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.
5th April 1975
Category/Sub-category of the 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 : firstname.lastname@example.org
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)
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
% of shares held
Essar Vizag Terminals Limited
Essar Bulk Terminal (Salaya) Limited
Ultra Lng Haldia Limited
ESSAR PORTS LIMITED UNLISTED SHARE DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
Last Traded Price:
Rs. 21.41 Crore
(As on 31-03-2020)
Number of shares
% of total Shares of the company
Ibrox Aviation And Trading Private Limited
Essar Ports & Terminals Limited
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)
Revenue from Operations
Profit/Loss before Tax and share of profit from associates, and exceptional items
Share of profit from associates
Profit After Tax (PAT)
BALANCE SHEET OF ESSAR PORTS LIMITED (In Rs. Lakhs)
31st March 2020
31st March 2019
NON CURRENT ASSETS
Property, plant and equipment
Other noncurrent assets
Tax assets (net)
TOTAL NON CURRENT ASSETS
Cash and cash equivalents
Other financial assets
Other current assets
TOTAL CURRENT ASSETS
Reserves and surplus
NON CURRENT LIABILITIES
Other financial liabilities
Other noncurrent liabilities
TOTAL NON CURRENT LIABILITIES
Short Term Provision
Other Current Liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
Retained Earnings (Consolidated) (In Rs. Lakhs)
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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