BSE: 544475
ESSEX MARINE LIMITED
Processes frozen fish and shrimp for export, operating a peeling and processing facility at Shankarpur in West Bengal. The core business buys raw seafood, peels, freezes and packs it — chiefly Vannamei shrimp — for sale to buyers in Japan, China, Europe and Israel, with export volumes rising from 550 MT to 972 MT in FY26. A new Ready-to-Cook line was added with blanching and cooking machinery, and peeling capacity was doubled to 21.6 tons per day. Alongside processing, the company rents out cold storage (Rs 144.42 lakhs of FY26 revenue) and recently launched its own cold-chain logistics service under the brand 'DE SENS COLDSTORE' using leased and owned refrigerated trucks. Raw materials are the dominant input at 85.5% of revenue, with cost of materials consumed at Rs 5,191.95 lakhs in FY26. Revenue from operations for FY26 was Rs 6,069.26 lakhs, of which the core processing segment contributed Rs 5,749.04 lakhs. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Frozen fish and shrimp processing, Cold storage, Cold chain logistics (DE SENS COLDSTORE), Ready-to-Cook seafood. Small, export-oriented seafood processing and cold-chain business; raw-material-heavy cost structure
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY26 |
|---|---|
| Revenue | 61 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 4.63 |
| ROE % · ROCE % | — · 19.2 |
| Debt / equity (x) | — |
| Cash from operations | (3) |
| Capex | (0) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 33 | 28 |
| Profit before tax | 5 | 4 |
| Net profit | — | — |
| EPS (₹) | 2.48 | 2.15 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| APEX FROZEN FOODS LIMITED | 940 | 18.3 | 1.78 | — | 7.4 | 9.8 | — | 12.9 |
| SHARAT INDUSTRIES LTD. | 591 | 36.9 | 3.82 | 17.9 | 10.3 | 11.8 | — | 3.6 |
| COASTAL CORPORATION LTD | 235 | 6.0 | 0.83 | 8.1 | 9.4 | 8.3 | 15.4 | 11.5 |
| WATERBASE LTD. | 170 | — | 1.20 | — | (10.4) | (13.5) | 10.6 | (1.3) |
| KINGS INFRA VENTURES LIMITED | 151 | 10.3 | 1.75 | 7.1 | 18.5 | 18.3 | — | 16.8 |
| Zeal Aqua Limited | 131 | 9.3 | 1.27 | — | 13.7 | 16.2 | — | 6.6 |
| ESSEX MARINE LIMITED ◆ | 63 | 8.9 | — | — | — | 15.7 | — | — |
| NCC BLUE WATER PRODUCTS LTD. | 17 | 6.1 | 1.19 | — | 19.5 | 23.1 | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.9 | 9.3 | 3 of 7 | 67% |
| ROCE | 15.7 | 12.3 | 4 of 9 | 63% |
| Market cap | 63 | 151 | 7 of 9 | 25% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Routine Compliance Certificate Under SEBI Regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading Window Closed from Oct 1, 2026 Till Q2 Results | compliance | minimal | — | — |
| 3 Sept 2026 · Essex Marine 17th AGM: All resolutions passed with 99.97% approval | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Essex Marine 17th AGM proceedings — two ordinary resolutions tabled | board shareholder meetings | low | — | — |
| 11 Aug 2026 · Newspaper publication of 17th AGM notice and annual report | compliance | minimal | — | — |
| 10 Aug 2026 · Annual Report FY2025-26 filed with BSE | results | high | — | — |
| 10 Aug 2026 · Notice of 17th Annual General Meeting scheduled on September 2, 2026 | board shareholder meetings | low | — | — |
| 5 Aug 2026 · Newspaper Publication of 17th AGM Notice and E-Voting Details | compliance | minimal | — | — |
| 4 Aug 2026 · Essex Marine 17th AGM on Sept 2, 2026; Book Closure Aug 27 to Sept 2 | board shareholder meetings | low | — | — |
| 4 Aug 2026 · Essex Marine board fixes 17th AGM on Sep 2 via video conference | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.