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Essar Shipping Share Price Target 2024, 2025, 2026 to 2039 With Charts
Essar Shipping Limited | |||
 | Symbol: ESSARSHPNG | ||
| Price: ₹37.75 | |||
| Exchange: NSE | |||
| Industrials -> Marine Shipping | |||
Show Table of Contents
Table of Contents
- 1: Essar Shipping Brief Company Overview
- 1.1: Company Overview: Essar Shipping Limited
- 1.2: Essar Shipping Financial Performance
- 1.2.1: Is Essar Shipping A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Essar Shipping Share Price Target For 2024
- 2.1.1: Essar Shipping Share Price Target Table For 2024
- 2.1.2: Summary: Essar Shipping Share Price Prediction For 2024
- 2.2: Essar Shipping Share Price Target For 2025
- 2.2.1: Essar Shipping Share Price Target Table For 2025
- 2.2.2: Summary: Essar Shipping Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Essar Shipping Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Essar Shipping Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Essar Shipping Past Performance
Essar Shipping Brief Company Overview
Company Overview: Essar Shipping Limited
Essar Shipping Limited, a renowned shipping company, provides comprehensive sea transportation, logistics, and oilfields services in India and Indonesia. Established in 2010, the company offers a diverse range of services, including fleet operating and chartering, oilfields services, and logistics solutions.
- Fleet Operations: Essar Shipping operates a substantial fleet of 12 vessels, catering to various shipping needs, including crude oil transportation, bulk cargo handling, and general cargo transportation.
- Oilfields Services: The company provides specialized services to oil and gas companies, including contract drilling services using land and semi-submersible rigs.
- Logistics Solutions: Essar Shipping offers a comprehensive range of logistics services, including transportation via trucks, trailers, and tippers.
Essar Shipping Limited is committed to delivering efficient and reliable services, meeting the evolving needs of its customers in the shipping and oil and gas sectors.
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Essar Shipping Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 847.15 Crore | Market valuation of Essar Shipping's shares. |
| Revenue (TTM) | 11.89 Crore | Total revenue generated by Essar Shipping over the past twelve months. |
| Net Income (TTM) | -179.1 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | -355.91% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | -177.87% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | -76.7% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | -76.68% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | -0.99 | Company's total debt divided by total shareholder equity. |
| Total Debt | 2,641.98 Crore | Sum of Essar Shipping's current & long-term financial obligations. |
| Total Cash | 23.95 Crore | Total amount of liquid funds available to Essar Shipping. |
| Beta | 0.94 | Beta is less than 1 indicating that the Essar Shipping's price is less volatile than the market. |
Is Essar Shipping A Good Buy For Long Term?
Essar Shipping's recent performance is concerning, with a significant net loss of -179.1 Crore in the last 12 months. The company's high debt of 2,641.98 Crore against a meager cash balance of 23.95 Crore further adds to the financial strain. While the stock has seen impressive returns in the past, the current financial picture paints a bleak outlook for long-term investors. Considering the substantial debt burden and continued losses, Essar Shipping is currently not a good buy for long-term investment.
To predict the Essar Shipping's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Essar Shipping Share Price Target For 2024
The line chart displays the monthly closing prices of Essar Shipping with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Essar Shipping shares in 2024, see the table below.
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Essar Shipping Share Price Target Table For 2024
| Essar Shipping's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 40.00 (+5.96%) | Price Action: 18 Sep 2024 Low |
| 2024 Target 2 | 39.40 (+4.37%) | Price Action: 14 Oct 2024 Low |
| 2024 Target 1 | 38.95 (+3.17%) | Price Action: Dec 2023 High |
| Current Price | 37.75 | Essar Shipping's 1 share price as of Thu 17 Oct 2024 |
| Stop Loss 1 | 37.33 (-1.12%) | Price Action: Chart |
| Stop Loss 2 | 36.70 (-2.79%) | Price Action: Oct 2016 High |
| Stop Loss 3 | 36.13 (-4.3%) | Fibonacci Retracement Extended 28.2% |
Summary: Essar Shipping Share Price Prediction For 2024
In summary, Essar Shipping has surged by ₹5.75, achieving a notable +17.97% increase from 1st January 2024 to 17 Oct 2024. Our analysis of Essar Shipping for 2024 predicts an additional rise of 3.17% to 5.96% by the end of 2024 with three potential targets T1: 38.95, T2: 39.40, T3: 40.00. Stop Loss at SL1: 37.33, SL2: 36.70, SL3: 36.13.
Essar Shipping has a 52-week high of ₹71.54, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹14.25, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Essar Shipping.
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Essar Shipping Share Price Target For 2025
The line chart displays the monthly closing prices of Essar Shipping with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Essar Shipping shares in 2025, see the table below.
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Essar Shipping Share Price Target Table For 2025
| Essar Shipping's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 68.75 (+82.11%) | Price Action: Chart |
| 2025 Target 2 | 67.47 (+78.72%) | Fibonacci Extension Level 123.6% |
| 2025 Target 1 | 66.22 (+75.41%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 37.75 | Essar Shipping's 1 share price as of Thu 17 Oct 2024 |
| Stop Loss 1 | 30.82 (-18.36%) | Price Action: Chart |
| Stop Loss 2 | 30.51 (-19.18%) | Price Action: Chart |
| Stop Loss 3 | 29.96 (-20.64%) | Price Action: Chart |
Summary: Essar Shipping Share Price Prediction For 2025
In summary, Essar Shipping has surged by ₹5.75, achieving a notable +17.97% increase from 1st January 2024 to 17 Oct 2024. Our analysis of Essar Shipping for 2025 predicts an additional rise of 75.41% to 82.11% by the end of 2025 with three potential targets T1: 66.22, T2: 67.47, T3: 68.75. Stop Loss at SL1: 30.82, SL2: 30.51, SL3: 29.96.
Essar Shipping has a All-Time high of ₹71.54, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹14.25, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Essar Shipping, we have created a specific page for that check here: Essar Shipping Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Essar Shipping Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Essar Shipping share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 16.27% over the next 15 years.
For complete year by year Essar Shipping long term share price target from 2024, 2025 to 2039 check the below table.
Essar Shipping Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Essar Shipping Target | YoY Change % |
|---|---|---|
| 2024 | ₹37.75 | [Current Price] |
| 2024 | ₹54.35 | 43.97% |
| 2025 | ₹77.75 | 43.05% |
| 2026 | ₹105.71 | 35.96% |
| 2027 | ₹132.12 | 24.98% |
| 2028 | ₹168.75 | 27.72% |
| 2029 | ₹181.02 | 7.27% |
| 2030 | ₹201.35 | 11.23% |
| 2031 | ₹233.22 | 15.82% |
| 2032 | ₹260.52 | 11.7% |
| 2033 | ₹306.05 | 17.47% |
| 2034 | ₹307.7 | 0.53% |
| 2035 | ₹324.95 | 5.6% |
| 2036 | ₹360.73 | 11.01% |
| 2037 | ₹388.91 | 7.81% |
| 2038 | ₹443.36 | 14% |
| 2039 | ₹448.29 | 1.11% |
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Essar Shipping Past Performance
- In 2011, Essar Shipping opening price was ₹27
- As of Thu 17 Oct 2024 the price stands at ₹37.75.
- This represents a Compound Annual Growth Rate (CAGR) of 2.42%.
- In 13 years, an investment of 10,000 would have become ₹13,981.48.
As we wrap up, we hope you like our study on Essar Shipping share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
