Antelopus Selan Energy share price today

Antelopus Selan Energy Ltd's share price was ₹888.60 at the close on 6 November 2026. It has been rising for 30 weeks. That is 7.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹363 and ₹1,262, and at that close it sat 58% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Antelopus Selan Energy Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 11 weeks in a row.

Over the last 11 years the share price moved +423% while the NIFTY 500 moved +243%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: operating margin up 16 points on a year earlier, highest quarterly profit in 16 quarters and indian funds and insurers (DIIs) raised their stake for 3 quarters in a row.

1. Operating margin up 16 points on a year earlier

   69% in the September 2026 quarter, from 53%.

   Why: Margins rose because the company spread fixed costs over its output and spent less on operating and handling costs. That helped even though crude prices were lower.

   Next results: check whether the margin holds, since costs for the KG field may rise for a time before new volumes cover them.

   From the earnings call on 26 Oct 2026.

2. Highest quarterly profit in 16 quarters

   Profit of ₹57 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Profit reached a record because a ₹6.5 crore refund lifted earnings and the company kept more from each sale as fixed costs were spread over its output.

   Next results: check whether profit holds without the refund, since management only called its full year margin level an endeavor, not a firm promise.

   From the earnings call on 26 Oct 2026.

3. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row

   From 0% to 1.1% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Antelopus Selan Energy reported revenue of ₹119 crore, up 116.4% from ₹55.0 crore a year earlier, and a profit of ₹57.0 crore, up 375.0% from ₹12.0 crore.

Antelopus Selan Energy results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Antelopus Selan Energy's management discussed these results on a call held on 26 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Antelopus Selan Energy closed at ₹888.60 on 6 November 2026, up 65.7% from ₹536.20 a year earlier (7 November 2025) and up 482.1% over five years. Its highest weekly close since April 2016 was ₹1,261.70 on 25 September 2026.

Antelopus Selan Energy share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

561 weekly closes from 1 April 2016 to 6 November 2026.

6 Nov 2026: Antelopus Selan Energy closed at ₹888.60, down 10.9% on the week and down 19.3% on the month. 26 Oct 2026: Antelopus Selan Energy held its results call for July to September 2026. Management guided: Production exit trajectory: around 2,500 BOE/d this fiscal year, around 3,500 next year, and a 5,000 BOE/d business by FY29.

Earlier

• Results for July to September 2026: Revenue up 116.4% and profit up 375.0% on a year earlier.
• Our read, 17 May 2026: FY26 closed with profit +27% on a year earlier to ₹89.61 Cr, exit rate 1,880 boepd in March 2026, up from 1,193 boepd average in FY25, driven entirely by new wells at Karjisan, Bakrol, and Cambay.,New Oil Fields Act 2025 extended PSC asset lives by 10 years, reducing amortization by ₹1,776 Lakhs in FY26 and permanently lifting profit from the same production level, a structural earnings boost.,Management goals 2,500 boepd in FY27 through a self-funded plan (zero long-term debt) but C-78 well at Cambay did not achieve commercial production, and C-79 is still in planning, execution risk is real.

Our read of the business

FY26 closed with profit +27% on a year earlier to ₹89.61 Cr, exit rate 1,880 boepd in March 2026, up from 1,193 boepd average in FY25, driven entirely by new wells at Karjisan, Bakrol, and Cambay.,New Oil Fields Act 2025 extended PSC asset lives by 10 years, reducing amortization by ₹1,776 Lakhs in FY26 and permanently lifting profit from the same production level, a structural earnings boost.,Management goals 2,500 boepd in FY27 through a self-funded plan (zero long-term debt) but C-78 well at Cambay did not achieve commercial production, and C-79 is still in planning, execution risk is real.

Latest quarter: Exit rate 1,880 boepd, guidance delivered; Iran-conflict crude spike amplifies profit.

Our read after the latest results, written 17 May 2026.

Antelopus Selan Energy paid no dividend in the 12 months to 7 November 2026. The last was an interim dividend of ₹5 a share, ex-date 17 February 2022.

Antelopus Selan Energy dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Not in its latest year. Antelopus Selan Energy Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 9 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 7 November 2026.

On the call for July to September 2026, held on 26 October 2026, Antelopus Selan Energy's management guided: Production exit trajectory: around 2,500 BOE/d this fiscal year, around 3,500 next year, and a 5,000 BOE/d business by FY29.

“If I am losing money at an oil price of $50, I would think twice about executing that capital project.”Suniti Bhat, MD & CEO, on the call for July to September 2026

What management guided

• FY capital spending of around ₹250 crore.
• Indicative well costs: KG around $10 million versus $1.5 million in Cambay; a simplified Duarmara oil-goal well estimated at ₹60-70 crore.
• Complete the seven-well Karjisan drilling campaign within the current fiscal year.
• Maintaining operating margin above 65% for the full year described as an endeavor, not a firm promise.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 26 October 2026.

What is changing at Antelopus Selan Energy, from the latest results and calls: production volume ramp, multi-field new wells, structural amortization relief, psc life extension and india royalty reform, structural policy tailwind.

