MarketFriction

Essar Shipping Ltd

NSE ESSARSHPNG · BSE 533704 · Shipping
₹17.18 -9.05%
NSE close2026-10-01
52 week range15.43 - 43.26
Market cap₹347 Cr.
Price band 20% Delivery 48.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales123331483-14320000
Expenses251934715411-11363543
Operating Profit-13-17-32-4-6-8-30-5-3-4-4-3
OPM %-113%-641%-1,248%-175%-4.4%-267%-279%-31,800%-11,175%-9,050%-7,475%
Other Income-3223-16777064486-50-4258
Interest101645292823211618332825
Depreciation1111-0000000000
Profit before tax-37-41-53-35642391327-16-88-36230
Tax %-2%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-36-41-53-35642401327-16-88-36230
EPS in Rs-1.74-2.12-3.11-1.6931.041.920.621.32-0.76-4.26-1.7211.13
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,7202,1941,2081,3091,34447232861201020
Expenses1,4411,8159629771,0844422652887601814
Operating Profit279379246332261306332-67-50-16-14
OPM %16%17%20%25%19%6%19%53%-331%-483%-898%-10,969%
Other Income199-69-1,201-3,430-1,342133191,76475807-1209
Interest5424673873964334893561328110194103
Depreciation4643903042821721741064132111
Profit before tax-528-547-1,646-3,776-1,686-620-811,624-105657-11291
Tax %4%7%0%0%0%0%0%-2%-1%0%0%
Net Profit-550-583-1,685-3,771-1,687-621-781,650-104660-11291
EPS in Rs-26.58-28.19-80.44-182.40-81.24-29.97-3.7979.73-5.7131.89-5.414.39
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-50%-67%-69%-99%
Compounded Profit Growth7%14%%-149%
Stock Price CAGR-5%11%6%-37%
Return on Equity%%%%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital205207207207207207207207207207207207
Reserves6,6753,1262,4281,163-2,117-4,428-5,020-5,121-2,949-3,014-2,587-2,280
Borrowings5,1425,3245,6134,6284,7714,6414,5993,9122,7042,6421,6311,615
Other Liabilities1,4301,5061,2481,6471,7011,9252,2982,1711,0851,0761,048775
Total Liabilities13,45210,1639,4967,6454,5632,3452,0841,1701,047911300317
Fixed Assets9,8146,4495,8355,2533,1491,00388411258262744
CWIP787913778111116000180228
Investments63037042064038000
Other Assets3,4973,6353,4872,3141,3611,3321,1781,0189518859245
Total Assets13,45210,1639,4967,6454,5632,3452,0841,1701,047911300317
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity55934527448715721097140514-46531-130
Cash from Investing Activity37926137196475-22478463111-335340
Cash from Financing Activity-961-374-285-1,188-236-263-86-627-969-71-211-212
Net Cash Flow-23-2218-1522-12-97-6-15-2
Free Cash Flow72137130667719617741551560-47351-177
CFO/OP248%140%75%201%53%88%129%200%1,465%71%-1,081%820%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days587120304320232779337538262
Inventory Days
Days Payable
Cash Conversion Cycle587120304320232779337538262
Working Capital Days-152-52-458-631-835-831-2,899-3,503-14,147-37,890-42,427-168,511
ROCE %0%0%1%0%2%13%-30%-208%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters73.75%73.75%73.75%73.75%73.75%73.75%73.75%73.75%73.75%73.75%73.75%73.75%
FIIs0.00%0.01%0.04%0.01%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.05%
DIIs0.02%0.02%0.02%0.02%0.02%0.03%0.03%0.02%0.02%0.02%0.02%0.02%
Public26.22%26.22%26.19%26.21%26.22%26.21%26.21%26.22%26.22%26.22%26.22%26.17%
No. of Shareholders1,02,7081,08,3311,12,5951,23,9721,35,0761,33,2071,32,5241,31,3051,30,9561,29,7531,28,3071,28,023

Fundamentals

Market Cap₹ 347 Cr.
Current Price₹ 17.0
Book Value₹ -100
ROCE%
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-99%
Compounded Profit Growth (TTM)-149%
Consolidated figures.
Valuation
Market capRs 356 Cr
Enterprise valueRs 1,968 Cr
P/E (TTM)3.91x
Price to book-0.17x
Price to sales2735.27x
EV / EBITDA10.09x
EV / EBIT10.13x
EV / sales15139.35x
Earnings yield25.59%
P/E, 3-year average0.68x
P/B, 3-year average-0.19x
P/E, 5-year average0.39x
P/B, 5-year average-0.13x
Profitability
Operating margin (excl. other income)-897.75%
Operating margin (incl. other income)-967.42%
EBITDA margin149992.31%
Pre-tax margin69992.31%
Net profit margin69992.31%
Net margin, latest quarter576025.00%
ROE5.03%
ROA-36.35%
ROE, 3-year average-5.39%
ROA, 3-year average20.21%
ROE, 5-year average-11.53%
ROA, 5-year average40.94%
Other income / net worth0.06%
Growth
Sales growth (latest year)-82.65%
Profit growth (latest year)-116.98%
Sales CAGR, 3 years-69.16%
Sales CAGR, 5 years-67.24%
Sales growth QoQ0.00%
Sales growth YoY (latest quarter)-97.63%
Profit growth YoY (latest quarter)742.14%
Per share
EPS (TTM)Rs 4.40
EPS (latest year)Rs -5.41
EPS (latest quarter)Rs 11.13
EPS, 3-year averageRs 6.92
EPS, 5-year averageRs 19.34
Book value per shareRs -100.16
Sales per shareRs 0.01
Cash flow per shareRs -6.26
Free cash flow per shareRs -8.55
Efficiency
Asset turnover0.01x
Fixed asset turnover0.04x
Inventory turnover4.59x
Inventory days80 days
Debtor days262 days
Debtors turnover1.39x
Cash conversion cycle262 days
Working capital days-168511 days
Leverage
Total debtRs 1,615 Cr
Cash and bankRs 3 Cr
Net debtRs 1,613 Cr
Debt to equity-0.78x
Net debt / EBITDA8.27x
Interest coverage1.88x
Owners' fund to total sources-653.93%
Debt to assets509.57%
Cash flow
Cash from Operating Activity (latest year)Rs -130 Cr
Cash from Investing Activity (latest year)Rs 340 Cr
Cash from Financing Activity (latest year)Rs -212 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs -177 Cr
FCFE (approx.: FCF + change in debt)Rs -193 Cr
Cash from ops / profit, 5 years0.50x
Statement figures
Net sales (TTM)Rs 0 Cr
Net sales (latest year)Rs 2 Cr
Sales (latest quarter)Rs 0 Cr
Operating profit excl. other income (latest year)Rs -16 Cr
Operating profit (latest quarter)Rs -3 Cr
Other income (TTM)Rs 209 Cr
EBITDA (TTM)Rs 195 Cr
PBDT (TTM)Rs 92 Cr
Profit before tax (TTM)Rs 91 Cr
Net profit (TTM)Rs 91 Cr
Net profit (latest year)Rs -112 Cr
Net profit (latest quarter)Rs 230 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 103 Cr
Cost of goods sold (latest year)Rs 5 Cr
Total expenditure (latest year)Rs 18 Cr
Total income (latest year)Rs 1 Cr
Share capitalRs 207 Cr
ReservesRs -2,280 Cr
Shareholders' fundsRs -2,073 Cr
Total assetsRs 317 Cr
Net blockRs 44 Cr
Capital work in progressRs 228 Cr
ReceivablesRs 1 Cr
InventoryRs 1 Cr
Other liabilitiesRs 775 Cr
Shares outstanding (crore)20.70
Ownership
Promoter holding73.75% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 3.9 is at the 81th percentile of its own 2.2-year range (median 0.7, low 0.1, high 9.5).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodESSARSHPNGNifty 50Difference
1 week+6.2%-2.8% +9.0 pts
1 month+2.1%-6.8% +8.9 pts
3 months-26.8%-7.6% -19.2 pts
6 months-20.8%+0.4% -21.2 pts
1 year-42.1%-9.9% -32.2 pts
2 years-60.0%-13.6% -46.5 pts
3 years+20.6%+14.2% +6.4 pts
5 years+71.8%+27.9% +43.9 pts

