ESSARSHPNGServices

Essar Shipping Limited

Shipping · ISIN INE122M01019 · BSE 533704 · NSE EQ · FV ₹10
Last price
₹16
+3.93%today
What this company does

Essar Shipping Limited operates in Shipping, part of the Services sector. It booked ₹4 L of revenue in its latest quarter (Q1 FY27). It is the 6th largest of 6 Shipping companies we track, by market value.

In the report:
47out of 100
Equitytale Health Score
Mixed

Healthier than 47% of companies in Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 75–116 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
39

At close. Not part of the score.

Balance sheet47

How much it owes, and whether earnings cover the interest

Cash quality46

Whether reported profit actually arrives as cash

Growth & consistency10

Whether sales and profit have grown, and how steadily

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: profitability & returns, valuation. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 742% vs last year
Promoters hold 74%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Sales down 98% vs last year

What if I invest in ESSARSHPNG?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹16 +3.93%
latest close · 2026-09-17
1-year return
+65.5%
52-wk low ₹752-wk high ₹21
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio0.4Low
LowAverageHigh
EV / EBITDA1.9Low
LowAverageHigh
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Interest cover10.3×Strong
RiskyOkayStrong ▸5×
Current ratio0.05Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹334 cr
Book value
₹-100
EPS
₹11.13
latest quarter
Net debt
₹1,613 cr
owes more than its cash
Enterprise value
₹1,947 cr
EBITDA
₹1,021 cr
annualised
EBIT
₹1,020 cr
annualised
Operating margin
Return on assets
290.7%
Earnings yield
275.84%
P/S
2,087.91
Sales / share
₹0.0
Tax rate
0.0%
Face value
₹10
Shares
20.7 cr
Working capital
₹-819 cr
Current assets
₹40 cr
Current liabilities
₹858 cr
Delivery %
66.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹14₹14, midpoint ₹14

