About Essar Shipping Limited.
Data last updated:
Essar Shipping Limited. is a public limited company based in Khambhalia, Gujarat, India, a subsidiary of Essar Shipping Mauritius Holdings Limited. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 16 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L61200GJ2010PLC060285. Its GSTIN is 27AACCE3707D1Z2 (Maharashtra). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 533704 and NSE: ESSARSHPNG.
The company has an authorised share capital of ₹650 Cr and a paid-up capital of ₹206.98 Cr. It was formerly known as Essar Ports & Terminals Limited. It is led by directors including Vipin Jain (Whole-Time Director) and Rajesh Dhirubhai Desai.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ebtsl Premises Er – 2 Building(Admn. Building)Salaya 44 Km P.B. No 7 Taluka Khambhalia Devbhu, Mi Dwarka, Gujarat, India – 361305.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1.78 Cr, a decline of 82.7% compared to the previous year. For the same year it recorded a net loss of ₹14.67 Cr and EBITDA of -₹231.95 Cr.
Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹1,855.2 Cr and satisfied charges of ₹2,279.26 Cr on record. Court records list 61 cases involving the company, including 24 filed by the company and 37 filed against it; 10 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website essar.com.
Company details
CIN history
Essar Shipping Limited has one previous CIN (Corporate Identification Number): U61200GJ2010PLC060285. The current CIN is L61200GJ2010PLC060285, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L61200GJ2010PLC060285 | Current |
| U61200GJ2010PLC060285 | Previous |
Contact details
Essar Shipping Limited.'s registered office is in Khambhalia, Gujarat. Its website is essar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressEbtsl Premises Er – 2 Building(Admn. Building)Salaya 44 Km P.B. No 7 Taluka Khambhalia Devbhu, Mi Dwarka, Gujarat, India – 361305
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Essar Shipping Limited., buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Essar Shipping Limited is transport and storage. In detail, this covers water transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport |
To see the full business activity and turnover split of Essar Shipping Limited., buy the company report.
Financials of Essar Shipping Limited.
FY 2025-26 filings availableEssar Shipping Limited. reported revenue of ₹1.78 Cr (down 82.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1.78 | 10.26 | 20.24 | 60.67 | 328 | 472 | 1,344 |
| Revenue growth | -82.7% | -49.3% | -66.6% | -81.5% | -30.4% | -64.9% | - |
| EBITDA | (232) | (146) | (134) | (1.88) | (230) | 6.35 | (1,231) |
| EBITDA margin | - | -1422.5% | -664.0% | -3.1% | -70.2% | +1.4% | -91.6% |
| Profit before tax | (112) | 657 | (105) | 1,624 | (80.77) | (620) | (1,686) |
| Net profit | (14.67) | (5.49) | (145) | (10.12) | (172) | (597) | (191) |
| Net profit margin | -824.2% | -53.5% | -716.0% | -16.7% | -52.4% | -126.5% | -14.2% |
| EPS (₹) | (5.41) | 31.89 | (5.71) | 79.73 | (3.79) | (29.97) | (81.24) |
