AAKASH

Aakash Exploration Services Limited

Aakash Exploration Services Limited (AAKASH) financial statements and selected valuation metrics through 30 June 2026.

Energy›Oil, Gas & Consumable Fuels›Oil›Offshore Support Solution Drilling

aakashexploration.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹8.21
Market cap
83 Cr
Stock P/E
23.8
P/B
1.30
ROE (FY24)
10.6%
ROCE (FY24)
13.3%
Operating margin (FY24)
10.4%
Debt / equity (FY24)
0.31
OCF / EBITDA (FY26)
95.8%
OCF / EBITDA (3Y)
77.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Aakash Exploration Services is an Ahmedabad-based provider of oil and gas extraction services, which the company states is its only line of activity.

Company snapshot

5thBy market cap

Ranked among 5 companies in Offshore Support Solution Drilling.

What we see

Concerns
  • ✗Net margin is very thin at 2.2% — little room for error if costs rise.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales21 Cr22 Cr31 Cr26 Cr23 Cr23 Cr26 Cr24 Cr25 Cr31 Cr33 Cr28 Cr
Operating expenses (approx.)17 Cr19 Cr24 Cr23 Cr21 Cr21 Cr23 Cr21 Cr22 Cr27 Cr27 Cr26 Cr
EBITDA4 Cr3 Cr7 Cr3 Cr2 Cr2 Cr3 Cr3 Cr3 Cr4 Cr5 Cr2 Cr
OPM %18.4%12.8%22.5%12.9%8.8%9.4%9.9%12.1%11.7%12.7%16.3%8.0%
Other income0.10 Cr0.05 Cr0.39 Cr0.53 Cr0.37 Cr0.31 Cr0.37 Cr0.29 Cr0.18 Cr0.22 Cr0.59 Cr1 Cr
Interest0.48 Cr0.35 Cr0.60 Cr0.54 Cr0.48 Cr0.35 Cr0.60 Cr0.58 Cr0.51 Cr0.45 Cr0.37 Cr0.49 Cr
Depreciation2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr3 Cr3 Cr
Profit before tax2 Cr0.54 Cr5 Cr2 Cr0.18 Cr0.38 Cr0.38 Cr0.72 Cr0.37 Cr1 Cr3 Cr0.71 Cr
Tax %25.4%25.3%26.4%26.2%37.6%31.0%28.3%25.0%25.5%25.4%29.6%26.2%
Net profit1 Cr0.41 Cr4 Cr1 Cr0.11 Cr0.26 Cr0.28 Cr0.54 Cr0.28 Cr0.80 Cr2 Cr0.52 Cr
EPS (₹)₹0.12₹0.04₹0.35₹0.12₹0.01₹0.03₹0.03₹0.05₹0.03₹0.08₹0.19₹0.05

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales34 Cr60 Cr77 Cr93 Cr92 Cr98 Cr112 CrSign in free for the trailing twelve months
Operating expenses (approx.)27 Cr47 Cr62 Cr79 Cr75 Cr88 Cr97 CrSign in free for the trailing twelve months
EBITDA7 Cr13 Cr15 Cr13 Cr17 Cr10 Cr15 CrSign in free for the trailing twelve months
OPM %19.7%21.3%19.9%14.4%18.6%10.3%13.4%Sign in free for the trailing twelve months
Other income0.22 Cr0.59 Cr0.51 Cr1 Cr0.59 Cr2 Cr1 CrSign in free for the trailing twelve months
Interest1 Cr2 Cr1 Cr2 Cr2 Cr2 Cr2 CrSign in free for the trailing twelve months
Depreciation4 Cr6 Cr6 Cr7 Cr8 Cr7 Cr10 CrSign in free for the trailing twelve months
Profit before tax2 Cr6 Cr8 Cr6 Cr8 Cr3 Cr5 CrSign in free for the trailing twelve months
Tax %34.4%25.5%25.4%26.1%25.9%28.0%27.6%Sign in free for the trailing twelve months
Net profit1 Cr4 Cr6 Cr5 Cr6 Cr2 Cr3 CrSign in free for the trailing twelve months
EPS (₹)——₹0.62₹0.45₹0.61₹0.18₹0.35Sign in free for the trailing twelve months
Dividend payout %——0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital5 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr
Reserves12 Cr31 Cr38 Cr42 Cr48 Cr50 Cr54 Cr
Borrowings12 Cr13 Cr10 Cr18 Cr18 Cr17 Cr22 Cr
Other liabilities5 Cr11 Cr13 Cr13 Cr17 Cr19 Cr20 Cr
Total liabilities34 Cr66 Cr71 Cr83 Cr94 Cr96 Cr106 Cr
Fixed assets (net)19 Cr42 Cr46 Cr63 Cr59 Cr61 Cr71 Cr
CWIP———0 Cr0 Cr0 Cr0 Cr
Investments0.0006 Cr3 Cr0.0006 Cr0.0006 Cr7 Cr3 Cr0.0006 Cr
Loans & advances———0.39 Cr0.29 Cr5 Cr4 Cr
Trade receivables9 Cr15 Cr21 Cr15 Cr25 Cr22 Cr25 Cr
Cash & bank3 Cr1 Cr0.34 Cr1 Cr0.83 Cr0.41 Cr0.11 Cr
Other assets3 Cr5 Cr3 Cr3 Cr2 Cr5 Cr6 Cr
Total assets34 Cr66 Cr71 Cr83 Cr94 Cr96 Cr106 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity5 Cr14 Cr10 Cr18 Cr10 Cr8 Cr14 Cr
Cash from investing-6 Cr-6 Cr-7 Cr-24 Cr-10 Cr-4 Cr-16 Cr
Cash from financing-0.29 Cr-7 Cr-3 Cr6 Cr-0.25 Cr-4 Cr1 Cr
Net cash flow-1 Cr0.73 Cr-0.89 Cr0.92 Cr-0.42 Cr-0.42 Cr-0.30 Cr
Free cash flow (OCF − Capex)-0.97 Cr11 Cr-0.60 Cr18 Cr10 Cr8 Cr-5 Cr

Ratios

MetricMar 2024
ROCE %13.3%
ROE %10.6%
Debtor days97
Inventory days0
Days payable107
Cash conversion cycle-10
OCF / EBITDA %59.6%
Debt / equity0.31
Current ratio1.21
Net debt / EBITDA1.01