Essar Shipping Ltd

Essar Shipping Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Essar Shipping Ltd

₹ 15.3 4.79%
04 Oct - close price
essar.com BSE: 533704 NSE - BE : ESSARSHPNG
About

Essar Shipping Limited was incorporated in 2010. The Company is mainly engaged in fleet operating and chartering activities and operates international and coastal voyages. The Company has also invested in diverse business verticals viz. Fleet operating and chartering, Oilfields services and logistics services. [1][2]

Key Points

Products & Services
The company offers shipping services and has a 20% market share in the dry bulk cargo segment. It also operates an oil & gas drilling business that provides contract drilling services to oil & gas companies across the globe. This business owns a fleet of land and offshore rigs. [1]

Website BSE NSE - BE
  • Market Cap ₹ 316 Cr.
  • Current Price ₹ 15.3
  • High / Low ₹ 15.4 / 7.10
  • Stock P/E 11.2
  • Book Value ₹ -77.5
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • 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.1,819 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
46 64 23 34 78 66 79 17 1 1 -0 1 2
36 40 38 35 44 37 14 6 4 6 2 5 4
Operating Profit 10 24 -15 -1 34 29 65 11 -3 -4 -2 -4 -1
OPM % 22% 38% -67% -4% 43% 44% 82% 65% -469% -335% -292% -72%
0 1 1 8 -464 8 27 267 0 18 1,334 422 45
Interest 46 72 46 48 49 45 44 42 44 43 6 1 3
Depreciation 28 28 28 29 32 9 4 -0 -0 -0 0 0 0
Profit before tax -64 -75 -88 -70 -512 -18 44 236 -47 -29 1,326 416 40
Tax % -0% -0% -0% -0% -0% -1% -0% -0% -0% 58% -1% -0% -0%
-64 -75 -88 -71 -513 -18 44 236 -47 -12 1,335 417 40
EPS in Rs -3.08 -3.64 -4.26 -3.41 -24.76 -0.86 2.13 11.42 -2.28 -0.59 64.50 20.16 1.95
Raw PDF

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 5
804 1,150 723 647 523 439 488 418 404 149 101 17 16
Operating Profit 441 338 150 144 205 219 155 74 135 17 39 -13 -12
OPM % 35% 23% 17% 18% 28% 33% 24% 15% 25% 10% 28% -396% -244%
60 18 138 208 97 133 284 -1,357 -2,767 11 -63 1,774 1,819
Interest 267 307 323 286 343 353 265 206 210 212 180 95 53
Depreciation 136 139 186 144 154 137 125 103 110 113 45 0 0
Profit before tax 97 -90 -220 -78 -194 -138 49 -1,592 -2,952 -297 -250 1,666 1,754
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 1,780
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 86.02
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: -97%
Compounded Profit Growth
10 Years: 0%
5 Years: 12%
3 Years: 20%
TTM: 206%
Stock Price CAGR
10 Years: -2%
5 Years: 3%
3 Years: 21%
1 Year: 71%
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
205 205 205 205 207 207 207 207 207 207 207 207
Reserves 5,006 4,943 4,684 4,600 1,659 1,515 1,584 -8 -2,956 -3,254 -3,503 -1,810
3,613 3,572 3,775 3,645 3,837 3,856 3,089 3,203 3,443 3,303 2,512 1,936
241 361 384 549 735 718 1,088 1,094 893 1,221 1,186 49
Total Liabilities 9,064 9,081 9,048 8,999 6,438 6,297 5,968 4,497 1,587 1,477 401 382
1,867 1,746 1,606 1,500 1,295 1,176 914 842 742 688 0 4
CWIP -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
873 887 1,078 1,137 689 750 636 637 592 531 364 340
Total Assets 9,064 9,081 9,048 8,999 6,438 6,297 5,968 4,497 1,587 1,477 401 382

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

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37% 74.37%
9.02% 9.02% 9.02% 9.02% 8.89% 6.77% 0.12% 0.12% 0.00% 0.00% 0.00% 0.00%
0.07% 0.07% 0.05% 0.05% 0.02% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
16.54% 16.54% 16.56% 16.56% 16.72% 18.83% 25.48% 25.48% 25.59% 25.61% 25.60% 25.60%
No. of Shareholders 86,20185,60585,80287,98089,09192,1501,04,1371,04,8021,06,4471,05,6891,05,3661,05,303

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports