Indian Company Master Data Made Simple
Essar Shipping Limited
Founded on 15 Apr 2010, Essar Shipping Limited has a 16-year history. Its CIN is L61200GJ2010PLC060285, with registration number 60285. It falls under the category of company limited by shares. Its authorized capital has been set at ₹650.00 crore. Paid-up capital currently stands at ₹206.98 crore.
The main line of business is inland water transport. It operates under Ahmedabad’s corporate registry. The official address of incorporation is Ebtsl Premises,er-2 Building(admn. Building)salaya 44 Km, P.b. No 7taluka,khambhalia,devbhu, Mi Dwarka, Jamnagar, Khambhalia, Gujarat, India, 361305. The company maintains an active registration. Its registered PAN is AACCE3707D as per government records. Essar Shipping Limited holds the LEI code 335800ZQCCH8FTF9YU74. Essar Shipping Limited can be contacted at rachana.trivedi@essarshipping.co.in. Senior management roles are held by Vipin Jain (CFO).
Company Overview
- CIN
- Date of Incorporation
- 15/04/2010
- Company Status
- Active
- RoC
- Ahmedabad
- Registration Number
- Balance sheet date
- 31/03/2024
- Company Category
- Company limited by shares
- Company Sub Category
- Non-government company
- Listed in Stock Exchange
- Yes
- Class of Company
- Public Limited Company
- LEI Number
- LEI Status
- Issued
- Authorized Capital
- ₹6,50,00,00,000.00
- Paid up Capital
- ₹2,06,97,60,720.00
- Activity
- Inland water transport
- rachana.trivedi@essarshipping.co.in
- PAN
GST Numbers
| State | GST Number | Status |
|---|---|---|
| Gujarat | 24AACCE3707D1Z8 | Inactive |
| Maharashtra | 27AACCE3707D1Z2 | Active |
ISIN Numbers
| ISIN | Security | Interest Rate | Maturity Date | FISN | CFI |
|---|---|---|---|---|---|
| INE122M07024 | ESSAR SHIPPING LIMITED 8.25 NCD 07AG27 FVRS100 | 8.25% | 07/08/2027 | ESSAR SHIPPING/8.25 DEB SECD | DBFSFN |
| INE122M07016 | ESSAR SHIPPING LIMITED 1 LOA 12DC26 FVRS100 | 1% | 12/12/2026 | ESSAR SHIPPING/1 DEB UNSEC | DBFSFN |
| INE122M01019 | ESSAR SHIPPING LIMITED EQ | - | 12/10/2026 | ESSAR SHIPPING/SH VTG | ESVUFN |
| IN8122M01018 | ESSAR SHIPPING LIMITED EQ LISTING/TRADING APPROVAL AWAITED | - | 12/10/2026 | ESSAR SHIPPING/SH VTG | ESVUFN |
| INE122M08055 | ESSAR SHIPPING LIMITED SR-V 12.3 LOA 01FB23 FVRS10LAC | 12.3% | 01/02/2023 | ESSAR SHIPPING/12.3 DEB 20230201 | DBFUGN |
| INE122M08063 | ESSAR SHIPPING LIMITED SR-VI 12.3 LOA 01FB23 FVRS10LAC | 12.3% | 01/02/2023 | ESSAR SHIPPING/12.3 DEB 20230201 | DBFUGN |
| INE122M08030 | ESSAR SHIPPING LIMITED SR-III 13.1 LOA 12OT17 FVRS10LAC | 13.1% | 12/10/2017 | ESSAR SHIPPING/13.1 DEB 20171012 | DBFUFN |
| INE122M08048 | ESSAR SHIPPING LIMITED SR-IV 13.1 LOA 12OT17 FVRS10LAC | 13.1% | 12/10/2017 | ESSAR SHIPPING/13.1 DEB 20171012 | DBFUFN |
| INE122M08022 | ESSAR SHIPPING LIMITED 13.1 LOA 28JU17 FVRS10LAC | 13.1% | 28/06/2017 | ESSAR SHIPPING/13.1 DEB 20170628 | DBFUFN |
| INE122M08014 | ESSAR SHIPPING LIMITED 13.1 LOA 23JU17 FVRS10LAC | 13.1% | 23/06/2017 | ESSAR SHIPPING/13.1 DEB 20170623 | DBFUFN |
