ASIAN ENERGY SERVICES LTD (ASIANENE): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹398 latest close · +19.7% over the last 90 sessions

₹398 month-end · +34.8% over 12 months

₹398 month-end · +91.4% over 3 years

₹398 month-end · +194.2% since Dec '21

52-week range ₹230.00 to ₹565.70 · 1-year volatility 51.2%

Was the rally earned?

+35%share price, 1 yearEarnings-driven

Mostly yes.

Per-share earnings added 25 points to the rise, while the multiple moved less (P/E 29.0x to 31.5x).
The share count rose 9%.

Net profit growth+35 ptsNet profit rose about 35%, which lifts the price.

P/E change+10 ptsThe P/E rose from 29.0x to 31.5x, which lifts the price.

Share count change-10 ptsShare count rose 9%, which lowers the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with ANTELOPUS SELAN ENERGY

How rough has the ride been?

Maximum drawdown-67.3%recovered 2023-09

1-year volatility51.2%annualised

Beta vs sector index0.583-year daily, correlation 0.22

Volume spikes4last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-67.3% (2022-01 peak to 2023-02 low, recovered 2023-09)

-50.0% (2024-08 peak to 2025-03 low, recovered 2026-08)

-28.6% (2024-01 peak to 2024-03 low, recovered 2024-07)

Most recent volume spikes

2026-09-08: 5.1x the 50-day median, price +8.2% that day

2026-08-19: 5.4x the 50-day median, price +3.4% that day

2026-08-18: 13.4x the 50-day median, price +8.9% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

31.5xP/E todayWithin its usual range

Against its own history50th percentile

CheapestMedian 31.8xDearest

Usual range 7.2x to 44.8x since 2021-12.

Against Energy Minerals31.5x vs 12.7x

This company

31.5x

Sector median

12.7x

149% above the Energy Minerals median.

P/EP/BP/S

P/E (this company)10th to 90th percentile of its own historyIts medianEnergy Minerals median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianEnergy Minerals median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianEnergy Minerals median

How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Energy Minerals is valued

Where does it rank among Energy Minerals peers?

Each cell is the company's percentile rank among its Energy Minerals peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE48th▼ 18 pts vs a year ago
Op. margin38th▼ 5 pts vs a year ago
Revenue growth96th▼ 4 pts vs a year ago
EPS growth62nd▼ 28 pts vs a year ago
Debt/equity ↓50th▼ 33 pts vs a year ago
Cash cycle ↓23rd▲ 6 pts vs a year ago
P/E ↓12th▼ 12 pts vs a year ago
12M momentum88th▲ 45 pts vs a year ago

Rank history

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Energy Minerals sector page Watch it move against Energy Minerals in the Observatory

What is the price implying?

~33%annual earnings growth implied by the price

At a P/E of 82.3x, the price would imply about 32.8%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Energy Minerals The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹398.00
P/E: 31.5x
ROCE: 16.0%
Market Cap: ₹1955 cr
Revenue (TTM): ₹946 cr
P/S: 2.1x
P/B: 4.0x
ROE: 12.5%
Operating Margin: 8.0%
Debt / Equity: 0.3x
Promoter Holding: 56.1%
12M Momentum: 34.8%

52-week range

₹230.00₹565.70

50% of the way from its 52-week low to its high

Price risk

1Y volatility

51.2%

Beta vs sector

1-year daily

0.61

Balance sheet & cash

Interest cover

operating profit ÷ interest

7.0x

Cash from profit, 3Y

operating cash flow ÷ net profit

-0.20x

low

Share count, 1Y

unchanged

Are profits backed by cash?

3 of 6checks within range2 beyond a threshold

Other income reliance5%Within range

Other income as a share of pre-tax profit (trailing twelve months): 5.1%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate27%Within range

Median quarterly effective tax rate over about 2.5 years: 27.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-0.20xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -0.20x (cash from operations ₹-24 cr, net profit ₹120 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-16 daysWithin range

Debtor days are below the median of the previous three fiscal years by 16 days (160 vs 176). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress40% of fixed assetsNear threshold

Capital work-in-progress is 40% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Over 3 years, promoters trimmed 6.9 pts; FIIs added 1.3 pts.
The number of shareholders rose from 17,460 to 23,990 (+37%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change

Promoters63.1%56.1%-6.9 pts

FIIs0.1%1.4%+1.3 pts

DIIs0.0%0.3%+0.3 pts

Public and others35.9%42.2%+6.3 pts

Number of shareholders

23,990shareholders+37% since Sep '23

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

+2.8%typical 12-month return vs the marketAbove the base rate

We found 50 past situations where a non-financial company looked like ASIAN ENERGY SERVICES LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −30% to +34% vs the market, against −4% for all non-financial companies in the same months.
The analogs' median sat above that base rate (gap +6.5%, 80% range +0.5% to +18.5%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 2 beyond the range shown, drawn at the edge

