Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Essar Shipping's
Operating Income
for the
three
months ended in Mar. 2026 was ₹-38.00 Mil. Essar Shipping's Interest Expense for the
three
months ended in Mar. 2026 was ₹-276.20 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Essar Shipping's Interest Coverage or its related term are showing as below:
NSE:ESSARSHPNG's Interest Coverage is not ranked *
in the Transportation industry.
Industry Median: 5.72 * Ranked among companies with meaningful Interest Coverage only.
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Essar Shipping Interest Coverage Related Terms
Essar Shipping Interest Coverage Historical Data
* Premium members only.
The historical data trend for Essar Shipping's Interest Coverage can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Marine Shipping subindustry, Essar Shipping's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Essar Shipping Interest Coverage vs Transportation Industry
For the Transportation industry and Industrials sector, Essar Shipping's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Essar Shipping's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Essar Shipping did not have earnings to cover the interest expense.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Interest Coverage of 0 (At Loss) mean?
Essar Shipping (NSE:ESSARSHPNG) has a Interest Coverage of 0 (At Loss) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Essar Shipping and its competitors. According to the industry distribution chart, Essar Shipping ranks #999999 out of 838 companies in the Transportation industry.
Is Essar Shipping's Interest Coverage too high?
Essar Shipping's current Interest Coverage is 0 (At Loss). Based on the distribution chart, Essar Shipping ranks #999999 out of 838 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Essar Shipping has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Essar Shipping's Interest Coverage compare to competitors?
According to the Transportation industry distribution chart, Essar Shipping ranks #999999 out of 838 companies for Interest Coverage. This places Essar Shipping in the lower half of its industry. The industry median Interest Coverage is 5.72. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Transportation company?
The median Interest Coverage among Transportation companies is 5.72, based on 838 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Essar Shipping and its competitors. For the Transportation industry, the median Interest Coverage is 5.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Essar Shipping's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Essar Shipping stock overvalued right now?
Based on GuruFocus' analysis, Essar Shipping (NSE:ESSARSHPNG) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1.07, compared to a current price of ₹23.16 — trading 2064.5% above its estimated fair value. The current Interest Coverage is 0 (At Loss). Essar Shipping's overall GF Score™ is 34/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Essar Shipping (NSE:ESSARSHPNG), the current Interest Coverage is 0 (At Loss) as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Essar Shipping (NSE:ESSARSHPNG) Overvalued in 2026?
Based on GuruFocus' analysis, Essar Shipping stock appears to be overvalued.
The current stock price of ₹23.16 is trading 2064.5% above its estimated GF Value™ of ₹1.07.
GuruFocus considers Essar Shipping to be Significantly Overvalued.
Key valuation signals for NSE:ESSARSHPNG:
Interest Coverage: 0 (At Loss)
GF Value™: ₹1.07 vs. price of ₹23.16 (2064.5% above fair value)
No single metric tells the full story. See the NSE:ESSARSHPNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Essar Shipping Ltd is engaged in fleet operating and chartering and operates in international and coastal voyages. The company is diversified across various sectors of Energy, Infrastructure, steel, and Services. The company operates in Fleet operations and chartering, oilfield services, and logistics services. The company generates maximum revenue from a single operating segment, namely the Shipping segment.
34GF Score
Get the complete analysis for NSE:ESSARSHPNG
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:ESSARSHPNG has been successfully added to your 
