Essar Shipping Limited. (IN:ESSARSHPNG)
:ESSARSHPNG
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Essar Shipping Limited.
(ESSARSHPNG)
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Rating:42Neutral
Price Target:
₹21.00
▼(-17.84% Downside)
Action:UpgradedDate:03/06/26
The score is driven primarily by weak financial fundamentals—negative operating profitability, volatile revenue, and a stressed balance sheet with negative equity—partly offset by improved recent operating/free cash flow. Technicals add further pressure with the stock trading below key moving averages and a negative MACD, while valuation is difficult to assess due to the negative P/E and no dividend yield data.
Positive Factors
Operating cash generation
Despite weak profitability, the company reported positive operating and free cash flow in the latest year. Durable cash generation supports liquidity, enables debt servicing and maintenance capex, and provides a structural buffer versus peers during freight cycle volatility.
Negative Factors
Highly leveraged balance sheet
The balance sheet shows negative equity and elevated leverage, a durable solvency concern. This structure raises refinancing and covenant risks, constrains access to new capital, and increases vulnerability to prolonged freight downturns, limiting strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash generation
Despite weak profitability, the company reported positive operating and free cash flow in the latest year. Durable cash generation supports liquidity, enables debt servicing and maintenance capex, and provides a structural buffer versus peers during freight cycle volatility.
Read all positive factors
Essar Shipping Limited. (ESSARSHPNG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.88B
Dividend YieldN/A
Average Volume (3M)63.43K
Price to Earnings (P/E)―
Beta (1Y)1.68
Revenue Growth-189.01%
EPS Growth-87.15%
CountryIN
Employees46
SectorServices
Sector StrengthN/A
IndustryMarine Shipping
Share Statistics
EPS (TTM)-4.26
Shares Outstanding206,976,060
10 Day Avg. Volume117,230
30 Day Avg. Volume63,430
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.20
Price to Sales (P/S)45.81
P/FCF Ratio1.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Essar Shipping Limited. Business Overview & Revenue Model
Company Description
Essar Shipping Limited, a shipping company, provides sea transportation, logistics, and oilfields services. The company is involved in the fleet operating and chartering activities consisting of tankers and dry bulkers; and oilfields services, suc...
How the Company Makes Money
Essar Shipping Limited makes money mainly by earning freight and charter income from the use of its vessels. Key revenue streams typically include: (1) Time-charter revenue, where customers pay a contracted daily/monthly rate for use of a vessel o...
Essar Shipping Limited. Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
25
Negative
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -1.38B | 102.60M | 127.70M | 606.70M | 3.28B | 4.72B |
| Gross Profit | -56.70M | -88.60M | -697.50M | 152.00M | -98.00M | -1.22B |
| EBITDA | 1.41B | 7.58B | 83.30M | 17.96B | 3.82B | 400.20M |
| Net Income | 641.90M | 6.60B | -1.18B | 16.50B | -784.90M | -6.20B |
Balance Sheet | ||||||
| Total Assets | 2.97B | 3.00B | 9.11B | 10.47B | 11.70B | 20.84B |
| Cash, Cash Equivalents and Short-Term Investments | 53.00M | 63.50M | 239.50M | 270.90M | 311.70M | 333.10M |
| Total Debt | 16.45B | 16.31B | 26.42B | 27.04B | 39.12B | 45.99B |
| Total Liabilities | 26.68B | 26.79B | 35.85B | 36.70B | 58.16B | 66.33B |
| Stockholders Equity | -23.71B | -23.80B | -28.07B | -27.42B | -49.14B | -48.13B |
Cash Flow | ||||||
| Free Cash Flow | -216.70M | 3.48B | -469.60M | 5.14B | 1.40B | 412.90M |
| Operating Cash Flow | 61.00M | 5.28B | -465.00M | 5.14B | 1.40B | 965.60M |
| Investing Cash Flow | 518.90M | 2.67B | 567.20M | 903.10M | 4.93B | -536.60M |
| Financing Cash Flow | -572.20M | -2.08B | -705.20M | -9.69B | -6.27B | -862.30M |
Essar Shipping Limited. Technical Analysis
Negative
25.56
Price Trends
25.51
Negative
27.02
Negative
27.74
Negative
Market Momentum
-0.85
Negative
46.34
Neutral
43.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ESSARSHPNG, the sentiment is Negative. The current price of 25.56 is above the 20-day moving average (MA) of 23.79, above the 50-day MA of 25.51, and below the 200-day MA of 27.74, indicating a bearish trend. The MACD of -0.85 indicates Negative momentum. The RSI at 46.34 is Neutral, neither overbought nor oversold. The STOCH value of 43.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ESSARSHPNG.
Essar Shipping Limited. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹5.35B | 18.26 | ― | ― | 34.34% | 2.00% | |
60 Neutral | ₹2.97B | -4.30 | ― | 0.76% | 10.69% | -203.58% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
50 Neutral | ₹6.02B | -89.54 | ― | 2.44% | 9.91% | -66.86% | |
48 Neutral | ₹2.28B | -10.73 | ― | ― | -22.87% | -143.53% | |
42 Neutral | ₹4.88B | -1.60 | ― | ― | -189.01% | -87.15% | |
39 Underperform | ₹13.57B | 3.00 | ― | ― | 76.34% | 94.50% |
* Services Sector Average
IN:ESSARSHPNG
Essar Shipping Limited.
23.58
-0.65
-2.68%
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Essar Shipping Limited. Corporate Events
Essar Shipping Closes Trading Window Ahead of FY26 Results
Mar 26, 2026
Essar Shipping Limited has announced that its trading window for dealing in the company’s securities will be closed from 1 April 2026 until 48 hours after the announcement of its audited standalone and consolidated financial results for the ...
Essar Shipping Partially Redeems Rs. 1,552 Crore in Non-Convertible Debentures
Feb 26, 2026
Essar Shipping Limited has partially redeemed a tranche of its 1% secured, redeemable, unlisted and unrated non-convertible debentures issued to Abhinand Ventures Private Limited, in line with the original terms of issue. The company redeemed 14,4...
Essar Shipping Files SEBI Dematerialisation Compliance Certificate for December Quarter
Jan 14, 2026
Essar Shipping Limited has submitted to BSE and NSE a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 December 2025, confirming that all securities received for d...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.