Red flags

F-score 2 of 8
seriousNegative equity Shareholders' equity is negative
lookInventory outrunning sales Inventory grew 11% vs sales -83% in 2026
lookAuditor change Auditor change 2026-05-30: Essar Shipping Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹0 Cr -100.0% vs Jun 2025. Net profit ₹230 Cr +751.9%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-23Annual General Meeting
2023-09-21Annual General Meeting
2022-08-29Annual General Meeting
2021-09-21 Annual General Meeting
2020-09-22 Annual General Meeting
2019-12-13 Annual General Meeting
2018-09-17 Annual General Meeting
2017-12-21 Annual General Meeting
2016-08-02 Annual General Meeting
2015-09-15 Annual General Meeting
2014-09-10Annual General Meeting
2013-09-12Annual General Meeting
2012-08-14Annual General Meeting
DateTypeWhat it says
2026-09-30Shareholder meetingProceedings of undefined held on September 30, 2026.
2026-09-23Reply to Clarification- FinaThe Exchange had sought clarification from Essar Shipping Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing...
2026-09-08Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-09-03Clarification - Financial ReThe Exchange has sought clarification from Essar Shipping Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing...
2026-08-31Board meeting outcomeOutcome of Board Meeting held on August 31, 2026.
2026-08-31Record DateRecord date for the purpose of Meeting is 23-Sep-2026.
2026-08-31AppointmentRe-appointment of Mr Suresh as Non- Executive Independent Director of the company w.e.f. September 01, 2026.
2026-08-31RetirementRetirement of Mr. Jayakumar
2026-08-31AppointmentAppointment of Mr as Non- Execut of the company w.e.f. August 31, 2026.
2026-08-22General UpdatesRevised Financial Results due to certain inadvertent clerical errors/ omissions in Excel in the presentation and disclosure of certain items in the Fi...
2026-08-12General UpdatesThe Board of Directors, at their Meeting held today i.e., on Wednesday, August 12, 2026, approved based on the recommendation of the Audit Committee a...
2026-08-12Board meeting outcomeEssar Shipping Limited has submitted to the Exchange, Unaudited Financial Results (Standalone and Consolidated) for the period ended Jun 30, 2026.
2026-07-09Disclosure under SEBI TakeovEssar Shipping Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substa...
2026-07-04General UpdatesThe Board of Directors of Essar Shipping Limited (the Company), at their Meeting held today i.e., on Saturday, July 4, 2026, has approved availing loa...
2026-07-04Board meeting outcomeESSARSHPNG: Essar Shipping Limited has informed that the Board of Directors of Essar Shipping Limited (the Company), at their Meeting held today i.e.,...
2026-06-25Reply to Clarification- FinaThe Exchange had sought clarification from Essar Shipping Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing...
2026-05-30Change in AuditorsChange in Auditors of the company.
2026-05-30Board meeting outcomeEssar Shipping Limited has submitted to the Exchange, the audited financial results (Standalone & Consolidated) for the quarter and year ended March 3...
2026-02-27General UpdatesPartially redeemed 1% Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures, having Face-Value of Rs. 100 Each, Fully-Paid-Up (NCDs/ the ...
2026-02-25General UpdatesSale/Transfer of entire stake in M/s. DrillXplore Services Private Limited.
2026-02-17Board meeting outcomeEssar Shipping Limited has submitted to the Exchange, the Unaudited financial results (Standalone & Consolidated) for the period ended December 31, 20...
2026-02-13General UpdatesGeneral Updates
2026-02-13Board meeting outcomeBoard meeting held on February 13, 2026.
2026-01-30General UpdatesEssar Shipping Limited has made intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 to the ...
2025-12-29General UpdatesClosure of Trading window under Securities Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, for the Quarter Ended December ...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-03-10NCLATEssar Shipping Mauritius Holding Ltd VS L & T Finance Ltd & Anr
2021-01-28NCLATL & T Finance Ltd VS Essar Shipping Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
High low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 150perc in previous 12 months
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03