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹4 L
Other Income₹27 L
Total Income₹31 L
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹2 cr
Finance Costs₹25 cr
Depreciation & Amortisation₹20 L
Other Expenses₹1 cr
Total Expenses₹28 cr
Exceptional Items₹258 cr
Profit before Tax₹230 cr
Tax Expense₹0 cr
Net Profit₹230 cr
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹2 cr0.7%
Finance costs₹25 cr9.6%
Depreciation & amortisation₹20 L0.1%
Other expenses₹1 cr0.5%
Profit for the period₹230 cr89.2%
Total income ₹31 Ladds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue0.04 L4 L4 L
Total income16.6 L32 cr31 L
Expenses37.8 L31 cr28 cr
Profit before tax-88.2 L-36 cr230 cr
Tax0 cr0 cr0 cr
Net profit (owners' share)-82.4 L-36 cr230 cr
Net margin (owners' share, on revenue)
EPS (₹)-4.26-0.0211.13
YoY (latest quarter): total income -99.4% · net profit +742.1%
Balance sheet & cash flow · as of Mar 2026
Total assets
₹317 cr
Shareholder equity
₹-2,073 cr
parent shareholders
Total debt
₹1,615 cr
Cash
₹3 cr
Cash flow · H1 FY26
Operating
₹6 cr
Investing
₹52 cr
Financing
₹-57 cr
Peer comparison
Shipping · by market value
CompanyPriceMarket capP/E
The Great Eastern Shipping Company Limited₹1,425₹20,346 cr3.9
Shipping Corporation Of India Limited₹270₹12,577 cr5.1
Shreeji Shipping Global Limited₹691₹11,258 cr63.5
Seamec Limited₹1,739₹4,421 cr13.6
TRANSWORLD SHIPPING LINES LIMITED₹164₹361 cr3.1
Essar Shipping Limitedthis company₹16₹334 cr0.4
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
73.8%
FII / Foreign
0.1%
DII / Domestic
0.0%
Retail / others
26.2%
Smart-money activity
Insider trades
SoldIDH International Drilling Holdco Limited, Cyprus (f.k.a., Essar Shipping & Logistics Limited) · Promoter Group2.14 cr · ₹21.4 cr24 Dec 25
BoughtEssar Shipping Mauritius Holdings Limited, Mauritius (f.k.a., Essar Africa Steel Holdings Limited) · Promoter Group2.14 cr · ₹21.4 cr24 Dec 25
BoughtIDH International Drilling Holdco Limited, Cyprus · Promoters2.14 cr · ₹21.4 cr12 Oct 25
Bulk / block deals
SoldMULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED · NSE14.55 L @ ₹34.1821 Dec 23
BoughtMULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED · NSE14.55 L @ ₹33.5121 Dec 23
SoldMULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED · NSE12.00 L @ ₹38.9520 Dec 23
Stake changes
SoldIDH International Drilling Holdco Limited · promoter→ 0.00% · 2.14 cr24 Dec 25
BoughtEssar Shipping Mauritius Holdings Limited, Mauritius · promoter→ 71.03% · 2.14 cr24 Dec 25
SoldIDH International Drilling Holdco Limited · promoter→ 0.00% · 2.14 cr24 Dec 25
Promoter pledges
ReleasedEnergy II Limited (the entity in favour of which these Shares were earlier pledged, have not been released)2.14 cr · 10.34% held10 Dec 25
ReleasedEnergy II Limited (the entity in favour of which these Shares were earlier pledged, have not been released)2.14 cr · 10.34% held10 Dec 25
PledgedEnergy II Limited2.14 cr · 0.00% held25 Mar 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 26 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year Ended on March 31, 2025 together with the Reports of the Board of Directors and Auditors thereon
Backed by 95% of shareholders other than promotersneeded 50%
64.41 L votes for, 3.10 L against
2
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year Ended on March 31, 2025 together with the Reports of Auditors thereon
Backed by 95% of shareholders other than promotersneeded 50%
64.41 L votes for, 3.10 L against
3
To re-appoint Ms. Raichel Mathew (DIN:09625593), as a Non-Executive Director, who retires by rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers herself for re-appointment
Backed by 95% of shareholders other than promotersneeded 50%
64.41 L votes for, 3.11 L against
4
To appoint M/s. Manohar Chowdhry & Associates, Chartered Accountants (Firm Registration No. 01997S) as Statutory Auditors of the Company to hold office from the conclusion of the ensuing Annual General Meeting until the conclusion of the Annual General Meeting of FY 2029-30 and to fix their remuneration
Backed by 95% of shareholders other than promotersneeded 50%
64.41 L votes for, 3.11 L against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 3 named members
owning 73.8% between them · as of 2026-06-30
ESSAR SHIPPING MAURITIUS HOLDINGS LIMITED70.43%
Imperial Consultants and Securities Private Limited3.32%
ESSAR INVESTMENT HOLDINGS MAURITIUS LIMITEDno shares
Business done with them
FY2025 · 2 of the group
The company paid ₹549 cr to companies in the promoter group last year — about 5352.8% of its ₹10 cr revenue and received ₹10 cr back from them.
IDH International Drilling Holdco Limited
Other payments to them · Loans and advances payable/repaid
₹534 cr
company paid
Essar Investment Holdings Mauritius Limited
Contribution made to them · Revenue from operations, Reimbursement of Expenses, Essar Investment Holdings Mauritius Limited, Trade receivables, Loans and advances payable
₹15 cr
company paid
Essar Investment Holdings Mauritius Limited
Sold goods to them · Revenue from operations, Reimbursement of Expenses, Essar Investment Holdings Mauritius Limited, Trade receivables, Loans and advances payable
₹10 cr
company received
Essar Investment Holdings Mauritius Limited
Other income from them · Revenue from operations, Reimbursement of Expenses, Essar Investment Holdings Mauritius Limited, Trade receivables, Loans and advances payable
₹29 L
company received

The company also transacted with 15 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.