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Aban Offshore Limited
(ABAN)
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Rating:49Neutral
Price Target:
₹14.50
▼(-44.51% Downside)
Action:Upgraded
Date:08/17/26
The score is held down primarily by weak financial performance—large ongoing net losses, deeply negative equity, and inconsistent free cash flow—indicating elevated solvency and cash-flow risk. Technical indicators provide a meaningful offset with improving momentum versus key moving averages, while valuation remains constrained by negative earnings and the absence of a dividend yield.
Positive Factors
Positive operating margins
Positive gross margin and improving EBIT and EBITDA margins show that the core drilling operation retains operating value despite difficult overall results. If sustained, this improvement can support better conversion of rig activity into operating earnings and provide a base for recovery.
Negative Factors
Deeply negative equity and high debt
Persistently negative equity and very high debt relative to the asset base create a structural solvency weakness. This limits financial flexibility, increases refinancing pressure, and leaves the company less able to withstand an adverse offshore cycle or fund necessary fleet investment internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive operating margins
Positive gross margin and improving EBIT and EBITDA margins show that the core drilling operation retains operating value despite difficult overall results. If sustained, this improvement can support better conversion of rig activity into operating earnings and provide a base for recovery.
Read all positive factors
Aban Offshore Limited (ABAN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹835.21M
Dividend Yield1.55%
Average Volume (3M)5.49K
Price to Earnings (P/E)―
Beta (1Y)0.12
Revenue Growth-0.26%
EPS Growth78.73%
CountryIN
Employees27
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Drilling
Share Statistics
EPS (TTM)-90.61
Shares Outstanding58,365,322
10 Day Avg. Volume3,094
30 Day Avg. Volume5,492
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)>-0.01
Price to Sales (P/S)0.32
P/FCF Ratio-1.38
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
Aban Offshore Limited Business Overview & Revenue Model
Company Description
Aban Offshore Ltd. engages in the provision of offshore drilling and production services to companies engaged in exploration, development, and production of oil and gas both in domestic and international markets. The company was founded by M. A. A...
How the Company Makes Money
Aban Offshore Limited primarily makes money by contracting its offshore drilling rigs to oil and gas E&P companies under drilling contracts. Under this model, revenue is mainly earned as (1) day-rate or rental income for making a rig available and...
Aban Offshore Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
7
Very Negative
Cash Flow
28
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.10B | 4.76B | 4.00B | 3.97B | 5.98B |
| Gross Profit | 1.82B | 3.92B | 3.04B | 2.66B | 3.65B |
| EBITDA | 1.57B | 3.64B | -1.06B | 628.11M | -9.11B |
| Net Income | -5.29B | -8.89B | -13.18B | -10.91B | -21.77B |
Balance Sheet | |||||
| Total Assets | 17.56B | 15.33B | 15.15B | 17.27B | 29.68B |
| Cash, Cash Equivalents and Short-Term Investments | 678.54M | 2.02B | 435.07M | 1.49B | 864.45M |
| Total Debt | 170.84B | 156.97B | 153.08B | 151.35B | 152.49B |
| Total Liabilities | 299.96B | 269.35B | 253.87B | 240.24B | 224.81B |
| Stockholders Equity | -282.41B | -254.02B | -238.72B | -222.97B | -195.12B |
Cash Flow | |||||
| Free Cash Flow | -933.46M | 1.38B | -894.17M | 1.30B | -4.35B |
| Operating Cash Flow | 282.59M | 1.39B | -723.44M | 1.31B | -4.34B |
| Investing Cash Flow | -1.21B | 175.54M | -110.37M | 13.99B | 2.06B |
| Financing Cash Flow | -474.07M | -91.84M | -216.13M | -14.70B | 2.53B |
Aban Offshore Limited Technical Analysis
Neutral
26.13
Price Trends
15.77
Negative
15.70
Negative
18.66
Negative
Market Momentum
-0.42
Negative
46.75
Neutral
65.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ABAN, the sentiment is Neutral. The current price of 26.13 is above the 20-day moving average (MA) of 14.41, above the 50-day MA of 15.77, and above the 200-day MA of 18.66, indicating a neutral trend. The MACD of -0.42 indicates Negative momentum. The RSI at 46.75 is Neutral, neither overbought nor oversold. The STOCH value of 65.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ABAN.
Aban Offshore Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ₹17.38B | 9.08 | ― | 0.17% | 11.72% | -19.52% | |
73 Outperform | ₹42.08B | 16.25 | ― | 0.12% | 60.32% | 122.30% | |
69 Neutral | ₹50.26B | 23.43 | ― | 0.33% | 48.75% | ― | |
66 Neutral | ₹23.26B | 37.36 | ― | 0.26% | 82.01% | 22.46% | |
64 Neutral | ₹26.04B | 35.41 | ― | 1.83% | 73.92% | 43.29% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ₹835.21M | -0.44 | ― | 1.55% | -0.26% | 78.73% |
* General Sector Average
IN:ABAN
Aban Offshore Limited
14.59
-27.66
-65.47%
IN:ASIANENE
Asian Energy Services Limited
472.00
137.05
40.92%
IN:DEEPINDS
Deep Industries Limited
756.25
249.73
49.30%
IN:DOLPHIN
Dolphin Offshore Enterprises India Ltd.
639.25
253.30
65.63%
IN:JINDRILL
Jindal Drilling & Industries Ltd.
600.95
8.36
1.41%
IN:SEAMECLTD
SEAMEC Limited
1,640.05
729.72
80.16%
Aban Offshore Limited Corporate Events
Aban Offshore Independent Director Resigns Amid Ongoing Insolvency Process
Jul 23, 2026
Aban Offshore Limited, headquartered in Chennai, is an offshore oil and gas services provider focusing on drilling operations for energy sector clients. The company is currently under a Corporate Insolvency Resolution Process, reflecting significa...
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.