Essar Shipping Limited.

BSE: 533704 NSE: ESSARSHPNG
Essar Shipping Limited. - transport and logistics in Khambhalia, Gujarat, India. FY 2026 financials and compliance.
CIN L61200GJ2010PLC060285 Incorporated 16 April 2010 ROC Ahmedabad HQ Khambhalia, Gujarat, India
Active Listed - NSE: ESSARSHPNG · BSE: 533704 Public Limited Company transport and logistics
Data last updated
Revenue · FY 2026
₹1.78 Cr
▼ 82.65% YoY
EBITDA · FY 2026
₹80.17 Cr
▼ 57.26% YoY
Net profit · FY 2026
-₹112.07 Cr
▼ 116.98% YoY
Authorised capital
₹650 Cr
Registered with MCA
Paid-up capital
₹206.98 Cr
Issued & subscribed
Open charges
₹2,475.2 Cr
Satisfied ₹1,659.26 Cr
Company age
16 yrs
Est. 2010
Last financials
Mar 2024
Balance sheet date

About Essar Shipping Limited.

Data last updated: 22 December 2025

Essar Shipping Limited. is a public limited company based in Khambhalia, Gujarat, India, a subsidiary of Essar Shipping Mauritius Holdings Limited. It specialises in shipping and maritime services, a part of the broader transport and logistics sector. Incorporated on 16 April 2010, the company has been in operation for over 16 years.

Registered with ROC Ahmedabad under CIN L61200GJ2010PLC060285. Listed on BSE: 533704 and NSE: ESSARSHPNG.

Capital: an authorised share capital of ₹650 Cr and a paid-up capital of ₹206.98 Cr. Formerly known as Essar Ports & Terminals Limited. It is led by directors including Sunil Bhargav Modak and Rajesh Dhirubhai Desai.

Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: Ebtsl Premises Er – 2 Building(Admn. Building)Salaya 44 Km P.B. No 7Taluka Khambhalia Devbhu, Mi Dwarka, Gujarat, India – 361305.

As per the financials filed for FY 2025, the company reported a revenue of ₹247.34 Cr, reflecting significant growth compared to the previous year.

It operates as a subsidiary of Essar Shipping Mauritius Holdings Limited. Its group structure includes 2 subsidiaries.

As per MCA filings, the company has open charges of ₹2,475.2 Cr and satisfied charges of ₹1,659.26 Cr on record.

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 of Essar Shipping Limited.
CIN L61200GJ2010PLC060285
Registration Number 060285
Incorporation Date 16 April 2010
ROC Ahmedabad
Listing Status Listed (BSE: 533704, NSE: ESSARSHPNG)
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Essar Shipping Mauritius Holdings Limited
Compliance Status Active Compliant
Key People
Vipin Jain Whole-Time Director Sunil Bhargav Modak Director Rajesh Dhirubhai Desai Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    essar.com
  • Social Media
  • Registered Address
    Ebtsl Premises Er – 2 Building(Admn. Building)Salaya 44 Km P.B. No 7Taluka Khambhalia Devbhu, Mi Dwarka, Gujarat, India – 361305
  • Industry
    Transport and Logistics, Shipping & Maritime Services
Company report
Essar Shipping Limited. - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Essar Shipping Limited. in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Essar Shipping Limited.

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

Business Activity of Essar Shipping Limited.

Essar Shipping Limited. is engaged in the principal business activity of transport and storage, with detailed activities including water transport.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
H Transport and storage H3 Water transport *********

Auditor Details of Essar Shipping Limited.

Essar Shipping Limited. is audited by Manohar Chowdhry & Associates (ICAI peer reviewed, certificate valid till 2027-09-30) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
Manohar Chowdhry & Associates (ICAI peer reviewed, certificate valid till 2027-09-30) FY 2026 Declaration of unmodified opinion

Board of Directors of Essar Shipping Limited.

Essar Shipping Limited. is currently managed by 9 directors, with 42 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Sunil Bhargav Modak
Also directs: Essar Shipping Limited.
Director 08 Sep 2022 3 Years 10 Months Current
Rajesh Dhirubhai Desai
Also directs: Essar Shipping Limited.
Director 30 Sep 2020 5 Years 9 Months Current
Raichel Mathew
Also directs: Essar Shipping Limited.
Director 08 Sep 2022 3 Years 10 Months Current
Jayakumar
Also directs: Essar Shipping Limited.
Director 31 Aug 2021 4 Years 10 Months Current
Suresh Ramamirtham
Also directs: Essar Shipping Limited.
Director 31 Aug 2021 4 Years 10 Months Current
Vipin Jain
Also directs: Essar Shipping Limited.
Whole-Time Director 28 May 2024 2 Years 1 Months Current
Showing 6 of 9 current directors. View all directors

