Essar Shipping (ESSARSHPNG) Share Price Rises 10.13% to Rs 16.31 Today
- September 30, 2026
- Posted by: Kunal Singla
- Category: News
Essar Shipping share price traded at Rs 16.31 at 1:37 PM IST on 29 October 2026, a gain of Rs 1.50 or 10.13% over the previous close of Rs 14.81. The company operates in the Shipping industry within the Logistics sector and carries a market capitalisation of Rs 305.91 crore. This Essar Shipping share price rise is the event this article tracks, and the sections below set out what the latest numbers show.
According to Univest data, the price event is confirmed, but no company-specific catalyst is established. Essar Shipping stock news from the company is therefore not part of this update. The focus stays on verified price action, fundamentals, sector benchmarks and peers. Investors can monitor how the Essar Shipping share price today behaves against the day’s high of Rs 16.37, and how its valuation compares with the Shipping group.
Essar Shipping Share Price Today: Price Action Analysis
| Metric | Value |
|---|---|
| Current Price | Rs 16.31 |
| Previous Close | Rs 14.81 |
| Today's Move | Rs 1.5 (+10.13%) |
| Open | Rs 14.45 |
| High | Rs 16.37 |
| Low | Rs 14.45 |
| Market Capitalisation | Rs 305.91 crore |
| Market Cap Category | Micro Cap |
Essar Shipping Ltd. (ESSARSHPNG) rose to Rs 16.31 from the previous close of Rs 14.81, a move of Rs 1.5 or 10.13%. The stock opened at Rs 14.45, reached a high of Rs 16.37, recorded a low of Rs 14.45.
Essar Shipping share price was at Rs 16.31 against a previous close of Rs 14.81, which is a day change of Rs 1.50 or 10.13%. The stock opened at Rs 14.45, touched a low of Rs 14.45 and a high of Rs 16.37, so the Essar Shipping share price update shows a clear move upward from the opening level.
The opening price of Rs 14.45 sat below the previous close of Rs 14.81. From that start, the Essar Shipping share price recovered the gap and moved ahead, trading Rs 1.86 above the day’s open at the last reading. That is a gain of 12.87% measured from the open, while the 10.13% figure is measured from the previous close.
The day’s range runs from Rs 14.45 to Rs 16.37, a spread of Rs 1.92. At Rs 16.31 the stock was Rs 0.06 below the day’s high. The low of the day matched the opening price, which means the Essar Shipping stock did not trade below its open at any point so far. With a market capitalisation of Rs 305.91 crore, Essar Shipping NSE and BSE watchers will find the company sits close to the middle of its industry group by size, a point the sector section covers with exact benchmark figures.
Price action alone does not explain why a stock moves, and the latest Univest figures do not name a trigger. The next step is to see whether the fundamentals give any context to this Essar Shipping share price rise.
Essar Shipping Ltd. (ESSARSHPNG) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Capitalisation | Rs 305.91 crore |
| P/E Ratio | 3.37x |
| P/B Ratio | -0.17x |
| ROCE | 0% |
| EPS | Rs 4.4 |
| Book Value Per Share | Rs -89.13 |
| Dividend Yield | 0% |
Essar Shipping Ltd. (ESSARSHPNG) fundamental metrics show P/E 3.37x, P/B -0.17x, ROCE 0%. These figures provide context only and are not a buy or sell signal.
Essar Shipping Ltd. has a market capitalisation of Rs 305.91 crore and falls in the Micro Cap category, which gives readers a sense of company size before judging valuation. On valuation, P/E at 3.37x, P/B at -0.17x should be read against the sector and peer benchmarks rather than as a standalone signal. Profitability is represented by ROCE of 0%, helping investors compare shareholder returns and capital efficiency. According to latest Univest data, additional metrics include EPS of Rs 4.4, book value per share of Rs -89.13, dividend yield of 0%, adding context to earnings, balance-sheet value and historical payout. Against the latest Univest same industry benchmark, these figures can be compared with benchmark median P/E of 12.71x, median ROE of 1.33%, median ROCE of 3.55%. Taken together, they outline the fundamentals rather than a view on the stock.
Sector and Industry Context
| Metric | Value |
|---|---|
| Sector | Logistics |
| Industry | Shipping |
| Benchmark Scope | same industry |
| Company P/E Ratio | 3.37x |
| Benchmark Median P/E | 12.71x |
| Benchmark Average P/E | 30.07x |
| Benchmark P/E Range | 3.37x to 85.72x |
| Company P/B Ratio | -0.17x |
| Benchmark Median P/B | 1.02x |
| Benchmark Median ROE | 1.33% |
| Company ROCE | 0% |
| Benchmark Median ROCE | 3.55% |
| Company Market Capitalisation | Rs 305.91 crore |
| Benchmark Median Market Cap | Rs 323.35 crore |
Essar Shipping Ltd. (ESSARSHPNG) operates in the Logistics sector, within the Shipping industry.
Essar Shipping Ltd. (ESSARSHPNG) has a P/E ratio of 3.37x, which is below the benchmark median of 12.71x, a difference of -73.49%. On its own, the P/E gap is a valuation reference point, not a trading call.
