Essar Shipping Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 4, 2025, 11:46 am

Market Cap	529 Cr.
Current Price	25.5
High / Low	71.6/21.2
Stock P/E	31.2
Book Value	116
Dividend Yield	0.00 %
ROCE	208 %
ROE	%
Face Value	10.0
PEG Ratio	0.25

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Essar Shipping Ltd

Competitors of Essar Shipping Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Chowgule Steamships Ltd	94.2 Cr.	26.0	36.5/19.4	269	15.7	0.00 %	3.05 %	%	10.0
Great Eastern Shipping Company Ltd (GESHIP)	13,060 Cr.	915	1,544/797	5.48	945	3.15 %	18.5 %	21.0 %	10.0
Shreyas Shipping & Logistics Ltd	782 Cr.	356	440/230		349	0.00 %	3.91 %	11.3 %	10.0
Shipping Corporation of India Ltd	7,788 Cr.	167	385/138	8.04	173	0.29 %	7.68 %	8.75 %	10.0
SEAMEC Ltd	2,547 Cr.	1,002	1,670/780	27.9	379	0.10 %	12.5 %	13.8 %	10.0
Industry Average	4,157.17 Cr	368.79		68.32	287.23	0.51%	37.03%	15.57%	10.00

All Competitor Stocks of Essar Shipping Ltd

Quarterly Result

Metric	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Sales	91	147	145	22	15	16	17	14	14	11	4	3	3
Expenses	104	126	93	26	20	6	9	8	5	8	25	19	34
Operating Profit	-13	20	52	-4	-5	9	7	7	9	3	-21	-17	-32
OPM %	-14%	14%	36%	-21%	-33%	60%	44%	48%	62%	23%	-492%	-641%	-1,248%
Other Income	17	-174	66	103	323	55	21	1,361	328	46	4	2	23
Interest	136	110	101	74	71	68	75	32	-44	11	10	16	45
Depreciation	44	47	24	19	15	12	13	13	4	11	11	11	-0
Profit before tax	-177	-311	-7	6	232	-16	-60	1,323	376	26	-37	-41	-53
Tax %	0%	0%	1%	0%	0%	0%	-28%	-1%	-0%	0%	-2%	0%	0%
Net Profit	-177	-311	15	-8	226	-16	-40	1,343	363	26	-36	-41	-53
EPS in Rs	-8.65	-15.05	0.74	-0.38	10.89	-0.76	-1.96	64.89	17.56	1.26	-1.74	-2.12	-3.11

Last Updated: Unknown

Below is a detailed analysis of the quarterly data for Essar Shipping Ltd based on the most recent figures (Mar 2024) and their trends compared to the previous period:

