Essar Shipping
ESSARSHPNG NSE
Essar Shipping
Transport ServicesNSE: ESSARSHPNG BSE: 533704 Shipping
Key Fundamentals
MicrocapShippingTransport ServicesMarket Cap
₹331 Cr
Volatility
Moderate
P/E Ratio
3.72
EBITDA
₹-232 Cr
Return on Equity
-27.59%
Debt to Equity
0
Book Value
₹-100.16
52W High
₹43.26
52W Low
₹15.71
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
5- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -67.2% over past five years.
- Contingent liabilities of Rs.358 Cr.
- Earnings include an other income of Rs.209 Cr.
- Company has high debtors of 262 days.
Growth Rate
Revenue Growth
-99.28% lower than
3Y
Net Income Growth
-117% lower than
3Y
Cash Flow Change
—
ROE
-807% lower than
3Y
ROCE
—
EBITDA Margin (Avg.)
-241%
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11 | 12 | 3 | 3 | 3 | 148 | 3 | -143 | 2 | 0 | 0 | 0 | 0 |
| Expenses | 8 | 25 | 19 | 34 | 7 | 154 | 11 | -113 | 6 | 3 | 5 | 4 | 3 |
| Operating Profit | 3 | -13 | -17 | -32 | -4 | -6 | -8 | -30 | -5 | -3 | -4 | -4 | -3 |
| OPM % | 23% | -113% | -641% | -1248% | -175% | -4.4% | -267% | — | -279% | -31800% | -11175% | -9050% | -7475% |
| Other Income | 46 | -3 | 2 | 23 | -1 | 677 | 70 | 64 | 48 | 6 | -50 | -4 | 258 |
| Interest | 11 | 10 | 16 | 45 | 29 | 28 | 23 | 21 | 16 | 18 | 33 | 28 | 25 |
| Depreciation | 11 | 11 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 26 | -37 | -41 | -53 | -35 | 642 | 39 | 13 | 27 | -16 | -88 | -36 | 230 |
| Tax % | 0% | -2% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | 26 | -36 | -41 | -53 | -35 | 642 | 40 | 13 | 27 | -16 | -88 | -36 | 230 |
| EPS in Rs | 1.26 | -1.74 | -2.12 | -3.11 | -1.69 | 31.04 | 1.92 | 0.62 | 1.32 | -0.76 | -4.26 | -1.72 | 11.13 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,911 | 1,720 | 2,194 | 1,208 | 1,309 | 1,344 | 472 | 328 | 61 | 20 | 10 | 2 | 0 |
| Expenses | 1,684 | 1,441 | 1,815 | 962 | 977 | 1,084 | 442 | 265 | 28 | 87 | 60 | 18 | 14 |
| Operating Profit | 227 | 279 | 379 | 246 | 332 | 261 | 30 | 63 | 32 | -67 | -50 | -16 | -14 |
| OPM % | 12% | 16% | 17% | 20% | 25% | 19% | 6% | 19% | 53% | -331% | -483% | -898% | -10969% |
| Other Income | 243 | 199 | -69 | -1,201 | -3,430 | -1,342 | 13 | 319 | 1,764 | 75 | 807 | -1 | 209 |
| Interest | 477 | 542 | 467 | 387 | 396 | 433 | 489 | 356 | 132 | 81 | 101 | 94 | 103 |
| Depreciation | 424 | 464 | 390 | 304 | 282 | 172 | 174 | 106 | 41 | 32 | 1 | 1 | 1 |
| PBT | -432 | -528 | -547 | -1,646 | -3,776 | -1,686 | -620 | -81 | 1,624 | -105 | 657 | -112 | 91 |
| Tax % | 6% | 4% | 7% | 0% | 0% | 0% | 0% | 0% | -2% | -1% | 0% | 0% | — |
| Net Profit | -459 | -550 | -583 | -1,685 | -3,771 | -1,687 | -621 | -78 | 1,650 | -104 | 660 | -112 | 91 |
| EPS in Rs | -22.36 | -26.58 | -28.19 | -80.44 | -182 | -81.24 | -29.97 | -3.79 | 79.73 | -5.71 | 31.89 | -5.41 | 4.39 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 205 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 |
| Reserves | 6,675 | 3,126 | 2,428 | 1,163 | -2,117 | -4,428 | -5,020 | -5,121 | -2,949 | -3,014 | -2,587 | -2,280 |
| Borrowings | 5,142 | 5,324 | 5,613 | 4,628 | 4,771 | 4,641 | 4,599 | 3,912 | 2,704 | 2,642 | 1,631 | 1,615 |
| Other Liabilities | 1,430 | 1,506 | 1,248 | 1,647 | 1,701 | 1,925 | 2,298 | 2,171 | 1,085 | 1,076 | 1,048 | 775 |
| Total Liabilities | 13,452 | 10,163 | 9,496 | 7,645 | 4,563 | 2,345 | 2,084 | 1,170 | 1,047 | 911 | 300 | 317 |
| Fixed Assets | 9,814 | 6,449 | 5,835 | 5,253 | 3,149 | 1,003 | 884 | 112 | 58 | 26 | 27 | 44 |
| CWIP | 78 | 79 | 137 | 78 | 11 | 11 | 16 | 0 | 0 | 0 | 180 | 228 |
| Investments | 63 | 0 | 37 | 0 | 42 | 0 | 6 | 40 | 38 | 0 | 0 | 0 |
