Great Eastern Shipping Company Ltd logo

Great Eastern Shipping Company Ltd

GESHIP NSE

Great Eastern Shipping Company Ltd, along with its subsidiaries is a major player in the Indian shipping and Oil drilling services industry.[1]

AI Verdict: BUY Confidence: 7%

Great Eastern Shipping trades at an attractive PE of 7.2x with near-zero debt, 19% ROE, and a 2.38% dividend yield. The stock has delivered 48% returns over the past year, and all analysts rate it a buy. However, weak sales growth of just 2% TTM and ballooning working capital days warrant caution.

Key Fundamentals

SmallcapShippingTransport Services
Market Cap
₹21,741 Cr
Volatility
Moderate
P/E Ratio
7.27
EBITDA
₹3,148 Cr
Return on Equity
21.09%
Debt to Equity
0.2
Book Value
₹1,188.12
EPS
₹199.62
52W High
₹1,798
52W Low
₹913.1

Technical Indicators

Key Insights

Strengths

2
  • Company has reduced debt.
  • Company is almost debt free.

Weaknesses

3
  • The company has delivered a poor sales growth of 10.2% over past five years.
  • Tax rate seems low
  • Working capital days have increased from 53.7 days to 199 days

Growth Rate

Revenue Growth
-12.15% ↘
Net Income Growth
25.81% ↘
Cash Flow Change
-5.72% ↘
ROE
-22.05% ↘
ROCE
-14.12% ↘
EBITDA Margin (Avg.)
-12.55% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 1d ago
BUY
Risk medium

Great Eastern Shipping trades at an attractive PE of 7.2x with near-zero debt, 19% ROE, and a 2.38% dividend yield. The stock has delivered 48% returns over the past year, and all analysts rate it a buy. However, weak sales growth of just 2% TTM and ballooning working capital days warrant caution.

Bull Case 8
  • Stock trades at a PE of just 7.2x, significantly below broader market averages, indicating deep value
  • Company is almost debt-free, reducing financial risk in a cyclical shipping industry
  • ROE of 19% last year and consistent 18% over 3 and 5 years demonstrates efficient capital allocation
  • 100% analyst consensus with all 2 ratings being Buy signals institutional confidence
  • Dividend yield of 2.38% provides downside protection and income in a low-yield market
  • Stock CAGR of 48% over 1 year and 28% over 3 years shows strong price momentum
  • Compounded profit growth of 57% TTM indicates significant earnings expansion
  • Price-to-book of 1.24x is reasonable for a company generating 19% ROE, suggesting undervaluation
Bear Case 8
  • Compounded sales growth of just 2% TTM and negative 2% over 3 years indicates revenue stagnation
  • Working capital days have surged from 53.7 to 199 days, signaling deteriorating cash conversion efficiency
  • 10-year sales CAGR of only 4% reflects structural low-growth nature of the business
  • Shipping is a deeply cyclical sector and current high profitability (57% TTM profit growth) may not sustain
  • Low tax rate raises questions about sustainability of reported earnings and potential future tax normalization
  • Only 2 analysts cover the stock, limiting institutional scrutiny and price discovery
  • 52-week high and low data unavailable (reported as 0), limiting technical risk assessment
  • 5-year sales growth of 10.2% is classified as poor relative to peers, capping re-rating potential

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Positives 1
  • LR2 tanker fleet expansion Jun 16

    GE Shipping contracted to buy a 110,000 dwt LR2 tanker on June 16, 2016. The vessel is expected to join the fleet in Q2 FY27, adding capacity to the tanker segment.

