Essar Steel (Delisted) share price
BSE: 500627
Essar Steel Ltd · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary
Last traded ₹51.80 on 13 Dec 2007
Delisted on 14 Dec 2007.
Last announcements
The company's own last announcements before its shares stopped trading, routine notices left out.
Dec 2007
24 Dec · Suspension of Preference Shares
Members of the Exchange are hereby informed that the trading in the 0.01% Cumulative Redeemable Preference Shares (Series - P1) of Essar Steel Limited shall be suspended w.e.f. December 28, 2007 (i.e. closing hours of trading on December 27, 2007) on account of premature redemption.19 Dec · Corporate action
The Company has fixed 4th January, 2008 as the Record Date for determining the names of shareholders who shall be entitled to receive the redemption proceeds of 0.01% Cumulative Redeemable Preference Shares of Rs.10/- each. The company has already obtained approval from the members through postal ballot on December 15, 2007 for premature redemption of these preference shares of Rs.10/- each at a premium of Rs.2.50 per share(viz. Rs.12.50 per share)17 Dec · Results
Essar Steel Limited had informed the Exchange regarding the dispatch postal ballot form in relation to Special Resolution given in the postal ballot notice dated October 31, 2007. The Company has now informed the Exchange that the Postal Ballot forms were received till the closure of the working hours of December 13, 2007. The scrutiniser, Shri T V Visweswara Rao, submitted his report to the Chairman appointed for the postal ballot process. Outcome of the postal ballot has been announced on December 15, 2007. As per the announcement, the special resolution has been passed with requisite majority. Accordingly, consent of the 0.01% Cumulative Redeemable Preference Shareholders & Equity Shareholders has been obtained for Premature redemption of 0.01% Cumulative Redeemable Preference Shares of Rs.10/- each at a premium of Rs.2.50 per share (viz. Rs.12.50 per share).12 Dec · Suspension and Delisting of trading in equity shares
Members are requested to refer to the broadcast message dated December 5, 2007 of Essar Steel Limited (Symbol: ESTL) regarding suspension of trading in the equity shares of Essar Steel Limited w.e.f December 7, 2007 (i.e. w.e.f. closing hours of trading on December 6, 2007) and subsequent withdrawal of admission to dealings (delisting) in securities of the said company w.e.f. December 14, 2007 being kept in abeyance until further notice. Members are hereby informed that the trading in equity shares (Series - EQ/BL) of Essar Steel Limited (Symbol: ESTL) shall be suspended w.e.f December 14, 2007 (i.e. w.e.f. closing hours of trading on December 13, 2007) and admission to dealings in securities of the said company shall be withdrawn (delisted) w.e.f. December 24, 2007. This decision is being taken pursuant to the order passed today i.e on December 12, 2007 by the Hon'ble Securities Apellate Tribunal (SAT) vacating the earlier interim order passed by SAT on December 5, 2007.5 Dec · Suspension/Delisting kept in abeyance
Members are requested to refer to the broadcast message dated November 23, 2007 of Essar Steel Limited (Symbol: ESTL) regarding suspension of trading in the equity shares of Essar Steel Limited w.e.f December 7, 2007 (i.e. w.e.f. closing hours of trading on December 6, 2007) and subsequent withdrawal of admission to dealings (delisting) in securities of the said company w.e.f. December 14, 2007 on account of voluntary delisting pursuant to the SEBI (Delisting of Securities) Guidelines, 2003. Members may note that the same is being kept in abeyance until further notice. This decision is being taken pursuant to interim order passed today i.e. on December 5, 2007 by Hon ble Securities Appellate Tribunal (SAT). Therefore, Members may note that trading in the equity shares of Essar Steel Limited will continue until further notice.
Nov 2007
23 Nov · Suspension and Delisting of trading in equity shares
Members of the Exchange are hereby informed that the trading in the equity shares of Essar Steel Limited shall be suspended w.e.f. December 7, 2007 (i.e. w.e.f. closing hours of trading on December 6, 2007) on account of voluntary delisting pursuant to the SEBI (Delisting of Securities) Guidelines, 2003. The admission to dealings in securities of the said company shall be withdrawn (delisted) w.e.f. December 14, 2007.
Results for the quarter to Sep 2007
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹2,561 Cr
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary
- ₹609 Cr
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- ₹152 Cr
- Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. Earnings per share in the glossary
- ₹1.32
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- 23.8%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 5.9%
From revenue to net profit, ₹ crore
- Revenue2,561
- Operating expenses−1,953
- Operating profit609
- Depreciation−186
- Other income+1.5
- Finance costs−160
- Profit before tax264
- Tax−112
- Net profit152
Essar Steel results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Sep 2007. Results for the quarter to Dec 2007 were due by 14 Feb 2008, 45 days after it ends. Every company's dates are on the results calendar.
| ₹ crore | Sep 2007 |
|---|---|
| Revenue from operations | 2,561 |
| Operating expensesOperating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | 1,953 |
| Operating profit before depreciation | 609 |
| Operating margin | 23.8% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | 186 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | 2 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | 160 |
| Profit before tax | 264 |
| Tax | 112 |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 42.4% |
| Net profit | 152 |
| Net margin | 5.9% |
| Earnings per share | ₹1.32 |
Earnings per share in rupees, restated for later splits and bonuses.
Recent sessions
The 10 trading days to 13 Dec 2007, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 13 Dec 2007 | 51.60 | 53.50 | 51.50 | 51.80 | 51.87 | 64,38,660 |
| 12 Dec 2007 | 62.80 | 67.30 | 57.20 | 57.20 | 60.16 | 37,84,225 |
| 11 Dec 2007 | 67.50 | 68.00 | 63.10 | 63.50 | 65.46 | 13,83,543 |
| 10 Dec 2007 | 69.50 | 69.70 | 65.25 | 66.30 | 66.82 | 17,29,236 |
| 7 Dec 2007 | 76.70 | 78.20 | 64.00 | 67.85 | 69.63 | 89,50,810 |
| 6 Dec 2007 | 65.00 | 71.10 | 65.00 | 71.10 | 70.95 | 31,73,139 |
| 5 Dec 2007 | 57.50 | 65.40 | 57.50 | 59.25 | 61.96 | 1,06,45,381 |
| 4 Dec 2007 | 48.00 | 56.85 | 47.60 | 55.90 | 52.91 | 88,93,035 |
| 3 Dec 2007 | 47.25 | 48.00 | 47.10 | 47.40 | 47.63 | 10,10,078 |
| 30 Nov 2007 | 46.80 | 47.30 | 46.80 | 47.15 | 47.10 | 3,07,380 |
Prices in ₹ per share as traded, not adjusted.
Company details
- BSE code
- 500627
- ISIN
- INE127A01021
- Website
- www.essar.com
- Registered office
- Post Hazira, Surat 394270, Gujarat