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Consolidated Standalone

Essar Shipping

₹28.3 0 | 0%

Market Cap ₹586 Cr.

Stock P/E 1.9

P/B -0.2

Current Price ₹28.3

Book Value ₹ -135

Face Value 10

52W High ₹39

Dividend Yield 0%

52W Low ₹ 8.5

Edit Ratio

Essar Shipping Research see more...

Overview Inc. Year: 2010Industry: Shipping

Essar Shipping Ltd is a renowned shipping company that operates in the maritime industry. With a rich history and expertise spanning several decades, Essar Shipping has established itself as a global leader in diverse shipping operations. The company specializes in dry bulk cargo transportation, focusing on sectors like steel, power, oil, and gas. Essar Shipping owns and operates a modern fleet of vessels, including Capesize, Supramax, and Mini Cape vessels, enabling efficient and reliable transportation services worldwide. Committed to environmental sustainability, the company has incorporated eco-friendly measures and technologies into its operations, ensuring responsible shipping practices. Essar Shipping's dedication to customer satisfaction, safety, and operational excellence has earned it a strong reputation in the industry. With a focus on growth and innovation, Essar Shipping continues to contribute significantly to the global shipping landscape.

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Essar Shipping Share Price

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Peer Comparison

Essar Shipping Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 145 22 15 16 17 14 15 11 4 3
Other Income 37 72 108 9 32 49 14 38 8 6
Total Income 182 94 123 25 49 63 29 48 12 9
Total Expenditure 93 26 20 6 9 8 5 8 25 19
Operating Profit 89 68 103 18 40 56 23 40 -13 -10
Interest 101 74 71 68 75 32 -44 11 10 16
Depreciation 24 19 15 12 13 13 4 11 11 11
Exceptional Income / Expenses 30 31 215 46 -12 1312 314 8 -3 -5
Profit Before Tax -7 6 232 -16 -60 1323 378 26 -37 -41
Provision for Tax 0 0 0 0 -17 -9 -1 0 -1 0
Profit After Tax -7 6 232 -16 -43 1332 378 26 -36 -41
Adjustments 23 -13 -7 -0 3 11 -14 -0 -0 -2
Profit After Adjustments 15 -8 225 -16 -41 1343 365 26 -36 -44
Adjusted Earnings Per Share 0.7 -0.4 10.9 -0.8 -2 64.9 17.6 1.3 -1.7 -2.1

Essar Shipping Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 3209 1859 1911 1720 2194 1208 1309 1344 472 328 61 33
Other Income 89 148 243 228 -67 79 57 150 36 225 104 66
Total Income 3298 2007 2153 1947 2127 1287 1366 1494 508 553 165 98
Total Expenditure 2433 1328 1684 1470 1817 962 977 1084 442 265 28 57
Operating Profit 865 678 470 477 311 326 389 411 66 288 136 40
Interest 366 399 477 542 467 387 396 433 489 356 132 -7
Depreciation 369 478 424 464 391 304 282 172 174 106 41 37
Exceptional Income / Expenses -50 0 0 0 0 -1281 -3487 -1492 -23 94 1660 314
Profit Before Tax 80 -199 -432 -528 -547 -1646 -3776 -1686 -620 -81 1624 326
Provision for Tax 44 45 27 22 38 3 1 1 1 0 -26 -2
Profit After Tax 36 -244 -459 -550 -585 -1649 -3778 -1687 -621 -81 1650 327
Adjustments 0 0 -0 0 1 -16 2 8 0 3 0 -16
Profit After Adjustments 36 -244 -459 -550 -583 -1665 -3775 -1679 -621 -78 1650 311
Adjusted Earnings Per Share 1.7 -11.9 -22.4 -26.6 -28.2 -80.4 -182.4 -81.1 -30 -3.8 79.7 15.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -81% -64% -45% -33%
Operating Profit CAGR -53% -31% -16% -17%
PAT CAGR 0% 0% 0% 47%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 226% 44% 20% 5%
ROE Average 0% 0% 0% -11%
ROCE Average 0% -43% -56% -27%

Essar Shipping Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 6768 7089 6880 3333 2635 1370 -1910 -4221 -4813 -4914 -2742
Minority's Interest 0 0 0 0 0 192 262 261 264 268 118
Borrowings 4668 4383 2464 3098 794 1754 1904 1975 1743 1678 398
Other Non-Current Liabilities 135 125 180 52 2 0 0 0 0 0 0
Total Current Liabilities 2097 2579 4121 3681 6066 4328 4306 4331 4890 4138 3272
Total Liabilities 13668 14177 13645 10163 9496 7645 4563 2345 2084 1170 1047
Fixed Assets 9380 9817 9814 6449 5835 5253 3149 1003 884 112 58
Other Non-Current Assets 2096 431 462 243 308 95 80 27 26 41 41
Total Current Assets 2193 3929 3369 3471 3353 2297 1334 1316 1174 984 948
Total Assets 13668 14177 13645 10163 9496 7645 4563 2345 2084 1170 1047

Essar Shipping Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 35 9 38 15 13 14 32 17 39 27 18
Cash Flow from Operating Activities 1205 396 559 345 274 487 157 210 97 140 514
Cash Flow from Investing Activities -159 234 378 27 13 719 -6 178 -54 493 90
Cash Flow from Financing Activities -1075 -606 -961 -374 -285 -1188 -236 -263 -86 -627 -969
Net Cash Inflow / Outflow -29 24 -24 -1 2 18 -85 126 -43 7 -365
Closing Cash & Cash Equivalent 9 38 15 13 14 32 17 39 27 18 25

Essar Shipping Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 1.74 -11.88 -22.36 -26.58 -28.19 -80.43 -182.4 -81.1 -29.98 -3.79 79.73
CEPS(Rs) 19.74 11.41 -1.7 -4.17 -9.38 -64.98 -168.86 -73.18 -21.59 1.2 81.72
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 329.76 345.39 335.16 156.33 125.93 66.16 -92.29 -203.98 -232.57 -237.43 -132.51
Core EBITDA Margin(%) 24.19 28.53 11.88 14.52 17.2 20.38 25.34 19.39 6.31 19.18 53.07
EBIT Margin(%) 13.88 10.79 2.39 0.78 -3.64 -104.25 -258.21 -93.23 -27.81 83.97 2893.23
Pre Tax Margin(%) 2.49 -10.7 -22.58 -30.72 -24.92 -136.27 -288.43 -125.41 -131.34 -24.6 2676.36
PAT Margin (%) 1.12 -13.12 -24.02 -31.99 -26.65 -136.54 -288.54 -125.5 -131.47 -24.68 2719.98
Cash Profit Margin (%) 12.62 12.6 -1.82 -5.01 -8.85 -111.36 -266.97 -112.68 -94.66 7.58 2787.79
ROA(%) 0.28 -1.75 -3.3 -4.62 -5.95 -19.24 -61.89 -48.84 -28.02 -4.98 148.9
ROE(%) 0.58 -3.52 -6.57 -10.88 -20.02 -82.95 0 0 0 0 0
ROCE(%) 3.84 1.62 0.37 0.13 -0.94 -17.69 -76.37 -76.37 -127.58 0 0
Receivable days 57.14 72.33 61.27 67.53 37.84 33.07 35.52 30.9 39.56 30.5 113.4
Inventory Days 17.23 31.23 23.23 17.53 13.49 22.2 14.21 7.01 16.25 16.34 35.19
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 9.92 0 0 0 0 0 0 0 0 0 0.1
Price/Book(x) 0.05 0.04 0.07 0.16 0.22 0.34 -0.11 -0.03 -0.03 -0.03 -0.06
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.74 3.15 2.91 3.38 2.8 4.17 3.79 3.5 10.03 12.3 46.88
EV/Core EBITDA(x) 6.45 8.62 11.86 12.17 19.81 15.47 12.76 11.46 71.81 14.03 20.89
Net Sales Growth(%) 14.55 -42.09 2.8 -10 27.58 -44.95 8.4 2.67 -64.88 -30.44 -81.52
EBIT Growth(%) 14.37 -55 -77.24 -70.66 -696.34 -1476.77 -168.49 62.93 89.53 310.06 536.68
PAT Growth(%) -2.8 -780.92 -88.24 -19.89 -6.27 -182.05 -129.07 55.35 63.21 86.94 2136.54
EPS Growth(%) -2.8 -780.78 -88.31 -18.86 -6.05 -185.35 -126.77 55.54 63.04 87.35 2202.42
Debt/Equity(x) 0.78 0.79 0.75 1.6 2.13 3.37 -2.5 -1.1 -0.96 -0.8 -0.99
Current Ratio(x) 1.05 1.52 0.82 0.94 0.55 0.53 0.31 0.3 0.24 0.24 0.29
Quick Ratio(x) 1.1 1.5 0.8 0.92 0.54 0.51 0.3 0.3 0.24 0.24 0.29
Interest Cover(x) 1.22 0.5 0.1 0.02 -0.17 -3.26 -8.54 -2.9 -0.27 0.77 13.34
Total Debt/Mcap(x) 14.92 17.91 11.49 10.27 9.69 9.79 22.04 41.45 28.34 24.97 16.31

Essar Shipping Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 74.37 74.37 74.37 74.37 74.37 74.37 74.37 73.75 73.75 73.75
FII 0 0 0 0 0 0 0 0 0.01 0.04
DII 6.8 0.15 0.15 0.03 0.03 0.03 0.03 0.02 0.02 0.02
Public 18.83 25.48 25.48 25.6 25.6 25.6 25.6 26.22 26.21 26.19
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at -0.2 times its book value
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Company has a low return on equity of 0% over the last 3 years.
  • Earnings include an other income of Rs. 104 Cr.

* 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.

Essar Shipping News

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