| Balance sheet | |||||||
| Total assets | (458) | (748) | (31.67) | 80.31 | (734) | 49.74 | 681 |
| Net worth | (2,073) | (2,380) | (2,807) | (2,742) | (4,914) | (4,813) | (4,221) |
| Total debt | 1,615 | 1,631 | 2,642 | 2,704 | 3,912 | 4,599 | 4,641 |
| Cash & bank | 2.96 | 6.31 | 23.91 | 25.38 | 29.56 | 27.58 | 44.30 |
| Net working capital | (735) | (961) | (57.93) | (20.36) | (888) | (866) | (348) |
| Cash flow | |||||||
| Cash from operations | (130) | 531 | (46.50) | 514 | 140 | 96.56 | 210 |
| Cash from investing | 340 | (335) | 111 | 463 | 478 | (22.38) | 74.81 |
| Cash from financing | (212) | (211) | (70.52) | (969) | (627) | (86.22) | (263) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.04 | 0.04 | 0.04 | 0.01 | 1.69 | (143) | 3.07 | 148 |
| Revenue growth (YoY) | -97.6% | +100.0% | -98.7% | -100.0% | -33.5% | - | - | - |
| Other income | 258 | 145 | 16.57 | 5.53 | 47.81 | 64.24 | 71.07 | 718 |
| EBITDA | (2.99) | (153) | (71.47) | (3.18) | (4.72) | (30.39) | (9.14) | (47.37) |
| EBITDA margin | -7475.0% | - | - | - | -279.3% | +21.2% | -297.7% | -32.0% |
| Depreciation | 0.20 | 0.19 | 0.20 | 0.20 | 0.19 | 0.19 | 0.19 | 0.19 |
| Interest | 24.69 | 27.62 | 33.10 | 17.80 | 15.54 | 20.88 | 22.53 | 28.15 |
| Profit before tax | 230 | (35.57) | (88.20) | (15.65) | 27.36 | 12.78 | 39.21 | 642 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 230 | (35.57) | (88.20) | (15.65) | 27.36 | 12.78 | 39.21 | 642 |
| EPS (₹) | (11.13) | (1.72) | (4.26) | (0.76) | 1.32 | 0.62 | 1.92 | 31.02 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4.34 | 20.50 | 15.76 | 3.33 | 140 | 166 | 538 |
| Revenue growth | -78.8% | +30.1% | +373.3% | -97.6% | -15.6% | -69.2% | - |
| EBITDA | (69.73) | (97.07) | (73.56) | (26.38) | (757) | 16.66 | (2,645) |
| EBITDA margin | -1606.7% | -473.5% | -466.8% | -792.2% | -540.5% | +10.0% | -491.1% |
| Profit before tax | 553 | 371 | (71.18) | 1,666 | (250) | (297) | (2,952) |
| Net profit | 13.44 | 55.50 | (32.94) | (46.07) | (25.05) | (299) | (175) |
| Net profit margin | +309.7% | +270.7% | -209.0% | -1383.5% | -17.9% | -180.0% | -32.5% |
| EPS (₹) | 26.71 | 17.93 | (3.40) | 81.78 | (12.08) | (14.39) | (142.69) |
| Balance sheet | |||||||
| Total assets | 11.00 | (44.49) | 260 | 332 | (785) | 257 | 695 |
| Net worth | (750) | (1,303) | (1,674) | (1,603) | (3,296) | (3,047) | (2,749) |
| Total debt | 743 | 1,258 | 1,935 | 1,936 | 2,512 | 3,303 | 3,443 |
| Cash & bank | 1.37 | 2.58 | 5.89 | 19.77 | 18.93 | 13.19 | 6.38 |
| Net working capital | 4.85 | (51.44) | 257 | 286 | (824) | (699) | (316) |
| Cash flow | |||||||
| Cash from operations | 5.85 | (53.13) | (70.02) | 84.33 | (16.38) | 104 | 155 |
| Cash from investing | 614 | 428 | 79.76 | 12.52 | 459 | (62.76) | 18.60 |
| Cash from financing | (620) | (379) | (5.65) | (104) | (448) | (34.64) | (171) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.04 | 0.04 | 0.04 | 0.01 | 4.25 | 5.19 | 5.11 | 5.60 |
| Revenue growth (YoY) | -99.1% | -99.2% | -99.2% | -99.8% | -7.4% | - | - | - |
| Other income | 1.19 | 208 | 308 | 108 | 47.78 | 46.20 | 74.38 | 204 |
