Aban Offshore Ltd.
NSE: ABAN · Oil · sector
₹14.51NSE close 2026-10-26
Key numbers
Market cap₹85 cr
Price₹14.51
52w high / low₹42 / ₹13
P/E–Sector median 9.9x
P/B–Sector median 1.6x
Book value₹-4,838.6
Dividend yield–Sector median 0.70%
ROE–Sector median 11.9%
ROCE–Sector median 13.4%
OPM27.2%Sector median 27.2%
Debt / equity–Sector median 0.05x
EV/EBITDA136.5xSector median 7.5x
Interest cover0.4x
Current ratio0.02x
Sales growth 3y+1.1%Sector median +10.2%
Profit growth 3y–Sector median +19.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 7 companies in Oil (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹68 cr vs borrowings ₹17,084 cr (FY26): borrowings are higher by ₹17,016 cr.
- Borrowings rose in each of the last 3 years (₹15,135 cr → ₹17,084 cr).
- Operating profit covered interest 0.4x in the last 12 months.
- 19.37% of the promoters' shares are pledged (8.9% of all shares).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 5 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Debtor days went from 127 (FY24) to 88 (FY26).
- No dividend in the last 5 financial years.
- Price ₹14.51 on 2026-10-26: -65.7% from the 52-week high, +12.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹77.07 · low ₹13.83
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 115 | 116 | 116 | 114 | 105 | 91 | 99 | 165 |
| EBITDA | 22 | 13 | 27 | 35 | -3 | 20 | 19 | 89 |
| OPM % | 19.3% | 11.0% | 23.3% | 30.8% | -3.0% | 22.4% | 19.4% | 53.7% |
| Other income | 158 | 4 | 5 | 2 | 3 | 8 | 10 | 13 |
| Net profit | -115 | -277 | -260 | -253 | -307 | 30 | 2 | 84 |
| EPS (₹) | -19.76 | -47.39 | -44.53 | -43.32 | -52.68 | 5.06 | 0.31 | 14.35 |
| Revenue YoY | -9.1% | -21.5% | -14.3% | +44.4% | ||||
| Profit YoY | – | – | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 598 | 397 | 400 | 476 | 410 | 460 |
| EBITDA | -926 | -38 | -202 | 92 | 72 | 125 |
| Net profit | -2,177 | -1,091 | -1,318 | -889 | -529 | -192 |
| EPS (₹) | -373.04 | -373.00 | -225.81 | -152.40 | -90.63 | -32.96 |
| Revenue growth | -33.7% | +0.7% | +19.0% | -13.9% | -0.3% | |
| Profit growth | – | – | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +1.1% | -17.5% | -0.3% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -51.3% (2y) | -64.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | -22,297 | -23,872 | -25,402 | -28,241 |
| Borrowings | – | 15,135 | 15,308 | 15,697 | 17,084 |
| Cash & equivalents | – | 148 | 44 | 192 | 68 |
| Total assets | – | 1,740 | 1,515 | 1,533 | 1,756 |
| Fixed assets | – | 327 | 299 | 271 | 406 |
| Capital work in progress | – | 13 | 13 | 0 | 0 |
| Investments | – | 23 | 22 | 22 | 22 |
| Receivables | – | 327 | 139 | 81 | 98 |
| Inventory | – | 97 | 112 | 115 | 132 |
| Payables | – | 392 | 389 | 175 | 260 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -434 | 128 | -67 | 139 | 28 |
| Cash from investing | 206 | 1,402 | -16 | 32 | -122 |
| Cash from financing | 253 | -1,470 | -22 | -23 | -47 |
| Capex | 1 | 1 | 17 | 1 | 122 |
| Free cash flow | -435 | 127 | -84 | 138 | -93 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 4.9% | 5.5% | 3.5% | 1.9% |
| ROCE % | – | -0.7% | 2.4% | -2.5% | -0.5% |
| Debtor days | – | 301 | 127 | 62 | 88 |
| Inventory days | – | 420 | 878 | 935 | 1,098 |
| Payable days | – | 1,703 | 3,050 | 1,422 | 2,175 |
| Cash conversion cycle (days) | – | -982 | -2,045 | -425 | -989 |
| Working capital days | – | -21,417 | -22,668 | -20,232 | -26,206 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 46.00% |
| FIIs | 0.00% |
| DIIs | 0.05% |
| of which Mutual funds | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 53.95% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% | 46.00% |
| Promoter group | % |
|---|---|
| India Offshore INC | 14.27% |
| Aban Investments Private Limited | 9.69% |
| Reji Abraham | 9.64% |
| Deepa Reji Abraham | 6.92% |
| Saley Abraham | 3.70% |
| Aban Ventures Private Limited | 1.78% |
| Public holders above 1% | % |
|---|---|
| Investor Education and Protection fund | 1.15% |
92,461 shareholders. Pledged: 19.37% of promoter shares.
Peers in Oil
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| AEGISVOPAK | ₹26,608 cr | 105.8x | 6.2x | 8.1% | 6.9% | 74.4% | – | 0.70% |
| DOLPHIN | ₹2,256 cr | 31.3x | 6.4x | 26.1% | 14.6% | 57.5% | – | – |
| JINDRILL | ₹1,469 cr | 7.7x | 0.8x | 11.2% | 12.2% | 33.6% | +24.8% | 0.20% |
| GANESHBE | ₹623 cr | 8.6x | 1.0x | 12.5% | 16.1% | 23.4% | -0.8% | – |
| ALPHAGEO | ₹148 cr | – | 0.6x | -0.2% | 0.1% | 5.8% | +19.4% | 3.44% |
| ABAN | ₹85 cr | – | – | – | – | 27.2% | +1.1% | – |
| REPONO | ₹75 cr | 9.9x | 2.2x | 18.9% | 29.1% | 15.3% | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2019-08-29 | Other | Annual General Meeting |
| 2018-09-12 | Other | Annual General Meeting |
| 2017-08-31 | Other | Annual General Meeting |
| 2016-09-21 | Other | Annual General Meeting |
| 2015-09-14 | Dividend | Annaul General Meeting/ Dividend - Rs 3.60 Per Share |
| 2014-09-10 | Dividend | Annual General Meeting And Dividend Rs.3.60 Per Share |
| 2013-09-11 | Dividend | Annual General Meeting And Dividend Rs.3.60 Per Share |
| 2012-09-12 | Dividend | Dividend - Rs.3.60 Per Share |
| 2011-09-19 | Dividend | Annual General Meeting / Dividend - Rs.3.60 Per Share |
| 2010-09-15 | Dividend | Annual General Meeting And Dividend Rs.3.60 Per Share |
| 2009-09-08 | Other | Agm/Div-Rs.3.60 Per Share |
| 2008-09-08 | Dividend | Dividend - 180% |
| 2007-08-08 | Dividend | Dividend-150% |
| 2006-07-06 | Dividend | Agm/Dividend-130% Purpose Revised |
| 2005-08-22 | Dividend | Dividend-100% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Energy |
| Industry | Oil |
| Sub-industry | Offshore Support Solution Drilling |
| Symbol | ABAN |
| BSE code | 523204 |
| ISIN | INE421A01028 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.