Trending stocks: Essar Shipping shares down nearly 1%

NEW DELHI: Shares of Essar Shipping Ltd. traded 0.61 per cent down in Tuesday’s trade at 11:10AM (IST). Around 5,212 shares changed hands on the counter.

The scrip opened at Rs 8.34 and touched an intraday high and low of Rs 8.34 and Rs 8.05, respectively, in the session so far. Shares of the company of Essar Shipping Ltd. quoted a 52-week high of Rs 10.97 and a 52-week low of Rs 4.6.

Total market cap of the Essar Shipping Ltd. stood at Rs 169.31 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 381.79 crore for the quarter ended 31-Dec-2019, down 1.09 per cent from previous quarter’s Rs 385.99 crore and down 21.46 per cent from the year-ago quarter’s Rs 314.34 crore.

The net loss for latest quarter stood at Rs 89.28 crore, up 3781.74 per cent from the same quarter a year ago.

Shareholding pattern

As of 31-Mar-2020, DIIs held 0.01 per cent stake in the company, while foreign institutional investors held 0.0 per cent and the promoters 3.94 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of -0.05 and a price-to-book ratio of -0.1. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Essar Shipping Ltd. belongs to the Shipping industry.