Aakash Exploration Services Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹79 Cr
- P/E
- 22.81
- ROE
- 5.46%
- PEG
- -2.36
- Price to sales
- 0.68
- Debt to equity
- 0.42
- 52W high / low
- ₹11.9 / ₹7.68
- Sales growth (5Y)
- 13.48%
- EBITDA margin
- 12.39%
- Net profit margin
- 3.01%
- Promoter holding
- 66.54%
- Sales (last year)
- ₹117 Cr
Incorporated in 2007, Aakash Exploration Services Limited provides services to Oil and Gas Field[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in Oil
on management's own guidance
- Deep IndustriesGood growth2
- Asian EnergyGood growth1
- Ganesh Benzopl.Good growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Oil companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Asian Energy | 20–40% | Up 2%+ | ₹2,014 Cr | 25.2 |
| 2 | Deep Industries | 20–40% | Up 0–2% | ₹4,273 Cr | 10.3 |
| 3 | Ganesh Benzopl. | 20–40% | Flat | ₹635 Cr | 9.7 |
| 4 | 10–20% | Flat | ₹2.84L Cr | 6.5 | |
| 5 | 10–20% | Flat | ₹73,848 Cr | 8.8 | |
| 6 | 10–20% | Flat | ₹11,822 Cr | 20.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Oil rankingFinancials of Aakash Explor.
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Aakash Explor.
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 66.67% | 66.67% | 66.67% | 66.67% | 66.67% | 66.54% | 66.54% | 66.54% | 66.54% | 66.54% | 66.54% | 66.54% |
| FIIs + | 0.06% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% |
| Public + | 33.27% | 33.30% | 33.32% | 33.33% | 33.33% | 33.46% | 33.46% | 33.46% | 33.46% | 33.46% | 33.44% | 33.46% |
| No. of Shareholders | 33,216 | 37,338 | 41,861 | 46,171 | 47,419 | 47,267 | 50,474 | 49,016 | 48,165 | 53,014 | 50,417 | 48,847 |
Pros & Cons
Aakash Explor.
Key positives and risks surfaced from the company insights section.
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 5.98% over last 3 years.
- Company might be capitalizing the interest cost
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 5.98% over last 3 years.
- Company might be capitalizing the interest cost
Financials of Aakash Explor.
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 21.24 | 21.80 | 30.89 | 26.01 | 23.05 | 23.35 | 25.77 | 23.86 | 24.81 | 31.15 | 32.65 | 27.89 | 27.07 |
| Expenses + | 17.34 | 19.01 | 23.95 | 22.67 | 21.02 | 21.15 | 23.22 | 20.98 | 21.89 | 27.19 | 27.33 | 25.65 | 24.28 |
| Operating Profit | 3.90 | 2.79 | 6.94 | 3.34 | 2.03 | 2.20 | 2.55 | 2.88 | 2.92 | 3.96 | 5.32 | 2.24 | 2.79 |
| OPM % | 18.36% | 12.80% | 22.47% | 12.84% | 8.81% | 9.42% | 9.90% | 12.07% | 11.77% | 12.71% | 16.29% | 8.03% | 10.31% |
| Other Income + | 0.10 | 0.05 | 0.39 | 0.53 | 0.37 | 0.31 | 0.37 | 0.29 | 0.18 | 0.22 | 0.59 | 1.48 | 0.52 |
| Interest | 0.48 | 0.35 | 0.60 | 0.54 | 0.48 | 0.35 | 0.60 | 0.58 | 0.51 | 0.45 | 0.37 | 0.49 | 0.60 |
| Depreciation | 1.84 | 1.95 | 1.96 | 1.71 | 1.74 | 1.78 | 1.94 | 1.88 | 2.22 | 2.65 | 2.87 | 2.52 | 2.95 |
| Profit before tax | 1.68 | 0.54 | 4.77 | 1.62 | 0.18 | 0.38 | 0.38 | 0.71 | 0.37 | 1.08 | 2.67 | 0.71 | -0.24 |
| Tax % | 25.60% | 24.07% | 26.42% | 26.54% | 38.89% | 28.95% | 28.95% | 25.35% | 24.32% | 25.93% | 29.59% | 26.76% | 16.67% |
| Net Profit + | 1.26 | 0.41 | 3.51 | 1.20 | 0.11 | 0.26 | 0.28 | 0.54 | 0.28 | 0.80 | 1.88 | 0.52 | -0.28 |
| EPS in Rs | 0.12 | 0.04 | 0.35 | 0.12 | 0.01 | 0.03 | 0.03 | 0.05 | 0.03 | 0.08 | 0.19 | 0.05 | -0.03 |
Financials of Aakash Explor.
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 23 | 25 | 34 | 41 | 52 | 67 | 60 | 77 | 93 | 92 | 98 | 112 | 119 |
| Expenses + | 19 | 21 | 27 | 33 | 44 | 52 | 47 | 62 | 79 | 75 | 88 | 97 | 104 |
| Operating Profit | 4 | 4 | 7 | 8 | 8 | 15 | 13 | 15 | 13 | 17 | 10 | 15 | 14 |
| OPM % | 18% | 17% | 20% | 19% | 15% | 23% | 21% | 20% | 14% | 19% | 10% | 13% | 12% |
| Other Income + | 0 | 1 | 0 | 0 | 2 | 0 | 1 | 1 | 1 | 1 | 2 | 1 | 3 |
| Interest | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 1 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 2 | 3 | 4 | 3 | 4 | 6 | 6 | 6 | 7 | 8 | 7 | 10 | 11 |
| Profit before tax | 2 | 1 | 2 | 3 | 5 | 7 | 6 | 8 | 6 | 8 | 3 | 5 | 4 |
| Tax % | 33% | 37% | 34% | 28% | 31% | 28% | 25% | 25% | 26% | 26% | 28% | 28% | |
| Net Profit + | 1 | 0 | 1 | 2 | 3 | 5 | 4 | 6 | 5 | 6 | 2 | 4 | 3 |
| EPS in Rs | 0.34 | 0.06 | 0.15 | 0.31 | 0.33 | 0.48 | 0.41 | 0.60 | 0.45 | 0.61 | 0.18 | 0.35 | 0.29 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Aakash Explor.
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 5 | 5 | 5 | 7 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 5 | 11 | 12 | 14 | 26 | 27 | 31 | 38 | 42 | 48 | 50 | 54 |
| Borrowings + | 13 | 13 | 15 | 20 | 27 | 24 | 18 | 16 | 24 | 26 | 23 | 27 |
| Other Liabilities + | 6 | 2 | 2 | 5 | 3 | 6 | 6 | 7 | 7 | 10 | 13 | 16 |
| Total Liabilities | 25 | 31 | 34 | 45 | 63 | 67 | 66 | 71 | 83 | 94 | 96 | 106 |
| Fixed Assets + | 13 | 17 | 19 | 18 | 39 | 45 | 42 | 46 | 63 | 59 | 61 | 71 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 7 | 3 | 0 |
| Other Assets + | 13 | 14 | 15 | 27 | 24 | 22 | 21 | 25 | 20 | 28 | 32 | 35 |
| Total Assets | 25 | 31 | 34 | 45 | 63 | 67 | 66 | 71 | 83 | 94 | 96 | 106 |
Financials of Aakash Explor.
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 5 | -0 | 14 | 18 | 14 | 10 | 18 | 10 | 8 | 14 | ||
| Cash from Investing Activity + | -6 | -2 | -15 | -12 | -6 | -7 | -24 | -10 | -4 | -16 | ||
| Cash from Financing Activity + | -1 | 0 | 0 | -6 | -7 | -3 | 6 | -0 | -4 | 1 | ||
| Net Cash Flow | -1 | -2 | -0 | -0 | 1 | -1 | 1 | -0 | -0 | -0 | ||
| Free Cash Flow | -1 | -2 | -11 | 6 | 11 | -1 | -6 | 7 | -1 | -5 | ||
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 92% | -1% | 184% | 127% | 121% | 71% | 155% | 61% | 101% | 97% |
Financials of Aakash Explor.
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 140 | 95 | 96 | 167 | 130 | 94 | 91 | 101 | 61 | 97 | 80 | 80 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 140 | 95 | 96 | 167 | 130 | 94 | 91 | 101 | 61 | 97 | 80 | 80 |
| Working Capital Days | -47 | 9 | 24 | 122 | 84 | 17 | 5 | 21 | -32 | -8 | -24 | -19 |
| ROCE % | 7% | 10% | 13% | 12% | 16% | 12% | 15% | 11% | 13% | 5% | 8% |
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