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Fundamental Analysis of Essar Shipping Ltd

About the Company - Essar Shipping Ltd

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. Rajesh DesaiExecutive Director
Ms. Raichel MathewNon Executive Director
Ms. Raji ChandrashekarInd. Non-Executive Director
Mr. Sunil ModakInd. Non-Executive Director
Mr. R JayakumarInd. Non-Executive Director

Essar Shipping Ltd. Share Price Update

Share PriceValue
Today₹29.33
Previous Day₹27.66

Basic Stock Data of Essar Shipping Ltd

Market Cap 521 Cr.
Current Price 25.2
High / Low25.2/7.53
Stock P/E7.90
Book Value 130
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0

Essar Shipping Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales13210291147145221516171414114
Expenses1131311041269326206985825
Operating Profit19-29-132052-4-597793-21
OPM %14%-29%-14%14%36%-21%-33%60%44%48%62%23%-492%
Other Income2117-1746610332355211,361328464
Interest1371111361101017471687532-441110
Depreciation4343444724191512131341111
Profit before tax-159-182-177-311-76232-16-601,32337626-37
Tax %-0%-0%-0%-0%-1%0%0%0%28%-1%-0%0%2%
Net Profit-159-182-177-31115-8226-16-401,34336326-36
EPS in Rs-7.67-8.79-8.65-15.050.74-0.3810.89-0.76-1.9664.8917.561.26-1.74

Essar Shipping Ltd Quarterly Chart

Essar Shipping Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,8023,2091,8591,9111,7202,1941,2081,3091,3444723286143
Expenses2,0952,4331,3081,6841,4411,8159629771,0844422652846
Operating Profit707776550227279379246332261306332-3
OPM %25%24%30%12%16%17%20%25%19%6%19%53%-7%
Other Income4639128243199-69-1,201-3,430-1,342133191,7641,739
Interest32936639947754246738739643348935613210
Depreciation3633694784244643903042821721741064138
Profit before tax6080-199-432-528-547-1,646-3,776-1,686-620-811,6241,689
Tax %39%55%-23%-6%-4%-7%-0%-0%-0%-0%-0%-2%
Net Profit3736-244-459-550-583-1,685-3,771-1,687-621-781,6501,697
EPS in Rs1.791.74-11.88-22.36-26.58-28.19-80.44-182.40-81.24-29.97-3.7979.7381.97
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Essar Shipping Ltd Profit & Loss Yearly Chart

Essar Shipping Ltd Growth

Compounded Sales Growth
10 Years::-33%
5 Years::-45%
3 Years::-64%
TTM::-37%

Essar Shipping Ltd Growth

Compounded Profit Growth
10 Years::%
5 Years::15%
3 Years::25%
TTM::155%

Essar Shipping Ltd Growth

Stock Price CAGR
10 Years::3%
5 Years::16%
3 Years::39%
1 Year::170%

Essar Shipping Ltd Growth

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

Essar Shipping Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital205205205205207207207207207207207207207
Reserves5,2906,5636,8846,6753,1262,4281,163-2,117-4,428-5,020-5,121-2,949-2,902
Borrowings5,6385,2965,6255,1425,3245,6134,6284,7714,6414,5993,9122,7042,642
Other Liabilities8861,3601,3291,4301,5061,2481,6471,7011,9252,2982,1711,0851,014
Total Liabilities12,01913,42414,04313,45210,1639,4967,6454,5632,3452,0841,1701,047961
Fixed Assets8,0939,3809,8179,8146,4495,8355,2533,1491,0038841125837
CWIP1,7911,73692787913778111116000
Investments0063630370420640380
Other Assets2,1352,3084,0713,4973,6353,4872,3141,3611,3321,1781,018951925
Total Assets12,01913,42414,04313,45210,1639,4967,6454,5632,3452,0841,1701,047961

Essar Shipping Ltd Reserves and Borrowings Chart

Essar Shipping Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 6141,20539655934527448715721097140514
Cash from Investing Activity -364-9823937926137196475-22478463
Cash from Financing Activity -283-1,075-606-961-374-285-1,188-236-263-86-627-969
Net Cash Flow-343229-23-2218-1522-12-97

Essar Shipping Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days794567587120304320232779
Inventory Days
Days Payable
Cash Conversion Cycle794567587120304320232779
Working Capital Days5723289-10657-277-496-835-831-691-1,020-275
ROCE %4%4%2%0%0%1%0%2%13%-30%

Essar Shipping Ltd Financial Efficiency Indicators Chart

Essar Shipping Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters74.37%74.37%74.37%74.37%74.37%74.37%74.37%74.37%74.37%74.37%74.37%73.75%
FIIs9.02%9.02%9.02%8.89%6.77%0.12%0.12%0.00%0.00%0.00%0.00%0.00%
DIIs0.07%0.05%0.05%0.02%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.02%
Public16.54%16.56%16.56%16.72%18.83%25.48%25.48%25.59%25.61%25.60%25.60%26.22%
No. of Shareholders85,60585,80287,98089,09192,1501,04,1371,04,8021,06,4471,05,6891,05,3661,05,3031,02,708

Essar Shipping Ltd Shareholding Pattern Chart

No. of Essar Shipping Ltd Shareholders

This stock is not held by any mutual fund

Essar Shipping Ltd ROCE Trend

Essar Shipping Ltd EPS Trend

Essar Shipping Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)79.74-3.77-29.98-81.50-182.21
Diluted EPS (Rs.)79.74-3.77-29.98-81.50-182.21
Cash EPS (Rs.)81.721.20-21.59-73.18-168.86
Book Value[Excl.RevalReserv]/Share (Rs.)-126.76-224.46-219.79-191.32-79.61
Book Value[Incl.RevalReserv]/Share (Rs.)-126.76-224.46-219.79-191.32-79.61
Revenue From Operations / Share (Rs.)2.9315.8622.8564.9463.25
PBDIT / Share (Rs.)6.5813.903.1819.8418.80
PBIT / Share (Rs.)4.598.79-5.2111.525.15
PBT / Share (Rs.)78.45-3.90-29.95-81.44-182.44
Net Profit / Share (Rs.)79.73-3.91-29.98-81.50-182.51
NP After MI And SOA / Share (Rs.)79.73-3.79-29.97-81.24-182.40
PBDIT Margin (%)224.4187.6513.9330.5529.71
PBIT Margin (%)156.6055.39-22.7917.748.14
PBT Margin (%)2676.36-24.59-131.05-125.41-288.43
Net Profit Margin (%)2719.97-24.67-131.18-125.49-288.54
NP After MI And SOA Margin (%)2719.97-23.90-131.15-125.09-288.37
Return on Networth / Equity (%)-60.180.000.000.000.00
Return on Capital Employeed (%)-4.26-6.123.84-12.0141.55
Return On Assets (%)157.68-6.70-29.76-71.69-82.74
Long Term Debt / Equity (X)-0.14-0.34-0.36-0.46-0.99
Total Debt / Equity (X)-0.98-0.79-0.36-0.46-0.99
Asset Turnover Ratio (%)0.050.110.080.170.08
Current Ratio (X)0.280.240.240.300.30
Quick Ratio (X)0.280.240.230.290.30
Interest Coverage Ratio (%)1.030.800.130.940.98
Interest Coverage Ratio (Post Tax) (%)0.920.50-0.220.540.26
Enterprise Value (Cr.)2962.794307.372141.862304.092357.85
EV / Net Operating Revenue (X)48.8313.124.531.711.80
EV / EBITDA (X)21.7614.9732.495.616.06
MarketCap / Net Operating Revenue (X)2.730.470.340.080.16
Price / BV (X)-0.06-0.03-0.03-0.02-0.11
Price / Net Operating Revenue (X)2.730.470.340.080.16
EarningsYield9.95-0.50-3.82-15.02-17.44

Essar Shipping Ltd Profitability Ratios (%)

Essar Shipping Ltd Liquidity Ratios

Essar Shipping Ltd Liquidity Ratios (%)

Essar Shipping Ltd Interest Coverage Ratios (%)

Essar Shipping Ltd Valuation Ratios

Fair Value of Essar Shipping Ltd Stock

Fair Value: ₹157.13

The stock is undervalued by 523.54% compared to the current price ₹25.2

*Investments are subject to market risks

Strength and Weakness of Essar Shipping Ltd Stock

StrengthWeakness

The stock has a high average ROCE, which is a positive sign.

The stock has a low average Working Capital Days, which is a positive sign.

The stock has a high average Cash Conversion Cycle, which may not be favorable.

The company has higher borrowings compared to reserves, which may suggest financial risk.

The company has not shown consistent growth in sales and profit.

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