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Swing Capital

Essar Shipping Ltd

NSE: ESSARSHPNG BSE: 533704Logistics

Incorporated in 2010, Essar Shipping Ltd is in the business of fleet operating and chartering activities and operates in international and coastal voyages[1]

₹23.7
52W: ₹21.6 — ₹43.3
PE 8.73 · Book ₹56.2 · -58% vs book
Market Cap₹491 Cr
Stock P/E8.73Price to Earnings
ROCE122%Return on Capital
ROE0%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company has delivered good profit growth of 18.3% CAGR over last 5 years

Weaknesses

  • −The company has delivered a poor sales growth of -48.0% over past five years.
  • −Contingent liabilities of Rs.740 Cr.
  • −Earnings include an other income of Rs.443 Cr.
  • −Company has high debtors of 276 days.

Shareholding Pattern

Promoters73.75%
FIIs0%
DIIs0.02%
Public26.22%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters73.75%73.75%73.75%73.75%73.75%73.75%73.75%73.75%
FIIs0.01%0%▼0.00%0.01%▲0.00%▼0.00%0%0%
DIIs0.02%0.02%0.03%▲0.00.03%0.02%▼0.00.02%0.02%0.02%
Public26.21%26.22%▲0.026.21%▼0.026.21%26.22%▲0.026.22%26.22%26.22%

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales5555655400
Expenses4775456312
Operating Profit0-2-2-120-12-1-2
OPM %2%-49%-53%-19%28%-2%-24%39%-11700%-5300%
Net Profit3-9-10514513658324298217
EPS ₹0.14-0.44-5.056.996.582.821.552.014.7110.5

AI Insights

Revenue Trend

TTM revenue at ₹9Cr, down 55% YoY. OPM at -30%.

Debt Position

Borrowings at ₹1,147Cr. Debt-to-equity ratio: N/Ax. High leverage — monitor closely.

Institutional Flow

DIIs: 0.02% (-0.01pp change). FIIs: 0% (+0.00pp change). Promoters hold 73.75%.

Margin & Efficiency

ROCE improving from 1% (Mar 2014) to 122% (Mar 2025). Working capital days: -3634.

Valuation

PE 8.73x with 122% ROCE. Price is -58% above book value of ₹56.2. Dividend yield: 0%.

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