- #1,233 Kapil Garg & family ₹1,900 Cr

About Asian Energy Services Limited
Data last updated:
Asian Energy Services Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Oilmax Energy Private Limited. It operates in the oil and gas service contractors segment of the energy and power sector. It was incorporated on 09 March 1992 and has been in existence for over 34 years.
Its director Kapil Garg and family are #1,233 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L23200MH1992PLC318353. Its GSTIN is 27AABCA7958F1ZI (Maharashtra). The company holds 17 GST registrations, of which 12 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 530355 and NSE: ASIANENE.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹48.65 Cr. It was formerly known as Asian Limited and Asian Oilfield Services Limited. It is led by directors including Kapil Garg (Managing Director) and Aman Garg.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 3B 3rd Floor Omkar Esquare Chunabhatti Signal Eastern Express Highway Sion (East), Mumbai, Maharashtra, India – 400022.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹791.05 Cr, a growth of 70.1% compared to the previous year. For the same year it recorded a net profit of ₹57.46 Cr (net margin 7.3%) and EBITDA of ₹85.96 Cr (EBITDA margin 10.9%). The net worth stands at ₹494.15 Cr (up 23.9% YoY). Total assets are valued at ₹666 Cr (up 55.4% YoY).
The company has about 384 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 2 brands: Asian Oilfield Services Limited and Asian Energy Services. As per MCA filings, the company has open charges of ₹420.12 Cr and satisfied charges of ₹273.49 Cr on record. Court records list 46 cases involving the company, including 29 filed by the company and 17 filed against it; 2 cases are pending. The company has 104 deals on record (98 market trades, 5 funding rounds, 1 acquisition), with disclosed funding of ₹189.19 Cr; the latest was in May 2026. The company has 10 MSME Form 1 returns on record between 2020 and 2024, listing 241 overdue payments to 12 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asianoilfield.com.
Company details
Name history
Asian Energy Services has undergone 2 name changes throughout its history. The company was previously known as Asian Limited, and Asian Oilfield Services Limited. The current legal name is Asian Energy Services Limited.
| Company Name | Status |
|---|---|
| Asian Energy Services Limited | Current |
| Asian Limited | Previous |
| Asian Oilfield Services Limited | Previous |
CIN history
Asian Energy Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L23200MH1992PLC318353, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L23200MH1992PLC318353 | Current |
| L23200GJ1992PLC017254 | Previous |
| L23200HR1992PLC052501 | Previous |
Recognitions & Rankings of Asian Energy Services
Contact details
Asian Energy Services Limited's registered office is in Mumbai, Maharashtra. Its website is asianoilfield.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3B 3rd Floor Omkar Esquare Chunabhatti Signal Eastern Express Highway Sion (East), Mumbai, Maharashtra, India – 400022
- IndustryEnergy and Power, Oil & Gas Service Contractors
To see the full contact details of Asian Energy Services Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Asian Energy Services operates two associated brands: Asian Oilfield Services Limited and Asian Energy Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of integrated energy and mineral services across the value chain | asianoilfield.com | |
| Geophysical services are offered to the energy and minerals sector. | asianenergy.com |
Business activity
The main business activity of Asian Energy Services is professional, scientific and technical activities. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 74 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Asian Energy Services Limited, buy the company report.
Financials of Asian Energy Services Limited
FY 2025-26 filings availableAsian Energy Services Limited reported revenue of ₹791.05 Cr (up 70.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 791 | 465 | 305 | 110 | 260 | 229 | 273 |
| Revenue growth | +70.1% | +52.4% | +177.5% | -57.8% | +13.9% | -16.2% | - |
| EBITDA | 85.96 | 66.10 | 21.38 | (24.83) | 66.34 | 34.97 | 58.25 |
| EBITDA margin | +10.9% | +14.2% | +7.0% | -22.6% | +25.5% | +15.3% | +21.3% |
| Profit before tax | 68.85 | 56.16 | 28.68 | (44.55) | 40.67 | 24.51 | 40.63 |
| Net profit | 57.46 | 40.54 | 27.12 | (38.28) | 38.80 | 33.94 | 34.01 |
| Net profit margin | +7.3% | +8.7% | +8.9% | -34.8% | +14.9% | +14.8% | +12.5% |
| EPS (₹) | 11.39 | 9.42 | 6.26 | (11.77) | 10.30 | 5.99 | 7.76 |
| Balance sheet | |||||||
| Total assets | 666 | 429 | 301 | 221 | 251 | 208 | 184 |
| Net worth | 494 | 399 | 278 | 199 | 242 | 203 | 181 |
| Total debt | 159 | 24.07 | 22.36 | 21.15 | 8.07 | 4.16 | 0.00 |
| Cash & bank | 147 | 77.70 | 38.91 | 26.92 | 50.22 | 23.89 | 81.98 |
| Net working capital | 463 | 270 | 138 | 88.42 | 124 | 64.19 | 66.54 |
| Cash flow | |||||||
| Cash from operations | 52.99 | (33.08) | (44.10) | (2.64) | 48.11 | (6.81) | 89.06 |
| Cash from investing | (87.78) | (33.77) | (13.66) | (17.99) | (48.68) | (32.98) | (10.65) |
| Cash from financing | 124 | 78.18 | 49.09 | 9.95 | 5.78 | 0.57 | (17.43) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 267 | 271 | 338 | 235 | 102 | 115 | 215 | 91.69 |
| Revenue growth (YoY) | +161.4% | +135.1% | +57.0% | +156.8% | +4.4% | +91.7% | - | - |
| Other income | 1.79 | 4.11 | 3.26 | 4.38 | 2.17 | 2.59 | 3.92 | 3.26 |
| EBITDA | 30.32 | 21.15 | 44.95 | 27.97 | 1.57 | 11.47 | 31.48 | 13.07 |
| EBITDA margin | +11.4% | +7.8% | +13.3% | +11.9% | +1.5% | +9.9% | +14.6% | +14.3% |
| Depreciation | 4.51 | 4.38 | 5.13 | 4.33 | 4.70 | 4.70 | 4.71 | 4.45 |
| Interest | 3.64 | 3.76 | 3.36 | 4.08 | 1.71 | 1.50 | 1.55 | 0.67 |
| Profit before tax | 23.96 | 17.12 | 39.72 | 23.94 | (2.67) | 7.86 | 29.14 | 11.21 |
| Tax | 6.89 | 4.35 | 7.08 | 6.41 | 1.29 | 2.22 | 6.59 | 2.97 |
| Net profit | 17.07 | 12.77 | 32.64 | 17.53 | (3.96) | 5.64 | 22.55 | 8.24 |
| EPS (₹) | 3.36 | 2.49 | 7.08 | 3.92 | (0.87) | 1.23 | 5.01 | 1.84 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 492 | 464 | 305 | 110 | 254 | 141 | 64.50 |
| Revenue growth | +6.0% | +52.1% | +177.7% | -56.8% | +80.6% | +118.2% | - |
| EBITDA | 75.61 | 67.93 | 43.46 | (13.06) | 68.67 | 24.33 | 9.79 |
| EBITDA margin | +15.4% | +14.6% | +14.3% | -11.9% | +27.0% | +17.3% | +15.2% |
| Profit before tax | 61.81 | 55.02 | 31.81 | (29.45) | 64.65 | 21.64 | 4.70 |
| Net profit | 46.98 | 41.08 | 28.71 | (27.19) | 62.78 | 30.51 | 12.77 |
| Net profit margin | +9.6% | +8.9% | +9.4% | -24.8% | +24.7% | +21.7% | +19.8% |
| EPS (₹) | 9.98 | 9.18 | 7.06 | (7.77) | 16.66 | 5.74 | 1.25 |
| Balance sheet | |||||||
| Total assets | 518 | 427 | 303 | 221 | 240 | 172 | 146 |
| Net worth | 448 | 397 | 276 | 194 | 222 | 161 | 139 |
| Total debt | 63.03 | 24.22 | 25.02 | 26.77 | 17.00 | 11.16 | 0.00 |
| Cash & bank | 79.66 | 74.70 | 38.18 | 26.29 | 49.22 | 6.59 | 23.55 |
| Net working capital | 334 | 270 | 138 | 87.46 | 113 | 42.77 | 41.94 |
| Cash flow | |||||||
| Cash from operations | 26.04 | (33.02) | (43.91) | 3.00 | 56.32 | 17.47 | 5.17 |
| Cash from investing | (30.36) | (33.27) | (12.79) | (19.37) | (38.52) | (16.13) | 16.08 |
| Cash from financing | 28.95 | 75.64 | 47.63 | 6.05 | 3.72 | 0.56 | (18.41) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 130 | 149 | 207 | 108 | 61.04 | 115 | 214 | 91.69 |
| Revenue growth (YoY) | +112.2% | +29.4% | -3.4% | +18.0% | -37.5% | +91.7% | - | - |
| Other income | 2.01 | 2.46 | 2.38 | 3.18 | 1.71 | 1.84 | 1.73 | 1.57 |
| Total expenses | 105 | 133 | 171 | 86.37 | 55.00 | 103 | 184 | 77.91 |
| EBITDA | 24.77 | 16.30 | 35.83 | 21.86 | 6.04 | 11.88 | 30.83 | 13.78 |
| EBITDA margin | +19.1% | +10.9% | +17.3% | +20.2% | +9.9% | +10.3% | +14.4% | +15.0% |
| Depreciation | 4.20 | 4.10 | 4.48 | 3.93 | 4.00 | 4.06 | 4.07 | 3.81 |
| Interest | 1.78 | 1.82 | 1.84 | 2.20 | 1.07 | 1.33 | 1.38 | 0.50 |
| Profit before tax | 20.80 | 12.84 | 31.89 | 18.91 | 2.68 | 8.33 | 27.11 | 11.04 |
| Tax | 5.72 | 3.29 | 9.20 | 4.70 | 0.84 | 2.22 | 6.56 | 2.97 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 267 | 271 | 338 | 235 | 102 | 115 | 215 | 91.69 |
| Revenue growth (YoY) | +161.4% | +135.1% | +57.0% | +156.8% | +4.4% | +91.7% | - | - |
| Other income | 1.79 | 4.11 | 3.26 | 4.38 | 2.17 | 2.59 | 3.92 | 3.26 |
| EBITDA | 30.32 | 21.15 | 44.95 | 27.97 | 1.57 | 11.47 | 31.48 | 13.07 |
| EBITDA margin | +11.4% | +7.8% | +13.3% | +11.9% | +1.5% | +9.9% | +14.6% | +14.3% |
| Depreciation | 4.51 | 4.38 | 5.13 | 4.33 | 4.70 | 4.70 | 4.71 | 4.45 |
| Interest | 3.64 | 3.76 | 3.36 | 4.08 | 1.71 | 1.50 | 1.55 | 0.67 |
| Profit before tax | 23.96 | 17.12 | 39.72 | 23.94 | (2.67) | 7.86 | 29.14 | 11.21 |
| Tax | 6.89 | 4.35 | 7.08 | 6.41 | 1.29 | 2.22 | 6.59 | 2.97 |
| Net profit | 17.07 | 12.77 | 32.64 | 17.53 | (3.96) | 5.64 | 22.55 | 8.24 |
| EPS (₹) | 3.36 | 2.49 | 7.08 | 3.92 | (0.87) | 1.23 | 5.01 | 1.84 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 791 | 465 | 305 | 110 | 260 | 229 | 273 |
| Revenue growth | +70.1% | +52.4% | +177.5% | -57.8% | +13.9% | -16.2% | - |
| Other income | 12.40 | 11.60 | 26.38 | 4.71 | 2.83 | 13.58 | 4.89 |
| Total expenses | 705 | 399 | 284 | 135 | 194 | 194 | 215 |
| Employee cost | 42.15 | 12.04 | 26.44 | 28.59 | 21.87 | 14.28 | 10.03 |
| EBITDA | 85.96 | 66.10 | 21.38 | (24.83) | 66.34 | 34.97 | 58.25 |
| EBITDA margin | +10.9% | +14.2% | +7.0% | -22.6% | +25.5% | +15.3% | +21.3% |
| Depreciation | 18.86 | 17.71 | 17.02 | 21.97 | 27.69 | 23.33 | 19.66 |
| Interest | 10.65 | 3.83 | 2.06 | 2.46 | 0.81 | 0.71 | 2.85 |
| Profit before tax | 68.85 | 56.16 | 28.68 | (44.55) | 40.67 | 24.51 | 40.63 |
| Tax | 17.00 | 14.02 | 3.13 | (0.12) | 1.86 | 1.94 | 11.40 |
| Net profit | 57.46 | 40.54 | 27.12 | (38.28) | 38.80 | 33.94 | 34.01 |