| Total expenses | 1.79 | 1.13 | 69.16 | 1.18 | 2.60 | 6.41 | 6.05 | 50.23 |
| EBITDA | (1.75) | (1.09) | (69.12) | (1.17) | 1.65 | (1.22) | (0.94) | (44.63) |
| EBITDA margin | -4375.0% | -2725.0% | - | - | +38.8% | -23.5% | -18.4% | -797.0% |
| Depreciation | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 |
| Interest | 3.77 | 10.88 | 21.23 | 9.05 | 7.57 | 12.79 | 14.93 | 23.30 |
| Profit before tax | (4.52) | 196 | 217 | 97.53 | 41.67 | 32.00 | 58.32 | 136 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.04 | 0.04 | 0.04 | 0.01 | 1.69 | (143) | 3.07 | 148 |
| Revenue growth (YoY) | -97.6% | +100.0% | -98.7% | -100.0% | -33.5% | - | - | - |
| Other income | 258 | 145 | 16.57 | 5.53 | 47.81 | 64.24 | 71.07 | 718 |
| EBITDA | (2.99) | (153) | (71.47) | (3.18) | (4.72) | (30.39) | (9.14) | (47.37) |
| EBITDA margin | -7475.0% | - | - | - | -279.3% | +21.2% | -297.7% | -32.0% |
| Depreciation | 0.20 | 0.19 | 0.20 | 0.20 | 0.19 | 0.19 | 0.19 | 0.19 |
| Interest | 24.69 | 27.62 | 33.10 | 17.80 | 15.54 | 20.88 | 22.53 | 28.15 |
| Profit before tax | 230 | (35.57) | (88.20) | (15.65) | 27.36 | 12.78 | 39.21 | 642 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 230 | (35.57) | (88.20) | (15.65) | 27.36 | 12.78 | 39.21 | 642 |
| EPS (₹) | (11.13) | (1.72) | (4.26) | (0.76) | 1.32 | 0.62 | 1.92 | 31.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1.78 | 10.26 | 20.24 | 60.67 | 328 | 472 | 1,344 |
| Revenue growth | -82.7% | -49.3% | -66.6% | -81.5% | -30.4% | -64.9% | - |
| Other income | 215 | 904 | 143 | 1,798 | 612 | 36.16 | 150 |
| Total expenses | 234 | 156 | 155 | 62.55 | 559 | 466 | 2,575 |
| Employee cost | 0.00 | 10.46 | 24.15 | 4.03 | 39.97 | 72.86 | 112 |
| EBITDA | (232) | (146) | (134) | (1.88) | (230) | 6.35 | (1,231) |
| EBITDA margin | - | -1422.5% | -664.0% | -3.1% | -70.2% | +1.4% | -91.6% |
| Depreciation | 0.78 | 0.76 | 32.08 | 41.14 | 106 | 174 | 172 |
| Interest | 94.06 | 101 | 81.39 | 132 | 356 | 489 | 433 |
| Profit before tax | (112) | 657 | (105) | 1,624 | (80.77) | (620) | (1,686) |
| Tax | 0.00 | 0.00 | (0.83) | (26.46) | 0.26 | 0.62 | 1.11 |
| Net profit | (14.67) | (5.49) | (145) | (10.12) | (172) | (597) | (191) |
| Net profit margin | -824.2% | -53.5% | -716.0% | -16.7% | -52.4% | -126.5% | -14.2% |
| EPS (₹) | (5.41) | 31.89 | (5.71) | 79.73 | (3.79) | (29.97) | (81.24) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 207 | 207 | 207 | 207 | 207 | 207 | 207 |
| Reserves & surplus | (2,280) | (2,587) | (3,014) | (2,949) | (5,121) | (5,020) | (4,428) |
| Shareholders' funds (net worth) | (2,073) | (2,380) | (2,807) | (2,742) | (4,914) | (4,813) | (4,221) |
| Minority interest | 0.00 | 0.00 | 134 | 118 | 268 | 264 | 261 |
| Secured loans | 826 | 1,191 | 2,102 | 2,688 | 2,364 | 3,030 | 3,073 |
| Unsecured loans | 789 | 440 | 540 | 16.10 | 1,548 | 1,569 | 1,568 |
| Total debt | 1,615 | 1,631 | 2,642 | 2,704 | 3,912 | 4,599 | 4,641 |
| Total liabilities | (458) | (748) | (31.67) | 80.31 | (734) | 49.74 | 681 |
| Assets | |||||||
| Gross block | 85.17 | 3,169 | 3,227 | 3,210 | 2,897 | 4,039 | 4,124 |
| Net block | 44.31 | 27.45 | 26.12 | 57.75 | 112 | 884 | 1,003 |
| Capital work in progress | 228 | 180 | 0.00 | 0.00 | 0.00 | 16.41 | 10.80 |
| Investments | 0.00 | 0.04 | 0.04 | 37.72 | 40.38 | 6.23 | 0.00 |
| Inventories | 1.10 | 0.99 | 0.00 | 2.68 | 9.02 | 20.38 | 21.65 |
| Sundry debtors | 1.28 | 15.13 | 18.66 | 13.14 | 24.56 | 30.32 | 71.99 |
| Cash & bank balances | 2.96 | 6.31 | 23.91 | 25.38 | 29.56 | 27.58 | 44.30 |
| Loans & advances | 34.18 | 64.67 | 842 | 905 | 953 | 1,090 | 1,178 |
| Total current assets | 39.52 | 87.10 | 885 | 946 | 1,016 | 1,168 | 1,316 |
| Total current liabilities | 775 | 1,048 | 943 | 966 | 1,903 | 2,034 | 1,664 |
| Net working capital | (735) | (961) | (57.93) | (20.36) | (888) | (866) | (348) |
| Total assets | (458) | (748) | (31.67) | 80.31 | (734) | 49.74 | 681 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 4.17 | 18.95 | 25.38 | 18.13 | 27.08 | 39.12 | 16.74 |
| Net cash from operating activities | (130) | 531 | (46.50) | 514 | 140 | 96.56 | 210 |
| Net cash from investing activities | 340 | (335) | 111 | 463 | 478 | (22.38) | 74.81 |
| Net cash from financing activities | (212) | (211) | (70.52) | (969) | (627) | (86.22) | (263) |
| Net change in cash | (2.06) | (14.78) | (6.43) | 7.25 | (8.95) | (12.04) | 22.38 |
| Closing cash | 2.96 | 6.31 | 23.91 | 25.38 | 29.56 | 27.58 | 44.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -82.7% | -49.3% | -66.6% | -81.5% | -30.4% | -64.9% | - |
| EBITDA growth | -58.9% | -8.6% | -7048.9% | +99.2% | -3729.0% | +100.5% | - |
| PBT growth | - | +9998.0% | - | +9998.0% | +87.0% | +63.2% | +55.4% |
| Net income growth | -167.2% | +96.2% | -1331.9% | +94.1% | +71.2% | -212.9% | - |
| Revenue CAGR (3Y) | -69.2% | -68.5% | -65.0% | -64.4% | -36.9% | -26.9% | -15.1% |
| EBITDA CAGR (3Y) | +397.8% | -14.1% | - | -88.5% | -58.2% | - | - |
| Profitability & leverage | |||||||
| Net income margin | -6295.5% | +6399.3% | -515.4% | +2720.0% | -24.7% | -131.5% | -125.5% |
| Return on capital employed | - | +4.0% | 0.0% | +3.8% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | -5.6% | 0.0% | +1.2% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -40.42 | -68.54 | -48.89 | -305.83 | -105.98 | -291.91 | -30.83 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.00 | 0.01 | 0.02 | 0.09 | 0.12 | 0.24 |
| Inventory turnover | - | 20.73 | 15.10 | 10.37 | 22.34 | 22.46 | 52.04 |
| Debtors turnover | - | 0.61 | 1.27 | 3.22 | 11.97 | 9.23 | 11.81 |
| EPS (₹) | (5.41) | 31.89 | (5.71) | 79.73 | (3.79) | (29.97) | (81.24) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (114.97) | (135.63) | (132.48) | (237.40) | (232.54) | (203.95) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.04 | 0.04 | 0.04 | 0.01 | 4.25 | 5.19 | 5.11 | 5.60 |
| Revenue growth (YoY) | -99.1% | -99.2% | -99.2% | -99.8% | -7.4% | - | - | - |
| Other income | 1.19 | 208 | 308 | 108 | 47.78 | 46.20 | 74.38 | 204 |
| Total expenses | 1.79 | 1.13 | 69.16 | 1.18 | 2.60 | 6.41 | 6.05 | 50.23 |
| EBITDA | (1.75) | (1.09) | (69.12) | (1.17) | 1.65 | (1.22) | (0.94) | (44.63) |
