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ESSAR SHIPPING
PE (Price/Earnings) Ratio

The Current P/E Ratio of ESSAR SHIPPING is -9.03.

Share Price ₹27.8Apr 17,2026
Market Cap ₹575.3 Cr
Earnings-TTM₹-63.7 CrTTM-Consolidated Results
Price/Earnings-9.03xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ESSAR SHIPPING

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of ESSAR SHIPPING is calculated as :

Current Market Cap [ ₹575.3 Cr] as on Apr 17,2026

(/) Earnings [ ₹-63.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -9.03x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for ESSAR SHIPPING , the investors are currently willing to pay -9.03 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of ESSAR SHIPPING !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of ESSAR SHIPPING over the last five years.

Historical PE (Price/Earnings) ratio chart of ESSAR SHIPPING


PE Ratio Performance Analysis for ESSAR SHIPPING

- ESSAR SHIPPING 's latest p/e ratio is -9.03x.

- ESSAR SHIPPING 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 0.16x.

- ESSAR SHIPPING 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ESSAR SHIPPING 's p/e ratio peaked in Mar2025 at 0.68x.

- ESSAR SHIPPING 's p/e ratio hit its five-year low in Mar2024 of 0x.


How does ESSAR SHIPPING 's P/E Ratio benchmark against top 10 peers in Shipping Industry?

Peer Comparison (Shipping Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ESSAR SHIPPING -63.71-9.03575.3
THE GREAT EASTERN SHIPPING COMPANY LTD2,261.529.0020,348.6
SHIPPING CORPORATION OF INDIA LTD1,084.3613.1414,246.5
SHIPPING CORPORATION OF INDIA LAND AND ASSETS LTD-194.71-11.352,210.2
SEAMEC LTD190.8420.733,956.1
DREDGING CORPORATION OF INDIA LTD-60.74-45.022,734.6
TRANSWORLD SHIPPING LINES LTD-46.98-7.48351.2
GLOBAL OFFSHORE SERVICES LTD-5.56-28.14156.4

Shipping Industry Benchmark (Top 10) PE Analysis vs ESSAR SHIPPING 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -45.02x
Max industry PE 20.73x
Median industry PE -7.48x
Average industry PE -7.27x



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