Saturday, March 29, 2014

ESSAR SHIPPING LTD @ 15.28

1.ESSAR SHIPPING LTD is a 10 rupee face value shipping stock.Essar Oilfields Services provides contract drilling and related services to oil and gas companies worldwide, operating both offshore and onshore. It owns a fleet of 16 rigs, which includes one semi-submersible rig and 15 onshore rigs. 
2. Book value of ESSAR SHIPPING LTD is 250.85 annd stock traded at 15.28 so this is a value buying. 
3. Promoters holding in ESSAR SHIPPING LTD is 75 % and FII holding 9.16 % 
4. 52 week high of ESSAR SHIPPING LTD is 24.80 and 52 week low 13. 
5. ESSAR SHIPPING LTD never give a dividend. 
6.During Q3FY14, the Company registered consolidated revenue of Rs.452.77 Crore, EBITDA of Rs.145.54 Crore and Net Loss of Rs.86.24 Crore. For the corresponding quarter of last year, the Company registered consolidated revenue of Rs.792.66 Crore, EBITDA of Rs.221.68 Crore and Net Profit of Rs.17.85 Crore. The consolidated revenue for the nine-month period ended December 31, 2013 stood at Rs.1,492.03 Crore, EBITDA at Rs.587.59 Crore and Net Loss at Rs.78.03 Crore and for the corresponding period of last year, revenue was Rs.2,515.79 Crore, EBITDA of Rs.691.91 Crore and Net Profit of Rs.35.75 Crore. The reduction in revenue was due to scale down of logistics services by Essar Logistics Limited (ELL) and due to the currently depressed spot freight markets 
7. I have no any share of ESSAR SHIPPING LTD.

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