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Last Updated: April 2, 2026, 2:32 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: | NSE:

Aakash Exploration Services Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹4.80Overvalued by 39.85%vs CMP ₹7.98

P/E (42.5) × ROE (2.3%) × BV (₹6.04) × DY (2.00%)

₹5.35Overvalued by 32.96%vs CMP ₹7.98
MoS: -49.2% (Negative)Confidence: 48/100 (Moderate)Models: 3 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹3.8126%Over (-52.3%)
Graham NumberEarnings₹5.0819%Over (-36.3%)
Earnings PowerEarnings₹1.2713%Over (-84.1%)
Net Asset ValueAssets₹6.028%Over (-24.6%)
EV/EBITDAEnterprise₹10.8611%Under (+36.1%)
Earnings YieldEarnings₹1.908%Over (-76.2%)
ROCE CapitalReturns₹9.488%Under (+18.8%)
Revenue MultipleRevenue₹9.686%Under (+21.3%)
Consensus (8 models)₹5.35100%Overvalued
Key Drivers: EPS CAGR -20.5% drags value — could be higher if earnings stabilize. | ROE 2.3% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -20.5%

*Investments are subject to market risks

Investment Snapshot

49
Aakash Exploration Services Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health46/100 · Moderate
ROCE 4.6% WeakROE 2.3% WeakD/E 0.34 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 66.5% Stable
Earnings Quality60/100 · Moderate
OPM stable around 15% SteadyWorking capital: -24 days (improving) Efficient
Quarterly Momentum40/100 · Moderate
Revenue (4Q): -4% YoY FlatProfit (4Q): -74% YoY Declining
Industry Rank45/100 · Moderate
P/E 42.5 vs industry 93.4 Cheaper than peersROCE 4.6% vs industry 10.6% Below peersROE 2.3% vs industry 9.9% Below peers3Y sales CAGR: 8% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:32 am

Market Cap 80.8 Cr.
Current Price 7.98
Intrinsic Value₹5.35
High / Low 13.8/7.06
Stock P/E42.5
Book Value 6.04
Dividend Yield0.00 %
ROCE4.60 %
ROE2.29 %
Face Value 1.00
PEG Ratio-2.07

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Aakash Exploration Services Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Aakash Exploration Services Ltd 80.8 Cr. 7.98 13.8/7.0642.5 6.040.00 %4.60 %2.29 % 1.00
Dolphin Offshore Enterprises (India) Ltd 1,612 Cr. 403 506/29731.8 75.50.00 %14.7 %18.7 % 1.00
Hindustan Oil Exploration Company Ltd 1,620 Cr. 123 199/11821.8 1030.00 %12.3 %11.8 % 10.0
Galaxy Surfactants Ltd 5,794 Cr. 1,634 2,750/1,51020.0 7151.35 %16.2 %13.5 % 10.0
Selan Explorations Technology Ltd 881 Cr. 580 969/47513.4 3090.00 %22.8 %17.2 % 10.0
Industry Average37,995.83 Cr387.8293.43600.591.02%10.56%9.87%6.85

All Competitor Stocks of Aakash Exploration Services Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 26.5226.8819.7118.3021.2421.8030.8926.0123.0523.3525.7723.8624.81
Expenses 22.9124.1515.8914.8317.3419.0123.9522.6721.0221.1523.2220.9821.89
Operating Profit 3.612.733.823.473.902.796.943.342.032.202.552.882.92
OPM % 13.61%10.16%19.38%18.96%18.36%12.80%22.47%12.84%8.81%9.42%9.90%12.07%11.77%
Other Income 0.230.810.150.060.100.050.390.530.370.310.370.290.18
Interest 0.390.430.480.350.480.350.600.540.480.350.600.580.51
Depreciation 1.721.822.001.801.841.951.961.711.741.781.941.882.22
Profit before tax 1.731.291.491.381.680.544.771.620.180.380.380.710.37
Tax % 25.43%25.58%28.86%25.36%25.60%24.07%26.42%26.54%38.89%28.95%28.95%25.35%24.32%
Net Profit 1.290.971.061.041.260.413.511.200.110.260.280.540.28
EPS in Rs 0.130.100.100.100.120.040.350.120.010.030.030.050.03

Last Updated: January 13, 2026, 7:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 1:47 pm

MetricMar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 122325344152676077939298106
Expenses 11192127334452476279758893
Operating Profit 14478815131513171012
OPM % 10%18%17%20%19%15%23%21%20%14%19%10%12%
Other Income 0010020111121
Interest 0111113212222
Depreciation 1234346667879
Profit before tax 0212357686833
Tax % 34%33%37%34%28%31%28%25%25%26%26%28%
Net Profit 0101235465622
EPS in Rs 0.090.340.060.150.310.330.480.410.600.450.610.180.19
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-100.00%100.00%50.00%66.67%-20.00%50.00%-16.67%20.00%-66.67%
Change in YoY Net Profit Growth (%)0.00%200.00%-50.00%16.67%-86.67%70.00%-66.67%36.67%-86.67%

Aakash Exploration Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:16%
5 Years:8%
3 Years:9%
TTM:-4%
Compounded Profit Growth
10 Years:3%
5 Years:-23%
3 Years:-39%
TTM:-81%
Stock Price CAGR
10 Years:%
5 Years:15%
3 Years:-6%
1 Year:-21%
Return on Equity
10 Years:10%
5 Years:9%
3 Years:7%
Last Year:2%

