Essar Shipping Limited, incorporated in 2010 and headquartered in Mumbai, India, is an integrated logistics services provider operating as a subsidiary of the Essar Group. The company trades on the NSE under the symbol ESSARSHPNG. It is a key player in India's maritime and logistics sector, offering a diversified range of services.
Essar Shipping's maritime operations are extensive, spanning multiple geographies and providing essential sea transportation, logistics, and oilfields services across India, Mauritius, and Indonesia. The company's sea transportation business boasts a diversified fleet of 12 vessels, backed by over 220 ship-years of experience. With a combined tonnage of 1.12 million, it efficiently handles crude oil and bulk commodity transportation for leading Indian and global oil majors and commodity traders. This positions Essar Shipping as one of the largest Dry Bulk shipping operators along the Indian Coast and notably, the only Indian private operator to own a Very Large Crude Carrier (VLCC).
The fleet is composed of various vessel types tailored for different cargo needs, including tankers and dry bulkers for fleet operating and chartering activities. Complementing its maritime capabilities, the company also provides robust inland logistics services utilizing a fleet of trucks, trailers, and tippers.
Beyond its core shipping operations, Essar Shipping has cultivated a significant presence in the oilfields services sector. It offers contract drilling services to global oil majors, supported by a fleet that includes 13 onshore rigs and one semi-submersible offshore rig, with two new jack-up rigs currently on order.
Essar Shipping manages a substantial fleet of 4,200 trucks dedicated to the inland transportation of steel and petroleum products. The company also owns transhipment assets crucial for providing lighterage support services. Its comprehensive logistics offerings include onshore & offshore logistics, end-to-end supply chain solutions from ships to ports, lighterage services to plants, intra-plant logistics, and the dispatching of finished products directly to the end customer.
As of the latest trading session, Essar Shipping Ltd commands a market capitalization of ₹591.54 Cr. The stock has experienced a 52-week high of ₹71.54 and a 52-week low of ₹21.5.
Essar Shipping Ltd reported a net profit of ₹12.78 Cr for Q4 2024-2025, marking an impressive 119.84% increase compared to the same period last year. However, on a sequential quarterly basis, net profits saw a decline of -67.81% from the previous quarter.
For the September 2024 quarter (Q2 FY25), income from operations stood at Rs 147.81 crore, a significant increase from Rs 11.77 crore in the same period last year. Profit before tax was reported at Rs 65.33 crore in Q2 FY25, contrasting with a pre-tax loss of Rs 33.59 crore in Q2 FY24.
The company has exhibited a mixed financial performance trend over recent years. While it has recorded a sales growth of -62.3% over the past five years, it has simultaneously delivered a strong profit growth of 19.7% CAGR over the same period.
- Market Cap: ₹591.54 Cr (as per latest trading data)
- TTM Profit: Data not explicitly provided in the non-formatted file for 'TTM Profit' to match the example's format, but recent quarterly results show profitability.
- Promoter Holding: 73.8% (as of March 2025)
Essar Shipping Ports & Logistics Ltd holds the distinction of being the first Indian shipping company to obtain the International Safety Management Code (ISM) in 1995. It is also ISO 14001 certified. Furthermore, the company is the first and only Indian shipping company certified by the American Bureau of Shipping for compliance with ISO 9001:2008, ISO 14001:2004, and OHSAS 18001:2007 standards for its operations of bulk carriers and tankers.
The company demonstrates a strong commitment to environmental responsibility. Pioneering with a sense of responsibility is central to its ethos, with initiatives such as paperless navigation, fitting scrubbers on-board, and the implementation of Green Passports being key elements of its sustainability drive. Essar Shipping powers its ships with IMO-compliant fuel, actively participating in industry-wide efforts to ensure climate-smart operations.
All financial results submitted by the Company for quarters ending March 2025 and thereafter are available under Integrated Filing - Financials. The Annual Secretarial Compliance Report for the fiscal year ended March 31, 2025, was filed by Essar Shipping Limited on May 30.
The company continues to prioritize transparency in its operations while adeptly navigating the cyclical nature of the shipping industry. It focuses on leveraging its diversified business model, which encompasses shipping, logistics, and oilfields services, to maintain operational resilience and drive sustained growth.
