ESSARSHPNG
Essar Shipping financials
- Market cap
- ₹338 Cr
- Sector
- Services
What Essar Shipping Limited does
Essar Shipping Limited is an integrated logistics services provider operating in sea transportation, logistics services and oilfields services. Its operations extend through wholly-owned subsidiaries Essar Shipping DMCC (Dubai) and OGD Services Holdings Limited (Mauritius). The company also provides consultancy services in the ordinary course of business for the operation of a Wildcat and jack-up rig on behalf of group affiliates Essar Shipping DMCC and Essar Investment Holdings Mauritius Limited.
Segments
- Sea transportation
- Logistics services
- Oilfields services
- Business segments
- Sea transportation, logistics services, oilfields services (3 segments)
- Wholly-owned subsidiaries
- Essar Shipping DMCC (Dubai); OGD Services Holdings Limited (Mauritius)
- Oilfields asset operated (via group consultancy)
- Jack-up rig "Wildcat"
- Holding company
- IDH International Drilling Holdco Limited
Quarterly results
Q1 FY27: revenue down 100.0%, net profit up 751.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 148 | 3 | -143 | 2 | 0 −100% | 0 −100% | 0 +100% | 0 −100% |
| EBITDA | -6 | -8 | -30 | -5 | -3 +50% | -4 +50% | -4 +87% | -3 +40% |
| Net profit | 642 | 40 | 13 | 27 | -16 −102% | -88 −320% | -36 −377% | 230 +752% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −32.4% 1Y
1Y: ₹24.13 on 10 Sept 2025 → ₹16.31. High ₹41.13 (30 Oct 2025), low ₹15.81 (19 Aug 2026).
Financials, as filed
Revenue fell 68.0% a year over 3 years, FY23 to FY26. Operating margin narrowed to -800.0%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹61 Cr | ₹29 Cr | ₹11 Cr | ₹2 Cr |
| Operating profit | ₹32 Cr | ₹-59 Cr | ₹-48 Cr | ₹-16 Cr |
| Operating margin | 52.5% | -203.4% | -436.4% | -800.0% |
| Interest | ₹131 Cr | ₹82 Cr | ₹101 Cr | ₹95 Cr |
| Depreciation | ₹42 Cr | ₹33 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹1.6k Cr | ₹-104 Cr | ₹660 Cr | ₹-113 Cr |
| Net margin | 2704.9% | -358.6% | 6000.0% | -5650.0% |
| Cash from operations | ₹514 Cr | ₹-46 Cr | ₹531 Cr | ₹-130 Cr |
| Free cash flow | ₹560 Cr | ₹-47 Cr | ₹351 Cr | ₹-177 Cr |
| ROCE | — | -208.0% | — | — |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹207 Cr | ₹207 Cr | ₹207 Cr | ₹207 Cr | ₹207 Cr | ₹207 Cr |
| Reserves | ₹-5.0k Cr | ₹-5.1k Cr | ₹-2.9k Cr | ₹-3.0k Cr | ₹-2.6k Cr | ₹-2.3k Cr |
| Borrowings | ₹4.6k Cr | ₹3.9k Cr | ₹2.7k Cr | ₹2.6k Cr | ₹1.6k Cr | ₹1.6k Cr |
| Other liabilities | ₹2.3k Cr | ₹2.2k Cr | ₹1.1k Cr | ₹1.1k Cr | ₹1.0k Cr | ₹775 Cr |
| Total liabilities | ₹2.1k Cr | ₹1.2k Cr | ₹1.0k Cr | ₹911 Cr | ₹297 Cr | ₹317 Cr |
| Fixed assets | ₹884 Cr | ₹112 Cr | ₹58 Cr | ₹26 Cr | ₹33 Cr | ₹44 Cr |
| Capital work in progress | ₹16 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹208 Cr | ₹228 Cr |
| Investments | ₹6 Cr | ₹40 Cr | ₹38 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹1.2k Cr | ₹1.0k Cr | ₹951 Cr | ₹885 Cr | ₹56 Cr | ₹45 Cr |
| Total assets | ₹2.1k Cr | ₹1.2k Cr | ₹1.0k Cr | ₹911 Cr | ₹297 Cr | ₹317 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 2% to 1,28,023.
- Promoters
- 73.8%
- FIIs
- 0.1%
- DIIs
- 0.0%
- Public
- 26.2%
Since Jun 2025
- FIIs +0.05 pp
- Public −0.05 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Dec '23: Promoters 73.8%, FIIs 0.0%, DIIs 0.0%, Public 26.2%.Mar '24: Promoters 73.8%, FIIs 0.0%, DIIs 0.0%, Public 26.2%.Jun '24: Promoters 73.8%, FIIs 0.0%, DIIs 0.0%, Public 26.2%.Sep '24: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Dec '24: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Mar '25: Promoters 73.8%, FIIs 0.0%, DIIs 0.0%, Public 26.2%.Jun '25: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Sep '25: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Dec '25: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Mar '26: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Jun '26: Promoters 73.8%, FIIs 0.1%, DIIs 0.0%, Public 26.2%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Essar Shipping Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Essar Shipping Mauritius Holdings Limited | 70.43% | unchanged |
| Imperial Consultants and Securities Private Limited | 3.32% | unchanged |
| Essar Investment Holdings Mauritius Ltd | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Essar Shipping Limited
Guides on how to read this kind of business and the numbers that matter.