ESSARSHPNG
Essar Shipping Limited
Essar Shipping Limited (ESSARSHPNG) financial statements and selected valuation metrics through 30 June 2026.
Services›Services›Transport Services›Shipping
essar.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹16.17
Market cap
335 Cr
Stock P/E
3.7
Operating margin (FY26)
-941.6%
OCF / EBITDA (3Y)
2153.9%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Essar Shipping owns a tug that it charters out and holds overseas shipping and oilfield-services subsidiaries, but its own operating income is now very small and its filings carry a going-concern warning from its auditors.
Company snapshot
6thBy market cap
Ranked among 6 companies in Shipping.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 116.1% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Fleet Operating and Chartering | 10.0% | 15 Cr | 166 Cr | — |
| Other Income Unallocted | 116.1% | 178 Cr | 565 Cr | — |
| Rig Operating and Chartering | 95.0% | 146 Cr | -8 Cr | — |
Shares add up to 221% because segment revenues are before inter-segment eliminations.
What we see
Positives
- ✓2154% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
- ✗Net margin is negative — the company is spending more than it earns right now.
1 more signal from the filings.Sign in free to see them all
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4 Cr | 3 Cr | 3 Cr | 3 Cr | 148 Cr | 3 Cr | -143 Cr | 2 Cr | 0.01 Cr | 0.04 Cr | 0.04 Cr | 0.04 Cr |
| Operating expenses (approx.) | 25 Cr | 19 Cr | 34 Cr | 11 Cr | 154 Cr | 11 Cr | -113 Cr | 6 Cr | 3 Cr | 5 Cr | 4 Cr | 3 Cr |
| EBITDA | -21 Cr | -17 Cr | -32 Cr | -9 Cr | -6 Cr | -8 Cr | -30 Cr | -5 Cr | -3 Cr | -4 Cr | -4 Cr | -3 Cr |
| OPM % | -492.0% | -640.7% | -1248.0% | -348.0% | -4.4% | -267.4% | 21.2% | -279.9% | -31800.0% | -11150.0% | -9025.0% | -7475.0% |
| Other income | 8 Cr | 6 Cr | 11 Cr | 9 Cr | 100 Cr | 69 Cr | 59 Cr | 48 Cr | 0.03 Cr | 17 Cr | 32 Cr | 0.27 Cr |
| Interest | 10 Cr | 16 Cr | 45 Cr | 29 Cr | 28 Cr | 23 Cr | 21 Cr | 16 Cr | 18 Cr | 33 Cr | 28 Cr | 25 Cr |
| Depreciation | 11 Cr | 11 Cr | -0.09 Cr | 0.19 Cr | 0.19 Cr | 0.19 Cr | 0.19 Cr | 0.19 Cr | 0.20 Cr | 0.20 Cr | 0.19 Cr | 0.20 Cr |
| Profit before tax | -37 Cr | -41 Cr | -53 Cr | -35 Cr | 642 Cr | 40 Cr | 13 Cr | 27 Cr | -16 Cr | -88 Cr | -36 Cr | 230 Cr |
| Tax % | 2.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net profit | -36 Cr | -41 Cr | -53 Cr | -35 Cr | 642 Cr | 40 Cr | 13 Cr | 27 Cr | -16 Cr | -88 Cr | -36 Cr | 230 Cr |
| EPS (₹) | ₹-3.31 | ₹-3.77 | ₹-5.73 | ₹-3.07 | ₹34.32 | ₹1.92 | ₹0.98 | ₹1.32 | ₹-1.02 | ₹-4.26 | ₹-1.74 | ₹11.13 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,194 Cr | 1,208 Cr | 1,299 Cr | 1,344 Cr | 473 Cr | 328 Cr | 61 Cr | 20 Cr | 10 Cr | 2 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 1,815 Cr | 962 Cr | 977 Cr | 1,084 Cr | 442 Cr | 265 Cr | 28 Cr | 87 Cr | 60 Cr | 18 Cr | Sign in free for the trailing twelve months |
| EBITDA | 379 Cr | 246 Cr | 321 Cr | 261 Cr | 31 Cr | 63 Cr | 32 Cr | -67 Cr | -50 Cr | -16 Cr | Sign in free for the trailing twelve months |
| OPM % | 17.3% | 20.4% | 24.7% | 19.4% | 6.5% | 19.2% | 53.1% | -331.0% | -482.7% | -897.8% | Sign in free for the trailing twelve months |
| Other income | -69 Cr | 79 Cr | 68 Cr | 150 Cr | 35 Cr | 225 Cr | 104 Cr | 62 Cr | 237 Cr | 96 Cr | Sign in free for the trailing twelve months |
| Interest | 467 Cr | 387 Cr | 396 Cr | 433 Cr | 489 Cr | 356 Cr | 132 Cr | 81 Cr | 101 Cr | 94 Cr | Sign in free for the trailing twelve months |
| Depreciation | 391 Cr | 304 Cr | 282 Cr | 172 Cr | 174 Cr | 106 Cr | 41 Cr | 32 Cr | 0.76 Cr | 0.78 Cr | Sign in free for the trailing twelve months |
