Essar Shipping Ltd

NSE
ESSARSHPNG •
BUY

1W Return

-%

1M Return

-%

6M Return

-%

1Y Return

-%

3Y Return

-%

Start SIP in Essar Shipping Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
290.13% Gain from 52W Low
76.5
TTM PE Ratio
Low in industry
2
Price to Book Ratio
Negative Price to Book
-0.2
Dividend yield 1yr %
0
TTM PEG Ratio
0
RSI
RSI is mid-range
50.8
MFI
MFI is mid-range
54.9

Essar Shipping Ltd Key Financials

*All values are in ₹ Cr.

Essar Shipping Ltd shareholding Pattern

Promoter
73.8%
Public
26.2%

Essar Shipping Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
14
Bearish Moving Averages
2
5Day EMA
28.80
10Day EMA
28.70
12Day EMA
28.80
20Day EMA
29.30
26Day EMA
29.40
50Day EMA
28.80
100Day EMA
25.50
200Day EMA
20.70
Delivery & Volume
Resistance & Support
29.23
Pivot
Resistance
First Resistance
30.07
Second Resistance
30.48
Third Resistance
31.32
Support
First Support
28.82
Second support
27.98
Third Support
27.57
Relative Strength Index
50.79
Money Flow Index
54.92
MACD
-0.61
MACD Signal
-0.61
Average True Range
1.64
Average Directional Index
17.63
Rate of Change (21)
-3.10
Rate of Change (125)
115.64

Essar Shipping Ltd Company background

Founded in: 2010
Essar Shipping Ltd is a part of the multinational conglomerate Essar Group. The company is an integrated logistics solution provider with investments in logistics services, sea transportation and oilfield drilling services. The companys integrated business model provides endtoend logistics, shipping and oilfield services to its customers in a very costeffective manner.The company has a diversified fleet of 26 vessels, including VLCCs, Capesizes, Supramaxes, mini bulk carriers and tugs. The Oilfields Services business provides contract drilling services to oil gas companies across the globe. This business owns one semisubmersible rig and 12 land rigs. The Logistics business provides endtoend logistics services from ships to ports, lighterage services to plants, intraplant logistics and dispatching finished products to the final customer. This business owns transshipment assets to provide lighterage support services, and onshore offshore logistics services. The subsidiaries companies are, Essar Logistics Ltd, Essar Oilfields Services Ltd, Essar Oilfield Services (India) Ltd, Energy Transportation International Ltd and Energy II Ltd.Essar Shipping Ltd was incorporated on April 16, 2010 with the name of Essar Ports Terminals Ltd in the State of Gujarat. The company received the certificate of commencement of business on June 1, 2010. The main object of the company on incorporation was to carry on the business inter alia of providing ports and terminals services. In August 25, 2010, the main objects of the company were expanded to inter alia provide shipping logistics and oilfields services business. The name of the company was changed from Essar Ports Terminals Ltd to Essar Shipping Ltd with effect from September 7, 2010.The Honble High Court of Gujarat at Ahmedabad vide order dated March 1, 2011 approved the composite scheme of arrangement (scheme) between Essar Shipping Ports Logistics Ltd (ESPLL), Essar Ports Terminals Ltd (EPTL), Mauritius, Essar International Ltd (EIL) Mauritius and Essar Shipping Ltd (ESL). The scheme provided for the merger of EPTL and EIL with ESPLL and the demerger of the Shipping Logistics Business and the Oilfields Services Business into ESL.Pursuant to the scheme, all the assets and liabilities pertaining to the Shipping Logistics Business and the Oilfields Services Business stood transferred to and become vested in Essar Shipping Ltd with effect from October 1, 2010. Upon the scheme becoming effective, the company ceased to be a subsidiary of Essar Shipping Ports Logistics Ltd with effect from October 1, 2010. In July 27, 2011, the company acquired a 152,065 DWT cape see dry bulk carrier.The company has placed orders for 12 new ships, which are expected to join the fleet over the next 24 months. A sizeable part of the capacity is deployed on longterm contracts and COAs, insulating the company from the volatility of spot markets. The company has ordered two new jackup rigs, which will be joining the fleet over the next 18 months.
Read More

Essar Shipping Ltd FAQs

Essar Shipping Ltd shares are currently priced at 29.65 on NSE and 29.69 on BSE as of 2/22/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Essar Shipping Ltd [ESSARSHPNG] share was 231.28. The Essar Shipping Ltd [ESSARSHPNG] share hit a 1-year low of Rs. 7.6 and a 1-year high of Rs. 38.95.

The market cap of Essar Shipping Ltd is Rs. 613.68 Cr. as of 2/22/2024 12:00:00 AM.

The PE ratios of Essar Shipping Ltd is 39.59 as of 2/22/2024 12:00:00 AM.

The PB ratios of Essar Shipping Ltd is -0.39 as of 2/22/2024 12:00:00 AM

The Mutual Fund Shareholding was 0.01% at the end of 2/22/2024 12:00:00 AM.

You can easily buy Essar Shipping Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.

Open Demat Account
or Resume your Application
+91 -

personImage