Essar Shipping Ltd. (ESSARSHPNG) has a ROCE of 0%, which is below the benchmark median of 3.55%, a difference of -100%.
Track stocks leading today through the Univest top gainers screener. The peer table below provides the company-level comparison.
Peer Comparison
| Company | Symbol | Market Cap (Cr) | P/E | P/B | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| The Great Eastern Shipping Company Ltd. | GESHIP | 22,113.92 | 5.95 | 1.22 | 18.85 | 18.37 |
| Shreeji Shipping Global Ltd. | SHREEJISPG | 13,656.62 | 85.72 | 16.84 | 29.87 | 28.14 |
| Shipping Corporation Of India Ltd. | SCI | 11,381.8 | 7.05 | 1.17 | 15.54 | 14.64 |
| Seamec Ltd. | SEAMECLTD | 4,044.86 | 15.7 | 2.92 | 21.96 | 20.4 |
| Dredging Corporation Of India Ltd. | DREDGECORP | 2,348.36 | 59.31 | 1.87 | 0.39 | 4.28 |
Essar Shipping Ltd. (ESSARSHPNG) has a P/E ratio of 3.37x compared with the displayed peer median of 15.7x. This peer read is a relative benchmark rather than a trading signal. ROCE stood at 0% versus the displayed peer median of 18.37%, providing a capital-efficiency comparison. Essar Shipping Ltd. (ESSARSHPNG) has a market capitalisation of Rs 305.91 crore. All 5 peers shown have a larger market capitalisation.
Why Investors Are Watching Essar Shipping
- The Essar Shipping share price rose 10.13% to Rs 16.31 against a previous close of Rs 14.81, and traded Rs 0.06 below the day’s high of Rs 16.37.
- The stock opened at Rs 14.45, which was also the day’s low, and has since moved Rs 1.86 above that level.
- The P/E ratio of 3.37 is the lowest in the Shipping benchmark, against an industry median of 12.71.
- Earnings per share are Rs 4.40, while book value per share is negative at Rs 89.13.
- Market capitalisation of Rs 305.91 crore sits just below the industry median of Rs 323.35 crore and is smaller than all five peers shown.
About Essar Shipping
Essar Shipping Ltd. is listed on the Indian stock market and is classified in the Logistics sector under the Shipping industry. The company is tracked on Univest alongside other names in the same industry, including The Great Eastern Shipping Company, Shreeji Shipping Global, Shipping Corporation of India, Seamec, Dredging Corporation of India, ABS Marine Services, Transworld Shipping Lines and Sadhav Shipping. With a market capitalisation of Rs 305.91 crore, it sits close to the middle of that group by size. Readers who want business segments and fleet details should refer to the company’s own filings.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Uniresearch Global Pvt. Ltd. (Research Analyst, SEBI Reg. No. INH000013776, a subsidiary of Univest Communication Technologies Private Limited).
Frequently Asked Questions
What is the Essar Shipping share price today?
Ans. Essar Shipping share price traded at Rs 16.31 at 1:37 PM IST on 29 October 2026. That is a gain of Rs 1.50, or 10.13%, over the previous close of Rs 14.81.
Why is the Essar Shipping share price rising today?
Ans. According to Univest data, the price event is confirmed, but no company-specific catalyst is established. The stock traded 10.13% above its previous close of Rs 14.81, with a market capitalisation of Rs 305.91 crore.
What is the market capitalisation of Essar Shipping?
Ans. The Essar Shipping market cap is Rs 305.91 crore. That is just below the Shipping industry median of Rs 323.35 crore and far below the industry average of Rs 3,566.23 crore.
What were the day's high and low for Essar Shipping?
Ans. The Essar Shipping stock opened at Rs 14.45, which was also its low for the day, and touched a high of Rs 16.37. At Rs 16.31, it traded Rs 0.06 below that high.
What is the P/E ratio of Essar Shipping?
Ans. The P/E ratio of Essar Shipping is 3.37. The Shipping industry median P/E is 12.71 and the average is 30.07, so the company P/E sits below both of those benchmark figures.
What are the EPS and book value of Essar Shipping?
Ans. Earnings per share are Rs 4.40 and book value per share is negative at Rs 89.13. EPS shows the earnings attributable to each share, while book value shows the accounting net worth behind each share.
Why is the P/B ratio of Essar Shipping negative?
Ans. The P/B ratio of Essar Shipping is -0.17 because book value per share is negative at Rs 89.13. The Shipping industry median P/B is 1.02, so the company figure cannot be compared on a like-for-like basis.
Does Essar Shipping pay a dividend?
Ans. The latest Univest data shows a dividend yield of 0% for Essar Shipping. Dividend yield is a historical and current measure relative to the share price and does not guarantee any future payout.
Track Essar Shipping Share Price on Univest
Use Essar Shipping Ltd. (ESSARSHPNG) live share-price page, Univest top gainers screener, Univest market blogs to review live stock data, top-gainers lists and related market analysis.
Users can track the live Essar Shipping share price on Univest, along with fundamental ratios such as P/E and P/B, price levels and wider market insights. Univest also lets readers compare Essar Shipping with its Shipping peers and follow the next update to the Essar Shipping share price. This article is for information only and is not a recommendation to buy or sell.
