Asian Energy Services Ltd

NSE: ASIANENE · Oil Equipment & Services · sector

₹399.25NSE close 2026-10-26

Key numbers

Market cap₹1,942 cr

Price₹399.25

52w high / low₹566 / ₹230

P/E31.4xSector median 26.1x

P/B3.9xSector median 2.1x

Book value₹101.6

Dividend yield0.23%Sector median 0.46%

ROE12.9%Sector median 4.7%

ROCE13.5%Sector median 6.6%

OPM10.2%Sector median 14.0%

Debt / equity0.32xSector median 0.10x

EV/EBITDA20.2xSector median 20.2x

Interest cover6.8x

Current ratio2.11x

Sales growth 3y+93.0%Sector median +65.4%

Profit growth 3y–Sector median -4.7%

PEG1.20x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 5 companies in Oil Equipment & Services (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹147 cr vs borrowings ₹158 cr (FY26): borrowings are higher by ₹11 cr.
Borrowings rose in each of the last 3 years (₹19 cr → ₹158 cr).
Operating profit covered interest 6.8x in the last 12 months.
Promoter holding fell by 4.87 percentage points in a year, to 56.10% (2026-09-30).
Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY24).
Net loss in 1 of the last 8 quarters.
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 18% of net profit in the last 12 months.
Dividend paid in 1 of the last 5 financial years.
Price ₹399.25 on 2026-10-26: -29.4% from the 52-week high, +73.6% 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 ₹535.50 · low ₹229.80

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	98	92	215	115	102	235	338	271
EBITDA	15	13	31	11	3	28	45	21
OPM %	15.7%	14.3%	14.6%	9.9%	2.5%	11.9%	13.3%	7.8%
Other income	1	2	2	2	1	4	2	3
Net profit	9	8	23	6	-4	17	32	12
EPS (₹)	2.20	1.85	5.04	1.24	-0.87	3.92	7.14	2.53
Revenue YoY					+4.4%	+156.8%	+57.0%	+135.1%
Profit YoY					-140.9%	+111.3%	+41.9%	+115.5%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	260	110	305	465	791	947
EBITDA	66	-25	40	66	86	97
Net profit	39	-44	25	42	51	58
EPS (₹)	10.25	-11.77	6.64	9.79	11.43	12.72
Revenue growth		-57.8%	+177.5%	+52.4%	+70.1%	+82.0%
Profit growth		-214.3%	–	+65.4%	+21.5%	+26.2%
Dividend / share (₹)	–	–	–	–	1.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+93.0%	–	+82.0%
Net profit	–	–	+26.2%
EPS	–	–	–
Share price	–	+9.6% (2y)	+23.0%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	199	278	399	494
Borrowings	–	19	21	24	158
Cash & equivalents	–	40	42	96	147
Total assets	–	297	384	592	918
Fixed assets	–	96	112	115	114
Capital work in progress	–	–	1	3	46
Investments	–	6	6	6	0
Receivables	–	107	136	224	348
Inventory	–	0	0	0	0
Payables	–	44	73	142	230

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	48	-3	-50	-11	53
Cash from investing	-50	-19	-7	-58	-159
Cash from financing	6	10	50	81	124
Capex	42	1	0	19	61
Free cash flow	6	-4	-50	-30	-8

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	-22.2%	9.2%	10.6%	10.4%
ROCE %	–	-19.5%	9.8%	12.7%	11.6%
Debtor days	–	354	163	176	160
Inventory days	–	0	0	578	0
Payable days	–	146	87	4,62,977	106
Cash conversion cycle (days)	–	208	76	-4,62,223	54
Working capital days	–	282	144	145	174

Shareholding

Holder	% (2026-09-30)
Promoters	56.10%
FIIs	1.29%
DIIs	0.87%
Public (non-institutions)	41.73%

Quarter	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	May 2026	Jun 2026	Sep 2026
Promoters %	60.97%	60.97%	60.97%	60.97%	60.75%	56.16%	56.14%	56.10%

Promoter group	%
Oilmax Energy Private Limited	55.97%
Ritu Garg	0.13%
Kapil Garg	0.00%
Anish Garg	0.00%
Aman Garg	0.00%
Sitaram Nagalia	0.00%
Kapil Nagalia	0.00%
Aparna Paresh Taparia	0.00%
Ajay Garg	0.00%
Priya Gupta	0.00%
Yoddhas Motors Private Limited	0.00%
Krishna Madhav Oil and Gas Private Limited	0.00%
Energia Consultancy LLP	0.00%
Anirit Emaar Hyrdoponic Technologies LLP	0.00%
Anirit Agro Hub LLP	0.00%

Public holders above 1%	%
Chartered Finance & Leasing Limited	3.90%
Anantroop Financial Advisory Services Private Limited	1.54%
Titagarh Enterprises Limited	1.35%
Ashish Agarwal	1.18%
Ashish Kacholia	1.18%
Harit Exports Pvt Ltd	1.03%
Meenakshi Mohit Agrawal	1.03%

27,347 shareholders. Pledged: – of promoter shares.

Peers in Oil Equipment & Services

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
DEEPINDS	₹4,283 cr	20.8x	2.1x	10.8%	8.7%	17.9%	+37.7%	0.46%
ASIANENE	₹1,942 cr	31.4x	3.9x	12.9%	13.5%	10.2%	+93.0%	0.23%
OILCOUNTUB	₹398 cr	–	2.0x	-30.3%	-31.6%	-4.9%	+534.1%	–
DHPIND	₹146 cr	13.1x	0.6x	4.7%	6.6%	24.3%	-12.8%	0.82%
DUKEOFS	₹109 cr	46.0x	26.1x	-13.0%	-13.5%	–	–	–

All 5 companies in Oil Equipment & Services →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Oil and Gas	₹633 cr	80.0%	₹102 cr	16.1%
Mineral and other energy services	₹158 cr	20.0%	₹32 cr	20.0%

Dividends & corporate actions

Ex-date	Action	Detail
2026-09-17	Dividend	Dividend - Rs 1.25 Per Share
2025-09-19	Dividend	Dividend - Re 1 Per Share
2024-09-17	Other	Annual General Meeting
2023-09-21	Other	Annual General Meeting
2022-09-19	Other	Annual General Meeting

Documents

Links go to the original files on the exchange website.

About the company


Sector	Energy
Industry	Oil Equipment & Services
Sub-industry	Oil Equipment & Services
Symbol	ASIANENE
BSE code	530355
ISIN	INE276G01015
Face value	₹10.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.