Essar Shipping Ltd
NSE: ESSARSHPNG · Shipping · sector
₹14.71NSE close 2026-10-26
Key numbers
Market cap₹304 cr
Price₹14.71
52w high / low₹43 / ₹15
P/E3.6xSector median 9.9x
P/B–Sector median 1.5x
Book value₹-100.2
Dividend yield–Sector median 1.38%
ROE–Sector median 9.5%
ROCE–Sector median 9.7%
OPM2,40,183.0%Sector median 38.7%
Debt / equity–Sector median 0.31x
EV/EBITDA8.8xSector median 9.3x
Interest cover3.5x
Current ratio0.05x
Sales growth 3y-69.2%Sector median -0.9%
Profit growth 3y–Sector median +15.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 10 companies in Shipping (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹3 cr vs borrowings ₹1,615 cr (FY26): borrowings are higher by ₹1,613 cr.
- Borrowings fell in each of the last 3 years (₹2,704 cr → ₹1,615 cr).
- Operating profit covered interest 3.5x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY23).
- Net loss in 3 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 18% of net profit in the last 12 months.
- Debtor days went from 337 (FY24) to 262 (FY26).
- No dividend in the last 5 financial years.
- Price ₹14.71 on 2026-10-26: -66.0% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹43.51 · low ₹14.71
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 148 | 3 | -143 | 2 | 0 | 0 | 0 | 0 |
| EBITDA | 567 | -7 | -25 | -5 | 2 | -1 | -40 | 255 |
| OPM % | 383.8% | -228.3% | 17.5% | -279.9% | 23,200.0% | – | -98,775.0% | 6,37,575.0% |
| Other income | 100 | 69 | 59 | 48 | 0 | 0 | 32 | 0 |
| Net profit | 643 | 40 | 13 | 27 | -16 | -1 | -36 | 231 |
| EPS (₹) | 34.32 | 1.92 | 0.98 | 1.32 | -1.02 | -4.26 | -1.74 | 11.13 |
| Revenue YoY | -100.0% | -100.0% | – | -97.6% | ||||
| Profit YoY | -102.4% | -102.1% | -378.5% | +742.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 328 | 61 | 20 | 10 | 2 | 0 |
| EBITDA | 157 | 1,693 | -54 | 521 | -113 | 217 |
| Net profit | -78 | 1,650 | -119 | 660 | -112 | 178 |
| EPS (₹) | -12.07 | 79.39 | -10.71 | 36.26 | -6.12 | 4.11 |
| Revenue growth | -81.5% | -66.6% | -49.3% | -82.7% | -99.0% | |
| Profit growth | – | -107.2% | – | -117.0% | -75.3% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -69.2% | -67.3% | -99.0% |
| Net profit | – | – | -75.3% |
| EPS | – | – | – |
| Share price | – | -35.0% (2y) | -48.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | -2,742 | -2,807 | -2,380 | -2,073 |
| Borrowings | – | 2,704 | 2,642 | 1,631 | 1,615 |
| Cash & equivalents | – | 27 | 24 | 6 | 3 |
| Total assets | – | 1,047 | 911 | 300 | 317 |
| Fixed assets | – | 58 | 26 | 27 | 44 |
| Capital work in progress | – | 0 | 0 | 180 | 228 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 13 | 19 | 15 | 1 |
| Inventory | – | 3 | 0 | 1 | 1 |
| Payables | – | 45 | 26 | 30 | 24 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 140 | 514 | -46 | 531 | -129 |
| Cash from investing | 493 | 90 | 57 | 268 | 27 |
| Cash from financing | -627 | -969 | -71 | -211 | -212 |
| Capex | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | 140 | 514 | -46 | 531 | -129 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -60.2% | 4.2% | -27.7% | 5.4% |
| ROCE % | – | -4,601.1% | 14.4% | -101.2% | 3.9% |
| Debtor days | – | 79 | 337 | 538 | 262 |
| Inventory days | – | 16 | 0 | 35 | 226 |
| Payable days | – | 268 | 465 | 1,072 | 4,940 |
| Cash conversion cycle (days) | – | -173 | -128 | -499 | -4,452 |
| Working capital days | – | -13,984 | -37,458 | -43,061 | -1,67,904 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 73.75% |
| FIIs | 0.13% |
| DIIs | 0.02% |
| of which Mutual funds | 0.01% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 26.10% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% | 73.75% |
| Promoter group | % |
|---|---|
| Essar Shipping Mauritius Holdings Limited | 70.43% |
| Imperial Consultants and Securities Private Limited | 3.32% |
| Essar Investment Holdings Mauritius Limited | 0.00% |
1,28,307 shareholders. Pledged: 0.00% of promoter shares.
Peers in Shipping
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| GESHIP | ₹21,878 cr | 5.8x | 1.3x | 24.0% | 22.0% | 61.9% | -1.7% | 1.88% |
| SHREEJISPG | ₹13,221 cr | 81.4x | 17.2x | 20.8% | 21.5% | 28.4% | – | 0.12% |
| SCI | ₹11,501 cr | 7.1x | 1.3x | 18.6% | 16.4% | 40.9% | -0.1% | 5.29% |
| SEAMECLTD | ₹4,006 cr | 15.6x | 3.1x | 22.2% | 18.5% | 41.1% | +29.6% | – |
| TRANSWORLD | ₹373 cr | – | 0.6x | -4.7% | -0.7% | -5.3% | +4.3% | 0.88% |
| ESSARSHPNG | ₹304 cr | 3.6x | – | – | – | 2,40,183.0% | -69.2% | – |
| GARWAOFFS | ₹108 cr | 9.9x | 0.9x | -8.5% | -2.1% | 36.5% | +6.5% | – |
| CHOWGULSTM | ₹76 cr | 39.1x | 1.7x | 0.5% | 3.0% | -34.1% | – | – |
| DATIWARE | ₹18 cr | 58.5x | – | – | – | 43.7% | -24.7% | – |
| SHAHISHIP | ₹15 cr | 6.5x | 31.1x | -162.5% | -20.4% | -23.3% | -16.0% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-23 | Other | Annual General Meeting |
| 2023-09-21 | Other | Annual General Meeting |
| 2022-08-29 | Other | Annual General Meeting |
| 2021-09-21 | Other | Annual General Meeting |
| 2020-09-22 | Other | Annual General Meeting |
| 2019-12-13 | Other | Annual General Meeting |
| 2018-09-17 | Other | Annual General Meeting |
| 2017-12-21 | Other | Annual General Meeting |
| 2016-08-02 | Other | Annual General Meeting |
| 2015-09-15 | Other | Annual General Meeting |
| 2014-09-10 | Other | Annual General Meeting |
| 2013-09-12 | Other | Annual General Meeting |
| 2012-08-14 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Services |
| Industry | Shipping |
| Sub-industry | Shipping |
| Symbol | ESSARSHPNG |
| BSE code | 533704 |
| ISIN | INE122M01019 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.