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Asian Energy Services Limited (ASIANENE) Fair Value & Analysis

Energy · IN · Market cap ₹18.0B

AE Asian Energy Services Limited ASIANENE · NSE
Price₹405.80
Fair Value₹154.99
Upside-61.8%
Quality41/100
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Mixed Growth
Thin margins · 6.5% net margin
Low debt · negative free cash flow
0.34% dividend yield
Mixed vs. peers (6/13)
Moderate moat 47/100
Evidence: High Range ₹115.64 – ₹194.35 Share as image

Fair value as of: Aug 2, 2026

From 17 valuation models · updated 11 days ago

Share price +19.4% over the past month.

Below-average quality, and screening another 62% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹194.35). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

₹432.22 ₹54.60 Fair Value ₹154.99 Dec 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

56‑month range ₹54.60 – ₹432.22 · fair‑value band ₹115.64 – ₹194.35 · the ₹405.80 price screens above the ₹154.99 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Asian Energy Services Limited (ASIANENE) currently trades at ₹405.80, while our model-based Fair Value estimate is ₹154.99, implying the stock looks roughly 61.8% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Asian Energy Services Limited generated revenue of ₹7.9B at a net margin of 6.5%. Revenue grew 57.0% year over year. It earns a return on equity of 11.6%. Net debt stands at ₹118M. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹115.64 (bear case) to ₹194.35 (bull case); at ₹405.80, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 76% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -36% fair-value upside, at -62%, ASIANENE screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income ₹89.90 ₹100.99 ₹194.90 76
ROIC Compounder ₹166.44 ₹231.91 ₹288.47 72
Gordon GGM ₹8.36 ₹17.38 ₹27.57 70
All 17 models by family
DCF Models
Owner Earnings ₹45.65 ₹84.30 ₹165.45 31
Earnings-Based
Graham-Dodd ₹71.59 ₹499.26 ₹700.64 54
Lynch FV ₹257.94 ₹368.48 ₹479.02 50
PEG = 1.0 ₹257.94 ₹368.48 ₹479.02 46
EPV ₹131.96 ₹151.40 ₹168.40 59
Dividend Discount
Gordon GGM ₹8.36 ₹17.38 ₹27.57 70
DDM Multi-Stage ₹8.36 ₹14.66 ₹18.24 61
Multiples
P/E Multiple ₹110.54 ₹147.39 ₹184.24 63
P/S Multiple ₹134.23 ₹178.98 ₹223.72 58
P/B Multiple ₹134.23 ₹178.98 ₹223.72 55
EV/EBIT ₹133.42 ₹172.77 ₹212.13 53
EV/EBITDA ₹103.66 ₹133.10 ₹162.53 54
EV/Revenue ₹152.10 ₹210.71 ₹269.31 43
Asset-Based
NCAV (Graham) ₹50.85 ₹68.14 ₹101.70 50
Economic Profit
Residual Income ₹89.90 ₹100.99 ₹194.90 76
ROIC Compounder ₹166.44 ₹231.91 ₹288.47 72
Growth Earnings
Growth-Adj P/E ₹302.30 ₹431.86 ₹561.42 68

Widest divergence: Growth Earnings (₹431.86) versus Dividend Discount (₹14.66). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹7.9B
Revenue growth (YoY) +57.0%
Net margin 6.5%
Return on equity 11.6%
Free cash flow −₹302M FY2026
P/E ratio 32.6
More key figures
Operating margin 12.6%
EPS (TTM) ₹11.34
Dividend yield 0.3%
EPS growth (YoY) +41.4%
Net debt ₹118M FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 42 · Market factors (momentum, volatility) 69

Profitability 41
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 23
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 46
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Asian Energy Services Limited provides services to the energy, mineral, coal, and power sectors primarily in India. The company operates through Oil and Gas, and Mineral and Other Energy Sectors segments.

