Essar Shipping Ltd

About

Essar Shipping is engaged in the Business of fleet operating and chartering activities and operates international and coastal voyages. The Company has also directly and/or through its subsidiaries and associates invested in diverse business verticals viz.

  • Market Cap 184 Cr.
  • Current Price 8.85
  • High / Low 14.0 / 7.15
  • Stock P/E
  • Book Value -249
  • Dividend Yield 0.00 %
  • ROCE -105 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -22.75% over past five years.
  • Contingent liabilities of Rs.252.76 Cr.

Peer comparison

Sector: Shipping Industry: Shipping

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
326 315 345 386 382 232 148 132 102 91 147 145
233 224 244 315 302 223 94 113 131 104 126 93
Operating Profit 94 91 100 71 80 9 55 19 -29 -13 20 52
OPM % 29% 29% 29% 19% 21% 4% 37% 14% -29% -14% 14% 36%
Other Income 48 -3,469 5 51 -1 -1,396 -8 2 1 17 -174 66
Interest 72 138 88 106 124 114 106 137 111 136 110 101
Depreciation 68 73 43 43 43 44 44 43 43 44 47 24
Profit before tax 1 -3,588 -25 -26 -89 -1,545 -103 -159 -182 -177 -311 -7
Tax % 17% -0% -1% -1% -0% -0% -0% -0% -0% -0% -0% 1%
Net Profit 1 -3,585 -22 -28 -89 -1,538 -101 -159 -182 -179 -311 16
EPS in Rs 0.07 -173.20 -1.07 -1.33 -4.31 -74.29 -4.86 -7.67 -8.79 -8.65 -15.05 0.75

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
1,319 2,802 3,209 1,859 1,911 1,720 2,194 1,208 1,309 1,344 473 485
1,006 2,095 2,433 1,308 1,684 1,441 1,815 962 977 1,084 442 455
Operating Profit 313 707 776 550 227 279 379 246 332 261 31 30
OPM % 24% 25% 24% 30% 12% 16% 17% 20% 25% 19% 7% 6%
Other Income 24 46 39 128 243 199 -69 -1,201 -3,430 -1,342 12 -90
Interest 139 329 366 399 477 542 467 387 396 433 489 458
Depreciation 162 363 369 478 424 464 390 304 282 172 174 159
Profit before tax 35 60 80 -199 -432 -528 -547 -1,646 -3,776 -1,686 -620 -677
Tax % 6% 39% 55% -23% -6% -4% -7% -0% -0% -0% -0%
Net Profit 33 37 36 -244 -459 -550 -583 -1,665 -3,775 -1,682 -620 -657
EPS in Rs 1.79 1.74 -11.88 -22.36 -26.58 -28.19 -80.44 -182.40 -81.24 -29.97 -31.74
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -10%
5 Years: -23%
3 Years: -27%
TTM: -46%
Compounded Profit Growth
10 Years: %
5 Years: -3%
3 Years: -20%
TTM: -22%
Stock Price CAGR
10 Years: -10%
5 Years: -21%
3 Years: -11%
1 Year: 11%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
205 205 205 205 205 207 207 207 207 207 207 207
Reserves 5,036 5,290 6,563 6,884 6,675 3,126 2,400 1,163 -2,117 -4,428 -5,020 -5,357
Borrowings 4,989 5,638 5,296 5,625 5,142 5,324 5,613 4,628 4,771 4,641 4,599 4,233
603 886 1,360 1,329 1,430 1,506 1,276 1,647 1,701 1,925 2,298 2,398
Total Liabilities 10,833 12,019 13,424 14,043 13,452 10,163 9,496 7,645 4,563 2,345 2,084 1,481
7,793 8,093 9,380 9,817 9,814 6,449 5,835 5,253 3,149 1,003 884 206
CWIP 358 1,791 1,736 92 78 79 137 78 11 11 16 20
Investments -0 -0 0 63 63 -0 37 -0 42 -0 6 45
2,681 2,135 2,308 4,071 3,497 3,635 3,487 2,314 1,361 1,332 1,178 1,210
Total Assets 10,833 12,019 13,424 14,043 13,452 10,163 9,496 7,645 4,563 2,345 2,084 1,481

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
214 614 1,205 396 559 345 274 487 157 210 97
-736 -364 -98 239 379 26 13 719 64 75 -22
255 -283 -1,075 -606 -961 -374 -285 -1,188 -236 -263 -86
Net Cash Flow -267 -34 32 29 -23 -2 2 18 -15 22 -12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 130 79 45 67 58 71 20 30 43 20 23
Inventory Days
Days Payable
Cash Conversion Cycle 130 79 45 67 58 71 20 30 43 20 23
Working Capital Days 183 123 74 491 360 421 344 238 -36 -107 -690
ROCE % 4% 4% 2% 0% 0% 1% 0% 2% 15% -105%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
74.37 74.37 74.37 74.37 74.37 74.37 74.37 74.37 74.37 74.37 74.37 74.37
1.39 1.39 0.50 9.02 0.00 0.50 9.02 9.02 9.02 9.02 9.02 8.89
6.26 6.26 5.03 0.07 9.09 8.58 0.06 0.07 0.07 0.05 0.05 0.02
17.98 17.98 20.11 16.54 16.54 16.55 16.55 16.54 16.54 16.56 16.56 16.72

Documents