# Antelopus Selan Energy share price today (Antelopus Selan Energy Ltd, NSE: ANTELOPUS)

> Antelopus Selan Energy share price today: ₹963.70 at the NSE close on 4 November 2026, up 79.7% in a year. Antelopus Selan Energy (NSE: ANTELOPUS) is worth ₹3,404 crore, trades at a P/E of 18.4 and has closed between ₹363.40 and ₹1,261.70 over the past 52 weeks. > Antelopus Selan Energy Ltd's multiple is near its low because earnings grew even faster than a 6× rise in the share price over five years. The multiple is low because of growth, not neglect. Results are still improving, and its P/E is higher than only 34% of its own 11-year history. ANTELOPUS · Oil Drilling & Exploration · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/antelopus-selan-energy-ltd

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## Key numbers

- Business trend: Turning around, from fewer quarters than usual
- Price: ₹963.70 (+79.7% in a year)
- P/E: 18.4× (lower than 66% of the last 11 years)
- Revenue (Sep 2026): ₹119 Cr (+116.4% on a year ago)
- Profit (Sep 2026): ₹57.0 Cr (+375.0% on a year ago)
- Operating margin: 69.0% (+16.0 points on a year ago)
- ROCE: 20%, FY26
- Profit that came in as cash: 159%, last 3 years

The main question: the share price moved +79.7% in a year while yearly earnings per share moved −45.1%. The difference came from the market paying a higher multiple. ## What is the Antelopus Selan Energy share price today? Antelopus Selan Energy Ltd's share price was ₹963.70 at the close on 4 November 2026. It has been rising for 30 weeks. That is 16.3% 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 67% of the way up from that low. 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 +467% 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. ## What changed at Antelopus Selan Energy this quarter? 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. ## What are Antelopus Selan Energy's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹119 crore | ₹55.0 crore | +116.4% |
| Profit | ₹57.0 crore | ₹12.0 crore | +375.0% |
| Earnings per share | ₹16.24 | ₹3.36 | +383.3% |
| Operating margin | 69.0% | 53.0% | +16.0 points |

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.)

## What is the Antelopus Selan Energy share price history? Antelopus Selan Energy closed at ₹963.70 on 4 November 2026, up 79.7% from ₹536.20 a year earlier (7 November 2025) and up 531.3% 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

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹997.50 | −3.4% |
| 1 month ago · 1 Oct 2026 | ₹1,106.50 | −12.9% |
| 6 months ago · 8 May 2026 | ₹663.10 | +45.3% |
| 1 year ago · 7 Nov 2025 | ₹536.20 | +79.7% |
| 3 years ago · 3 Nov 2023 | ₹436.65 | +120.7% |
| 5 years ago · 4 Nov 2021 | ₹152.65 | +531.3% |
| 10 years ago · 4 Nov 2016 | ₹184.95 | +421.1% |
| Earliest weekly close in our records · 1 Apr 2016 | ₹170.05 | +466.7% |
| Highest weekly close since April 2016, also the 52-week high · 25 Sep 2026 | ₹1,261.70 | −23.6% |
| Lowest weekly close since April 2016 · 27 Mar 2020 | ₹64.95 | +1,383.8% |
| 52-week low (weekly close) · 9 Jan 2026 | ₹363.40 | +165.2% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (561 weekly closes from 1 April 2016 to 4 November 2026.)

## What is the latest news on Antelopus Selan Energy? 4 Nov 2026: Antelopus Selan Energy closed at ₹963.70, down 3.4% on the week and down 12.9% 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.)

## What dividend does Antelopus Selan Energy pay? Antelopus Selan Energy paid no dividend in the 12 months to 5 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

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 17 Feb 2022 | ₹5 | Interim | 19 Feb 2022 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 1 of 5 Of the last 5 financial years, years with an NSE dividend record

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 5 November 2026.)

## What did Antelopus Selan Energy management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/3135-26-Oct-2026.pdf). (From the call for July to September 2026, 26 October 2026.)

## What is the future of Antelopus Selan Energy? What is changing in the business? 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.)

## What could change the Antelopus Selan Energy story? What are the risks? 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.)

