Aban Offshore Limited (ABAN) AI Stock Analysis

• Market Cap: ₹2.47B
• Dividend Yield: N/A
• Average Volume (3M): 18.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.21
• Revenue Growth: 19.01%
• EPS Growth: 32.51%
• Country: IN
• Employees: 31
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Drilling
• EPS (TTM): N/A
• Shares Outstanding: 58,365,322
• 10 Day Avg. Volume: 9,407
• 30 Day Avg. Volume: 18,671
• PEG Ratio: <0.01
• Price to Book (P/B): >-0.01
• Price to Sales (P/S): 0.48
• P/FCF Ratio: 1.64
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹43.00
• Price Target Upside: 1.78% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 41 Neutral
• Price Target: ₹43.00 ▲(1.78% Upside)

Aban Offshore Limited's overall stock score is primarily impacted by its poor financial performance, characterized by consistent losses and a heavily leveraged balance sheet. Technical indicators suggest a bearish trend, and the valuation is unattractive due to a negative P/E ratio and lack of dividend yield. These factors collectively result in a low stock score.

Aban Offshore Limited Business Overview & Revenue Model

Company Description

Aban Offshore Limited, together with its subsidiaries, provides offshore drilling and production services to companies engaged in the exploration, development, and production of oil and gas in India and internationally. It offers exploratory, drilling, hydrocarbons production, and manning and management services. The company owns and operates various offshore drilling rigs, drill ships, and floating production units. It also engages in the ownership and operation of wind turbines for the generation of wind power. The company's wind farms are located at Radhapuram, Pazhavoor, and Kavalkinaru in Tirunelveli District, Tamil Nadu. Aban Offshore Limited was incorporated in 1986 and is based in Chennai, India.

How the Company Makes Money

Aban Offshore Limited makes money primarily through the leasing and operation of its fleet of offshore drilling rigs. The company's revenue model is based on long-term contracts with oil and gas exploration and production companies, who pay for the use of ABAN's drilling rigs and associated services. Key revenue streams include day rates for rig operation, mobilization fees, and technical service fees. ABAN may also generate income through strategic partnerships and joint ventures in offshore drilling projects, leveraging its expertise and assets to maximize earnings. Factors such as global oil and gas demand, rig utilization rates, and contract renewals significantly impact the company's financial performance.

Aban Offshore Limited Financial Statement Overview

Summary

Aban Offshore Limited faces significant financial challenges. Despite some improvement in cash flow, the company's profitability remains a concern with consistent losses. The heavily leveraged balance sheet poses risks, with negative equity indicating financial distress. While there are some positive signs in cash flow, the overall financial health of the company remains precarious.

Income Statement

Aban Offshore Limited has shown a declining revenue trend over the years, with a significant drop in net income. The company has consistently reported negative net income, indicating it is not profitable. The gross profit margin is high at around 82.46%, but the net profit margin is deeply negative due to the substantial net losses. EBIT and EBITDA margins have fluctuated, with recent improvements in EBITDA, but they remain concerning.

Balance Sheet

The balance sheet reveals a highly leveraged structure with total debt significantly exceeding stockholders' equity, resulting in a negative equity position. The debt-to-equity ratio is not calculable due to negative equity, highlighting financial instability. The company’s ability to meet long-term obligations is concerning, with minimal equity cushioning against liabilities.

Cash Flow

Cash flow statements show some improvement, with the latest free cash flow being positive and a remarkable growth from the previous year. However, operating cash flow has been inconsistent. The ratio of operating cash flow to net income is not meaningful given the negative net income, though free cash flow improvements are a positive sign.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.62B	4.76B	4.00B	3.97B	5.98B	10.69B
Gross Profit	3.89B	3.92B	3.04B	2.66B	3.65B	7.07B
EBITDA	3.23B	3.64B	-1.06B	628.11M	-9.11B	-6.92B
Net Income	-9.05B	-8.89B	-13.18B	-10.91B	-21.77B	-19.73B
Balance Sheet
Total Assets	0.00	15.33B	15.15B	17.27B	29.68B	46.19B
Cash, Cash Equivalents and Short-Term Investments	1.92B	2.02B	435.07M	1.49B	864.45M	722.45M
Total Debt	0.00	156.97B	153.08B	151.35B	152.49B	151.85B
Total Liabilities	254.02B	269.35B	253.87B	240.24B	224.81B	214.42B
Stockholders Equity	-254.02B	-254.02B	-238.72B	-222.97B	-195.12B	-168.23B
Cash Flow
Free Cash Flow	0.00	1.38B	-894.17M	1.30B	-4.35B	5.82B
Operating Cash Flow	0.00	1.39B	-723.44M	1.31B	-4.34B	6.79B
Investing Cash Flow	0.00	175.54M	-110.37M	13.99B	2.06B	112.65M
Financing Cash Flow	0.00	-91.84M	-216.13M	-14.70B	2.53B	-6.20B

Aban Offshore Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 42.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ABAN, the sentiment is Negative. The current price of 42.25 is below the 20-day moving average (MA) of 43.81, below the 50-day MA of 44.94, and below the 200-day MA of 47.05, indicating a bearish trend. The MACD of -0.85 indicates Positive momentum. The RSI at 39.62 is Neutral, neither overbought nor oversold. The STOCH value of 26.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ABAN.

Aban Offshore Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SEAMECLTD	69 Neutral	₹23.17B	20.06	8.89%	―	-13.53%	-19.71%
JINDRILL	69 Neutral	₹17.20B	7.22	13.59%	0.17%	31.27%	187.19%
HINDOILEXP	68 Neutral	₹22.92B	15.36	11.14%	―	-49.37%	-26.26%
DOLPHIN	64 Neutral	₹15.44B	30.72	17.06%	―	481.64%	258.51%
DEEPINDS	57 Neutral	₹32.54B	-47.62	-4.95%	0.60%	45.21%	-152.68%
ABAN	41 Neutral	₹2.47B	―	―	―	19.01%	32.51%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%