ASIANENEEnergy

Asian Energy Services Limited

Oil Equipment & Services · ISIN INE276G01015 · BSE 530355 · NSE EQ · FV ₹10
Last price
₹486
-1.60%today
What this company does

Asian Energy Services Limited operates in Oil Equipment & Services, part of the Energy sector. It booked ₹271 cr of revenue in its latest quarter (Q1 FY27) and kept 4.4% of sales as profit. It is the 2nd largest of 3 Oil Equipment & Services companies we track, by market value.

In the report:
45out of 100
Equitytale Health Score
Mixed

Healthier than 45% of companies in Energy, on all six measures of filed financials. Each measure is ranked against the 16–26 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
52

At close. Not part of the score.

Profitability & returns26

How much profit it earns on the money it employs

Balance sheet38

How much it owes, and whether earnings cover the interest

Cash quality37

Whether reported profit actually arrives as cash

Growth & consistency89

Whether sales and profit have grown, and how steadily

Valuation11

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
A mixed picture
Strengths
Makes a profit
Sales up 135% vs last year
Profit up 115% vs last year
Promoters hold 56%
No promoter shares pledged
Watch-outs
! Thin 4.4% net margin
! Operating cash flow is negative

What if I invest in ASIANENE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹486 -1.60%
latest close · 2026-09-17
52-wk low ₹79181 sessions so far52-wk high ₹566
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio48.0High
LowAverageHigh
P/B ratio4.78High
Below bookModerateHigh
EV / EBITDA24.7High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.7%Fair
WeakFairStrong ▸15%
Return on capital13.9%Fair
WeakFairStrong
Net margin4.4%Thin
ThinDecentStrong
EBITDA margin9.0%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.32Comfortable
LowModerateHigh ▸1
Interest cover5.3×Strong
RiskyOkayStrong ▸5×
Current ratio2.11Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹2,364 cr
Book value
₹102
EPS
₹2.53
latest quarter
Net debt
₹49 cr
owes more than its cash
Enterprise value
₹2,414 cr
EBITDA
₹98 cr
annualised
EBIT
₹80 cr
annualised
Operating margin
7.4%
Return on assets
5.2%
Earnings yield
2.08%
P/S
2.18
Sales / share
₹223.1
Tax rate
26.7%
Face value
₹10
Shares
4.9 cr
Working capital
₹376 cr
Current assets
₹715 cr
Current liabilities
₹339 cr
Delivery %
38.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹57₹61, midpoint ₹59

