Asian Energy Services Ltd
ASIANENEAsian Energy Services Ltd's earnings have outrun its stock. EPS grew +20.9% in a year against a +12.4% price move.
The sharpest disagreement: profits are rising, but only −20% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (12 weeks in) while the P/E sits at the 54th percentile of its own 9-year range. Underneath, the last four quarters read improving — profit +116.7% year on year, and −20% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Asian Energy Services Ltd trades at ₹374, in a confirmed uptrend and 12 weeks into that stage. That is +13.2% against its own 200-day average. It sits at 79% of a 52-week range of ₹242 to ₹409. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).
Today the stock is in a confirmed uptrend — week 12 of stage 2, confirmed. At ₹374 it trades +13.2% versus its 200-day average and sits at 79% of its 52-week range (₹242–₹409).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +1,074% while the NIFTY 500 moved +278% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-08-07) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
Asian Energy Services Ltd's story is not scored yet against the markers our research file set on 14 June 2026. Where it sits in its own cycle: Not stated in the research file. Still open: Two material misses in one cycle: FY26 EBITDA 17% below guidance and Duarmara production deferred.
What is proven. See the research file
What is not proven yet. Two material misses in one cycle: FY26 EBITDA 17% below guidance and Duarmara production deferred.
🚨 Layer 1 read, 19 July 2026 — DROP. Earnings are genuinely turning up, but three years of negative operating cash mean the profit quality is unproven — P2 until Oilmax proves the cash turn. Asian Energy's reported earnings are real and expanding — net profit up ~296% over the fit window and the latest quarter at Rs 7.11 EPS off FY24 losses. The problem is cash: over three years operating cash flow was negative against Rs 120 Cr of PAT, and the growth was funded by Rs 155 Cr of new debt, though FY26 did flip to 1.02x conversion. The Sept-Oct 2026 Oilmax merger brings producing assets and negative-working-capital economics that should fix this, but that is a forward promise on a one-year-old cash turn, so conviction is capped.
What would change Layer 1’s mind. If FY27 delivers OCF/PAT >= 0.7 AND the Oilmax integration closes on schedule (Sept-Oct 2026) with consolidated FCF turning positive, the debt-funded-growth flag clears and this upgrades to P1; conversely another year of negative operating cash with rising debt would confirm the accrual-heavy earnings are structurally low-quality and flip it toward the bottom of the slate.
🚨 What the surface reading misses. The surface reading is: FY26 EBITDA ₹95-99 Cr missed the ₹110-120 Cr guidance — a 10-17% guidance miss The research reads it further: The miss was Q4-concentrated due to West Asia supply chain disruption deferring revenue (management characterized as timing, not permanent loss). FY26 was also the first year consolidating Kaefer (7 months) at a 7% EBITDA margin, diluting the Asian Energy standalone 16% margin base.
🚨 What the surface reading misses. The surface reading is: Duarmara well delivery delayed — reservoir tighter than initial data suggested The research reads it further: A tight-reservoir finding is not necessarily a dry hole — workover testing with oil shows already observed indicates the resource exists but requires different completion technique. The risk is timing/cost, not ultimate recoverability.
Sources: our stock research file (14 June 2026) · quarterly results through Jun 26 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Asian Energy Services Ltd reported ₹271 Cr of revenue in the Jun 26 quarter, +135.7% year on year. That is the 6th straight quarter of year-on-year growth. Over 10 years it has compounded at 26.1% a year. The last full year, FY26, came in at ₹791 Cr. The last four reported quarters add to ₹946 Cr.
FY26 revenue came in at ₹791 Cr (+70.1% on the year), capping 10 years at 26.1% compound. The latest quarter (Jun 26) printed ₹271 Cr, +135.7% year on year — the 6th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +88.1% growth against the decade's 26.1% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +81.9% over the last 4 quarters against +72.2%/yr over the last 8 — accelerating; TTM profit +30.4% vs +39.1%/yr — rolling over.
FY26-Q4. revenue ₹338 Cr and profit ₹33 Cr as reported.
FY27-Q1. revenue ₹271 Cr and profit ₹13 Cr as reported.
Why-sources: our stock research file (14 June 2026) and the company’s own results for those quarters.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Asian Energy Services Ltd's operating margin is 8.0% in the Jun 26 quarter, −2.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −30.0% to 25.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 8.0%, −2.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −30.0%–25.0%.
🚨 Why the margin moved: operating margin went −2.1 pp year on year while gross margin went +0.0 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
FY26-Q4. revenue ₹338 Cr and profit ₹33 Cr as reported.
