ABAN
Aban Offshore Limited
Offshore drilling services provider to oil and gas exploration companies
Energy›Oil, Gas & Consumable Fuels›Oil›Offshore Support Solution Drilling
abanoffshore.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹16.03
Market cap
94 Cr
Stock P/E
Loss (TTM EPS ₹-32.95)
Operating margin (FY26)
9.4%
Debt / equity (FY26)
0.00
OCF / EBITDA (FY26)
38.9%
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
Aban Offshore is the Indian parent of the Aban group, whose single reported business segment is offshore drilling, with rigs held across the group.
Company snapshot
4thBy market cap
Ranked among 5 companies in Offshore Support Solution Drilling.
What we see
Positives
- ✓Debt-to-equity of 0.00x — the company is largely funded by its own money, not borrowed funds.
Concerns
- ✗Net margin is negative — the company is spending more than it earns right now.
1 more signal from the filings.Sign in free to see them all
Statement tables · Consolidated
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
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 63 Cr | 94 Cr | 137 Cr | 128 Cr | 115 Cr | 116 Cr | 116 Cr | 114 Cr | 105 Cr | 91 Cr | 99 Cr | 165 Cr |
| Operating expenses (approx.) | 104 Cr | 134 Cr | 187 Cr | 98 Cr | 93 Cr | 104 Cr | 89 Cr | 79 Cr | 108 Cr | 71 Cr | 79 Cr | 77 Cr |
| EBITDA | -40 Cr | -39 Cr | -50 Cr | 30 Cr | 22 Cr | 13 Cr | 27 Cr | 35 Cr | -3 Cr | 20 Cr | 20 Cr | 89 Cr |
| OPM % | -63.5% | -41.8% | -36.3% | 23.5% | 19.3% | 11.0% | 23.3% | 30.8% | -3.0% | 22.4% | 20.1% | 53.7% |
| Other income | 12 Cr | 12 Cr | 10 Cr | 25 Cr | 158 Cr | 4 Cr | 5 Cr | 2 Cr | 3 Cr | 8 Cr | 10 Cr | 13 Cr |
| Interest | 265 Cr | 274 Cr | 277 Cr | 273 Cr | 277 Cr | 279 Cr | 280 Cr | 280 Cr | 289 Cr | 3 Cr | 0 Cr | 0 Cr |
| Depreciation | 23 Cr | 22 Cr | 13 Cr | 13 Cr | 13 Cr | 7 Cr | 5 Cr | 4 Cr | 4 Cr | 4 Cr | 23 Cr | 11 Cr |
| Profit before tax | -316 Cr | -324 Cr | -332 Cr | -231 Cr | -110 Cr | -270 Cr | -254 Cr | -246 Cr | -293 Cr | 22 Cr | 7 Cr | 91 Cr |
| Tax % | -0.5% | -0.8% | -2.5% | -2.9% | -4.7% | -2.5% | -2.5% | -2.6% | -4.9% | -36.5% | 75.6% | 7.9% |
| Net profit | -318 Cr | -327 Cr | -340 Cr | -238 Cr | -115 Cr | -277 Cr | -260 Cr | -253 Cr | -307 Cr | 30 Cr | 2 Cr | 84 Cr |
| EPS (₹) | ₹-54.44 | ₹-56.00 | ₹-58.28 | ₹-40.72 | ₹-19.76 | ₹-47.39 | ₹-44.53 | ₹-43.32 | ₹-52.68 | ₹5.06 | ₹0.31 | ₹14.35 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | — | — | 848 Cr | 974 Cr | 1,069 Cr | 598 Cr | 397 Cr | 400 Cr | 476 Cr | 410 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | — | — | 4,366 Cr | 8,339 Cr | 2,018 Cr | 1,579 Cr | 528 Cr | 602 Cr | 384 Cr | 337 Cr | Sign in free for the trailing twelve months |
| EBITDA | — | — | -3,518 Cr | -7,365 Cr | -949 Cr | -981 Cr | -131 Cr | -202 Cr | 92 Cr | 73 Cr | Sign in free for the trailing twelve months |
| OPM % | — | — | -414.7% | -756.2% | -88.7% | -163.9% | -33.0% | -50.5% | 19.4% | 17.7% | Sign in free for the trailing twelve months |
| Other income | — | — | 113 Cr | 13 Cr | 224 Cr | 15 Cr | 134 Cr | 48 Cr | 192 Cr | 23 Cr | Sign in free for the trailing twelve months |
| Interest | — | — | 1,137 Cr | 1,203 Cr | 1,106 Cr | 1,097 Cr | 1,110 Cr | 1,092 Cr | 1,110 Cr | 572 Cr | Sign in free for the trailing twelve months |
| Depreciation | — | — | 675 Cr | 845 Cr | 195 Cr | 145 Cr | 47 Cr | 50 Cr | 38 Cr | 34 Cr | Sign in free for the trailing twelve months |
| Profit before tax | — | — | -5,220 Cr | -9,401 Cr | -1,992 Cr | -2,154 Cr | -1,063 Cr | -1,297 Cr | -865 Cr | -510 Cr | Sign in free for the trailing twelve months |
| Tax % | — | — | -1.0% | 4.6% | 1.0% | -1.1% | -2.7% | -1.6% | -2.9% | -3.6% | Sign in free for the trailing twelve months |
| Net profit | — | — | -5,273 Cr | -8,973 Cr | -1,973 Cr | -2,177 Cr | -1,091 Cr | -1,318 Cr | -889 Cr | -529 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | — | — | ₹-903.61 | ₹-1537.46 | ₹-337.99 | ₹-373.04 | ₹-373.00 | ₹-225.81 | ₹-152.40 | ₹-90.63 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | — | — | — | — | — | 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
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 12 Cr | 12 Cr | 12 Cr | 12 Cr | 12 Cr | 12 Cr | 12 Cr | 12 Cr | 12 Cr | 12 Cr |
| Reserves | 2,624 Cr | 7 Cr | -5,320 Cr | -15,332 Cr | -16,834 Cr | -19,524 Cr | -22,308 Cr | -23,884 Cr | -25,414 Cr | -28,252 Cr |
| Borrowings | 12,030 Cr | 241 Cr | 167 Cr | 54 Cr | 80 Cr | — | 15,135 Cr | 15,308 Cr | 15,697 Cr | 17,084 Cr |
| Other liabilities | 4,062 Cr | 16,678 Cr | 18,799 Cr | 21,272 Cr | 21,362 Cr | 22,481 Cr | 8,902 Cr | 10,079 Cr | 11,238 Cr | 12,912 Cr |
| Total liabilities | 18,728 Cr | 16,938 Cr | 13,657 Cr | 6,006 Cr | 4,619 Cr | 2,968 Cr | 1,740 Cr | 1,515 Cr | 1,533 Cr | 1,756 Cr |
| Fixed assets (net) | 15,193 Cr | 14,369 Cr | 10,986 Cr | 3,744 Cr | 2,865 Cr | 369 Cr | 327 Cr | 299 Cr | 271 Cr | 406 Cr |
| CWIP | 9 Cr | — | 6 Cr | — | — | — | 13 Cr | 13 Cr | 0 Cr | 0 Cr |
| Investments | 27 Cr | 27 Cr | 26 Cr | 23 Cr | 23 Cr | 23 Cr | 23 Cr | 22 Cr | 22 Cr | 22 Cr |
| Loans & advances | — | — | — | — | — | — | 116 Cr | 43 Cr | 55 Cr | 89 Cr |
| Inventories | 377 Cr | 378 Cr | 417 Cr | 461 Cr | 290 Cr | 196 Cr | 97 Cr | 112 Cr | 115 Cr | 132 Cr |
| Trade receivables | 1,855 Cr | 1,873 Cr | 1,113 Cr | 1,093 Cr | 538 Cr | 418 Cr | 327 Cr | 139 Cr | 81 Cr | 98 Cr |
| Cash & bank | 81 Cr | 72 Cr | 69 Cr | 44 Cr | 72 Cr | 86 Cr | 149 Cr | 44 Cr | 192 Cr | 68 Cr |
| Other assets | 1,185 Cr | 218 Cr | 1,039 Cr | 640 Cr | 830 Cr | 1,876 Cr | 688 Cr | 843 Cr | 797 Cr | 941 Cr |
| Total assets | 18,728 Cr | 16,938 Cr | 13,657 Cr | 6,006 Cr | 4,619 Cr | 2,968 Cr | 1,740 Cr | 1,515 Cr | 1,533 Cr | 1,756 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 1,802 Cr | 396 Cr | 978 Cr | -976 Cr | 679 Cr | -434 Cr | 128 Cr | -67 Cr | 139 Cr | 28 Cr |
| Cash from investing | 257 Cr | -68 Cr | -1,590 Cr | -629 Cr | 11 Cr | 206 Cr | 1,402 Cr | -16 Cr | 32 Cr | -121 Cr |
| Cash from financing | -2,102 Cr | -319 Cr | 656 Cr | 1,635 Cr | -620 Cr | 253 Cr | -1,470 Cr | -22 Cr | -23 Cr | -47 Cr |
| Net cash flow | -43 Cr | 9 Cr | 44 Cr | 30 Cr | 70 Cr | 26 Cr | 61 Cr | -105 Cr | 148 Cr | -124 Cr |
| Free cash flow (OCF − Capex) | 1,751 Cr | 278 Cr | 15 Cr | -1,124 Cr | 644 Cr | -435 Cr | 127 Cr | -84 Cr | 138 Cr | -93 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | — | — | — | — | — | — | — | — | — | — |
| ROE % | — | — | — | — | — | — | — | — | — | — |
| Debtor days | — | — | 478 | 410 | 183 | 254 | 300 | 127 | 62 | 87 |
| Inventory days | — | — | 1171 | 1143 | 628 | 807 | 419 | 878 | 933 | 1095 |
| Days payable | — | — | 2659 | 2319 | 1313 | 1384 | 1699 | 3050 | 1418 | 2169 |
| Cash conversion cycle | — | — | -1011 | -767 | -501 | -323 | -980 | -2045 | -424 | -986 |
| OCF / EBITDA % | — | — | — | — | — | — | — | — | 150.8% | 38.9% |
| Debt / equity | 4.56 | 12.89 | — | — | — | — | 0.00 | 0.00 | — | 0.00 |
| Current ratio | 0.63 | 0.15 | 0.12 | 0.09 | 0.06 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 |
| Net debt / EBITDA | — | — | — | — | — | — | — | — | 168.33 | 234.44 |