Get 50% OFF This Monsoon!

Advertisement
AdvertisementAdvertisement
logo

Aban Offshore

ABAN
Micro Cap
(%) 1D
no_data

No Data Available

1D1W1M3M6M1YMAX

Investor Sentiment

50%50%
Bullish
Bearish
Advertisement
AdvertisementAdvertisement

Aban Offshore Share price and Fundamental Analysis

View All Details
View All Details
Aban Offshore Limited (AOL) was established in the year 1986 by M.A. Abraham, India's largest offshore drilling contractor in the private sector and ISO 9001:2000 accredited company offering world-class drilling and oil field services for offshore exploration and production of hydrocarbons to the oil industry in India and abroad. AOL currently possesses twenty offshore drilling and production units, it owns and operates several offshore drilling rigs, drill ships, and a floating production facility, 'Tahara'. The services offered by the company are Exploratory Services, Drilling Services, Production of hydrocarbons and Manning and management.
Company Incorporation1986
ChairmanPejavar Murari
Head QuartersNA
Previous NameNA

Key Metrics

Market Cap (Cr)
275.95
PE Ratio
0
Industry P/E
6.73
PEG Ratio
0
ROE
3.5%
ROCE
-2.53%
ROA
-58.99%
Total Debt (Cr)
15,697
Debt to Equity
-0.62
Dividend Yield
0%
EPS
0
Book Value & P/B
-4352.24 x 0
Face Value
2
Outstanding Shares(Cr)
5.84
Current Ratio
0.05
EV to Sales
34.19

Stock Returns

1 Week+4.16%
1 Month+1.09%
6 Months+17.64%
1 Year-42.16%
3 Years-14.67%
5 Years+80.42%
no_data

No Stocks

Smart Score

1.9
icn

Unlock Smart Score

See Detailed Analysis & Insights

icn

Unlock Insights

See Detailed Analysis & Insights

Technicals

Returns Calculator

If you would have invested
In 5 years the current value would be
NaNCRNaNCR( %)

Research Report

No Research Report

View Other Reports >

Corporate Action

Board-Meetings
Board-Meetings
Dividends
Bonus
Splits
Right-issues
AGM-EGM
Bulk-Deal
Block-Deal

Financials

Half Yearly Statement

/ View Standalone
PARTICULARS

Total Revenue

Total Expenses

Operating Expense

Operating Profit

Interest

Depreciation & Amortization

Profit Before Tax

Tax

Profit after tax

Adj EPS in Rs - Basic

Adj EPS in Rs - Diluted

Profit and Loss Statement

/ View Standalone
Credit Rating
Director Report
Chairman Report
Auditor Report

Balance sheet

/ View Standalone

Cashflow Statement

/ View Standalone
Jun 25

Promoters : 46.00%

FIIs : 0.01%

DIIs : 0.26%

Public : 53.74%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 19.37% of holding in June 2025 Qtr
FII Shareholding Decreased by 0.11% to 0.01% in June 2025 Qtr
DII Shareholding Decreased by 0.7% to 0.26% in June 2025 Qtr

Top Shareholders

View all Share Holders

Key Ratios

Profitability
Valuation
Liquidity

ROE

Avg ROE (3 Yrs) : NaN%

ROCE

Avg ROCE (3 Yrs) : NaN%

ROA

Avg ROA (3 Yrs) : NaN%

NPM

Avg NPM (3 Yrs) : NaN%

Dividend History

Aban Offshore Competitors

Sector
Industry

Company Name

MCap(TTM)

PE(TTM)

P/B(TTM)

ROE(TTM)

D/E

Current Ratio(TTM)

5 Year FactSheet

Profitability
Profitability
Growth Ratios
Valuation Ratios
Cashflow Ratios
Debt and Liquidity
Efficiency Ratios

Documents

Annual Reports
Con-Call

News

Aban Offshore Management and History

Company Management

icn

Unlock Management Data

See Detailed Analysis & Insights

Company History

Aban Offshore Limited (AOL) was established in the year 1986 by M.A. Abraham, India's largest offshore drilling contractor in the private sector and ISO 9001:2000 accredited company offering world-class drilling and oil field services for offshore exploration and production of hydrocarbons to the oil industry in India and abroad. AOL currently possesses twenty offshore drilling and production units, it owns and operates several offshore drilling rigs, drill ships, and a floating production facility, 'Tahara'. The services offered by the company are Exploratory Services, Drilling Services, Production of hydrocarbons and Manning and management.

AOL launched its first contract drilling service to the ONGC in the year 1987 with two modern jack-up drilling rigs acquired from the USA. The imported rigs named as Aban-I and Aban-II was employed at Godavari basin and Mumbai High respectively. During the year 1988, the Company received a letter of intent from ONGC for charter hire of a drillship (Five Star) for two years with an option to extend the contract for a further period of two years. Necessary steps were being taken to obtain approvals from the Government for the said drillship. In 1989, the Company bagged a manning and management contract against a global tender from ONGC to man and manage 300 feet cantilever jack-up-rig Sagar Uday' in Mumbai High. During the year 1990, many private sector companies in India chose to exit the drilling business. However, AOL preferred to increase its focus on the sector with newer rigs, acquisitions and mergers and also the company diversified into oil related areas. AOL entered into fresh charter hire contracts with ONGC in the year 1992 for ABAN-I and ABAN-II for a primary period of two years. The Rig Lead Ansterdam was added to the fleet.

In 1993, as Fleet addition, AOL purchased a 300-ft. jack-up rig from Mahindra & Mahindra Ltd. The Company undertook to set up a 3 million TPA capacity petroleum refinery in the year 1994. It has also set up 2 MW wind power plant in Muppandal and Kayathar in Tamil Nadu during the same year. In 1995, AOL has commissioned 62 wind turbines for its enhancement in business. The Company has received a new charter hire contract in the year 1996 for ABAN-I from ONGC for deployment in the West Coast of India for a period of three years. AOL has entered into new contract in the year 1997 for Rig I'le D'Amsterdam with increased rates for a period of two years. The company acquired Hitech Drilling Services (India) Ltd., belongs to the Tata Group, boosting AOL's fleet to four rigs. This also enables AOL to enter the FPSO business with the FPU Tahara' owned by Hitech during the period of 2000-01. In the year 2002, AOL ties up with Qatar Shipping to bid for Shipping Corporation of India's disinvestments programme. During the year 2003, Company's offshore has been registered for ISO 9001:2000 by KPMG quality Register. AOL adds two jack-up rigs (Aban V and Aban VI) and a drill ship (Frontier Ice) under Fleet addition in the year 2005 and also in line with its global expansion strategy, AOL launched Aban Singapore Pte Ltd. (ASPL) in November of the same year 2005 as its vehicle for international operations. ASPL, in turn, sets up 3 SPVs as step down subsidiaries, each equipped with a rig or drill ship. ASPL acquires a 33.7% stake in Sinvest ASA during the year 2006, a Norwegian company with eight new premium jack-ups on order. ASPL subsequently completes the acquisition in stages, including a mandatory offer to all shareholders. The Company received letters of Firm Order in the year 2007 from ONGC for deployment of 3 rigs Aban III, Aban IV and Aban V, for a period of 3 years each. During the same year 2007, AOL purchased Semi-Submersible Rig ' Bulford Dolphin' (being renamed 'Aban Pearl') through Aban Pearl Pte Ltd (AAPL), subsidiary of its wholly owned Subsidiary Aban Singapore Pte Ltd (ASPL). During the same year 2007, a subsidiary of the company has entered into a Contract with Chevron Offshore (Thailand) Limited (Chevron) for provision of the jack-up drilling rig, Deep Driller 2 valued USD 28 million to USD 40 million.

In February of the year 2008, a subsidiary of the Company has received a Letter of Award from PTTEP International Limited for a 3 well contract offshore Myanmar, for the jack-up drilling rig Deep Driller 5. As on March 2008, A Letter of Intent has been received for the deployment of the newly built jack-up rig Aban VIII in the Middle East for 18 wells plus 4 optional wells programme. The estimated revenues from the Contract (with an estimated duration of approx. 4 years) are approx. USD 300 million. As on May 2008, a contract that has been signed by the company with Exxon Neftegas Limited for the deployment of the Jack-up rig Murmanskaya Offshore Russia for a 2 well programme. Credit Analysis & Research Ltd. (CARE) has revised the ratings for the Cumulative Non-Convertible Cumulative Redeemable Preference Shares (CRPS) issued by the Company. The revised ratings stand at CARE A- (RPS) (Single A minus Redeemable Preference Share) for all the CRPS Issues; it was received in the month of May in 2008.

AOL is going with its vision to achieve far-reaching success in every field by developing innovative, integrated, enterprising and world-class services for the global market. The Indian and international projects, both of the company survive and AOL wants to be at the forefront, in the fiercely competitive business environment, through the managerial, technical and operational excellence, range of services and skilled manpower.

The Company consolidated the integration of the Sinvest company into Aban. It completed three projects during 2008-09, which included refurbishment and up-gradation. It took delivery of new rigs Deep Driller 6, 7, 8 and Aban VIII after the completion of construction.

During the year 2010, 5697135 Equity Shares of Rs.2/- each were issued and allotted under Qualified Institutional Placements (QIP). Radhapuram Wintech Private Ltd was incorporated during the year 2013 as new subsidiary for supply of green power. As part of corporate restructuring, Sinvest AS, a Norwegian Subsidiary was merged with Aban International Norway AS in 2013.

During the year 2015, Company placed 1,07,83,608 equity shares through the process of Qualified Institutional Placement (QIP) and raised an amount of Rs. 7500 Million. During the financial year 2014-15 Aban Green Power Pvt Ltd became a subsidiary of Company.

During the Year 2015-16, Promoter group were allotted 610000 shares upon payment made by them under Preferential allotment. DDI Holdings AS Norway merged with Aban International Norway AS in 2016. Consequent to divestment of shares,Radhapuram Wintech Private Ltd and Aban Green Power Private Limited ceased to be subsidiary of Aban Offshore Limited w.e.f. 26 December, 2016. Aban Hydrocarbons Pte Ltd had ceased to become step down subsidiary of the company in 2018. Caldera Petroleum (UK) Ltd became a step down subsidiary of the company during the year 2019. Aban Hydrocarbons Pte Limited ceased to be the associate of the Company in 2022.

Aban Offshore Share Price

Aban Offshore 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.

Aban Offshore Market Cap

Market capitalization of Aban Offshore 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 Aban Offshore is valued compared to its competitors.

Aban Offshore PE Ratio

Aban Offshore PE ratio helps investors understand what is the market value of each stock compared to Aban Offshore '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.

Aban Offshore PEG Ratio

The PEG ratio of Aban Offshore 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.

Aban Offshore ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Aban Offshore generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Aban Offshore ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Aban Offshore 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.

Aban Offshore Total Debt

Total debt of Aban Offshore 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.

Aban Offshore Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Aban Offshore 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.

Aban Offshore CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Aban Offshore 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.

Aban Offshore Technical Analysis

Technical analysis of Aban Offshore helps investors get an insight into when they can enter or exit the stock. Key components of Aban Offshore Technical Analysis include:

Support Levels (S1, S2, S3)

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.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Aban Offshore shares often struggle to rise above due to selling pressure.

Aban Offshore Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Aban Offshore ’s financial health and profitability.

Aban Offshore Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Aban Offshore Stock Split

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.

Aban Offshore Financials

The financials of Aban Offshore 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.

Aban Offshore Profit and Loss Statements

The profit and loss statement of Aban Offshore 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 Aban Offshore .

Aban Offshore Balance Sheet

The balance sheet presents a snapshot of Aban Offshore ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Aban Offshore Cashflow Statements

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.