Aakash Exploration Services
Market Cap
₹936.1m
Last Updated
2021/01/21 12:16 UTC
Data Sources
Company Financials
Executive Summary
Aakash Exploration Services Limited provides support services for oil and gas extraction in India. More Details
Risk Analysis
Snowflake Analysis
Adequate balance sheet with questionable track record.
Share Price & News
How has Aakash Exploration Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AAKASH is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: AAKASH's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
9.6%
AAKASH
-4.1%
IN Energy Services
0.07%
IN Market
1 Year Return
106.8%
AAKASH
0.3%
IN Energy Services
19.1%
IN Market
Return vs Industry: AAKASH exceeded the Indian Energy Services industry which returned 0.3% over the past year.
Return vs Market: AAKASH exceeded the Indian Market which returned 19.1% over the past year.
Shareholder returns
| AAKASH | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.6% | -4.1% | 0.07% |
| 30 Day | 42.5% | 3.8% | 10.2% |
| 90 Day | 73.5% | 8.5% | 24.2% |
| 1 Year | 106.8%106.8% | 1.1%0.3% | 21.3%19.1% |
| 3 Year | n/a | -28.5%-30.5% | 9.5%4.2% |
| 5 Year | n/a | 43.9%38.2% | 83.1%69.2% |
Long-Term Price Volatility Vs. Market
How volatile is Aakash Exploration Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
We Think Aakash Exploration Services (NSE:AAKASH) Can Stay On Top Of Its Debt2 months ago | Simply Wall St
Is Aakash Exploration Services Limited's (NSE:AAKASH) Recent Stock Performance Influenced By Its Fundamentals In Any Way?4 months ago | Simply Wall St
The Market Lifts Aakash Exploration Services Limited (NSE:AAKASH) Shares 39% But It Can Do MoreValuation
Is Aakash Exploration Services undervalued compared to its fair value and its price relative to the market?
20.67x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate AAKASH's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate AAKASH's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: AAKASH is poor value based on its PE Ratio (20.7x) compared to the IN Energy Services industry average (16.1x).
PE vs Market: AAKASH is poor value based on its PE Ratio (20.7x) compared to the Indian market (19.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AAKASH's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AAKASH is overvalued based on its PB Ratio (2.3x) compared to the IN Energy Services industry average (1.2x).
Next Steps
Future Growth
How is Aakash Exploration Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
21.7%
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Aakash Exploration Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Aakash Exploration Services's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Aakash Exploration Services competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
Past Performance
How has Aakash Exploration Services performed over the past 5 years?
35.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AAKASH has high quality earnings.
Growing Profit Margin: AAKASH's current net profit margins (6.8%) are lower than last year (8.5%).
Past Earnings Growth Analysis
Earnings Trend: AAKASH's earnings have grown significantly by 35.1% per year over the past 5 years.
Accelerating Growth: AAKASH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AAKASH had negative earnings growth (-12%) over the past year, making it difficult to compare to the Energy Services industry average (-12%).
Return on Equity
High ROE: AAKASH's Return on Equity (11.4%) is considered low.
Next Steps
Financial Health
How is Aakash Exploration Services's financial position?
Financial Position Analysis
Short Term Liabilities: AAKASH's short term assets (₹206.5M) exceed its short term liabilities (₹107.5M).
Long Term Liabilities: AAKASH's short term assets (₹206.5M) exceed its long term liabilities (₹164.4M).
Debt to Equity History and Analysis
Debt Level: AAKASH's debt to equity ratio (54.6%) is considered high.
Reducing Debt: AAKASH's debt to equity ratio has reduced from 115.8% to 54.6% over the past 5 years.
Debt Coverage: AAKASH's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: AAKASH's interest payments on its debt are well covered by EBIT (3.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Aakash Exploration Services's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AAKASH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AAKASH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AAKASH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AAKASH's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AAKASH's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average board tenure
CEO
Vipul Haria (50 yo)
no data
Tenure
₹3,600,000
Compensation
Mr. Vipul Navin Haria has been Managing Director at Aakash Exploration Services Ltd. since December 2017. He serves as Chairman at Aakash Exploration Services Limited. Mr. Haria has experience of over many...
CEO Compensation Analysis
Compensation vs Market: Vipul's total compensation ($USD49.34K) is about average for companies of similar size in the Indian market ($USD44.62K).
Compensation vs Earnings: Vipul's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Chairman | no data | ₹3.60m | 6.14% ₹ 57.4m | |
| CFO & Whole Time Director | 14yrs | ₹2.40m | 25.18% ₹ 235.7m | |
| Whole Time Director | 14yrs | ₹720.00k | 8.15% ₹ 76.3m | |
| Non-Executive Independent Director | 3.08yrs | no data | no data | |
| Non-Executive Independent Director | 3.08yrs | no data | no data | |
| Non-Executive Independent Director | 3.08yrs | no data | no data |
3.1yrs
Average Tenure
45yo
Average Age
Experienced Board: AAKASH's board of directors are considered experienced (3.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Aakash Exploration Services Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Aakash Exploration Services Limited
- Ticker: AAKASH
- Exchange: NSEI
- Founded: 2007
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: ₹936.056m
- Shares outstanding: 10.13m
- Website: https://www.aakashexploration.com
Number of Employees
Location
- Aakash Exploration Services Limited
- Shukan Mall
- 424-426, 4th Floor
- Ahmedabad
- Gujarat
- 380005
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AAKASH | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Apr 2018 |
Biography
Aakash Exploration Services Limited provides support services for oil and gas extraction in India. It offers services using machineries, such as mobile work over rigs, hot oil circulation units, heating un...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 12:16 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.