Essar Shipping Ltd
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]
- 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
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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Revised copy of the Newspaper Publication of Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31st March, 2023 published in Business …
- Declaration Pursuant To Regulation 33(3)(D) And 52(3)(A) Of The SEBI (LODR), 2015. 31 May
- Board Meeting Outcome for Revised Outcome Of Board Meeting 30 May
- Intimation Under Regulation 23(9) Of The SEBI (LODR) Regulation, 2015 30 May
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 May - Newspaper Publication of Audited Financial Results for quarter and year ended 31st March, 2023.
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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]