TL;DR: Great Eastern Shipping is actively expanding its fleet with the acquisition of a 110,000 dwt LR2 tanker, signaling confidence in the tanker market outlook. No headwinds or negative developments emerged in the current news cycle. The fleet addition in Q2 FY27 should support revenue growth, though the impact depends on prevailing freight rates at the time of deployment.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
1,456
1,284
1,229
1,245
1,497
1,508
1,354
1,237
1,223
1,201
1,242
1,454
1,511
Expenses
609
492
586
595
561
597
701
626
721
559
514
619
570
Operating Profit
847
792
643
650
937
911
654
611
502
643
728
836
941
OPM %
58%
62%
52%
52%
63%
60%
48%
49%
41%
54%
59%
57%
62%
Other Income
95
51
232
151
229
195
225
264
150
135
140
282
346
Interest
77
62
77
67
59
61
64
61
51
45
44
25
23
Depreciation
167
180
187
194
166
197
206
205
205
197
224
246
222
PBT
698
601
612
540
942
848
610
608
396
536
601
847
1,043
Tax %
-4%
4%
3%
0%
4%
4%
6%
2%
8%
6%
3%
4%
0%
Net Profit
722
576
595
538
905
812
576
594
363
504
581
813
1,044
EPS in Rs
50.57
40.36
41.65
37.7
63.4
56.87
40.32
41.58
25.43
35.34
40.72
56.91
73.13
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
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
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
OPM %
42%
52%
46%
40%
30%
33%
50%
44%
55%
58%
50%
58%
Other Income
276
119
506
102
269
211
232
148
481
664
834
903
Interest
301
288
378
455
521
450
242
370
343
265
236
136
Depreciation
610
608
678
769
773
743
700
698
712
726
813
889
PBT
798
1,208
882
79
42
235
943
620
2,554
2,694
2,462
3,026
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
EPS in Rs
49.63
72.76
50.07
-13.96
-1.42
14.09
62.5
44.09
180
183
164
206
Div. Payout %
22%
19%
20%
-52%
-380%
57%
14%
22%
16%
20%
18%
11%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
9,342
CWIP
227
328
22
13
14
123
24
24
35
59
21
43
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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
-1,187
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
-102
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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
199
ROCE %
8%
11%
8%
4%
4%
4%
9%
7%
21%
19%
14%
18%

Shareholding Pattern

As of Mar 2026
Promoters 30.07%
FIIs 28.44%
Public 21.96%
DIIs 15.25%
Others 4.28%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
29.22%
29.22%
29.22%
29.22%
30.06%
30.07%
30.07%
30.07%
30.07%
30.07%
30.07%
30.07%
30.07%
30.07%
30.07%
30.07%
30.07%
30.07%
30.07%
30.07%
30.07%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
26.75%
27.41%
24.51%
24.64%
25.05%
25.45%
24.64%
24.88%
25.71%
28.44%
DIIs
25.13%
21.76%
23.95%
21.82%
20.36%
20.65%
18.42%
17.13%
17.05%
16.10%
15.36%
16.41%
16.61%
17.36%
15.69%
15.21%
14.90%
15.12%
15.84%
16.20%
15.25%
Government
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
22.82%
22.78%
23.70%
24.46%
23.89%
23.39%
22.90%
23.00%
22.49%
22.50%
22.38%
22.39%
21.80%
23.35%
24.99%
25.21%
24.90%
25.49%
24.39%
23.24%
21.96%
Others
22.82%
26.23%
23.13%
24.49%
25.68%
25.88%
28.60%
29.78%
30.38%
31.33%
32.18%
4.37%
4.10%
4.70%
4.61%
4.46%
4.68%
4.67%
4.81%
4.78%
4.28%
No. of Shareholders
0
64,255
77,742
80,465
80,763
75,777
71,251
73,126
79,041
85,121
95,757
98,047
1,00,251
1,24,075
1,93,919
1,96,156
1,99,951
2,09,359
1,96,126
1,79,908
1,56,718

Documents

1
Concall - Sep 2017 Sep 2017
2
Concall - Apr 2018 Apr 2018
3
Concall - Aug 2018 Aug 2018
4
Concall - Aug 2020 Aug 2020
5
Concall - Sep 2021 Sep 2021

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 Services sector within the Transport Services 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 ₹21740.58 Cr. Based on this, it is classified as a Large 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 7.27. 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 ₹913.1 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 2.34%. 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 21.09%. 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

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