## What to watch in Antelopus Selan Energy's next results? 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. - What to check (from the call)
- Karjisan wells converting into sustained production and supporting the portfolio ramp. - Cambay appraisal results clarifying oil-versus-gas potential and the joint-venture partner's next steps. - KG resource estimate and phased field-development plan clarifying the basin's potential and appraisal sequence. - Duarmara oil-development decision and joint-venture plan; gas monetization remains exposed to pipeline resolution. ## Which stock lists is Antelopus Selan Energy on? Antelopus Selan Energy is on one of our India lists: Oil & gas stocks. [Oil & gas stocks Group on the list: Oil and gas producers](https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india)

## Is Antelopus Selan Energy profitable? 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. 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. ## How much revenue does Antelopus Selan Energy make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Antelopus Selan Energy keep? 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. 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. ## Is Antelopus Selan Energy's profit turning into cash? 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. 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. ## Where does Antelopus Selan Energy's cash go? 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. 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. ## What is Antelopus Selan Energy's P/E ratio, and how does it compare with its own history? Antelopus Selan Energy Ltd's P/E is 18.4×, near the low end of its own history: it has been lower only 34% 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. 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. Why the multiple is where it is: over the past year earnings per share moved −45.1% while the price moved +79.7%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +44.6% a year; about +58.5% a year came from earnings growth and about −13.9 percentage points from the multiple (the market paying less); over 10 years the price moved +17.9% a year; about +25.3% a year came from earnings growth and about −7.4 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 2.7% on reported income across 7 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What growth does the Antelopus Selan Energy share price assume? Worked out from its price on 27 August 2026, Antelopus Selan Energy Ltd's share price assumed profit growth of about 11.7% a year. Over the past 10 years its profit actually grew 21.3% a year. Today its P/E is 18.4×, lower than 66% of its own last 11 years. This is a one-day reading, taken on 27 August 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Antelopus Selan Energy business getting better or worse? Antelopus Selan Energy Ltd's business is turning around. Profit growth has swung from +0.0% at its low to +216.1%, improving for 3 quarters in a row, with ROCE rising at 20.0%. This is based on 9 quarters of 4 measures, with some gaps. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## What is the Antelopus Selan Energy story, and has it been checked? Antelopus Selan Energy Ltd's story is not scored yet against the checks our research set on 17 May 2026. Where it sits in its own cycle: MID CONTRACTION. Still open: 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. What is proven. See the research file

What is not proven yet. 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 test written in advance. Crude Oil Price Reversion, Primary P&L Risk. Measured by: Crude Oil Price Reversion, Primary P&L Risk Monthly Brent crude price; average realization per boe in Q1 FY27 results by the next result. The test written in advance. Cambay C-78 / C-79 Well Failure, Execution Miss. Measured by: Cambay C-78 / C-79 Well Failure, Execution Miss C-79 drill result announcement; Cambay production in Q1-Q2 FY27 by the next result. The test written in advance. Promoter Ownership Complexity, Blackbuck Energy / Antelopus Merger. Measured by: Promoter Ownership Complexity, Blackbuck Energy / Antelopus Merger Any related-party disclosures; FII stake trend in Mar 2026 and Jun 2026 quarters by the next result. What the company does. FY26 closed with PAT +27% YoY 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 PAT 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. Lever 1 · Operating leverage: building. Karjisan +48% to 684 boepd on 4 new wells; Bakrol at 555 boepd; exit rate 1,880 boepd March 2026 vs 1,193 boepd FY25 average, volume is the primary earnings engine. What proves it keeps working: Production Volume Ramp, Multi-Field New Wells. It stops working if Monthly Brent crude price; average realization per boe in Q1 FY27 results. Lever 2 · Value-added mix: building. 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 PAT at any production level. What proves it keeps working: Structural Amortization Relief, PSC Life Extension. It stops working if Monthly Brent crude price; average realization per boe in Q1 FY27 results. Lever 14 · A bigger market to serve: building. 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. What proves it keeps working: India Royalty Reform, Structural Policy Tailwind. It stops working if Monthly Brent crude price; average realization per boe in Q1 FY27 results. Lever 6 · Order-book wins: building. 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. What proves it keeps working: Cambay PSC New Well Programme. It stops working if Monthly Brent crude price; average realization per boe in Q1 FY27 results. Sources: our stock research file (17 May 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## What is Antelopus Selan Energy management's track record? No SEBI order/fraud; amalgamation restated FY26 with unmodified auditor opinion (V. Sankar Aiyar). 0% Promoter shares pledged

Sources:

- [marketsmojo.com](https://www.marketsmojo.com/Stocks?StockId=401879)
- [groww.in](https://groww.in/stocks/selan-exploration-technology-ltd)
- [tijorifinance.com](https://www.tijorifinance.com/company/selan-exploration-technology-limited/shareholding)

(Checked 7 June 2026.)

