Antelopus Selan Energy shares surged 32% in three sessions to reach a record high of ₹1,035.95 on Thursday, September 3, marking a 190% increase from its 52-week low of ₹357 hit in January 2026. The stock has demonstrated exceptional momentum with 31% gains in one week, 23% in one month, 18% in three months, and over 90% in the past six months. The rally was triggered by the company receiving government approval for two onshore contract areas under the Discovered Small Field Bid Round-IV, with the stock touching a year's low of ₹357 per unit on January 13, 2026. The stock was trading 18.37% higher at ₹938.25 at 2:13 PM on Wednesday, September 2, with the shares gaining 18% in the past week and 14% over the month.
The Government of India approved the award of two contract areas under the Discovered Small Field Bid Round-IV to Antelopus Selan Energy. As reported by The Economic Times, the award was communicated by the Directorate General of Hydrocarbons (DGH), under the Ministry of Petroleum and Natural Gas, through a letter dated August 31, 2026. The KG/ONDSF/KG ONLAND/2025 contract area is located in the Krishna Godavari (KG) basin in Andhra Pradesh, while the CB/ONDSF/CAMBAY ONLAND/2025 contract area is situated onshore within the Cambay Basin in Gujarat. According to the company's exchange filing, the bid work programme, commercial terms, area, map and coordinates submitted by the company will form part of the respective RSCs, and the award is subject to the execution of the Revenue Sharing Contract between the President of India and the company.
According to the company's exchange filing, the two awards will strengthen its presence in Gujarat and Andhra Pradesh, where it already has an established operating presence. The company stated that the blocks are high-quality assets that add significant acreage to its portfolio and are expected to meaningfully support its continued growth trajectory. The acquisition of onshore blocks in Gujarat and Andhra Pradesh expands the company's resource base and supports multi-year revenue visibility, with geographical diversification into the KG basin alongside the Cambay basin creating potential operational synergies and allowing integration with regional pipeline infrastructure.
In July 2026, Antelopus Selan Energy reported stellar standalone results for Q1 FY27, with net profit rising to ₹54.32 crore and revenue reaching ₹133.13 crore, driven by strong commodity realizations. The company's standalone net profit for Q1 FY27 stood at ₹54.32 crore, exhibiting a massive 384.14% year-on-year increase compared to ₹11.22 crore in the corresponding period last year. The company's revenue from operations advanced 157.26% YoY to ₹133.13 crore during the quarter under review, compared to ₹51.75 crore in Q1 FY26. The company's EBITDA margin reached approximately 70% in Q1 FY27, up from 56% in Q1 FY26, supported by favorable crude prices and a revised amortization policy. Additionally, the company obtained an 'IND A / Stable' credit rating from India Ratings in June 2026 and the Commissioner (Appeals) allowed a refund claim of ₹6.56 crore for excess cess paid in FY21–FY23.
As of September 3, 2026, Antelopus Selan Energy has a total market capitalisation of ₹3,291.20 crore according to data on the NSE. The latest development comes as the company expands its onshore exploration and production portfolio, providing a fresh trigger after its strong market performance. The company operates as a zero-debt company and remains financially agile to aggressively execute its intensive drilling and workover campaigns. The bid win positions the company favorably to meet its medium-term production target of 2,500 boepd in FY27 as its newly won assets transition toward development. The company's recent high EBITDA margins of approximately 70% and robust cash flows provide strong multi-year revenue visibility, with the DSF-IV framework offering monetization of discovered small fields with existing sub-surface data, dramatically reducing geological risk and capital intensive exploration cycles.
