Antelopus Selan Energy Limited (ANTELOPUS)
₹1,003.10 -5.42% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Antelopus Selan's revenue was ₹131 Cr (+158.7% year on year, +28.4% on the previous quarter), and net profit ₹54.0 Cr (+381.3% year on year); the operating margin was 70.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹131 | +158.7% | +28.4% |
| Operating profit | ₹92.0 | +242.9% | +58.6% |
| Net profit | ₹54.0 | +381.3% | +42.1% |
| EPS (₹) | 15.45 | +384.3% | +42.7% |
| Operating margin | 70.2% | — | — |
ANTELOPUS delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 41.28% of the ANTELOPUS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 20.03%. The price fell 5.42% on that unusually high delivery, the pattern the delivery dashboard labels distribution. Volume was under a tenth of its average. 14 bulk or block deals were reported in ANTELOPUS in the last 60 days: ₹270 Cr bought and ₹271 Cr sold.
Delivery in the last 5 sessions: 28.7% · 32.8% · 31.1% · 40.4% · 41.3%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 25 Sep | Buy | Hrti Private Limited | ₹56.80 Cr | ₹1,230.59 | 461,575 | Bulk |
| 25 Sep | Sell | Hrti Private Limited | ₹56.73 Cr | ₹1,229.86 | 461,237 | Bulk |
| 25 Sep | Sell | Plutus Wealth Management Llp | ₹47.05 Cr | ₹1,235.88 | 380,730 | Bulk |
| 25 Sep | Buy | Plutus Wealth Management Llp | ₹47.03 Cr | ₹1,235.33 | 380,730 | Bulk |
| 25 Sep | Sell | Microcurves Trading Private Limited | ₹39.47 Cr | ₹1,241.99 | 317,809 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Antelopus Selan Energy Limited has allotted 22,138 equity shares of face value Rs. 10 each following the exercise of options under its Employees Stock Option Scheme - 2022. The allotment was approved by the Nomination and Remuneration Committee via circular resolution on September 16, 2026. The new equity shares will rank pari-passu with existing equity shares. This represents a minor, routine dilution resulting from employee stock options.
- Allotment of 22,138 equity shares approved on September 16, 2026
- Shares issued at a face value of Rs. 10 each
- Issued pursuant to Antelopus Selan Energy Limited Employees Stock Option Scheme – 2022
- Newly allotted shares rank pari-passu with existing equity shares
Antelopus Selan Energy Limited announced that its Nomination and Remuneration Committee has allotted 38,261 equity shares of face value Rs. 10 each on September 15, 2026. The allotment was executed via circulation pursuant to the exercise of options under the Antelopus Selan Energy Limited Employees Stock Option Scheme – 2022. The newly issued shares will rank pari-passu with the existing equity shares of the company in all respects.
- Allotment of 38,261 equity shares via circular resolution on September 15, 2026
- Issued under the Employees Stock Option Scheme – 2022
- Face value of Rs. 10 per equity share
- New shares rank pari-passu with existing equity shares in all respects
Antelopus Selan Energy Limited has published its Annual Report 2025-26 and scheduled its 41st Annual General Meeting for September 30, 2026. The annual report presents the company's first consolidated performance post the completed merger between Antelopus Energy and Selan Exploration. For FY26, the company reported consolidated revenue of ₹278.88 Cr (up 8% YoY), EBITDA of ₹167.49 Cr (up 14% YoY), and PAT of ₹89.61 Cr (up 27% YoY). Hydrocarbon sales exit rate grew 69% YoY from ~1,114 boepd in March 2025 to ~1,879 boepd in March 2026.
- FY26 consolidated revenue stood at ₹278.88 Cr (up 8% YoY) with EBITDA of ₹167.49 Cr (up 14% YoY)
- PAT for FY26 increased 27% YoY to ₹89.61 Cr, with net worth expanding to ₹655.45 Cr
- Production exit run-rate surged 69% to ~1,879 boepd in March 2026 from ~1,114 boepd in March 2025
- 41st Annual General Meeting convened for September 30, 2026 via Video Conferencing
Antelopus Selan Energy has been awarded two onshore contract areas under the Discovered Small Field (DSF) Bid Round-IV by the Directorate General of Hydrocarbons (DGH), Ministry of Petroleum & Natural Gas. The awarded blocks include KG/ONDSF/KG ONLAND/2025 in the Krishna Godavari basin (Andhra Pradesh) and CB/ONDSF/CAMBAY ONLAND/2025 in the Cambay basin (Gujarat). The award is subject to the execution of the formal Revenue Sharing Contracts (RSC) with the Government of India. This win expands the company's acreage and production pipeline in regions where it already maintains established operations.
- Awarded 2 onshore contract areas under Discovered Small Field (DSF) Bid Round-IV
- Acquired block KG/ONDSF/KG ONLAND/2025 in the Krishna Godavari (KG) Basin, Andhra Pradesh
- Acquired block CB/ONDSF/CAMBAY ONLAND/2025 in the Cambay Basin, Gujarat
- Award communicated via DGH letter dated August 31, 2026, subject to Revenue Sharing Contract (RSC) execution
Mr. Manjit Singh has ceased to be a Non-Executive Independent Director of Antelopus Selan Energy Limited effective August 09, 2026, following the completion of his second term. As a result, he has also stepped down from his roles as Chairperson of the Audit Committee and Stakeholder Relationship Committee. The company has reconstituted its board committees, with Ms. Vishruta Kaul appointed as the new Chairperson for both the Audit and Stakeholder Relationship Committees. This transition is a routine governance event mandated by the term limits for independent directors under the Companies Act.
- Cessation of Mr. Manjit Singh effective from the closure of business hours on August 09, 2026
- Completion of a second term as Independent Director (DIN: 07585638)
- Vacated Chairperson positions in the Audit Committee and Stakeholder Relationship Committee
- Reconstitution of 4 board committees including Audit, NRC, SRC, and CSR
- Ms. Vishruta Kaul designated as the new Chairperson of the Audit Committee
Antelopus Selan Energy Limited has formally applied to BSE and NSE for the reclassification of Ms. Payal Upadhyay from the 'Promoter Group' to the 'Public' category. This follows a request received by the company on July 27, 2026, and is being processed under Regulation 31A of SEBI (LODR) Regulations. The company currently maintains a promoter holding of 69.94% as of June 2026. This is a procedural administrative update and does not impact the company's operational or financial performance.
- Application submitted to BSE and NSE on July 31, 2026, for shareholder reclassification.
- Initial request for reclassification received from Ms. Payal Upadhyay on July 27, 2026.
- Current promoter holding stands at 69.94% as per the latest June 2026 filing.
- The process is governed by Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Antelopus Selan Energy reported a robust Q1 FY27 with revenue of ₹133.1 Cr, a 28% increase over Q4 FY26. EBITDA margins expanded to 70%, resulting in an EBITDA of ₹93.2 Cr, up 57% QoQ. While average sales volumes dipped slightly to 1,705 boepd due to a temporary inventory build-up of 6,500 boepd, the company maintained its FY27 production guidance of 2,500 boepd. Operational execution remains strong with 9 out of 10 planned wells already drilled.
- EBITDA grew 57% QoQ to ₹93.2 Cr with margins reaching 70% in Q1 FY27
- Net Profit (PAT) increased 42% QoQ to ₹53.8 Cr, nearly double the previous TTM PAT of ₹23 Cr
- Average sales stood at 1,705 boepd, with a 6,500 boepd inventory build-up due to IOCL custody transfer timing
- Drilling execution is ahead of schedule with 9 of 10 planned FDP wells completed
- Maintained FY27 production guidance of 2,500 boepd, implying a ~46% growth from current levels
The Board of Directors of Antelopus Selan Energy Limited met on July 27, 2026, to approve a request from Ms. Payal Upadhyay for reclassification from the 'Promoter Group' to the 'Public' category. This move is subject to shareholder and stock exchange approvals as per SEBI LODR Regulation 31A. The outgoing individual has confirmed they will not hold more than 10% of the equity or exercise any control over the company. This is a procedural regulatory filing and does not impact the company's operational fundamentals or financial health.
