Essar Steel Ltd (ESL) is ranked 328th in Business Barons-Global Data Services of India's list of India's 500 Most Outstanding Companies in 2002-2003. The rankings are based on a weighted combination of sales, profit after tax, net profit margin and market capitalisation in the ratio 3:2:1.5:1.5. Companies whose results were announced after 1 Jul 2003 are not included in the list and data relating to less than/more than 12 months have been annualised. ESL announced a net loss of Rs739.65 crore for the year to 30 Sep 2002. Its net sales were at Rs2,174.59 crore and net profit margin at a negative 34.01 percent. Its market capitalisation as on 30 Jun 2003 was at Rs532.07 crore.