Synopsis :- Small-cap Oil Equipment stock is in focus today after winning its largest project in Odisha.
A Small-cap company that is an oilfield service and reservoir imaging company, offering a suite of geophysical services, is in the spotlight after Winning Its Largest Rs. 459 Crore Project in Odisha.
With the market capitalization of Rs. 1,538.67 crore, the shares of Asian Energy Services Limited are trading at Rs. 343.65, up by 3.34 percent from its previous day’s close price of Rs. 332.55. It has touched an intraday high of Rs. 359.90 in today’s trading session, implying up by 8.22 percent from previous close price.
Work Order
Asian Energy Services Limited, along with its JV partner, won a Rs. 459 crore contract from Mahanadi Coalfields Limited to set up a Coal Handling Plant in Odisha. The turnkey project includes design to O&M during the defect liability period and will be executed over seven years, marking the company’s largest CHP order. The order book now stands at Rs. 2,000 Cr.
Management View
According to Managing Director Mr. Kapil Garg, Asian Energy Services Limited, Rs. 459 crore contract from Mahanadi Coalfields Limited highlights the strong trust clients place in the company’s expertise and execution capabilities. He emphasized that this milestone strengthens leadership in the Coal Handling segment, taking the order book beyond Rs. 2,000 crore and reinforcing a strong growth outlook.
About the Company
Founded in 1992, Asian Energy Services Limited (AESL) offers comprehensive upstream oil and gas solutions, including seismic data acquisition, EPC for production facilities, production enhancement, and mining services like material handling. Through strategic acquisitions and a diversified business model, AESL is evolving into a leading integrated energy and mineral services company focused on sustainable growth and long-term value creation.
A return on equity (ROE) of about 12.4 percent, a return on capital employed (ROCE) of about 16.6 percent and debt to equity ratio of 0.06 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 33.8x higher as compared to its industry P/E 18x.
In Q1 FY26, the company reported revenue of Rs. 115.37 crore, marking a robust 91.6 percent YoY growth from Rs. 60.19 crore in Q1 FY25 but a 46.4 percent QoQ decline from Rs. 215.44 crore in Q4 FY25. Net profit stood at Rs. 5.63 crore, reflecting a 171.5 percent YoY increase from Rs. 2.07 crore in the previous year’s quarter, though it declined 75 percent QoQ from Rs. 22.55 crore in Q4 FY25.
Written by Akshay Sanghavi
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