• Structural Amortization Relief, PSC Life Extension. New Oil Fields Act 2025 enabled 10-year extension of PSC asset lives at Bakrol, Lohar, Cambay, reducing amortization by ₹1,776 Lakhs in FY26 and permanently lifting profit at any production level. ⚠ estimate
• India Royalty Reform, Structural Policy Tailwind. India cut onshore crude oil royalty to 10% (May 8, 2026), a direct cost reduction for onshore E&P operators like Antelopus Selan, improving netbacks at any given Brent price. ⚠ estimate
• Cambay PSC New Well Programme. C-78 drilled Oct/Nov 2025 did NOT achieve commercial production; C-79 in planning, Cambay execution is the weakest link in the 2,500 boepd thesis. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 17 May 2026.

FY26 avg realization fell to $66/boe from $75/boe FY25; every $5/boe swing in crude translates to ~₹25-30 Cr annualized revenue impact at 1,355 boepd, the company has no pricing power.

The main risks

• Crude Oil Price Reversion, Primary P&L Risk: FY26 avg realization fell to $66/boe from $75/boe FY25; every $5/boe swing in crude translates to ~₹25-30 Cr annualized revenue impact at 1,355 boepd, the company has no pricing power. ✓ fact
• Cambay C-78 / C-79 Well Failure, Execution Miss: C-78 failed commercial production; C-79 in planning, if both Cambay wells disappoint, the 2,500 boepd FY27 goal falls short by ~300-400 boepd. ✓ fact
• Promoter Ownership Complexity, Blackbuck Energy / Antelopus Merger: Promoter jumped from 30.46% to 69.93-69.94% via amalgamation with Antelopus Energy Private Limited; Blackbuck Energy Investments Ltd has the entire promoter block, concentrated ownership in a single entity with limited public history. ✓ fact
• Synergia JV Counterparty Risk: Synergia is seeking 'alternative options' after Selan failed to complete the $14M SPA, disruption in Cambay JV governance could delay the work programme. ✓ fact

Our read after the latest results, written 17 May 2026.

When Antelopus Selan Energy reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Karjisan wells converting into sustained production and supporting the portfolio ramp.

Antelopus Selan Energy is on one of our India lists: Oil & gas stocks.

Antelopus Selan Energy Ltd earned ₹57.0 Cr of net profit in the Sep 2026 quarter, +375.0% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹90.0 Cr. Over 10 years profit has grown 21.3% a year on average. That is 47.9% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹12.0 Cr.

For the full year, FY26 profit was ₹90.0 Cr (+26.8% on the year before).

Why profit moved: revenue changed +116.4% on a year earlier and the margin moved +16.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +243.7% and revenue +87.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Antelopus Selan Energy Ltd reported ₹119 Cr of revenue in the Sep 2026 quarter, +116.4% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 16.2% a year on average. The last full year, FY26, came in at ₹279 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The Government of India notified revised royalty rates on May 8, 2026. Onshore crude oil royalty reduced to 10%; offshore to 8%; gas royalty to 8% via revised wellhead price formula. For Antelopus Selan, which operates entirely onshore in Gujarat, Assam, and Andhra Pradesh, this is a direct reduction in production costs. The full benefit accrues from Q1 FY27 onwards. The policy was driven by West Asia conflict energy security concerns and PM Modi's 'Vocal for Local' push, bipartisan support makes reversal unlikely.

The last four reported quarters add to ₹423 Cr.

FY26 revenue was ₹279 Cr, +8.1% on the year before.

Recent pace: the last four quarters grew +87.2% on average, against 16.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +82.3%, against +35.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +216.1%, against +77.8% a year (accelerating).

Antelopus Selan Energy Ltd's operating margin was 69.0% in the Sep 2026 quarter, 16.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 24.0% and 81.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The volume inflection began in Q2 FY26 (Sep 2025) when Karjisan new wells started producing. Q3 FY26 showed 35% overall production growth YoY to 1,498 boepd. By March 2026 the exit rate hit 1,880 boepd, having already delivered the prior-year 1,800+ boepd exit guidance. FY27 goal of 2,500 boepd requires: remaining Bakrol wells by H1 FY27, seven new Karjisan FDP wells (drilling start end FY27), and one Cambay well in H2 FY27. The Karjisan leg is the most credible, four wells already proving the reservoir. Bakrol and Cambay execution remain the variables.

Why the margin moved: operating margin changed +15.5 percentage points on the year while gross margin changed +2.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 159% of Antelopus Selan Energy Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹116 Cr of operating cash against ₹90.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹237 Cr of spending on assets, free cash was −₹121 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 159% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 4.4× depreciation over three years. The next section checks what that spending is building.

Antelopus Selan Energy Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 88 days in FY26, down from 94 days in FY21. It spent ₹590 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹279 Cr, each day of that cycle ties up about ₹0.8 Cr, so roughly ₹67.0 Cr is tied up in the business at any time.

Spending on assets: ₹590 Cr over the last 3 years, against ₹135 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹210 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Antelopus Selan Energy Ltd's P/E is 16.9×, near the low end of its own history: it has been lower only 31% of the time. Its usual P/E (the middle reading) is 25.4×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹50.63.