ASAP Fluids Private Limited: Government Tender Performance Analysis

Executive Summary

ASAP Fluids Private Limited is actively participating in the Indian government procurement sector, primarily within the Ministry of Petroleum and Natural Gas. A comprehensive TenderAI analysis reveals key performance indicators that provide insights into their tender success and growth potential. Between FY2022-23 and FY2024-25, ASAP Fluids submitted 12 bids, achieving a 16.7% overall win rate. Notably, their win rate jumped to 50.0% in FY 2024-25. The company's qualification rate stands at 66.7%, indicating a strong ability to meet technical compliance requirements. ASAP Fluid's financial health, assessed by TenderAI, is rated as 'Satisfactory' with a score of 57.5/100, driven by strong growth and contract value components.

The company has demonstrated its capability in handling high-value government contracts, with participation in 4 major procurement projects. Their successful bids in Oil India Limited and Gail India Limited tenders underscore their sector-specific expertise. ASAP Fluids faces strong competition from firms like NAITHANI OIL & GAS SERVICES PRIVATE LIMITED and PETROPATH FLUIDS (INDIA) LIMITED, requiring strategic adjustments to improve their competitive positioning. Their recent financial performance in FY 2024-25 has shown a growth with a contract value of ₹79.57 crore. The company's tender history includes significant engagement with NA, Oil India Limited, Gail India Limited, where they have demonstrated specific procurement expertise.

Financial Performance Analysis

ASAP Fluids' financial performance in government tenders demonstrates a positive growth trajectory over recent years. Here's a breakdown of their yearly performance: