Last 687.00 INR
Change Today -48.80 / -6.63%
Volume 1.4M
As of 7:05 AM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

aban offshore ltd (ABAN) Snapshot

Open
736.00
Previous Close
735.80
Day High
741.50
Day Low
682.60
52 Week High
07/8/14 - 940.00
52 Week Low
09/25/13 - 210.00
Market Cap
38.1B
Average Volume 10 Days
1.2M
EPS TTM
108.25
Shares Outstanding
55.5M
EX-Date
09/10/14
P/E TM
6.3x
Dividend
3.60
Dividend Yield
0.52%
Current Stock Chart for ABAN OFFSHORE LTD (ABAN)

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aban offshore ltd (ABAN) Details

Aban Offshore Limited provides offshore drilling and production services to companies engaged in the exploration, development, and production of oil and gas in India and internationally. It owns and operates a portfolio of assets, including 15 jack-ups, 2 drill ships, and 1 floating production unit. The company is also involved in the ownership and operation of wind turbines for the generation of wind power. It installs and operates 132 wind energy generators at Nagercoil, Tamil Nadu. Aban Offshore Limited was incorporated in 1986 and is headquartered in Chennai, India.

1,415 Employees
Last Reported Date: 08/13/14
Founded in 1986

aban offshore ltd (ABAN) Top Compensated Officers

Managing Director, Chief Executive Officer, E...
Total Annual Compensation: 30.0M
Chief Financial Officer, Compliance Officer, ...
Total Annual Compensation: 4.8M
Deputy Managing Director, Executive Director,...
Total Annual Compensation: 4.8M
Compensation as of Fiscal Year 2014.

aban offshore ltd (ABAN) Key Developments

Aban Offshore Opts for Longer Tenure of 15 Years to Repay $2.4 Billion Debt

Aban Offshore restructured its debt-repayment schedule by opting for a longer tenure. Instead of the 10-year tenure, as scheduled earlier, the company has restructured the tenure to 15 years. The company had $2.4 billion term-debt on its books on March 31, 2014, which included foreign currency term-loans raised from a slew of banks as well as bonds. In its annual report 2013-14, the company had opted to refinance the debt for a longer tenure of 15 years, aligning it with the long-term nature of the company's assets. The long-tenured refinancing is also expected to reduce considerable stress on the company's repayment capability and projected cash flows.

Aban Offshore's Board Meeting Approves Voluntary Delisting Of Equity Shares From Madras Stock Exchange Limited

Aban Offshore Ltd announced that the Board of Directors of the Company at its meeting held on July 31, 2014, has been approved the proposal of voluntary delisting of the equity shares from Madras Stock Exchange Limited. However, the Company's equity shares will continue to be listed in Bombay Stock Exchange Ltd (BSE) and National Stock Exchange of India Ltd (NSE) having nation-wide terminals.

Aban Offshore Limited Reports Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2014

Aban Offshore Limited reported unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, on standalone basis, reported total income of INR 2,094.49 million compared to INR 1,622.22 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 978.43 million compared to INR 357.29 million a year ago. Profit from ordinary activates before tax was INR 793.55 million compared to loss from ordinary activates before tax of INR 110.37 million a year ago. Net profit was INR 665.24 million or INR 14.81 per diluted share after extraordinary items compared to net loss of INR 160.80 million or INR 3.67 per diluted share after extraordinary items a year ago. For the quarter, on consolidated basis, reported total income of INR 10,277.81 million compared to INR 8,885.11 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 4,569.99 million compared to INR 3,518.13 million a year ago. Profit from ordinary activates before tax was INR 1,896.80 million compared to INR 902.91 million a year ago. Net profit was INR 1,501.90 million or INR 34.00 per diluted share after extraordinary items compared to INR 732.53 million or INR 17.06 per diluted share after extraordinary items a year ago.

 

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ABAN Competitors

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Company Last Change
Atwood Oceanics Inc $44.51 USD -0.11
China Oilfield Services Ltd CNY19.48 CNY -0.51
Songa Offshore 2.49 NOK -0.01
UMW Oil & Gas Corp Bhd 3.82 MYR -0.01
Vantage Drilling Co $1.66 USD +0.01
View Industry Companies
 

Industry Analysis

ABAN

Industry Average

Valuation ABAN Industry Range
Price/Earnings 7.4x
Price/Sales 0.8x
Price/Book 0.8x
Price/Cash Flow 4.1x
TEV/Sales NM Not Meaningful
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