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Essar Shipping balance sheet is weak and might have solvency issues
The debt of Essar Shipping is decreasing.
Latest debt of Essar Shipping is ₹1,740 Crs as of Sep-24.
This is less than Mar-24 when it was ₹2,594 Crs.
The profit is oscillating.
The profit of Essar Shipping is ₹591 Crs for TTM, -₹131.07 Crs for Mar 2024 and ₹4,239 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Essar Shipping latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable