Essar Shipping Limited

NSE: ESSARSHPNG · Unclassified

₹16.14-5.23%06 Nov 2026

Check figures: unusual quarterly results in SEP '24 (₹642.54 cr vs a typical ₹43.78 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.

Ask the data

Instant answers about Essar Shipping Limited — computed from its filings, no language model

Market cap₹334 cr

Current price₹16.14

High / Low₹41 / ₹15

P/E2.0

P/B—

Book value₹-91.3

ROE—

ROCE—

Debt / equity—

Dividend yield—

EPS (TTM)₹7.95

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	1,344	473	328	61	20	2
EBITDA	261	31	63	32	-67	-16
Operating margin	19.4%	6.5%	19.2%	53.1%	-331.0%	-897.8%
Interest	433	489	356	132	81	94
Depreciation	172	174	106	41	32	1
Profit before tax	-1,686	-620	-81	1,624	-105	-112
Tax	1	1	0	-26	-1	0
Net profit	-1,682	-620	-78	1,650	-119	-112
EPS ₹	-81.50	-29.98	-12.07	79.39	-10.71	-6.12
Operating cash flow	—	—	140	514	-46	-129
Capex	—	—	0	0	0	0
Dividend paid	—	—	0	0	0	0
Total assets	—	—	—	1,047	911	317
Equity	—	—	—	-2,742	-2,807	-2,073

Quarterly performance

last 27 quarters · ₹ crore

showing latest 8 of 27 periods

	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	386	382	232	148	132	102	91	147	145	22	15	16	17	47	15	11	4	3	3	3	148	3	0	0	0	0	0
Operating profit	71	80	9	55	19	-29	-13	20	52	-4	-5	9	7	24	10	3	-21	-17	-32	-9	-6	-8	-3	-0	-4	-3	-6
Operating margin	18.5%	20.9%	3.9%	36.9%	14.3%	-28.8%	-14.7%	13.9%	35.7%	-20.6%	-32.7%	59.8%	44.3%	50.5%	65.5%	23.2%	-492.0%	-640.7%	-1248.0%	-348.0%	-4.4%	-267.4%	-31800.0%	—	-9025.0%	-7475.0%	-13950.0%
Other income	51	6	88	1	1	1	31	8	37	72	108	9	32	90	14	38	8	6	11	9	100	69	0	0	32	0	0
Interest	106	124	114	106	137	111	135	110	101	74	71	68	75	175	-44	11	10	16	45	29	28	23	18	0	28	25	25
Depreciation	43	43	44	44	43	43	44	47	24	19	15	12	13	38	4	11	11	11	-0	0	0	0	0	0	0	0	0
Profit before tax	-26	-89	-1,545	-103	-159	-182	-177	-311	-7	6	232	-16	-60	1,248	378	26	-37	-41	-53	-35	639	39	-16	-1	-36	230	-30
Tax	0	0	0	0	0	0	0	0	0	0	0	0	-17	-26	-1	0	-1	0	0	0	0	0	0	0	0	0	0
Net profit	-28	-89	-1,538	-101	-159	-182	-179	-311	15	-8	225	-16	-41	1,287	364	26	-36	-44	-64	-35	643	40	-16	-1	-36	230	-30
EPS ₹	-1.27	-4.25	-74.38	-4.52	-7.72	-8.79	-8.54	-15.05	0.74	-2.27	11.45	-2.97	-3.34	59.33	15.18	2.13	-3.31	-3.77	-5.73	-3.07	34.32	1.92	-1.02	-4.26	-1.74	-11.13	-1.43
Revenue YoY	—	—	—	—	-65.8%	-73.3%	-60.7%	-1.0%	9.9%	-78.6%	-83.8%	-89.3%	-88.4%	116.1%	2.2%	-30.5%	-74.9%	-94.5%	-83.2%	-76.7%	3394.3%	19.0%	-100.0%	-100.0%	—	—	300.0%
Profit YoY	—	—	—	—	—	—	—	—	—	—	—	—	-363.8%	—	61.3%	—	—	-103.4%	-117.7%	-234.1%	—	—	-102.4%	-102.1%	—	—	—

Earlier results (standalone, Sep '11 – Jun '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Essar Shipping Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	1,488	874	791	729	664	643	492
Operating profit	338	130	144	125	220	74	27
Operating margin	22.7%	14.9%	18.2%	17.1%	33.1%	11.5%	5.5%
Other income	68	153	208	194	153	76	73
Interest	307	323	286	280	353	—	206
Depreciation	139	186	144	149	137	125	103
Profit before tax	-90	-220	-78	-110	-117	55	-1,610
Tax	3	9	4	3	3	3	1
Net profit	-93	-229	-83	-114	-119	52	-1,611

Quarters

showing latest 8 of 32 periods

	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†
Revenue	291	288	374	421	351	361	355	278	225	183	187	228	221	173	169	196	201	184	148	175	161	150	178	170	160	151	163	170	133	76	114	134
Operating profit	84	119	132	106	89	91	52	71	54	-5	11	53	20	-6	77	42	12	41	31	65	46	41	68	41	43	28	-38	-8	-17	19	33	44
Operating margin	28.9%	41.2%	35.4%	25.2%	25.4%	25.3%	14.6%	25.5%	23.9%	-2.9%	5.7%	23.5%	8.9%	-3.4%	45.5%	21.2%	6.0%	22.1%	20.7%	36.9%	28.4%	27.2%	38.4%	24.4%	26.6%	18.6%	-23.5%	-4.6%	-12.7%	24.8%	28.8%	32.8%
Other income	18	13	15	14	20	13	21	70	24	25	34	31	120	27	30	37	83	33	42	11	9	5	128	18	2	29	27	1	2	38	31	7
Interest	64	74	70	76	79	78	74	78	81	78	86	81	66	70	69	64	73	71	73	92	83	94	84	85	55	54	—	47	50	47	62	49
Depreciation	35	40	33	37	35	35	32	35	36	33	82	35	36	38	35	36	38	38	37	34	33	34	36	32	31	32	31	25	28	24	26	27
Profit before tax	2	18	43	7	-54	-10	-33	29	-40	-91	-117	-32	37	-87	3	-21	-16	-35	-38	-50	-61	-83	77	-57	-42	-28	182	-79	-92	-14	-1,425	-25
Tax	0	0	0	1	1	1	1	6	1	1	1	1	2	1	1	1	1	1	1	1	1	1	0	1	1	1	1	1	0	0	0	0
Net profit	2	18	43	6	-55	-10	-34	23	-41	-92	-119	-33	35	-88	3	-22	-17	-36	-38	-50	-62	-84	77	-58	-42	-29	181	-79	-93	-14	-1,425	-25
EPS ₹	0.10	0.87	2.09	0.70	-2.66	-0.51	-1.67	1.13	-2.02	-4.49	-5.79	-1.59	1.69	-4.28	0.13	-1.08	-0.83	-1.75	-1.87	-2.44	-2.86	-4.01	3.64	-2.77	-2.03	-1.38	8.72	-3.83	-4.48	-0.69	-68.86	-1.23
Revenue YoY	—	—	—	—	20.8%	25.3%	-5.1%	-33.9%	-35.8%	-49.2%	-47.4%	-18.0%	-1.8%	-5.5%	-9.7%	-14.1%	-9.1%	6.1%	-12.3%	-10.4%	-20.1%	-18.6%	20.6%	-3.2%	-0.5%	0.7%	-8.6%	-0.1%	-16.8%	-49.7%	-30.3%	-20.9%
Profit YoY	—	—	—	—	-2820.9%	-158.7%	-180.2%	271.4%	—	—	—	-241.1%	—	—	—	—	-149.3%	—	-1525.9%	—	—	—	—	—	—	—	135.6%	—	—	—	-889.2%	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 21 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '26	SEP '26
Net margin	-152.9%	-211.1%	-322.5%	-131.2%	-176.3%	-135.6%	-119.4%	-23.9%	110.1%	233.8%	1545.1%	1686.0%	1822.5%	2126.4%	945.4%	-583.3%	-1505.9%	321.3%	373.8%	198188.9%	137058.3%
EBITDA margin	18.7%	18.2%	8.7%	6.5%	-0.7%	6.1%	13.5%	19.2%	26.3%	10.9%	37.9%	53.3%	48.5%	19.8%	-76.1%	-328.6%	-655.0%	-40.9%	-35.4%	-10911.1%	-10183.3%
Interest coverage	-2.92	-2.94	-3.25	-0.27	-0.68	-0.48	-0.16	0.77	1.69	1.56	4.61	6.64	8.28	11.58	-47.45	-0.29	-0.68	5.34	5.75	3.53	3.11
Asset turnover	—	—	—	—	—	—	—	—	—	0.06	0.08	0.09	0.09	0.08	0.03	0.02	0.01	0.45	0.45	0.00	0.00

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 8 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	207	207	207	207	207	207	207	207
Other equity / reserves	-5,257	-2,949	-2,902	-3,014	-2,615	-2,578	-2,280	-2,096
Total equity	-5,050	-2,742	-2,695	-2,807	-2,408	-2,371	-2,073	-1,889
Borrowings	3,928	2,704	2,642	2,642	1,746	1,645	1,615	1,278
Current liabilities	4,302	3,272	3,198	2,962	1,409	1,145	858	1,012
Non-current liabilities	1,668	398	339	623	1,342	1,523	1,532	1,215
Total assets	1,196	1,047	961	911	343	297	317	338
Property, plant & equipment	91	58	37	26	26	33	44	47
Capital work-in-progress	0	0	0	0	0	208	228	245
Investments	2	2	0	0	0	0	0	0
Inventories	9	3	0	0	0	0	1	1
Receivables	33	13	15	19	114	14	1	2
Cash & equivalents	35	25	16	24	6	5	3	5

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY26
Cash from operations	140	514	-46	-129
Cash from investing	493	90	57	27
Cash from financing	-627	-969	-71	-212
Capex	0	0	0	0
Free cash flow	140	514	-46	-129
Dividends paid	0	0	0	0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹47 cr14%

CWIP

₹245 cr73%

Inventories

₹1 cr0%

Receivables

₹2 cr0%

Cash & equivalents

₹5 cr2%

Other assets

₹38 cr11%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Essar Shipping Limited	334	16.14	2.0	—	—

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-3.1%

6 months-37.1%

1 year-59.7%

3Y CAGR+2.4%

5Y CAGR+10.4%

10Y CAGR-5.7%

50-day avg₹16.31

200-day avg₹21.90

RSI (14)50

FAQs

What is the share price of Essar Shipping Limited?

Essar Shipping Limited (ESSARSHPNG) closed at ₹16.14 on NSE on 06 Nov 2026.

What is the market cap of Essar Shipping Limited?

₹334 crore at the latest close.

What is the P/E ratio of Essar Shipping Limited?

2.0, on trailing-twelve-month earnings from its filings.

How fast is Essar Shipping Limited growing?

Essar Shipping Limited: revenue has compounded at -82.4% a year over three years. Latest-quarter revenue is up 300.0% year on year.

How profitable is Essar Shipping Limited?

On a trailing-twelve-month basis operating margin -10,183.3%, net margin 137,058.3%.

How much debt does Essar Shipping Limited have?

Debt to equity isn't meaningful for Essar Shipping Limited (banks borrow as part of their business) or isn't filed yet.

Financials parsed from Essar Shipping Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.