| EBITDA margin | -4375.0% | -2725.0% | - | - | +38.8% | -23.5% | -18.4% | -797.0% |
| Depreciation | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 |
| Interest | 3.77 | 10.88 | 21.23 | 9.05 | 7.57 | 12.79 | 14.93 | 23.30 |
| Profit before tax | (4.52) | 196 | 217 | 97.53 | 41.67 | 32.00 | 58.32 | 136 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4.34 | 20.50 | 15.76 | 3.33 | 140 | 166 | 538 |
| Revenue growth | -78.8% | +30.1% | +373.3% | -97.6% | -15.6% | -69.2% | - |
| Other income | 672 | 545 | 50.07 | 1,788 | 733 | 10.76 | 12.53 |
| Total expenses | 74.07 | 118 | 89.32 | 29.71 | 897 | 149 | 3,183 |
| Employee cost | 0.00 | 8.72 | 7.61 | 3.65 | 33.39 | 52.62 | 55.40 |
| EBITDA | (69.73) | (97.07) | (73.56) | (26.38) | (757) | 16.66 | (2,645) |
| EBITDA margin | -1606.7% | -473.5% | -466.8% | -792.2% | -540.5% | +10.0% | -491.1% |
| Depreciation | 0.76 | 0.76 | 0.74 | 0.22 | 45.26 | 113 | 110 |
| Interest | 48.73 | 76.32 | 46.95 | 94.65 | 180 | 212 | 210 |
| Profit before tax | 553 | 371 | (71.18) | 1,666 | (250) | (297) | (2,952) |
| Tax | 0.00 | 0.00 | (0.83) | (26.46) | 0.26 | 0.62 | 1.11 |
| Net profit | 13.44 | 55.50 | (32.94) | (46.07) | (25.05) | (299) | (175) |
| Net profit margin | +309.7% | +270.7% | -209.0% | -1383.5% | -17.9% | -180.0% | -32.5% |
| EPS (₹) | 26.71 | 17.93 | (3.40) | 81.78 | (12.08) | (14.39) | (142.69) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 207 | 207 | 207 | 207 | 207 | 207 | 207 |
| Reserves & surplus | (957) | (1,510) | (1,881) | (1,810) | (3,503) | (3,254) | (2,956) |
| Shareholders' funds (net worth) | (750) | (1,303) | (1,674) | (1,603) | (3,296) | (3,047) | (2,749) |
| Secured loans | 743 | 1,115 | 1,394 | 392 | 973 | 1,630 | 1,651 |
| Unsecured loans | 0.05 | 143 | 540 | 1,544 | 1,538 | 1,674 | 1,792 |
| Total debt | 743 | 1,258 | 1,935 | 1,936 | 2,512 | 3,303 | 3,443 |
| Total liabilities | 11.00 | (44.49) | 260 | 332 | (785) | 257 | 695 |
| Assets | |||||||
| Gross block | 4.37 | 4.37 | 51.75 | 90.47 | 86.69 | 1,299 | 1,242 |
| Net block | 1.54 | 2.30 | 3.07 | 3.69 | 0.14 | 688 | 742 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.04 | 0.04 | 37.48 | 37.38 | 259 | 253 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.27 | 10.00 |
| Sundry debtors | 1.95 | 15.52 | 5.73 | 1.37 | 5.50 | 12.77 | 31.82 |
| Cash & bank balances | 1.37 | 2.58 | 5.89 | 19.77 | 18.93 | 13.19 | 6.38 |
| Loans & advances | 9.26 | 32.74 | 312 | 314 | 338 | 486 | 528 |
| Total current assets | 12.58 | 50.84 | 323 | 335 | 362 | 522 | 577 |
| Total current liabilities | 7.73 | 102 | 65.99 | 49.12 | 1,186 | 1,221 | 893 |
| Net working capital | 4.85 | (51.44) | 257 | 286 | (824) | (699) | (316) |
| Total assets | 11.00 | (44.49) | 260 | 332 | (785) | 257 | 695 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.43 | 4.79 | 0.71 | 7.50 | 13.19 | 6.36 | 4.15 |
| Net cash from operating activities | 5.85 | (53.13) | (70.02) | 84.33 | (16.38) | 104 | 155 |
| Net cash from investing activities | 614 | 428 | 79.76 | 12.52 | 459 | (62.76) | 18.60 |
| Net cash from financing activities | (620) | (379) | (5.65) | (104) | (448) | (34.64) | (171) |
| Net change in cash | 0.09 | (4.36) | 4.09 | (6.79) | (5.68) | 6.83 | 2.21 |
| Closing cash | 1.37 | 2.58 | 5.89 | 19.77 | 18.93 | 13.19 | 6.38 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -78.8% | +30.1% | +373.3% | -97.6% | -15.6% | -69.2% | - |
| EBITDA growth | +28.2% | -32.0% | -178.9% | +96.5% | -4642.9% | +100.6% | - |
| PBT growth | +48.9% | +9998.0% | - | +9998.0% | +16.0% | +89.9% | -85.4% |
| Net income growth | -75.8% | +268.5% | +28.5% | -83.9% | +91.6% | -70.6% | - |
| Revenue CAGR (3Y) | +9.2% | -47.3% | -54.4% | -81.6% | -34.2% | -36.4% | -6.5% |
| EBITDA CAGR (3Y) | +38.3% | -49.6% | - | -78.5% | -17.0% | +19.6% | - |
| Profitability & leverage | |||||||
| Net income margin | - | +1810.3% | -446.4% | - | -178.5% | -179.5% | -548.5% |
| Return on capital employed | - | +3.9% | 0.0% | +0.7% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | +3.1% | 0.0% | -4.8% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -69.13 | -78.01 | -63.19 | -355.83 | -22.47 | -221.30 | -7.62 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.73 | 0.22 | 0.04 | 0.20 | 0.13 | 0.44 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 30.21 | 17.22 | 49.90 |
| Debtors turnover | - | 1.93 | 4.44 | 0.97 | 15.33 | 7.44 | 15.01 |
| EPS (₹) | 26.71 | 17.93 | (3.40) | 81.78 | (12.08) | (14.39) | (142.69) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (62.95) | (80.89) | (77.47) | (159.26) | (147.19) | (132.81) |
To see the full year-wise statements and ratios of Essar Shipping Limited., buy the company report.
Board of directors of Essar Shipping Limited.
Essar Shipping Limited has 7 current directors and 38 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Dhirubhai Desai | Director | 30 Sep 2020 | 6 Years 0 Months | Current |
| Suresh Ramamirtham | Director | 31 Aug 2021 | 5 Years 1 Months | Current |
| Jayakumar | Director | 31 Aug 2021 | 5 Years 1 Months | Current |
| Ketan Kantibhai Shah | Director | 26 Sep 2025 | 1 Years 1 Months | Current |
| Sunil Bhargav Modak | Director | 08 Sep 2022 | 4 Years 1 Months | Current |
| Raichel Mathew | Director | 08 Sep 2022 | 4 Years 1 Months | Current |
Auditor
Essar Shipping Limited. is audited by CNK & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CNK & ASSOCIATES LLP | FY 2023 | 101961W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 73.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.10% and retail and other public shareholders hold 26.20%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 73.80% | 73.80% | 73.80% | 73.80% |
| Public | 26.20% | 26.20% | 26.20% | 26.20% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Dec 2023 | 100854163 | Others | ₹320 Cr | Open | |
| 31 May 2023 | 100729452 | Others | ₹306 Cr | Open | |
| 04 Dec 2013 | 10463775 | Yes Bank Limited | ₹70 Cr | Open | |
| 03 Sep 2011 | 10308355 | Loans and Agency Uk and Europe | ₹1,159.2 Cr | Open | |
| 08 Dec 2020 | 100394668 | Others | ₹90 Cr | Satisfied |
To see the full charge records of Essar Shipping Limited., buy the company report.
