Aakash Exploration

Ahmedabad, India Founded: 2007 • Age: 19 yrs Listed
Oil and gas field services, including workover rigs, are provided.
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About Aakash Exploration

Aakash Exploration is a publicly listed company based in Ahmedabad (India) founded in 2007 by Hemang Haria. Oil and gas field services, including workover rigs, are provided. The company has 1,300 employees. Its chief executive, as recorded, is Hemang Haria. Its website aakashexploration.com draws about 20 thousand monthly visits. Its Indian entity Aakash Exploration Services Limited reported revenue of ₹114 Cr. Aakash Exploration offers products and services including Workover Rig and Mobile Pumping Unit. Its focus areas include Energy and Oil & Gas Equipment.

Company details

Provider of oil and gas field services, including workover rigs and specialized equipment. It offers a variety of services such as well head maintenance, well head greasing, hot oil circulation, sucker rod pumping, and chemical dosing. The company also provides mobile support units including air compressors, pumping units, and steaming units. Its services are used in oil enhancement recovery and other related operations. The companys expertise extends to the supply and maintenance of sucker rod pumping units and other equipment.

  • Headquarters Ahmedabad, India
  • Employees 1,300
  • Founders Hemang Haria
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website aakashexploration.com
  • Social LinkedIn
  • Legal Name Aakash Exploration Services Ltd.
Operational Areas
Industrial Goods & Manufacturing → Oil & Gas Equipment & Services
Key Metrics
  • Market Cap
    ₹78.57 Cr

    AAKASH · NSE

  • Share Price
    ₹7.82

    +0.77% today

  • Revenue
    ₹92.23 Cr

    FY 2023-24 · -0.4% YoY

  • EBITDA
    ₹17.12 Cr

    Margin 18.6%

  • Net Profit
    ₹6.20 Cr

    FY 2023-24 · +34.8% YoY

  • P/E (TTM)
    16.6x

    P/B 1.4x

  • ROE
    11.2%

    ROCE 12.6%

  • Debt / Equity
    0.45

    Interest cover 18.6x

  • Employee Count
    1,300

Products & Services of Aakash Exploration

Aakash Exploration offers a comprehensive portfolio of products and services, including Workover Rig and Mobile Pumping Unit.

Workover Rig
Oil Field Equipment

Maintenance and operation of workover rigs are provided for oil and gas field services

Mobile Pumping Unit
Oil Field Services

Mobile pumping units are supplied for oil enhancement recovery and related operations

Board of directors of Aakash Exploration Services Limited (Aakash Exploration)

Aakash Exploration Services Limited is the primary company behind Aakash Exploration. The board of Aakash Exploration Services Limited currently have 6 directors; the longest-serving is Vipul Navinchandra Haria, appointed in 2007. 4 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Vipul Navinchandra Haria
DIN 01690638
Managing Director17 Jan 200719 yrs 9 moAakash Exploration Services Limited
Hemang Navinbhai Haria
DIN 01690627
Whole-time director17 Jan 200719 yrs 9 moAakash Exploration Services Limited
Ami Nirav Shah
DIN 08047071
Director14 Dec 20178 yrs 10 moAakash Exploration Services Limited
Divyang Rameshchandra Patel
DIN 08048091
Director14 Dec 20178 yrs 10 moAakash Exploration Services Limited
Piyush Vasanji Savla
DIN 08047095
Director14 Dec 20178 yrs 10 moAakash Exploration Services Limited
Vihan Haria
DIN 10939452
Whole-time director11 Aug 20262 moAakash Exploration Services Limited

People of Aakash Exploration

3 people are tracked at Aakash Exploration (3 in leadership); the tracked headcount is 1,300.

NameRoleGroup
Hemang Haria
Founder & Co-CEOLeadership
Krunal Haria
Co-CEOLeadership
Vipul Haria
Co-CEOLeadership
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IPO & Listings of Aakash Exploration

Aakash Exploration is a publicly listed company on the NSE with ticker symbol AAKASH in India, operating in the Energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date29 Sep 2020
  • Listed onNSE: AAKASH
  • Listed entityAakash Exploration Services Ltd.
  • Exchange sectorEnergy minerals
  • ISININE087Z01024
  • Share price₹8.24 (-1.2% on the day) · 2026-10-14
  • Market capitalisation₹84.4 Cr
  • Price to earnings23.9
  • EPS (diluted, trailing year)₹0.34
  • Volume (last session)39,652

Financials of Aakash Exploration

Exchange-reported figures of Aakash Exploration Services Limited, the listed company behind Aakash Exploration (NSE: AAKASH).

Financial Highlights

FY 2023-24 · Consolidated
Revenue
₹92.23 Cr
-0.4% YoY
EBITDA
₹17.12 Cr
+28.2% YoY
Profit After Tax
₹6.20 Cr
+34.8% YoY
Net Worth
₹58.53 Cr
+11.9% YoY
Total Assets
₹84.61 Cr
+10.2% YoY
Total Debt
₹25.71 Cr
+6.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2023-24FY 2022-23
Income statement
Revenue92.2392.58
Revenue growth-0.4%-
EBITDA17.1213.35
EBITDA margin+18.6%+14.4%
Profit before tax8.386.14
Net profit6.204.60
Net profit margin+6.7%+5.0%
EPS (₹)0.610.45
Balance sheet
Total assets84.6176.81
Net worth58.5352.31
Total debt25.7124.18
Cash & bank0.841.26
Net working capital18.4812.02
Cash flow
Cash from operations10.2118.50
Cash from investing(10.38)(24.03)
Cash from financing(0.25)6.45
ParticularsDec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Revenue23.3523.0526.0130.8921.8021.2418.3019.71
Revenue growth (YoY)+7.1%+8.5%+42.1%+56.7%-18.9%---
Other income0.310.370.530.390.050.100.060.15
EBITDA2.192.023.356.942.803.913.473.82
EBITDA margin+9.4%+8.8%+12.9%+22.5%+12.8%+18.4%+19.0%+19.4%
Depreciation1.781.741.711.961.951.841.802.00
Interest0.350.480.540.600.350.480.350.48
Profit before tax0.370.171.634.770.551.691.381.49
Tax0.110.070.431.260.130.430.350.43
Net profit0.260.101.203.510.421.261.031.06
EPS (₹)0.030.010.120.350.040.120.100.00
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue11298.1992.2392.5876.8859.7767.48
Revenue growth+14.5%+6.5%-0.4%+20.4%+28.6%-11.4%-
EBITDA15.0810.1117.1213.3515.3212.7514.96
EBITDA margin+13.4%+10.3%+18.6%+14.4%+19.9%+21.3%+22.2%
Profit before tax4.842.568.386.148.205.556.73
Net profit3.390.996.204.606.064.075.10
Net profit margin+3.0%+1.0%+6.7%+5.0%+7.9%+6.8%+7.6%
EPS (₹)0.350.180.610.450.604.084.78
Balance sheet
Total assets91.4084.3884.6176.8164.1660.0961.36
Net worth63.8860.3758.5352.3147.7541.4937.35
Total debt26.5223.4625.7224.1816.0518.1723.67
Cash & bank0.110.420.831.260.341.230.50
Net working capital17.3917.4218.4612.0217.5812.3613.99
Cash flow
Cash from operations14.438.2310.2118.509.7314.0317.88
Cash from investing(15.88)(4.42)(10.39)(24.03)(7.13)(5.94)(12.06)
Cash from financing1.15(4.23)(0.25)6.45(3.49)(7.36)(5.93)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue27.0727.8932.6531.1524.8123.8625.7723.35
Revenue growth (YoY)+9.1%+16.9%+26.7%+33.4%+7.6%-8.3%--
Other income0.521.480.590.220.180.290.370.31
Total expenses24.2825.6627.3227.1921.9020.9723.2321.16
EBITDA2.792.235.333.962.912.892.542.19
EBITDA margin+10.3%+8.0%+16.3%+12.7%+11.7%+12.1%+9.9%+9.4%
Depreciation2.952.522.872.652.221.881.941.78
Interest0.600.490.370.450.510.580.600.35
Profit before tax(0.24)0.702.681.080.360.720.370.37
Tax0.040.190.790.280.090.180.110.11