Financials of Essar Shipping Limited. FY 2026 filings available

Essar Shipping Limited. reported revenue of ₹1.78 Cr (down 82.65% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹1.78 Cr ▼ 82.65%
Profit · FY 2026
-₹112.07 Cr ▼ 116.98%
EBITDA · FY 2026
₹80.17 Cr ▼ 57.26%
Revenue₹ Cr · Consolidated05001,0001,500FY 2020: ₹1,344 Cr1,344FY 2020FY 2021: ₹473 Cr · -64.8% YoY473-64.8%FY 2021FY 2022: ₹328 Cr · -30.6% YoY328-30.6%FY 2022FY 2023: ₹61 Cr · -81.5% YoY60.7-81.5%FY 2023FY 2024: ₹20 Cr · -66.6% YoY20.2-66.6%FY 2024FY 2025: ₹10 Cr · -49.3% YoY10.3-49.3%FY 2025FY 2026: ₹2 Cr · -82.7% YoY1.8-82.7%FY 2026
Net Profit₹ Cr · Consolidated-2,000-1,00001,0002,000FY 2020: ₹1,687 Cr (loss)-1,687FY 2020FY 2021: ₹621 Cr (loss) · +63.2% YoY-621FY 2021FY 2022: ₹78 Cr (loss) · +87.4% YoY-78FY 2022FY 2023: ₹1,650 Cr · +2215.2% YoY1,650+2215.2%FY 2023FY 2024: ₹104 Cr (loss) · -106.3% YoY-104FY 2024FY 2025: ₹660 Cr · +732.8% YoY660+732.8%FY 2025FY 2026: ₹112 Cr (loss) · -117% YoY-112FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year-150-100-50050100150Q1'25: ₹3 Cr · -76.7% YoY2.5-76.7%Q1'25Q2'25: ₹148 Cr · +3394.3% YoY148+3394.3%Q2'25Q3'25: ₹3 Cr · +19% YoY3.1+19%Q3'25Q4'25: ₹143 Cr (loss) · -5736.2% YoY-143Q4'25Q1'26: ₹2 Cr · -33.5% YoY1.7-33.5%Q1'26Q2'26: ₹0 Cr · -100% YoY0-100%Q2'26Q3'26: ₹0 Cr · -100% YoY0-100%Q3'26Q4'26: ₹0 Cr · +100% YoY0+100%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹1.78 Cr ₹10.26 Cr ₹20.24 Cr ₹60.67 Cr ₹328.34 Cr ₹473.03 Cr ₹1,344.16 Cr
Other Income ₹96.15 Cr ₹237.08 Cr ₹62.38 Cr ₹103.92 Cr ₹224.84 Cr ₹35.13 Cr ₹150.14 Cr
Total Income ₹97.93 Cr ₹247.34 Cr ₹82.62 Cr ₹164.59 Cr ₹553.18 Cr ₹508.16 Cr ₹1,494.3 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹898.9 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹5.54 Cr ₹10.46 Cr ₹24.15 Cr ₹4.03 Cr ₹39.97 Cr ₹72.86 Cr ₹111.56 Cr
Finance Costs ₹94.06 Cr ₹100.55 Cr ₹81.39 Cr ₹131.57 Cr ₹356.47 Cr ₹488.69 Cr ₹432.58 Cr
Depreciation & Amortisation ₹78 Lakh ₹76 Lakh ₹32.08 Cr ₹41.14 Cr ₹105.92 Cr ₹173.76 Cr ₹172.25 Cr
Other Expenses ₹12.22 Cr ₹49.32 Cr ₹63.08 Cr ₹24.42 Cr ₹225.4 Cr ₹369.38 Cr ₹73.09 Cr
Total Expenses ₹112.6 Cr ₹161.09 Cr ₹200.7 Cr ₹201.16 Cr ₹727.76 Cr ₹1,104.69 Cr ₹1,688.38 Cr
Profit Before Exceptional Items & Tax -₹14.67 Cr ₹86.25 Cr -₹118.08 Cr -₹36.57 Cr -₹174.58 Cr -₹596.53 Cr -₹194.08 Cr
Exceptional Items -₹97.4 Cr ₹570.32 Cr ₹12.94 Cr ₹1,660.33 Cr ₹93.81 Cr -₹23.41 Cr -₹1,491.66 Cr
Profit Before Tax -₹112.07 Cr ₹656.57 Cr -₹105.14 Cr ₹1,623.76 Cr -₹80.77 Cr -₹619.94 Cr -₹1,685.74 Cr
Total Tax Expense ₹0 ₹0 -₹83 Lakh -₹26.46 Cr ₹26 Lakh ₹62 Lakh ₹1.11 Cr
Net Profit -₹112.07 Cr ₹660.08 Cr -₹104.31 Cr ₹1,650.46 Cr -₹78.03 Cr -₹620.56 Cr -₹1,686.85 Cr