Similar setups' median

+2.8%

All companies' median

−3.7%

Beat the market

52% vs 46%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
EKC Producer Manufacturing	May 2022	23x	16%	+77%	−35%	−49%
SDBL Consumer Non-Durables	Apr 2024	41x	16%	+89%	−17%	+4%
KRISHANA Process Industries	Jul 2022	28x	20%	+94%	−23%	+34%
STERTOOLS Producer Manufacturing	Sep 2023	28x	13%	+80%	−16%	+6%
GLOBUSSPR Consumer Non-Durables	Feb 2021	20x	14%	+203%	−14%	+237%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
NDRAUTO Producer Manufacturing	Oct 2024	43x	19%	+136%	−24%	+25%
REFEX Energy Minerals	Aug 2025	29x	23%	+18%	−36%	−28%
GIRIRAJ Industrial Services	Sep 2025	50x	20%	−2%	−25%	−84%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, ROCE and P/S. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to ASIAN ENERGY SERVICES LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

SERVOTECH RENEWABLE POWER SYSTSERVOTECH

Producer Manufacturing

71%similar

market cappromoter holding

JNK INDIAJNKINDIA

Producer Manufacturing

64%similar

revenuemarket cap

PARAMOUNT COMMUNICATIONSPARACABLES

Producer Manufacturing

64%similar

P/Emarket cap

VIKRAN ENGINEERINGVIKRAN

Industrial Services

64%similar

volatilitypromoter holding

RATNAVEER PRECISION ENGRATNAVEER

Non-Energy Minerals

63%similar

volatilityrevenue

REFEX INDUSTRIESREFEX

Energy Minerals

41%similar

promoter holdingvolatility

SOUTH WEST PINNACLE EXPLSOUTHWEST

Energy Minerals

24%similar

debt/equityvolatility

TRUALT BIOENERGYTRUALT

Energy Minerals

12%similar

market caprevenue

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Jun '24

2026
OctPriceFell 28% from the Sep 2026 peak to the Oct 2026 low.
SepPromoterPromoter holding fell 4.6 pts to 56.1% (largest drop in the history since 2019-01).
SepPeer rankSlipped to the 3rd quartile of Energy Minerals on operating margin (from the 2nd quartile).
AugPriceRegained the 2024-08 peak, 17 months after the low.
AugPriceVolume reached 13.4x its 50-day median on 2026-08-18; price +8.9% that day.
JunPeer rankSlipped to the 3rd quartile of Energy Minerals on ROCE (from the 2nd quartile).
MayPriceVolume reached 48.1x its 50-day median on 2026-05-20; price +10.9% that day.
MarResultsYear-on-year EPS growth turned positive.

Show 22 earlier events

2026
MarPeer rankMoved into the 2nd quartile of Energy Minerals on EPS growth (from the bottom quartile).
JanPriceVolume reached 36.4x its 50-day median on 2026-01-09; price +3.4% that day.
2025
DecResultsYear-on-year EPS growth turned negative.
DecPeer rankSlipped to the bottom quartile of Energy Minerals on EPS growth (from the top quartile).
NovPriceVolume reached 5.9x its 50-day median on 2025-11-04; price +3.3% that day.
SepPeer rankSlipped to the 3rd quartile of Energy Minerals on operating margin (from the 2nd quartile).
JulSharesShare count is up 9.8% over 12 months.
JulPriceVolume reached 56.1x its 50-day median on 2025-07-28; price +7.0% that day.
JunResultsRevenue (TTM) reached a new high of ₹465 cr.
JunPeer rankMoved into the 2nd quartile of Energy Minerals on ROCE (from the 3rd quartile).
JunDividendStarted paying a dividend (payout 11% of profit).
MayPriceVolume reached 5.2x its 50-day median on 2025-05-14; price +6.0% that day.
MarPriceFell 50% from the Aug 2024 peak to the Mar 2025 low.
JanPriceVolume reached 9.0x its 50-day median on 2025-01-06; price +1.2% that day.
2024
DecPromoterPromoter holding rose 2.4 pts to 61.0%.
DecPeer rankMoved into the 2nd quartile of Energy Minerals on operating margin (from the 3rd quartile).
DecPriceVolume reached 14.9x its 50-day median on 2024-12-11; price +11.7% that day.
AugPriceVolume reached 7.7x its 50-day median on 2024-08-23; price +10.0% that day.
JulPriceRegained the 2024-01 peak, 4 months after the low.
JunPromoterPromoter holding fell 2.9 pts to 58.5%.
JunResultsEPS (TTM) turned positive.
JunPeer rankMoved into the 3rd quartile of Energy Minerals on ROCE (from the bottom quartile).