| Net profit margin | +7.3% | +8.7% | +8.9% | -34.8% | +14.9% | +14.8% | +12.5% |
| EPS (₹) | 11.39 | 9.42 | 6.26 | (11.77) | 10.30 | 5.99 | 7.76 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 44.92 | 44.70 | 40.65 | 37.69 | 37.69 | 37.69 | 37.69 |
| Reserves & surplus | 410 | 315 | 225 | 162 | 204 | 166 | 144 |
| Shareholders' funds (net worth) | 494 | 399 | 278 | 199 | 242 | 203 | 181 |
| Minority interest | 0.82 | 0.14 | 0.10 | 0.02 | 0.00 | 0.00 | 0.00 |
| Secured loans | 158 | 23.72 | 21.25 | 18.18 | 6.53 | 2.48 | 0.00 |
| Unsecured loans | 0.52 | 0.35 | 1.11 | 2.97 | 1.54 | 1.68 | 0.00 |
| Total debt | 159 | 24.07 | 22.36 | 21.15 | 8.07 | 4.16 | 0.00 |
| Total liabilities | 666 | 429 | 301 | 221 | 251 | 208 | 184 |
| Assets | |||||||
| Gross block | 363 | 334 | 314 | 281 | 275 | 221 | 157 |
| Net block | 115 | 115 | 112 | 95.74 | 112 | 132 | 90.16 |
| Capital work in progress | 46.13 | 2.86 | 1.39 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 11.94 | 32.98 | 11.83 | 19.99 | 6.10 | 0.00 | 0.00 |
| Inventories | 0.29 | 0.18 | 0.29 | 0.00 | 0.00 | 0.00 | 0.02 |
| Sundry debtors | 348 | 224 | 136 | 107 | 111 | 125 | 88.06 |
| Cash & bank balances | 147 | 77.70 | 38.91 | 26.92 | 50.22 | 23.89 | 81.98 |
| Loans & advances | 220 | 129 | 44.05 | 30.51 | 48.68 | 55.74 | 19.85 |
| Total current assets | 715 | 431 | 219 | 164 | 210 | 204 | 190 |
| Total current liabilities | 252 | 161 | 80.69 | 75.74 | 86.59 | 140 | 123 |
| Net working capital | 463 | 270 | 138 | 88.42 | 124 | 64.19 | 66.54 |
| Total assets | 666 | 429 | 301 | 221 | 251 | 208 | 184 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 19.93 | 8.59 | 17.27 | 27.95 | 22.74 | 61.96 | 0.97 |
| Net cash from operating activities | 52.99 | (33.08) | (44.10) | (2.64) | 48.11 | (6.81) | 89.06 |
| Net cash from investing activities | (87.78) | (33.77) | (13.66) | (17.99) | (48.68) | (32.98) | (10.65) |
| Net cash from financing activities | 124 | 78.18 | 49.09 | 9.95 | 5.78 | 0.57 | (17.43) |
| Net change in cash | 88.82 | 11.34 | (8.68) | (10.69) | 5.21 | (39.21) | 60.99 |
| Closing cash | 147 | 77.70 | 38.91 | 26.92 | 50.22 | 23.89 | 81.98 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +70.1% | +52.4% | +177.5% | -57.8% | +13.9% | -16.2% | - |
| EBITDA growth | +30.1% | +209.2% | +186.1% | -137.4% | +89.7% | -40.0% | - |
| PBT growth | +22.6% | +95.8% | +9998.0% | - | +65.9% | -39.7% | +342.1% |
| Net income growth | +41.7% | +49.5% | +170.9% | -198.7% | +14.3% | -0.2% | - |
| Revenue CAGR (3Y) | +93.1% | +21.3% | +10.1% | -26.2% | +10.4% | +1.0% | +30.0% |
| EBITDA CAGR (3Y) | - | -0.1% | -15.1% | - | +30.5% | +18.8% | - |
| Profitability & leverage | |||||||
| Net income margin | +6.6% | +9.1% | +8.4% | -40.4% | +14.9% | +9.9% | +10.7% |
| Return on capital employed | +16.1% | +16.3% | +11.6% | 0.0% | +17.0% | +15.9% | +20.8% |
| Return on net worth | +13.0% | +12.3% | +10.5% | 0.0% | +16.4% | +14.5% | +14.5% |
