Essar Shipping Ltd

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

Essar Shipping Ltd

₹ 9.37 2.97%
05 Jun 3:44 p.m.
essar.com BSE: 533704 NSE : 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
  • Market Cap ₹ 194 Cr.
  • Current Price ₹ 9.37
  • High / Low ₹ 11.2 / 6.62
  • Stock P/E
  • Book Value ₹ -132
  • 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 -44.8% over past five years.
  • Contingent liabilities of Rs.234 Cr.
  • Earnings include an other income of Rs.1,764 Cr.
  • Debtor days have increased from 42.7 to 77.3 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
232 148 132 102 91 147 145 22 15 16 17 14 15
223 94 113 131 104 126 93 26 20 6 9 8 5
Operating Profit 9 55 19 -29 -13 20 52 -4 -5 9 7 7 10
OPM % 4% 37% 14% -29% -14% 14% 36% -21% -33% 60% 44% 48% 65%
-1,396 -8 2 1 17 -174 66 103 323 55 21 1,361 328
Interest 114 106 137 111 136 110 101 74 71 68 75 32 -44
Depreciation 44 44 43 43 44 47 24 19 15 12 13 13 4
Profit before tax -1,545 -103 -159 -182 -177 -311 -7 6 232 -16 -60 1,323 378
Tax % -0% -0% -0% -0% -0% -0% -1% -0% -0% -0% 28% -1% -0%
Net Profit -1,540 -103 -159 -182 -177 -311 15 -8 226 -16 -40 1,343 365
EPS in Rs -74.29 -4.86 -7.67 -8.79 -8.65 -15.05 0.74 -0.38 10.89 -0.76 -1.96 64.89 17.62
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2,802 3,209 1,859 1,911 1,720 2,194 1,208 1,309 1,344 472 328 62
2,095 2,433 1,308 1,684 1,441 1,815 962 977 1,084 442 265 28
Operating Profit 707 776 550 227 279 379 246 332 261 30 63 34
OPM % 25% 24% 30% 12% 16% 17% 20% 25% 19% 6% 19% 54%
46 39 128 243 199 -69 -1,201 -3,430 -1,342 13 319 1,764
Interest 329 366 399 477 542 467 387 396 433 489 356 132
Depreciation 363 369 478 424 464 390 304 282 172 174 106 41
Profit before tax 60 80 -199 -432 -528 -547 -1,646 -3,776 -1,686 -620 -81 1,625
Tax % 39% 55% -23% -6% -4% -7% -0% -0% -0% -0% -0% -2%
Net Profit 37 36 -244 -459 -550 -583 -1,685 -3,771 -1,687 -621 -78 1,652
EPS in Rs 1.79 1.74 -11.88 -22.36 -26.58 -28.19 -80.44 -182.40 -81.24 -29.97 -3.79 79.80
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -33%
5 Years: -45%
3 Years: -64%
TTM: -81%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 25%
TTM: 95%
Stock Price CAGR
10 Years: -7%
5 Years: -13%
3 Years: 4%
1 Year: 17%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 5,290 6,563 6,884 6,675 3,126 2,428 1,163 -2,117 -4,428 -5,020 -5,121 -2,949
5,638 5,296 5,625 5,142 5,324 5,613 4,628 4,771 4,641 4,599 3,912 2,704
886 1,360 1,329 1,430 1,506 1,248 1,647 1,701 1,925 2,298 2,171 1,085
Total Liabilities 12,019 13,424 14,043 13,452 10,163 9,496 7,645 4,563 2,345 2,084 1,170 1,047
8,093 9,380 9,817 9,814 6,449 5,835 5,253 3,149 1,003 884 112 58
CWIP 1,791 1,736 92 78 79 137 78 11 11 16 -0 -0
Investments -0 0 63 63 -0 37 -0 42 -0 6 40 38
2,135 2,308 4,071 3,497 3,635 3,487 2,314 1,361 1,332 1,178 1,018 951
Total Assets 12,019 13,424 14,043 13,452 10,163 9,496 7,645 4,563 2,345 2,084 1,170 1,047

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
614 1,205 396 559 345 274 487 157 210 97 140
-364 -98 239 379 26 13 719 64 75 -22 478
-283 -1,075 -606 -961 -374 -285 -1,188 -236 -263 -86 -627
Net Cash Flow -34 32 29 -23 -2 2 18 -15 22 -12 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 79 45 67 58 71 20 30 43 20 23 27 77
Inventory Days
Days Payable
Cash Conversion Cycle 79 45 67 58 71 20 30 43 20 23 27 77
Working Capital Days 57 23 289 -106 57 -277 -496 -835 -831 -691 -1,020 -259
ROCE % 4% 4% 2% 0% 0% 1% 0% 2% 15% -105%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 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 9.02 8.89 6.77 0.12 0.12 0.00 0.00 0.00
0.06 0.07 0.07 0.05 0.05 0.02 0.03 0.03 0.03 0.03 0.03 0.03
16.55 16.54 16.54 16.56 16.56 16.72 18.83 25.48 25.48 25.59 25.61 25.60

* 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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Documents

Announcements

Annual reports