Essex Marine Ltd
Incorporated in 2009, Essex Marine Limited is a seafood processing and exporting company.[1]
- Market Cap ₹ 68.7 Cr.
- Current Price ₹ 45.0
- High / Low ₹ 49.3 / 18.2
- Stock P/E 10.8
- Book Value ₹ 26.2
- Dividend Yield 0.00 %
- ROCE 20.2 %
- ROE 22.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 83.0% CAGR over last 5 years
- Debtor days have improved from 53.8 to 36.4 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.4.02 Cr.
- Working capital days have increased from 86.1 days to 132 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Seafood
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 23.73 | 59.80 | 21.90 | 19.15 | 37.22 | 60.69 | |
| 20.36 | 56.93 | 17.55 | 16.11 | 30.69 | 53.43 | |
| Operating Profit | 3.37 | 2.87 | 4.35 | 3.04 | 6.53 | 7.26 |
| OPM % | 14.20% | 4.80% | 19.86% | 15.87% | 17.54% | 11.96% |
| 2.55 | 3.22 | 1.70 | 1.96 | 2.79 | 4.02 | |
| Interest | 3.01 | 2.79 | 2.60 | 1.79 | 2.47 | 1.92 |
| Depreciation | 2.48 | 0.58 | 0.59 | 0.55 | 0.67 | 0.70 |
| Profit before tax | 0.43 | 2.72 | 2.86 | 2.66 | 6.18 | 8.66 |
| Tax % | 25.58% | 36.40% | 29.02% | 13.91% | 35.28% | 26.33% |
| 0.31 | 1.73 | 2.03 | 2.29 | 4.00 | 6.37 | |
| EPS in Rs | 0.56 | 3.15 | 3.69 | 4.16 | 3.64 | 4.17 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 40% |
| TTM: | 63% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 83% |
| 3 Years: | 46% |
| TTM: | 59% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 24% |
| Last Year: | 23% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5.50 | 5.50 | 5.50 | 5.50 | 11.00 | 15.26 |
| Reserves | 1.94 | 3.66 | 5.69 | 6.22 | 4.72 | 24.79 |
| 28.53 | 26.52 | 19.34 | 16.08 | 27.02 | 22.01 | |
| 7.62 | 8.20 | 10.45 | 3.42 | 3.43 | 3.07 | |
| Total Liabilities | 43.59 | 43.88 | 40.98 | 31.22 | 46.17 | 65.13 |
| 20.71 | 20.42 | 20.12 | 17.19 | 20.15 | 19.95 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.54 |
| Investments | 0.00 | 0.07 | 0.07 | 0.07 | 0.33 | 0.24 |
| 22.88 | 23.39 | 20.79 | 13.96 | 25.69 | 40.40 | |
| Total Assets | 43.59 | 43.88 | 40.98 | 31.22 | 46.17 | 65.13 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 6.39 | 7.78 | 5.03 | -4.88 | -2.86 | ||
| -0.10 | -0.11 | -0.56 | -0.59 | -4.84 | ||
| -4.74 | -9.75 | -5.05 | 5.42 | 11.03 | ||
| Net Cash Flow | 1.55 | -2.07 | -0.58 | -0.05 | 3.34 | |
| Free Cash Flow | 6.09 | 7.49 | 4.37 | -5.43 | -7.89 | |
| CFO/OP | 229% | 189% | 174% | -64% | -5% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 183.19 | 90.21 | 202.17 | 0.00 | 71.20 | 36.45 |
| Inventory Days | 0.00 | 25.00 | 222.93 | 394.09 | 190.57 | 167.25 |
| Days Payable | 50.56 | 229.63 | 27.21 | 2.86 | 2.44 | |
| Cash Conversion Cycle | 183.19 | 64.65 | 195.47 | 366.88 | 258.91 | 201.26 |
| Working Capital Days | 117.82 | -11.72 | 16.17 | 20.01 | 106.20 | 132.19 |
| ROCE % | 15.38% | 16.49% | 15.26% | 24.53% | 20.19% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | |
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| Capacity Utilization Rate % |
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| Cold Storage Capacity MT |
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| Revenue Contribution - Export Sales % |
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| Revenue Contribution - Job Work Charges % |
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| Total Headcount Number |
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| Total Installed Processing Capacity (Shrimp and Fish) MT per annum |
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| Utilized Capacity MT |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
15 May - FY26 revenue rose 61.72% to Rs 6,470.90 lakh; peeling capacity doubled to 21.6 TPD.
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Utilization Proceeds
15 May - Audited FY26 results approved; PAT ₹637.34 lakh, unmodified audit, and two auditor appointments.
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Results For The Half And Financial Year Ended March 31, 2026
15 May - Board approved FY26 audited standalone results; PAT Rs 637.34 lakh, unmodified audit opinion, two auditor appointments.
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Board Meeting Outcome for Results For The Half And Financial Year Ended March 31, 2026.
15 May - FY26 audited results approved; PAT Rs 637.34 lakh, IPO funds Rs 23.01 crore fully utilized, auditors appointed.
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Board Meeting Intimation for Intimation For Board Meeting For The Financial Results For The Half And Year Ended March 31, 2026.
9 May - Board meets May 15, 2026 to approve audited H2/FY26 results; trading window closed till May 17.
Business Profile[1]
Essex Marine Limited is a Kolkata-based seafood exporter and processor. The company has over 16 years of experience in processing and exporting frozen marine fish, marine shrimp, and aquaculture Vannamei shrimp under the “Essex” brand. It operates on a B2B model, serving clients in China, Europe, and Israel, and also undertakes job work for merchant exporters.