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Aban Offshore Limited (ABAN) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Aban Offshore Limited stock ₹39.22, price ₹14.34, upside +173.5%, quality 27 out of 100. Rating: strongly undervalued. Calculated from audited financials with 5 of our 26 valuation models and 37 quality factors, updated daily.

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Energy IN · ISIN INE421A01028

AO Aban Offshore Limited logo Thin data Nov 11, 2026

Aban Offshore Limited

ABAN · NSE
Cheap, value-trap risk

The stock costs 63% less than our calculation considers fair.

Fair value ₹39.22 · Strongly undervalued
Revenue last quarter +44% vs. a year ago.
Negative equity (buybacks among others)
Mixed vs. peers (4/7)
Quality 27/100
Weak Growth (revenue 5y −17.5 %/yr in INR)
Loss-making · -41.8% net margin (TTM)
Negative free cash flow
Narrow moat 35/100 · thin data
Thin data
⟳ Cyclical
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹88.60 ₹13.18 Fair Value ₹39.22 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.

How to read this chart

60‑month range ₹13.18 – ₹88.60 · fair‑value band ₹36.23 – ₹41.66 · the ₹14.34 price screens below the ₹39.22 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 11, 2026.

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Company profile

Aban Offshore Limited, together with its subsidiaries, provides offshore drilling and production services for exploration, development, and production of oil and gas in India and internationally.

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The company owns and operates fleets, such as offshore drilling rigs, jack up rigs, semi-submersible rigs, drill ships, and floating production units. Aban Offshore Limited was incorporated in 1986 and is based in Chennai, India.

Stock analysis

Aban Offshore Limited (ABAN) currently trades at ₹14.34, while our model-based Fair Value estimate is ₹39.22, implying the stock looks roughly 63% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of ₹95.84 per share, and 5 of the 5 models we run sit above the ₹14.34 price.

Bear case: the Earnings-Based group reads lowest at ₹39.22, and 0 of the 5 models stay below the price. Data coverage for this calculation is low.

Scenario range: ₹36.23 (bear) to ₹41.66 (bull), the price of ₹14.34 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 27/100 (below-average quality), in the Energy sector.

Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.

Aban Offshore Limited reported revenue of ₹4.1B in FY2026 versus ₹6.0B in FY2022, a compound −9.0%/yr. Reported net income was −₹5.3B in FY2026.

Key figures

Market cap ₹837M (≈ $8.9M) Micro · P/S ratio 0.18 · EPS (TTM) ₹−32.94 · Net margin −41.8% · Return on assets (EBIT) 2.1% (5-year average) · Operating margin 47.2% · Revenue (TTM) ₹4.6B · Revenue growth (YoY) +44.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).

What moves the price

The share trades about 61% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Energy peers we cover trades at −26% fair-value upside, at 174%, ABAN screens cheaper than that median.

Fair Value models

Bear ₹36.23 Fair Value ₹39.22 Bull ₹41.66
Price ₹14.34 · Upside +173.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPV ₹36.23 ₹39.22 ₹41.66 74
ROIC Compounder ₹36.23 ₹39.22 ₹41.66 72
EV/EBITDA ₹132.44 ₹172.71 ₹212.98 67
All 5 models by family
Earnings-Based
EPV ₹36.23 ₹39.22 ₹41.66 74
Multiples
EV/EBIT ₹60.93 ₹77.36 ₹93.80 66
EV/EBITDA ₹132.44 ₹172.71 ₹212.98 67
EV/Revenue ₹70.58 ₹95.84 ₹121.11 54
Economic Profit
ROIC Compounder ₹36.23 ₹39.22 ₹41.66 72

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Quality Score breakdown

Overall quality 27/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 7
How much profit the company makes from its sales and capital
Quality Growth 22
Are margins and returns getting better?
Cashflow 11
Do the profits arrive as real cash?
Financial strength 3
Debt, balance sheet and risk of trouble
Investment 49
Does it invest with discipline instead of growing at any price?
Low Volatility 66
How calm the share price moves, does not count
Price momentum 8
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 3
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−13.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−17.5%
Start year 2021 (pandemic). Over 10 years: −18.9% a year
Revenue growth 26 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.9%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−88.5% (2020) → 9.4% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Drilling · 34 stocks

Beats the industry median on 4/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 27 · Bottom 25%
Fair Value upside +173.5% · Top 25%
Profitability
Return on equity (12 months) Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets −30.1% · Bottom 25%
Net margin (12 months) −41.8% · Bottom 25%
Operating margin (12 months) 47.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 44.4% · Top 25%
Balance sheet
Debt / equity Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs Oil & Gas Drilling median · lower = cheaper

P/B Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (12 months) 0.18× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 18
FUTURE (revenue growth)100 · sector 3
PAST (return on equity)0 · sector 5
HEALTH (low debt)0 · sector 80
DIVIDEND (yield)0 · sector 32

