Aban Offshore Ltd.

•

abanoffshore.comBSE: 523204NSE: ABAN

Market Cap₹ 86 Cr.

Current Price

High / Low₹ 46 / 13

Stock P/E2.7

Book Value₹ -165

Price to Book-0.22

Dividend Yield0.00 %

ROCE0.0 %

ROE0.0 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2017 • Drilling: 99.6% • Wind Energy: 0.4%

AI Sector View

AI GENERATED

Oil Gas & Consumable Fuels

Reduce

Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.

Confidence

78%

View full sector analysis →

PROS

Company is almost debt free
Latest quarter profit grew 816.7% YoY, showing strong momentum
Operating margins have improved to 59.7% from 11.9%
Company generates healthy free cash flow

CONS

Net worth is negative - accumulated losses have eroded equity
A large part of profit comes from other income (108.8% of PBT)
Receivables are growing faster than sales - a possible quality concern
Company has a low return on capital employed of 0.0%
Company has a low return on equity of 0.0% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.10x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Oil Gas & Consumable FuelsCrude OilOil Exploration

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ONGC	236.95	6.85	298089.72	5.59	6554.44	-43.27	204987.35	25.68	15.96	7.85
2.	OIL	489.00	9.52	79541.12	2.35	4026.83	-80.32	12886.27	47.27	12.43	46.35
3.	DEEPINDS	745.35	23.10	4770.24	0.34	89.15	44.48	278.92	39.81	7.44	38.77
4.	ANTELOPUS	1014.30	26.87	3566.52	0.00	543.20	4741.35	1310.40	2488.19	22.91	70.18
5.	ASIANENE	523.25	44.22	2545.46	0.24	12.76	126.51	271.19	135.06	16.63	8.09
6.	DOLPHIN	620.90	34.49	2483.88	0.00	14.81	30.72	42.85	160.62	14.92	59.07
7.	HINDOILEXP	184.45	97.15	2439.23	0.00	6.24	-85.79	114.18	45.17	12.33	4.82
8.	JINDRILL	649.90	9.83	1883.48	0.15	47.14	-28.69	275.39	8.38	15.30	35.72
9.	GNRL	96.50	76.65	1480.34	0.00	11.35	488.84	5.72	70.36	-0.56	202.01
10.	AAKASH	8.77	17.52	88.80	0.00	0.26	-36.86	23.35	7.11	5.39	9.38
11.	ABAN	14.74	2.72	86.03	0.00	1.80	100.69	99.11	-14.34	0.00	42.42

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	15	24	17	20	29	27	39	34	25	25	31	27	29
	101	68	48	78	83	14	8	20	8	6	26	4	19
Operating Profit	-86	-44	-31	-58	-54	12	31	14	17	19	5	23	10
OPM %	-582.36%	-184.74%	-181.57%	-292.65%	-182.69%	46.55%	78.87%	41.55%	67.56%	74.77%	15.89%	86.09%	35.59%
	8	3	2	2	3	19	158	4	4	3	3	3	7
Interest	16	16	16	16	16	16	16	16	16	16	16	0	0
Depreciation	8	10	10	10	10	10	10	4	2	0	0	0	0
Profit before Tax	-103	-67	-55	-82	-76	6	164	-2	3	6	-8	25	16
Tax %	-4.02%	-4.71%	-0.00%	-0.76%	-0.00%	5.45%	-0.32%	-40.00%	49.67%	28.21%	-18.90%	6.22%	10.14%
Net Profit	-107	-70	-55	-82	-76	6	164	-3	2	4	-10	24	14
	-18.39	-11.96	-9.36	-14.07	-13.09	0.98	28.11	-0.59	0.26	0.69	-1.70	4.05	2.39

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	1,014	887	592	263	241	156	81	76	90	125	111
	371	319	309	199	4,873	334	86	178	277	50	55
Operating Profit	643	568	282	64	-4,632	-178	-5	-102	-187	74	57
OPM %	63.38%	64.01%	47.71%	24.30%	-1925.73%	-114.22%	-5.58%	-134.28%	-207.24%	59.66%	50.87%
	68	53	60	156	10	66	24	108	10	185	16
Interest	121	120	113	109	96	82	79	69	64	65	33
Depreciation	150	154	161	154	161	61	41	38	39	25	1
Profit before Tax	440	347	68	-43	-4,879	-254	-100	-101	-279	170	38
Tax %	34.09%	39.19%	87.37%	-60.80%	8.64%	8.95%	-5.36%	-11.37%	-1.35%	1.35%	16.59%
Net Profit	290	211	9	-69	-4,457	-231	-106	-113	-283	168	32
EPS	49.72	36.18	1.47	-11.88	-763.77	-39.63	-18.12	-19.71	-48.49	28.76	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -17%
5 Years:: -12%
3 Years:: 15%

COMPOUNDED PROFIT GROWTH

10 Years:: -1%
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: -23%
5 Years:: -19%
3 Years:: -32%
1 Year:: -67%

RETURN ON EQUITY

10 Years:: -24%
5 Years:: 0%
3 Years:: 0%
Last Year:: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	12	12	12	12	12	12	12	12	12	12
	3,864	4,076	4,087	4,018	-439	-671	-777	-892	-1,175	-1,006
	814	651	583	541	520	462	459	374	281	281
Trade Payables	409	350	324	320	447	357	302	304	305	138
	813	813	876	936	613	734	795	841	979	1,051
Total Liabilities	5,911	5,902	5,882	5,827	1,153	894	791	638	401	475
	1,954	1,803	1,684	1,529	354	173	127	74	36	11
Capital Work in Progress	0	9	0	6	0	0	0	0	0	0
	2,618	2,620	2,620	3,547	13	13	13	13	13	13
	100	91	90	94	94	89	73	43	44	38
	0	0	0	0	0	0	0	0	85	148
Cash & Bank	48	45	33	7	10	4	3	2	2	12
	1,192	1,333	1,455	644	683	615	575	506	222	253
Total Assets	5,911	5,902	5,882	5,827	1,153	894	791	638	401	475

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	427	490	209	236	229	106	17	25	-5	4
Cash from Investing	-44	-23	-52	-935	-132	-71	-1	59	4	17
Cash from Financing	-294	-301	-52	793	-21	5	-7	-83	1	-11
	8	-7	9	28	58	36	12	-1	0	10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	49.72	36.18	1.47	-11.88	-763.77	-39.63	-18.11	-19.30	-48.49	28.76
Book Value (₹)	664.06	700.48	702.28	690.46	-73.24	-113.00	-131.06	-150.89	-199.39	-170.38
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	75.36	62.53	29.09	14.56	-736.24	-29.22	-11.17	-12.76	-41.88	32.96
PROFITABILITY
Operating Margin %	70.12%	69.98%	57.88%	83.59%	-1921.63%	-92.99%	11.86%	-114.67%	-207.24%	59.66%
Net Margin %	28.61%	23.81%	1.45%	-26.37%	-1853.09%	-148.34%	-129.93%	-148.22%	-313.73%	134.74%
ROE %	8.61%	5.30%	0.21%	-1.71%	-247.49%	0.00%	0.00%	0.00%	0.00%	0.00%
ROCE %	12.36%	9.34%	3.62%	1.33%	-181.76%	-69.72%	-43.26%	0.00%	0.00%	0.00%
	5.46%	3.57%	0.15%	-1.18%	-127.72%	-22.60%	-12.55%	-15.77%	-54.48%	38.29%
EFFICIENCY
Debtor Days	135	189	295	684	755	988	1446	1440	755	340
Inventory Days	37	39	56	128	142	214	363	278	176	121
Payable Days	0	0	0	0	0	0	0	0	0	0
	172	229	351	811	897	1202	1809	1718	931	461
FINANCIAL HEALTH
Debt to Equity (x)	0.28x	0.23x	0.22x	0.21x	-1.92x	-1.16x	-0.99x	-0.77x	-0.58x	-0.69x
Interest Coverage (x)	4.63x	3.90x	1.60x	0.60x	-49.90x	-2.12x	-0.26x	-0.46x	-3.37x	3.63x
	1.16x	1.35x	1.11x	0.49x	0.45x	0.36x	0.29x	0.27x	0.13x	0.18x
GROWTH
Revenue Growth %	33.48%	-12.55%	-33.30%	-55.56%	-8.50%	-35.17%	-47.83%	-6.59%	18.69%	38.08%
Operating Profit Growth %	61.70%	-12.72%	-44.84%	-35.81%	-2203.27%	96.86%	106.66%	-1002.85%	-102.78%	246.74%
Net Profit Growth %	52.21%	-27.23%	-95.94%	-908.81%	-6330.62%	94.81%	54.30%	-6.56%	-151.23%	159.30%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-151.23%	159.30%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.28x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	-0.25x	-0.22x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	-5.47x	3.41x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	46.00	46.00	46.00	46.00	46.00	46.00	46.00	46.00	46.00
	0.08	0.12	0.12	0.12	0.00	0.00	0.00	0.00	0.00
	1.71	1.71	1.71	0.96	0.26	0.06	0.06	0.06	0.06
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	52.20	52.17	52.16	52.92	53.74	53.94	53.93	53.94	53.94

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-21

Integrated Filing- Governance

2026-08-21 - Aban Offshore Limited has informed regarding Submission of the Compliance Report on Corporate Governance for the Q_ FY 20__-__

2026-08-15

Outcome of Board Meeting

2026-08-15 - Aban Offshore Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

2026-08-15

Outcome of Board Meeting

2026-08-15 - Aban Offshore Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-14

Integrated Filing- Financial

2026-08-14 - AUDITED FINANCIALS FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2026

2026-08-13

Reasons for Delayed/Non-submission of Financial Results

2026-08-13 - Aban Offshore Limited has informed the Exchange about reasons for Delayed/Non-submission of Financial Results

2026-07-28

Change in Company Secretary/Compliance Officer

2026-07-28 - Aban Offshore Limited has informed the Exchange about Change in Company Secretary/Compliance Officer

2026-07-23

Resignation of Director/KMP/SMP

2026-07-23 - Aban Offshore Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-07-23

Resignation of Director/KMP/SMP

2026-07-23 - Aban Offshore Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-07-23

Resignation

2026-07-23 - Aban Offshore Limited has informed the Exchange regarding Resignation of Mr ID as Non- Execut of the company w.e.f. July 22, 2026.

News

Recent coverage and analyst commentary for ABAN

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Free 5nance Account

Name

ONGC

236.95

6.85

298089.72

5.59

6554.44

-43.27

204987.35

25.68

15.96

7.85

OIL

489.00

9.52

79541.12

2.35

4026.83

-80.32

12886.27

47.27

12.43

46.35

DEEPINDS

745.35

23.10

4770.24

0.34

89.15

44.48

278.92

39.81

7.44

38.77

ANTELOPUS

1014.30

26.87

3566.52

0.00

543.20

4741.35

1310.40

2488.19

22.91

70.18

ASIANENE

523.25

44.22

2545.46

0.24

12.76

126.51

271.19

135.06

16.63

8.09

DOLPHIN

620.90

34.49

2483.88

0.00

14.81

30.72

42.85

160.62

14.92

59.07

HINDOILEXP

184.45

97.15

2439.23

0.00

6.24

-85.79

114.18

45.17

12.33

4.82

JINDRILL

649.90

9.83

1883.48

0.15

47.14

-28.69

275.39

8.38

15.30

35.72

GNRL

96.50

76.65

1480.34

0.00

11.35

488.84

5.72

70.36

-0.56

202.01

AAKASH

8.77

17.52

88.80

0.00

0.26

-36.86

23.35

7.11

5.39

9.38

ABAN

14.74

2.72

86.03

0.00

1.80

100.69

99.11

-14.34

0.00

42.42

Mar 2023

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

101

Operating Profit

-86

-44

-31

-58

-54

OPM %

-582.36%

-184.74%

-181.57%

-292.65%

-182.69%

46.55%

78.87%

41.55%

67.56%

74.77%

15.89%

86.09%

35.59%

158

Interest

Depreciation

Profit before Tax

-103

-67

-55

-82

-76

164

-2

-8

Tax %

-4.02%

-4.71%

-0.00%

-0.76%

-0.00%

5.45%

-0.32%

-40.00%

49.67%

28.21%

-18.90%

6.22%

10.14%

Net Profit

-107

-70

-55

-82

-76

164

-3

-10

-18.39

-11.96

-9.36

-14.07

-13.09

0.98

28.11

-0.59

0.26

0.69

-1.70

4.05

2.39

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

1,014

887

592

263

241

156

125

111

371

319

309

199

4,873

334

178

277

Operating Profit

643

568

282

-4,632

-178

-5

-102

-187

OPM %

63.38%

64.01%

47.71%

24.30%

-1925.73%

-114.22%

-5.58%

-134.28%

-207.24%

59.66%

50.87%

156

108

185

Interest

121

120

113

109

Depreciation

150

154

161

154

161

Profit before Tax