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹271 cr
Other Income₹3 cr
Total Income₹275 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹17 L
Employee Benefit Expense₹18 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹4 cr
Other Expenses₹231 cr
Total Expenses₹258 cr
Profit before Tax₹16 cr
Tax Expense₹4 cr
Share of JV / Associates₹78.9 L
Net Profit₹13 cr
Net margin on total income4.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹17 L0.1%
Employee benefit expense₹18 cr6.7%
Finance costs₹4 cr1.4%
Depreciation & amortisation₹4 cr1.6%
Other expenses₹231 cr84.1%
Tax expense₹4 cr1.6%
Profit for the period₹13 cr4.6%
Total income ₹275 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue235 cr338 cr271 cr
Total income240 cr340 cr275 cr
Expenses216 cr299 cr258 cr
Profit before tax24 cr38 cr16 cr
Tax6 cr7 cr4 cr
Net profit (owners' share)17 cr32 cr12 cr
Net margin (owners' share, on revenue)7.4%9.4%4.4%
EPS (₹)3.927.142.53
YoY (latest quarter): total income +133.9% · net profit +115.3%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹918 cr
Shareholder equity
₹494 cr
parent shareholders
Total debt
₹158 cr
Cash
₹109 cr
Cash flow · H1 FY26
Operating
₹-73 cr
Investing
₹42 cr
Financing
₹80 cr
Peer comparison
Oil Equipment & Services · by market value
CompanyPriceMarket capP/E
Deep Industries Limited₹735₹4,702 cr13.8
Asian Energy Services Limitedthis company₹486₹2,364 cr48.0
Oil Country Tubular Limited₹64₹361 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.46%
trailing 12 months
Dividend / share (TTM)
₹2.25
Last dividend
₹1.25
ex 17 Sep 2026
ActionDetailEx-date
Dividend₹1.25 / share17 Sep 2026
Dividend₹1 / share19 Sep 2025
Who owns it · 2026-06-30
No pledge
Promoter
56.1%
FII / Foreign
1.4%
DII / Domestic
0.3%
Retail / others
42.2%
Promoter stake down 2.4% over the last 12 quarters.
Smart-money activity
Insider trades
SoldSumit Kumar Maheshwari · Other26,394 · ₹85.0 L7 Feb 24
SoldSumit Kumar Maheshwari · Other26,394 · ₹85.0 L7 Feb 24
SoldAshutosh Kumar · Other12,000 · ₹38.1 L7 Feb 24
Bulk / block deals
SoldJUNOMONETA FINSOL PRIVATE LIMITED · NSE2.44 L @ ₹362.8320 May 26
BoughtJUNOMONETA FINSOL PRIVATE LIMITED · NSE2.35 L @ ₹361.720 May 26
BoughtHRTI PRIVATE LIMITED · NSE2.37 L @ ₹360.6620 May 26
Stake changes
BoughtChartered Finance & Leasing Ltd along with PAC→ 6.48% · 17.06 L4 Mar 24
SoldRitu garg · promoter→ 0.16% · 63,31128 Dec 23
BoughtOilmax Energy Private Limited · promoter→ 0.00% · 33.50 L21 Aug 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 5 Jan 2026
See the official result
1
To approve Material Related Party Transaction of the Company with Asian Global Joint Venture.
Backed by 99% of shareholders other than promotersneeded 50%
2.77 L votes for, 1,493 against · 0% of mutual funds and other big investors said no
2
To approve Material Related Party Transaction of the Company with Oilmax Energy Private Limited.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
2.77 L votes for, 1,353 against · 0% of mutual funds and other big investors said no
3
To approve remuneration of Mr. Rabi Narayan Bastia (DIN: 05233577), Non-Executive Non- Independent Director under Regulation 17(6) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and Section 197 of the Companies Act, 2013
Backed by 99% of shareholders other than promotersneeded 75%
2.96 L votes for, 2,683 against · 0% of mutual funds and other big investors said no
4
To consider the grant of stock options to Mr. Parikshit Datta (DIN: 06377749), Non-Executive Non-Independent Director under Asian Energy Services Limited Employee Stock Option Plan 2025 (“AESL ESOP 2025”) and approve remuneration under Regulation 17 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
Backed by 99% of shareholders other than promotersneeded 75%
2.96 L votes for, 2,583 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 40 named members
owning 56.1% between them · as of 2026-06-30
Oilmax Energy Private Limited56.01%
Ritu Garg0.13%
Ajay Gargno shares
Aman Gargno shares
Anirit Agritech Private Limitedno shares
Anirit Agro Hub LLPno shares
Anirit Emaar Hyrdoponic Technologies LLPno shares
Anirit Ventures Limitedno shares
Business done with them
FY2025 · 2 of the group
The company paid ₹7 cr to companies in the promoter group last year — about 1.4% of its ₹465 cr revenue and received ₹61 cr back from them.
OILMAX ENERGY PRIVATE LIMITED
Contribution received from them · Sale of services, Reimbursement towards: Sharing of expense in producing crude oil, Government's share in revenue from sale of crude oil, Purchase of property, plant and equipment including capital work in progress, Issue of equity shares on conversion of preferential warrants (including securities premium)
also owns 56.01% of the company
₹43 cr
company received
OILMAX ENERGY PRIVATE LIMITED
Provided services to them · Sale of services, Reimbursement towards: Sharing of expense in producing crude oil, Government's share in revenue from sale of crude oil, Purchase of property, plant and equipment including capital work in progress, Issue of equity shares on conversion of preferential warrants (including securities premium)
also owns 56.01% of the company
₹19 cr
company received
OILMAX ENERGY PRIVATE LIMITED
Other payments to them · Sale of services, Reimbursement towards: Sharing of expense in producing crude oil, Government's share in revenue from sale of crude oil, Purchase of property, plant and equipment including capital work in progress, Issue of equity shares on conversion of preferential warrants (including securities premium)
also owns 56.01% of the company
₹4 cr
company paid
OILMAX ENERGY PRIVATE LIMITED
Bought property or assets from them · Sale of services, Reimbursement towards: Sharing of expense in producing crude oil, Government's share in revenue from sale of crude oil, Purchase of property, plant and equipment including capital work in progress, Issue of equity shares on conversion of preferential warrants (including securities premium)
also owns 56.01% of the company
₹3 cr
company paid
Ritu Garg
Leases As Lessee · Rent expense
also owns 0.13% of the company
₹42 L
company received

The company also transacted with 14 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.