| Debt / equity | 0.20 | 0.07 | 0.09 | 0.07 | 0.03 | 0.01 | 0.03 |
| Long-term debt / equity | 0.09 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Interest cover | 15.87 | 7.91 | 47.25 | -5.26 | 2.10 | 6.10 | 7.39 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.27 | 1.43 | 1.03 | 0.40 | 1.05 | 1.21 | 1.88 |
| Inventory turnover | 3,366.17 | 1,978.89 | 2,103.86 | 0.00 | 0.00 | 22,879.00 | 769.44 |
| Debtors turnover | 2.77 | 2.58 | 2.51 | 1.01 | 2.21 | 2.15 | 3.70 |
| EPS (₹) | 11.39 | 9.42 | 6.26 | (11.77) | 10.30 | 5.99 | 7.76 |
| Dividend per share (₹) | 1.25 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 101.25 | 80.38 | 65.34 | 52.91 | 64.14 | 53.97 | 48.14 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 130 | 149 | 207 | 108 | 61.04 | 115 | 214 | 91.69 |
| Revenue growth (YoY) | +112.2% | +29.4% | -3.4% | +18.0% | -37.5% | +91.7% | - | - |
| Other income | 2.01 | 2.46 | 2.38 | 3.18 | 1.71 | 1.84 | 1.73 | 1.57 |
| Total expenses | 105 | 133 | 171 | 86.37 | 55.00 | 103 | 184 | 77.91 |
| EBITDA | 24.77 | 16.30 | 35.83 | 21.86 | 6.04 | 11.88 | 30.83 | 13.78 |
| EBITDA margin | +19.1% | +10.9% | +17.3% | +20.2% | +9.9% | +10.3% | +14.4% | +15.0% |
| Depreciation | 4.20 | 4.10 | 4.48 | 3.93 | 4.00 | 4.06 | 4.07 | 3.81 |
| Interest | 1.78 | 1.82 | 1.84 | 2.20 | 1.07 | 1.33 | 1.38 | 0.50 |
| Profit before tax | 20.80 | 12.84 | 31.89 | 18.91 | 2.68 | 8.33 | 27.11 | 11.04 |
| Tax | 5.72 | 3.29 | 9.20 | 4.70 | 0.84 | 2.22 | 6.56 | 2.97 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 492 | 464 | 305 | 110 | 254 | 141 | 64.50 |
| Revenue growth | +6.0% | +52.1% | +177.7% | -56.8% | +80.6% | +118.2% | - |
| Other income | 9.12 | 5.42 | 4.56 | 3.85 | 13.95 | 11.65 | 11.44 |
| Total expenses | 416 | 396 | 262 | 123 | 185 | 116 | 54.71 |
| Employee cost | 24.89 | 11.81 | 26.14 | 28.13 | 21.53 | 13.81 | 9.36 |
| EBITDA | 75.61 | 67.93 | 43.46 | (13.06) | 68.67 | 24.33 | 9.79 |
| EBITDA margin | +15.4% | +14.6% | +14.3% | -11.9% | +27.0% | +17.3% | +15.2% |
| Depreciation | 16.47 | 15.17 | 14.43 | 17.76 | 17.16 | 13.58 | 13.29 |
| Interest | 6.45 | 3.16 | 1.78 | 2.48 | 0.81 | 0.76 | 3.24 |
| Profit before tax | 61.81 | 55.02 | 31.81 | (29.45) | 64.65 | 21.64 | 4.70 |
| Tax | 16.96 | 13.99 | 3.10 | (0.17) | 1.86 | 0.00 | 0.00 |
| Net profit | 46.98 | 41.08 | 28.71 | (27.19) | 62.78 | 30.51 | 12.77 |
| Net profit margin | +9.6% | +8.9% | +9.4% | -24.8% | +24.7% | +21.7% | +19.8% |
| EPS (₹) | 9.98 | 9.18 | 7.06 | (7.77) | 16.66 | 5.74 | 1.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 44.92 | 44.70 | 40.65 | 37.69 | 37.69 | 37.69 | 37.69 |
| Reserves & surplus | 363 | 313 | 224 | 156 | 184 | 123 | 101 |
| Shareholders' funds (net worth) | 448 | 397 | 276 | 194 | 222 | 161 | 139 |
| Secured loans | 62.70 | 23.71 | 21.24 | 19.13 | 7.33 | 2.48 | 0.00 |
| Unsecured loans | 0.33 | 0.51 | 3.78 | 7.64 | 9.67 | 8.68 | 0.00 |
| Total debt | 63.03 | 24.22 | 25.02 | 26.77 | 17.00 | 11.16 | 0.00 |
| Total liabilities | 518 | 427 | 303 | 221 | 240 | 172 | 146 |
| Assets | |||||||