Full company description

Asian Energy Services Limited provides services to the energy, mineral, coal, and power sectors primarily in India. The company operates through Oil and Gas, and Mineral and Other Energy Sectors segments. It offers seismic services, including a national seismic program, carpet 3D, seismic WORK, 2D/3D land seismic acquisition, transition zone acquisition, on-site data processing, borehole and multiclient seismic, seismic consulting and interpretation, and wireless seismic and data acquisition in real time. The company also operates and maintains onshore and offshore oil and gas facilities; offers energy-intensive techniques, such as injection of heat, chemicals, carbon dioxide or other gases, and cyclical steam injection to extract crude; and provides material handling, exploration, mining development and operation, and other services. In addition, it offers various facilities, such as floating oil production units; floating, production, storage, and offloading; mobile oil production units; and onshore oil and gas terminals. The company was formerly known as Asian Oilfield Services Limited and changed its name to Asian Energy Services Limited in October 2020. Asian Energy Services Limited was incorporated in 1992 and is based in Mumbai, India. Asian Energy Services Limited is a subsidiary of Oilmax Energy Private Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Asian Energy Services Limited reported revenue of ₹7.9B in FY2026 versus ₹2.6B in FY2022, a compound +32.4%/yr. Reported net income was ₹512M in FY2026, compounding +7.1%/yr from FY2022.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹7.9B
Latest YoY
+70.1%
Avg. growth/yr (3Y) 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.
+93.6%
Avg. growth/yr (5Y) 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.
+28.3%
Avg. growth/yr (20Y) 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.
+24.2%
Revenue +32.4%/yr
FY22 ₹2.6B
FY23 ₹1.1B
FY24 ₹3.0B
FY25 ₹4.7B
FY26 ₹7.9B
Net income +7.1%/yr
FY22 ₹388M
FY23 −₹444M
FY24 ₹255M
FY25 ₹421M
FY26 ₹512M

ASIANENE screens 62% overvalued. Compare with SLB N.V →

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Cite: Fair Value Calculator (2026). "Asian Energy Services Limited Fair Value". https://www.fairvalue-calculator.com/stock/ASIANENE

Peer Group

Oil & Gas Equipment & Services · 190 stocks

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.

Quality Score 41 · Below median
Fair Value upside −62% · Bottom 25%
Return on equity (TTM) 12% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 13% · Above median
Revenue growth 57% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.15× · Lower than median

Valuation Multiples vs Oil & Gas Equipment & Services median · lower = cheaper

P/E (TTM) 32.6× · Pricier than median
P/B 3.64× · Pricier than 75% of peers
P/S (TTM) 2.27× · Pricier than 75% of peers
EV/EBITDA 18.1× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 1
PAST 46 · sector 28
HEALTH 93 · sector 92
DIVIDEND 7 · sector 31

VALUE 0: the price sits above our fair-value range.

Values & ESG

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

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
SLB N.V SLBN 836.00 MXN 533.97 MXN -36%
Baker Hughes Company BKR $55.95 $33.55 -40%
TechnipFMC plc FTI $74.57 $27.57 -63%
Halliburton Company HAL $35.22 $21.50 -39%
Tenaris S.A TS $57.16 $45.68 -20%
Yantai Jereh Oilfield Services Group 002353 ¥138.79 ¥34.17 -75%
Saipem SpA SPM €4.20 €2.72 -35%
Subsea 7 S.A SUBC kr 319.00 kr 227.98 -29%
China Oilfield Services Limited 601808 ¥12.08 ¥12.64 +5%
Gaztransport & Technigaz SA GTT €188.10 €95.01 -49%

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Frequently asked questions

Is Asian Energy Services Limited (ASIANENE) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹154.99 versus a price of ₹405.80, about −62% (overvalued).
What is the fair value of ASIANENE?
Our model-based fair value for Asian Energy Services Limited is ₹154.99 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹405.80.
What is the quality score of ASIANENE?
Asian Energy Services Limited has a Quality Score of 41/100. 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 revenue of Asian Energy Services Limited (ASIANENE)?
Asian Energy Services Limited reported trailing-twelve-month revenue of about ₹7.9B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of ASIANENE?
The net profit margin of Asian Energy Services Limited is about 6.5%, meaning it keeps roughly 6.5% of revenue as net income. Based on the latest reported figures.
Does Asian Energy Services Limited pay a dividend?
Asian Energy Services Limited currently shows a dividend yield of about 0.34% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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