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history60 months · 2021-12 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	31.5x	₹946 cr	12.5%	16.0%	0.3x
2026-10	32.5x	₹946 cr	12.1%	16.0%	0.3x
2026-09	37.4x	₹946 cr	12.1%	16.0%	0.3x
2026-08	41.4x	₹790 cr	10.7%	16.0%	0.3x
2026-07	35.0x	₹790 cr	10.7%	16.0%	0.3x
2026-06	31.5x	₹790 cr	10.7%	16.0%	0.3x
2026-05	38.4x	₹667 cr	10.8%	16.0%	0.1x
2026-04	34.1x	₹667 cr	10.8%	16.0%	0.1x
2026-03	25.6x	₹667 cr	10.8%	16.0%	0.1x
2026-02	40.2x	₹524 cr	8.3%	16.0%	0.1x
2026-01	35.3x	₹524 cr	8.3%	16.0%	0.1x
2025-12	39.0x	₹524 cr	8.3%	16.0%	0.1x
2025-11	29.0x	₹520 cr	11.5%	16.0%	0.1x
2025-10	32.8x	₹520 cr	11.5%	16.0%	0.1x
2025-09	32.2x	₹520 cr	11.5%	16.0%	0.1x
2025-08	39.1x	₹465 cr	10.5%	16.0%	0.1x
2025-07	37.3x	₹465 cr	10.5%	16.0%	0.1x
2025-06	31.5x	₹465 cr	10.5%	16.0%	0.1x
2025-05	38.3x	₹369 cr	12.2%	13.0%	0.1x
2025-04	34.9x	₹369 cr	12.2%	13.0%	0.1x
2025-03	33.8x	₹369 cr	12.2%	13.0%	0.1x
2025-02	26.5x	₹372 cr	14.0%	13.0%	0.1x
2025-01	33.0x	₹372 cr	14.0%	13.0%	0.1x
2024-12	39.7x	₹372 cr	14.0%	13.0%	0.1x
2024-11	44.5x	₹319 cr	11.2%	13.0%	0.1x
2024-10	45.5x	₹319 cr	11.2%	13.0%	0.1x
2024-09	47.6x	₹319 cr	11.2%	13.0%	0.1x
2024-08	65.7x	₹305 cr	9.4%	13.0%	0.1x
2024-07	53.2x	₹305 cr	9.4%	13.0%	0.1x
2024-06	49.6x	₹305 cr	9.4%	13.0%	0.1x
2024-05	—	₹110 cr	-22.0%	-15.0%	0.1x
2024-04	—	₹110 cr	-22.0%	-15.0%	0.1x
2024-03	—	₹110 cr	-22.0%	-15.0%	0.1x
2024-02	—	₹110 cr	-22.0%	-15.0%	0.1x
2024-01	—	₹110 cr	-22.0%	-15.0%	0.1x
2023-12	—	₹110 cr	-22.0%	-15.0%	0.1x
2023-11	—	₹110 cr	-22.0%	-15.0%	0.1x
2023-10	—	₹110 cr	-22.0%	-15.0%	0.1x
2023-09	—	₹110 cr	-22.0%	-15.0%	0.1x
2023-08	—	₹110 cr	-22.0%	-15.0%	0.1x
2023-07	—	₹110 cr	-22.0%	-15.0%	0.1x
2023-06	—	₹110 cr	-22.0%	-15.0%	0.1x
2023-05	10.1x	₹260 cr	16.1%	18.0%	0.0x
2023-04	9.5x	₹260 cr	16.1%	18.0%	0.0x
2023-03	10.8x	₹260 cr	16.1%	18.0%	0.0x
2023-02	5.4x	₹260 cr	16.1%	18.0%	0.0x
2023-01	6.9x	₹260 cr	16.1%	18.0%	0.0x
2022-12	7.2x	₹260 cr	16.1%	18.0%	0.0x
2022-11	7.3x	₹260 cr	16.1%	18.0%	0.0x
2022-10	7.2x	₹260 cr	16.1%	18.0%	0.0x
2022-09	7.1x	₹260 cr	16.1%	18.0%	0.0x
2022-08	8.1x	₹260 cr	16.1%	18.0%	0.0x
2022-07	8.5x	₹260 cr	16.1%	18.0%	0.0x
2022-06	8.7x	₹260 cr	16.1%	18.0%	0.0x
2022-05	15.6x	₹229 cr	11.3%	19.0%	0.0x
2022-04	18.7x	₹229 cr	11.3%	19.0%	0.0x
2022-03	19.3x	₹229 cr	11.3%	19.0%	0.0x
2022-02	20.5x	₹229 cr	11.3%	19.0%	0.0x
2022-01	25.7x	₹229 cr	11.3%	19.0%	0.0x
2021-12	22.8x	₹229 cr	11.3%	19.0%	0.0x

Methodology and data notes