Risk factor
Very poor trading liquidity
Profitability factor
Undervalued vs peers
About
Essar Shipping Limited, a shipping company, provides sea transportation, logistics, and oilfields services in India, Mauritius, and Indonesia. It operates through Fleet operating and chartering and Oilfields services segments. The company engages in the fleet operating and chartering activities consisting of tankers and dry bulkers; oilfields services, such as land and semi- submersible rigs; and logistics services, including trucks, trailers, and tippers. It also offers contract drilling services to oil and gas companies, and operates international and coastal voyages. The company was formerly known as Essar Shipping Ports & Logistics Ltd., Shipping, Logistics & Oilfields Services Businesses. The company was incorporated in 2010 and is based in Mumbai, India. Essar Shipping Limited is a subsidiary of Essar Shipping Mauritius Holdings Limited.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBITD.