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Selan Explorations Technology
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Established in 1985, Selan Exploration Technology Limited is a leading private sector listed company engaged in Oil & Gas Exploration and Production (E&P) since 1992. As one of the pioneers in the Indian E&P sector, the Company was among the first private sector entities to obtain rights for developing discovered oilfields in Gujarat after the Government of India opened the sector to private players in 1992. At present, the Company holds a portfolio of three Oil and Gas fields, namely Bakrol, Lohar, and Karjisan, located in the State of Gujarat.
The company presently undertakes seismic data acquisition work for ONGC in the Cauvery Basin in South India. Commencing the work in 1991, till 1995, the company had covered 1666 ground line kilometres (GLK). The second two-year phase work commenced in Aug.'94.
The company entered into the business of proven oil fields where presence of hydrocarbon is already established. Ministry of Petroleum and Gas, Government of India, has approved of contracts with the company for the development of oil and gas fields namely, Lohar, Bakrol and Indrora. The company came out with a public issue in Feb.'95 to invest in development of the discovered oil fields. It obtained physical possession of the oil fields in Dec.'95 and oil production commenced in Jan.'96.
Selan is having detailed negotiations with the Ministry of Petroleum for award of additional oil fields in onshore Gujarat.
During 1998-99, the seismic division of the Company has completed data acquisition of approximately 25 Sq. Kms. area at Indrora oilfield. The company's net profit increase from 8 million to 14 million in the year 1999-2000 as compared to the previous year.
During the year 2000-01, the Company drilled a new well in the Bakrol field. The Seismic evaluation was undertaken with reference to Indrora field during 2001. In 2009-10, the Company commenced commercial sale of Associated Natural Gas, though on a small scale. It commenced a new drilling campaign across all its existing fields during the FY 2022-23.
Selan Explorations Technology 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 Selan Explorations Technology 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 Selan Explorations Technology is valued compared to its competitors.
Selan Explorations Technology PE ratio helps investors understand what is the market value of each stock compared to Selan Explorations Technology '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 Selan Explorations Technology 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 Selan Explorations Technology 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 Selan Explorations Technology 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 Selan Explorations Technology 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 Selan Explorations Technology 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 Selan Explorations Technology 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 Selan Explorations Technology helps investors get an insight into when they can enter or exit the stock. Key components of Selan Explorations Technology 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 Selan Explorations Technology 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 Selan Explorations Technology ’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 Selan Explorations Technology 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 Selan Explorations Technology 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 Selan Explorations Technology .
The balance sheet presents a snapshot of Selan Explorations Technology ’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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