Essar Shipping
25.49
-0.48(-1.85%)
Market Cap₹537.50 Cr
PE Ratio3.78
Company Performance:
1D-1.85%
1M-9.45%
6M+0.67%
1Y-45.36%
5Y+138.22%
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Latest news about Essar Shipping
Essar Shipping Under SFIO Scrutiny Amid Financial Challenges 4 days ago
Essar Shipping received a notice from SFIO initiating an investigation into its affairs. Despite this, the company reported improved Q2 results with total income rising to ₹52.03 crore and a profit of ₹41.67 crore. The company sold its stake in a foreign subsidiary, recognizing a profit of ₹47.70 crore. However, Essar Shipping still faces challenges with eroded net worth and current liabilities exceeding current assets. Management is pursuing measures to improve the company's financial position, including plans to charter its Tug vessel.
Essar Shipping's Non-Executive Director Srinivasan Vaidyanathan Resigns Due to Personal Commitments Jul 22, 2025