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Oil & Gas Drilling stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Patterson-UTI Energy, Inc PTEN $10.05 $21.65 +115% vs ABAN
ADES Holding 2382 8.40 SAR 10.43 SAR +24% vs ABAN
Noble Corporation NE $41.09 $45.20 +10% vs ABAN
Transocean Ltd RIG $5.18 $4.00 −23% vs ABAN
Valaris Limited VAL $78.92 $58.75 −26% vs ABAN
Helmerich & Payne, Inc HP $35.70 $21.09 −41% vs ABAN
Odfjell Drilling Ltd ODL kr 103.60 kr 60.99 −41% vs ABAN
Nabors Industries Ltd NBR $77.32 $41.47 −46% vs ABAN
Sinopec Oilfield Service Corporation 600871 ¥2.03 ¥0.5200 −74% vs ABAN
Seadrill Limited SDRL $43.72 $10.34 −76% vs ABAN

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Aban Offshore Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Aban Offshore Limited Fair Value". https://www.fairvalue-calculator.com/stock/ABAN

Frequently asked questions

Is Aban Offshore Limited (ABAN) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of ₹39.22 versus a price of ₹14.34, about +174% upside (undervalued).
What is the fair value of ABAN?
Our model-based fair value for Aban Offshore Limited is ₹39.22 (as of Nov 11, 2026), built from audited fundamentals. The current price: ₹14.34.
What is the quality score of ABAN?
Aban Offshore Limited has a Quality Score of 27/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Aban Offshore Limited (ABAN)?
Our model-based price target is the fair value of ₹39.22 (as of Nov 11, 2026) from 5 valuation models. Cautious scenario ₹36.23, optimistic scenario ₹41.66. It is a calculation from audited fundamentals, not an analyst target.
What is the Aban Offshore Limited stock forecast for 2026?
Our models put fair value at ₹39.22, about +174% upside versus a price of ₹14.34 (undervalued). Cautious scenario ₹36.23, optimistic scenario ₹41.66. The calculation is refreshed regularly with new filings.
What is the revenue of Aban Offshore Limited (ABAN)?
Aban Offshore Limited reported trailing-twelve-month revenue of about ₹4.6B (latest available figure, as of Nov 11, 2026).
What is the intrinsic value of Aban Offshore Limited (ABAN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aban Offshore Limited it is ₹39.22 per share (as of Nov 11, 2026), against a price of ₹14.34. It is the blended result of 5 valuation models in 3 families (Earnings-Based, Multiples, Economic Profit).
Is Aban Offshore Limited stock overvalued or undervalued in 2026?
As of Nov 11, 2026, ABAN trades below its calculated fair value: price ₹14.34, fair value ₹39.22, a gap of about +174% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ABAN?
No. The price is what the market pays today (₹14.34); the fair value is what the company's own numbers justify (₹39.22). For Aban Offshore Limited the two are ₹24.88 per share apart. That gap is exactly why we show both numbers side by side.
How much is Aban Offshore Limited worth?
The market values Aban Offshore Limited at about ₹837M (market capitalisation, as of Nov 11, 2026). Per share that is ₹14.34; our models calculate a fair value of ₹39.22 per share.
What do the bullish and bearish scenarios say about ABAN?
Our models span a range for Aban Offshore Limited: cautious scenario ₹36.23, base ₹39.22, optimistic ₹41.66 per share (as of Nov 11, 2026, price ₹14.34). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Aban Offshore Limited (ABAN)?
Balance-sheet figures for Aban Offshore Limited (as of Nov 11, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is ABAN from its 52-week high?
Aban Offshore Limited trades at ₹14.34, about 61% below its 52-week high of ₹36.74 and 9% above the low of ₹13.18 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹39.22 is for.
Which stocks are comparable to Aban Offshore Limited?
From the same area (Energy) we also value Noble Corporation, Transocean Ltd, Valaris Limited, Sinopec Oilfield Service Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Aban Offshore Limited stock attractive at the current price?
The data as of Nov 11, 2026: price ₹14.34, calculated fair value ₹39.22 (+174%), Quality Score 27/100, from 5 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ABAN calculated?
We run Aban Offshore Limited through 5 models from 3 families: Earnings-Based, Multiples, Economic Profit. Every model gets the same audited fundamentals; the fair value of ₹39.22 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Aban Offshore Limited currently trades 63% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Aban Offshore Limited (ABAN)?
The closing price on Nov 9, 2026 was ₹14.34. Our model-based fair value is ₹39.22, about +174% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aban Offshore Limited right now?
The large discount to fair value meets weak quality (27/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (₹36.23). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. The models converge in a tight band (₹36.23 to ₹41.66), unusually little disagreement for a valuation.

Key figures of Aban Offshore Limited

How large is the market capitalisation of Aban Offshore Limited (ABAN)?
The market capitalisation of Aban Offshore Limited is ₹837M (≈ $8.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Aban Offshore Limited (ABAN)?
The price-to-sales ratio of Aban Offshore Limited is 0.18 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Aban Offshore Limited (ABAN)?
Earnings per share at Aban Offshore Limited are ₹−32.94. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Aban Offshore Limited (ABAN)?
The net margin of Aban Offshore Limited is −41.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Aban Offshore Limited (ABAN)?
On an EBIT basis the return on assets of Aban Offshore Limited is 2.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Aban Offshore Limited (ABAN)?
The operating margin of Aban Offshore Limited is 47.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aban Offshore Limited (ABAN)?
Revenue at Aban Offshore Limited is growing +44.4% versus a year earlier (3y avg +1.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Aban Offshore Limited (ABAN) generate?
The free cash flow of Aban Offshore Limited is −₹933M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Aban Offshore Limited (ABAN) carry?
The net debt of Aban Offshore Limited is ₹170B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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