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

₹ 1,009 -1.33%
19 Apr - 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

Business Segment
Shipping Business: The shipping business is involved in the transportation of crude oil, petroleum products, gas, and dry bulk commodities.
Offshore Business: The company is involved in the offshore services business through its wholly-owned subsidiary Greatship India Ltd. It provides offshore oilfield services with the principal activity of owning and/or operating offshore supply vessels and mobile offshore drilling rigs.[1]

Website BSE NSE
  • Market Cap ₹ 14,409 Cr.
  • Current Price ₹ 1,009
  • High / Low ₹ 1,072 / 630
  • Stock P/E 6.49
  • Book Value ₹ 653
  • Dividend Yield 2.85 %
  • ROCE 24.0 %
  • ROE 29.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 80.5% CAGR over last 5 years

Cons

  • Tax rate seems low

* 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

Sector: Shipping Industry: Shipping

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
592 577 627 723 759 723 1,163 1,245 1,213 1,213 1,041 972 996
302 313 387 327 343 382 549 524 465 460 363 459 424
Operating Profit 290 264 240 396 416 341 614 722 748 753 678 514 572
OPM % 49% 46% 38% 55% 55% 47% 53% 58% 62% 62% 65% 53% 57%
95 49 52 65 15 17 2 157 48 55 68 209 114
Interest 59 63 74 62 60 81 71 67 64 57 49 53 50
Depreciation 111 103 115 118 117 86 114 115 117 104 113 119 125
Profit before tax 215 148 103 282 254 192 430 697 615 646 583 551 511
Tax % 5% 2% 4% 3% 0% 3% 0% 1% 2% 2% 3% 3% 4%
204 144 99 273 253 186 428 688 604 632 566 536 488
EPS in Rs 13.91 9.83 6.75 18.59 17.20 13.05 30.00 48.17 42.28 44.29 39.67 37.51 34.17
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,710 1,735 1,493 1,734 1,972 1,704 2,061 2,651 2,871 2,674 2,832 4,835 4,223
1,231 1,304 999 1,170 1,002 963 1,206 2,035 1,977 1,161 1,424 1,998 1,706
Operating Profit 479 431 493 564 970 741 855 616 894 1,513 1,408 2,837 2,517
OPM % 28% 25% 33% 33% 49% 44% 41% 23% 31% 57% 50% 59% 60%
323 299 288 276 138 521 132 248 220 219 134 261 445
Interest 280 209 213 189 183 247 328 362 318 227 276 259 210
Depreciation 357 363 359 319 288 374 491 509 477 439 436 450 461
Profit before tax 165 157 209 333 637 641 167 -6 320 1,066 831 2,389 2,291
Tax % 13% 7% 2% 5% 3% 6% 4% -201% 12% 3% 2% 2%
143 146 205 317 618 601 160 -19 281 1,030 812 2,352 2,222
EPS in Rs 9.41 9.60 13.58 21.04 41.01 39.89 10.62 -1.29 19.10 70.09 56.83 164.74 155.64
Dividend Payout % 69% 78% 66% 52% 33% 25% 68% -418% 42% 13% 17% 17%
Compounded Sales Growth
10 Years: 11%
5 Years: 19%
3 Years: 19%
TTM: -3%
Compounded Profit Growth
10 Years: 50%
5 Years: 80%
3 Years: 134%
TTM: 24%
Stock Price CAGR
10 Years: 11%
5 Years: 28%
3 Years: 52%
1 Year: 56%
Return on Equity
10 Years: 10%
5 Years: 14%
3 Years: 20%
Last Year: 30%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 152 152 151 151 151 151 151 151 147 147 143 143 143
Reserves 4,978 4,848 4,656 4,780 4,469 5,011 5,075 4,915 4,920 5,951 6,429 8,377 9,174
3,874 3,626 3,312 3,069 2,878 4,432 4,223 4,104 3,602 3,721 3,434 2,536 2,509
920 1,119 1,271 1,336 1,357 1,154 1,090 1,171 1,337 1,025 963 970 1,022
Total Liabilities 9,925 9,745 9,390 9,336 8,855 10,748 10,538 10,341 10,006 10,845 10,969 12,026 12,849
4,737 4,489 4,442 4,258 3,666 5,594 5,542 5,536 5,196 5,369 5,427 5,149 4,947
CWIP 231 20 141 226 328 22 8 13 109 24 24 27 18
Investments 2,964 3,692 2,791 2,815 2,564 2,543 2,436 2,156 2,557 2,977 2,706 2,958 3,032
1,994 1,545 2,016 2,037 2,297 2,588 2,551 2,636 2,144 2,475 2,812 3,893 4,852
Total Assets 9,925 9,745 9,390 9,336 8,855 10,748 10,538 10,341 10,006 10,845 10,969 12,026 12,849

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
120 501 429 530 1,057 719 524 674 1,142 1,344 1,153 2,699
90 394 -131 498 -324 -1,545 -316 504 696 -977 -521 125
-254 -710 -909 -650 -804 1,284 -638 -701 -1,411 -102 -983 -1,623
Net Cash Flow -44 184 -610 378 -70 458 -429 476 428 265 -351 1,201

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 18 24 10 28 17 10 28 28 32 21 27 34
Inventory Days
Days Payable
Cash Conversion Cycle 18 24 10 28 17 10 28 28 32 21 27 34
Working Capital Days -204 -272 -373 -322 -247 -286 -100 -142 -27 -11 3 12
ROCE % 3% 3% 4% 6% 10% 9% 5% 3% 6% 13% 11% 24%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
29.21% 29.21% 29.21% 30.06% 30.07% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08%
21.56% 19.58% 20.64% 21.94% 22.06% 23.92% 25.07% 25.94% 26.18% 27.30% 26.75% 27.41%
21.76% 23.95% 21.83% 20.36% 20.64% 18.58% 17.13% 17.04% 16.66% 15.91% 16.39% 16.60%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00%
27.46% 27.25% 28.31% 27.63% 27.21% 27.41% 27.71% 26.93% 27.08% 26.72% 26.76% 25.91%
No. of Shareholders 77,74280,46580,76375,42871,25173,12679,34279,04185,12195,75798,0471,00,251

* 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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