| Profit before tax | -546 Cr | -1,682 Cr | -3,770 Cr | -1,686 Cr | -620 Cr | -78 Cr | 1,624 Cr | -105 Cr | 660 Cr | -112 Cr | Sign in free for the trailing twelve months |
| Tax % | -6.9% | -0.2% | -0.0% | -0.1% | -0.1% | -0.3% | -1.6% | 0.8% | 0.0% | 0.0% | Sign in free for the trailing twelve months |
| Net profit | -583 Cr | -1,685 Cr | -3,771 Cr | -1,687 Cr | -621 Cr | -78 Cr | 1,650 Cr | -104 Cr | 660 Cr | -112 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹-28.19 | ₹-81.40 | ₹-350.61 | ₹-81.50 | ₹-29.98 | ₹-12.07 | ₹79.39 | ₹-10.71 | ₹36.26 | ₹-6.12 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | — | 0.0% | — | 0.0% | — | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 207 Cr | 207 Cr | 207 Cr | 207 Cr | 207 Cr | 207 Cr | 207 Cr | 207 Cr | 207 Cr | 207 Cr |
| Reserves | 2,428 Cr | 1,163 Cr | -2,117 Cr | -4,428 Cr | -5,020 Cr | -5,121 Cr | -2,949 Cr | -3,014 Cr | -2,587 Cr | -2,280 Cr |
| Borrowings | 1,882 Cr | 2,200 Cr | 1,904 Cr | 1,975 Cr | 1,743 Cr | 3,912 Cr | 2,704 Cr | 2,642 Cr | 1,631 Cr | 1,615 Cr |
| Other liabilities | 4,979 Cr | 3,883 Cr | 4,306 Cr | 4,330 Cr | 4,890 Cr | 1,903 Cr | 966 Cr | 943 Cr | 1,048 Cr | 775 Cr |
| Total liabilities | 9,496 Cr | 7,645 Cr | 4,563 Cr | 2,345 Cr | 2,084 Cr | 1,170 Cr | 1,047 Cr | 911 Cr | 300 Cr | 317 Cr |
| Fixed assets (net) | 3,226 Cr | 2,625 Cr | 1,812 Cr | 1,003 Cr | 884 Cr | 112 Cr | 58 Cr | 26 Cr | 27 Cr | 44 Cr |
| CWIP | 137 Cr | 78 Cr | 11 Cr | 11 Cr | 16 Cr | 0 Cr | 0 Cr | 0 Cr | 180 Cr | 228 Cr |
| Investments | 37 Cr | — | 42 Cr | 0 Cr | 6 Cr | 40 Cr | 38 Cr | 0.04 Cr | 0.04 Cr | 0 Cr |
| Loans & advances | — | — | 380 Cr | 465 Cr | 467 Cr | 456 Cr | 564 Cr | 485 Cr | 0 Cr | 0 Cr |
| Inventories | 75 Cr | 72 Cr | 30 Cr | 22 Cr | 20 Cr | 9 Cr | 3 Cr | 0 Cr | 0.99 Cr | 1 Cr |
| Trade receivables | 120 Cr | 99 Cr | 156 Cr | 72 Cr | 30 Cr | 25 Cr | 13 Cr | 19 Cr | 15 Cr | 1 Cr |
| Cash & bank | 40 Cr | 55 Cr | 25 Cr | 44 Cr | 28 Cr | 30 Cr | 25 Cr | 24 Cr | 6 Cr | 3 Cr |
| Other assets | 5,862 Cr | 4,715 Cr | 2,107 Cr | 729 Cr | 633 Cr | 499 Cr | 346 Cr | 358 Cr | 69 Cr | 39 Cr |
| Total assets | 9,496 Cr | 7,645 Cr | 4,563 Cr | 2,345 Cr | 2,084 Cr | 1,170 Cr | 1,047 Cr | 911 Cr | 300 Cr | 317 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 274 Cr | 487 Cr | 157 Cr | 210 Cr | 97 Cr | 140 Cr | 514 Cr | -46 Cr | 531 Cr | -129 Cr |
| Cash from investing | 13 Cr | 719 Cr | -6 Cr | 178 Cr | -54 Cr | 493 Cr | 90 Cr | 57 Cr | 268 Cr | 27 Cr |
| Cash from financing | -285 Cr | -1,188 Cr | -236 Cr | -263 Cr | -86 Cr | -627 Cr | -969 Cr | -71 Cr | -211 Cr | -212 Cr |
| Net cash flow | 2 Cr | 18 Cr | -85 Cr | 126 Cr | -12 Cr | -9 Cr | -365 Cr | -6 Cr | -15 Cr | -2 Cr |
| Free cash flow (OCF − Capex) | 235 Cr | 450 Cr | 131 Cr | 177 Cr | 41 Cr | 140 Cr | 514 Cr | -46 Cr | 531 Cr | -129 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -1.7% | -34.4% | 15.1% | — | — | — | -11.1% | — | — | — |
| ROE % | -22.1% | -107.9% | — | — | — | — | — | — | — | — |
| Debtor days | 20 | 30 | 44 | 20 | 23 | 27 | 79 | 337 | 537 | 262 |
| Inventory days | 12 | 22 | 8 | 9 | 16 | 10 | 16 | 0 | 35 | 225 |
| Days payable | 69 | 89 | 80 | 106 | 202 | 104 | 268 | 465 | 1069 | 4926 |
| Cash conversion cycle | -36 | -37 | -28 | -78 | -163 | -67 | -173 | -128 | -497 | -4440 |
| OCF / EBITDA % | 72.3% | 197.9% | 48.9% | 80.7% | 313.6% | 222.8% | 1594.1% | — | — | — |
| OCF / EBITDA % (3 years) | — | — | 97.0% | 103.2% | 75.7% | 126.2% | 595.7% | 2153.9% | — | — |
| Debt / equity | 0.71 | 1.61 | — | — | — | — | — | — | — | — |
| Current ratio | 0.55 | 0.53 | 0.31 | 0.30 | 0.24 | 0.24 | 0.29 | 0.30 | 0.05 | 0.05 |
| Net debt / EBITDA | 4.86 | — | 5.85 | 7.41 | 55.72 | 61.66 | 83.13 | — | — | — |