440

347

-43

-4,879

-254

-100

-101

-279

170

Tax %

34.09%

39.19%

87.37%

-60.80%

8.64%

8.95%

-5.36%

-11.37%

-1.35%

1.35%

16.59%

Net Profit

290

211

-69

-4,457

-231

-106

-113

-283

168

EPS

49.72

36.18

1.47

-11.88

-763.77

-39.63

-18.12

-19.71

-48.49

28.76

—

Dividend Payout %

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

3,864

4,076

4,087

4,018

-439

-671

-777

-892

-1,175

-1,006

814

651

583

541

520

462

459

374

281

Trade Payables

409

350

324

320

447

357

302

304

305

138

813

876

936

613

734

795

841

979

1,051

Total Liabilities

5,911

5,902

5,882

5,827

1,153

894

791

638

401

475

1,954

1,803

1,684

1,529

354

173

127

Capital Work in Progress

2,618

2,620

3,547

100

148

Cash & Bank

1,192

1,333

1,455

644

683

615

575

506

222

253

Total Assets

5,911

5,902

5,882

5,827

1,153

894

791

638

401

475

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

427

490

209

236

229

106

-5

Cash from Investing

-44

-23

-52

-935

-132

-71

-1

Cash from Financing

-294

-301

-52

793

-21

-7

-83

-11

-7

-1

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

49.72

36.18

1.47

-11.88

-763.77

-39.63

-18.11

-19.30

-48.49

28.76

Book Value (₹)

664.06

700.48

702.28

690.46

-73.24

-113.00

-131.06

-150.89

-199.39

-170.38

Dividend per Share (₹)

0.00

Cash EPS (₹)

75.36

62.53

29.09

14.56

-736.24

-29.22

-11.17

-12.76

-41.88

32.96

PROFITABILITY

Operating Margin %

70.12%

69.98%

57.88%

83.59%

-1921.63%

-92.99%

11.86%

-114.67%

-207.24%

59.66%

Net Margin %

28.61%

23.81%

1.45%

-26.37%

-1853.09%

-148.34%

-129.93%

-148.22%

-313.73%

134.74%

ROE %

8.61%

5.30%

0.21%

-1.71%

-247.49%

0.00%

ROCE %

12.36%

9.34%

3.62%

1.33%

-181.76%

-69.72%

-43.26%

0.00%

5.46%

3.57%

0.15%

-1.18%

-127.72%

-22.60%

-12.55%

-15.77%

-54.48%

38.29%

EFFICIENCY

Debtor Days

135

189

295

684

755

988

1446

1440

755

340

Inventory Days

128

142

214

363

278

176

121

Payable Days

172

229

351

811

897

1202

1809

1718

931

461

FINANCIAL HEALTH

Debt to Equity (x)

0.28x

0.23x

0.22x

0.21x

-1.92x

-1.16x

-0.99x

-0.77x

-0.58x

-0.69x

Interest Coverage (x)

4.63x

3.90x

1.60x

0.60x

-49.90x

-2.12x

-0.26x

-0.46x

-3.37x

3.63x

1.16x

1.35x

1.11x

0.49x

0.45x

0.36x

0.29x

0.27x

0.13x

0.18x

GROWTH

Revenue Growth %

33.48%

-12.55%

-33.30%

-55.56%

-8.50%

-35.17%

-47.83%

-6.59%

18.69%

38.08%

Operating Profit Growth %

61.70%

-12.72%

-44.84%

-35.81%

-2203.27%

96.86%

106.66%

-1002.85%

-102.78%

246.74%

Net Profit Growth %

52.21%

-27.23%

-95.94%

-908.81%

-6330.62%

94.81%

54.30%

-6.56%

-151.23%

159.30%

0.00%

-151.23%

159.30%

VALUATION

P/E (x)

0.00x

1.28x

P/B (x)

0.00x

-0.25x

-0.22x

Dividend Yield %

0.00%

0.00x

-5.47x

3.41x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

46.00

0.08

0.12

0.00

1.71

0.96

0.26

0.06

Government

0.00

52.20

52.17

52.16

52.92

53.74

53.94

53.93

53.94

Aban Offshore Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

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Cash Flows

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Shareholding Pattern

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Aban Offshore Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI