Essar Shipping
Essar Shipping (ESSARSHPNG) share price was ₹14.69 at the 28 Oct 2026 close; market capitalisation ₹304 Cr; P/E (TTM) 3.35; sector Transport Services. The share price fell 59.7% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue was under ₹1 Cr, against ₹2 Cr a year earlier and net profit was ₹230 Cr, against ₹27 Cr a year earlier (compared with Jun 2025). Promoters held 73.75% of Essar Shipping in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 32/100 (Poor) as of 28 Oct 2026.
Key Fundamentals
MicrocapTransport ServicesServicesPrice-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Consolidated · TTM
Peer Comparison
Services › Transport Services › Shipping
| ₹1,559.90 | 5.94 | 22,270 Cr | 1.31 | 0.93% | 17.35% | 17.49% | 7,262 Cr | 3,747 Cr | |
| ₹840.30 | 85.74 | 13,690 Cr | 17.81 | 0.12% | 19.86% | 24.62% | 794 Cr | 159 Cr | |
| ₹244.50 | 7.04 | 11,389 Cr | 1.25 | 3.07% | 14.87% | 14.30% | 6,746 Cr | 1,618 Cr | |
| ₹1,585.80 | 15.70 | 4,032 Cr | 3.10 | 0.13% | 19.44% | 18.69% | 1,086 Cr | 259 Cr | |
| ₹290.30 | — | 713 Cr | 2.29 | 0.00% | 25.12% | 17.92% | — | — | |
| ₹158.22 | — | 347 Cr | 0.52 | 0.96% | -11.14% | -4.89% | 628 Cr | -36 Cr | |
| ₹14.69 | 3.35 | 304 Cr | — | 0.00% | 5.41% | 3.33% | 425 Cr | 90 Cr | |
| Median 7 companies | ₹290.30 | 7.04 | 4,032 Cr | 1.80 | 0.13% | 17.35% | 17.49% | 940 Cr | 209 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
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Category scores
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Key Insights
Weaknesses
5- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -67.2% over past five years.
- Contingent liabilities of Rs.363 Cr.
- Earnings include an other income of Rs.209 Cr.
- Company has high debtors of 262 days.
Technical Indicators
Oscillators
Neutral
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin -7,475% · Jun 2026
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11 | 12 | 3 | 3 | 3 | 148 | 3 | -143 | 2 | 0 | 0 | 0 | 0 |
| Expenses | 8 | 25 | 19 | 34 | 7 | 154 | 11 | -113 | 6 | 3 | 5 | 4 | 3 |
| Operating Profit | 3 | -13 | -17 | -32 | -4 | -6 | -8 | -30 | -5 | -3 | -4 | -4 | -3 |
| OPM % | 23% | -113% | -641% | -1248% | -175% | -4.4% | -267% | — | -279% | -31800% | -11175% | -9050% | -7475% |
| Other Income | 46 | -3 | 2 | 23 | -1 | 677 | 70 | 64 | 48 | 6 | -50 | -4 | 258 |
| Interest | 11 | 10 | 16 | 45 | 29 | 28 | 23 | 21 | 16 | 18 | 33 | 28 | 25 |
| Depreciation | 11 | 11 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 26 | -37 | -41 | -53 | -35 | 642 | 39 | 13 | 27 | -16 | -88 | -36 | 230 |
| Tax % | 0% | -2% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | 26 | -36 | -41 | -53 | -35 | 642 | 40 | 13 | 27 | -16 | -88 | -36 | 230 |
| EPS (₹) | 1.26 | -1.74 | -2.12 | -3.11 | -1.69 | 31.04 | 1.92 | 0.62 | 1.32 | -0.76 | -4.26 | -1.72 | 11.13 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,911 | 1,720 | 2,194 | 1,208 | 1,309 | 1,344 | 472 | 328 | 61 | 20 | 10 | 2 | 0 |
| Expenses | 1,684 | 1,441 | 1,815 | 962 | 977 | 1,084 | 442 | 265 | 28 | 87 | 60 | 18 | 14 |
| Operating Profit | 227 | 279 | 379 | 246 | 332 | 261 | 30 | 63 | 32 | -67 | -50 | -16 | -14 |
| OPM % | 12% | 16% | 17% | 20% | 25% | 19% | 6% | 19% | 53% | -331% | -483% | -898% | -10969% |
| Other Income | 243 | 199 | -69 | -1,201 | -3,430 | -1,342 | 13 | 319 | 1,764 | 75 | 807 | -1 | 209 |
| Interest | 477 | 542 | 467 | 387 | 396 | 433 | 489 | 356 | 132 | 81 | 101 | 94 | 103 |
| Depreciation | 424 | 464 | 390 | 304 | 282 | 172 | 174 | 106 | 41 | 32 | 1 | 1 | 1 |
| PBT | -432 | -528 | -547 | -1,646 | -3,776 | -1,686 | -620 | -81 | 1,624 | -105 | 657 | -112 | 91 |
| Tax % | 6% | 4% | 7% | 0% | 0% | 0% | 0% | 0% | -2% | -1% | 0% | 0% | — |
| Net Profit | -459 | -550 | -583 | -1,685 | -3,771 | -1,687 | -621 | -78 | 1,650 | -104 | 660 | -112 | 91 |
| EPS (₹) | -22.36 | -26.58 | -28.19 | -80.44 | -182 | -81.24 | -29.97 | -3.79 | 79.73 | -5.71 | 31.89 | -5.41 | 4.39 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 205 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 | 207 |
| Reserves | 6,675 | 3,126 | 2,428 | 1,163 | -2,117 | -4,428 | -5,020 | -5,121 | -2,949 | -3,014 | -2,587 | -2,280 |
| Borrowings | 5,142 | 5,324 | 5,613 | 4,628 | 4,771 | 4,641 | 4,599 | 3,912 | 2,704 | 2,642 | 1,631 | 1,615 |
| Other Liabilities | 1,430 | 1,506 | 1,248 | 1,647 | 1,701 | 1,925 | 2,298 | 2,171 | 1,085 | 1,076 | 1,048 | 775 |
| Total Liabilities | 13,452 | 10,163 | 9,496 | 7,645 | 4,563 | 2,345 | 2,084 | 1,170 | 1,047 | 911 | 300 | 317 |
| Fixed Assets | 9,814 | 6,449 | 5,835 | 5,253 | 3,149 | 1,003 | 884 | 112 | 58 | 26 | 27 | 44 |
| CWIP | 78 | 79 | 137 | 78 | 11 | 11 | 16 | 0 | 0 | 0 | 180 | 228 |
| Investments | 63 | 0 | 37 | 0 | 42 | 0 | 6 | 40 | 38 | 0 | 0 | 0 |
| Other Assets | 3,497 | 3,635 | 3,487 | 2,314 | 1,361 | 1,332 | 1,178 | 1,018 | 951 | 885 | 92 | 45 |
| Total Assets | 13,452 | 10,163 | 9,496 | 7,645 | 4,563 | 2,345 | 2,084 | 1,170 | 1,047 | 911 | 300 | 317 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 559 | 345 | 274 | 487 | 157 | 210 | 97 | 140 | 514 | -46 | 531 | -130 |
| Investing | 379 | 26 | 13 | 719 | 64 | 75 | -22 | 478 | 463 | 111 | -335 | 340 |
| Financing | -961 | -374 | -285 | -1,188 | -236 | -263 | -86 | -627 | -969 | -71 | -211 | -212 |
| Net Cash Flow | -23 | -2 | 2 | 18 | -15 | 22 | -12 | -9 | 7 | -6 | -15 | -2 |
| Free Cash Flow | 721 | 371 | 306 | 677 | 196 | 177 | 41 | 551 | 560 | -47 | 351 | -177 |
| CFO/OP | 248 | 140 | 75 | 201 | 53 | 88 | 129 | 200 | 1,465 | 71 | -1,081 | 820 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 71 | 20 | 30 | 43 | 20 | 23 | 27 | 79 | 337 | 538 | 262 |
| Cash Conversion Cycle | 58 | 71 | 20 | 30 | 43 | 20 | 23 | 27 | 79 | 337 | 538 | 262 |
| Working Capital Days | -152 | -52 | -458 | -631 | -835 | -831 | -2,899 | -3,503 | -14,147 | -37,890 | -42,427 | -1,68,511 |
| ROCE % | 0% | 0% | 1% | 0% | 2% | 13% | -30% | — | — | -208% | — | — |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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58 extracted metrics + investor summaries across FY10–FY27.
Documents
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Company Information
Incorporated in 2010, Essar Shipping Ltd is in the business of fleet operating and chartering activities and operates in international and coastal voyages[1]
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