Essar Shipping Ltd 533704.BO
₹16.18 ₹0.13 (0.81%) 1D
Last Updated: Sep 10, 12:00 AM·BSE
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Is Essar Shipping Ltd Stock Halal?
Shariah Compliance Analysis of 533704.BO Stock
India Energy Nano Cap No. As of September 2026, Essar Shipping Ltd (533704.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Essar Shipping Ltd does not pass Musaffa's business and financial screening criteria.
Essar Shipping Ltd. operates as a holding company, which engages in the provision of integrated logistics services. The company is headquartered in Mumbai, Maharashtra and currently employs 21 full-time employees. The company went IPO on 2011-11-14. The firm is mainly engaged in fleet operating and chartering activities and operates international and coastal voyages. The firm also invested in diverse business verticals, such as fleet operating and chartering (tankers and dry bulkers), oilfields services (land rigs and semi- submersible rig) and logistics services (trucks, trailers and tippers). The Company’s segments include fleet operating and chartering. The company has a fleet of 14 vessels that include VLCCs, Capesizes, Mini-capes, Panamax, Supramaxes and Handysize bulk carriers. The oilfields services business provides contract drilling services to oil and gas companies across the globe. This business owns one semi-submersible rig and 15 land rigs. The Company’s subsidiaries include OGD Services Holdings Limited, Energy II Limited, and Essar Shipping DMCC.
533704.BO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Essar Shipping Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Essar Shipping Ltd (533704.BO) Chart
Financial Metrics & Statements of Essar Shipping Ltd (533704.BO)
FAQ's for Essar Shipping Ltd (533704.BO)
- As of September 2026, Essar Shipping Ltd 533704.BO is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Essar Shipping Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Essar Shipping Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Essar Shipping Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Essar Shipping Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Essar Shipping Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Essar Shipping Ltd (533704.BO)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