| Gross block | 274 | 262 | 241 | 208 | 214 | 158 | 103 |
| Net block | 112 | 115 | 109 | 90.24 | 103 | 109 | 68.38 |
| Capital work in progress | 46.13 | 2.86 | 1.39 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 6.76 | 31.36 | 16.38 | 26.12 | 12.54 | 6.54 | 6.54 |
| Inventories | 0.29 | 0.18 | 0.29 | 0.00 | 0.00 | 0.00 | 0.02 |
| Sundry debtors | 231 | 221 | 129 | 65.59 | 51.77 | 58.94 | 22.62 |
| Cash & bank balances | 79.66 | 74.70 | 38.18 | 26.29 | 49.22 | 6.59 | 23.55 |
| Loans & advances | 206 | 126 | 42.87 | 26.96 | 42.79 | 52.24 | 17.64 |
| Total current assets | 516 | 421 | 210 | 119 | 144 | 118 | 63.83 |
| Total current liabilities | 182 | 151 | 72.05 | 31.38 | 30.65 | 75.00 | 21.89 |
| Net working capital | 334 | 270 | 138 | 87.46 | 113 | 42.77 | 41.94 |
| Total assets | 518 | 427 | 303 | 221 | 240 | 172 | 146 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 16.93 | 7.58 | 16.64 | 26.95 | 5.44 | 3.53 | 0.69 |
| Net cash from operating activities | 26.04 | (33.02) | (43.91) | 3.00 | 56.32 | 17.47 | 5.17 |
| Net cash from investing activities | (30.36) | (33.27) | (12.79) | (19.37) | (38.52) | (16.13) | 16.08 |
| Net cash from financing activities | 28.95 | 75.64 | 47.63 | 6.05 | 3.72 | 0.56 | (18.41) |
| Net change in cash | 24.63 | 9.35 | (9.06) | (10.32) | 21.52 | 1.90 | 2.84 |
| Closing cash | 79.66 | 74.70 | 38.18 | 26.29 | 49.22 | 6.59 | 23.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +6.0% | +52.1% | +177.7% | -56.8% | +80.6% | +118.2% | - |
| EBITDA growth | +11.3% | +56.3% | +432.8% | -119.0% | +182.2% | +148.5% | - |
| PBT growth | +12.3% | +73.0% | +9998.0% | - | +198.8% | +360.4% | +190.1% |
| Net income growth | +14.4% | +43.1% | +205.6% | -143.3% | +105.8% | +138.9% | - |
| Revenue CAGR (3Y) | +64.8% | +22.2% | +29.4% | +19.4% | +17.5% | +13.7% | +14.1% |
| EBITDA CAGR (3Y) | - | -0.4% | +21.3% | - | +90.2% | - | +419.1% |
| Profitability & leverage | |||||||
| Net income margin | +9.1% | +8.8% | +9.4% | -26.7% | +24.7% | +15.4% | +7.3% |
| Return on capital employed | +14.5% | +15.9% | +12.7% | 0.0% | +27.0% | +13.2% | +6.7% |
| Return on net worth | +10.6% | +12.1% | +12.1% | 0.0% | +27.6% | +13.4% | +5.6% |
| Debt / equity | 0.10 | 0.07 | 0.11 | 0.11 | 0.07 | 0.04 | 0.04 |
| Long-term debt / equity | 0.04 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.00 |
| Interest cover | 10.91 | 5.99 | 6.13 | -8.05 | 1.57 | 7.07 | -92.57 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.83 | 1.85 | 1.36 | 0.52 | 1.37 | 1.08 | 0.73 |
| Inventory turnover | 2,092.64 | 1,974.81 | 2,103.86 | 0.00 | 0.00 | 14,075.00 | 181.69 |
| Debtors turnover | 2.18 | 2.66 | 3.14 | 1.87 | 4.59 | 3.45 | 2.00 |
| EPS (₹) | 9.98 | 9.18 | 7.06 | (7.77) | 16.66 | 5.74 | 1.25 |
| Dividend per share (₹) | 1.25 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 90.88 | 79.93 | 65.00 | 51.35 | 58.89 | 42.65 | 36.84 |
To see the full year-wise statements and ratios of Asian Energy Services Limited, buy the company report.
Board of directors and KMP of Asian Energy Services Limited
Asian Energy Services Limited currently reports 7 directors and 1 key managerial person. 34 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kapil Garg | Managing Director | 07 Jul 2020 | 6 Years 4 Months | Current |
| Aman Garg | Director | 03 May 2024 | 2 Years 6 Months | Current |
| Nirav Bipin Talati Also directs: Optimum Oil & Gas Private Limited, Aosl Energy Services Limited | Cfo | 06 Aug 2020 | 6 Years 3 Months | Current |
| Rabi Narayan Bastia Also directs: Anirit Agro Hub LLP, Parivartan Energytech LLP, Akanksha Power and Infrastructure Limited and 3 more | Director | 04 Mar 2013 | 13 Years 8 Months | Current |
| Anusha Mehta Also directs: Wrapping Happiness Products Private Limited | Director | 03 Nov 2016 | 10 Years 0 Months | Current |
| Anil Kumar Jha Also directs: Trinity Moto Automobiles LLP, Caliber Mining and Logistics Limited, Rama Coal Washeries Private Limited and 5 more | Director | 14 May 2024 | 2 Years 5 Months | Current |
Auditor
Asian Energy Services Limited is audited by Walker Chandiok & Co LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2025 | 001076N/N500013 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 56.10%, foreign institutional investors hold 1.40%, domestic institutional investors hold 0.30% and retail and other public shareholders hold 42.20%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 56.10% | 60.80% | 61.00% | 61.00% |
| Public | 43.90% | 39.20% | 39.00% | 39.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2026 | 101360259 | Others | ₹100 Cr | Open | |
| 13 Feb 2026 | 101244091 | Others | ₹2.62 Cr | Open | |
| 07 Jan 2026 | 101218496 | Citi Bank N.A. | ₹20 Cr | Open | |
| 30 May 2025 | 101111718 | Others | ₹70 Cr | Open | |
| 20 Jun 2024 | 100953626 | Others | ₹107.5 Cr | Open |
To see the full charge records of Asian Energy Services Limited, buy the company report.
Total charge records: 32 View all charges
Deals & funding
Asian Energy Services Limited has 104 deals on record (98 market trades, 5 funding rounds, 1 acquisition), with disclosed funding of ₹189.19 Cr; the latest was in May 2026.
Deals on record (5 of 104)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2026 | Market trade | ₹17.19 Cr | Buyer: Hrti Private Limited , Junomoneta Finsol Private Limited Seller: Junomoneta Finsol Private Limited , Hrti Private Limited |
| Sep 2025 | Market trade | ₹9.15 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| Jun 2024 | Market trade | ₹7.14 Cr | Buyer: Jainam Broking Limited Seller: Jainam Broking Limited |
| Jun 2024 | Market trade | ₹8.22 Cr | Buyer: Rashi Enterprises Seller: Rashi Fincorp Limited |
| Dec 2023 | Market trade | ₹8.61 Cr | Buyer: Rashi Fincorp Limited Seller: Apt Real Estates Private Limited |
To see the full deal history of Asian Energy Services Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Asian Energy Services Limited has 46 court cases on record: 29 filed by Asian Energy Services, 17 filed against it. 2 cases are pending and 44 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 34 | 9 | 1 |
| District courts | 10 | 6 | 1 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Geo Api Solutions Pvt Ltd | Pending |
| District court, Ranchi, Jharkhand | Commercial matter | Filed by the company against Heavy Engineering Corporation Limited Hec and 1 other | Disposed |
| Bombay High Court | Court case (CARBP) | Filed against the company by Seamec Limited | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Oil and Natural Gas Corporation Limited and 2 others | Disposed |
| High Court, Assam | Interim or miscellaneous application | Filed by the company against Oil India Ltd. and Anr. and 1 other | Disposed |
To see the full case history of Asian Energy Services Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Asian Energy Services Limited was last rated by Indiarating on 31 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 31 Dec 2021 |
To see the full credit ratings and regulatory alerts of Asian Energy Services Limited, buy the company report.
