NSEI:AAKASH

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Aakash Exploration Services

Executive Summary

Aakash Exploration Services Limited provides support services for oil and gas extraction in India. More Details


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

AAKASHIndustryMarket
7 Day9.6%-4.1%0.07%
30 Day42.5%3.8%10.2%
90 Day73.5%8.5%24.2%
1 Year106.8%106.8%1.1%0.3%21.3%19.1%
3 Yearn/a-28.5%-30.5%9.5%4.2%
5 Yearn/a43.9%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

Valuation

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

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

NamePositionTenureCompensationOwnership
Vipul Haria
MD & Chairmanno data₹3.60m6.14%
₹ 57.4m
Hemang Haria
CFO & Whole Time Director14yrs₹2.40m25.18%
₹ 235.7m
Krunal Haria
Whole Time Director14yrs₹720.00k8.15%
₹ 76.3m
Divyang Rameshchandra Patel
Non-Executive Independent Director3.08yrsno datano data
Piyush Vasanji Savla
Non-Executive Independent Director3.08yrsno datano data
Ami Nirav Shah
Non-Executive Independent Director3.08yrsno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AAKASHNSEI (National Stock Exchange of India)YesEquity SharesININRApr 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 12:16
End of Day Share Price2021/01/21 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.