Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹140Cr
Rev Gr TTM
Revenue Growth TTM
24.71%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

ALPHAGEO
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -75.5 | -88.8 | 89.7 | 747.5 | 267.5 | 390.5 | 682.0 | -71.6 | 36.0 | 61.7 | -72.2 | 50.9 |
| 13 | 8 | 6 | 36 | 37 | 22 | 17 | 18 | 71 | 38 | 9 | 23 |
Operating Profit Operating ProfitCr |
| 7.6 | -63.7 | -165.7 | 9.1 | 28.4 | 11.4 | 8.1 | -62.7 | -0.8 | 5.8 | -78.5 | -33.7 |
Other Income Other IncomeCr | 1 | 3 | 3 | 4 | -4 | 4 | 4 | 1 | 1 | 3 | 1 | 2 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 4 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 |
| -1 | -3 | -4 | 5 | 7 | 4 | 2 | -10 | -4 | 1 | -8 | -8 |
| 0 | 0 | 0 | 0 | 3 | 0 | 0 | -2 | 0 | 0 | -2 | -2 |
|
Growth YoY PAT Growth YoY% | -115.2 | -147.6 | -12.7 | -58.8 | 495.1 | 224.1 | 138.5 | -274.6 | -187.0 | -81.6 | -443.7 | 25.0 |
| -7.3 | -62.9 | -181.6 | 11.6 | 7.8 | 15.9 | 8.9 | -71.3 | -5.0 | 1.8 | -110.4 | -35.5 |
| -1.6 | -5.1 | -6.8 | 6.2 | 6.2 | 5.9 | 2.8 | -12.3 | -5.9 | 1.3 | -9.0 | -9.3 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| -22.9 | 23.3 | 241.5 | 40.4 | -5.7 | -34.0 | -46.5 | 8.2 | -57.4 | 49.6 | 27.4 | 6.2 |
| 47 | 62 | 204 | 307 | 303 | 248 | 128 | 122 | 59 | 88 | 129 | 141 |
Operating Profit Operating ProfitCr |
| 35.7 | 31.0 | 33.2 | 28.6 | 25.3 | 7.2 | 10.9 | 21.4 | 10.3 | 11.2 | -2.5 | -5.9 |
Other Income Other IncomeCr | 1 | 1 | 2 | 2 | 5 | 4 | 23 | 5 | 24 | 7 | 10 | 7 |
Interest Expense Interest ExpenseCr | 1 | 1 | 4 | 6 | 3 | 3 | 2 | 1 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 11 | 12 | 24 | 34 | 32 | 28 | 27 | 20 | 13 | 14 | 14 | 17 |
| 15 | 16 | 76 | 85 | 72 | -8 | 9 | 18 | 18 | 5 | -8 | -18 |
| 1 | 4 | 25 | 31 | 27 | 1 | 3 | 5 | 5 | 4 | -2 | -4 |
|
| -45.3 | -19.7 | 334.4 | 7.8 | -16.6 | -119.3 | 173.5 | 89.2 | 6.6 | -92.0 | -656.3 | -149.4 |
| 19.9 | 13.0 | 16.5 | 12.7 | 11.2 | -3.3 | 4.5 | 7.9 | 19.7 | 1.1 | -4.6 | -10.9 |
| 25.7 | 20.6 | 87.3 | 86.0 | 71.3 | -13.8 | 10.1 | 19.2 | 20.4 | 0.6 | -9.6 | -22.9 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| 78 | 91 | 168 | 227 | 269 | 251 | 257 | 265 | 277 | 272 | 262 | 253 |
Current Liabilities Current LiabilitiesCr | 7 | 48 | 162 | 139 | 123 | 69 | 45 | 37 | 6 | 14 | 42 | 29 |
Non Current Liabilities Non Current LiabilitiesCr | 0 | 3 | 15 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 26 | 66 | 203 | 250 | 296 | 225 | 211 | 227 | 211 | 222 | 203 | 186 |
Non Current Assets Non Current AssetsCr | 65 | 90 | 147 | 124 | 103 | 102 | 98 | 83 | 80 | 73 | 109 | 105 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 27 | 15 | 19 | 59 | 109 | 3 | 30 | 79 | 13 | 1 | -10 |
Investing Cash Flow Investing Cash FlowCr | -22 | -25 | -61 | -60 | 0 | -23 | -16 | -24 | -68 | 10 | 21 |
Financing Cash Flow Financing Cash FlowCr | -5 | 10 | 61 | 1 | -28 | -16 | -28 | -6 | -6 | -5 | -5 |
|
Free Cash Flow Free Cash FlowCr | 9 | -5 | -39 | 7 | 101 | -22 | 6 | 74 | 17 | -15 | -38 |
| 187.9 | 128.9 | 37.0 | 108.3 | 240.1 | -39.4 | 468.1 | 651.6 | 97.3 | 102.7 | 164.1 |
CFO To EBITDA CFO To EBITDA% | 105.0 | 54.0 | 18.4 | 48.0 | 106.5 | 18.0 | 193.9 | 239.2 | 186.9 | 9.7 | 305.5 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 218 | 291 | 547 | 477 | 306 | 79 | 113 | 197 | 128 | 208 | 139 |
Price To Earnings Price To Earnings | 15.3 | 25.6 | 10.8 | 8.8 | 6.8 | 0.0 | 17.5 | 16.2 | 9.8 | 553.6 | 0.0 |
Price To Sales Price To Sales | 3.0 | 3.3 | 1.8 | 1.1 | 0.8 | 0.3 | 0.8 | 1.3 | 1.9 | 2.1 | 1.1 |
Price To Book Price To Book | 2.6 | 3.0 | 3.2 | 2.0 | 1.1 | 0.3 | 0.4 | 0.7 | 0.5 | 0.8 | 0.5 |
| 8.3 | 10.1 | 5.5 | 4.0 | 2.1 | 0.9 | 3.1 | 2.5 | 3.3 | 7.3 | -12.2 |
Profitability Ratios Profitability Ratios |
| 99.9 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| 35.7 | 31.0 | 33.2 | 28.6 | 25.3 | 7.2 | 10.9 | 21.4 | 10.3 | 11.2 | -2.5 |
| 19.9 | 13.0 | 16.5 | 12.7 | 11.2 | -3.3 | 4.5 | 7.9 | 19.7 | 1.1 | -4.6 |
| 18.9 | 16.6 | 36.1 | 32.5 | 24.9 | -1.8 | 4.1 | 6.9 | 6.5 | 1.7 | -2.9 |
| 17.3 | 12.1 | 29.1 | 23.4 | 16.5 | -3.4 | 2.5 | 4.5 | 4.6 | 0.4 | -2.2 |
| 15.8 | 7.4 | 14.4 | 14.6 | 11.4 | -2.7 | 2.1 | 3.9 | 4.5 | 0.3 | -1.9 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Alphageo (India) Limited is the **leading private-sector onshore integrated seismic services provider in India**, with over **three decades of operational experience** and a proven track record of executing **more than 100 projects** across geologically complex terrains in India and internationally. Headquartered in Hyderabad, Telangana, the company is listed on both the **BSE and the National Stock Exchange (NSE)**, underscoring its transparency and credibility in the capital markets.
Alphageo delivers **end-to-end geophysical solutions**, including **2D, 3D, and 3C seismic data acquisition, processing, interpretation, airborne surveys, gravity, and magnetic mapping**, serving key sectors such as **oil & gas, mineral exploration**, and **government geological agencies**.
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### **Core Business & Services**
The company provides a **fully integrated suite of geophysical services**, reducing dependence on any single revenue stream and enhancing resilience:
- **Seismic Data Acquisition**: 2D, 3D, and 3C surveys across onshore terrains.
- **Data Processing & Interpretation**: Advanced analytics for subsurface imaging.
- **Airborne Geophysical Surveys**: Gravity, magnetic, and resistivity mapping for mineral exploration.
- **Geophysical Mapping**: Ground-based and aerial surveys for resource identification.
Its **technical specialization** and **operational agility** enable it to operate effectively in **challenging and remote terrains**, including ecologically sensitive, politically volatile, and climatically harsh environments.
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### **Market Position & Competitive Edge**
As of 2025, Alphageo reinforces its position as **India’s largest private-sector onshore seismic services provider**, distinguished by:
- **Extensive experience in 17+ Indian sedimentary basins** and multi-state operations.
- **Global leadership as one of the lowest-cost seismic service providers**, enhancing competitiveness.
- Demonstrated success in delivering **complex projects on time**, even under adverse conditions (e.g., pandemic disruptions, difficult terrains).
- Deep expertise in **sub-surface exploration** for hydrocarbons and minerals.
The company differentiates itself through **technical excellence, cost efficiency, and operational reliability**, allowing it to maintain strong client trust despite increasing competition from MSMEs entering the sector due to liberalized government policies.
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### **Client Base & Geographic Reach**
Alphageo serves **premier public and private sector clients**, including:
- **ONGC**
- **Oil India Limited**
- **GAIL**
- **Geological Survey of India (GSI)**
- **Mineral Exploration Corporation Limited (MECL)**
- **Petronas Carigali Myanmar Inc.**
The company operates across **20 Indian states** and has an international presence, supported by its **100%-owned Dubai-based subsidiary, Alphageo International Limited**, registered in Jebel Ali Free Zone.
Despite a broad operational footprint, **100% of external revenue is currently generated from Indian clients**, with non-current assets spread across India (₹6,001.74 lakhs as of FY23) and overseas (₹1,163.25 lakhs).
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### **Recent Performance & Project Highlights (FY2023–2025)**
- **FY2024–25**: Delivered **four mineral survey projects**, operating in four Indian states and covering over **57,000 sq. km** cumulatively across its project portfolio.
- Notable execution of 2D/3D seismic surveys in **Vindhyan, Mahanadi, A&AA, Kutch-Rajasthan**, and **Himalayan Foreland basins** for ONGC and Oil India.
- In FY22, acquired **1,194 LKM and 4,561 LKM of 2D seismic data** and **70 sq. km of 3D data**, affirming technical capability in remote and high-difficulty zones.
- Despite revenue volatility in previous years (e.g., 33.96% drop in FY20 due to contract closures), the company maintained profitability via **robust cost management and operational discipline**.
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### **Leadership & Innovation**
- **Mr. Sashank Alla**, with a background in Electrical & Computer Engineering and Business Management from Carnegie Mellon University, has driven digital planning and process innovation since joining in 2017, particularly supporting entry into mineral exploration.
- Emphasis on **rapid deployment, full-field infrastructure readiness**, and **accurate sub-surface interpretation** continues to strengthen client confidence.
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