  attributable to Owners -₹112.07 Cr ₹660.08 Cr -₹118.51 Cr ₹1,650.38 Cr -₹78.49 Cr -₹620.41 Cr -₹1,681.5 Cr
  attributable to NCI ₹0 ₹0 ₹13.78 Cr ₹24 Lakh ₹46 Lakh -₹15 Lakh -₹5.35 Cr
Other Comprehensive Income ₹0 -₹17 Lakh -₹41 Lakh ₹17 Lakh ₹23 Lakh -₹10 Lakh ₹2.91 Cr
Total Comprehensive Income -₹112.07 Cr ₹659.91 Cr -₹104.72 Cr ₹1,650.63 Cr -₹77.8 Cr -₹620.66 Cr -₹1,683.94 Cr
EBITDA (computed) ₹80.17 Cr ₹187.56 Cr -₹4.61 Cr ₹136.14 Cr ₹287.81 Cr ₹65.92 Cr ₹410.75 Cr
Basic EPS ₹-0.71 ₹4.35 ₹-5.67 ₹-0.41 ₹-8.30 ₹-29.98 ₹-81.50
Diluted EPS ₹-0.71 ₹4.35 ₹-5.67 ₹-0.41 ₹-8.30 ₹-29.98 ₹-81.50
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹317.02 Cr ₹299.57 Cr ₹911.02 Cr ₹1,046.52 Cr
Non-current Assets ₹277.51 Cr ₹212.43 Cr ₹26.22 Cr ₹98.96 Cr
Current Assets ₹39.51 Cr ₹62.96 Cr ₹884.8 Cr ₹947.56 Cr
Property, Plant & Equipment ₹44.31 Cr ₹27.45 Cr ₹26.12 Cr ₹57.75 Cr
Inventories ₹1.1 Cr ₹99 Lakh ₹0 ₹2.68 Cr
Trade Receivables ₹1.28 Cr ₹15.13 Cr ₹18.66 Cr ₹13.14 Cr
Cash & Equivalents ₹2.96 Cr ₹6.31 Cr ₹23.91 Cr ₹25.38 Cr
Equity (Net Worth) -₹2,073.15 Cr -₹2,379.63 Cr -₹2,673.65 Cr -₹2,623.62 Cr
Equity Share Capital ₹206.98 Cr ₹206.98 Cr ₹206.98 Cr ₹206.98 Cr
Borrowings (Non-current) ₹1,531.84 Cr ₹1,405.64 Cr ₹622.74 Cr ₹398.19 Cr
Borrowings (Current) ₹83.65 Cr ₹225.58 Cr ₹2,019.24 Cr ₹2,305.74 Cr
Total Debt (computed) ₹1,615.49 Cr ₹1,631.22 Cr ₹2,641.98 Cr ₹2,703.93 Cr
Current Liabilities ₹858.33 Cr ₹1,273.4 Cr ₹2,961.93 Cr ₹3,271.95 Cr
Total Liabilities ₹2,390.17 Cr ₹2,679.2 Cr ₹3,584.67 Cr ₹3,670.14 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹129.46 Cr ₹530.63 Cr -₹46.5 Cr ₹513.62 Cr ₹140.29 Cr
Investing Cash Flow ₹26.64 Cr ₹267.55 Cr ₹56.72 Cr ₹90.3 Cr ₹492.95 Cr
Financing Cash Flow -₹212.12 Cr -₹210.73 Cr -₹70.52 Cr -₹968.92 Cr -₹626.74 Cr
Capital Expenditure ₹0 ₹0 ₹0 ₹0 ₹0
Free Cash Flow (computed) -₹129.46 Cr ₹530.63 Cr -₹46.5 Cr ₹513.62 Cr ₹140.29 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash -₹2.05 Cr -₹14.78 Cr -₹6.43 Cr -₹365 Cr -₹8.96 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹4 Lakh ₹4,000 ₹1 Lakh ₹1.69 Cr -₹143.16 Cr ₹3.07 Cr ₹147.81 Cr ₹2.54 Cr ₹2.54 Cr ₹2.58 Cr ₹4.23 Cr ₹10.89 Cr
Other Income ₹31.75 Cr ₹16.56 Lakh ₹3 Lakh ₹47.82 Cr ₹58.95 Cr ₹68.94 Cr ₹100.16 Cr ₹9.03 Cr ₹10.89 Cr ₹6.36 Cr ₹7.53 Cr ₹37.59 Cr
Total Income ₹31.79 Cr ₹16.6 Lakh ₹4 Lakh ₹49.51 Cr -₹84.21 Cr ₹72.01 Cr ₹247.97 Cr ₹11.57 Cr ₹13.43 Cr ₹8.94 Cr ₹11.76 Cr ₹48.48 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹1.32 Cr ₹1.18 Lakh ₹1.5 Cr ₹1.54 Cr -₹1.06 Cr ₹7.13 Cr ₹1.99 Cr ₹2.4 Cr ₹8.58 Cr ₹5.77 Cr ₹7.24 Cr ₹2.57 Cr