For Sales, as of Mar 2024, the value is ₹3.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2023) which recorded 3.00 Cr..
For Expenses, as of Mar 2024, the value is ₹34.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 19.00 Cr. (Dec 2023) to ₹34.00 Cr., marking an increase of 15.00 Cr..
For Operating Profit, as of Mar 2024, the value is ₹-32.00 Cr.. The value appears to be declining and may need further review. It has decreased from -17.00 Cr. (Dec 2023) to ₹-32.00 Cr., marking a decrease of 15.00 Cr..
For OPM %, as of Mar 2024, the value is -1,248.00%. The value appears to be declining and may need further review. It has decreased from -641.00% (Dec 2023) to -1,248.00%, marking a decrease of 607.00%.
For Other Income, as of Mar 2024, the value is ₹23.00 Cr.. The value appears strong and on an upward trend. It has increased from 2.00 Cr. (Dec 2023) to ₹23.00 Cr., marking an increase of 21.00 Cr..
For Interest, as of Mar 2024, the value is ₹45.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 16.00 Cr. (Dec 2023) to ₹45.00 Cr., marking an increase of 29.00 Cr..
For Depreciation, as of Mar 2024, the value is ₹0.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 11.00 Cr. (Dec 2023) to ₹0.00 Cr., marking a decrease of 11.00 Cr..
For Profit before tax, as of Mar 2024, the value is ₹-53.00 Cr.. The value appears to be declining and may need further review. It has decreased from -41.00 Cr. (Dec 2023) to ₹-53.00 Cr., marking a decrease of 12.00 Cr..
For Tax %, as of Mar 2024, the value is 0.00%. The value remains steady. There is no change compared to the previous period (Dec 2023) which recorded 0.00%.
For Net Profit, as of Mar 2024, the value is ₹-53.00 Cr.. The value appears to be declining and may need further review. It has decreased from -41.00 Cr. (Dec 2023) to ₹-53.00 Cr., marking a decrease of 12.00 Cr..
For EPS in Rs, as of Mar 2024, the value is -3.11. The value appears to be declining and may need further review. It has decreased from -2.12 (Dec 2023) to -3.11, marking a decrease of 0.99.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:22 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	3,209	1,859	1,911	1,720	2,194	1,208	1,309	1,344	472	328	61	20	156
Expenses	2,433	1,308	1,684	1,441	1,815	962	977	1,084	442	265	28	87	207
Operating Profit	776	550	227	279	379	246	332	261	30	63	32	-67	-51
OPM %	24%	30%	12%	16%	17%	20%	25%	19%	6%	19%	53%	-331%	-33%
Other Income	39	128	243	199	-69	-1,201	-3,430	-1,342	13	319	1,764	75	770
Interest	366	399	477	542	467	387	396	433	489	356	132	81	124
Depreciation	369	478	424	464	390	304	282	172	174	106	41	32	0
Profit before tax	80	-199	-432	-528	-547	-1,646	-3,776	-1,686	-620	-81	1,624	-105	594
Tax %	55%	23%	6%	4%	7%	0%	0%	0%	0%	0%	-2%	-1%
Net Profit	36	-244	-459	-550	-583	-1,685	-3,771	-1,687	-621	-78	1,650	-104	594
EPS in Rs	1.74	-11.88	-22.36	-26.58	-28.19	-80.44	-182.40	-81.24	-29.97	-3.79	79.73	-5.71	28.16
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-777.78%	-88.11%	-19.83%	-6.00%	-189.02%	-123.80%	55.26%	63.19%	87.44%	2215.38%	-106.30%
Change in YoY Net Profit Growth (%)	0.00%	689.66%	68.29%	13.83%	-183.02%	65.22%	179.06%	7.93%	24.25%	2127.95%	-2321.69%

Essar Shipping Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	-36%
5 Years:	-57%
3 Years:	-65%
TTM:	300%

Compounded Profit Growth
10 Years:	4%
5 Years:	9%
3 Years:	21%
TTM:	833%

Stock Price CAGR
10 Years:	1%
5 Years:	38%
3 Years:	43%
1 Year:	0%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:41 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	205	205	205	207	207	207	207	207	207	207	207	207	207
Reserves	6,563	6,884	6,675	3,126	2,428	1,163	-2,117	-4,428	-5,020	-5,121	-2,949	-3,014	-2,615
Borrowings	5,296	5,625	5,142	5,324	5,613	4,628	4,771	4,641	4,599	3,912	2,704	2,642	1,746
Other Liabilities	1,360	1,329	1,430	1,506	1,248	1,647	1,701	1,925	2,298	2,171	1,085	1,076	1,005
Total Liabilities	13,424	14,043	13,452	10,163	9,496	7,645	4,563	2,345	2,084	1,170	1,047	911	343
Fixed Assets	9,380	9,817	9,814	6,449	5,835	5,253	3,149	1,003	884	112	58	26	26
CWIP	1,736	92	78	79	137	78	11	11	16	0	0	0	0
Investments	0	63	63	0	37	0	42	0	6	40	38	0	0
Other Assets	2,308	4,071	3,497	3,635	3,487	2,314	1,361	1,332	1,178	1,018	951	885	317
Total Assets	13,424	14,043	13,452	10,163	9,496	7,645	4,563	2,345	2,084	1,170	1,047	911	343

