Essar Shipping Ltd

Essar Shipping Ltd

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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)
Ranking Trend Fortune 500 India
Next 500 India
#298(2024)#434(2023)#90(2021)#177(2020)#72(2019)
#298(2024)#434(2023)#90(2021)#177(2020)#72(2019)
Ranking Trend Fortune Next 500 India

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
PARAMETERS20242023202220212020201920182017201620152014201320122011
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)
81132356489433396387467542477399366329139
Cash & Bank Balance
(INR Cr)
242530284425554035449268227224
Total Debt
(INR Cr)
26422704391245994641477146285613532451425625529656384989

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS20242023202220212020201920182017201620152014201320122011
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 ------3.382.131.600.750.790.781.030.95
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%