Finance Costs ₹27.62 Cr ₹33.1 Lakh ₹17.8 Cr ₹15.54 Cr ₹20.88 Cr ₹22.53 Cr ₹28.15 Cr ₹28.99 Cr ₹44.6 Cr ₹15.77 Cr ₹9.53 Cr ₹11.49 Cr
Depreciation & Amortisation ₹19 Lakh ₹20,000 ₹20 Lakh ₹19 Lakh ₹19 Lakh ₹19 Lakh ₹19 Lakh ₹19 Lakh -₹9 Lakh ₹10.77 Cr ₹10.79 Cr ₹10.61 Cr
Other Expenses ₹2.33 Cr ₹3.32 Lakh ₹1.69 Cr ₹4.88 Cr -₹111.71 Cr ₹4.15 Cr ₹152.3 Cr ₹8.98 Cr ₹25.66 Cr ₹13.34 Cr ₹17.8 Cr ₹5.79 Cr
Total Expenses ₹31.46 Cr ₹37.8 Lakh ₹21.19 Cr ₹22.15 Cr -₹91.7 Cr ₹34 Cr ₹182.63 Cr ₹40.56 Cr ₹78.75 Cr ₹45.65 Cr ₹45.36 Cr ₹30.46 Cr
Profit Before Exceptional Items & Tax ₹33 Lakh -₹21.2 Lakh -₹21.15 Cr ₹27.36 Cr ₹7.49 Cr ₹38.01 Cr ₹65.34 Cr -₹28.99 Cr -₹65.32 Cr -₹36.71 Cr -₹33.6 Cr ₹18.02 Cr
Exceptional Items -₹35.9 Cr -₹67 Lakh ₹5.5 Cr ₹0 ₹5.27 Cr ₹1.2 Cr ₹573.78 Cr -₹5.54 Cr ₹12.13 Cr -₹4.64 Cr -₹3.15 Cr ₹8.11 Cr
Profit Before Tax -₹35.57 Cr -₹88.2 Lakh -₹15.65 Cr ₹27.36 Cr ₹12.76 Cr ₹39.21 Cr ₹639.12 Cr -₹34.53 Cr -₹53.19 Cr -₹41.35 Cr -₹36.75 Cr ₹26.13 Cr
Total Tax Expense ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 -₹83 Lakh ₹0
Net Profit -₹35.57 Cr -₹88.2 Lakh -₹15.65 Cr ₹27.36 Cr ₹12.76 Cr ₹39.7 Cr ₹642.14 Cr -₹34.53 Cr -₹53.19 Cr -₹41.35 Cr -₹35.92 Cr ₹26.13 Cr
  attributable to Owners -₹35.57 Cr -₹82.39 Lakh -₹15.65 Cr ₹0 ₹12.77 Cr ₹39.7 Cr ₹642.54 Cr -₹34.94 Cr -₹64.35 Cr -₹43.78 Cr -₹35.98 Cr ₹26.06 Cr
  attributable to NCI ₹0 ₹0 - ₹0 ₹0 ₹0 -₹40 Lakh ₹40 Lakh ₹11.21 Cr ₹2.43 Cr ₹7 Lakh ₹7 Lakh
Other Comprehensive Income -₹39 Lakh ₹0 ₹39 Lakh ₹0 -₹3 Lakh -₹7 Lakh ₹3 Lakh -₹10 Lakh ₹5 Lakh -₹15 Lakh ₹39 Lakh ₹8 Lakh
Total Comprehensive Income -₹35.96 Cr -₹88.2 Lakh -₹15.26 Cr ₹27.36 Cr ₹12.73 Cr ₹39.63 Cr ₹642.17 Cr -₹34.63 Cr -₹53.14 Cr -₹41.5 Cr -₹35.53 Cr ₹26.21 Cr
EBITDA (computed) ₹28.14 Cr ₹12.1 Lakh -₹3.15 Cr ₹43.09 Cr ₹28.56 Cr ₹60.73 Cr ₹93.68 Cr ₹19 Lakh -₹20.81 Cr -₹10.17 Cr -₹13.28 Cr ₹40.12 Cr
Basic EPS ₹-0.02 ₹-4.26 ₹-1.02 ₹1.32 ₹0.36 ₹1.92 ₹3.30 ₹-1.40 ₹-3.16 ₹-1.77 ₹-1.58 ₹0.87
Diluted EPS ₹-0.02 ₹-4.26 ₹-1.02 ₹1.32 ₹0.36 ₹1.92 ₹3.30 ₹-1.40 ₹-3.16 ₹-1.77 ₹-1.58 ₹0.87
Latest 12 quarters shown of 25 on record.
Segment · Q3 FY25 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Fleet Operating and Chartering ₹5.11 Cr ₹62.22 Cr ₹79.45 Cr ₹242.47 Cr
Other Income Unallocted ₹68.94 Cr ₹1.2 Cr ₹0 ₹0
Rig Operating and Chartering ₹50 Lakh -₹1.67 Cr ₹207.31 Cr ₹991.64 Cr
Segment · FY 2023 (annual) Revenue Result (PBIT) Assets Liabilities
Fleet operating and chartering ₹3.33 Cr ₹78.78 Cr - -
Other income unallocated ₹103.93 Cr ₹0 - -
Rig operating and chartering ₹58.69 Cr ₹16.22 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹4.33 Cr ₹20.5 Cr ₹15.76 Cr ₹3.33 Cr ₹140.03 Cr ₹166.94 Cr ₹538.47 Cr
Other Income ₹65.67 Cr ₹292.79 Cr ₹34.36 Cr ₹35.53 Cr ₹162.06 Cr ₹8.96 Cr ₹12.53 Cr
Total Income ₹70 Cr ₹313.29 Cr ₹50.12 Cr ₹38.86 Cr ₹302.09 Cr ₹175.9 Cr ₹551 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹300.23 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹2.46 Cr ₹8.72 Cr ₹7.61 Cr ₹3.65 Cr ₹33.39 Cr ₹52.62 Cr ₹55.4 Cr
Finance Costs ₹48.73 Cr ₹76.32 Cr ₹46.95 Cr ₹94.65 Cr ₹180.22 Cr ₹212.16 Cr ₹209.87 Cr
Depreciation & Amortisation ₹76 Lakh ₹76 Lakh ₹74 Lakh ₹22 Lakh ₹45.26 Cr ₹112.53 Cr ₹110.35 Cr
Other Expenses ₹4.61 Cr ₹12.42 Cr ₹14.72 Cr ₹12.87 Cr ₹67.78 Cr ₹96.64 Cr ₹48.06 Cr
Total Expenses ₹56.56 Cr ₹98.22 Cr ₹70.02 Cr ₹111.39 Cr ₹326.65 Cr ₹473.95 Cr ₹723.91 Cr
Profit Before Exceptional Items & Tax ₹13.44 Cr ₹215.07 Cr -₹19.9 Cr -₹72.53 Cr -₹24.56 Cr -₹298.06 Cr -₹172.91 Cr
Exceptional Items ₹539.28 Cr ₹156.05 Cr -₹51.27 Cr ₹1,738.78 Cr -₹225.15 Cr ₹79 Lakh -₹2,779.42 Cr
Profit Before Tax ₹552.72 Cr ₹371.12 Cr -₹71.17 Cr ₹1,666.25 Cr -₹249.71 Cr -₹297.27 Cr -₹2,952.33 Cr
Total Tax Expense ₹0 ₹0 -₹83 Lakh -₹26.46 Cr ₹26 Lakh ₹62 Lakh ₹1.11 Cr
Net Profit ₹552.72 Cr ₹371.12 Cr -₹70.34 Cr ₹1,692.71 Cr -₹249.97 Cr -₹297.89 Cr -₹2,953.44 Cr
Other Comprehensive Income ₹39 Lakh -₹17 Lakh -₹41 Lakh ₹17 Lakh ₹23 Lakh ₹20 Lakh ₹2.91 Cr
Total Comprehensive Income ₹553.11 Cr ₹370.95 Cr -₹70.75 Cr ₹1,692.88 Cr -₹249.74 Cr -₹297.69 Cr -₹2,950.53 Cr
EBITDA (computed) ₹62.93 Cr ₹292.15 Cr ₹27.79 Cr ₹22.34 Cr ₹200.92 Cr ₹26.64 Cr ₹147.31 Cr
Basic EPS ₹0.65 ₹10.39 ₹-0.92 ₹-2.23 ₹-1.20 ₹-14.43 ₹-142.69
Diluted EPS ₹0.65 ₹10.39 ₹-0.92 ₹-2.25 ₹-1.20 ₹-14.43 ₹-142.69
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹18.74 Cr ₹57.78 Cr ₹326.38 Cr ₹381.53 Cr
Non-current Assets ₹6.15 Cr ₹6.91 Cr ₹3.17 Cr ₹44.66 Cr
Current Assets ₹12.59 Cr ₹26.69 Cr ₹323.21 Cr ₹336.87 Cr
Property, Plant & Equipment ₹1.54 Cr ₹2.3 Cr ₹3.07 Cr ₹3.69 Cr
Inventories ₹0 ₹0 ₹0 ₹0
Trade Receivables ₹1.96 Cr ₹15.52 Cr ₹5.73 Cr ₹1.37 Cr
Cash & Equivalents ₹1.37 Cr ₹43 Lakh ₹5.89 Cr ₹19.77 Cr
Equity (Net Worth) -₹749.89 Cr -₹1,303 Cr -₹1,674.24 Cr -₹1,603.47 Cr
Equity Share Capital ₹206.98 Cr ₹206.98 Cr ₹206.98 Cr ₹206.98 Cr
Borrowings (Non-current) ₹742.83 Cr ₹1,108.25 Cr ₹622.74 Cr ₹398.19 Cr
Borrowings (Current) ₹16 Lakh ₹150.1 Cr ₹1,311.89 Cr ₹0
Total Debt (computed) ₹742.99 Cr ₹1,258.35 Cr ₹1,934.63 Cr ₹398.19 Cr
Current Liabilities ₹7.9 Cr ₹252.37 Cr ₹1,377.88 Cr ₹35.95 Cr
Total Liabilities ₹768.63 Cr ₹1,360.78 Cr ₹2,000.62 Cr ₹1,985 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹5.85 Cr -₹53.13 Cr -₹70.02 Cr ₹84.32 Cr -₹16.38 Cr
Investing Cash Flow ₹614.21 Cr ₹428.05 Cr ₹79.77 Cr ₹12.52 Cr ₹458.83 Cr
Financing Cash Flow -₹619.97 Cr -₹379.29 Cr -₹5.66 Cr -₹103.64 Cr -₹448.13 Cr
Capital Expenditure ₹0 ₹0 ₹0 ₹3.86 Cr ₹0
Free Cash Flow (computed) ₹5.85 Cr -₹53.13 Cr -₹70.02 Cr ₹80.46 Cr -₹16.38 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash ₹9 Lakh -₹4.37 Cr ₹4.09 Cr -₹6.8 Cr -₹5.68 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹4 Lakh ₹4,000 ₹1 Lakh ₹4.25 Cr ₹5.19 Cr ₹5.11 Cr ₹5.6 Cr ₹4.59 Cr ₹4.57 Cr ₹4.58 Cr ₹4.55 Cr ₹2.06 Cr
Other Income ₹1.39 Cr ₹16.48 Lakh ₹1 Lakh ₹47.78 Cr ₹46.2 Cr ₹73.29 Cr ₹173.27 Cr ₹3 Lakh ₹2.69 Cr ₹11 Lakh ₹36 Lakh ₹31.2 Cr
Total Income ₹1.43 Cr ₹16.52 Lakh ₹2 Lakh ₹52.03 Cr ₹51.39 Cr ₹78.4 Cr ₹178.87 Cr ₹4.62 Cr ₹7.26 Cr ₹4.69 Cr ₹4.91 Cr ₹33.26 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹37 Lakh ₹50,000 ₹46 Lakh ₹1.13 Cr ₹2.67 Cr ₹2.24 Cr ₹1.7 Cr ₹2.11 Cr ₹2.53 Cr ₹1.71 Cr ₹1.98 Cr ₹1.39 Cr
Finance Costs ₹10.88 Cr ₹21.23 Lakh ₹9.05 Cr ₹7.57 Cr ₹12.79 Cr ₹14.93 Cr ₹23.3 Cr ₹25.3 Cr ₹37.67 Cr ₹6.26 Cr ₹45 Lakh ₹2.57 Cr
Depreciation & Amortisation ₹19 Lakh ₹19,000 ₹19 Lakh ₹19 Lakh ₹19 Lakh ₹19 Lakh ₹19 Lakh ₹19 Lakh ₹19 Lakh ₹19 Lakh ₹18 Lakh ₹18 Lakh
Other Expenses ₹77 Lakh ₹1.66 Lakh ₹72 Lakh ₹1.47 Cr ₹3.75 Cr ₹2.98 Cr ₹2.33 Cr ₹7.77 Cr ₹4.47 Cr ₹5.13 Cr ₹2.5 Cr ₹2.15 Cr
Total Expenses ₹12.21 Cr ₹23.58 Lakh ₹10.42 Cr ₹10.36 Cr ₹19.4 Cr ₹20.34 Cr ₹27.52 Cr ₹35.37 Cr ₹44.86 Cr ₹13.29 Cr ₹5.11 Cr ₹6.29 Cr
Profit Before Exceptional Items & Tax -₹10.78 Cr -₹7.06 Lakh -₹10.4 Cr ₹41.67 Cr ₹31.99 Cr ₹58.06 Cr ₹151.35 Cr -₹30.75 Cr -₹37.6 Cr -₹8.6 Cr -₹20 Lakh ₹26.97 Cr
Exceptional Items ₹206.92 Cr ₹2.24 Cr ₹107.93 Cr ₹0 ₹0 ₹26 Lakh -₹15.14 Cr ₹175.33 Cr -₹66.99 Cr -₹46 Lakh ₹2.27 Cr ₹13.44 Cr
Profit Before Tax ₹196.14 Cr ₹2.17 Cr ₹97.53 Cr ₹41.67 Cr ₹31.99 Cr ₹58.32 Cr ₹136.21 Cr ₹144.58 Cr -₹104.59 Cr -₹9.06 Cr ₹2.07 Cr ₹40.41 Cr
Total Tax Expense ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 -₹83 Lakh ₹0
Net Profit ₹196.14 Cr ₹2.17 Cr ₹97.53 Cr ₹41.67 Cr ₹31.99 Cr ₹58.32 Cr ₹136.21 Cr ₹144.58 Cr -₹104.59 Cr -₹9.06 Cr ₹2.9 Cr ₹40.41 Cr
Other Comprehensive Income ₹0 ₹0 ₹39 Lakh ₹0 -₹3 Lakh ₹7 Lakh ₹3 Lakh -₹10 Lakh ₹6 Lakh -₹15 Lakh -₹39 Lakh ₹8 Lakh
Total Comprehensive Income ₹196.14 Cr ₹2.17 Cr ₹97.92 Cr ₹41.67 Cr ₹31.96 Cr ₹58.39 Cr ₹136.24 Cr ₹144.48 Cr -₹104.53 Cr -₹9.21 Cr ₹2.51 Cr ₹40.49 Cr
EBITDA (computed) ₹29 Lakh ₹14.36 Lakh -₹1.16 Cr ₹49.43 Cr ₹44.97 Cr ₹73.18 Cr ₹174.84 Cr -₹5.26 Cr ₹26 Lakh -₹2.15 Cr ₹43 Lakh ₹29.72 Cr
Basic EPS ₹-0.52 ₹10.50 ₹-0.50 ₹2.01 ₹1.55 ₹2.82 ₹7.31 ₹-1.49 ₹-1.82 ₹-0.42 ₹0.03 ₹1.30
Diluted EPS ₹-0.52 ₹10.50 ₹-0.50 ₹2.01 ₹1.55 ₹2.82 ₹7.31 ₹-1.49 ₹-1.82 ₹-0.42 ₹0.03 ₹1.30
Latest 12 quarters shown of 25 on record.
Want more history and ratios?
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Shareholding Pattern of Essar Shipping Limited.

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 73.75%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.02%, retail and other public shareholders hold 26.22% of Essar Shipping Limited.. The company had 128,307 shareholders on record.

Promoters: 73.75%DII (Domestic Institutional): 0.02%Retail & Others: 26.22%
Mar 2026
QUARTER
73.75% Promoters
0.02% DII (Domestic Institutional)
26.22% Retail & Others
Promoter holding - history
Now 73.75% · Mar 2026High 75.00% · Dec 2015Low 73.75% · Sep 2023
72%73%74%75%76%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 75.00%Mar 2016: 74.37%Jun 2016: 74.37%Sep 2016: 74.37%Dec 2016: 74.37%Mar 2017: 74.37%Jun 2017: 74.37%Sep 2017: 74.37%Dec 2017: 74.37%Mar 2018: 74.37%Jun 2018: 74.37%Sep 2018: 74.37%Dec 2018: 74.37%Mar 2019: 74.37%Jun 2019: 74.37%Sep 2019: 74.37%Dec 2019: 74.37%Mar 2020: 74.37%Jun 2020: 74.37%Sep 2020: 74.37%Dec 2020: 74.37%Mar 2021: 74.37%Jun 2021: 74.37%Sep 2021: 74.37%Dec 2021: 74.37%Mar 2022: 74.37%Jun 2022: 74.37%Sep 2022: 74.37%Dec 2022: 74.37%Mar 2023: 74.37%Jun 2023: 74.37%Sep 2023: 73.75%Dec 2023: 73.75%Mar 2024: 73.75%Jun 2024: 73.75%Sep 2024: 73.75%Dec 2024: 73.75%Mar 2025: 73.75%Jun 2025: 73.75%Sep 2025: 73.75%Dec 2025: 73.75%Mar 2026: 73.75%75.00%73.75%73.75%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters73.75%73.75%73.75%73.75%73.75%73.75%
Public26.25%26.25%26.25%26.25%26.25%26.25%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters73.75%73.75%73.75%74.37%74.37%74.37%74.37%74.37%74.37%74.37%74.37%
Public26.25%26.25%26.25%25.63%25.63%25.63%25.63%25.63%25.63%24.86%24.79%
Employee Trusts0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.78%0.84%
Promoter change (YoY, %pts)+0.00+0.00-0.62+0.00+0.00+0.00+0.00+0.00+0.00+0.00-

