South West Pinnacle Exploration Limited (SWPEL) is an ISO 9001:2015 certified company specializing in comprehensive exploration and mining services. Incorporated as "South West Pinnacle Exploration Private Limited" on November 27, 2006, in New Delhi, the company transitioned to a Public Limited Company in November 2017. SWPEL provides drilling, exploration, and allied services to various industries, including coal, ferrous, non-ferrous, atomic, and base metal mining, as well as water and unconventional energy sectors, both in India and internationally.
The company operates through two primary business segments: Drilling & Exploration and Coal Mining & Trading. Its service portfolio includes a wide range of offerings such as wireline core drilling, reverse circulation drilling, large diameter drilling, down-the-hole drilling, coalbed methane exploration and production drilling. Additionally, SWPEL provides aquifer mapping services, geological and geophysical services, workover rig services, 2D/3D seismic exploration services, integrated exploration services (geophysical logging, surface geophysical and topographic surveys, geological field consultancy), and mining services for coal blocks and copper.
The company is strategically guided by Vikas Jain, who serves as the Chairman and Managing Director. Vaishali holds the position of Company Secretary and Compliance Officer. The company's promoters are Vikas Jain and Piyush Jain. Vikas Jain, a board member since inception, is instrumental in strategic decision-making, while Piyush Jain, who joined the board in 2009, actively contributes to planning, scheduling, and supervising operations.
As of recent data (May 23, 2025), South West Pinnacle Exploration Ltd holds a Market Capitalization of ₹449 Crores, reflecting a robust increase of 36.5% over the past year. The Promoter Holding stands at 68.8%, although it experienced a decrease of 4.76% over the last quarter. The company's shares are actively traded on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), with the share price at ₹150.38 (NSE) and ₹151.50 (BSE) on the specified date.
South West Pinnacle Exploration demonstrated strong financial performance in the fiscal year 2025.
* Q4 FY25 Net Profit: Rose significantly by 256.79% to ₹9.99 Crores, compared to ₹2.80 Crores in Q4 FY24.
* Q4 FY25 Sales: Increased by 64.05% to ₹73.84 Crores, versus ₹45.01 Crores in the previous year's quarter.
* Full Year FY25 Net Profit: Grew 98.67% to ₹16.43 Crores, compared to ₹8.27 Crores in FY24.
* Full Year FY25 Sales: Rose 35.14% to ₹180.30 Crores, against ₹133.42 Crores in FY24.
* Stock P/E Ratio: 30.3
* Book Value: ₹57.6
* Return on Equity (ROE): 10.0%
* Return on Capital Employed (ROCE): 12.6%
* Dividend Yield: 0.49%
* 52-Week High: ₹169.00
* 52-Week Low: ₹99.05
The company has significantly scaled its operational capabilities, having drilled over 4 lakh meters in diverse areas including Coal & Mineral, CBM, Shale Gas, and Aquifer mapping during 2019-20. In 2021-22, SWPEL completed more than 2.1 million meters of drilling, alongside 464 square kilometers of 3D and 407 line kilometers of 2D seismic data acquisition and processing. This period saw the completion of 110 projects, with 8 specifically in FY 21-22. The company has also expanded its client base, adding six new private/public sector clients, and diversified its exploration and drilling domains to include Geo-Thermal, Unconventional Oil & Gas, and Underground Core Drilling for Copper and Gold Exploration.
Furthermore, SWPEL has ventured into international markets through the acquisition of a 35% share in Alara Resources LLC, Muscat, Oman, establishing a joint venture with Alara Oman Operations Pty Ltd, Australia, to pursue exploration business in the Oman region.
From a financial health perspective, South West Pinnacle Exploration has made strides in reducing its debt levels. However, investors should note certain metrics: the company has had a relatively low Return on Equity of 7.87% over the last 3 years, a low dividend payout at 12.2% of profits over the same period, and high debtor days of 151 days.
Despite these considerations, the company's recent performance exhibits strong momentum, with Net Sales, Profit, and EBITDA showing significant year-on-year increases for March 2025. This surge in Net Sales by 64.02% and substantial improvement in EPS highlights the company's ability to capitalize on the growing demand for exploration and drilling services within India's expanding mining and energy sectors.
