Aban Offshore Limited (IN:ABAN)
:ABAN
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Aban Offshore Limited
(ABAN)
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Rating:39Underperform
Price Target:
₹20.00
▼(-23.46% Downside)
Action:ReiteratedDate:12/19/25
Aban Offshore Limited's stock score is primarily impacted by its poor financial performance and weak technical indicators. The company's financial health is concerning, with significant leverage and consistent losses. Technical analysis indicates a bearish trend with oversold conditions. The negative P/E ratio and lack of dividend yield further contribute to a low valuation score.
Positive Factors
Asset-backed Contract Revenue
Aban’s core business is owning and operating mobile offshore drilling units and contracting them on day-rate agreements. This asset-backed model creates durable, contractable revenue streams tied to rig utilization and long-term client engagements, supporting recurring cash generation when utilization is sustained.
Negative Factors
Negative Equity and High Leverage
The balance sheet shows debt materially larger than equity and a negative equity position, constraining financial flexibility. High leverage increases refinancing and covenant risk, raises interest burden, and limits strategic options—structural weaknesses that persist until meaningful deleveraging occurs.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-backed Contract Revenue
Aban’s core business is owning and operating mobile offshore drilling units and contracting them on day-rate agreements. This asset-backed model creates durable, contractable revenue streams tied to rig utilization and long-term client engagements, supporting recurring cash generation when utilization is sustained.
Read all positive factors
Aban Offshore Limited (ABAN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.23B
Dividend YieldN/A
Average Volume (3M)5.99K
Price to Earnings (P/E)1.0
Beta (1Y)0.26
Revenue Growth-5.08%
EPS Growth-7.53%
CountryIN
Employees31
SectorEnergy
Sector Strength52
IndustryOil & Gas Drilling
Share Statistics
EPS (TTM)5.06
Shares Outstanding58,365,322
10 Day Avg. Volume4,726
30 Day Avg. Volume5,994
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)>-0.01
Price to Sales (P/S)0.48
P/FCF Ratio1.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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, dril...
How the Company Makes Money
Aban Offshore primarily makes money by contracting its offshore drilling rigs to oil and gas companies under drilling service agreements. The core revenue stream is day-rate or operating-rate income earned for making a rig, crew, and associated dr...
Aban Offshore Limited Financial Statement Overview
Summary
Income Statement
25
Negative
Balance Sheet
15
Very Negative
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.51B | 4.76B | 4.00B | 3.97B | 5.98B | 10.69B |
| Gross Profit | 3.84B | 3.92B | 3.04B | 2.66B | 3.65B | 7.07B |
| EBITDA | 1.68B | 3.64B | -1.06B | 628.11M | -9.11B | -6.92B |
| Net Income | -10.97B | -8.89B | -13.18B | -10.91B | -21.77B | -19.73B |
Balance Sheet | ||||||
| Total Assets | 16.43B | 15.33B | 15.15B | 17.27B | 29.68B | 46.19B |
| Cash, Cash Equivalents and Short-Term Investments | 2.93B | 2.02B | 435.07M | 1.49B | 864.45M | 722.45M |
| Total Debt | 162.78B | 156.97B | 153.08B | 151.35B | 152.49B | 151.85B |
| Total Liabilities | 285.19B | 269.35B | 253.87B | 240.24B | 224.81B | 214.42B |
| Stockholders Equity | -268.76B | -254.02B | -238.72B | -222.97B | -195.12B | -168.23B |
Cash Flow | ||||||
| Free Cash Flow | -499.34M | 1.38B | -894.17M | 1.30B | -4.35B | 5.82B |
| Operating Cash Flow | -498.87M | 1.39B | -723.44M | 1.31B | -4.34B | 6.79B |
| Investing Cash Flow | 12.60M | 175.54M | -110.37M | 13.99B | 2.06B | 112.65M |
| Financing Cash Flow | -7.71M | -91.84M | -216.13M | -14.70B | 2.53B | -6.20B |
Aban Offshore Limited Technical Analysis
Negative
26.13
Price Trends
22.12
Negative
25.15
Negative
35.85
Negative
Market Momentum
0.01
Positive
35.00
Neutral
<0.01
Positive
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 26.13 is above the 20-day moving average (MA) of 23.71, above the 50-day MA of 22.12, and below the 200-day MA of 35.85, indicating a bearish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 35.00 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹16.13B | 36.12 | ― | ― | 212.48% | 135.64% | |
69 Neutral | ₹20.50B | 62.34 | ― | ― | -16.59% | -16.91% | |
68 Neutral | ₹15.45B | -12.45 | ― | 0.18% | 34.80% | 252.88% | |
68 Neutral | ₹38.73B | 7.02 | ― | ― | -12.66% | -44.61% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
52 Neutral | ₹29.21B | 10.83 | ― | 0.67% | 55.21% | -128.34% | |
39 Underperform | ₹1.23B | 0.97 | ― | ― | -5.08% | -7.53% |
* Energy Sector Average
IN:ABAN
Aban Offshore Limited
21.12
-18.17
-46.25%
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Aban Offshore Limited Corporate Events
Aban Offshore insolvency case moves forward as NCLAT rejects settlement route
Apr 6, 2026
Aban Offshore Limited, a listed offshore oil and gas drilling services company, is currently undergoing a Corporate Insolvency Resolution Process under India’s insolvency framework. The company has appointed a resolution professional to over...
Aban Offshore Cites Insolvency Proceedings to Exempt Key Governance Filing
Feb 4, 2026
Aban Offshore Limited, which has been under Corporate Insolvency Resolution Process since a National Company Law Tribunal Chennai order dated 1 September 2025, has clarified its position on corporate governance reporting obligations for the Decemb...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.