Prabha Energy Ltd(PRABHA)

NSE: PRABHABSE: 544379

₹ 178.95-3.69%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 2,623 crWebsite: www.prabhaenergy.comUpdated: 24 Oct 2026

About

Prabha Energy Limited is an Indian oil and gas exploration and production company focused on Coal Bed Methane (CBM) and marginal gas field development. Its portfolio spans two CBM blocks in Jharkhand with 31 BCM gas-in-place, three marginal gas fields in Rajasthan, and three NELP blocks. The company operates as a single E&P segment and reported revenue of Rs 6.11 Cr in FY26.^[1][2]

Business segments

Prabha Energy operates entirely within a single segment: oil and gas exploration and production; all other activities are incidental to it with no separate reportable segments under Ind AS 108.^[3]

Portfolio and assets

Two CBM blocks in Jharkhand (North Karanpura and Jharia) with combined Gas Initial in Place of 31 BCM.^[1]
Three marginal gas fields in Rajasthan with Gas Initial in Place of 1.42 BCM.^[1]
Three blocks awarded under NELP in Chhattisgarh, Madhya Pradesh and Gujarat with estimated resources of 310 MMboe.^[4]
North Karanpura CBM block (NK-CBM-2001/1) is held under a tri-party agreement with ONGC and IOC; participating interests are 55% (ONGC), 25% (PEL) and 20% (IOC).^[3]

Key operating numbers

North Karanpura block: 68 of 74 planned wells drilled as of 2026; commercial production commenced May 2025.^[1]
Jharia block: 8 of 55 planned wells drilled as of 2026 under a phased drilling programme; commercial production targeted Q4 FY27.^[1]
CBM gas production is characterised by management as carrying approximately 70% EBITDA margin over the block life.^[1]

Pipeline and market connectivity

NK block is connected to the Urja Ganga / National Gas Grid via a ~68 km pipeline constructed by IOCL.^[1]
Jharia block is connected to the National Gas Grid via an ~8 km pipeline laid by PEL.^[1]
Both NK and Jharia blocks operate under a free, market-driven gas pricing mechanism, not administered pricing.^[1]

Expansion and capex

Jharia block's remaining 47 wells (of 55 planned) are to be funded through internal cash flows and debt via a staggered capex strategy, with commercial production targeted Q4 FY27.^[1]
NK block Phase-II option exists to drill up to 50 additional wells at lower incremental capex, leveraging existing NK infrastructure and execution experience.^[1]
Capital commitments remaining to be executed on capital account (net of advances) stood at Rs 1,521.51 Lakhs as of FY25.^[3]

Recent developments

North Karanpura block commenced commercial CBM gas production in May 2025, advancing within its budgeted capex envelope.^[1]
Deep Energy Resources Limited and Savla Oil & Gas Private Limited merged with Prabha Energy to create a single publicly listed E&P entity, simplifying group structure and giving public shareholders direct access to CBM assets.^[4]
Gearing ratio rose from 14% in FY24 to 22% in FY25 as net debt increased from Rs 7,380.19 Lakhs to Rs 12,035.39 Lakhs, primarily from borrowings from Deep Industries Limited.^[3]

Industry context

India's natural gas demand is projected to rise from ~188 MMSCMD to 297 - 365 MMSCMD by 2030; the central government has set a CBM production target of 5.0 MMSCMD by 2027 - 28.^[1]

Market Cap

₹2,623 Cr

High / Low

₹262 / 137

Stock P/E

2982.5

Price / Book

7.7

Book Value

₹23

EPS

₹0.0

No. of Shares

18.58 Cr

ROCE

0.1%

ROE

0.1%

OPM

7.8%

Debt / Equity

0.38

Sales

₹6 Cr

Net Profit

₹1 Cr

Promoter holding

74.9%

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