---
title: "ArcelorMittal Nippon Steel India Ltd (ESTL) — Share Price, Financials & Analysis"
symbol: "ESTL"
company: "ArcelorMittal Nippon Steel India Ltd"
canonical: "https://tapetide.com/stocks/ESTL"
generated_at: "2026-10-13T10:57:54.451Z"
---

# ArcelorMittal Nippon Steel India Ltd (ESTL)

Canonical page: https://tapetide.com/stocks/ESTL

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** essar.com

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 56% | -26% | — |
| revenue growth | 26% | 33% | 19% |

## Financial Statements

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 10618 | 12300 | 16273 | 15038 | 13327 | 13934 | 13654 | 19907 | 25164 | 31820 |
| Expenses | 9210 | 11479 | 15025 | 14170 | 13020 | 14946 | 14304 | 17895 | 28565 | 29750 |
| Operating Profit | 1408 | 821 | 1248 | 869 | 307 | -1013 | -650 | 2012 | -3400 | 2071 |
| OPM % | 13 | 7 | 8 | 6 | 2.3 | -7 | -4.8 | 10 | -14 | 7 |
| Other Income | 365 | 894 | 689 | -1052 | 2622 | 6695 | 927 | -1283 | 300 | 160 |
| Interest | 908 | 1201 | 2235 | 2481 | 4177 | 3865 | 4852 | 5608 | 7373 | 8238 |
| Depreciation | 793 | 891 | 986 | 1562 | 1067 | 808 | 1950 | 1903 | 1880 | 1900 |
| Profit before tax | 72 | -378 | -1284 | -4226 | -2315 | 1009 | -6525 | -6782 | -12353 | -7907 |
| Tax % | 69 | -56 | -3 | -34 | -31 | 36 | -33 | -23 | 36 | -7 |
| Net Profit | 22 | -166 | -1252 | -2785 | -1597 | 648 | -4357 | -5198 | -16843 | -7331 |
| EPS in Rs | — | — | — | — | — | — | — | — | — | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1140 | 2527 | 2628 | 2798 | 2826 | 3110 | 3110 | 3110 | 3110 | 3110 |
| Reserves | 6868 | 7981 | 6382 | 4262 | 5615 | 10959 | 2425 | -2680 | -19537 | -26870 |
| Borrowings | 18231 | 22427 | 26791 | 29694 | 31464 | 28453 | 36455 | 39180 | 43208 | 49691 |
| Other Liabilities | 6000 | 6138 | 6958 | 11034 | 15503 | 21261 | 18623 | 20790 | 26925 | 28841 |
| Total Liabilities | 32239 | 39073 | 42759 | 47788 | 55408 | 63782 | 60612 | 60400 | 53706 | 54772 |
| Fixed Assets | 9284 | 10254 | 20610 | 28785 | 14150 | 42014 | 43250 | 42339 | 40722 | 40004 |
| CWIP | 14492 | 16475 | 11295 | 6005 | 27295 | 4582 | 3397 | 4073 | 3841 | 3166 |
| Investments | 493 | 397 | 540 | 1033 | 1154 | 1276 | 1279 | 556 | 405 | 356 |
| Other Assets | 7971 | 11947 | 10314 | 11965 | 12809 | 15910 | 12686 | 13432 | 8739 | 11246 |
| Total Assets | 32239 | 39073 | 42759 | 47788 | 55408 | 63782 | 60612 | 60400 | 53706 | 54772 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 92 | 30 | 3570 | 1209 | 4774 | 3315 | 526 | 3018 | 1744 | 373 |
| Cash from Investing Activity | -6221 | -4585 | -3758 | -2829 | -1045 | -1722 | 1738 | -22 | 165 | -300 |
| Cash from Financing Activity | 5961 | 4363 | 99 | 1655 | -3629 | -1535 | -2418 | -2784 | -1980 | -167 |
| Net Cash Flow | -168 | -192 | -89 | 34 | 100 | 57 | -153 | 212 | -72 | -94 |
| Free Cash Flow | -5360 | -5371 | -677 | -1177 | 3409 | 1606 | 2677 | 2851 | 1646 | 311 |
| CFO/OP | 9 | 0 | 284 | 136 | 1558 | -327 | -82 | 150 | -52 | 19 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 16 | 15 | 13 | 17 | 32 | 33 | 38 | 28 | 15 | 18 |
| Inventory Days | 271 | 319 | 171 | 180 | 158 | 135 | 92 | 80 | 87 | 85 |
| Days Payable | 260 | 169 | 186 | 358 | 346 | 336 | 170 | 146 | 125 | 91 |
| Cash Conversion Cycle | 28 | 165 | -1 | -161 | -156 | -168 | -40 | -37 | -23 | 12 |
| Working Capital Days | 49 | 128 | 27 | -57 | -59 | -49 | -268 | -241 | -278 | -221 |
| ROCE % | 5 | 2 | 2 | -1 | 5 | 5 | -4 | 2 | -15 | 1 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 0.51 | Sell |
| EMA (10) | 0.51 | Sell |
| SMA (20) | 0.54 | Sell |
| EMA (20) | 0.53 | Sell |
| SMA (50) | 0.56 | Sell |
| EMA (50) | 0.56 | Sell |
| SMA (100) | 0.59 | Sell |
| EMA (100) | 0.6 | Sell |
| SMA (200) | 0.71 | Sell |
| EMA (200) | 0.7 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.58 | Neutral |
| MACD (12,26,9) | -0.02 | Sell |
| Stochastic (14,3,3) | 30.76 | Neutral |
| ADX (14) | 31.64 | Buy |
| Williams %R (14) | -60 | Neutral |
| ATR (14) | 0.02 | High Volatility |
| ROC (12) | -7.27 | Sell |
| Stoch RSI (14) | 64.8 | Neutral |
| UO (7,14,28) | 49.8 | Neutral |

## Filings & Documents

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2024-11-07 | Credit rating update — CRISIL |
| 2024-10-09 | Credit rating update — CARE Ratings |
| 2024-08-30 | Credit rating update — CRISIL |
| 2024-08-28 | Credit rating update — CARE Ratings |
| 2024-03-15 | Credit rating update — CRISIL |
| 2024-03-07 | Credit rating update — CRISIL |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:57:54.451Z.