MSME payment delays
Asian Energy Services Limited has 10 MSME Form 1 returns on record between 2020 and 2024, listing 241 overdue payments to 12 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 12)
To see the full MSME payment records of Asian Energy Services Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Asian Energy Services has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Cure Multitrade Private Limited | U11100MH2020PTC340370 | |
| Optimum Oil & Gas Private Limited | U11201MH2008PTC185808 | |
| Aosl Energy Services Limited | U74999MH2018PLC315018 |
To see the full group structure of Asian Energy Services Limited, buy the company report.
Employees & EPFO
Asian Energy Services Limited has a workforce of 384 employees on its EPFO records as of Jun 20, 2024, across 1 active EPFO establishment.
GST
Asian Energy Services has 17 GST registrations: 12 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCA7958F1ZI | Maharashtra | Active | 01 Jul 2017 |
| 06AABCA7958F1ZM | Haryana | Active | 01 Jul 2017 |
| 09AABCA7958F1ZG | Uttar Pradesh | Active | 01 Jul 2017 |
| 12AABCA7958F1ZT | Arunachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Asian Energy Services Limited, buy the company report.
Recent activity
Asian Energy Services Limited has 39 board changes on record since 2009: 8 appointments and 31 cessations. The latest: Parikshit Datta was appointed as Director on 28 May 2025.
98 earlier events are in the company report.
News
Frequently asked questions
Asian Energy Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in oil and gas service contractors, within the energy and power industry. It was incorporated on 09 March 1992 (34+ years old) and is registered under CIN L23200MH1992PLC318353. Listed on BSE: 530355 and NSE: ASIANENE.
Asian Energy Services reported revenue of ₹791.05 Cr for FY 2025-26 (up 70.1% YoY) based on consolidated financials.
Asian Energy Services has 8 current directors and KMP:
- Kapil Garg - Managing Director
- Aman Garg - Director
- Rabi Narayan Bastia - Director
- Anusha Mehta - Director
- Anil Kumar Jha - Director
- Nayan Mani Borah - Director
- Parikshit Datta - Director
- Nirav Bipin Talati - Cfo
The latest financial statements of Asian Energy Services on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Asian Energy Services is 27AABCA7958F1ZI, registered in Maharashtra. The company has 17 GST registrations in all, of which 12 are active and 5 are cancelled or inactive. Other active GSTINs include 06AABCA7958F1ZM (Haryana), 09AABCA7958F1ZG (Uttar Pradesh), 12AABCA7958F1ZT (Arunachal Pradesh).
The CIN (Corporate Identification Number) of Asian Energy Services is L23200MH1992PLC318353. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Asian Energy Services is a listed company as per MCA records. Its shares are listed on both BSE (code: 530355) and NSE (symbol: ASIANENE).
Asian Energy Services has 46 court cases on record: 29 filed by the company and 17 filed against it. 2 are pending. Most are in the high courts.
Asian Energy Services was incorporated on 09 March 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Asian Energy Services has 104 deals on record (98 market trades, 5 funding rounds, 1 acquisition), with disclosed funding of ₹189.19 Cr; the latest was in May 2026.
Parikshit Datta was appointed as Director on 28 May 2025. Anil Kumar Jha was appointed as Director on 14 May 2024. Aman Garg was appointed as Director on 03 May 2024. Asian Energy Services has 39 board changes on record in total.