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 05 Nov 2026
ParticularsDec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Revenue23.3523.0526.0130.8921.8021.2418.3019.71
Revenue growth (YoY)+7.1%+8.5%+42.1%+56.7%-18.9%---
Other income0.310.370.530.390.050.100.060.15
EBITDA2.192.023.356.942.803.913.473.82
EBITDA margin+9.4%+8.8%+12.9%+22.5%+12.8%+18.4%+19.0%+19.4%
Depreciation1.781.741.711.961.951.841.802.00
Interest0.350.480.540.600.350.480.350.48
Profit before tax0.370.171.634.770.551.691.381.49
Tax0.110.070.431.260.130.430.350.43
Net profit0.260.101.203.510.421.261.031.06
EPS (₹)0.030.010.120.350.040.120.100.00
ParticularsFY 2023-24FY 2022-23
Revenue92.2392.58
Revenue growth-0.4%-
Other income0.591.49
Total expenses75.1179.23
Employee cost28.3925.85
EBITDA17.1213.35
EBITDA margin+18.6%+14.4%
Depreciation7.557.02
Interest1.781.68
Profit before tax8.386.14
Tax2.171.60
Net profit6.204.60
Net profit margin+6.7%+5.0%
EPS (₹)0.610.45
ParticularsFY 2023-24FY 2022-23
Equity & liabilities
Share capital10.1310.13
Reserves & surplus48.4042.18
Shareholders' funds (net worth)58.5352.31
Minority interest0.000.00
Secured loans1.485.19
Unsecured loans24.2318.99
Total debt25.7124.18
Total liabilities84.6176.81
Assets
Gross block92.0488.50
Net block59.0363.05
Capital work in progress0.000.00
Investments7.000.00
Inventories0.000.00
Sundry debtors24.5415.41
Cash & bank balances0.841.26
Loans & advances0.660.70
Total current assets26.0417.37
Total current liabilities7.565.35
Net working capital18.4812.02
Total assets84.6176.81
ParticularsFY 2023-24FY 2022-23
Opening cash1.260.34
Net cash from operating activities10.2118.50
Net cash from investing activities(10.38)(24.03)
Net cash from financing activities(0.25)6.45
Net change in cash(0.42)0.92
Closing cash0.841.26
ParticularsFY 2023-24FY 2022-23
Growth
Sales growth-0.4%-
EBITDA growth+28.2%-
PBT growth+36.5%+9997.0%
Net income growth+34.8%-
Profitability & leverage
Net income margin+6.7%+4.9%
Return on capital employed+12.6%+10.2%
Return on net worth+11.2%+8.7%
Debt / equity0.450.46
Long-term debt / equity0.100.10
Interest cover18.6026.54
Efficiency & per share
Fixed asset turnover1.021.05
Inventory turnover0.000.00
Debtors turnover4.626.01
EPS (₹)0.610.45
Dividend per share (₹)0.000.00
Book value per share (₹)5.785.17
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue27.0727.8932.6531.1524.8123.8625.7723.35
Revenue growth (YoY)+9.1%+16.9%+26.7%+33.4%+7.6%-8.3%--
Other income0.521.480.590.220.180.290.370.31
Total expenses24.2825.6627.3227.1921.9020.9723.2321.16
EBITDA2.792.235.333.962.912.892.542.19
EBITDA margin+10.3%+8.0%+16.3%+12.7%+11.7%+12.1%+9.9%+9.4%
Depreciation2.952.522.872.652.221.881.941.78
Interest0.600.490.370.450.510.580.600.35
Profit before tax(0.24)0.702.681.080.360.720.370.37
Tax0.040.190.790.280.090.180.110.11
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue11298.1992.2392.5876.8859.7767.48
Revenue growth+14.5%+6.5%-0.4%+20.4%+28.6%-11.4%-
Other income1.291.590.591.490.510.590.59
Total expenses97.3888.0875.1179.2361.5647.0252.52
Employee cost38.0531.9628.3925.8523.3219.8220.54
EBITDA15.0810.1117.1213.3515.3212.7514.96
EBITDA margin+13.4%+10.3%+18.6%+14.4%+19.9%+21.3%+22.2%
Depreciation9.627.177.557.026.265.936.25
Interest1.911.971.781.681.371.862.57
Profit before tax4.842.568.386.148.205.556.73
Tax1.340.722.171.602.091.411.89
Net profit3.390.996.204.606.064.075.10
Net profit margin+3.0%+1.0%+6.7%+5.0%+7.9%+6.8%+7.6%
EPS (₹)0.350.180.610.450.604.084.78
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital10.1310.1310.1310.1310.1310.1310.13
Reserves & surplus53.7550.2448.4042.1837.6231.3627.22
Shareholders' funds (net worth)63.8860.3758.5352.3147.7541.4937.35
Secured loans7.766.069.0911.119.637.9012.13
Unsecured loans18.7617.4016.6313.076.4210.2711.54
Total debt26.5223.4625.7224.1816.0518.1723.67
Total liabilities91.4084.3884.6176.8164.1660.0961.36
Assets
Gross block12110292.0488.5064.4654.1350.93
Net block71.0261.3659.0363.0546.0241.9544.68
Capital work in progress0.000.000.000.000.000.000.00
Investments0.002.907.010.000.003.060.00
Inventories0.000.000.000.000.000.000.00
Sundry debtors24.7821.6424.5415.4121.2314.9417.33
Cash & bank balances0.110.420.831.260.341.230.50
Loans & advances4.985.350.650.702.021.411.36
Total current assets29.8727.4126.0217.3723.5917.5819.19
Total current liabilities12.489.997.565.356.015.225.20
Net working capital17.3917.4218.4612.0217.5812.3613.99
Total assets91.4084.3884.6176.8164.1660.0961.36
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.420.831.260.341.230.500.61
Net cash from operating activities14.438.2310.2118.509.7314.0317.88
Net cash from investing activities(15.88)(4.42)(10.39)(24.03)(7.13)(5.94)(12.06)
Net cash from financing activities1.15(4.23)(0.25)6.45(3.49)(7.36)(5.93)
Net change in cash(0.30)(0.42)(0.42)0.92(0.89)0.73(0.11)
Closing cash0.110.420.831.260.341.230.50
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+14.5%+6.5%-0.4%+20.4%+28.6%-11.4%-
EBITDA growth+49.2%-41.0%+28.2%-12.9%+20.2%-14.8%-
PBT growth+89.1%-69.5%+36.5%-25.1%+47.8%-17.5%+39.9%
Net income growth+242.4%-84.0%+34.8%-24.1%+48.9%-20.2%-
Revenue CAGR (3Y)+6.7%+8.5%+15.6%+11.1%+14.2%+13.4%+26.2%
EBITDA CAGR (3Y)+4.2%-12.9%+10.3%-3.7%+25.5%+18.5%+31.3%
Profitability & leverage
Net income margin+3.1%+1.9%+6.7%+4.9%+8.0%+6.9%+7.2%
Return on capital employed+7.7%+4.6%+12.6%+11.1%+15.4%+12.2%+15.4%
Return on net worth+5.6%+1.7%+11.2%+9.1%+13.7%+10.5%+13.8%
Debt / equity0.400.410.450.400.380.530.72
Long-term debt / equity0.030.050.100.080.120.270.50
Interest cover34.9867.0118.6026.5415.1227.2729.51
Efficiency & per share
Fixed asset turnover1.011.011.021.211.301.141.19
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover4.854.254.625.054.253.703.77
EPS (₹)0.350.180.610.450.604.084.78
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)6.315.965.785.174.7240.9736.88

