NSE: PRABHA · BSE: 544379
PRABHA ENERGY LIMITED
Produces oil and gas from the NK block, where wells are in the initial production phase and revenue is recognized under Ind AS 106 as expenditure is capitalised. FY26 revenue was Rs 6.108 crore with a net profit of Rs 0.6104 crore, an EBITDA margin of 15.36% on a total asset base of Rs 689.09 crore. Capital work-in-progress of Rs 29,881 lakhs sits on the balance sheet tied to NK block oil and gas wells, indicating heavy ongoing development before full-scale production. Materials make up 71.6% of revenue and employee costs 27.7%, reflecting the cost mix of an early-stage exploration and production operation. Borrowings stood at Rs 15.53 billion. The company recently sold its 70% stake in subsidiary Deep Natural Resources Limited, and in April 2026 allotted 96.67 lakh partly paid-up shares at Rs 144 each via a rights issue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Oil and gas exploration & production. Early-stage, capital-intensive oil and gas exploration and production
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 4 | 6 |
| EBITDA (ex other income) | (2) | (1) |
| margin % | (47.1) | (10.9) |
| Owners' profit | (1) | 1 |
| EPS, as reported (₹) | (0.11) | 0.05 |
| ROE % · ROCE % | (0.3) · (0.3) | 0.1 · 0.1 |
| Debt / equity (x) | 0.29 | 0.38 |
| Cash from operations | (6) | (3) |
| Capex | 0 | 0 |
Exhibit 2: Quarterly performance, last 7 quarters
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 2 | 2 | 1 | 2 |
| Profit before tax | (0) | (1) | (0) | (0) | 1 | 0 | 0 |
| Net profit | (0) | (1) | (0) | (0) | 1 | 0 | 0 |
| EPS (₹) | (0.01) | (0.07) | (0.02) | (0.01) | 0.07 | 0.01 | 0.02 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| OIL AND NATURAL GAS CORP. | 2,82,239 | 6.5 | 0.69 | 3.7 | 12.2 | 10.4 | 12.9 | 9.1 |
| OIL INDIA LTD | 72,693 | 8.7 | 1.14 | 8.7 | 11.8 | 7.9 | 10.5 | 47.7 |
| ANTELOPUS SELAN ENRGY LTD | 3,693 | 27.8 | 5.63 | — | 13.7 | 15.8 | — | 63.5 |
| PRABHA ENERGY LIMITED ◆ | 2,612 | 2027.8 | 6.01 | 2958.2 | 0.1 | 0.1 | — | 25.0 |
| HINDUSTAN OIL EXPLORATION | 2,022 | 80.5 | 1.46 | 14.1 | 4.5 | 3.8 | 18.2 | 20.4 |
| GUJARAT NATURAL RES L | 1,364 | 117.0 | 6.55 | 67.3 | 4.7 | 6.2 | 30.4 | 44.9 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 2027.8 | 21.8 | 15 of 15 | 0% |
| P/B | 6.0 | 1.5 | 13 of 15 | 14% |
| ROCE | 0.1 | 6.4 | 15 of 17 | 13% |
| ROE | 0.1 | 8.5 | 14 of 16 | 13% |
| Debt / Equity | 0.4 | 0.1 | 13 of 16 | 20% |
| EBITDA margin | 25.1 | 28.0 | 11 of 15 | 29% |
| Revenue growth | 49.3 | 45.2 | 6 of 15 | 64% |
| Profit growth | 234.1 | 37.6 | 3 of 16 | 87% |
| Market cap | 2612 | 2006 | 6 of 16 | 67% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 19 Oct 2026 · Rights Issue Committee approves conversion of partly paid shares to fully paid | corporate actions | high | — | — |
| 7 Oct 2026 · Quarterly routine filing of Regulation 74(5) certificate for Q2 | compliance | minimal | — | — |
| 22 Sept 2026 · Trading window closed ahead of Q2 FY26 results | compliance | minimal | — | — |
| 19 Sept 2026 · Reminder and Forfeiture Notice for Pending Call Money on Partly Paid Shares | compliance | minimal | — | — |
| 18 Sept 2026 · Rights Issue: Forfeiture reminder for unpaid call money | corporate actions | high | — | — |
| 9 Sept 2026 · Prabha Energy 17th AGM: All 6 resolutions passed including Rs 150 cr QIP plan | board shareholder meetings | low | — | — |
| 8 Sept 2026 · 17th AGM held; fund raise up to Rs 150 crore via QIP approved | board shareholder meetings | medium | — | — |
| 31 Aug 2026 · Corporate Presentation outlines CBM gas production ramp-up targets | investor communications | medium | — | — |
| 25 Aug 2026 · Prabha Energy converts partly paid rights shares to fully paid | corporate actions | medium | — | — |
| 24 Aug 2026 · 95.14 lakh partly paid rights shares converted to fully paid-up equity shares | corporate actions | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | 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 |
Sources, method and disclosures
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.