| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 0.0 | 1.7 | −97.6% |
| EBITDA | −3.0 | −4.7 | — |
| EBITDA margin | −7,475.0% | −279.9% | −7195.1 pts |
| Profit before tax | 230 | 27.4 | +742.1% |
| Net profit | 230 | 27.4 | +742.1% |
| EPS | ₹11.13 | ₹1.32 | +743.2% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 332 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 3.0 | 3.0 | 6.4 | 24.0 | 27.1 | ||
| 0.0 | 0.0 | 0.0 | 134 | 118 | ||
| 1,615 | 1,615 | 1,631 | 2,642 | 2,704 | ||
| 1,945 | — | — | — | — | ||
| — | 1.8 | 10.3 | 20.2 | 60.7 | ||
| — | −82.7% | −49.3% | −66.6% | — | ||
| −16.0 | −16.0 | −49.5 | −67.0 | 32.2 | ||
| −897.8% | −897.8% | −482.7% | −331.0% | 53.1% | ||
| −16.8 | −16.8 | −50.3 | −99.1 | −8.9 | ||
| — | −112 | 660 | −104 | 1,650 | ||
| −6,296.1% | −6,296.1% | 6,433.5% | −515.4% | 2,720.4% | ||
| — | −₹5.41 | ₹31.89 | −₹5.73 | ₹79.74 | ||
| — | −117.0% | +657.0% | −107.2% | — | ||
| — | −129 | 531 | −46.5 | 514 | ||
| −129 | −129 | 531 | −46.5 | 514 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 332.4 | |
| - Cash, Equiv & ST Investments | 27.1 | 24.0 | 6.4 | 3.0 | 3.0 | |
| + Minority Interest | 118.5 | 133.7 | 0.0 | 0.0 | 0.0 | |
| + Total Debt | 2,703.9 | 2,642.0 | 1,631.2 | 1,615.5 | 1,615.5 | |
| Enterprise Value | — | — | — | — | 1,944.9 | |
| Revenue | 60.7 | 20.2 | 10.3 | 1.8 | — | |
| Growth %, YoY | — | -66.6 | -49.3 | -82.7 | — | |
| EBITDA | 32.2 | -67.0 | -49.5 | -16.0 | -16.0 | |
| Margin % | 53.11 | -330.98 | -482.65 | -897.75 | -897.75 | |
| EBIT | -8.9 | -99.1 | -50.3 | -16.8 | -16.8 | |
| Net Income | 1,650.5 | -104.3 | 660.1 | -112.1 | — | |
| Margin % | 2,720.39 | -515.37 | 6,433.53 | -6,296.07 | -6,296.07 | |
| EPS, Adj (current shares) | 79.74 | -5.73 | 31.89 | -5.41 | — | |
| Growth %, YoY | — | -107.2 | +657.0 | -117.0 | — | |
| Cash from Operations | 513.6 | -46.5 | 530.6 | -129.5 | — | |
| Free Cash Flow | 513.6 | -46.5 | 530.6 | -129.5 | -129.5 | |
Prices at the previous close · figures from the company's filings with NSE
Essar Shipping (NSE: ESSARSHPNG) had a market capitalisation of ₹332 crore at the previous close (₹16.06 a share). In FY26 its consolidated net loss was ₹112 crore on revenue of ₹1.8 crore; in Q1 FY27 (April–June 2026) it was ₹231 crore, up 742.5% year on year. Its net worth was negative (−₹2,073 crore) on 31 March 2026, with borrowings of ₹1,615 crore. Promoters held 73.75% of the shares on 30 September 2026.
Essar Shipping's market capitalisation was ₹332 crore at the previous close: 20.7 crore shares at ₹16.06 each.
No. Essar Shipping had borrowings of ₹1,615 crore on 31 March 2026 (consolidated balance sheet). Its cash and current investments were ₹3 crore, so its net debt was ₹1,613 crore.
Essar Shipping's basic earnings per share (EPS) were −₹6.12 in FY26.
Essar Shipping's debt-to-equity ratio is not meaningful: its total equity was negative (−₹2,073 crore) on 31 March 2026, against borrowings of ₹1,615 crore. A negative equity means accumulated losses exceed the capital shareholders put in.
Essar Shipping's net worth was negative on 31 March 2026: shareholders' equity of −₹2,073 crore in its consolidated balance sheet, meaning accumulated losses exceed the capital put in. The market still values the company at ₹332 crore (market capitalisation at the previous close).
Essar Shipping's latest results are for Q1 FY27 (April–June 2026), filed on 12 August 2026: consolidated net profit ₹231 crore, up 742.5% from ₹27.4 crore in Q1 FY26; revenue from operations ₹4 lakh, down 97.6% year on year.
Essar Shipping's return on equity is not meaningful for FY26: shareholders' equity was negative (−₹2,073 crore on 31 March 2026), and a return on a negative base has no sign that can be read. Its return on capital employed (ROCE) was 2.2% — operating profit (EBIT) divided by average capital employed (total assets less current liabilities).
On 30 September 2026, Essar Shipping's shares were held by promoters 73.75%, foreign portfolio investors (FII/FPI) 0.13%, domestic institutions (DII) 0.02% (including mutual funds at 0.01%) and retail and other non-institutional investors 26.10%. Over the year, FII holding was up 0.13 percentage points from 0.00% and DII holding was unchanged.
In FY26, Essar Shipping generated ₹129 crore of cash from operations and spent ₹0 lakh on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹129 crore. In FY25 it was ₹531 crore.
Promoters held 73.75% of Essar Shipping on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
Essar Shipping has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
In FY26, Essar Shipping earned net profit of ₹112 crore on revenue of ₹1.8 crore, against ₹251 crore on ₹952 crore for Seamec. Essar Shipping's operating margin was −941.6% (Seamec 25.5%).
In FY26 (April 2025–March 2026), Essar Shipping's consolidated net loss was ₹112 crore, against a profit of ₹660 crore in FY25, on revenue from operations of ₹1.8 crore (down 82.7%).
On FY26 consolidated figures, against Seamec and Shreeji Shipping Global: Essar Shipping's operating margin of −941.6% is the lowest of the three (Seamec 25.5%, Shreeji Shipping Global 26.4%; peer average 25.9%).
From Essar Shipping's own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.