Essar Shipping Ltd
Next 500 2024
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OVERVIEW
FINANCIALS
About
Essar Shipping Limited, a subsidiary of the Essar Group, was established in 2010. The company engages in chartering and fleet operations for both coastal and international voyages. Essar Shipping, in collaboration with its sister subsidiaries, also invests in oilfield services such as land rigs and semi-submersible rigs, and logistics services that include trucks and tippers. With a fleet of 12 ships totalling a combined tonnage of 1.12 million, the company provides top international players with bulk commodity and crude oil transportation services. In order to improve its operational sustainability, Essar Shipping has implemented several measures, including paperless navigation and installing scrubbers on board.
Incorporation Year: 2010
Headquarters: Mumbai, Maharashtra
Top Management: Essar Group-Prashant Ruia
Industry: Shipping
Website: www.essar.com
Featured In Fortune India Ranking
Fortune 500 India
#455(2017)
#467(2016)
#425(2015)
#443(2014)
#285(2013)
#299(2012)
#219(2010)
#455(2017)#467(2016)#425(2015)#443(2014)#285(2013)#299(2012)#219(2010)
Next 500 India
#298(2024)#434(2023)#90(2021)#177(2020)#72(2019)
#298(2024)#434(2023)#90(2021)#177(2020)#72(2019)
Financial Data 2024
Revenue
163
(INR Cr)
Net Operating Income
20
(INR Cr)
Assets
-32
(INR Cr)
Profit
-118
(INR Cr)
Net Worth
-2,807
(INR Cr)
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 163 -91.2% | 1859 97.7% | 940 85.1% | 508 -66.0% | 1494 9.4% | 1366 -17.5% | 1657 -22.0% | 2125 10.8% | 1918 -10.9% | 2153 7.3% | 2007 -39.2% | 3298 15.5% | 2855 112.6% | 1343 - |
| Net Operating Income (INR Cr) | 20 -66.64% | 61 -81.52% | 328 -30.44% | 472 -64.88% | 1344 2.67% | 1309 8.40% | 1208 -44.95% | 2194 27.58% | 1720 -10.00% | 1911 2.80% | 1859 -42.09% | 3209 14.55% | 2802 112.44% | 1319 0.00% |
| Profit (INR Cr) | -118 - | 1650 - | -78 - | -620 - | -1682 - | -3775 - | -1665 - | -583 - | -550 - | -459 - | -244 - | 36 -2.8% | 37 10.6% | 33 - |
| Assets (INR Cr) | -32 -139.4% | 80 111.0% | -734 -1574.8% | 50 -92.7% | 681 -78.2% | 3123 -49.5% | 6189 -25.0% | 8250 -5.1% | 8693 -28.2% | 12100 -5.1% | 12749 5.6% | 12079 8.3% | 11153 8.8% | 10256 - |
| Net Worth (INR Cr) | -2807 -2.4% | -2742 44.2% | -4914 -2.1% | -4813 -14.0% | -4221 -121.1% | -1910 -239.4% | 1370 -48.0% | 2635 -20.9% | 3333 -51.6% | 6880 -3.0% | 7089 4.8% | 6768 23.2% | 5496 4.9% | 5242 0.0% |
| Employee Cost (INR Cr) | 24 499.3% | 4 -89.9% | 40 -45.1% | 73 -34.7% | 112 -11.2% | 126 -12.3% | 143 -32.7% | 213 55.6% | 137 -32.8% | 203 -7.9% | 221 -0.9% | 223 17.3% | 190 104.2% | 93 - |
| Interest Cost (INR Cr) | 81 | 132 | 356 | 489 | 433 | 396 | 387 | 467 | 542 | 477 | 399 | 366 | 329 | 139 |
| Cash & Bank Balance (INR Cr) | 24 | 25 | 30 | 28 | 44 | 25 | 55 | 40 | 35 | 44 | 92 | 68 | 227 | 224 |
| Total Debt (INR Cr) | 2642 | 2704 | 3912 | 4599 | 4641 | 4771 | 4628 | 5613 | 5324 | 5142 | 5625 | 5296 | 5638 | 4989 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | 88.8% | - | - | - | - | - | - | - | - | - | 1.1% | 1.3% | 2.5% |
| Profit As % Of Assets | - | 2054.8% | - | - | - | - | - | - | - | - | - | 0.3% | 0.3% | 0.3% |
| Profit As % Of Networth | - | - | - | - | - | - | - | - | - | - | - | 0.5% | 0.7% | 0.6% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | 123.1% | 194.4% | 210.2% | 75.3% | 50.4% | 47.1% | 44.5% |
| Debt to Equity Ratio | - | - | - | - | - | - | 3.38 | 2.13 | 1.60 | 0.75 | 0.79 | 0.78 | 1.03 | 0.95 |
| RONW | - | - | - | - | - | - | - | - | - | - | - | 1.0% | 0.7% | 0.6% |
| ROCE | 0.0% | 3.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 4.3% | 3.6% | 1.7% |