ASIANENEEnergy

Asian Energy Services Limited

Oil Equipment & Services · ISIN INE276G01015 · BSE 530355 · NSE EQ · FV ₹10
Last price
₹407
+2.16%today
What this company does

Asian Energy Services Limited operates in Oil Equipment & Services, part of the Energy sector. It booked ₹267 cr of revenue in its latest quarter (Q2 FY27) and kept 6.2% of sales as profit. It is the 2nd largest of 3 Oil Equipment & Services companies we track, by market value.

In the report:
47out of 100
Equitytale Health Score
Mixed

Healthier than 47% of companies in Energy, on all six measures of filed financials. Each measure is ranked against the 16–24 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)
39

At close. Not part of the score.

Profitability & returns30

How much profit it earns on the money it employs

Balance sheet39

How much it owes, and whether earnings cover the interest

Cash quality35

Whether reported profit actually arrives as cash

Growth & consistency89

Whether sales and profit have grown, and how steadily

Valuation19

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 161% vs last year
✓ Promoters hold 56%
✓ No promoter shares pledged
Watch-outs
! Thin 6.2% 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 We do not publish price targets or predict returns.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
₹407▲ +2.16%
latest close · 2026-11-04
52-wk low ₹79213 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 ratio29.8Average
LowAverageHigh
P/B ratio3.19High
Below bookModerateHigh
EV / EBITDA15.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.7%Fair
WeakFairStrong ▸15%
Return on capital16.3%Strong
WeakFairStrong
Net margin6.2%Decent
ThinDecentStrong
EBITDA margin12.4%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.25Comfortable
LowModerateHigh ▸1
Interest cover7.9×Strong
RiskyOkayStrong ▸5×
Current ratio2.77Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,980 cr
Book value
₹127
EPS
₹3.41
latest quarter
Net debt
₹90 cr
owes more than its cash
Enterprise value
₹2,069 cr
EBITDA
₹133 cr
annualised
EBIT
₹115 cr
annualised
Operating margin
10.7%
Return on assets
6.7%
Earnings yield
3.35%
P/S
1.86
Sales / share
₹219.2
Tax rate
27.6%
Face value
₹10
Shares
4.9 cr
Working capital
₹495 cr
Current assets
₹774 cr
Current liabilities
₹279 cr
Delivery %
45.1%
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 2026-11-04.

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–₹151, midpoint ₹77

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 · Q2 FY27 (consolidated)
Revenue from Operations₹267 cr
Other Income₹2 cr
Total Income₹268 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹1.9 L
Employee Benefit Expense₹20 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹215 cr
Total Expenses₹243 cr
Profit before Tax₹25 cr
Tax Expense₹7 cr
Share of JV / Associates₹-1 cr
Net Profit₹17 cr
Net margin on total income6.4%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹1.9 L0.0%
Employee benefit expense₹20 cr7.5%
Finance costs₹4 cr1.4%
Depreciation & amortisation₹5 cr1.7%
Other expenses₹215 cr80.5%
Tax expense₹7 cr2.6%
Profit for the period₹17 cr6.4%
Total income ₹268 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue338 cr271 cr267 cr
Total income340 cr275 cr268 cr
Expenses299 cr258 cr243 cr
Profit before tax38 cr16 cr25 cr
Tax7 cr4 cr7 cr
Net profit (owners' share)32 cr12 cr17 cr
Net margin (owners' share, on revenue)9.4%4.4%6.2%
EPS (₹)7.142.533.41
YoY (latest quarter): total income +160.1% · net profit —
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹983 cr
Shareholder equity
₹620 cr
parent shareholders
Total debt
₹157 cr
Cash
₹67 cr
Cash flow · H1 FY27
Operating
₹-94 cr
Investing
₹-29 cr
Financing
₹83 cr
Peer comparison
Oil Equipment & Services · by market value
CompanyPriceMarket capP/E
Deep Industries Limited₹605₹3,872 cr11.3
Asian Energy Services Limitedthis company₹398₹1,938 cr29.2
Oil Country Tubular Limited₹70₹396 cr—
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.31%
trailing 12 months
Dividend / share (TTM)
₹1.25
Last dividend
₹1.25
ex 17 Sep 2026
ActionDetailEx-date
Dividend₹1.25 / share17 Sep 2026
Dividend₹1 / share19 Sep 2025
Who owns it · 2026-09-30
No pledge
Promoter
56.1%
FII / Foreign
1.3%
DII / Domestic
0.9%
Retail / others
41.7%
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.

Yearly shareholder meeting · 24 Sep 2026
See the official result
1
To receive, consider and adopt the audited (Standalone and Consolidated) Financial Statements of the Company for the financial year ended March 31, 2026 and the Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.80 L votes for, 20 against · 0% of mutual funds and other big investors said no
2
To declare a final dividend of Re. 1.25 per equity share, for the financial year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
1.80 L votes for, 20 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Dr. Rabi Bastia (DIN: 05233577), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
1.80 L votes for, 20 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 — 42 named members
owning 56.1% between them · as of 2026-09-30
Oilmax Energy Private Limited55.97%
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
FY2026 · 3 of the group
The company paid ₹18 cr to companies in the promoter group last year — about 2.2% of its ₹791 cr revenue and received ₹28 cr back from them.
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, ESOP, Expenses incurred on behalf of the Company
also owns 55.97% of the company
₹28 cr
company received
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, ESOP, Expenses incurred on behalf of the Company
also owns 55.97% of the company
₹8 cr
company paid
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, ESOP, Expenses incurred on behalf of the Company
also owns 55.97% of the company
₹7 cr
company paid
Kapil Garg
Other payments to them · Remuneration to KMP, Rent expense
₹3 cr
company paid
Ritu Garg
Leases As Lessee · Rent expense
also owns 0.13% of the company
₹64 L
company received
Kapil Garg
Leases As Lessee · Remuneration to KMP, Rent expense
₹64 L
company received

The company also transacted with 13 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.