Aban Offshore Ltd.
Snapshot View

46.85 -0.05 ▼-0.1%

30 July 2021, 09:52:00 A.M.
Volume: 3,383

Overview View Details

Sector Crude Oil Compare with Sector peers
Industry Oil Exploration Compare with Industry peers
Website http://www.abanoffshore.com
Financial Indicators
Market Cap 273.73 Cr.
Earnings per share (EPS) -337.96 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 9.26 Trailing Twelve Months Ending 2021-03
Book Value / Share -2,962.98 Trailing Twelve Months Ending 2021-03
Price to Book Value -0.02 Calculated using Price: 46.90
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 5.84 Cr. 58,365,323 Shares
FaceValue 2
Company Profile

Aban Offshore (AOL),formerly known as Aban Loyd Chiles Offshore Ltd.,  the Aban Group company was established by late M A Abraham in 1986 when Indian entrepreneurs were encouraged to provide offshore drilling services to the Oil and Natural Gas Corporation (ONGC) to meet the growing needs of a vibrant economy. AOL launched its first contract drilling service to the ONGC in 1987 with two modern jack-up drilling rigs acquired from the USA.

Aban Offshore is India’s largest drilling entity in the private sector offering world class drilling and other services. Aban Offshore is a company which provides oil field services for offshore exploration and production of  hydrocarbons to the oil industry in India and abroad.

The ABAN Group was born as a small engineering firm in Chennai, The Group took giant strides into newer arenas of operation like the execution of high-pressure systems and cross-country pipelines for refineries and fertilizer and petrochemical industries. Inevitably, Aban ventured into the high-powered domains of drilling, power generation and IT Enabled Services (ITES).

Aban Offshore possesses twenty offshore assets including fifteen jack-up offshore drilling rigs, two drill ships, one floating production platform and a jack-up rig and drill ship each on bareboat charter.

Aban Singapore- Aban Singapore (ASPL) was formed as a wholly owned subsidiary of Aban Offshore Ltd. to offer drilling services to large global oil and gas operators.

Aban Offshore in its commitment to providing a range of drilling services has also equipped itself with an equally wide range of rigs and drill ships.

Jack-up Rigs

  • RIG ABAN - II (ex-Griffin Alexander - III)
  • RIG ABAN - III (ex-ILE D'AMSTERDAM)
  • RIG ABAN - IV (ex-HITDRILL - I)
  • RIG ABAN - V (ex-Pride West Virginia)
  • RIG ABAN - VI (ex-Energy Explorer - IV)

Floaters / Drill Ship

  • Aban Ice

FPU

  • Tahara

Services offered by the company:

Aban Offshore offers a diverse range of offshore drilling services to clients in India and abroad.

  • Exploratory services
  • Drilling services
  • Production of hydrocarbons
  • Manning and management

Clientele:

  • Oil & Natural Gas Corporation Ltd. (ONGC)
  • Hardy Exploration & Production (India) Inc.
  • Oriental Oil Co., Dubai
  • Shell Brunei
  • Shell Malaysia
  • Gujarat State Petroleum Corporation Ltd. (GSPC)
  • Hindustan Oil Exploration Co. Ltd.
  • Cairn Energy
  • Petronas Carigali
  • ROC Oil
  • Shell (South East Asia)

Milestones

By the 1990s, many private sector companies in India chose to exit the drilling business. However, AOL preferred to increase its focus on the sector with newer rigs, acquisitions and mergers.

1993: Fleet AdditionAOL purchases a 300-ft. jack-up rig from Mahindra & Mahindra Ltd.

2000: 2001: Hitech Acquisition AOL acquires Hitech Drilling Services (India) Ltd., belonging to the Tata Group, boosting AOL’s fleet to four rigs. This also enables AOL to enter the FPSO business with the FPU ‘Tahara’ owned by Hitech.

2005: Fleet AdditionAOL adds two jack-up rigs (Aban V and Aban VI) and a drill ship (Frontier Ice).

2005: International Expansion In line with its global expansion strategy, AOL launches Aban Singapore Pte Ltd. (ASPL) in November as its vehicle for international operations. ASPL, in turn, sets up 3 SPVs as step down subsidiaries, each equipped with a rig or drill ship.

2006: Sinvest AcquisitionASPL acquires a 33.7% stake in Sinvest ASA, a Norwegian company with eight new premium jack-ups on order. ASPL subsequently completes the acquisition in stages, including a mandatory offer to all shareholders. AOL currently possesses twenty offshore drilling and production units spiraling us to a prestigious position among the top ten offshore drilling asset owners in the world.

2010: Aban Offshore and Venture Drilling AS (VDAS), a joint venture between Petrolia ASA and Sinvest AS (50/50), entered into an agreement for early redelivery of the drillship Deep Venture also known as Valentin Shashin being on bareboat from its Russian owner Arktikmorneftegazrazvedka (Arktik).

2011: Aban Offshores’ drillship Aban Abraham which is owned by the wholly owned step down subsidiary commenced operations under a 5 year contract with Petrobras, Brazil, on June 05, 2011.

2014: Aban Offshore received letter of award (LOA) for the deployment of the jack-up rig Deep Driller 5, owned by the company's step down subsidiary, Offshore Vietnam, for a firm period of 1 year and an optional period of 1 year.


Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.11%
1 Week
-6.77%
1 Month
+2.40%
3 Month
+49.92%
6 Month
+72.88%
1 Year
+94.40%
2 Year
+59.35%
5 Year
-78.79%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 14.65 6.85 11.42 11.67 -5.34 -32.90 -196.40
Return on Capital Employed (%) 8.82 9.14 9.46 9.48 5.29 1.26 -8.13 -35.79 -174.21
Return on Assets (%) 1.92 1.08 2.05 2.64 -1.18 -5.34 -14.62 -34.46 -91.44

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 2,862 3,284 4,166 5,701 3,693 2,635 19 -5,309 -15,321
Non Curr. Liab. 11,173 11,402 11,115 13,164 13,656 12,250 463 446 -40
Curr. Liab. 3,334 3,503 4,766 2,107 2,880 3,842 16,456 18,520 21,326
Minority Int. 0 0 0 0
Equity & Liab. 17,368 18,189 20,047 20,973 20,229 18,728 16,938 13,657 5,966
Non Curr. Assets 15,829 16,455 18,069 18,732 17,277 16,302 14,443 11,349 4,128
Curr. Assets 1,540 1,734 1,978 2,241 2,952 2,426 2,494 2,309 1,837
Misc. Exp. not W/O
Total Assets 17,368 18,189 20,047 20,973 20,229 18,728 16,938 13,657 5,966

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 3,163 3,673 3,936 4,041 3,335 1,758 1,467 848 974
Other Income 66 26 31 44 19 15 14 113 13
Total Income 3,229 3,699 3,967 4,085 3,354 1,773 1,481 961 987
Total Expenditure -1,323 -1,686 -1,732 -1,662 -1,443 -851 -2,053 -4,366 -8,339
PBIDT 1,906 2,013 2,235 2,423 1,911 921 -572 -3,405 -7,352
Interest -989 -1,188 -1,141 -1,091 -1,038 -1,090 -1,282 -1,137 -1,203
Depreciation -516 -491 -548 -598 -902 -701 -665 -675 -845
Taxation -80 -142 -155 -194 -214 -171 -88 -54 428
Exceptional Items
PAT 322 191 391 540 -243 -1,041 -2,606 -5,271 -8,972

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 970 2,023 2,992 -664 1,299 1,802 396 978 -976
Cash Fr. Inv. -615 -952 -1,425 -922 -845 257 -68 -1,590 -629
Cash Fr. Finan. -816 -1,017 -1,565 1,559 -452 -2,102 -319 656 1,635
Net Change -461 54 2 -26 3 -43 9 44 30
Cash & Cash Eqvt 84 139 141 115 -41 -84 -74 -31 -8

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 46.00 46.00 46.00 46.00 46.00 46.00 46.00 46.00 46.00
Public 54.00 54.00 54.00 54.00 54.00 54.00 54.00 54.00 54.00
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 19.37 19.37 19.37 19.37 19.37 19.37 19.37 19.37 19.37

Announcements View Details

Wed, 28 Jul 2021
Compliances-Reg.24(A)-Annual Secretarial Compliance
Compliance under Regulation 24(A)
Wed, 21 Jul 2021
Board Meeting Intimation for Unaudited Quarterly Standalone & Consolidated Financial Results For The Period Ended 30Th June 2021
ABAN OFFSHORE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/07/2021 inter alia to consider and approve Unaudited Quarterly Standalone & Consolidated Financial results for the period ended 30th June 2021
Fri, 16 Jul 2021
Non-Compliance With SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 Dated November 26 2018.<BR> <BR>
Our reply on August 12 2020 is attached

Technical Scans View Details

Thu, 29 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Decreasing Relative Strength - Sectoral index Decreasing Relative Strength - Sectoral index
Close Within 2 Year High Zone Close Within 2 Year High Zone

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