| Other Assets | 3,497 | 3,635 | 3,487 | 2,314 | 1,361 | 1,332 | 1,178 | 1,018 | 951 | 885 | 92 | 45 |
| Total Assets | 13,452 | 10,163 | 9,496 | 7,645 | 4,563 | 2,345 | 2,084 | 1,170 | 1,047 | 911 | 300 | 317 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 559 | 345 | 274 | 487 | 157 | 210 | 97 | 140 | 514 | -46 | 531 | -130 |
| Investing | 379 | 26 | 13 | 719 | 64 | 75 | -22 | 478 | 463 | 111 | -335 | 27 |
| Financing | -961 | -374 | -285 | -1,188 | -236 | -263 | -86 | -627 | -969 | -71 | -211 | -212 |
| Net Cash Flow | -23 | -2 | 2 | 18 | -15 | 22 | -12 | -9 | 7 | -6 | -15 | -315 |
| Free Cash Flow | 721 | 371 | 306 | 677 | 196 | 177 | 41 | 551 | 560 | -47 | 351 | -177 |
| CFO/OP | 248 | 140 | 75 | 201 | 53 | 88 | 129 | 200 | 1,465 | 71 | -1,081 | 820 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 71 | 20 | 30 | 43 | 20 | 23 | 27 | 79 | 337 | 538 | 262 |
| Cash Conversion Cycle | 58 | 71 | 20 | 30 | 43 | 20 | 23 | 27 | 79 | 337 | 538 | 262 |
| Working Capital Days | -152 | -52 | -458 | -631 | -835 | -831 | -2,899 | -3,503 | -14,147 | -37,890 | -42,427 | -1,68,511 |
| ROCE % | 0% | 0% | 1% | 0% | 2% | 13% | -30% | — | — | -208% | — | — |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Essar Shipping insights
56 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Regulation 74(5) certificate submitted for quarter and year ended March 31, 2026. 9 Apr - Regulation 74(5) certificate submitted for quarter and year ended March 31, 2026.
3
Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015.
27 Feb - Partially redeemed 14,442,000 NCDs (Rs1,444.2m) on Feb 26, 2026; Rs1.552bn paid. 27 Feb - Partially redeemed 14,442,000 NCDs (Rs1,444.2m) on Feb 26, 2026; Rs1.552bn paid.
4
Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 (The SEBI Listing Regulations) - Sale/Transfer Of Entire Stake In M/S. Drillxplore Services Private Limited
25 Feb - Sale of entire stake in DrillXplore Services on Feb 25, 2026 for Rs.46,000. 25 Feb - Sale of entire stake in DrillXplore Services on Feb 25, 2026 for Rs.46,000.
5
Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Newspaper publication of Unaudited Financial Results ( Standalone and Consolidated), for the Quarter ended 31st December, 2025. 16 Feb - Newspaper publication of Unaudited Financial Results ( Standalone and Consolidated), for the Quarter ended 31st December, 2025.
Frequently Asked Questions about Essar Shipping
What does Essar Shipping Ltd do?
Incorporated in 2010, Essar Shipping Ltd is in the business of fleet operating and chartering activities and operates in international and coastal voyages[1]
Where is Essar Shipping Ltd (ESSARSHPNG) listed?
Essar Shipping Ltd trades as ESSARSHPNG on the NSE and under code 533704 on the BSE.
Which sector does Essar Shipping Ltd belong to?
Essar Shipping Ltd is classified under the Transport Services sector, in the Shipping industry.
What is the market capitalisation of Essar Shipping Ltd?
Essar Shipping Ltd has a market capitalisation of ₹331.16 Cr, which places it in the Small Cap band.
What is the PE ratio of Essar Shipping Ltd?
Essar Shipping Ltd trades at a PE ratio of 3.72, against a book value of ₹-100.16 per share.
What is the 52-week high and low of Essar Shipping Ltd?
Over the last 52 weeks Essar Shipping Ltd has traded between ₹15.71 and ₹43.26.
What is the Return on Equity (ROE) of Essar Shipping Ltd?
Essar Shipping Ltd reported a return on equity of -27.59%. Its debt-to-equity ratio is 0.00.
Company Information
Incorporated in 2010, Essar Shipping Ltd is in the business of fleet operating and chartering activities and operates in international and coastal voyages[1]
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