Great Eastern Shipping Company Ltd

GE Shipping Co Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Great Eastern Shipping Company Ltd

₹ 931 -0.65%
30 May - close price
greatship.com BSE: 500620 NSE: GESHIP
About

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

Key Points

Overview[1]
GE Shipping was founded in 1948 with the purchase of a Liberty ship. As of FY24, GES is India’s largest private sector shipping company, owning and operating 43 ships and 23 offshore assets.

Website BSE NSE
  • Market Cap ₹ 13,289 Cr.
  • Current Price ₹ 931
  • High / Low ₹ 1,544 / 797
  • Stock P/E 6.13
  • Book Value ₹ 840
  • Dividend Yield 3.19 %
  • ROCE 18.6 %
  • ROE 19.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 1.11 times its book value
  • Stock is providing a good dividend yield of 3.19%.
  • Company has delivered good profit growth of 65.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.8%
  • Debtor days have improved from 31.6 to 22.8 days.

Cons

  • The company has delivered a poor sales growth of 5.93% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.884 Cr.
  • Working capital days have increased from 79.4 days to 211 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Services Services Transport Services Shipping

Part of BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE India Infrastructure Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
723 1,163 1,245 1,213 1,213 1,041 972 996 1,155 1,153 1,011 878 787
382 549 524 465 460 363 459 424 428 448 483 352 473
Operating Profit 341 614 722 748 753 678 514 572 727 705 528 527 314
OPM % 47% 53% 58% 62% 62% 65% 53% 57% 63% 61% 52% 60% 40%
17 2 157 48 55 68 209 114 168 157 242 348 136
Interest 81 71 67 64 57 49 53 50 45 44 44 44 35
Depreciation 86 114 115 117 104 113 119 125 98 127 133 133 134
Profit before tax 192 430 697 615 646 583 551 511 752 691 592 698 281
Tax % 3% 0% 1% 2% 2% 3% 3% 4% 3% 3% 5% 3% 10%
186 428 688 604 632 566 536 488 727 668 565 679 254
EPS in Rs 13.05 30.00 48.17 42.28 44.29 39.67 37.51 34.17 50.90 46.81 39.57 47.53 17.82
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,493 1,734 1,972 1,704 2,061 2,651 2,871 2,674 2,832 4,835 4,165 3,830
999 1,170 1,002 963 1,206 2,035 1,977 1,161 1,424 1,998 1,674 1,756
Operating Profit 493 564 970 741 855 616 894 1,513 1,408 2,837 2,491 2,073
OPM % 33% 33% 49% 44% 41% 23% 31% 57% 50% 59% 60% 54%
288 276 138 521 132 248 220 219 134 261 559 884
Interest 213 189 183 247 328 362 318 227 276 259 198 168
Depreciation 359 319 288 374 491 509 477 439 436 450 455 527
Profit before tax 209 333 637 641 167 -6 320 1,066 831 2,389 2,397 2,262
Tax % 2% 5% 3% 6% 4% 201% 12% 3% 2% 2% 3% 4%
205 317 618 601 160 -19 281 1,030 812 2,352 2,316 2,166
EPS in Rs 13.58 21.04 41.01 39.89 10.62 -1.29 19.10 70.09 56.83 164.74 162.25 151.73
Dividend Payout % 66% 52% 33% 25% 68% -418% 42% 13% 17% 17% 22% 20%
Compounded Sales Growth
10 Years: 8%
5 Years: 6%
3 Years: 11%
TTM: -8%
Compounded Profit Growth
10 Years: 24%
5 Years: 65%
3 Years: 41%
TTM: 4%
Stock Price CAGR
10 Years: 11%
5 Years: 36%
3 Years: 34%
1 Year: -14%
Return on Equity
10 Years: 14%
5 Years: 20%
3 Years: 23%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 151 151 151 151 151 151 147 147 143 143 143 143
Reserves 4,656 4,780 4,469 5,011 5,075 4,915 4,920 5,951 6,429 8,377 10,204 11,850
3,312 3,069 2,878 4,432 4,223 4,104 3,602 3,721 3,434 2,536 2,230 1,499
1,271 1,336 1,357 1,154 1,090 1,171 1,337 1,025 963 970 1,036 877
Total Liabilities 9,390 9,336 8,855 10,748 10,538 10,341 10,006 10,845 10,969 12,026 13,612 14,368
4,442 4,258 3,666 5,594 5,542 5,536 5,196 5,369 5,427 5,149 5,211 5,266
CWIP 141 226 328 22 8 13 109 24 24 27 38 12
Investments 2,791 2,815 2,564 2,543 2,436 2,156 2,557 2,977 2,706 2,958 3,316 3,734
2,016 2,037 2,297 2,588 2,551 2,636 2,144 2,475 2,812 3,893 5,047 5,356
Total Assets 9,390 9,336 8,855 10,748 10,538 10,341 10,006 10,845 10,969 12,026 13,612 14,368

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
429 530 1,057 719 524 674 1,142 1,344 1,153 2,699 2,372 2,209
-131 498 -324 -1,545 -316 504 696 -977 -521 125 -887 -111
-909 -650 -804 1,284 -638 -701 -1,411 -102 -983 -1,623 -973 -1,442
Net Cash Flow -610 378 -70 458 -429 476 428 265 -351 1,201 512 656

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 10 28 17 10 28 28 32 21 27 34 38 23
Inventory Days
Days Payable
Cash Conversion Cycle 10 28 17 10 28 28 32 21 27 34 38 23
Working Capital Days -373 -322 -247 -286 -100 -142 -27 -11 3 12 16 211
ROCE % 4% 6% 10% 9% 5% 3% 6% 13% 11% 24% 20% 19%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
30.07% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08%
22.06% 23.92% 25.07% 25.94% 26.18% 27.30% 26.75% 27.41% 24.51% 24.64% 25.04% 25.44%
20.64% 18.58% 17.13% 17.04% 16.66% 15.91% 16.39% 16.60% 17.36% 15.68% 15.21% 14.90%
0.01% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
27.21% 27.41% 27.71% 26.93% 27.08% 26.72% 26.76% 25.91% 28.05% 29.59% 29.65% 29.57%
No. of Shareholders 71,25173,12679,34279,04185,12195,75798,0471,00,2511,24,0751,93,9191,96,1561,99,951

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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