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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Aakash Exploration Services Ltd

About the Company - Aakash Exploration Services Ltd

Aakash Exploration Services Ltd. is a Public Limited Listed company incorporated on 17/01/2007 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L23209GJ2007PLC049792 and registration number is 049792. Currently Company is involved in the business activities of Manufacture of refined petroleum products. Company’s Total Operating Revenue is Rs. 76.88 Cr. and Equity Capital is Rs. 10.13 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Oil Drilling And ExplorationNo. 424-426, 4th Floor, Ahmedabad Gujarat 380005cs@aakashexploration.com
http://www.aakashexploration.com
Management
NamePosition Held
Mr. Vipul Navin HariaManaging Director
Mr. Hemang Navin HariaWholeTime Director & CFO
Mr. Krunal Pravin HariaWhole Time Director
Mrs. Ami Nirav ShahIndependent Director
Mr. Piyush Vasanji SavlaIndependent Director
Mr. Divyang Rameshchandra PatelIndependent Director

Basic Stock Data of Aakash Exploration Services Ltd

Last Updated: May 29, 2024, 10:56 pm

Market Cap 112 Cr.
Current Price 11.0
High / Low15.4/5.70
Stock P/E29.7
Book Value 5.39
Dividend Yield0.00 %
ROCE11.2 %
ROE9.19 %
Face Value 1.00
PEG Ratio-11.27

Aakash Exploration Services Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales16.2113.2517.7815.5118.0421.9721.3719.4726.5226.8819.7118.3021.24
Expenses13.2810.7513.6111.6414.5218.4117.0116.2822.9124.1515.8914.8317.34
Operating Profit2.932.504.173.873.523.564.363.193.612.733.823.473.90
OPM %18.08%18.87%23.45%24.95%19.51%16.20%20.40%16.38%13.61%10.16%19.38%18.96%18.36%
Other Income0.040.170.300.090.160.120.140.290.230.810.150.060.10
Interest0.440.480.230.450.300.330.280.380.390.430.480.350.48
Depreciation1.411.521.541.431.581.641.611.481.721.822.001.801.84
Profit before tax1.120.672.702.081.801.712.611.621.731.291.491.381.68
Tax %27.68%26.87%23.33%25.00%25.00%25.15%26.82%24.69%25.43%25.58%28.86%25.36%25.60%
Net Profit0.810.492.081.571.361.281.911.221.290.971.061.041.26
EPS in Rs0.080.050.210.150.130.130.190.120.130.100.100.100.12

Aakash Exploration Services Ltd Quarterly Chart

Aakash Exploration Services Ltd Profit & Loss

MonthMar 2011Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales17.0111.8023.0524.9133.5840.9651.6767.4859.7776.8892.5886.13
Expenses14.8110.6318.9920.6226.9733.2943.8552.1547.0061.5579.1672.21
Operating Profit2.201.174.064.296.617.677.8215.3312.7715.3313.4213.92
OPM %12.93%9.92%17.61%17.22%19.68%18.73%15.13%22.72%21.37%19.94%14.50%16.16%
Other Income0.320.220.400.730.220.272.170.230.570.511.411.12
Interest0.140.070.790.951.301.371.232.571.861.371.681.74
Depreciation1.260.942.153.363.873.323.936.255.936.267.027.46
Profit before tax1.120.381.520.711.663.254.836.745.558.216.135.84
Tax %26.79%34.21%32.89%36.62%34.34%28.31%31.26%28.04%25.41%25.46%26.10%
Net Profit0.810.261.010.441.092.343.314.844.146.124.544.33
EPS in Rs0.270.090.340.060.150.310.330.480.410.600.450.42
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Aakash Exploration Services Ltd Profit & Loss Yearly Chart

Aakash Exploration Services Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:12%
3 Years:16%
TTM:0%
Compounded Profit Growth
10 Years:%
5 Years:13%
3 Years:15%
TTM:35%
Stock Price CAGR
10 Years:%
5 Years:53%
3 Years:-7%
1 Year:99%
Return on Equity
10 Years:%
5 Years:12%
3 Years:11%
Last Year:11%

Last Updated: May 25, 2024, 3:23 pm

Aakash Exploration Services Ltd Balance Sheet

MonthMar 2011Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2.002.002.005.004.954.956.7510.1310.1310.1310.1310.13
Reserves2.873.134.7810.9212.0314.3625.9527.2231.3637.6242.1844.47
Borrowings2.810.5413.1413.2614.5220.4127.0323.6718.1716.0524.1815.58
Other Liabilities3.521.725.572.132.324.863.355.666.037.056.8510.39
Total Liabilities11.207.3925.4931.3133.8244.5863.0866.6865.6970.8583.3480.57
Fixed Assets3.693.0012.5117.0519.2117.9238.8144.6841.9546.0263.0461.35
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.000.003.060.000.000.00
Other Assets7.514.3912.9814.2614.6126.6624.2722.0020.6824.8320.3019.22
Total Assets11.207.3925.4931.3133.8244.5863.0866.6865.6970.8583.3480.57

Aakash Exploration Services Ltd Reserves and Borrowings Chart

Aakash Exploration Services Ltd Cash Flow

MonthMar 2011Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0.000.005.38-0.0914.4217.8814.039.7318.50
Cash from Investing Activity 0.000.00-5.91-2.02-14.75-12.06-5.94-7.13-24.03
Cash from Financing Activity 0.000.00-0.590.000.00-5.93-7.36-3.496.45
Net Cash Flow0.000.00-1.13-2.11-0.32-0.110.73-0.890.92

