Stock Performance and Market Context
On 26 Nov 2025, Aban Offshore's stock price touched Rs.34.3, its lowest level in the past year. This new low comes after two consecutive sessions of decline, during which the stock recorded a cumulative return of -2.89%. The day’s performance saw the stock underperform its sector by 2.31%, reflecting persistent downward momentum.
Technical indicators show the stock trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling a sustained bearish trend. This contrasts with the broader market, where the Sensex advanced by 0.9% to close at 85,349.51, edging closer to its 52-week high of 85,801.70. The Sensex has been on a three-week consecutive rise, gaining 2.56% over this period, supported by mid-cap stocks which gained 1.03% today.
Long-Term Price Movement
Over the last twelve months, Aban Offshore’s stock has declined by 43.71%, a stark contrast to the Sensex’s 6.68% gain during the same period. The stock’s 52-week high was Rs.72.31, indicating a near 53% reduction from that peak. This persistent underperformance has been consistent over the past three years, with the stock lagging behind the BSE500 index annually.
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Financial Health and Profitability Metrics
Aban Offshore’s financial indicators reveal challenges in sustaining growth and profitability. The company’s net sales have shown a negative compound annual growth rate of 18.44% over the past five years, while operating profit has remained flat during the same period. The latest quarterly results for September 2025 reported a net loss after tax (PAT) of Rs.-307.44 crores, representing a 36.0% decline compared to the previous four-quarter average.
The company’s debt profile also raises concerns. The half-yearly debt-to-equity ratio stood at -0.61 times, indicating a high leverage position. Additionally, the operating profit to interest coverage ratio for the quarter was at a low 0.06 times, suggesting limited capacity to service interest obligations from operating earnings.
Valuation and Risk Considerations
Aban Offshore’s book value is negative, which points to weak long-term fundamental strength. The stock’s valuation appears risky relative to its historical averages. Over the past year, profits have declined by 7.5%, compounding the pressure on the stock price. The company’s status as a high-debt entity further accentuates the risk profile.
Majority shareholding remains with non-institutional investors, which may influence liquidity and trading dynamics. The stock’s consistent underperformance against benchmark indices over multiple years highlights the challenges faced by the company in regaining investor confidence.
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Sector and Market Environment
The oil sector, to which Aban Offshore belongs, has experienced mixed performance in recent months. While the broader market indices have shown resilience, the stock’s decline suggests company-specific factors are weighing on its valuation. The sector’s performance today was overshadowed by mid-cap stocks leading gains, indicating a divergence in investor focus within the market.
Despite the Sensex trading above its 50-day and 200-day moving averages, signalling a bullish market environment, Aban Offshore’s share price remains subdued. This divergence underscores the stock’s current challenges relative to the broader market momentum.
Summary of Key Data Points
To summarise, Aban Offshore’s stock has reached Rs.34.3, its lowest level in 52 weeks, following a two-day decline and underperformance relative to its sector. The stock trades below all major moving averages, reflecting sustained downward pressure. Financial results indicate a net loss in the latest quarter, negative book value, and a high debt burden. Over the past year, the stock has returned -43.71%, contrasting with the Sensex’s positive returns. Majority shareholding by non-institutional investors and consistent underperformance against benchmarks add to the stock’s current profile.
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