Great Eastern Shipping Company Ltd

₹ 636 0.94%
02 Feb 12:59 p.m.
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

Shipping Business (~81% of revenues)[1]
The company is involved in the bulk shipping business i.e. transportation of crude oil, petroleum, gas and dry bulk commodities.[2]

  • Market Cap 9,075 Cr.
  • Current Price 636
  • High / Low 749 / 304
  • Stock P/E 4.66
  • Book Value 640
  • Dividend Yield 1.96 %
  • ROCE 7.46 %
  • ROE 7.50 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.99 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 31.4%

Cons

  • The company has delivered a poor sales growth of 2.40% over past five years.
  • Promoter holding is low: 30.1%
  • Tax rate seems low
  • Company has a low return on equity of 6.89% over last 3 years.

* 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
1,077 1,009 1,068 775 753 740 769 885 939 916 1,366 1,447 1,421
512 843 455 423 510 561 484 495 527 539 628 654 625
Operating Profit 565 166 614 352 243 179 285 390 412 377 738 793 796
OPM % 52% 16% 57% 45% 32% 24% 37% 44% 44% 41% 54% 55% 56%
73 41 119 137 182 113 -2 103 47 76 -15 253 101
Interest 108 99 76 80 62 79 98 85 76 111 93 88 85
Depreciation 188 169 181 174 177 168 179 184 184 151 179 181 184
Profit before tax 341 -61 476 235 186 45 5 224 200 191 450 777 629
Tax % 3% 17% 2% 4% 5% -8% -146% 0% -3% 1% -1% 1% 0%
Net Profit 331 -51 468 225 176 49 12 223 205 189 457 769 627
EPS in Rs 22.50 -3.45 31.83 15.34 12.00 3.33 0.84 15.18 13.97 13.23 32.01 53.85 43.93
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
2,452 2,955 3,007 3,092 3,438 3,808 3,117 3,038 3,547 3,687 3,337 3,509 5,151
1,574 2,007 2,042 1,660 2,005 1,823 1,686 1,838 2,480 2,470 1,683 1,969 2,446
Operating Profit 878 948 965 1,432 1,433 1,985 1,431 1,200 1,067 1,217 1,653 1,540 2,705
OPM % 36% 32% 32% 46% 42% 52% 46% 40% 30% 33% 50% 44% 53%
311 417 556 242 276 119 506 102 269 211 232 148 415
Interest 240 437 345 375 301 288 378 455 521 450 242 370 377
Depreciation 420 548 592 665 610 608 678 769 773 743 700 698 695
Profit before tax 529 379 584 633 798 1,208 882 79 42 235 943 620 2,047
Tax % 11% 15% 8% 9% 6% 9% 14% 367% 151% 12% 3% -2%
Net Profit 473 321 538 574 748 1,097 755 -210 -21 207 919 630 2,042
EPS in Rs 30.78 20.79 35.30 38.07 49.63 72.76 50.07 -13.96 -1.42 14.09 62.50 44.09 143.02
Dividend Payout % 26% 31% 21% 24% 22% 19% 20% -52% -380% 57% 14% 22%
Compounded Sales Growth
10 Years: 2%
5 Years: 2%
3 Years: 0%
TTM: 55%
Compounded Profit Growth
10 Years: 11%
5 Years: -1%
3 Years: 278%
TTM: 653%
Stock Price CAGR
10 Years: 10%
5 Years: 11%
3 Years: 28%
1 Year: 98%
Return on Equity
10 Years: 7%
5 Years: 4%
3 Years: 7%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
152 152 152 151 151 151 151 151 151 147 147 143 143
Reserves 5,878 5,844 6,189 6,622 7,280 6,413 7,073 6,777 6,659 6,649 7,557 7,909 8,991
5,956 6,407 6,739 6,119 6,540 5,759 6,816 6,213 5,999 5,295 5,047 4,655 4,234
674 1,278 1,368 1,484 1,565 1,610 1,363 1,523 1,562 1,742 1,394 1,262 1,625
Total Liabilities 12,660 13,681 14,449 14,377 15,535 13,933 15,402 14,664 14,370 13,833 14,145 13,969 14,993
7,689 8,832 9,684 9,842 10,888 8,925 10,304 9,809 9,617 9,123 9,042 8,877 8,542
CWIP 1,395 644 20 358 227 328 22 13 14 123 24 24 35
Investments 0 1,315 2,026 1,142 1,250 912 875 856 601 963 1,350 1,157 1,502
3,576 2,890 2,719 3,035 3,170 3,768 4,201 3,986 4,138 3,624 3,729 3,910 4,913
Total Assets 12,660 13,681 14,449 14,377 15,535 13,933 15,402 14,664 14,370 13,833 14,145 13,969 14,993

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1,023 745 1,256 1,358 1,445 2,151 1,522 969 1,096 1,481 1,534 1,323
-1,288 -54 -409 -348 -725 -440 -1,548 -412 429 622 -882 -337
138 -520 -442 -1,697 -228 -1,677 713 -1,158 -1,020 -1,872 -505 -1,189
Net Cash Flow -127 171 405 -688 491 34 687 -602 505 230 147 -203

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 34 41 45 32 36 30 24 30 31 34 30 33
Inventory Days
Days Payable
Cash Conversion Cycle 34 41 45 32 36 30 24 30 31 34 30 33
Working Capital Days -121 -155 -216 -239 -211 -161 -187 -143 -132 -35 1 13
ROCE % 5% 6% 6% 7% 8% 11% 8% 4% 4% 4% 9% 7%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
28.83 29.13 29.49 29.21 29.21 29.21 29.21 29.21 30.06 30.07 30.08 30.08
22.02 20.83 19.21 19.31 18.66 21.56 19.58 20.64 21.94 22.06 23.92 25.07
22.04 22.52 24.99 24.35 25.13 21.76 23.95 21.83 20.36 20.64 18.58 17.13
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
27.11 27.51 26.31 27.11 26.98 27.46 27.25 28.31 27.63 27.21 27.41 27.71

* 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

Concalls