Provides energy services to the oil and gas industry and runs a smaller mineral and bulk-material handling business. The Oil and Gas segment (80% of FY26 segment revenue, INR632.68 crore) covers seismic data acquisition, drilling, integrated field development contracts and crude production, while the Mineral and other energy services segment (20%, INR158.37 crore) covers coal handling plant EPC, bulk material handling and critical mineral logistics. Operationally it runs an order book of about INR1,750 crore (excluding Kuiper), is producing from the Indrora and Mevad fields with a 1,000 BOPD target by FY27, and has secured a INR187.62 crore coal handling plant EPC contract from Gujarat State Electricity Corporation. Through the Kuiper acquisition it operates an international energy services platform, and the Oilmax Energy merger (SEBI-approved, NCLT hearing pending) is set to add producing assets at Tiphuk, Amguri and Duarmara. The cost base is dominated by other operating expenses (82.6% of FY26 revenue), reflecting a service-delivery model reliant on subcontracted field operations, with employee cost at 5.3% and depreciation at 2.4%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Oil and Gas (80%), Mineral and other energy services (20%). Project-based, service-delivery energy services company expanding into integrated field development and upstream production
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 260 | 110 | 305 | 465 | 791 |
| EBITDA (ex other income) | 66 | (25) | 40 | 66 | 86 |
| margin % | 25.5 | (22.6) | 13.1 | 14.2 | 10.9 |
| Owners' profit | 39 | (44) | 25 | 42 | 51 |
| EPS, as reported (₹) | 10.25 | (11.77) | 6.64 | 9.79 | 11.43 |
| ROE % · ROCE % | 16.1 · 16.8 | (22.3) · (20.9) | 9.2 · 10.3 | 10.6 · 13.0 | 10.5 · 13.1 |
| Debt / equity (x) | 0.03 | 0.10 | 0.08 | 0.06 | 0.32 |
| Cash from operations | 48 | (3) | (50) | (11) | 53 |
| Capex | (42) | (1) | 0 | (19) | (61) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 98 | 92 | 215 | 115 | 102 | 235 | 338 | 271 |
| Profit before tax | 11 | 10 | 27 | 7 | (3) | 24 | 38 | 16 |
| Net profit | 9 | 8 | 23 | 6 | (3) | 18 | 33 | 13 |
| EPS (₹) | 2.20 | 1.85 | 5.04 | 1.24 | (0.87) | 3.92 | 7.14 | 2.53 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Oil and Gas | 256 | 32.4 |
| Mineral and other energy services | 135 | 17.1 |
| Oil & Gas | 377 | 47.6 |
| Mineral and Other Energy Services | 23 | 2.9 |
| Total, before eliminations | 791 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DEEP INDUSTRIES LIMITED | 4,956 | 24.0 | 2.35 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · AESL: Holding firm OEPL gets mining LOI for Vanadium-Graphite block in Arunachal | business updates | high | — | — |
| 3 Sept 2026 · Asian Energy Services schedules investor meet on 8 September 2026 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · 33rd AGM notice and e-voting info published in newspapers | compliance | minimal | — | — |
| 2 Sept 2026 · Record date set for final dividend at Re 1.25 per share | corporate actions | high | — | — |
| 2 Sept 2026 · 33rd AGM on Sept 24, 2026; final dividend of Rs 1.25 per share proposed | board shareholder meetings | low | — | — |
| 2 Sept 2026 · 33rd AGM on Sep 24, 2026 via VC; final dividend of Rs 1.25 per share | board shareholder meetings | low | — | — |
| 1 Sept 2026 · OEPL wins 50% interest in DSF-IV hydrocarbon block; AESL awaits merger outcome | business updates | high | — | — |
| 31 Aug 2026 · Three Senior Management Personnel resign from Asian Energy Services | management changes | medium | — | — |
| 31 Aug 2026 · Three Senior Management Personnel resign from Asian Energy Services | management changes | high | — | — |
| 27 Aug 2026 · Notice of 33rd AGM on 24 Sept 2026 via video conferencing | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 23.8 |
| 9.3 |
| 6.1 |
| 35.7 |
| 47.3 |
| ASIAN ENERGY SERVICES LTD ◆ | 2,597 | 42.0 | 5.25 | 27.9 | 10.5 | 11.3 | 28.2 | 9.0 |
| DHP INDIA LTD. | 154 | 13.9 | 0.65 | — | 4.7 | 6.4 | — | 28.0 |
| DUKE OFFSHORE LTD. | 68 | 28.6 | 16.23 | — | (15.5) | (14.8) | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 42.0 | 26.6 | 12 of 16 | 27% |
| P/B | 5.3 | 2.1 | 10 of 16 | 40% |
| ROCE | 11.3 | 6.4 | 4 of 17 | 81% |
| ROE | 10.5 | 8.5 | 7 of 16 | 60% |
| Debt / Equity | 0.3 | 0.1 | 11 of 16 | 33% |
| EBITDA margin | 9.0 | 28.0 | 15 of 15 | 0% |
| Revenue growth | 135.1 | 45.2 | 4 of 15 | 79% |
| Profit growth | 126.5 | 37.6 | 5 of 16 | 73% |
| Market cap | 2597 | 2449 | 8 of 17 | 56% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