Board & Governance of Essar Shipping Limited.

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Essar Shipping Limited. has 7 directors - 3 independent and 2 executive. The board is chaired by Suresh Ramamirtham.

DirectorPositionOn board sinceListed boards
Rajesh Desai Executive Director 2020-09-30 1
Jayakumar Non-Executive - Independent Director 2021-08-31 1
Suresh Ramamirtham Non-Executive - Independent Director · Chairperson 2021-08-31 1
Sunil Modak Non-Executive - Independent Director 2022-09-08 1
Vipin Jain Executive Director 2024-05-28 1
Ketan Kantibhai Shah Non-Executive - Non Independent Director 2025-09-26 1
Raichael Mathew Non-Executive - Non Independent Director 2022-09-08 1
Board Committees
CommitteeMembers
Audit Committee Suresh Ramamirtham (Chairperson), Sunil Modak, Rajesh Desai
Nomination and remuneration committee Sunil Modak (Chairperson), Suresh Ramamirtham, Raichael Mathew
Stakeholders Relationship Committee Sunil Modak (Chairperson), Raichael Mathew, Rajesh Desai
Corporate Social Responsibility Committee Sunil Modak (Chairperson), Raichael Mathew, Rajesh Desai
Share Transfer Committee Sunil Modak (Chairperson), Rajesh Desai, Raichael Mathew

Group Structure of Essar Shipping Limited.

Essar Shipping Limited. has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2020. The corporate group structure reflects Essar Shipping Limited.'s business expansion strategy and organizational complexity.

2
Subsidiary companies
1
Associated companies
Key Subsidiaries
Company Name CIN Shares Held
Starbit Oilfields Services India Limited U11200MH2016PLC280188 -
Ogd Services Limited U93090MH2006PLC163779 -

Showing major subsidiaries. Total: 2.

Charges & Borrowings of Essar Shipping Limited.

Open charges
₹2,475.2 Cr
Satisfied charges
₹1,659.26 Cr
Breakdown by lending institutions
Loans and Agency Uk and Europe₹1,159.20 Cr
Others₹716.00 Cr
Srei Infrastructure Finance Limited₹490.00 Cr
Yes Bank Limited₹70.00 Cr
Idbi Trusteeship Services Limited₹40.00 Cr
Latest charge details
DateLenderAmountStatus
18 Dec 2023 Others ₹320 Cr Open
31 May 2023 Others ₹306 Cr Open
08 Dec 2020 Others ₹90 Cr Open
03 May 2014 Srei Infrastructure Finance Limited ₹25 Cr Open
04 Dec 2013 Yes Bank Limited ₹70 Cr Open

Total charge records: 23 View all charges

Employees and EPFO Compliance at Essar Shipping Limited.

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2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Essar Shipping Limited.

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Essar Shipping Limited.

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Essar Shipping Limited.

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Essar Shipping Limited.

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Essar Shipping Limited.

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Essar Shipping Limited.

MSME Payment Delays by Essar Shipping Limited.

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Essar Shipping Limited.

Subsidiaries & Group Companies of Essar Shipping Limited.

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Essar Shipping Limited.

MCA Filings & Documents of Essar Shipping Limited.

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Essar Shipping Limited.

Charges
13 Nov 2025
A charge registered on 20 Aug 2014 via Charge ID 10521660 with Yes Bank Limited was fully satisfied on 13 Nov 2025.
Directors
26 Sep 2025
Ketan Shah Kantibhai was appointed as a Director on 26 Sep 2025 & has been associated with this company since 9 months 13 days.
Directors
29 Apr 2025
Bharat Modi was appointed as a Company Secretary on 29 Apr 2025 & has been associated with this company since 1 year 2 months.
Activity
30 Sep 2024
Essar Shipping Limited. last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Directors
19 Jun 2024
Vipin Jain was appointed as a CFO on 19 Jun 2024 & has been associated with this company since 2 years 20 days.
Directors
28 May 2024
Vipin Jain was appointed as a Whole-time director on 28 May 2024 & has been associated with this company since 2 years 1 month.

Recent News on Essar Shipping Limited.

Frequently Asked Questions about Essar Shipping Limited.

Essar Shipping Limited. is an active public limited company in the transport and logistics sector based in Khambhalia, Gujarat, India. 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 ₹247.34 Cr for FY 2025 (up 199.00% YoY).

The current directors of Essar Shipping Limited. are:

The primary industry of Essar Shipping Limited. is transport and logistics. The company specifically operates in shipping and maritime services. The company is currently active in this sector.

Yes. Essar Shipping Limited. is listed on both BSE (code: 533704) and NSE (symbol: ESSARSHPNG).

Essar Shipping Limited. can be reached at the registered office: Ebtsl Premises Er – 2 BuildingAdmn. BuildingSalaya 44 Km P.B. No 7Taluka Khambhalia Devbhu, Mi Dwarka, Gujarat, India – 361305, or through the website essar.com.

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