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×

essar ports Limited

10.00
+ 0.00 %
Scrip Name
Essar Ports
ISIN No.
INE282A01032
PAN No.
AAACE8391D
Face Value
10
No. of Outstanding Shares
21,412,812
Market Capitalization
21.41 Crore

ESSAR PORTS LIMITED DELISTED SHARE


ABOUT ESSAR PORTS LIMITED


ESSAR PORTS LIMITED is engaged in the development and operations of Ports and Terminals for handling liquid, dry bulk, breakbulk, and general cargo. It is one of the largest private-sector port operators in India by capacity and throughput. It has four operational terminals in India across Hazira and Salaya (in the state of Gujarat) on the west coast and one each in Visakhapatnam and Paradip on the east coast. The current operational Port Terminal capacity in India is 82 MMTPA and the same is expected to reach 110 MMTPA.


The Paradip dry bulk terminal is a deep draft facility integrated Essar Steel Pellet plant and handles dry bulk cargo. The Hazira port terminal is a deep draft port terminal capable of handling dry bulk, liquid, and breakbulk cargo. The Vizag terminal caters to both domestic and international shipments of iron ore. Vizag is the largest iron ore handling complex in India with 24 MMTPA capacities. Salaya terminal is the newest terminal of the company at the west coast of India. Essar has recently signed a concession for the development of 20 MMTPA dry bulk (coal) terminals in Beira Port with the Government of Mozambique.


The equity shares of the company were listed on the Bombay Stock Exchange and National Stock Exchange till 31st December 2015.


INCORPORATION DETAILS


CIN

U85110GJ1975PLC054824

Registration Date

5th April 1975

Category/Sub-category of the Company

Public Company

Address of the Registered office and contact details

Salaya Administrative Building, ER-2 Building, Salaya,

Taluka Khambhalia, District Devbhoomi Dwarka,

Jamnagar, Gujarat- 361305, India

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

M/s. Data Software Research Company Pvt. Ltd.,

Unit – Essar Ports Limited,

19, Pycrofts Garden Road,

Off Haddows Road Nungambakkam,

Chennai 600 006

Phone : +91 44 2821 3738, 2821 4487

E-mail : essar.ports@dsrc-cid.in

 

PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY

Name and Description of main products/services

NIC Code of the product/service

% to total turnover of the Company

Service activities incidental to water transportation

(Fleet operating and chartering earnings)

52220

100%

 

BOARD OF DIRECTORS

Shri. P. K. Srivastava (Chairman)

Shri. Rajiv Agarwal (Managing Director & CEO)

Shri. Dilip J. Thakkar (Independent Director)

Capt. B. S. Kumar (Independent Director)

Shri. K. K. Sinha (Wholetime Director)

Shri. Nikhil Naik (Nominee Director)


PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

Name of the Company

Subsidiary/Associate

% of shares held

Essar Vizag Terminals Limited

Subsidiary

100.00%

Essar Bulk Terminal (Salaya) Limited

Associate

19.96%

Ultra Lng Haldia Limited

Associate

48.00%

 

 

ESSAR PORTS LIMITED UNLISTED SHARE DETAILS


Total Available Shares:

2,14,12,813

Face Value:

Rs. 10 Per Equity Share

ISIN:

INE282A01032

PAN No.

AAACE8391D

Lot Size:

100

Last Traded Price:

Rs. 10

Market Cap:

Rs. 21.41 Crore


SHAREHOLDING PATTERN

(As on 31-03-2020)

S. No.

Shareholders’ Name

Number of shares

% of total Shares of the company

1

Ibrox Aviation And Trading Private Limited

21,04,169

9.83%

2

Essar Ports & Terminals Limited

1,88,30,212

87.94%

3

Public Shareholding

4,78,432

2.23%

 

Total

2,14,12,813

100.00%


INDUSTRY OUTLOOK

 

The global health and economic crisis triggered by the COVID-19 pandemic has upended the landscape for maritime transport and trade and significantly affected growth prospects. Impact on the maritime industry has come across various segments, right from cargo volumes, freight rates, shipbuilding, ship scrapping, and other associated segments.


According to the global transport sector experts, maritime trade already lost momentum in 2019 and came under pressure in 2020. At the end of the year 2020, UNCTAD projected that the volume of international maritime trade would fall by 4.1% in 2020. Amid supply-chain disruptions, demand contractions, and global economic uncertainty caused by the pandemic, the global economy was severely affected by a twin supply and demand shock. The maritime sector reached its weakest level since the onset of the global financial crisis in 2008–09, which had a cascading impact on global ports volume.


According to the Ministry of Shipping, approximately 95% of the country’s trade by volume and 70% by value moves through maritime transport, which clearly highlights the importance of ports and their contribution in supporting and accelerating the growth and development of the Indian economy. In sync with the overall weak growth in EXIM trade, the port volumes in India have not seen robust growth. Despite the good potential to bolster cargo volumes, Indian ports have not seen remarkable growth in recent years.


In FY 2020-21, the total consolidated ports volume handled by Pan-Indian ports was around 1247 MMT, thus revealing a contraction of -5.4% from FY 2019-20 volumes. According to Indian Ports Association (IPA) in FY 2020-21, the consolidated cargo volumes handled by Indian major ports were 673 MMT, registering 4.6% degrowth in cargo volumes compared to FY 2019-20.

 

 

PROFIT & LOSS STATEMENT OF ESSAR PORTS LIMITED (In Rs. Lakhs)

 

PARTICULARS

2020

2019

2018

Revenue from Operations

15,135.20

14,545.14

37,256.67

EBITDA

9,431.10

6,098.73

1,716.01

EBITDA margins

62.31%

41.93%

4.61%

Finance Cost

9,088.82

9,323.28

1,734.62

Depreciation

3,054.46

3,289.38

1,363.99

Other Income

1,611.10

2,855.62

5,042.50

Profit/Loss before Tax and share of profit from associates, and exceptional items

-1,101.08

-3,658.31

3,659.90

Share of profit from associates

-1,841.81

-5,008.33

-5.02

Exceptional items

0.00

0.00

-1,361.09

Total Tax

194.46

102.53

-72.81

Profit After Tax (PAT) 

-3,137.35

-8,769.17

2,366.60

EPS

-9.63

-26.91

11.01

 

BALANCE SHEET OF ESSAR PORTS LIMITED (In Rs. Lakhs)

PARTICULARS

31st March 2020

31st March 2019

ASSETS



NON CURRENT ASSETS



Property, plant and equipment

677.66

4,341.04

Intangible assets

70,313.24

73,069.07

Financial assets

14,610.69

16,923.07

Other noncurrent assets

428.32

2,305.40

Tax assets (net)

3,884.80

3,803.00

TOTAL NON CURRENT ASSETS

89,914.71

100,441.58

CURRENT ASSETS



Inventories

523.98

140.58

Trade Receivables

547.40

219.50

Cash and cash equivalents

809.53

908.69

Other financial assets

13,953.10

3,972.01

Other current assets

1,127.54

3,172.60

TOTAL CURRENT ASSETS

16,961.55

8,413.38

TOTAL ASSETS

106,876.26

108,854.96

EQUITY



Share capital

2,141.28

2,141.28

Reserves and surplus

18,471.78

21,618.64

TOTAL EQUITY

20,613.06

23,759.92

NON CURRENT LIABILITIES



Borrowings

56,764.41

63,269.15

Other financial liabilities

7,196.47

7,656.57

Other noncurrent liabilities

3,484.01

1,166.79

TOTAL NON CURRENT LIABILITIES

67,444.89

72,092.51

CURRENT LIABILITIES



Financial liabilities

12,643.43

7,226.10

Trade payables

3,911.03

3,704.16

Short Term Provision

120.67

102.23

Other Current Liabilities

2,021.06

1,847.92

Tax liabilities

122.12

122.12

TOTAL CURRENT LIABILITIES

18,818.31

13,002.53

TOTAL LIABILITIES

86,263.20

85,095.04

TOTAL EQUITY AND LIABILITIES

106,876.26

108,854.96

 

DIVIDEND HISTORY

Particulars

2020

2019

2018

Dividend (final + interim) (In Rs.)

Nil

Nil

Nil

Retained Earnings (Consolidated) (In Rs. Lakhs)

5,032.40

8,169.75

17,010.23

 

PERFORMANCE OF THE COMPANY

Revenue from Operations of the company increased by 4.06% from Rs. 14,545.14 lakhs in FY 2019 to Rs. 15,135.20 lakhs in FY 2020.


EBITDA of the company increased by 54.64% from Rs. 6,098.73 lakhs in FY 2019 to Rs. 9,431.10 lakhs in FY 2020. EBITDA margins increased from 41.93% in FY 2019 to 62.31% in FY 2020.


Net loss of the company improved from Rs. 8,769.17 lakhs in FY 2019 to                       Rs. 3,137.35 lakhs in FY 2020.


Current ratio of the company as of 31st March 2020 was 0.90.


Debt to equity ratio of the company as of 31st March 2020 was 2.75.


The book value of the company as of 31st March 2020 was Rs. 96.26.


The company has not given any dividend from the past three years.


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