Last Updated: September 4, 2025, 9:55 pm

Balance Sheet

Last Updated: April 3, 2026, 3:00 am

MonthMar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 22555710101010101010
Reserves 351112142627313842485051
Borrowings 1131315202724181624262326
Other Liabilities 2622536677101319
Total Liabilities 72531344563676671839496107
Fixed Assets 3131719183945424663596169
CWIP 0000000000000
Investments 0000000300730
Other Assets 4131415272422212520283237
Total Assets 72531344563676671839496107

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 05-01418141018108
Cash from Investing Activity + 0-6-2-15-12-6-7-24-10-4
Cash from Financing Activity + 0-100-6-7-36-0-4
Net Cash Flow 0-1-2-0-01-11-0-0
Free Cash Flow 0-1-2-11611-1-67-1
CFO/OP 0%92%-1%184%127%121%71%155%61%101%

Free Cash Flow

MonthMar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.00-9.00-9.00-8.00-12.00-19.00-9.00-5.00-1.00-11.00-9.00-13.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 54.75140.4694.5196.20167.26130.4093.7491.23100.7960.7597.1280.44
Inventory Days 0.000.000.000.000.000.000.000.000.000.000.000.00
Days Payable
Cash Conversion Cycle 54.75140.4694.5196.20167.26130.4093.7491.23100.7960.7597.1280.44
Working Capital Days 25.36-47.199.3824.24122.2683.5716.935.2520.84-32.49-7.95-23.72
ROCE %6.74%6.76%9.76%12.97%12.21%16.02%12.13%15.41%11.25%12.63%4.60%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 66.67%66.67%66.67%66.67%66.67%66.67%66.67%66.67%66.54%66.54%66.54%66.54%
FIIs 0.00%0.00%0.00%0.06%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 33.33%33.33%33.33%33.27%33.30%33.32%33.33%33.33%33.46%33.46%33.46%33.46%
No. of Shareholders 23,86024,15327,51033,21637,33841,86146,17147,41947,26750,47449,01648,165

Shareholding Pattern Chart

No. of Shareholders

Aakash Exploration Services Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23
FaceValue 1.001.00
Basic EPS (Rs.) 0.610.45
Diluted EPS (Rs.) 0.610.45
Cash EPS (Rs.) 1.361.14
Book Value[Excl.RevalReserv]/Share (Rs.) 5.785.17
Book Value[Incl.RevalReserv]/Share (Rs.) 5.785.17
Revenue From Operations / Share (Rs.) 9.119.14
PBDIT / Share (Rs.) 1.751.46
PBIT / Share (Rs.) 1.000.77
PBT / Share (Rs.) 0.820.60
Net Profit / Share (Rs.) 0.610.44
NP After MI And SOA / Share (Rs.) 0.610.44
PBDIT Margin (%) 19.2016.02
PBIT Margin (%) 11.018.44
PBT Margin (%) 9.086.62
Net Profit Margin (%) 6.724.89
NP After MI And SOA Margin (%) 6.724.89
Return on Networth / Equity (%) 10.608.67
Return on Capital Employeed (%) 15.2613.24
Return On Assets (%) 6.615.44
Long Term Debt / Equity (X) 0.100.09
Total Debt / Equity (X) 0.300.34
Asset Turnover Ratio (%) 1.040.00
Current Ratio (X) 1.210.71
Quick Ratio (X) 1.210.71
Interest Coverage Ratio (X) 9.958.84
Interest Coverage Ratio (Post Tax) (X) 4.493.70
Enterprise Value (Cr.) 109.9277.25
EV / Net Operating Revenue (X) 1.190.83
EV / EBITDA (X) 6.215.21
MarketCap / Net Operating Revenue (X) 1.000.65
Price / BV (X) 1.581.15
Price / Net Operating Revenue (X) 1.000.65
EarningsYield 0.060.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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. 98.19 Cr. and Equity Capital is Rs. 10.13 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Oil Drilling And ExplorationNo. 424-426, 4th Floor, Shukan Mall, Ahmedabad Gujarat 380005Contact not found
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

FAQ

What is the intrinsic value of Aakash Exploration Services Ltd and is it undervalued?

As of 18 April 2026, Aakash Exploration Services Ltd's intrinsic value is ₹5.35, which is 32.96% lower than the current market price of ₹7.98, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.29 %), book value (₹6.04), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Aakash Exploration Services Ltd?

Aakash Exploration Services Ltd is trading at ₹7.98 as of 18 April 2026, with a FY2026-2027 high of ₹13.8 and low of ₹7.06. The stock is currently near its 52-week low. Market cap stands at ₹80.8 Cr..

How does Aakash Exploration Services Ltd's P/E ratio compare to its industry?

Aakash Exploration Services Ltd has a P/E ratio of 42.5, which is below the industry average of 93.43. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Aakash Exploration Services Ltd financially healthy?

Key indicators for Aakash Exploration Services Ltd: ROCE of 4.60 % is on the lower side compared to the industry average of 10.56%; ROE of 2.29 % is below ideal levels (industry average: 9.87%). Dividend yield is 0.00 %.

Is Aakash Exploration Services Ltd profitable and how is the profit trend?

Aakash Exploration Services Ltd reported a net profit of ₹2 Cr in Mar 2025 on revenue of ₹98 Cr. Compared to ₹6 Cr in Mar 2022, the net profit shows a declining trend.

Does Aakash Exploration Services Ltd pay dividends?

Aakash Exploration Services Ltd has a dividend yield of 0.00 % at the current price of ₹7.98. The company is currently not paying meaningful dividends.

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
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