Aban Offshore (ABAN) is loss-making over the last 12 months, losing ₹192 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹14.16, 62% below its 52-week high. Sales grew 1.1% a year over 3 years. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹17,084 Cr. It is a small-cap company with a market cap of ₹83 Cr, ranked 49th of 57 Oil & Gas Drilling companies by market cap; the shares fell 63% over the past year.
- ₹14.10
- ₹14.64
- ₹14.10
- ₹14.38
- 10.8K
Health check
- ReturnsBehind
−62.7% over a year, better than 0 of 7 peers.
- Price tagNegative equity
Book value is below zero, so P/E and P/B mislead here.
- GrowthUnder pressure
Sales +1.1% a year over 3 years, but loss-making now.
- ProfitabilityDistorted
With negative net worth, return ratios are meaningless.
- Balance sheetStretched
Negative net worth: liabilities exceed assets.
- Red flags4 to check
Loss-making over the last twelve months.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹83 Cr
- Small cap
- P/E
- n/a
- Industry 18.7
- Price to book
- −0.00
- Peers 1.35
- Dividend yield
- 0.00%
- ROE
- n/a
- Peers 13.6%
- ROCE
- n/a
- Peers 19.6%
- Debt to equity
- n/a
- Debt ₹17,084 Cr
- EPS (TTM)
- −₹32.94
- Face value ₹2
- OPM (TTM)
- 36.9%
- Net margin −41.8%
- Sales growth
- +44.4%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.18
- EV/EBITDA 76.7
Strengths and risks
Strengths
- Quarterly sales up 44.4% on a year ago.
Risks to check
- Loss-making over the last twelve months.
- Negative net worth: liabilities exceed assets.
- 62% below its 52-week high.
- Interest coverage of only 0.3×.
About Aban Offshore
Aban Offshore Limited, together with its subsidiaries, provides offshore drilling and production services for exploration, development, and production of oil and gas in India and internationally. It owns and operates fleets, such as offshore drilling rigs, jack up rigs, semi-submersible rigs, drill ships, and floating production units. The company was incorporated in 1986 and is based in Chennai, India.
- Headquarters
- Chennai
- Employees
- 26
- Sector
- Energy
- ISIN
- INE421A01028
- Website
- abanoffshore.com
Price range
- Avg volume (3M)
- 21.9K
- 1-year return
- minus 62.7%
- From 52-week high
- minus 62.4%
Peers · Oil & Gas Drilling
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| RELIANCEReliance Industries | 1,320.00 | plus 0.50% | 17,86,286 | 21.8 | 10.7 | 9.0% | 11.2% | 0.44 | 6.4% | minus 10.8% |
| ONGCOil & Natural Gas Corporation | 231.76 | plus 0.77% | 2,91,561 | 5.9 | 3.6 | 12.6% | 17.7% | 0.43 | −1.3% | minus 8.9% |
| COALINDIACoal India | 400.00 | plus 1.45% | 2,46,509 | 7.4 | 4.8 | 19.6% | 19.5% | 0.12 | 9.3% | plus 4.4% |
| IOCIndian Oil Corporation | 146.25 | plus 1.21% | 2,06,523 | 4.3 | 3.8 | 20.5% | 7.3% | 0.58 | −2.2% | minus 14.6% |
| BPCLBharat Petroleum Corporation | 319.90 | plus 0.88% | 1,38,789 | 8.7 | 3.8 | 26.4% | 3.4% | 0.62 | −1.2% | minus 15.0% |
| GAILGAIL (India) | 185.79 | minus 0.11% | 1,22,158 | 9.7 | 12.8 | 9.1% | 11.6% | 0.25 | −0.9% | plus 2.4% |
| HINDPETROHindustan Petroleum Corporation | 387.15 | plus 1.87% | 82,379 | 57.4 | 4.2 | 23.3% | 1.2% | 1.40 | 0.2% | minus 21.6% |
| ABANAban Offshore | 14.16 | minus 1.53% | 83 | – | 65.0 | – | 44.4% | – | 1.1% | minus 62.7% |
| Median of 7 peers | – | 0.88% | 2,06,523 | 8.7 | 4.2 | 19.6% | 11.2% | 0.44 | −0.9% | −10.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 114 | 105 | 91.3 | 99.1 | 165 | |
| 81 | 90.4 | 66.4 | 59.2 | 74.3 | |
| 33.4 | 14.4 | 24.9 | 39.9 | 90.9 | |
| 29.2% | 13.7% | 27.3% | 40.3% | 55.0% | |
| 0 | −18.5 | 21.3 | −27.5 | 0 | |
| 280 | 289 | 3.2 | −16.9 | – | |
| – | – | −21.3 | −22 | – | |
| −246 | −293 | 21.7 | 7.4 | 90.9 | |
| −2.6% | −4.9% | −36.4% | 76.0% | 7.9% | |
| −253 | −307 | 29.6 | 1.8 | 83.7 | |
| -43.32 | -52.66 | 5.06 | – | 14.35 |
Profit & loss
- Sales CAGR 3Y
- +1.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 397 | 400 | 476 | 410 | |
| – | +0.7% | +19.0% | minus 13.9% | |
| 399 | 259 | 145 | 247 | |
| −1.8 | 141 | 330 | 163 | |
| −0.5% | 35.2% | 69.5% | 39.8% | |
| −21.9 | −50.7 | 69 | 84.8 | |
| 1,076 | 1,058 | 1,077 | 555 | |
| 47.1 | 97.1 | 118 | 118 | |
| 86.5 | −232 | −69 | −84.8 | |
| −1,060 | −1,297 | −865 | −510 | |
| −2.7% | −1.6% | −2.9% | −3.6% | |
| −1,091 | −1,318 | −889 | −529 | |
| -186.90 | -225.81 | -152.40 | -90.63 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.7 | 11.7 | 11.7 | 11.7 | |
| −22,308 | −23,884 | −25,414 | −28,252 | |
| 15,135 | 15,308 | 15,697 | 17,084 | |
| 8,889 | 10,079 | 11,238 | 12,912 | |
| 1,727 | 1,515 | 1,533 | 1,756 | |
| 327 | 299 | 271 | 406 | |
| 15 | 13.8 | 13.8 | 11.8 | |
| 149 | 43.5 | 192 | 125 | |
| 1,236 | 1,158 | 1,056 | 1,213 | |
| 1,727 | 1,515 | 1,533 | 1,756 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 130 | −72.3 | 139 | 15.8 | |
| 1,399 | −11 | 17.6 | −109 | |
| −1,470 | −21.6 | −9.2 | −47.4 | |
| 60.5 | −105 | 147 | −141 | |
| −0.5 | −17.1 | −1.2 | −122 | |
| 130 | −89.4 | 138 | −106 |
Shareholding pattern
- Promoters46.00%
- Public54.00%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 46.00% | 54.00% | 0.00 | |
| 30 Jun 2026 | 46.00% | 54.00% | 0.00 | |
| 31 Mar 2026 | 46.00% | 54.00% | 0.00 | |
| 31 Dec 2025 | 46.00% | 54.00% | 0.00 | |
| 30 Sep 2025 | 46.00% | 54.00% | – |
Major shareholders
Filings & events
News
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