Great Eastern Shipping Company Ltd logo

Great Eastern Shipping Company Ltd

GESHIP NSE

Key Fundamentals

SmallcapShippingTransport Services
Market Cap
₹19,117 Cr
Volatility
Moderate
P/E Ratio
5.11
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
₹914.7

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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44 extracted metrics + investor summaries across FY00–FY26.

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Technical Indicators

Key Insights

Strengths

5
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.13 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 anthropic claude-opus-4.6 15h ago
AI opinion · based on fundamentals
Risk medium

Great Eastern Shipping Company trades at a PE of 5.2x and 1.14x book value with a market cap of ₹19,117 Cr. The company is virtually debt-free and delivered 126% TTM profit growth, though its 5-year sales CAGR of 10% remains modest for the sector.

Bull Case 8
  • Near debt-free balance sheet significantly reduces financial risk and interest burden in a capital-intensive shipping industry
  • PE ratio of 5.2x is deeply discounted relative to broader market averages, suggesting earnings are not fully priced in
  • 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 despite cyclical headwinds
  • Stock CAGR of 43% over 1 year and 33% over 5 years reflects strong shareholder wealth creation
  • Trading at 1.14x book value offers margin of safety given the tangible asset-heavy nature of shipping operations
  • Healthy dividend payout of 18.3% provides income support to shareholders during cyclical downturns
  • 5-year compounded profit growth of 24% significantly outpaces sales growth of 10%, indicating improving operating leverage and cost discipline
Bear Case 8
  • 5-year compounded sales growth of only 10% and 3-year sales CAGR of -2% indicate revenue stagnation and dependence on freight rate cycles
  • Shipping is inherently cyclical — the 126% TTM profit surge may not be sustainable if global freight rates normalize
  • 10-year sales CAGR of just 4% shows the company has struggled to grow its topline structurally over a full cycle
  • 3-year compounded profit growth of 0% highlights that current earnings spike is recent and not part of a sustained trend
  • Dividend yield of 1.08% is relatively low despite the company being cash-rich and nearly debt-free, suggesting limited shareholder return policy
  • Low effective tax rate raises questions about sustainability of reported earnings if tax benefits expire or normalize
  • 10-year ROE average of 12% is below the recent 16-17%, suggesting current profitability may revert to lower mean levels over a full cycle
  • 52-week high and low data unavailable, limiting visibility on recent price volatility and technical positioning

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

AI News Digest

Anthropic anthropic claude-opus-4.6 1d 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

    Contracted to buy a secondhand 81,886 dwt Kamsarmax carrier (built 2015) for delivery in Q3 FY27, funded entirely through internal accruals. Fleet operates at close to 100% capacity utilization.

Neutral 5
  • Q1FY27 earnings call hosted Aug 4

    Audio recording of earnings call held on August 4, 2026 uploaded per SEBI Regulation 30 disclosures. CFO G. Shivakumar led the discussion.

  • 78th AGM held successfully Aug 4

    Shareholders approved FY26 financials and re-appointed G. Shivakumar as director at the 78th AGM on August 4, 2026.

  • Investor meet on Aug 7 Aug 3

    Investor and analyst meet scheduled for August 7, 2026 in Mumbai to discuss company performance and outlook.

  • LR2 tanker Jag Lokesh delivered Jul 21

    Delivered 2009-built LR2 Product Tanker Jag Lokesh to buyers on July 21, 2026. Fleet now at 40 vessels aggregating 3.24 mn dwt.

  • BRSR FY26 report released Jul 9

    Published Business Responsibility and Sustainability Report for FY 2025-26 with ESG metrics verified by DNV.

TL;DR: Great Eastern Shipping delivered a strong Q1FY27 with net profit surging 159% YoY to ₹1,308.84 crore, supported by near-full fleet utilization. The company is reinvesting in fleet renewal via internal accruals, signaling balance sheet strength. No material headwinds are visible in recent news flow. The trend is positive with earnings momentum and disciplined capital allocation, though shipping cycle sensitivity remains an inherent risk.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
—
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
9,339
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
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
-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
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
33
ROCE %
8%
11%
8%
4%
4%
4%
9%
7%
21%
19%
14%
16%

Shareholding Pattern

As of Jun 2026
FIIs 31.03%
Promoters 30.07%
Public 21.73%
DIIs 12.81%
Others 4.35%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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%
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%
31.03%
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%
12.81%
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%
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%
21.73%
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%
4.35%
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
1,68,304

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 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 ₹19116.52 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 5.11. 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 ₹914.7 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 1.08%. 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

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