- Board approved the reclassification request from Ms. Payal Upadhyay on July 27, 2026
- Outgoing shareholder is restricted to holding less than 10% of the total equity capital post-reclassification
- Company remains compliant with Minimum Public Shareholding (MPS) requirements under Regulation 38
- Current promoter holding stands at 69.94% as of June 2026
Antelopus Selan Energy reported a massive surge in Q1 FY27 performance, with net revenue growing 159% YoY to ₹131.04 Cr, reflecting the full integration of Antelopus Energy assets. Net profit rose 384% YoY to ₹54.32 Cr, significantly aided by a ₹11.93 Cr reduction in amortization charges following a change in accounting estimates for asset life. However, the company recognized a ₹10 Cr impairment on its 'Ello Field' due to pending regulatory approvals from the DGH. The results confirm a structural shift in the company's scale post-merger, with quarterly revenue now exceeding the previous full-year TTM revenue.
- Net Revenue from operations surged 158.8% YoY to ₹131.04 Cr from ₹50.63 Cr in the year-ago quarter.
- Net Profit increased to ₹54.32 Cr from ₹11.22 Cr, though boosted by accounting changes and offset by impairments.
- Amortization charge was lower by ₹11.93 Cr due to extending the estimated life of Bakrol, Lohar, and Cambay fields by 10 years.
- Recognized a ₹10.00 Cr impairment provision against Capital Work-in-Progress for the 'Ello Field' pending DGH development approval.
- Equity base expanded following the allotment of 1,99,62,358 shares to Antelopus Energy shareholders.
Antelopus Selan Energy Limited has received a formal request from Ms. Payal Upadhyay, a member of the Promoter Group, to be reclassified as a Public Shareholder. The request, dated July 27, 2026, is being processed under Regulation 31A of SEBI (LODR) Regulations. The Board of Directors is scheduled to consider this request in a meeting on the same day. This is a procedural change in the shareholding structure and does not impact the company's operational capacity or financial performance.
- Request for reclassification received from Ms. Payal Upadhyay on July 27, 2026
- Board of Directors meeting scheduled for July 27, 2026, to consider the request
- Current promoter holding in the company stands at 69.94% as of June 2026
- Company maintains a market capitalization of approximately Rs 3,071 Cr
Antelopus Selan Energy Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MCS Share Transfer Agent Limited, confirms that all securities received for dematerialization during the quarter ended June 30, 2026, were processed within the mandated 15-day period. This process includes the cancellation of physical certificates and updating depository records. This is a standard administrative filing with no impact on the company's financial health or operational performance.
- Compliance certificate submitted for the quarter ended June 30, 2026
- Registrar confirmed processing of dematerialization requests within 15 days
- Physical certificates were mutilated and cancelled as per SEBI requirements
- Company maintains a market capitalization of ₹2,829 Cr as of the latest data
Antelopus Selan Energy Limited has informed the exchanges that its trading window for designated persons will be closed from July 01, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of unaudited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are declared. This is a standard administrative procedure and does not reflect any change in the company's business operations or financial health.
- Trading window closure effective from July 01, 2026
- Closure relates to the financial results for the quarter ending June 30, 2026
- Window to reopen 48 hours after the declaration of financial results
- Filing is pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Antelopus Selan Energy Limited has scheduled a series of one-on-one meetings with 10 prominent institutional investors and mutual funds in Mumbai. The meetings, set for June 24th and 25th, 2026, include major players such as SBI Mutual Fund, Kotak Mutual Fund, and Mirae Asset. The company clarified that discussions will be limited to publicly available information with no unpublished price-sensitive information being shared. This high level of institutional engagement suggests growing interest in the company's operational outlook.
- Scheduled one-on-one meetings with 10 major institutional investors and asset management firms.
- Participating funds include SBI Mutual Fund, HSBC Mutual Fund, WhiteOak Capital, and Kotak Mutual Fund.
- The meetings are scheduled to take place in-person in Mumbai on June 24th and 25th, 2026.
- Discussions will strictly pertain to information already available in the public domain as per SEBI regulations.
India Ratings and Research has assigned a new credit rating to Antelopus Selan Energy Limited for its proposed bank loan facilities totaling INR 3,000 million. The agency assigned a long-term rating of 'IND A' with a Stable outlook and a short-term rating of 'IND A1'. This initial rating assignment provides a benchmark for the company's creditworthiness as it looks to leverage its balance sheet. The stable outlook reflects the agency's expectation of steady operational performance following the company's recent rebranding.
- India Ratings and Research assigned a long-term rating of 'IND A' with a Stable outlook.
- A short-term rating of 'IND A1' was assigned for the proposed facilities.
- The total value of the bank loan facilities covered under this rating is INR 3,000 million.
- This is a new rating assignment for the company, formerly known as Selan Exploration Technology Limited.
- The rating facilitates the company's ability to access debt markets and bank funding at competitive rates.
Antelopus Selan Energy Limited, formerly known as Selan Exploration Technology Limited, has announced the availability of its updated Corporate Presentation on its official website. This routine disclosure is intended to provide stakeholders and investors with the latest operational and strategic insights following the company's rebranding. The presentation can be accessed directly through the company's homepage under the dedicated Corporate Presentation section. While the announcement itself contains no financial data, it reflects the company's commitment to regular investor communication.
- Company rebranded from Selan Exploration Technology Limited to Antelopus Selan Energy Limited.
- Updated Corporate Presentation uploaded to the official website on May 22, 2026.
- The document is accessible to all stakeholders via the 'Corporate Presentation' section on the homepage.
- The disclosure serves as a routine update for transparency and investor relations.
Financial Performance
Revenue Growth by Segment
Net Revenue from Operations for Q2 FY26 was INR 55.13 Cr, representing an 8.89% growth compared to Q1 FY26 (INR 50.63 Cr), but a 20.01% decline compared to Q2 FY25 (INR 68.92 Cr) due to lower average sales volumes of 1107 boepd vs 1252 boepd.
Geographic Revenue Split
Not explicitly disclosed by percentage, but operations are concentrated in India with crude oil sales to Indian Oil Corporation Limited and gas operations involving Assam Gas Company Limited (AGCL).
Profitability Margins
Net Profit Ratio increased in FY25 due to higher PAT and net sales. For Q2 FY26, the Net Profit Margin was 21.42% (INR 11.81 Cr profit on INR 55.13 Cr net revenue), compared to 29.22% in Q2 FY25.
EBITDA Margin
EBITDA margin for Q2 FY26 was 57.59% (INR 31.75 Cr), slightly lower than the 58.20% (INR 40.11 Cr) recorded in Q2 FY25. The company maintains high core profitability despite volume fluctuations.
Capital Expenditure
Capital Work-in-Progress (CWIP) was INR 158.43 Cr as of September 30, 2025, with Oil and Gas assets valued at INR 282.18 Cr, reflecting significant investment in infrastructure to extend field life.
Credit Rating & Borrowing
The company has no outstanding debt as of March 31, 2025, resulting in a Debt-Equity Ratio of 0.00. Interest rate sensitivity is minimal, primarily related to lease liabilities of INR 3.79 Cr.
Operational Drivers
Raw Materials
The primary 'cost of production' inputs are Royalty and Cess, which accounted for INR 10.38 Cr (18.83% of net revenue) in Q2 FY26, and Operating Expenses of INR 4.58 Cr (8.31% of net revenue).
