 8% |
| Other Income | 2 | 1 | −1 | 2 | 2 | 3 | 4 | 3 | −4 | 4 | 0 | 4 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 4 | 3 | 4 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 4 | 5 | 4 |
| Profit before tax | 1 | 11 | 19 | 3 | 13 | 11 | 29 | 8 | −3 | 24 | 40 | 17 |
| Tax % | 1% | −13% | 24% | 32% | 27% | 26% | 23% | 28% | 48% | 27% | 18% | 25% |
| Net Profit | 1 | 13 | 15 | 2 | 9 | 8 | 23 | 6 | −4 | 18 | 33 | 13 |
| EPS in Rs | 0.27 | 3.3 | 3.56 | 0.5 | 2.07 | 1.84 | 5.03 | 1.24 | −0.85 | 3.9 | 7.11 | 2.46 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 26%
- 5 Years
- 28%
- 3 Years
- 93%
- TTM
- 82%
- 10 Years
- 16%
- 5 Years
- 11%
- 3 Years
- 52%
- TTM
- 42%
- 10 Years
- 21%
- 5 Years
- 28%
- 3 Years
- 48%
- TTM
- —
- 10 Years
- 9%
- 5 Years
- 9%
- 3 Years
- 12%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Asian Energy Services | ₹ 409.50 | ₹ 1,919 Cr. | 31.1x | 3.7x | 13% | — |
| Aegis Logistics | ₹ 1,254.50 | ₹ 44,033 Cr. | 52.7x | 7.8x | 16.8% | 13.3% |
| Man Industries (India) | ₹ 743.00 | ₹ 5,557 Cr. | 22.4x | 1.9x | 9.2% | 4.8% |
| Deep Industries | ₹ 674.10 | ₹ 4,314 Cr. | 9.7x | 1.5x | 9.4% | 22.1% |
| Dolphin Offshore Enterprises (India) | ₹ 550.30 | ₹ 2,228 Cr. | 22x | 4.3x | 21.9% | 58.9% |
| United Drilling Tools | ₹ 176.60 | ₹ 361 Cr. | 23.8x | 1.6x | 7% | 10.5% |
Management
- Nirav Talati
- Chief Financial Officer
- Shweta Jain
- Compliance Officer, Company Secretary
- Kapil Garg
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.