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

₹ 1,648 -1.16%
25 May 4:01 p.m.
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

Business Segments
The company is the Largest Shipping & Oilfield Services Provider in India. [1]

Website BSE NSE
  • Market Cap ₹ 23,510 Cr.
  • Current Price ₹ 1,648
  • High / Low ₹ 1,798 / 913
  • Stock P/E 9.97
  • Book Value ₹ 976
  • Dividend Yield 2.13 %
  • ROCE 17.8 %
  • ROE 18.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 20.2%

Cons

  • The company has delivered a poor sales growth of 6.47% over past five years.
  • Tax rate seems low
  • Working capital days have increased from 66.0 days to 256 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 Nifty Smallcap 100 BSE India Infrastructure Index BSE SmallCap Select Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,213 1,041 972 996 1,155 1,153 1,011 878 787 803 853 963 1,041
460 363 459 424 428 448 483 352 473 344 289 348 314
Operating Profit 753 678 514 572 727 705 528 527 314 459 564 615 727
OPM % 62% 65% 53% 57% 63% 61% 52% 60% 40% 57% 66% 64% 70%
55 68 209 114 168 157 242 348 136 114 97 259 291
Interest 57 49 53 50 45 44 44 44 35 31 27 25 22
Depreciation 104 113 119 125 98 127 133 133 134 125 149 171 149
Profit before tax 646 583 551 511 752 691 592 698 281 417 484 678 846
Tax % 2% 3% 3% 4% 3% 3% 5% 3% 10% 7% 5% 4% -1%
632 566 536 488 727 668 565 679 254 388 460 654 855
EPS in Rs 44.29 39.67 37.51 34.17 50.90 46.81 39.57 47.53 17.82 27.21 32.19 45.78 59.88
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,734 1,972 1,704 2,061 2,651 2,871 2,674 2,832 4,835 4,165 3,830 3,659
1,170 1,002 963 1,206 2,035 1,977 1,161 1,424 1,998 1,674 1,756 1,295
Operating Profit 564 970 741 855 616 894 1,513 1,408 2,837 2,491 2,073 2,364
OPM % 33% 49% 44% 41% 23% 31% 57% 50% 59% 60% 54% 65%
276 138 521 132 248 220 219 134 261 559 884 761
Interest 189 183 247 328 362 318 227 276 259 198 168 105
Depreciation 319 288 374 491 509 477 439 436 450 455 527 594
Profit before tax 333 637 641 167 -6 320 1,066 831 2,389 2,397 2,262 2,426
Tax % 5% 3% 6% 4% 201% 12% 3% 2% 2% 3% 4% 3%
317 618 601 160 -19 281 1,030 812 2,352 2,316 2,166 2,356
EPS in Rs 21.04 41.01 39.89 10.62 -1.29 19.10 70.09 56.83 164.74 162.25 151.73 165.06
Dividend Payout % 52% 33% 25% 68% -418% 42% 13% 17% 17% 27% 20% 14%
Compounded Sales Growth
10 Years: 6%
5 Years: 6%
3 Years: -9%
TTM: -4%
Compounded Profit Growth
10 Years: 16%
5 Years: 20%
3 Years: 2%
TTM: 39%
Stock Price CAGR
10 Years: 18%
5 Years: 32%
3 Years: 35%
1 Year: 80%
Return on Equity
10 Years: 15%
5 Years: 19%
3 Years: 18%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 4,780 4,469 5,011 5,075 4,915 4,920 5,951 6,429 8,377 10,204 11,850 13,787
3,069 2,878 4,432 4,223 4,104 3,602 3,721 3,434 2,536 2,230 1,499 1,050
1,336 1,357 1,154 1,090 1,171 1,337 1,025 963 970 1,036 877 985
Total Liabilities 9,336 8,855 10,748 10,538 10,341 10,006 10,845 10,969 12,026 13,612 14,368 15,965
4,258 3,666 5,594 5,542 5,536 5,196 5,369 5,427 5,149 5,211 5,263 6,488
CWIP 226 328 22 8 13 109 24 24 27 38 15 40
Investments 2,815 2,564 2,543 2,436 2,156 2,557 2,977 2,706 2,958 3,316 3,734 3,827
2,037 2,297 2,588 2,551 2,636 2,144 2,475 2,812 3,893 5,047 5,356 5,609
Total Assets 9,336 8,855 10,748 10,538 10,341 10,006 10,845 10,969 12,026 13,612 14,368 15,965

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
530 1,057 719 524 674 1,142 1,344 1,153 2,699 2,372 2,209
498 -324 -1,545 -316 504 696 -977 -521 125 -887 -70
-650 -804 1,284 -638 -701 -1,411 -102 -983 -1,623 -973 -1,442
Net Cash Flow 378 -70 458 -429 476 428 265 -351 1,201 512 696
Free Cash Flow 374 449 802 115 103 1,110 882 785 2,596 2,024 2,153
CFO/OP 99% 112% 101% 65% 114% 132% 88% 83% 96% 98% 110%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 28 17 10 28 28 32 21 27 34 38 23 31
Inventory Days
Days Payable
Cash Conversion Cycle 28 17 10 28 28 32 21 27 34 38 23 31
Working Capital Days -322 -247 -323 -130 -142 -27 -76 -56 -12 -25 -33 256
ROCE % 6% 10% 9% 5% 3% 6% 13% 11% 24% 20% 15% 18%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Dec 2025
Shipping Fleet Capacity
million DWT

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Number of Vessels (Shipping)
Number
Average Age of Shipping Fleet
Years
Offshore Fleet - Jack Up Rigs
Number
Average Market Spot Earnings - VLGC (LPG)
USD/day
Global Jack-up Rig Marketed Utilization
%
Offshore Fleet - PSV / ROV / AHTS Support Vessels
Number
Average Market Spot Earnings - Suezmax (Crude)
USD/day
Offshore Vessel Marketed Utilization
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
30.08% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08%
26.18% 27.30% 26.75% 27.41% 24.51% 24.64% 25.04% 25.44% 24.64% 24.88% 25.70% 28.44%
16.66% 15.91% 16.39% 16.60% 17.36% 15.68% 15.21% 14.90% 15.11% 15.84% 16.20% 15.25%
27.08% 26.72% 26.76% 25.91% 28.05% 29.59% 29.65% 29.57% 30.16% 29.20% 28.01% 26.25%
No. of Shareholders 85,12195,75798,0471,00,2511,24,0751,93,9191,96,1561,99,9512,09,3591,96,1261,79,9081,56,718

* 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.

Click on the line-items to see the names of individual entities.

Documents

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Credit ratings

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