Import Sources
Not applicable as an extraction company; however, the company recruits skilled professionals and industry leaders on consulting assignments to address organizational gaps.
Key Suppliers
Not applicable for raw materials; however, the company utilizes Assam Gas Company Limited (AGCL) for gas-related infrastructure/processing and sells crude to Indian Oil Corporation Limited.
Capacity Expansion
Current production capacity is reflected in average sales of 1107 boepd in Q2 FY26. Planned expansion is supported by INR 158.43 Cr in CWIP focused on extending the life of old fields and developing small fields.
Raw Material Costs
Royalty and Cess costs were INR 10.38 Cr in Q2 FY26, a 25.48% decrease from INR 13.93 Cr in Q2 FY25, directly correlating with lower production volumes and revenue.
Manufacturing Efficiency
Average sales increased 4.14% QoQ from 1063 boepd in Q1 FY26 to 1107 boepd in Q2 FY26, indicating successful efforts to curb annual decline rates.
Logistics & Distribution
Handling and processing charges were INR 0.91 Cr in Q2 FY26, representing 1.65% of net revenue, down from INR 1.04 Cr in Q2 FY25.
Strategic Growth
Growth Strategy
Growth is targeted through boosting output from existing fields, curbing decline rates, re-negotiating gas prices, and leveraging the Lead Joint Operator status for new work programmes.
Products & Services
Crude Oil (sold to Indian Oil Corporation Limited) and Natural Gas.
Brand Portfolio
Antelopus, Selan Exploration Technology.
Market Expansion
Focus on extending production of old fields and developing small fields which require access to existing infrastructure.
Strategic Alliances
The company acts as Lead Joint Operator for specific work programmes and maintains a relationship with Indian Oil Corporation Limited for crude sales.
External Factors
Industry Trends
The industry is characterized by high investment, high risk, and long gestation periods. Trends show a focus on enhancing existing reserves and infrastructure to maintain economic viability.
Competitive Landscape
Operates in a high-entry-barrier sector requiring significant capital and technical expertise; competes for resources and infrastructure access.
Competitive Moat
Competitive advantage lies in the technical expertise required to extend the life of mature fields and the 'social license' maintained through community partnerships, which are difficult for new entrants to replicate.
Macro Economic Sensitivity
Highly sensitive to global crude oil and gas prices, which are influenced by macro-economic indicators and geo-political situations.
Geopolitical Risks
Geo-political situations prevailing across the world are cited as a primary driver of volatile commodity prices affecting the company's top line.
Regulatory & Governance
Industry Regulations
Operations are governed by the Companies Act 2013 and SEBI Listing Regulations; royalty and cess are paid to the government as per statutory requirements.
Environmental Compliance
Environmental Impact Assessments are conducted periodically and must be approved by authorities before any project execution.
Taxation Policy Impact
Provision for current tax was INR 1.55 Cr in Q2 FY26 on a PBT of INR 15.77 Cr. Deferred tax liabilities (net) stand at INR 75.71 Cr.
Legal Contingencies
The company has disclosed the impact of pending litigations as of March 31, 2025, in Note 40(B) of the financial statements; no material foreseeable losses on long-term contracts were reported.
Risk Analysis
Key Uncertainties
Resource Risk: Failure to discover new reserves or enhance existing ones could negatively affect prospects. Geological and technical uncertainties are inherent in reserve estimation.
Geographic Concentration Risk
Operations are localized, making the company dependent on support and healthy relationships with specific local communities to maintain its social license to operate.
Third Party Dependencies
Dependency on Indian Oil Corporation Limited for crude oil sales and on government authorities for project approvals and environmental clearances.
Technology Obsolescence Risk
Risk that geological and economic assumptions used for reserve estimation may change significantly as new information becomes available.
Credit & Counterparty Risk
Trade Receivables Turnover Ratio improved 19.40% to 7.40 in FY25, indicating healthy collections; trade receivables stood at INR 34.40 Cr as of Sept 2025.