FY27-Q1. revenue ₹271 Cr and profit ₹13 Cr as reported.
Why-sources: our stock research file (14 June 2026) and the company’s own results for those quarters.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Asian Energy Services Ltd earned ₹13.0 Cr of net profit in the Jun 26 quarter, +116.7% year on year. It is the 3rd consecutive quarter of growth. Full-year FY26 profit was ₹52.0 Cr. That is 4.8% of the quarter's revenue. The same quarter a year earlier earned ₹6.0 Cr. 1 of the last 12 reported quarters were loss-making.
Jun 26 profit was ₹13.0 Cr, +116.7% year on year — the 3rd consecutive quarter of growth. On the full year, FY26 printed ₹52.0 Cr (+23.8%).
Why profit moved: revenue contributed +135.7% and the margin −2.0 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit +35.2% vs revenue +88.1%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
FY26-Q4. revenue ₹338 Cr and profit ₹33 Cr as reported.
FY27-Q1. revenue ₹271 Cr and profit ₹13 Cr as reported.
Why-sources: our stock research file (14 June 2026) and the company’s own results for those quarters.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −20% of Asian Energy Services Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹53.0 Cr of operating cash against ₹52.0 Cr of profit. After ₹62.0 Cr of capital spending, ₹−9.0 Cr was left as free cash.
FY26: operating cash of ₹53.0 Cr against reported profit of ₹52.0 Cr, leaving free cash of ₹−9.0 Cr after ₹62.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −20% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −20%: the cash cycle tightened 39 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: the bigger cash user is investment — capital spending ran 2.2× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Asian Energy Services Ltd's cash conversion cycle runs 160 days in FY26, down from 199 days in FY21. Capital spending ran ₹119 Cr over the last 3 years. At FY26 sales of ₹791 Cr each day of that cycle holds about ₹2.2 Cr, so roughly ₹347 Cr sits inside the business at any moment.
FY26: debtors at 160 days (an asset-light business — no inventory to speak of) — for a full cycle of 160 days, tighter than FY21's 199.
In money terms: at FY26 sales of ₹791 Cr, each day of the cycle holds about ₹2.2 Cr — so the 160-day loop keeps roughly ₹347 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹119 Cr over the last 3 fiscal years against ₹54.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹46.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Asian Energy Services Ltd earns a ROCE of 17% in FY26. That is up from a trough of −19% in FY17. Return on invested capital clears the cost of that capital by +1.1 percentage points, so growth here adds value rather than only size. The wiring behind it is 6.6% net margin on 0.86× asset turns.
FY26 ROCE is 17%, recovered from a FY17 trough of −19% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 6.6% net margin × 0.86× asset turns × 1.86× balance-sheet leverage ≈ 10.6% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 13.1% − 12.0% = a +1.1 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Asian Energy Services Ltd carries total debt of ₹159 Cr against shareholder equity of ₹495 Cr as of Mar 26, a debt-to-equity of 0.32. On the annual view that ratio went from 0.03 in FY22 to 0.32 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Why this happened. SEBI merger approval received; NCLT shareholder meeting June 2026; completion targeted Sept-Oct 2026. Mewar + Indrora currently producing >200 BOPD; 1,000 BOPD target by FY27 end through six new wells drilling commencing within one month. Dirok field production imminent on pipeline connectivity; Amguri dependent on Numaligarh refinery connection. FY29-30 Oilmax revenue guidance ₹800-900 Cr. At peak production, oil field EBITDA margins reach 70-75% — materially above the 12-13% consolidated blended margin target for FY27.
Mar 26: total debt of ₹159 Cr against shareholder equity of ₹495 Cr — a debt-to-equity of 0.32. On the annual view, debt-to-equity went from 0.03 (FY22) to 0.32 (FY26). Read the returns on this page with that leverage in mind.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 4.8 points of Asian Energy Services Ltd over 8 quarters, the biggest move on the register. That takes promoters to 56.1% of the company. Foreign institutions moved −0.9 points over the same window, to 1.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −4.8 points over 8 quarters to 56.1%; Foreign institutions: −0.9 points over 8 quarters to 1.4%; Domestic institutions: +0.3 points over 8 quarters to 0.3%.
🚨 Why the register moved: promoters drove it (−4.8 points), alongside foreign institutions (−0.9 points) — distribution into the market’s bid.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Asian Energy Services Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Asian Energy Services Ltd trades at 28.2× P/E, mid-range by its own standards (54th percentile). Its long-run median P/E is 25.8×, measured across 8.7 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 28.2× is mid-range by its own standards (54th percentile), against a long-run median of 25.8× measured over 8.7 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +20.9% against a +12.4% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +20.9%/yr price move, ~+9.1%/yr came from earnings growth and ~+11.8 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Asian Energy Services Ltd reads as consistent on its fundamental arc. Consistent — revenue and profit growth have stayed positive through the window, with ROCE at 17.0% and holding. The read is built from 8 quarters across 3 curves, on partial evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +70.1% | +93.0% | +28.1% | +26.1% |
| Profit | +23.8% | — | +17.7% | — |
| EPS | +20.9% | — | +13.9% | — |
| Share price | +12.4% | +40.3% | +20.9% | +21.0% |
4-Factor Sector Score
52.5/100 — rank 5 of 10 in Oil Drilling & Exploration · 80% evidence confidence
Asian Energy Services Ltd scores 52.5 out of 100 against the 10 companies it is compared with in Oil Drilling & Exploration, ranking 5. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 20.5 + 11.1 + 9.1 + 11.8 = 52.5. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Said versus delivered
What Asian Energy Services Ltd's management promised, set against what actually arrived — 2 tracked promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.
🚨 FY26 Financial Guidance Miss · 20 May 2026. In the Nov 2025 call, management confidently reaffirmed their ability to meet the previously stated FY26 financial guidance despite weather-related execution issues in Q2. However, in the May 2026 call, they admitted failing to meet this guidance, citing supply chain disruptions and client delays, though framing it as deferred revenue.
Duarmara Field Production Delayed · 20 May 2026. The Nov 2025 call presented a clear timeline to commence production at the Duarmara field within the fiscal year, based on pipeline progress and very encouraging test data. In the May 2026 call, management revealed the well was tighter than expected, acknowledged ongoing delays, and stated they could no longer commit to a timeline for commercial sales.
Every quote above is taken word for word from the company’s own earnings calls.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Antelopus Selan Energy LtdANTELOPUS | 83.5/100Sector-leading setup93% evidence | FADING | 32.2/35 Revenue 45.9% · PAT 100% · OPM change 17 pp 100% evidence | 22.5/25 ROCE 21.2% · OPM 70% 100% evidence | 15.0/20 P/E 19.6× · PEG 0.27 65% evidence | 13.8/20 RS sector 9.9% · RS bench 26.8% · 1Y 34.3%11 of 12 weeks ahead 100% evidence |
| Exact sum: 32.2 + 22.5 + 15 + 13.8 = 83.5 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Deep Industries LtdDEEPINDS | 72.2/100Favorable setup82% evidence | TURNING | 26.3/35 Revenue 48.7% · PAT 100% · OPM change -2 pp 95% evidence | 16.5/25 ROCE 16.5% · OPM 39% 76% evidence | 9.8/20 P/E 10.3× · PEG — 50% evidence | 19.6/20 RS sector 20.2% · RS bench 40.5% · 1Y 25.5%7 of 12 weeks ahead 100% evidence |
| Exact sum: 26.3 + 16.5 + 9.8 + 19.6 = 72.2 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 3Dolphin Offshore Enterprises (India) LtdDOLPHIN | 55.9/100Mixed-positive evidence80% evidence | TURNING | 18.3/35 Revenue 76.5% · PAT 44% · OPM change -36 pp 95% evidence | 12.5/25 ROCE 14.9% · OPM 59% 95% evidence | 9.1/20 P/E 28.2× · PEG — 15% evidence | 16.0/20 RS sector 4.8% · RS bench 23.3% · 1Y 30.2%1 of 12 weeks ahead 100% evidence |
