Great Eastern Shipping Company Ltd
GESHIP NSE
Great Eastern Shipping Company Ltd
Transport ServicesNSE: GESHIP BSE: 500620 Shipping
Key Fundamentals
SmallcapShippingTransport ServicesMarket Cap
₹18,818 Cr
Volatility
Moderate
P/E Ratio
4.96
EBITDA
₹4,051 Cr
Return on Equity
17.35%
Debt to Equity
0.06
Book Value
₹1,188.12
EPS
₹199.62
52W High
₹1,798
52W Low
₹922.5
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Great Eastern Shipping Company Ltd insights
44 extracted metrics + investor summaries across FY00–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
5- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.07 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 18.3%
Weaknesses
2- The company has delivered a poor sales growth of 10.2% over past five years.
- Tax rate seems low
Growth Rate
Revenue Growth
2.53% ↘
Net Income Growth
25.52% ↗
Cash Flow Change
7.80% ↗
ROE
5.54% ↘
ROCE
5.30% ↘
EBITDA Margin (Avg.)
12.54% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoAI opinion · based on fundamentals
Risk high
Great Eastern Shipping Company trades at a PE of 4.9x and 1.09x book value with a market cap of Rs 18,277 crore. The company is nearly debt-free and delivered 126% TTM profit growth, though its 5-year sales CAGR of 10% reflects the cyclical nature of the shipping industry.
Bull Case 8
- Extremely low PE ratio of 4.9x suggests the stock is inexpensive relative to its earnings power
- Company is almost debt-free, providing significant financial flexibility and lower interest burden in a capital-intensive industry
- TTM profit growth of 126% indicates a sharp earnings recovery driven by favorable freight rate environment
- Consistent ROE of 16-17% over the last 3-5 years demonstrates efficient capital allocation relative to book value
- Stock trades at just 1.09x book value despite generating double-digit returns on equity, indicating potential undervaluation
- Stock CAGR of 33% over 5 years and 32% over 1 year shows strong momentum and wealth creation
- Healthy dividend payout of 18.3% with a 1.11% yield provides income even in a cyclical business
- TTM sales growth of 24% signals a strong upcycle with improving revenue visibility
Bear Case 8
- 5-year compounded sales growth of only 10% and 3-year sales CAGR of -2% reflect structural volatility and lack of consistent top-line growth
- Shipping is a deeply cyclical sector — the current 126% profit surge may normalize sharply if freight rates decline
- 10-year sales CAGR of just 4% underscores the difficulty of compounding revenue in this industry over longer periods
- 3-year compounded profit growth of 0% shows that recent earnings surge follows a prolonged period of stagnant profitability
- Low tax rate flagged as a concern may not be sustainable, and normalization could compress net margins
- 10-year ROE averages only 12%, indicating that the current 16-17% level may revert to lower mid-cycle levels
- Dividend yield of 1.11% is modest relative to the earnings base, suggesting limited shareholder returns despite low PE
- Capital-intensive fleet renewal requirements could strain balance sheet in future despite current debt-free status
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 16h ago Positives 2
- Q1 net profit surges 159% YoY Aug 3
Consolidated net profit jumped to ₹1,308.84 crore in Q1FY27 from ₹504.50 crore YoY. Board declared interim dividend of ₹14.40 per share.
- Kamsarmax bulk carrier acquired Aug 7
GE Shipping contracted to buy a 2015-built 81,886 dwt Kamsarmax dry bulk carrier joining fleet in Q3 FY27, funded by internal accruals.
Neutral 4
- Q1FY27 earnings call hosted Aug 4
Audio recording of earnings call held August 4, 2026 uploaded per SEBI Regulation 30. CFO G. Shivakumar led the discussion on June quarter results.
- 78th AGM held Aug 4
Shareholders approved FY26 financials and re-appointed G. Shivakumar as director at the 78th AGM on August 4, 2026.
- Investor meet scheduled Aug 7 Aug 3
Company announced an investor and analyst meet in Mumbai on August 7, 2026 to discuss performance and outlook.
- LR2 tanker Jag Lokesh delivered Jul 21
2009-built LR2 product tanker Jag Lokesh sold and delivered on July 21, 2026. Fleet now stands at 40 vessels aggregating 3.24 mn dwt.
TL;DR: Great Eastern Shipping delivered a strong Q1FY27 with net profit more than doubling YoY to ₹1,309 crore, supported by favorable shipping rates. The company is actively renewing its fleet—selling an older 2009-built tanker while acquiring a younger 2015-built bulk carrier funded internally. No visible headwinds in recent news, though cyclicality in freight rates remains an inherent sector risk. The trend appears positive with robust earnings and disciplined capital allocation.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,284 | 1,229 | 1,245 | 1,497 | 1,508 | 1,354 | 1,237 | 1,223 | 1,201 | 1,242 | 1,454 | 1,511 | 2,005 |
| Expenses | 492 | 586 | 595 | 561 | 597 | 701 | 626 | 721 | 559 | 514 | 619 | 570 | 668 |
| Operating Profit | 792 | 643 | 650 | 937 | 911 | 654 | 611 | 502 | 643 | 728 | 836 | 941 | 1,338 |
| OPM % | 62% | 52% | 52% | 63% | 60% | 48% | 49% | 41% | 54% | 59% | 57% | 62% | 67% |
| Other Income | 51 | 232 | 151 | 229 | 195 | 225 | 264 | 150 | 135 | 140 | 282 | 346 | 281 |
| Interest | 62 | 77 | 67 | 59 | 61 | 64 | 61 | 51 | 45 | 44 | 25 | 23 | 20 |
| Depreciation | 180 | 187 | 194 | 166 | 197 | 206 | 205 | 205 | 197 | 224 | 246 | 222 | 234 |
| PBT | 601 | 612 | 540 | 942 | 848 | 610 | 608 | 396 | 536 | 601 | 847 | 1,043 | 1,365 |
| Tax % | 4% | 3% | 0% | 4% | 4% | 6% | 2% | 8% | 6% | 3% | 4% | 0% | 4% |
| Net Profit | 576 | 595 | 538 | 905 | 812 | 576 | 594 | 363 | 504 | 581 | 813 | 1,044 | 1,309 |
| EPS in Rs | 40.36 | 41.65 | 37.7 | 63.4 | 56.87 | 40.32 | 41.58 | 25.43 | 35.34 | 40.72 | 56.91 | 73.13 | 91.68 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,438 | 3,808 | 3,117 | 3,038 | 3,547 | 3,687 | 3,337 | 3,509 | 5,690 | 5,255 | 5,323 | 5,409 | 6,213 |
| Expenses | 2,005 | 1,823 | 1,686 | 1,838 | 2,480 | 2,470 | 1,683 | 1,969 | 2,563 | 2,234 | 2,646 | 2,261 | 2,370 |
| Operating Profit | 1,433 | 1,985 | 1,431 | 1,200 | 1,067 | 1,217 | 1,653 | 1,540 | 3,128 | 3,022 | 2,677 | 3,148 | 3,843 |
| OPM % | 42% | 52% | 46% | 40% | 30% | 33% | 50% | 44% | 55% | 58% | 50% | 58% | 62% |
| Other Income | 276 | 119 | 506 | 102 | 269 | 211 | 232 | 148 | 481 | 664 | 834 | 903 | 1,049 |
| Interest | 301 | 288 | 378 | 455 | 521 | 450 | 242 | 370 | 343 | 265 | 236 | 136 | 111 |
| Depreciation | 610 | 608 | 678 | 769 | 773 | 743 | 700 | 698 | 712 | 726 | 813 | 889 | 926 |
| PBT | 798 | 1,208 | 882 | 79 | 42 | 235 | 943 | 620 | 2,554 | 2,694 | 2,462 | 3,026 | 3,855 |
| Tax % | 6% | 9% | 14% | 367% | 151% | 12% | 3% | -2% | -1% | 3% | 5% | 3% | — |
| Net Profit | 748 | 1,097 | 755 | -210 | -21 | 207 | 919 | 630 | 2,575 | 2,614 | 2,344 | 2,943 | 3,747 |
| EPS in Rs | 49.63 | 72.76 | 50.07 | -13.96 | -1.42 | 14.09 | 62.5 | 44.09 | 180 | 183 | 164 | 206 | 262 |
| Div. Payout % | 22% | 19% | 20% | -52% | -380% | 57% | 14% | 22% | 16% | 20% | 18% | 17% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 151 | 151 | 151 | 151 | 151 | 147 | 147 | 143 | 143 | 143 | 143 | 143 |
| Reserves | 7,280 | 6,413 | 7,073 | 6,777 | 6,659 | 6,649 | 7,557 | 7,909 | 10,133 | 12,255 | 14,116 | 16,820 |
| Borrowings | 6,540 | 5,759 | 6,816 | 6,213 | 5,999 | 5,295 | 5,047 | 4,655 | 3,649 | 3,048 | 2,163 | 1,087 |
| Other Liabilities | 1,565 | 1,610 | 1,363 | 1,523 | 1,562 | 1,742 | 1,394 | 1,262 | 1,284 | 1,362 | 1,233 | 1,411 |
| Total Liabilities | 15,535 | 13,933 | 15,402 | 14,664 | 14,370 | 13,833 | 14,145 | 13,969 | 15,209 | 16,808 | 17,656 | 19,460 |
| Fixed Assets | 10,888 | 8,925 | 10,304 | 9,809 | 9,617 | 9,123 | 9,042 | 8,877 | 8,450 | 8,329 | 8,247 | 9,339 |
