ABAN
Aban Offshore financials
- Market cap
- ₹84 Cr
- Sector
- Oil, Gas & Consumable Fuels
What Aban Offshore does
Aban Offshore is a Chennai-based multinational that owns and operates offshore drilling rigs, providing contract drilling and oilfield services to oil and gas exploration and production companies worldwide. It earns from long-term rig-deployment contracts — during FY2024-25 three of its rigs were on contract with ONGC, India's national oil explorer, for a three-year tenure, while one rig remained idle. Its rig assets are held through a group of wholly and majority-owned subsidiaries incorporated in Singapore, the UK, Malaysia and Norway. The company is pursuing an asset-light approach, exploring sourcing of additional offshore units to bid for contracts in India rather than owning more rigs outright.
Segments
- Offshore drilling rig services
- Offshore drilling rig fleet
- 4 rigs (3 on contract, 1 idle) — FY25
- Rigs under long-term contract
- 3, with ONGC on a 3-year tenure
- Employees
- 418
- Group subsidiaries / rig-owning entities
- 11, across Singapore, UK, Norway & Malaysia
- Historical client geography
- 11+ countries incl. India, Brazil, Thailand, Malaysia, Mexico, Vietnam, Qatar, Oman, UAE, Bangladesh, Ghana
Quarterly results
Q4 FY26: revenue up 16.0%, net profit up 600.0% against the same quarter last year.
| Line item | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 27 | 39 | 34 | 25 | 25 −7% | 31 −21% | 27 −21% | 29 +16% |
| EBITDA | 12 | 31 | 14 | 17 | 19 +58% | 5 −84% | 23 +64% | 10 −41% |
| Net profit | 6 | 164 | -3 | 2 | 4 −33% | -10 −106% | 24 +900% | 14 +600% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −67.3% 1Y
1Y: ₹43.98 on 10 Sept 2025 → ₹14.39. High ₹45.17 (24 Sept 2025), low ₹13.18 (29 Jun 2026).
Financials, as filed
Revenue fell 26.1% a year over 3 years, FY23 to FY26. Operating margin widened to 50.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹278 Cr | ₹90 Cr | ₹125 Cr | ₹112 Cr |
| Operating profit | ₹-116 Cr | ₹-187 Cr | ₹74 Cr | ₹57 Cr |
| Operating margin | -41.7% | -207.8% | 59.2% | 50.9% |
| Interest | ₹579 Cr | ₹64 Cr | ₹64 Cr | ₹32 Cr |
| Depreciation | ₹42 Cr | ₹40 Cr | ₹26 Cr | ₹0 Cr |
| Net profit | ₹-555 Cr | ₹-283 Cr | ₹169 Cr | ₹32 Cr |
| Net margin | -199.6% | -314.4% | 135.2% | 28.6% |
| Cash from operations | ₹23 Cr | ₹-5 Cr | ₹4 Cr | — |
| Free cash flow | ₹78 Cr | ₹-5 Cr | ₹21 Cr | — |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Equity capital | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹-439 Cr | ₹-671 Cr | ₹-777 Cr | ₹-892 Cr | ₹-1.2k Cr | ₹-1.0k Cr |
| Borrowings | ₹820 Cr | ₹762 Cr | ₹760 Cr | ₹674 Cr | ₹677 Cr | ₹696 Cr |
| Other liabilities | ₹801 Cr | ₹855 Cr | ₹854 Cr | ₹891 Cr | ₹930 Cr | ₹872 Cr |
| Total liabilities | ₹1.2k Cr | ₹957 Cr | ₹849 Cr | ₹684 Cr | ₹444 Cr | ₹567 Cr |
| Fixed assets | ₹354 Cr | ₹173 Cr | ₹127 Cr | ₹74 Cr | ₹36 Cr | ₹11 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr |
| Other assets | ₹827 Cr | ₹771 Cr | ₹709 Cr | ₹597 Cr | ₹395 Cr | ₹543 Cr |
| Total assets | ₹1.2k Cr | ₹957 Cr | ₹849 Cr | ₹684 Cr | ₹444 Cr | ₹567 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs trimmed −0.20 pp while the public added +0.20 pp. The shareholder count shrank 1% to 93,148.
- Promoters
- 46.0%
- DIIs
- 0.1%
- Public
- 53.9%
Since Jun 2025
- DIIs −0.20 pp
- Public +0.20 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Over this window the public went from 52.1% to 53.9% — +1.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 46.0%, FIIs 0.1%, DIIs 1.9%, Public 52.1%.Dec '23: Promoters 46.0%, FIIs 0.1%, DIIs 1.7%, Public 52.2%.Mar '24: Promoters 46.0%, FIIs 0.4%, DIIs 1.7%, Public 51.9%.Jun '24: Promoters 46.0%, FIIs 0.1%, DIIs 1.7%, Public 52.2%.Sep '24: Promoters 46.0%, FIIs 0.1%, DIIs 1.7%, Public 52.2%.Dec '24: Promoters 46.0%, FIIs 0.1%, DIIs 1.7%, Public 52.2%.Mar '25: Promoters 46.0%, FIIs 0.1%, DIIs 1.0%, Public 52.9%.Jun '25: Promoters 46.0%, DIIs 0.3%, Public 53.7%.Sep '25: Promoters 46.0%, DIIs 0.1%, Public 53.9%.Dec '25: Promoters 46.0%, DIIs 0.1%, Public 53.9%.Mar '26: Promoters 46.0%, DIIs 0.1%, Public 53.9%.Jun '26: Promoters 46.0%, DIIs 0.1%, Public 53.9%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Aban Offshore above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| India Offshore Inc | 14.27% | unchanged |
| Aban Investments Private Limited | 9.69% | unchanged |
| Reji Abraham | 9.64% | unchanged |
| Deepa Reji Abraham | 6.92% | unchanged |
| Saley Abraham | 3.70% | unchanged |
| Aban Ventures Private Limited | 1.78% | unchanged |
| Investor Education and Protection Fund (IEPF) | 1.15% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Aban Offshore
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