Total charge records: 23 View all charges
Legal cases
Essar Shipping Limited. has 61 court cases on record: 24 filed by Essar Shipping Limited, 37 filed against it. 10 cases are pending and 51 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 32 | 13 | 2 |
| District courts | 16 | 13 | 5 |
| NCLT | 7 | 6 | 1 |
| Supreme Court | 5 | 4 | 1 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 61)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (4805-Others : Matters not falling under any other category.) | Filed against the company by Union of India and 4 others | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by L&T Finance Ltd | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by L&T Finance Limited and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS WARRENT CASES SW) | Filed by the company against Ms. R. C. Coastal Exports Pvt. Ltd. | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Phoenix Arc Pvt Ltd Trustee of Phoenix Trust Fy 22-16 | Disposed |
To see the full case history of Essar Shipping Limited., buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Essar Shipping Limited. has 5 MSME Form 1 returns on record between 2018 and 2019, listing 57 overdue payments to 12 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Sigma Tech India Private Limited | |||
| SHM Shipcare |
To see the full MSME payment records of Essar Shipping Limited., buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Essar Shipping Limited has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Starbit Oilfields Services India Limited | U11200MH2016PLC280188 | |
| Ogd Services Limited | U93090MH2006PLC163779 |
To see the full group structure of Essar Shipping Limited., buy the company report.
GST
Essar Shipping Limited has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCE3707D1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Essar Shipping Limited., buy the company report.
Recent activity
Essar Shipping Limited. has 76 board changes on record since 2010: 42 appointments and 34 cessations. The latest: Habib Jan was appointed as Company Secretary on 04 Oct 2025.
114 earlier events are in the company report.
News
Frequently asked questions
Essar Shipping Limited is an active public limited company based in Khambhalia, Gujarat, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 16 April 2010 (16+ years old) and is registered under CIN L61200GJ2010PLC060285. Listed on BSE: 533704 and NSE: ESSARSHPNG.
Essar Shipping Limited reported revenue of ₹1.78 Cr for FY 2025-26 (down 82.7% YoY) based on consolidated financials.
Essar Shipping Limited has 7 current directors:
- Vipin Jain - Whole-Time Director
- Rajesh Dhirubhai Desai - Director
- Suresh Ramamirtham - Director
- Jayakumar - Director
- Ketan Kantibhai Shah - Director
- Sunil Bhargav Modak - Director
- Raichel Mathew - Director
The latest financial statements of Essar Shipping Limited on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Essar Shipping Limited is 27AACCE3707D1Z2, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Essar Shipping Limited is L61200GJ2010PLC060285. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Essar Shipping Limited is a listed company as per MCA records. Its shares are listed on both BSE (code: 533704) and NSE (symbol: ESSARSHPNG).
Essar Shipping Limited has 61 court cases on record: 24 filed by the company and 37 filed against it. 10 are pending. Most are in the high courts.
Essar Shipping Limited was incorporated on 16 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Habib Jan was appointed as Company Secretary on 04 Oct 2025. Ketan Kantibhai Shah was appointed as Director on 26 Sep 2025. Srinivasan Vaidyanathan ceased to be Additional Director on 21 Jul 2025. Essar Shipping Limited has 76 board changes on record in total.
Essar Shipping Limited has 5 MSME Form 1 returns on record between 2018 and 2019, listing 57 overdue payments to 12 micro and small suppliers. The latest return was filed on 21 Oct 2019.