Essar Shipping Ltd

About [ edit ]

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 198 Cr.
  • Current Price 9.50
  • High / Low 12.8 / 6.50
  • Stock P/E
  • Book Value -216
  • Dividend Yield 0.00 %
  • ROCE 14.5 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.79% over past five years.
  • Contingent liabilities of Rs.277.32 Cr.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Shipping Industry: Shipping

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
555 348 319 326 315 345 386 382 232 148 132 102
472 299 253 233 224 244 315 302 223 94 113 131
Operating Profit 83 49 66 94 91 100 71 80 9 55 19 -29
OPM % 15% 14% 21% 29% 29% 29% 19% 21% 4% 37% 14% -29%
Other Income -87 11 12 48 -3,469 5 51 -1 -1,396 -8 2 1
Interest 117 94 92 72 138 88 106 124 114 106 137 111
Depreciation 55 69 73 68 73 43 43 43 44 44 43 43
Profit before tax -176 -103 -87 1 -3,588 -25 -26 -89 -1,545 -103 -159 -182
Tax % -1% -1% -0% 17% -0% -1% -1% -0% -0% -0% -0% -0%
Net Profit -177 -102 -88 1 -3,585 -22 -28 -89 -1,538 -101 -159 -182
EPS in Rs -8.54 -4.91 -4.24 0.07 -173.20 -1.07 -1.33 -4.31 -74.29 -4.86 -7.67 -8.79

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 TTM
1,319 2,802 3,209 1,859 1,911 1,720 2,194 1,208 1,309 1,344 614
1,006 2,099 2,433 1,308 1,684 1,412 1,670 1,331 977 1,084 560
Operating Profit 313 702 776 550 227 307 524 -124 332 261 53
OPM % 24% 25% 24% 30% 12% 18% 24% -10% 25% 19% 9%
Other Income 24 50 39 128 243 170 -214 -831 -3,430 -1,342 -1,401
Interest 139 329 366 399 477 542 467 387 396 433 468
Depreciation 162 363 369 478 424 464 390 304 282 172 173
Profit before tax 35 60 80 -199 -432 -528 -547 -1,646 -3,776 -1,686 -1,989
Tax % 6% 39% 55% -23% -6% -4% -7% -0% -0% -0%
Net Profit 33 37 36 -244 -459 -550 -583 -1,665 -3,775 -1,682 -1,979
EPS in Rs 1.79 1.74 -11.88 -22.36 -26.58 -28.19 -80.44 -182.40 -81.24 -95.61
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:-7%
3 Years:-15%
TTM:-57%
Compounded Profit Growth
10 Years:%
5 Years:10%
3 Years:16%
TTM:87%
Stock Price CAGR
10 Years:%
5 Years:-18%
3 Years:-22%
1 Year:42%
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 Sep 2020
205 205 205 205 205 207 207 207 207 207 207
Reserves 5,036 5,290 6,563 6,884 6,675 3,126 2,400 1,163 -2,117 -4,428 -4,679
Borrowings 4,989 5,638 5,296 5,625 5,142 5,324 5,613 4,628 4,771 4,641 1,945
603 886 1,360 1,329 1,430 1,506 1,276 1,647 1,701 1,925 4,722
Total Liabilities 10,833 12,019 13,424 14,043 13,452 10,163 9,496 7,645 4,563 2,345 2,195
7,793 8,093 9,380 9,817 9,814 6,449 5,835 5,253 3,149 1,003 914
CWIP 358 1,791 1,736 92 78 79 137 78 11 11 11
Investments 0 0 0 63 63 0 37 0 42 0 2
2,681 2,135 2,308 4,071 3,497 3,635 3,487 2,314 1,361 1,332 1,268
Total Assets 10,833 12,019 13,424 14,043 13,452 10,163 9,496 7,645 4,563 2,345 2,195

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
214 614 1,205 396 559 345 274 487 157 210
-736 -364 -98 239 379 26 13 719 64 75
255 -283 -1,075 -606 -961 -374 -285 -1,188 -236 -263
Net Cash Flow -267 -34 32 29 -23 -2 2 18 -15 22

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
ROCE % 4% 4% 2% 0% 0% 1% 0% 2% 15%
Debtor Days 130 79 45 67 58 71 20 30 43 20
Inventory Turnover 1.70 2.61 1.83 1.74 1.37 2.05 2.78 2.38 10.72

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 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
1.47 1.47 1.39 1.39 0.50 9.02 0.00 0.50 9.02 9.02 9.02 9.02
6.26 6.26 6.26 6.26 5.03 0.07 9.09 8.58 0.06 0.07 0.07 0.05
17.91 17.91 17.98 17.98 20.11 16.54 16.54 16.55 16.55 16.54 16.54 16.56

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