Great Eastern Shipping Company Ltd
Great Eastern Shipping Company Ltd, along with its subsidiaries is a major player in the Indian shipping and Oil drilling services industry.[1]
- Market Cap ₹ 13,445 Cr.
- Current Price ₹ 940
- High / Low ₹ 1,420 / 797
- Stock P/E 8.11
- Book Value ₹ 999
- Dividend Yield 3.16 %
- ROCE 13.9 %
- ROE 14.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.94 times its book value
- Stock is providing a good dividend yield of 3.16%.
- Company has delivered good profit growth of 85.1% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 18.0%
Cons
- The company has delivered a poor sales growth of 7.62% over past five years.
- Tax rate seems low
- Earnings include an other income of Rs.775 Cr.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,092 | 3,438 | 3,808 | 3,117 | 3,038 | 3,547 | 3,687 | 3,337 | 3,509 | 5,690 | 5,255 | 5,323 | 5,016 | |
1,660 | 2,005 | 1,823 | 1,686 | 1,838 | 2,480 | 2,470 | 1,683 | 1,969 | 2,563 | 2,234 | 2,646 | 2,607 | |
Operating Profit | 1,432 | 1,433 | 1,985 | 1,431 | 1,200 | 1,067 | 1,217 | 1,653 | 1,540 | 3,128 | 3,022 | 2,677 | 2,409 |
OPM % | 46% | 42% | 52% | 46% | 40% | 30% | 33% | 50% | 44% | 55% | 58% | 50% | 48% |
242 | 276 | 119 | 506 | 102 | 269 | 211 | 232 | 148 | 481 | 664 | 834 | 775 | |
Interest | 375 | 301 | 288 | 378 | 455 | 521 | 450 | 242 | 370 | 343 | 265 | 236 | 221 |
Depreciation | 665 | 610 | 608 | 678 | 769 | 773 | 743 | 700 | 698 | 712 | 726 | 813 | 814 |
Profit before tax | 633 | 798 | 1,208 | 882 | 79 | 42 | 235 | 943 | 620 | 2,554 | 2,694 | 2,462 | 2,150 |
Tax % | 9% | 6% | 9% | 14% | 367% | 151% | 12% | 3% | -2% | -1% | 3% | 5% | |
574 | 748 | 1,097 | 755 | -210 | -21 | 207 | 919 | 630 | 2,575 | 2,614 | 2,344 | 2,037 | |
EPS in Rs | 38.07 | 49.63 | 72.76 | 50.07 | -13.96 | -1.42 | 14.09 | 62.50 | 44.09 | 180.36 | 183.11 | 164.20 | 142.67 |
Dividend Payout % | 24% | 22% | 19% | 20% | -52% | -380% | 57% | 14% | 22% | 16% | 20% | 18% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 8% |
3 Years: | 15% |
TTM: | -8% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 85% |
3 Years: | 47% |
TTM: | -35% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 33% |
3 Years: | 23% |
1 Year: | -32% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 17% |
3 Years: | 20% |
Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 6,622 | 7,280 | 6,413 | 7,073 | 6,777 | 6,659 | 6,649 | 7,557 | 7,909 | 10,133 | 12,255 | 14,116 |
6,119 | 6,540 | 5,759 | 6,816 | 6,213 | 5,999 | 5,295 | 5,047 | 4,655 | 3,649 | 3,048 | 2,163 | |
1,484 | 1,565 | 1,610 | 1,363 | 1,523 | 1,562 | 1,742 | 1,394 | 1,262 | 1,284 | 1,362 | 1,233 | |
Total Liabilities | 14,377 | 15,535 | 13,933 | 15,402 | 14,664 | 14,370 | 13,833 | 14,145 | 13,969 | 15,209 | 16,808 | 17,656 |
9,842 | 10,888 | 8,925 | 10,304 | 9,809 | 9,617 | 9,123 | 9,042 | 8,877 | 8,450 | 8,329 | 8,247 | |
CWIP | 358 | 227 | 328 | 22 | 13 | 14 | 123 | 24 | 24 | 35 | 59 | 21 |
Investments | 1,142 | 1,250 | 912 | 875 | 856 | 601 | 963 | 1,350 | 1,157 | 1,510 | 1,970 | 2,289 |
3,035 | 3,170 | 3,768 | 4,201 | 3,986 | 4,138 | 3,624 | 3,729 | 3,910 | 5,215 | 6,450 | 7,099 | |
Total Assets | 14,377 | 15,535 | 13,933 | 15,402 | 14,664 | 14,370 | 13,833 | 14,145 | 13,969 | 15,209 | 16,808 | 17,656 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,358 | 1,445 | 2,151 | 1,522 | 969 | 1,096 | 1,481 | 1,534 | 1,323 | 2,975 | 2,808 | 2,647 | |
-348 | -725 | -440 | -1,548 | -412 | 429 | 622 | -882 | -337 | 39 | -868 | -148 | |
-1,697 | -228 | -1,677 | 713 | -1,158 | -1,020 | -1,872 | -505 | -1,189 | -1,893 | -1,330 | -1,675 | |
Net Cash Flow | -688 | 491 | 34 | 687 | -602 | 505 | 230 | 147 | -203 | 1,120 | 610 | 824 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 32 | 36 | 30 | 24 | 30 | 31 | 34 | 30 | 33 | 37 | 45 | 33 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 32 | 36 | 30 | 24 | 30 | 31 | 34 | 30 | 33 | 37 | 45 | 33 |
Working Capital Days | -239 | -211 | -161 | -207 | -163 | -132 | -36 | -67 | -55 | -16 | -16 | -21 |
ROCE % | 7% | 8% | 11% | 8% | 4% | 4% | 4% | 9% | 7% | 21% | 19% | 14% |
Documents
Announcements
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Communication With Regards To Tax Deduction At Source (TDS) On Dividend.
1h - Interim dividend Rs.7.20/share declared; detailed TDS and tax exemption instructions for shareholders.
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Announcement under Regulation 30 (LODR)-Investor Presentation
2h - Investor presentation pertaining to the Unaudited Financial Results for the quarter ended June 30, 2025
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Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015
2h - Approved Rs. 425 Cr loan to subsidiary for ECB prepayment; declared Rs. 7.20 interim dividend; Q1 results approved.
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Announcement under Regulation 30 (LODR)-Date of payment of Dividend
2h - Approved Rs. 425 Cr loan to subsidiary for ECB prepayment; declared Rs. 7.20 interim dividend; Q1 results approved.
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Announcement under Regulation 30 (LODR)-Dividend Updates
2h - Interim dividend Rs.7.20/share declared; Rs.425 Cr loan approved to subsidiary for ECB prepayment.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Jul 2025TranscriptNotesPPT
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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.