## How much does Antelopus Selan Energy earn on its capital? Antelopus Selan Energy Ltd earned a ROCE of 20% in FY26. That is up from a low of −2% in FY21. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 32.3% net margin and 0.34× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 32.3% net margin × 0.34× asset turnover × 1.26× leverage (assets divided by equity) ≈ 13.8% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 2.7% on reported income across 7 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Antelopus Selan Energy have too much debt? Antelopus Selan Energy Ltd had ₹4.0 Cr of borrowings against ₹655 Cr of equity in FY26, so its debt is 0.01× its equity. Its operating profit is more than 100 times its interest bill. Over 5 years borrowings went from ₹1.0 Cr to ₹4.0 Cr. Over the last 3 of those years it spent ₹590 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 2.7% on reported income across 7 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Antelopus Selan Energy shareholding pattern? Promoters raised their stake in Antelopus Selan Energy Ltd by 39.2 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 69.7% of the company. Foreign institutions moved −4.2 points over the same period, to 0.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: +39.2 points over 8 quarters, to 69.7%; Foreign institutions: −4.2 points over 8 quarters, to 0.5%; Domestic institutions: +1.0 points over 8 quarters, to 1.1%. Why the owners changed: promoters drove it (+39.2 points), with the other side taken by foreign institutions (−4.2 points). They raised their stake step by step. ## How far is Antelopus Selan Energy from balance-sheet trouble? For Antelopus Selan Energy Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Antelopus Selan Energy rank in its industry? 75.3 out of 100, rank 1 of 10 in Oil Drilling & Exploration, with 82% of the evidence available. Antelopus Selan Energy Ltd scores 75.3 out of 100 against the 10 companies it is compared with in Oil Drilling & Exploration, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 27.4 + 21 + 7.6 + 19.3 = 75.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Antelopus Selan Energy compared with? Antelopus Selan Energy ranks 1 of 10 Oil Drilling & Exploration companies on the 4-Factor Sector Score, with 75.3 out of 100. 1. Antelopus Selan Energy Ltd this page ANTELOPUS · breaking out · Most evidence points up · 82% evidence 75.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.4/35 · Revenue 82.3% · Profit 100% · Operating margin change 16 points · 95% evidence Capital efficiency 21.0/25 · ROCE 19.9% · Operating margin 69% · 76% evidence Valuation 7.6/20 · P/E 19× · PEG n/a · 50% evidence Relative strength 19.3/20 · Lead over its industry 23.7% · Lead over NIFTY 500 47.3% · 1 year 74.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 27.4 + 21 + 7.6 + 19.3 = 75.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Deep Industries Ltd](https://www.sectoralpha.in/stocks/deep-industries-ltd) DEEPINDS · leader · Most evidence points up · 78% evidence 69.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.0/35 · Revenue 48.7% · Profit 100% · Operating margin change -2 points · 83% evidence Capital efficiency 16.8/25 · ROCE 16.5% · Operating margin 39% · 76% evidence Valuation 12.1/20 · P/E 10.3× · PEG n/a · 50% evidence Relative strength 15.4/20 · Lead over its industry 12.8% · Lead over NIFTY 500 36.3% · 1 year 38.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 25 + 16.8 + 12.1 + 15.4 = 69.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Dolphin Offshore Enterprises (India) Ltd](https://www.sectoralpha.in/stocks/dolphin-offshore-enterprises-indialtd) DOLPHIN · breaking out · Most evidence points up · 93% evidence 65.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/35 · Revenue 82% · Profit 41.5% · Operating margin change -26 points · 100% evidence Capital efficiency 15.7/25 · ROCE 14.9% · Operating margin 63% · 100% evidence Valuation 12.0/20 · P/E 32.4× · PEG 0.85 · 65% evidence Relative strength 18.6/20 · Lead over its industry 15% · Lead over NIFTY 500 40.1% · 1 year 63.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19.4 + 15.7 + 12 + 18.6 = 65.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [United Drilling Tools Ltd](https://www.sectoralpha.in/stocks/united-drilling-tools-ltd) UNIDT · Evidence leans up · 76% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/43.75 · Revenue 7.6% · Profit 26.3% · Operating margin change -1.4 points · 88% evidence Capital efficiency 14.8/31.25 · ROCE 10.4% · Operating margin 17.8% · 100% evidence Valuation 16.8/25 · P/E 25.7× · PEG 0.99 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 24.5 + 14.8 + 16.8 = 56.1 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 5. [Asian Energy Services Ltd](https://www.sectoralpha.in/stocks/asian-energy-services-ltd) ASIANENE · leader · Evidence leans up · 84% evidence 54.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.2/35 · Revenue 100% · Profit 100% · Operating margin change 3 points · 74% evidence Capital efficiency 11.9/25 · ROCE 16.3% · Operating margin 11% · 100% evidence Valuation 12.8/20 · P/E 25.2× · PEG 0.85 · 65% evidence Relative strength 9.5/20 · Lead over its industry 2.1% · Lead over NIFTY 500 23.7% · 1 year 22.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.2 + 11.9 + 12.8 + 9.5 = 54.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Oil India Ltd](https://www.sectoralpha.in/stocks/oil-india-ltd) OIL · breaking out · Evidence leans up · 78% evidence 51.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.9/35 · Revenue 19.2% · Profit 34.8% · Operating margin change 16 points · 83% evidence Capital efficiency 13.1/25 · ROCE 11.5% · Operating margin 46% · 76% evidence Valuation 9.7/20 · P/E 8.8× · PEG n/a · 50% evidence Relative strength 7.1/20 · Lead over its industry -16.2% · Lead over NIFTY 500 4.4% · 1 year 4.8% · 100% evidence · 8 of 12 weeks ahead Exact sum: 21.9 + 13.1 + 9.7 + 7.1 = 51.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Jindal Drilling & Industries Ltd](https://www.sectoralpha.in/stocks/jindal-drilling-industries-ltd) JINDRILL · quiet · Evidence leans down · 74% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.3/35 · Revenue 11.9% · Profit -19.3% · Operating margin change -6 points · 88% evidence Capital efficiency 13.8/25 · ROCE 13.7% · Operating margin 36% · 100% evidence Valuation 16.1/20 · P/E 7.4× · PEG 0.62 · 65% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -6.5% · 1 year -13.8% · 25% evidence · 3 of 12 weeks ahead Exact sum: 9.3 + 13.8 + 16.1 + 8 = 47.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Oil & Natural Gas Corpn Ltd](https://www.sectoralpha.in/stocks/oil-natural-gas-corpn-ltd) ONGC · turning · Evidence leans down · 78% evidence 41.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 7.1% · Profit 11.7% · Operating margin change -8 points · 83% evidence Capital efficiency 13.1/25 · ROCE 14.2% · Operating margin 8% · 76% evidence Valuation 11.9/20 · P/E 6.5× · PEG n/a · 50% evidence Relative strength 0.0/20 · Lead over its industry -25.5% · Lead over NIFTY 500 -6.5% · 1 year -11.7% · 100% evidence · 1 of 12 weeks ahead Exact sum: 16.2 + 13.1 + 11.9 + 0 = 41.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Hindustan Oil Exploration Company Ltd](https://www.sectoralpha.in/stocks/hindustan-oil-exploration-company-ltd) HINDOILEXP · losing its lead · Most evidence points down · 89% evidence 22.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.4/35 · Revenue -17.8% · Profit -80% · Operating margin change -36.1 points · 88% evidence Capital efficiency 5.0/25 · ROCE 3.5% · Operating margin 4.8% · 100% evidence Valuation 8.0/20 · P/E 80.6× · PEG 1.2 · 65% evidence Relative strength 4.8/20 · Lead over its industry -16.6% · Lead over NIFTY 500 3.4% · 1 year 0.4% · 100% evidence · 7 of 12 weeks ahead Exact sum: 4.4 + 5 + 8 + 4.8 = 22.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Deep Energy Resources Ltd(Merged)](https://www.sectoralpha.in/stocks/deep-energy-resources-ltd-merged) DEEPENR · Too little evidence to rank firmly · 24% evidence 41.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.8/43.75 · Revenue -80% · Profit -80% · Operating margin change 32.5 points · 27% evidence Capital efficiency 7.1/31.25 · ROCE -0.2% · Operating margin -10.6% · 57% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 21.8 + 7.1 + 12.5 = 41.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Oil Drilling & Exploration](https://www.sectoralpha.in/sectors/oil-drilling-exploration), all 10 compared on one page. ## Which companies are close to Antelopus Selan Energy in size? Antelopus Selan Energy is the 4th largest of 10 Oil Drilling & Exploration companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Oil & Natural Gas Corpn, Oil India and Deep Industries. Just below it: Dolphin Offshore Enterprises (India), Hindustan Oil Exploration Company and Asian Energy Services. ### Oil Drilling & Exploration companies close in size

1. [Oil & Natural Gas Corpn Ltd](https://www.sectoralpha.in/stocks/oil-natural-gas-corpn-ltd) ₹2,83,547 crore
2. [Oil India Ltd](https://www.sectoralpha.in/stocks/oil-india-ltd) ₹73,848 crore
3. [Deep Industries Ltd](https://www.sectoralpha.in/stocks/deep-industries-ltd) ₹4,272 crore
4. Antelopus Selan Energy Ltd ₹3,525 crore
5. [Dolphin Offshore Enterprises (India) Ltd](https://www.sectoralpha.in/stocks/dolphin-offshore-enterprises-indialtd) ₹2,435 crore
6. [Hindustan Oil Exploration Company Ltd](https://www.sectoralpha.in/stocks/hindustan-oil-exploration-company-ltd) ₹2,026 crore
7. [Asian Energy Services Ltd](https://www.sectoralpha.in/stocks/asian-energy-services-ltd) ₹2,014 crore

[All 10 Oil Drilling & Exploration companies, largest first](https://www.sectoralpha.in/sectors/oil-drilling-exploration#all-companies)

### Companies close in size in other industries

1. [Ahluwalia Contracts (India) Ltd](https://www.sectoralpha.in/stocks/ahluwalia-contracts-indialtd) ₹3,535 crore · EPC
2. [Greenply Industries Ltd](https://www.sectoralpha.in/stocks/greenply-industries-ltd) ₹3,531 crore · Plywood Boards/Laminates
3. Antelopus Selan Energy Ltd ₹3,525 crore
4. [Steelcast Ltd](https://www.sectoralpha.in/stocks/steelcast-ltd) ₹3,522 crore · Castings, Forgings & Fastners
5. [Kiri Industries Ltd](https://www.sectoralpha.in/stocks/kiri-industries-ltd) ₹3,513 crore · Dyes & Pigments

## What else do people ask about Antelopus Selan Energy? ### What is Antelopus Selan Energy's share price today? Antelopus Selan Energy Ltd's share price is ₹963.70, +79.7% over the past year. The whole company is worth ₹3,404 Cr on the market. In the last 52 weeks it traded between ₹363 to ₹1,262; today it is 67% of the way up from the low, 16.3% above its 200-day average (as of 4 November 2026). ### What were Antelopus Selan Energy's latest quarterly results? Antelopus Selan Energy Ltd reported revenue of ₹119 Cr and net profit of ₹57.0 Cr for the Sep 2026 quarter. Revenue rose 116.4% and profit rose 375.0% compared with a year earlier. Earnings per share were ₹16.24. The operating margin was 69.0%, 16.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is Antelopus Selan Energy's market cap? Antelopus Selan Energy Ltd's market capitalisation is ₹3,404 Cr at a share price of ₹963.70. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Antelopus Selan Energy performing? Antelopus Selan Energy Ltd's share price has been rising for 30 weeks. In its latest quarter, revenue rose 116.4% and profit rose 375.0% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 11 weeks running (as of 4 November 2026). ### Will Antelopus Selan Energy's share price go up? This page does not forecast Antelopus Selan Energy Ltd's share price. What it shows instead: the share price is ₹963.70, and it has been rising for 30 weeks. Its P/E of 18.4× is higher than 34% of its own last 11 years (as of 4 November 2026). ### Who owns Antelopus Selan Energy? Promoters own 69.7% of Antelopus Selan Energy Ltd, foreign institutions 0.5%, domestic institutions 1.1% and the public 28.8% (latest quarter). The biggest change over the last two years: Promoters raised their stake by 39.2 percentage points over 8 quarters (as of 4 November 2026). ### Where is Antelopus Selan Energy in its business cycle? Antelopus Selan Energy Ltd's FY26 operating margin was 57.0%, against a 13-year range of 24.0% to 81.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 69.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Antelopus Selan Energy story? The main question: the share price moved +79.7% in a year while yearly earnings per share moved −45.1%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Antelopus Selan Energy a stock worth studying right now? What the numbers show: Antelopus Selan Energy Ltd's multiple is near its low because earnings grew even faster than a 6× rise in the share price over five years. The multiple is low because of growth, not neglect. Results are still improving, and its P/E is higher than only 34% of its own 11-year history. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Antelopus Selan Energy share price forecast for 2026? What management itself 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. 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. What would change the story: 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. ### Where does this page get Antelopus Selan Energy's management information? From Antelopus Selan Energy's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Oil & gas stocks: https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india

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