Below is a detailed analysis of the balance sheet data for Essar Shipping Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹207.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 207.00 Cr..
For Reserves, as of Sep 2024, the value is ₹-2,615.00 Cr.. The value appears to be improving (becoming less negative). It has improved from -3,014.00 Cr. (Mar 2024) to ₹-2,615.00 Cr., marking an improvement of 399.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹1,746.00 Cr.. The value appears to be improving (decreasing). However, Reserves are negative, which is a major warning sign. It has decreased from 2,642.00 Cr. (Mar 2024) to ₹1,746.00 Cr., marking a decrease of 896.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹1,005.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,076.00 Cr. (Mar 2024) to ₹1,005.00 Cr., marking a decrease of 71.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹343.00 Cr.. The value appears to be improving (decreasing). It has decreased from 911.00 Cr. (Mar 2024) to ₹343.00 Cr., marking a decrease of 568.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹26.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 26.00 Cr..
For CWIP, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹317.00 Cr.. The value appears to be declining and may need further review. It has decreased from 885.00 Cr. (Mar 2024) to ₹317.00 Cr., marking a decrease of 568.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹343.00 Cr.. The value appears to be declining and may need further review. It has decreased from 911.00 Cr. (Mar 2024) to ₹343.00 Cr., marking a decrease of 568.00 Cr..

However, the Borrowings (1,746.00 Cr.) are higher than the Reserves (₹-2,615.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	1,205	396	559	345	274	487	157	210	97	140	514	-46
Cash from Investing Activity +	-98	239	379	26	13	719	64	75	-22	478	463	111
Cash from Financing Activity +	-1,075	-606	-961	-374	-285	-1,188	-236	-263	-86	-627	-969	-71
Net Cash Flow	32	29	-23	-2	2	18	-15	22	-12	-9	7	-6

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	771.00	545.00	222.00	274.00	374.00	242.00	328.00	257.00	26.00	60.00	30.00	-69.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	45	67	58	71	20	30	43	20	23	27	79	337
Inventory Days
Days Payable
Cash Conversion Cycle	45	67	58	71	20	30	43	20	23	27	79	337
Working Capital Days	23	289	-106	57	-277	-496	-835	-831	-691	-1,020	-275	-1,476
ROCE %	4%	2%	0%	0%	1%	0%	2%	13%	-30%			-208%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	74.37%	74.37%	74.37%	74.37%	74.37%	74.37%	74.37%	74.37%	73.75%	73.75%	73.75%	73.75%
FIIs	8.89%	6.77%	0.12%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.04%	0.01%
DIIs	0.02%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%	0.02%	0.02%
Public	16.72%	18.83%	25.48%	25.48%	25.59%	25.61%	25.60%	25.60%	26.22%	26.22%	26.19%	26.21%
No. of Shareholders	89,091	92,150	1,04,137	1,04,802	1,06,447	1,05,689	1,05,366	1,05,303	1,02,708	1,08,331	1,12,595	1,23,972

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-5.04	79.74	-3.77	-29.98	-81.50
Diluted EPS (Rs.)	-5.04	79.74	-3.77	-29.98	-81.50
Cash EPS (Rs.)	-3.49	81.72	1.20	-21.59	-73.18
Book Value[Excl.RevalReserv]/Share (Rs.)	-135.63	-126.76	-224.46	-219.79	-191.32
Book Value[Incl.RevalReserv]/Share (Rs.)	-135.63	-126.76	-224.46	-219.79	-191.32
Revenue From Operations / Share (Rs.)	0.97	2.93	15.86	22.85	64.94
PBDIT / Share (Rs.)	-0.22	6.58	13.90	3.18	19.84
PBIT / Share (Rs.)	-1.77	4.59	8.79	-5.21	11.52
PBT / Share (Rs.)	-5.08	78.45	-3.90	-29.95	-81.44
Net Profit / Share (Rs.)	-5.04	79.73	-3.91	-29.98	-81.50
NP After MI And SOA / Share (Rs.)	-5.71	79.73	-3.79	-29.97	-81.24
PBDIT Margin (%)	-22.82	224.41	87.65	13.93	30.55
PBIT Margin (%)	-181.32	156.60	55.39	-22.79	17.74
PBT Margin (%)	-519.51	2676.36	-24.59	-131.05	-125.41
Net Profit Margin (%)	-515.41	2719.97	-24.67	-131.18	-125.49
NP After MI And SOA Margin (%)	-583.49	2719.97	-23.90	-131.15	-125.09
Return on Networth / Equity (%)	0.00	-60.18	0.00	0.00	0.00
Return on Capital Employeed (%)	1.78	-4.26	-6.12	3.84	-12.01
Return On Assets (%)	-12.96	157.68	-6.70	-29.76	-71.69
Long Term Debt / Equity (X)	-0.22	-0.14	-0.34	-0.36	-0.46
Total Debt / Equity (X)	-0.94	-0.98	-0.79	-0.36	-0.46
Asset Turnover Ratio (%)	0.02	0.05	0.11	0.08	0.17
Current Ratio (X)	0.29	0.28	0.24	0.24	0.30
Quick Ratio (X)	0.29	0.28	0.24	0.23	0.29
Interest Coverage Ratio (X)	-0.05	1.03	0.80	0.13	0.94
Interest Coverage Ratio (Post Tax) (X)	-0.44	0.92	0.50	-0.22	0.54
Enterprise Value (Cr.)	3183.49	2962.79	4307.37	2141.86	2304.09
EV / Net Operating Revenue (X)	157.29	48.83	13.12	4.53	1.71
EV / EBITDA (X)	-689.07	21.76	14.97	32.49	5.61
MarketCap / Net Operating Revenue (X)	21.33	2.73	0.47	0.34	0.08
Price / BV (X)	-0.15	-0.06	-0.03	-0.03	-0.02
Price / Net Operating Revenue (X)	21.35	2.73	0.47	0.34	0.08
EarningsYield	-0.27	9.95	-0.50	-3.82	-15.02

After reviewing the key financial ratios for Essar Shipping Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is -5.04. This value is below the healthy minimum of 5. It has decreased from 79.74 (Mar 23) to -5.04, marking a decrease of 84.78.
For Diluted EPS (Rs.), as of Mar 24, the value is -5.04. This value is below the healthy minimum of 5. It has decreased from 79.74 (Mar 23) to -5.04, marking a decrease of 84.78.
For Cash EPS (Rs.), as of Mar 24, the value is -3.49. This value is below the healthy minimum of 3. It has decreased from 81.72 (Mar 23) to -3.49, marking a decrease of 85.21.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is -135.63. It has decreased from -126.76 (Mar 23) to -135.63, marking a decrease of 8.87.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is -135.63. It has decreased from -126.76 (Mar 23) to -135.63, marking a decrease of 8.87.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 0.97. It has decreased from 2.93 (Mar 23) to 0.97, marking a decrease of 1.96.
For PBDIT / Share (Rs.), as of Mar 24, the value is -0.22. This value is below the healthy minimum of 2. It has decreased from 6.58 (Mar 23) to -0.22, marking a decrease of 6.80.
For PBIT / Share (Rs.), as of Mar 24, the value is -1.77. This value is below the healthy minimum of 0. It has decreased from 4.59 (Mar 23) to -1.77, marking a decrease of 6.36.
For PBT / Share (Rs.), as of Mar 24, the value is -5.08. This value is below the healthy minimum of 0. It has decreased from 78.45 (Mar 23) to -5.08, marking a decrease of 83.53.
For Net Profit / Share (Rs.), as of Mar 24, the value is -5.04. This value is below the healthy minimum of 2. It has decreased from 79.73 (Mar 23) to -5.04, marking a decrease of 84.77.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is -5.71. This value is below the healthy minimum of 2. It has decreased from 79.73 (Mar 23) to -5.71, marking a decrease of 85.44.
For PBDIT Margin (%), as of Mar 24, the value is -22.82. This value is below the healthy minimum of 10. It has decreased from 224.41 (Mar 23) to -22.82, marking a decrease of 247.23.
For PBIT Margin (%), as of Mar 24, the value is -181.32. This value is below the healthy minimum of 10. It has decreased from 156.60 (Mar 23) to -181.32, marking a decrease of 337.92.
For PBT Margin (%), as of Mar 24, the value is -519.51. This value is below the healthy minimum of 10. It has decreased from 2,676.36 (Mar 23) to -519.51, marking a decrease of 3,195.87.
For Net Profit Margin (%), as of Mar 24, the value is -515.41. This value is below the healthy minimum of 5. It has decreased from 2,719.97 (Mar 23) to -515.41, marking a decrease of 3,235.38.
For NP After MI And SOA Margin (%), as of Mar 24, the value is -583.49. This value is below the healthy minimum of 8. It has decreased from 2,719.97 (Mar 23) to -583.49, marking a decrease of 3,303.46.
For Return on Networth / Equity (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 15. It has increased from -60.18 (Mar 23) to 0.00, marking an increase of 60.18.
For Return on Capital Employeed (%), as of Mar 24, the value is 1.78. This value is below the healthy minimum of 10. It has increased from -4.26 (Mar 23) to 1.78, marking an increase of 6.04.
For Return On Assets (%), as of Mar 24, the value is -12.96. This value is below the healthy minimum of 5. It has decreased from 157.68 (Mar 23) to -12.96, marking a decrease of 170.64.
For Long Term Debt / Equity (X), as of Mar 24, the value is -0.22. This value is below the healthy minimum of 0.2. It has decreased from -0.14 (Mar 23) to -0.22, marking a decrease of 0.08.
For Total Debt / Equity (X), as of Mar 24, the value is -0.94. This value is within the healthy range. It has increased from -0.98 (Mar 23) to -0.94, marking an increase of 0.04.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.02. It has decreased from 0.05 (Mar 23) to 0.02, marking a decrease of 0.03.
For Current Ratio (X), as of Mar 24, the value is 0.29. This value is below the healthy minimum of 1.5. It has increased from 0.28 (Mar 23) to 0.29, marking an increase of 0.01.
For Quick Ratio (X), as of Mar 24, the value is 0.29. This value is below the healthy minimum of 1. It has increased from 0.28 (Mar 23) to 0.29, marking an increase of 0.01.
For Interest Coverage Ratio (X), as of Mar 24, the value is -0.05. This value is below the healthy minimum of 3. It has decreased from 1.03 (Mar 23) to -0.05, marking a decrease of 1.08.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is -0.44. This value is below the healthy minimum of 3. It has decreased from 0.92 (Mar 23) to -0.44, marking a decrease of 1.36.
For Enterprise Value (Cr.), as of Mar 24, the value is 3,183.49. It has increased from 2,962.79 (Mar 23) to 3,183.49, marking an increase of 220.70.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 157.29. This value exceeds the healthy maximum of 3. It has increased from 48.83 (Mar 23) to 157.29, marking an increase of 108.46.
For EV / EBITDA (X), as of Mar 24, the value is -689.07. This value is below the healthy minimum of 5. It has decreased from 21.76 (Mar 23) to -689.07, marking a decrease of 710.83.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 21.33. This value exceeds the healthy maximum of 3. It has increased from 2.73 (Mar 23) to 21.33, marking an increase of 18.60.
For Price / BV (X), as of Mar 24, the value is -0.15. This value is below the healthy minimum of 1. It has decreased from -0.06 (Mar 23) to -0.15, marking a decrease of 0.09.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 21.35. This value exceeds the healthy maximum of 3. It has increased from 2.73 (Mar 23) to 21.35, marking an increase of 18.62.
For EarningsYield, as of Mar 24, the value is -0.27. This value is below the healthy minimum of 5. It has decreased from 9.95 (Mar 23) to -0.27, marking a decrease of 10.22.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Essar Shipping Ltd as of April 4, 2025 is: 442.99