Web traffic of Aakash Exploration

The website of Aakash Exploration (aakashexploration.com) receives about 20K visits a month.

  • Monthly visits
    20K

    ▲ 43% vs previous month

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Related news about Aakash Exploration

Aakash Exploration Services standalone net profit declines 3.70% in the June 2026 quarter | Capital Market News - Business Standard
Business Standard • 2 months ago
Aakash Exploration Services Receives LOI From Oil India
Reuters • 1 year ago
Aakash Exploration Services Re-Appoints Vipul Haria As MD
Reuters • 3 years ago
Aakash Exploration Services Says Recommended Proposal For Sub-Division Shares
Reuters • 4 years ago
Aakash Exploration Services Says To Consider Stock Split In 1:10 Ratio
Reuters • 5 years ago
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Complete news archive for Aakash Exploration

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Frequently Asked Questions about Aakash Exploration

Aakash Exploration was founded in 2007.

Aakash Exploration is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

Hemang Haria is the CEO of Aakash Exploration, as recorded in our data. They have also founded this company.

Aakash Exploration has 1,300 employees.

The primary company behind Aakash Exploration, Aakash Exploration Services Limited, reported revenue of ₹114 Cr for FY 2026, up 15% year on year.

Provider of oil and gas field services, including workover rigs and specialized equipment. It offers a variety of services such as well head maintenance, well head greasing, hot oil circulation, sucker rod pumping, and chemical dosing. The company also provides mobile support units including air compressors, pumping units, and steaming units. Its services are used in oil enhancement recovery and other related operations. The companys expertise extends to the supply and maintenance of sucker rod pumping units and other equipment.

Aakash Exploration offers Workover Rig and Mobile Pumping Unit.

Yes, Aakash Exploration is publicly traded on NSE under the ticker symbol AAKASH.

Aakash Exploration operates through Aakash Exploration Services Limited.

The legal entities of Aakash Exploration currently have 7 directors, including Nisha Karunanidhi Agrawal, Vipul Navinchandra Haria, Ami Nirav Shah and others.

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