| Exact sum: 18.3 + 12.5 + 9.1 + 16 = 55.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4United Drilling Tools LtdUNIDT | 55.6/100Mixed-positive evidence68% evidence | 19.8/35 Revenue 7.6% · PAT 26.3% · OPM change 0.9 pp 83% evidence | 12.8/25 ROCE 10.4% · OPM 17.2% 95% evidence | 11.9/20 P/E 25.7× · PEG — 50% evidence | 11.1/20 RS sector — · RS bench 23.1% · 1Y — 25% evidence | |
| Exact sum: 19.8 + 12.8 + 11.9 + 11.1 = 55.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Asian Energy Services Ltdthis pageASIANENE | 52.5/100Mixed-positive evidence80% evidence | LEADER | 20.5/35 Revenue 81.9% · PAT 30.4% · OPM change -2 pp 95% evidence | 11.1/25 ROCE 16.5% · OPM 8% 95% evidence | 9.1/20 P/E 28.2× · PEG — 15% evidence | 11.8/20 RS sector -2% · RS bench 14.4% · 1Y 8.6%12 of 12 weeks ahead 100% evidence |
| Exact sum: 20.5 + 11.1 + 9.1 + 11.8 = 52.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Oil India LtdOIL | 49.2/100Mixed-negative evidence82% evidence | ASLEEP | 21.6/35 Revenue 19.2% · PAT 34.8% · OPM change 16 pp 95% evidence | 13.0/25 ROCE 11.6% · OPM 46% 76% evidence | 9.6/20 P/E 9.1× · PEG — 50% evidence | 5.0/20 RS sector -11.9% · RS bench 3.4% · 1Y 8.3%0 of 12 weeks ahead 100% evidence |
| Exact sum: 21.6 + 13 + 9.6 + 5 = 49.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7Jindal Drilling & Industries LtdJINDRILL | 45.6/100Mixed-negative evidence74% evidence | ASLEEP | 14.3/35 Revenue 11.9% · PAT -19.3% · OPM change -6 pp 95% evidence | 13.2/25 ROCE 15.4% · OPM 36% 95% evidence | 11.1/20 P/E 8.8× · PEG — 15% evidence | 7.0/20 RS sector -13.7% · RS bench 3.5% · 1Y -5.3%9 of 11 weeks ahead 70% evidence |
| Exact sum: 14.3 + 13.2 + 11.1 + 7 = 45.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Oil & Natural Gas Corpn LtdONGC | 38.8/100Mixed-negative evidence82% evidence | ASLEEP | 14.1/35 Revenue 7.1% · PAT 11.7% · OPM change -8 pp 95% evidence | 12.3/25 ROCE 14.2% · OPM 8% 76% evidence | 12.4/20 P/E 6.8× · PEG — 50% evidence | 0.0/20 RS sector -22.8% · RS bench -9.4% · 1Y 1.3%0 of 12 weeks ahead 100% evidence |
| Exact sum: 14.1 + 12.3 + 12.4 + 0 = 38.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9Hindustan Oil Exploration Company LtdHINDOILEXP | 22.0/100Adverse evidence80% evidence | ASLEEP | 3.8/35 Revenue -17.8% · PAT -80% · OPM change -36.1 pp 95% evidence | 7.2/25 ROCE 3.4% · OPM 4.8% 95% evidence | 8.5/20 P/E 80.1× · PEG — 15% evidence | 2.5/20 RS sector -18.3% · RS bench -4.2% · 1Y -3.9%6 of 12 weeks ahead 100% evidence |
| Exact sum: 3.8 + 7.2 + 8.5 + 2.5 = 22 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Deep Energy Resources LtdDEEPENR | 48.8/100Thin evidence · provisional38% evidence | 16.8/35 Revenue -80% · PAT -80% · OPM change 32.5 pp 27% evidence | 5.7/25 ROCE -0.2% · OPM -10.6% 57% evidence | 10.0/20 P/E — · PEG — 0% evidence | 16.3/20 RS sector 14.2% · RS bench 40.7% · 1Y —6 of 12 weeks ahead to 2024-09-25 70% evidence | |
| Exact sum: 16.8 + 5.7 + 10 + 16.3 = 48.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. 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 curve the sector itself 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 widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Asian Energy Services Ltd's share price today?
Asian Energy Services Ltd trades at ₹374, +12.4% over the past year. The company is valued at ₹1,821 Cr. The stock sits at 79% of its 52-week range of ₹242–₹409, +13.2% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 12 weeks in. — as of 14 August 2026.
What were Asian Energy Services Ltd's latest quarterly results?
Asian Energy Services Ltd reported revenue of ₹271 Cr and net profit of ₹13.0 Cr for the Jun 26 quarter. Revenue rose 135.7% and profit rose 116.7% year on year. Earnings per share were ₹2.46. The operating margin was 8.0%, 2.0 pp lower than a year earlier. — as of 14 August 2026.
What is Asian Energy Services Ltd's revenue?
Asian Energy Services Ltd reported revenue of ₹271 Cr in the Jun 26 quarter, +135.7% year on year. For the full FY26 fiscal year, revenue was ₹791 Cr (+70.1%). Over the last 10 years revenue compounded at 26.1% a year. — as of 14 August 2026.
What is Asian Energy Services Ltd's profit?
