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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 533704 | NSE: ESSARSHPNG

Essar Shipping Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:36 am

Market Cap 800 Cr.
Current Price 38.6
High / Low 71.6/19.7
Stock P/E
Book Value 116
Dividend Yield0.00 %
ROCE208 %
ROE%
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Chowgule Steamships Ltd 111 Cr. 30.5 36.5/14.1316 15.70.00 %3.05 %% 10.0
Great Eastern Shipping Company Ltd (GESHIP) 14,181 Cr. 993 1,544/8905.01 9452.90 %18.5 %21.0 % 10.0
Shreyas Shipping & Logistics Ltd 782 Cr. 356440/230 3490.00 %3.91 %11.3 % 10.0
Shipping Corporation of India Ltd 9,855 Cr. 212 385/1599.62 1730.24 %7.68 %8.75 % 10.0
SEAMEC Ltd 2,885 Cr. 1,135 1,670/92719.2 3790.09 %12.5 %13.8 % 10.0
Industry Average4,130.86 Cr411.8787.46287.370.46%37.03%15.57%10.00

All Competitor Stocks of

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales9114714522151617141411433
Expenses10412693262069858251934
Operating Profit-132052-4-597793-21-17-32
OPM %-14%14%36%-21%-33%60%44%48%62%23%-492%-641%-1,248%
Other Income17-1746610332355211,361328464223
Interest1361101017471687532-4411101645
Depreciation44472419151213134111111-0
Profit before tax-177-311-76232-16-601,32337626-37-41-53
Tax %0%0%1%0%0%0%-28%-1%-0%0%-2%0%0%
Net Profit-177-31115-8226-16-401,34336326-36-41-53
EPS in Rs-8.65-15.050.74-0.3810.89-0.76-1.9664.8917.561.26-1.74-2.12-3.11

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales3,2091,8591,9111,7202,1941,2081,3091,3444723286120
Expenses2,4331,3081,6841,4411,8159629771,0844422652887
Operating Profit776550227279379246332261306332-67
OPM %24%30%12%16%17%20%25%19%6%19%53%-331%
Other Income39128243199-69-1,201-3,430-1,342133191,76475
Interest36639947754246738739643348935613281
Depreciation3694784244643903042821721741064132
Profit before tax80-199-432-528-547-1,646-3,776-1,686-620-811,624-105
Tax %55%23%6%4%7%0%0%0%0%0%-2%-1%
Net Profit36-244-459-550-583-1,685-3,771-1,687-621-781,650-104
EPS in Rs1.74-11.88-22.36-26.58-28.19-80.44-182.40-81.24-29.97-3.7979.73-5.71
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
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%

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:206%
Compounded Profit Growth
10 Years:4%
5 Years:9%
3 Years:21%
TTM:-189%
Stock Price CAGR
10 Years:6%
5 Years:42%
3 Years:59%
1 Year:13%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital205205205207207207207207207207207207207
Reserves6,5636,8846,6753,1262,4281,163-2,117-4,428-5,020-5,121-2,949-3,014-2,615
Borrowings5,2965,6255,1425,3245,6134,6284,7714,6414,5993,9122,7042,6421,746
Other Liabilities1,3601,3291,4301,5061,2481,6471,7011,9252,2982,1711,0851,0761,005
Total Liabilities13,42414,04313,45210,1639,4967,6454,5632,3452,0841,1701,047911343
Fixed Assets9,3809,8179,8146,4495,8355,2533,1491,003884112582626
CWIP1,736927879137781111160000
Investments0636303704206403800
Other Assets2,3084,0713,4973,6353,4872,3141,3611,3321,1781,018951885317
Total Assets13,42414,04313,45210,1639,4967,6454,5632,3452,0841,1701,047911343

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1,20539655934527448715721097140514-46
Cash from Investing Activity +-9823937926137196475-22478463111
Cash from Financing Activity +-1,075-606-961-374-285-1,188-236-263-86-627-969-71
Net Cash Flow3229-23-2218-1522-12-97-6

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow771.00545.00222.00274.00374.00242.00328.00257.0026.0060.0030.00-69.00

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days4567587120304320232779337
Inventory Days
Days Payable
Cash Conversion Cycle4567587120304320232779337
Working Capital Days23289-10657-277-496-835-831-691-1,020-275-1,476
ROCE %4%2%0%0%1%0%2%13%-30%-208%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.37%74.37%74.37%74.37%74.37%74.37%74.37%74.37%73.75%73.75%73.75%73.75%
FIIs8.89%6.77%0.12%0.12%0.00%0.00%0.00%0.00%0.00%0.01%0.04%0.01%
DIIs0.02%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.02%0.02%0.02%0.02%
Public16.72%18.83%25.48%25.48%25.59%25.61%25.60%25.60%26.22%26.22%26.19%26.21%
No. of Shareholders89,09192,1501,04,1371,04,8021,06,4471,05,6891,05,3661,05,3031,02,7081,08,3311,12,5951,23,972

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-5.0479.74-3.77-29.98-81.50
Diluted EPS (Rs.)-5.0479.74-3.77-29.98-81.50
Cash EPS (Rs.)-3.4981.721.20-21.59-73.18
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.)0.972.9315.8622.8564.94
PBDIT / Share (Rs.)-0.226.5813.903.1819.84
PBIT / Share (Rs.)-1.774.598.79-5.2111.52
PBT / Share (Rs.)-5.0878.45-3.90-29.95-81.44
Net Profit / Share (Rs.)-5.0479.73-3.91-29.98-81.50
NP After MI And SOA / Share (Rs.)-5.7179.73-3.79-29.97-81.24
PBDIT Margin (%)-22.82224.4187.6513.9330.55
PBIT Margin (%)-181.32156.6055.39-22.7917.74
PBT Margin (%)-519.512676.36-24.59-131.05-125.41
Net Profit Margin (%)-515.412719.97-24.67-131.18-125.49
NP After MI And SOA Margin (%)-583.492719.97-23.90-131.15-125.09
Return on Networth / Equity (%)0.00-60.180.000.000.00
Return on Capital Employeed (%)1.78-4.26-6.123.84-12.01
Return On Assets (%)-12.96157.68-6.70-29.76-71.69
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 (%)0.020.050.110.080.17
Current Ratio (X)0.290.280.240.240.30
Quick Ratio (X)0.290.280.240.230.29
Interest Coverage Ratio (X)-0.051.030.800.130.94
Interest Coverage Ratio (Post Tax) (X)-0.440.920.50-0.220.54
Enterprise Value (Cr.)3183.492962.794307.372141.862304.09
EV / Net Operating Revenue (X)157.2948.8313.124.531.71
EV / EBITDA (X)-689.0721.7614.9732.495.61
MarketCap / Net Operating Revenue (X)21.332.730.470.340.08
Price / BV (X)-0.15-0.06-0.03-0.03-0.02
Price / Net Operating Revenue (X)21.352.730.470.340.08
EarningsYield-0.279.95-0.50-3.82-15.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 266.22

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 December 22, 2024, is Undervalued by 589.69% compared to the current share price 38.60

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Intrinsic Value of as of December 22, 2024 is: 633.88

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 December 22, 2024, is Undervalued by 1,542.18% compared to the current share price 38.60

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 138.10%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -262.00, which is a positive sign.
  1. The stock has a low average ROCE of -18.00%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 68.33, which may not be favorable.
  3. The company has higher borrowings (4,357.15) compared to reserves (121.15), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (74.33) and profit (-203.00).
  • 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 :
    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: 15.57%)
      • 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: 0 (Industry average Stock P/E: 87.46)
      • 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. 140.03 Cr. and Equity Capital is Rs. 206.98 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
ShippingEBTSL Premises, ER-2 Building (Admin Building), Devbhumi Dwarka Dist. Gujarat 361305esl.secretarial@essar.co.in
http://www.essar.com
Management
NamePosition Held
Mr. R SureshChairman & Ind.Dire (Non-Exe)
Mr. Vipin JainExecutive Director
Mr. Rajesh DesaiExecutive Director
Mr. Sunil ModakInd. Non-Executive Director
Mr. R JayakumarInd. Non-Executive Director
Ms. Raichel MathewNon Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹266.22, which is 589.69% higher than the current market price of ₹38.60. The stock has a market capitalization of 800 Cr. and recorded a high/low of 71.6/19.7 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹-2,615 Cr and total liabilities of ₹343 Cr.

What is the Market Cap of ?

The Market Cap of is 800 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 38.6.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 71.6/19.7.

What is the Stock P/E of ?

The Stock P/E of is .

What is the Book Value of ?

The Book Value of is 116.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 208 %.

What is the ROE of ?

The ROE of is %.

What is the Face Value of ?

The Face Value of is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE