Oil & Gas Field Services
₹00.39
AAKASH
Aakash Exploration Services Limited (AESL) was incorporated in 2007 and is headquartered in Ahmedabad, India. AESL is an India-based company that provides specialized services for oil and gas exploration and production. The company operates as a specialized service provider in the oil and gas sector, focusing on field services during the production stage of oil exploration activities, after survey of land and drilling processes are completed. AESL is an ISO 9001, 14001, and OHSAS 18001 certified company. It has positioned itself as a reliable partner for both public sector undertakings and private oil field operators in India.
Aakash Exploration Services operates with a comprehensive service portfolio designed to support oil and gas production activities, ensuring smooth and efficient operations. AESL utilizes various key equipment, including Air Compressors, Coil Tubing Units, Work Over Rigs, and Sucker Rod Pumping (SRP) Units.
The company offers services using specialized machinery such as:
* Mobile workover rigs
* Hot oil circulation units
* Heating units
* Indirect bath heaters
* Mobile sucker rod pumping units
* Utility services for return lines
* Mobile steaming units
* Mobile high-pressure air compressors
* Mobile high and low-pressure pumping units
* FRAC/insulated tanks
* Acid pumping units
Its core services include oil enhanced recovery, wellhead maintenance, wellhead greasing, hot oil circulation, mold guide on sucker rod, drilling rig operations, chemical dosing, acid pumping, sucker rod pumping, flush-by operations, workover rig services, mobile air compression, mobile pumping units, and mobile steaming units. Additionally, the company also engages in the manufacture of refined petroleum products.
The company serves a diverse clientele across India's oil and gas sector. AESL provides its services to major public sector undertakings like M/s. Oil & Natural Gas Corporation Ltd (ONGC) for their Ahmedabad, Mehsana, and Hazira projects. It also extends its services to prominent private oil field operators such as GSPCL, Cairn, Essar, Great Eastern Energy, Indian Oil Corporation (IOC), Niko, Oil India Limited (OIL), Price Petroleum, Reliance, and Vedanta. The company is actively involved in various projects with entities including Hindustan Oil Exploration Company Ltd, ONGC, Reliance, Vedanta, and Oil India. This strong client base establishes AESL as a significant partner in India's oil and gas exploration industry.
For the full fiscal year ending March 2025, Aakash Exploration Services reported a net profit of Rs 1.84 crore, a decline of 70.37% compared to Rs 6.21 crore in the previous fiscal year (ending March 2024). Sales for FY 2025 rose by 6.46% to Rs 98.19 crore, up from Rs 92.23 crore in FY 2024.
In the fourth quarter of FY 2025 (ended March 2025), net profit declined by 92.02% to Rs 0.28 crore, a decrease from Rs 3.51 crore in the corresponding quarter of FY 2024. Sales for the quarter decreased by 16.57% to Rs 25.77 crore, down from Rs 30.89 crore in Q4 FY 2024.
During the third quarter of FY 2025, Aakash Exploration Services Ltd's revenue increased by 8.33% year-on-year to ₹23.67 crore. However, its net profit fell by 36.59% year-on-year to ₹0.26 crore in Q3 FY 2025.
The company has secured significant contracts recently, highlighting its competitive position and operational capabilities in the industry.
* Oil India Contract: AESL received a ₹33.70 crore, 2-year service contract from Oil India for steam stimulation services in Rajasthan.
* ONGC Contract: The company also received a Letter of Award (LOA) from ONGC for a 3-year charter of a 50 MT workover rig at Ahmedabad, valued at ₹19.36 crore. This rig will be deployed at ONGC's Ahmedabad Asset.
These wins underscore AESL's ability to secure long-term engagements with key players in the sector.
Aakash Exploration Services Ltd holds a market capitalization of ₹ 103 Cr as of July 18, 2025.
* PE Ratio: 56.50 (as of Jul 2025)
* PB Ratio: 1.71 (as of Jul 2025)
* Return on Equity (ROE): 7.67% over the last 3 years, indicating room for improvement.
On a trailing 12-month basis, Aakash Exploration Services has an operating revenue of Rs. 98.19 Cr. The company shows good annual revenue growth of 7%. However, its pre-tax margin of 3% and ROE of 3% need improvement to strengthen its financial standing.
Aakash Exploration Services Ltd is debt-free, possessing a strong balance sheet. This financial stability enables the company to report stable earnings growth across business cycles.
Promoter holding in Aakash Exploration Services Ltd stood at 66.54% as of March 2025, showing a slight decrease from 66.67% in June 2024.
The key management personnel include Hemang Navin Haria as the Chairman and Nisha Agarwal as the Company Secretary. The company's board comprises independent directors who provide essential governance oversight and strategic guidance to the organization.
Aakash Exploration Services Ltd operates within the specialized niche of oil and gas field services. Its top peers in the broader Oil & Gas sector include Jindal Drilling, Dolphin Offshore, and Duke Offshore. The company competes directly with other service providers in its specialized segment.
M/s. Aakash Roadlines was initially formed on May 30, 2006, with a business objective focused on transportation, technical services, and common carrier operations. The company later converted into a Public Limited Company, and its name was officially changed to Aakash Exploration Services Limited on November 8, 2017. This evolution reflects the company's strategic shift from transportation services to becoming a specialized provider within the energy sector, showcasing its adaptability and growth trajectory.
With its debt-free balance sheet, established client relationships with major oil companies, and a consistent stream of contract wins, Aakash Exploration Services continues to solidify its position as a reliable and growing partner in India's oil and gas exploration and production industry.
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2.
Mr. Amit Bansal
Designated Director /
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