Balance Sheet
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| Net PPE | ₹27,237.00L | ₹20,785.00L | ₹2,615.00L | ₹5,778.00L | ₹0.00L |
| Net Debt | ₹8,069.00L | ₹1,62,706.00L | ₹2,61,917.00L | ₹2,67,854.00L | ₹0.00L |
| Gross PPE | ₹27,237.00L | ₹3,40,996.00L | ₹3,28,749.00L | ₹3,27,036.00L | ₹0.00L |
| Inventory | ₹110.00L | ₹99.00L | ₹0.00L | ₹268.00L | ₹0.00L |
| Total Debt | ₹1,61,549.00L | ₹1,63,123.00L | ₹2,64,199.00L | ₹2,70,392.00L | ₹0.00L |
| Common Stock | ₹20,698.00L | ₹20,698.00L | ₹20,698.00L | ₹20,698.00L | ₹0.00L |
| Current Debt | ₹8,365.00L | ₹22,559.00L | ₹2,01,925.00L | ₹2,30,574.00L | ₹0.00L |
| Share Issued | ₹2,069.76L | ₹2,069.76L | ₹2,069.76L | ₹2,069.76L | ₹0.00L |
| Total Assets | ₹31,703.00L | ₹29,957.00L | ₹91,102.00L | ₹1,04,652.00L | ₹0.00L |
| Capital Stock | ₹20,698.00L | ₹20,698.00L | ₹20,698.00L | ₹20,698.00L | ₹0.00L |
| Current Assets | ₹3,951.00L | ₹8,714.00L | ₹88,480.00L | ₹94,756.00L | ₹0.00L |
| Working Capital | -₹81,883.00L | -₹1,18,626.00L | -₹2,07,713.00L | -₹2,32,439.00L | ₹0.00L |
| Invested Capital | -₹1,98,950.00L | -₹74,840.00L | -₹16,532.00L | -₹3,815.00L | ₹0.00L |
| Other Properties | ₹4,431.00L | ₹2,745.00L | ₹2,612.00L | ₹5,775.00L | ₹0.00L |
| Common Stock Equity | -₹2,07,315.00L | -₹2,37,963.00L | -₹2,80,731.00L | -₹2,74,207.00L | ₹0.00L |
| Net Tangible Assets | -₹2,07,315.00L | -₹2,37,963.00L | -₹2,80,731.00L | -₹2,74,207.00L | ₹0.00L |
| Tangible Book Value | -₹2,07,315.00L | -₹2,37,963.00L | -₹2,80,731.00L | -₹2,74,207.00L | ₹0.00L |
| Current Liabilities | ₹85,834.00L | ₹1,27,340.00L | ₹2,96,193.00L | ₹3,27,195.00L | ₹0.00L |
| Stockholders Equity | -₹2,07,315.00L | -₹2,37,963.00L | -₹2,80,731.00L | -₹2,74,207.00L | ₹0.00L |
| Total Capitalization | -₹2,07,315.00L | -₹97,399.00L | -₹2,18,457.00L | -₹2,34,389.00L | ₹0.00L |
| Ordinary Shares Number | ₹2,069.76L | ₹2,069.76L | ₹2,069.76L | ₹2,069.76L | ₹0.00L |
| Other Non Current Assets | ₹515.00L | -₹3.00L | -₹2.00L | -₹3.00L | ₹0.00L |
| Total Non Current Assets | ₹27,752.00L | ₹21,243.00L | ₹2,623.00L | ₹9,896.00L | ₹0.00L |
| Cash And Cash Equivalents | ₹296.00L | ₹417.00L | ₹2,282.00L | ₹2,538.00L | ₹0.00L |
| Construction In Progress | ₹22,806.00L | ₹24,071.00L | ₹6,034.00L | ₹6,034.00L | ₹0.00L |
| Other Short Term Investments | ₹1,940.00L | ₹218.00L | ₹113.00L | ₹171.00L | ₹0.00L |
| Total Equity Gross Minority Interest | -₹2,07,315.00L | -₹2,37,963.00L | -₹2,67,365.00L | -₹2,62,361.00L | ₹0.00L |
| Total Liabilities Net Minority Interest | ₹2,39,018.00L | ₹2,67,920.00L | ₹3,58,467.00L | ₹3,67,013.00L | ₹0.00L |
| Current Debt And Capital Lease Obligation | ₹8,365.00L | ₹22,559.00L | ₹2,01,925.00L | ₹2,30,574.00L | ₹0.00L |
| Long Term Debt And Capital Lease Obligation | ₹1,53,184.00L | ₹1,40,564.00L | ₹62,274.00L | ₹39,818.00L | ₹0.00L |
| Cash Cash Equivalents And Short Term Investments | ₹2,236.00L | ₹635.00L | ₹2,395.00L | ₹2,709.00L | ₹0.00L |