Aakash Exploration Services Ltd Financial Efficiency Indicators

MonthMar 2011Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days75.7554.75140.4694.5196.20167.26130.4093.7491.23100.7960.75
Inventory Days0.000.000.000.000.000.000.000.000.000.000.00
Days Payable
Cash Conversion Cycle75.7554.75140.4694.5196.20167.26130.4093.7491.23100.7960.75
Working Capital Days13.9525.3690.7446.0154.78148.9192.5438.5737.3151.3219.04
ROCE %6.74%6.76%9.76%12.97%12.21%16.02%12.13%15.41%11.25%

Aakash Exploration Services Ltd Financial Efficiency Indicators Chart

Aakash Exploration Services Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters73.33%73.33%71.54%69.25%66.77%66.67%66.67%66.67%66.67%66.67%66.67%66.67%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.06%0.03%
Public26.67%26.67%28.47%30.75%33.23%33.33%33.32%33.33%33.33%33.33%33.27%33.30%
No. of Shareholders1,2692,2462,2025,5877,4069,71819,47723,86024,15327,51033,21637,338

Aakash Exploration Services Ltd Shareholding Pattern Chart

No. of Aakash Exploration Services Ltd Shareholders

This stock is not held by any mutual fund

Aakash Exploration Services Ltd ROCE Trend

Aakash Exploration Services Ltd EPS Trend

Aakash Exploration Services Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.0010.0010.0010.00
Basic EPS (Rs.)0.450.604.005.004.91
Diluted EPS (Rs.)0.450.604.005.004.91
Cash EPS (Rs.)1.141.229.9410.9610.73
Book Value[Excl.RevalReserv]/Share (Rs.)5.174.7240.9736.8848.45
Book Value[Incl.RevalReserv]/Share (Rs.)5.174.7240.9736.8848.45
Revenue From Operations / Share (Rs.)9.147.5959.0366.6576.55
PBDIT / Share (Rs.)1.461.5613.1715.3614.77
PBIT / Share (Rs.)0.770.947.329.188.95
PBT / Share (Rs.)0.600.815.486.657.15
Net Profit / Share (Rs.)0.440.604.084.784.91
PBDIT Margin (%)16.0220.5922.3123.0419.29
PBIT Margin (%)8.4412.4512.3913.7811.68
PBT Margin (%)6.6210.679.289.979.34
Net Profit Margin (%)4.897.966.917.176.40
Return on Networth / Equity (%)8.6712.829.9712.9610.12
Return on Capital Employeed (%)13.2418.4114.7618.1911.09
Return On Assets (%)5.448.636.297.265.24
Long Term Debt / Equity (X)0.090.060.190.350.66
Total Debt / Equity (X)0.340.200.310.460.70
Asset Turnover Ratio (%)1.201.130.901.040.95
Current Ratio (X)0.711.251.331.232.44
Quick Ratio (X)0.711.251.331.232.44
Interest Coverage Ratio (X)8.8411.587.176.068.22
Interest Coverage Ratio (Post Tax) (X)3.705.483.222.893.73
Enterprise Value (Cr.)77.25260.89143.5550.3734.55
EV / Net Operating Revenue (X)0.833.392.400.740.66
EV / EBITDA (X)5.2116.4810.763.243.46
MarketCap / Net Operating Revenue (X)0.653.272.200.490.23
Price / BV (X)1.155.273.170.890.37
Price / Net Operating Revenue (X)0.653.272.200.490.23
EarningsYield0.070.020.030.140.27

Aakash Exploration Services Ltd Profitability Ratios (%)

Aakash Exploration Services Ltd Liquidity Ratios

Aakash Exploration Services Ltd Liquidity Ratios (%)

Aakash Exploration Services Ltd Interest Coverage Ratios (%)

Aakash Exploration Services Ltd Valuation Ratios

Fair Value

Fair Value: ₹15.01

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 36.42% compared to the current price ₹11

Intrinsic Value: ₹14.61

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 32.82% compared to the current price ₹11

Last 5 Year EPS CAGR: -2.64%

*Investments are subject to market risks

Strength and Weakness of Aakash Exploration Services Ltd Stock

StrengthWeakness
  1. The company has higher reserves (21.41 cr) compared to borrowings (15.78 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (48.82 cr) and profit (3.83 cr) over the years.
  1. The stock has a low average ROCE of 9.39%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 56.23, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 100.53, which may not be favorable.

FAQ

What is the latest fair value of Aakash Exploration Services Ltd?

The latest fair value of Aakash Exploration Services Ltd is ₹15.01.

What is the Market Cap of Aakash Exploration Services Ltd?

The Market Cap of Aakash Exploration Services Ltd is 112 Cr..

What is the current Stock Price of Aakash Exploration Services Ltd as on 30 May 2024?

The current stock price of Aakash Exploration Services Ltd as on 30 May 2024 is ₹11.0.

What is the High / Low of Aakash Exploration Services Ltd stocks in FY 2024?

In FY 2024, the High / Low of Aakash Exploration Services Ltd stocks is 15.4/5.70.

What is the Stock P/E of Aakash Exploration Services Ltd?

The Stock P/E of Aakash Exploration Services Ltd is 29.7.

What is the Book Value of Aakash Exploration Services Ltd?

The Book Value of Aakash Exploration Services Ltd is 5.39.

What is the Dividend Yield of Aakash Exploration Services Ltd?

The Dividend Yield of Aakash Exploration Services Ltd is 0.00 %.

What is the ROCE of Aakash Exploration Services Ltd?

The ROCE of Aakash Exploration Services Ltd is 11.2 %.

What is the ROE of Aakash Exploration Services Ltd?

The ROE of Aakash Exploration Services Ltd is 9.19 %.

What is the Face Value of Aakash Exploration Services Ltd?

The Face Value of Aakash Exploration Services Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Aakash Exploration Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE