Essar Shipping Ltd

₹ 31.4 10.00%

18 Apr - close price

About

Incorporated in 2010, Essar Shipping Ltd is in the business of fleet operating and chartering activities and operates in international and coastal voyages^[1]

Key Points

Business Overview:^[1]
Company is an integrated logistics services provider engaged in the businesses of sea transportation, logistics services, and oilfields services. It does fleet operating and chartering activities and operates international and coastal voyages.

Website BSE NSE

Market Cap ₹ 649 Cr.
Current Price ₹ 31.4
High / Low ₹ 39.0 / 8.10
Stock P/E 41.6
Book Value ₹ -75.4
Dividend Yield 0.00 %
ROCE %
ROE %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

The company has delivered a poor sales growth of -65.1% over past five years.
Contingent liabilities of Rs.1,323 Cr.
Earnings include an other income of Rs.469 Cr.
Company has high debtors of 150 days.
Working capital days have increased from 8,474 days to 29,186 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

Sector: Shipping Industry: Shipping

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	22.87	33.88	77.65	65.89	79.00	16.83	0.67	1.29	-0.02	1.39	2.06	4.55	4.58
	38.23	35.10	43.93	36.98	14.32	5.96	3.81	5.61	1.64	5.45	3.55	4.48	6.84
Operating Profit	-15.36	-1.22	33.72	28.91	64.68	10.87	-3.14	-4.32	-1.66	-4.06	-1.49	0.07	-2.26
OPM %	-67.16%	-3.60%	43.43%	43.88%	81.87%	64.59%	-468.66%	-334.88%		-292.09%	-72.33%	1.54%	-49.34%
	1.12	7.65	-464.25	7.56	27.29	266.98	0.36	18.26	1,333.81	421.88	44.64	2.63	-0.35
Interest	46.29	47.50	49.46	44.99	44.27	41.50	44.50	42.92	5.90	1.33	2.57	0.45	6.26
Depreciation	27.63	29.37	32.39	9.19	3.68	0.00	0.00	0.00	0.04	0.18	0.18	0.18	0.19
Profit before tax	-88.16	-70.44	-512.38	-17.71	44.02	236.35	-47.28	-28.98	1,326.21	416.31	40.40	2.07	-9.06
Tax %	-0.06%	-0.23%	-0.03%	-0.56%	0.00%	0.00%	0.00%	57.66%	-0.67%	-0.21%	0.00%	-40.10%	0.00%
	-88.21	-70.60	-512.54	-17.81	44.02	236.35	-47.28	-12.27	1,335.08	417.19	40.40	2.90	-9.06
EPS in Rs	-4.26	-3.41	-24.76	-0.86	2.13	11.42	-2.28	-0.59	64.50	20.16	1.95	0.14	-0.44
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	1,245	1,488	874	791	729	658	643	492	538	166	140	3	13
	804	1,150	723	647	523	439	488	418	404	149	101	17	20
Operating Profit	441	338	150	144	205	219	155	74	135	17	39	-13	-8
OPM %	35%	23%	17%	18%	28%	33%	24%	15%	25%	10%	28%	-396%	-62%
	60	18	138	208	97	133	284	-1,357	-2,767	11	-63	1,774	469
Interest	267	307	323	286	343	353	265	206	210	212	180	95	11
Depreciation	136	139	186	144	154	137	125	103	110	113	45	0	1
Profit before tax	97	-90	-220	-78	-194	-138	49	-1,592	-2,952	-297	-250	1,666	450
Tax %	2%	-4%	-4%	-6%	-2%	-2%	7%	-0%	-0%	-0%	-0%	-2%
	96	-93	-229	-83	-198	-141	46	-1,593	-2,953	-298	-250	1,693	451
EPS in Rs	4.67	-4.54	-11.17	-4.04	-9.55	-6.79	2.23	-76.99	-142.69	-14.39	-12.08	81.78	21.81
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-46%
5 Years:	-65%
3 Years:	-82%
TTM:	-33%

Compounded Profit Growth
10 Years:	0%
5 Years:	12%
3 Years:	20%
TTM:	198%

Stock Price CAGR
10 Years:	7%
5 Years:	16%
3 Years:	59%
1 Year:	271%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	205	205	205	205	207	207	207	207	207	207	207	207	207
Reserves	5,006	4,943	4,684	4,600	1,659	1,515	1,584	-8	-2,956	-3,254	-3,503	-1,810	-1,767
	3,613	3,572	3,775	3,645	3,837	3,856	3,089	3,203	3,443	3,303	2,512	1,936	1,876
	241	361	384	549	735	718	1,088	1,094	893	1,221	1,186	49	22
Total Liabilities	9,064	9,081	9,048	8,999	6,438	6,297	5,968	4,497	1,587	1,477	401	382	338
	1,867	1,746	1,606	1,500	1,295	1,176	914	842	742	688	0	4	3
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	6,324	6,449	6,363	6,361	4,454	4,371	4,417	3,017	253	259	37	37	0
	873	887	1,078	1,137	689	750	636	637	592	531	364	340	334
Total Assets	9,064	9,081	9,048	8,999	6,438	6,297	5,968	4,497	1,587	1,477	401	382	338

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	441	400	258	204	229	207	111	130	155	104	-16	84
	-325	108	155	103	-159	391	830	40	19	-63	459	13
	-130	-497	-401	-321	-67	-596	-936	-175	-171	-35	-448	-104
Net Cash Flow	-14	11	13	-13	3	2	4	-5	2	7	-6	-7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	35	15	22	32	64	153	32	30	22	28	14	150
Inventory Days
Days Payable
Cash Conversion Cycle	35	15	22	32	64	153	32	30	22	28	14	150
Working Capital Days	-8	-55	-122	-804	-554	-1,465	-872	-1,064	-1,212	-1,567	-2,198	29,186
ROCE %	4%	3%	1%	2%	2%	4%	2%	0%	2%	-18%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	74.37%	74.37%	74.37%	74.37%	74.37%	74.37%	74.37%	74.37%	74.37%	73.75%	73.75%	73.75%
	9.02%	8.89%	6.77%	0.12%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.04%
	0.05%	0.02%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%	0.02%
	16.56%	16.72%	18.83%	25.48%	25.48%	25.59%	25.61%	25.60%	25.60%	26.22%	26.22%	26.19%
No. of Shareholders	87,980	89,091	92,150	1,04,137	1,04,802	1,06,447	1,05,689	1,05,366	1,05,303	1,02,708	1,08,331	1,12,595

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	74.37%	74.37%	74.37%	74.37%	74.37%	74.37%	74.37%	73.75%
	4.11%	0.74%	1.39%	0.50%	9.02%	0.12%	0.00%	0.04%
	0.08%	5.18%	6.26%	8.58%	0.05%	0.03%	0.03%	0.02%
	20.66%	19.72%	17.98%	16.55%	16.56%	25.48%	25.60%	26.19%
	0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
No. of Shareholders	89,187	87,603	85,984	85,000	85,802	1,04,137	1,05,366	1,12,595

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Essar Shipping Ltd

Essar Shipping Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports