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Aakash Exploration Services Ltd.
(AAKASH)
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Rating:56Neutral
Price Target:―
Action:Reiterated
Date:08/17/26
The score is primarily driven by mixed financial performance: rapid revenue growth and manageable leverage are outweighed by margin compression and negative free cash flow in FY2025–FY2026, which raises earnings-quality and funding-flexibility concerns. Valuation (P/E 25.207) adds modest pressure, while technicals cannot be meaningfully assessed due to missing indicator data.
Positive Factors
Revenue Acceleration
Rapid top-line growth indicates stronger demand for seismic and geophysical services, potentially expanding the company’s operating scale and customer base. If sustained, this growth can support improved capacity utilization and longer-term industry relevance.
Negative Factors
Margin Compression
Falling margins reduce the earnings benefit of rapid revenue growth and may indicate higher costs, pricing pressure, or an unfavorable service mix. Persistent compression would weaken resilience, profitability, and the company’s ability to convert scale into durable returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Acceleration
Rapid top-line growth indicates stronger demand for seismic and geophysical services, potentially expanding the company’s operating scale and customer base. If sustained, this growth can support improved capacity utilization and longer-term industry relevance.
Read all positive factors
Aakash Exploration Services Ltd. (AAKASH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹364.50M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)25.2
Beta (1Y)N/A
Revenue Growth21.31%
EPS Growth194.86%
CountryIN
Employees1,297
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.08
Shares Outstanding101,250,000
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)1.24
Price to Sales (P/S)0.70
P/FCF Ratio-12.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Aakash Exploration Services Ltd. Business Overview & Revenue Model
Company Description
Headquartered in Ahmedabad, India, Aakash Exploration Services Limited, established in 2007, offers essential support services for the extraction of oil and natural gas within India. The company deploys a comprehensive fleet of specialized equipme...
How the Company Makes Money
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Aakash Exploration Services Ltd. Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
72
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 739.36M | 1.12B | 981.89M | 922.33M | 925.77M | 768.77M |
| Gross Profit | 97.97M | 465.86M | 393.26M | 428.31M | 367.14M | 362.27M |
| EBITDA | 48.09M | 150.71M | 117.03M | 177.09M | 148.31M | 158.35M |
| Net Income | 8.13M | 35.00M | 18.41M | 62.04M | 45.36M | 61.21M |
Balance Sheet | ||||||
| Total Assets | 1.07B | 1.06B | 964.32M | 937.56M | 833.35M | 708.52M |
| Cash, Cash Equivalents and Short-Term Investments | 1.98M | 1.14M | 33.18M | 78.37M | 12.56M | 3.38M |
| Total Debt | 262.36M | 221.86M | 237.28M | 259.78M | 244.43M | 163.07M |
| Total Liabilities | 453.44M | 422.38M | 360.70M | 352.33M | 310.33M | 231.09M |
| Stockholders Equity | 611.77M | 638.76M | 603.62M | 585.23M | 523.02M | 477.43M |
Cash Flow | ||||||
| Free Cash Flow | -112.67M | -63.46M | -8.61M | 66.82M | -56.14M | -6.04M |
| Operating Cash Flow | 6.07M | 129.41M | 82.29M | 102.07M | 184.98M | 97.30M |
| Investing Cash Flow | -88.47M | -162.94M | -44.20M | -103.89M | -240.34M | -71.33M |
| Financing Cash Flow | 80.23M | 30.53M | -42.25M | -2.37M | 64.54M | -34.89M |
Aakash Exploration Services Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹19.23B | 10.04 | ― | 0.15% | 11.72% | -19.52% | |
73 Outperform | ₹45.57B | 17.79 | ― | 0.11% | 60.32% | 122.30% | |
66 Neutral | ₹25.20B | 41.09 | ― | 0.20% | 82.01% | 22.46% | |
56 Neutral | ₹364.50M | 25.24 | ― | ― | 21.31% | 194.86% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹50.37B | 24.27 | ― | 0.32% | 48.75% | ― | |
48 Neutral | ₹874.31M | -0.17 | ― | 1.55% | -13.88% | 40.53% |
* General Sector Average
IN:AAKASH
Aakash Exploration Services Ltd.
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―
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Aakash Exploration Services Ltd. Corporate Events
Aakash Exploration Promoters Reshuffle Holdings via Exempt Share Transfer
Aug 14, 2026
Aakash Exploration Services Ltd. has disclosed an inter se transfer of equity shares within its existing promoter group, executed as part of an internal restructuring of promoter shareholding. The transaction involves the transfer of 72,77,950 sha...
Aakash Exploration Promoter Plans Exempt Inter-Se Transfer of 7.19% Stake
Jul 21, 2026
Promoter Navinchandra Vershibhai Haria has notified the National Stock Exchange of India of a proposed inter se transfer of shares within the promoter group of Aakash Exploration Services Ltd. The transaction involves acquiring 72,71,950 shares, r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.