In FY23, the company experienced significant growth in revenue, witnessing a 21% increase year-over-year (y-o-y), reaching ₹239 Cr in operational revenue. Additionally, the bottom line saw an impressive surge of 151% y-o-y, reaching a record high of ₹25 Cr.
An overview of the business indicates a rising Return on Equity (ROE) in FY23, attributed to gains in both bottom and top lines. However, the nature of the business is heavy, characterized by low Asset turnover (averaging 20%) and high leverage (with average asset-to-equity ratio exceeding 150%)
The company holds a notable presence in upstream, midstream, and downstream gas exploration and drilling services. It has a 100% participation in the Raniganj (South) block, West Bengal, with an estimated Original-Gas-in-Place of 10.62 TCF and 156 wells drilled, as well as in the Mannargudi block, Tamil Nadu.
Pankaj Ramanbhai Patel is the Chairman of Zydus Lifesciences Limited and Zydus Foundation, which has set up Zydus Hospital and Medical College, Dahod. He has been conferred with DSC. (Honoris Causa) by Dr. A.P.J. Abdul Kalam Technical University, Lucknow.
S. Sundareshan joined the Indian Administrative Services in 1976. He served as Secretary in the Ministry of Petroleum and Natural Gas, and the Ministry of Heavy Industries and Public Enterprises. He was a board member of ONGC, GAIL India Ltd., Indian Oil Corporation Ltd., and was the Chairman of Petronet LNG Ltd.
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Min. Investment: ₹