| Total Non Current Liabilities Net Minority Interest | ₹1,53,184.00L | ₹1,40,580.00L | ₹62,274.00L | ₹39,818.00L | ₹0.00L |
Cash Flow
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| Free Cash Flow | -₹17,726.00L | ₹35,026.00L | -₹4,696.00L | ₹51,361.00L | ₹0.00L |
| Changes In Cash | -₹31,504.00L | ₹58,746.00L | -₹6,030.00L | -₹36,500.00L | ₹0.00L |
| End Cash Position | ₹211.00L | ₹417.00L | ₹1,895.00L | ₹2,538.00L | ₹0.00L |
| Financing Cash Flow | -₹21,212.00L | -₹21,072.00L | -₹7,052.00L | -₹96,892.00L | ₹0.00L |
| Investing Cash Flow | ₹2,665.00L | ₹26,755.00L | ₹5,672.00L | ₹9,031.00L | ₹0.00L |
| Operating Cash Flow | -₹12,957.00L | ₹53,063.00L | -₹4,650.00L | ₹51,361.00L | ₹0.00L |
| Capital Expenditure | -₹4,769.00L | -₹18,037.00L | -₹46.00L | ₹0.00L | ₹0.00L |
| Beginning Cash Position | ₹417.00L | ₹1,895.00L | ₹2,538.00L | ₹1,813.00L | ₹0.00L |
| Other Cash Adjustment Outside Changein Cash | -₹1.00L | -₹1.00L | ₹0.00L | -₹1.00L | ₹1.00L |
Income Statement
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| EBIT | -₹1,800.00L | ₹75,712.00L | -₹2,573.00L | ₹1,75,315.00L | ₹0.00L |
| EBITDA | -₹1,722.00L | ₹75,788.00L | ₹635.00L | ₹1,79,429.00L | ₹0.00L |
| Basic EPS | -₹0.00L | ₹0.00L | -₹0.00L | ₹0.00L | ₹0.00L |
| Net Income | -₹11,206.00L | ₹66,008.00L | -₹11,810.00L | ₹1,65,021.00L | ₹0.00L |
| Diluted EPS | -₹0.00L | ₹0.00L | -₹0.00L | ₹0.00L | ₹0.00L |
| Gross Profit | -₹454.00L | -₹96.00L | -₹6,975.00L | ₹1,520.00L | ₹0.00L |
| Pretax Income | -₹11,206.00L | ₹65,657.00L | -₹10,514.00L | ₹1,62,375.00L | ₹0.00L |
| Tax Provision | ₹0.00L | ₹0.00L | -₹83.00L | -₹2,646.00L | ₹0.00L |
| Total Revenue | ₹178.00L | ₹1,026.00L | ₹1,277.00L | ₹6,067.00L | ₹0.00L |
| Cost Of Revenue | ₹632.00L | ₹1,122.00L | ₹8,252.00L | ₹4,547.00L | ₹0.00L |
| Total Expenses | ₹1,854.00L | ₹6,054.00L | ₹10,685.00L | ₹6,723.00L | ₹0.00L |
| Interest Expense | ₹9,406.00L | ₹10,055.00L | ₹7,941.00L | ₹12,940.00L | ₹0.00L |
| Operating Income | -₹1,676.00L | -₹5,028.00L | -₹9,408.00L | -₹656.00L | ₹0.00L |
| Tax Rate For Calcs | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Normalized EBITDA | ₹8,017.00L | ₹18,756.00L | -₹1,577.00L | ₹13,527.00L | ₹0.00L |
| Normalized Income | -₹1,467.00L | ₹8,976.00L | -₹14,022.00L | ₹48,889.60L | ₹0.00L |
| Operating Expense | ₹1,222.00L | ₹4,932.00L | ₹2,433.00L | ₹2,176.00L | ₹0.00L |
| Operating Revenue | ₹178.00L | ₹1,026.00L | ₹1,277.00L | ₹6,067.00L | ₹0.00L |
| Net Interest Income | -₹9,406.00L | -₹10,055.00L | -₹5,372.00L | -₹7,316.00L | ₹0.00L |
| Total Unusual Items | -₹9,739.00L | ₹57,032.00L | ₹2,212.00L | ₹1,65,902.00L | ₹0.00L |
| Basic Average Shares | ₹2,071.35L | ₹2,069.87L | ₹2,069.76L | ₹2,069.76L | ₹0.00L |
| Diluted Average Shares | ₹2,071.35L | ₹2,069.87L | ₹2,069.76L | ₹2,069.76L | ₹0.00L |
| Other Operating Expenses | ₹1,222.00L | ₹4,932.00L | ₹1,706.00L | ₹1,602.00L | ₹0.00L |
| Reconciled Depreciation | ₹78.00L | ₹76.00L | ₹3,208.00L | ₹4,114.00L | ₹0.00L |
| Reconciled Cost Of Revenue | ₹632.00L | ₹1,122.00L | ₹8,252.00L | ₹4,547.00L | ₹0.00L |
| Tax Effect Of Unusual Items | ₹0.00L | ₹0.00L | ₹0.00L | ₹49,770.60L | ₹0.00L |
| Interest Expense Non Operating | ₹9,406.00L | ₹10,055.00L | ₹7,941.00L | ₹12,940.00L | ₹0.00L |
| Net Income Common Stockholders | -₹11,206.00L | ₹66,008.00L | -₹11,810.00L | ₹1,65,021.00L | ₹0.00L |
| Net Income Continuous Operations | -₹11,206.00L | ₹66,008.00L | -₹10,431.00L | ₹1,65,045.00L | ₹0.00L |
| Diluted NIAvailto Com Stockholders | -₹11,206.00L | ₹66,008.00L | -₹11,810.00L | ₹1,65,021.00L | ₹0.00L |
| Otherunder Preferred Stock Dividend | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Unusual Items Excluding Goodwill | -₹9,739.00L | ₹57,032.00L | ₹2,212.00L | ₹1,65,902.00L | ₹0.00L |
| Net Non Operating Interest Income Expense | -₹9,406.00L | -₹10,055.00L | -₹5,372.00L | -₹7,316.00L | ₹0.00L |
| Net Income Including Noncontrolling Interests | -₹11,206.00L | ₹66,008.00L | -₹10,432.00L | ₹1,65,045.00L | ₹0.00L |
| Net Income From Continuing And Discontinued Operation | -₹11,206.00L | ₹66,008.00L | -₹11,810.00L | ₹1,65,021.00L | ₹0.00L |
| Net Income From Continuing Operation Net Minority Interest | -₹11,206.00L | ₹66,008.00L | -₹11,810.00L | ₹1,65,021.00L | ₹0.00L |
Company Performance (FY23–FY26)
Directors
| Appointment | Director name | DIN | Designation | |
|---|---|---|---|---|
| 30/09/2020 | Rajesh Dhirubhai Desai | 08848625 | Director | View other directorships |
| 31/08/2021 | Suresh Ramamirtham | 09299459 | Director | View other directorships |
| 31/08/2021 | Jayakumar | 09300654 | Director | View other directorships |
| 08/09/2022 | Sunil Bhargav Modak | 09623865 | Director | View other directorships |
| 08/09/2022 | Raichel Mathew | 09625593 | Director | View other directorships |
| 01/10/2022 | Vipin Jain | *****5381C | CFO | |
| 28/05/2024 | Vipin Jain | 10174107 | Whole-time director | View other directorships |
| 01/04/2025 | Bharat Modi | *****7749J | Company Secretary | |
| 29/05/2025 | Ketan Kantibhai Shah | 02481491 | Additional Director | View other directorships |
Business Network
Directors 9
- Vipin JainWhole-time director
- Raichel MathewDirector
- Sunil Bhargav ModakDirector
- JayakumarDirector
- Suresh RamamirthamDirector
- Rajesh Dhirubhai DesaiDirector
- Ketan Kantibhai ShahAdditional Director
- Bharat ModiCompany Secretary
- Vipin JainCFO
Subsidiaries 1
- Ogd Services LimitedDirect
Latest Documents
| Date | Title | Size |
|---|---|---|
| 28/11/2024 | Form MGT-7-28112024 | - |
| 28/11/2024 | Form AOC-4(XBRL)-28112024-signed | - |
| 12/11/2024 | Form AOC-4(XBRL)-30102024 | - |
| 11/11/2024 | Form AOC-4(XBRL)-29102024 | - |
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Direct/Ultimate Children
| Type | Legal Name | LEI code |
|---|---|---|
| Direct | Ogd Services Limited | 335800RWZG54NZDT1I59 |
Address
Frequently Asked Questions
The current board member of Essar Shipping Limited are:
- Rajesh Dhirubhai Desai
- Suresh Ramamirtham
- Jayakumar
- Ketan Kantibhai Shah
- Sunil Bhargav Modak
- Raichel Mathew
- Vipin Jain