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Aakash Exploration Services
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Aakash Exploration Services Limited was originally incorporated as a private limited company with the name 'Aakash Exploration Services Private Limited' on January 17, 2007. The company was converted into a Joint Stock Company from the Partnership firm M/s. Aakash Roadlines. M/s. Aakash Roadlines was formed on 30/05/2006 with the aim of carrying on the business of transportation hire, technical services and common carries. The Company was subsequently converted in to a public company and consequently name was changed to 'Aakash Exploration Services Limited' (AESL) on November 8, 2017.
Established in 2007, Aakash Exploration Services Limited is a company providing services for Oil and Gas Exploration with a fundamental vision of being a leader in providing services to Oil and Gas Field while achieving international standard of excellence. The company is based out of Ahmedabad, Gujarat and spear headed by the promoters Mr. Hemang Navin Haria, Mr. Vipul Navin Haria and Mr. Krunal Pravin Haria, all having experience of oilfield services industry. Mr. Hemang Navin Varia having an experience of over 18 years, handles the budgeting issues, planning and finance related issues of the company. Mr. Vipul Navin Haria having an experience of over 20 years, handles the machinery and technical issues. Mr. Krunal Pravin Haria having an experience of over 14 years, handles and controls the work at sites. With a journey of over ten years the company has shown tremendous growth.
AESL is an ISO 9001 14001 and OHSAS 18001 certified company. The Quality of supply is not an event of chance; it is a conscious effort of hard-work. The Company provides Mobile Work Over Rigs, Hot Oil Circulation Unit, Air Compressor, Mobile Steaming Unit (Boiler), Mobile Pumping Unit, Crane, Manpower Services, SRP Unit supply and Maintenance and other similar Services.
The Company is also the member of International Association of Drilling Contractors. It is providing Oil and Gas field Services to M/S Oil & Natural Gas Corporation Ltd (A Govt. of India Company), Ahmedabad, Mehsana and Hazira Projects and also providing similar services to private oil field operators namely GSPCL, Cairn, Essar, Great Eastern Energy, IOC, Niko, OIL, Price Petroleum etc to their extreme satisfaction. Aakash Exploration Services Limited is a national group of Oil and Gas Field Services with a staff of more than 250 employees and operating in more than 7 states of India.
The promoters, Mr. Hemang Navin Haria, Mr. Vipul Navin Haria and Mr. Krunal Pravin Haria have the required experience of the said industry of around eighteen, twenty and fourteen years respectively, through which they have been taking right steps towards the direction of developing the oilfield service business in a more organized manner thereby expanding their horizon to various geographies across the world.
Aakash Exploration Services share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Aakash Exploration Services indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Aakash Exploration Services is valued compared to its competitors.
Aakash Exploration Services PE ratio helps investors understand what is the market value of each stock compared to Aakash Exploration Services 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Aakash Exploration Services evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Aakash Exploration Services generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Aakash Exploration Services in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Aakash Exploration Services shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Aakash Exploration Services compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Aakash Exploration Services over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Aakash Exploration Services helps investors get an insight into when they can enter or exit the stock. Key components of Aakash Exploration Services Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Aakash Exploration Services shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Aakash Exploration Services ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Aakash Exploration Services provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Aakash Exploration Services highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Aakash Exploration Services .
The balance sheet presents a snapshot of Aakash Exploration Services ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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