| CWIP | 227 | 328 | 22 | 13 | 14 | 123 | 24 | 24 | 35 | 59 | 21 | 46 |
| Investments | 1,250 | 912 | 875 | 856 | 601 | 963 | 1,350 | 1,157 | 1,510 | 1,970 | 2,289 | 2,392 |
| Other Assets | 3,170 | 3,768 | 4,201 | 3,986 | 4,138 | 3,624 | 3,729 | 3,910 | 5,215 | 6,450 | 7,099 | 7,684 |
| Total Assets | 15,535 | 13,933 | 15,402 | 14,664 | 14,370 | 13,833 | 14,145 | 13,969 | 15,209 | 16,808 | 17,656 | 19,460 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 1,445 | 2,151 | 1,522 | 969 | 1,096 | 1,481 | 1,534 | 1,323 | 2,975 | 2,808 | 2,647 | 2,854 |
| Investing | -725 | -440 | -1,548 | -412 | 429 | 622 | -882 | -337 | 39 | -868 | -148 | -860 |
| Financing | -228 | -1,677 | 713 | -1,158 | -1,020 | -1,872 | -505 | -1,189 | -1,893 | -1,330 | -1,675 | -1,769 |
| Net Cash Flow | 491 | 34 | 687 | -602 | 505 | 230 | 147 | -203 | 1,120 | 610 | 824 | 225 |
| Free Cash Flow | 210 | 1,588 | -389 | 498 | 481 | 1,385 | 1,013 | 911 | 2,776 | 2,373 | 2,472 | 1,276 |
| CFO/OP | 105 | 115 | 115 | 90 | 110 | 127 | 93 | 85 | 95 | 94 | 102 | 93 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 36 | 30 | 24 | 30 | 31 | 34 | 30 | 33 | 37 | 45 | 33 | 43 |
| Cash Conversion Cycle | 36 | 30 | 24 | 30 | 31 | 34 | 30 | 33 | 37 | 45 | 33 | 43 |
| Working Capital Days | -211 | -161 | -207 | -163 | -132 | -36 | -67 | -55 | -16 | -16 | -21 | 33 |
| ROCE % | 8% | 11% | 8% | 4% | 4% | 4% | 9% | 7% | 21% | 19% | 14% | 16% |
Documents
Frequently Asked Questions about Great Eastern Shipping Company Ltd
What does Great Eastern Shipping Company Ltd do?
Great Eastern Shipping Company Ltd, along with its subsidiaries is a major player in the Indian shipping and Oil drilling services industry.[1]
Where is Great Eastern Shipping Company Ltd (GESHIP) listed?
Great Eastern Shipping Company Ltd is listed on the Indian stock exchanges. It is listed on NSE: GESHIP and BSE: 500620. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Great Eastern Shipping Company Ltd belong to?
Great Eastern Shipping Company Ltd operates in the Transport Services sector within the Shipping industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Great Eastern Shipping Company Ltd?
Great Eastern Shipping Company Ltd has a market capitalisation of approximately ₹18818.14 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Great Eastern Shipping Company Ltd?
The Price-to-Earnings (PE) ratio of Great Eastern Shipping Company Ltd is 4.96. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Great Eastern Shipping Company Ltd?
Over the past 52 weeks, Great Eastern Shipping Company Ltd has traded between a low of ₹922.5 and a high of ₹1,798. This range helps investors understand the stock's price volatility and recent trading levels.
Does Great Eastern Shipping Company Ltd pay dividends?
Yes, Great Eastern Shipping Company Ltd has a dividend yield of 1.13%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Great Eastern Shipping Company Ltd?
Great Eastern Shipping Company Ltd has a Return on Equity (ROE) of 17.35%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Great Eastern Shipping Company Ltd on Tapetide?
On Tapetide, you can view Great Eastern Shipping Company Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Great Eastern Shipping Company Ltd, along with its subsidiaries is a major player in the Indian shipping and Oil drilling services industry.[1]
Website greatship.com
CEO Mr. Bharat Kanaiyalal Sheth
Employees 240
Listed 2006-11-27
Face Value ₹ 10
Issued Size 14,27,67,161