Asian Energy Services Ltd earned ₹13.0 Cr of net profit in the Jun 26 quarter, +116.7% year on year — the 3rd straight quarter of growth. Full-year FY26 profit was ₹52.0 Cr. The operating margin ran 8.0% in the latest quarter. — as of 14 August 2026.
What is Asian Energy Services Ltd's market cap?
Asian Energy Services Ltd's market capitalisation is ₹1,821 Cr at a share price of ₹374. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 14 August 2026.
What is Asian Energy Services Ltd's P/E ratio?
Asian Energy Services Ltd trades at a P/E of 28.2×, at the 54th percentile of its own 9-year range, against a long-run median of 25.8×. This is a comparison with the stock's own history, not a value call — as of 14 August 2026.
Does Asian Energy Services Ltd pay a dividend?
Yes — Asian Energy Services Ltd's dividend payout was 11% of profit in FY26, and it recorded a payout in 2 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 14 August 2026.
Is Asian Energy Services Ltd overvalued?
On its own history, Asian Energy Services Ltd looks mid-range: its P/E of 28.2× sits at the 54th percentile of its 9-year range (long-run median 25.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 14 August 2026.
Is Asian Energy Services Ltd growing?
Yes — Asian Energy Services Ltd is growing: latest-quarter revenue +135.7% year on year, profit +116.7%, and the margin −2.0 pp at 8.0%. The earnings engine currently reads: improving — as of 14 August 2026.
How is Asian Energy Services Ltd performing?
Asian Energy Services Ltd is in a confirmed uptrend, 12 weeks in. Its latest quarter's revenue rose 135.7% and profit rose 116.7% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 14 August 2026.
What stage is Asian Energy Services Ltd in?
Consistent — revenue and profit growth have stayed positive through the window, with ROCE at 17.0% and holding. The read comes from the last 12 quarters of growth (revenue growth +81.9% latest, profit growth +116.7% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 14 August 2026.
Is Asian Energy Services Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 12 of stage 2), trading +13.2% versus its 200-day average and at 79% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 14 August 2026.
Is Asian Energy Services Ltd beating the market?
Not lately — on a trailing-13-week view Asian Energy Services Ltd is currently behind the NIFTY 500 (1 week and counting; last ahead the week of 2026-08-07), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +1,074% against the NIFTY 500's +278% — ahead of the index over the full window. — as of 14 August 2026.
Will Asian Energy Services Ltd's share price go up?
This page publishes no price forecast for Asian Energy Services Ltd. What it measures instead: the share price is ₹374, the price is in a confirmed uptrend 12 weeks in. Its P/E of 28.2× sits at the 54th percentile of its own 9-year range. — as of 14 August 2026.
Who owns Asian Energy Services Ltd?
Promoters hold 56.1% of Asian Energy Services Ltd, foreign institutions 1.4%, domestic institutions 0.3% and the public 42.2% (latest quarter). The biggest move on the register over the last two years: Promoters cut 4.8 points over 8 quarters. — as of 14 August 2026.
Does Asian Energy Services Ltd have too much debt?
It is moderate — Asian Energy Services Ltd's debt-to-equity is 0.32, and operating profit covers the interest bill 9×. FY26 borrowings were ₹159 Cr against equity of ₹494 Cr. Read the returns on this page with that leverage in mind — as of 14 August 2026.
What is Asian Energy Services Ltd's capex?
Asian Energy Services Ltd spent ₹119 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹62.0 Cr, with ₹46.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 14 August 2026.
What is Asian Energy Services Ltd's cash flow?
Asian Energy Services Ltd generated ₹53.0 Cr of operating cash flow in FY26 and ₹−9.0 Cr of free cash flow after ₹62.0 Cr of capital spending. Reported profit that year was ₹52.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 14 August 2026.
Is Asian Energy Services Ltd's profit real cash?
No — operating cash was negative over the last 3 fiscal years: Asian Energy Services Ltd consumed cash while reporting profit. In FY26, operating cash was ₹53.0 Cr against reported profit of ₹52.0 Cr. Cash-flow resolution is annual — as of 14 August 2026.
Where is Asian Energy Services Ltd in its business cycle?
Asian Energy Services Ltd's FY26 operating margin was 12.0%, against a 13-year band of −30.0%–25.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 8.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 14 August 2026.
What could break the Asian Energy Services Ltd story?
The sharpest disagreement: profits are rising, but only −20% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 14 August 2026.
Is Asian Energy Services Ltd a stock worth studying right now?
This is not investment advice. The machine read: Asian Energy Services Ltd's earnings have outrun its stock. EPS grew +20.9% in a year against a +12.4% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 14 August 2026.