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Asian Energy Services Limited
(ASIANENE)
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Rating:66Neutral
Price Target:
₹577.00
▲(102.28% Upside)
Action:Reiterated
Date:08/19/26
The score is driven by strong technical momentum and trend strength, balanced by mixed financial quality—especially weak free cash flow and higher leverage in FY2026—and a relatively expensive valuation with a low dividend yield.
Positive Factors
Strong revenue acceleration
Two consecutive years of revenue growth above 50% indicate strong demand and effective project execution across the company’s oilfield services activities. If this pace remains supported by awarded work and delivery capacity, it can improve operating scale and strengthen the company’s market position over the next several quarters.
Negative Factors
Persistently negative free cash flow
Repeated negative free cash flow indicates that reported earnings have not consistently translated into cash available for reinvestment, debt reduction, or shareholder returns. Continued working-capital and capital-spending demands could make growth more dependent on external funding and limit financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue acceleration
Two consecutive years of revenue growth above 50% indicate strong demand and effective project execution across the company’s oilfield services activities. If this pace remains supported by awarded work and delivery capacity, it can improve operating scale and strengthen the company’s market position over the next several quarters.
Read all positive factors
Asian Energy Services Limited (ASIANENE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹26.00B
Dividend Yield0.19%
Average Volume (3M)41.84K
Price to Earnings (P/E)42.4
Beta (1Y)1.09
Revenue Growth82.01%
EPS Growth22.46%
CountryIN
Employees434
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)7.27
Shares Outstanding48,647,190
10 Day Avg. Volume39,829
30 Day Avg. Volume41,839
Financial Highlights & Ratios
PEG Ratio1.25
Price to Book (P/B)2.16
Price to Sales (P/S)1.35
P/FCF Ratio-35.40
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
Asian Energy Services Limited Business Overview & Revenue Model
Company Description
Asian Energy Services Limited operates as a key service provider within the energy and minerals sectors, catering to clients both in India and on a global scale. The company delivers an extensive range of seismic services, which includes 2D and 3D...
How the Company Makes Money
Asian Energy Services Limited primarily makes money by executing service contracts for upstream oil and gas clients (such as exploration and production companies). Key revenue streams typically include: (1) Seismic/geophysical services revenue, ea...
Asian Energy Services Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
66
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.24B | 7.91B | 4.65B | 3.05B | 1.09B | 2.58B |
| Gross Profit | 959.45M | 1.08B | 1.01B | 403.91M | 57.60M | 773.46M |
| EBITDA | 572.06M | 953.56M | 777.09M | 461.86M | -215.88M | 687.97M |
| Net Income | 325.26M | 511.57M | 421.23M | 254.67M | -443.57M | 388.11M |
Balance Sheet | ||||||
| Total Assets | 7.41B | 9.18B | 5.92B | 3.84B | 2.97B | 3.38B |
| Cash, Cash Equivalents and Short-Term Investments | 1.17B | 1.51B | 960.74M | 423.17M | 400.66M | 502.20M |
| Total Debt | 1.06B | 1.59B | 240.62M | 223.67M | 211.50M | 80.76M |
| Total Liabilities | 2.97B | 4.23B | 1.94B | 1.06B | 972.45M | 964.45M |
| Stockholders Equity | 4.43B | 4.94B | 3.99B | 2.78B | 1.99B | 2.42B |
Cash Flow | ||||||
| Free Cash Flow | -727.00M | -301.99M | -520.92M | -785.02M | -39.36M | 57.43M |
| Operating Cash Flow | -727.00M | 304.42M | -330.76M | -499.35M | -26.41M | 481.14M |
| Investing Cash Flow | 424.71M | -1.64B | -332.53M | -73.90M | -191.75M | -497.66M |
| Financing Cash Flow | 797.89M | 1.31B | 781.84M | 499.20M | 99.45M | 57.81M |
Asian Energy Services Limited Technical Analysis
Positive
285.25
Price Trends
420.46
Positive
380.90
Positive
330.30
Positive
Market Momentum
33.55
Negative
66.11
Neutral
67.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ASIANENE, the sentiment is Positive. The current price of 285.25 is below the 20-day moving average (MA) of 493.24, below the 50-day MA of 420.46, and below the 200-day MA of 330.30, indicating a bullish trend. The MACD of 33.55 indicates Negative momentum. The RSI at 66.11 is Neutral, neither overbought nor oversold. The STOCH value of 67.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ASIANENE.
Asian Energy Services Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ₹18.36B | 9.57 | ― | 0.16% | 11.72% | -19.52% | |
71 Outperform | ₹4.65B | 22.93 | ― | 0.79% | 26.40% | 48.98% | |
66 Neutral | ₹26.00B | 42.37 | ― | 0.19% | 82.01% | 22.46% | |
64 Neutral | ₹26.00B | 36.06 | ― | 1.83% | 73.92% | 43.29% | |
59 Neutral | ₹1.97B | -443.21 | ― | 1.61% | 8.64% | 95.08% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹3.15B | -4.70 | ― | 3.87% | -48.59% | -96.17% |
* General Sector Average
IN:ASIANENE
Asian Energy Services Limited
534.55
182.90
52.01%
IN:ALPHAGEO
Alphageo (India) Ltd.
310.15
53.33
20.77%
IN:DOLPHIN
Dolphin Offshore Enterprises India Ltd.
649.90
253.90
64.12%
IN:JINDRILL
Jindal Drilling & Industries Ltd.
633.55
27.68
4.57%
IN:OILCOUNTUB
Oil Country Tubular Limited
60.55
-21.51
-26.21%
IN:UNIDT
United Drilling Tools Limited
228.95
29.62
14.86%
Asian Energy Services Limited Corporate Events
Asian Energy Services Files June-Quarter Unaudited Results with SEBI
Aug 13, 2026
Asian Energy Services Limited announced that its board has approved and taken on record the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, in compliance with SEBI’s listing and disclosure regulat...
Asian Energy Services Confirms SEBI-Compliant Demat Processing for June Quarter
Jul 13, 2026
Asian Energy Services Limited has filed a confirmation certificate for the quarter ended 30 June 2026 under Regulation 74(5) of SEBI’s Depositories and Participants Regulations, affirming compliance with dematerialisation processes for its s...
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.