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 4, 2025, Essar Shipping Ltd is Undervalued by 1,637.22% compared to the current share price 25.50

Default values used*: Default value of 15% for ROE is used

Intrinsic Value of Essar Shipping Ltd as of April 4, 2025 is: 1,001.74

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 4, 2025, Essar Shipping Ltd is Undervalued by 3,828.39% compared to the current share price 25.50

Default values used*: Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 126.13%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -262.00, which is a positive sign.	The stock has a low average ROCE of -18.00%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 68.33, which may not be favorable. The company has higher borrowings (4,357.15) compared to reserves (121.15), which may suggest financial risk. The company has not shown consistent growth in sales (80.62) and profit (-141.69).

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Essar Shipping Ltd:
1. Net Profit Margin: -515.41%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 1.78% (Industry Average ROCE: 37.03%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 0% (Industry Average ROE: 11.12%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): -0.44
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.29
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 31.2 (Industry average Stock P/E: 48.8)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: -0.94
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Essar Shipping Ltd. is a Public Limited Listed company incorporated on 16/04/2010 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L61200GJ2010PLC060285 and registration number is 060285. Currently company belongs to the Industry of Shipping. Company's Total Operating Revenue is Rs. 15.76 Cr. and Equity Capital is Rs. 206.98 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Shipping	EBTSL Premises, ER-2 Building (Admin Building), Devbhumi Dwarka Dist. Gujarat 361305	esl.secretarial@essar.co.in http://www.essar.com

Management
Name	Position Held
Mr. R Suresh	Chairman & Ind.Dire (Non-Exe)
Mr. Vipin Jain	Executive Director
Mr. Rajesh Desai	Executive Director
Mr. Sunil Modak	Ind. Non-Executive Director
Mr. R Jayakumar	Ind. Non-Executive Director
Ms. Raichel Mathew	Non Executive Director

FAQ

What is the intrinsic value of Essar Shipping Ltd?

Essar Shipping Ltd's intrinsic value (as of 04 April 2025) is ₹442.99 — 1637.22% higher the current market price of 25.50, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 529 Cr. market cap, FY2025-2026 high/low of ₹71.6/21.2, reserves of -2,615 Cr, and liabilities of 343 Cr.

What is the Market Cap of Essar Shipping Ltd?

The Market Cap of Essar Shipping Ltd is 529 Cr..

What is the current Stock Price of Essar Shipping Ltd as on 04 April 2025?

The current stock price of Essar Shipping Ltd as on 04 April 2025 is 25.5.

What is the High / Low of Essar Shipping Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Essar Shipping Ltd stocks is ₹71.6/21.2.

What is the Stock P/E of Essar Shipping Ltd?

The Stock P/E of Essar Shipping Ltd is 31.2.

What is the Book Value of Essar Shipping Ltd?

The Book Value of Essar Shipping Ltd is 116.

What is the Dividend Yield of Essar Shipping Ltd?

The Dividend Yield of Essar Shipping Ltd is 0.00 %.

What is the ROCE of Essar Shipping Ltd?

The ROCE of Essar Shipping Ltd is 208 %.

What is the ROE of Essar Shipping Ltd?

The ROE of Essar Shipping Ltd is %.

What is the Face Value of Essar Shipping Ltd?

The Face Value of Essar Shipping Ltd is 10.0.