Great Eastern Shipping Company Ltd

Great Eastern Shipping Company is engaged in the business of providing shipping services.(Source : 201903 Annual Report Page No: 94)

  • Market Cap: 3,563 Cr.
  • Current Price: 242.45
  • 52 weeks High / Low 369.40 / 162.00
  • Book Value: 462.39
  • Stock P/E: 5.22
  • Dividend Yield: 3.34 %
  • ROCE: 4.41 %
  • ROE: 1.27 %
  • Sales Growth (3Yrs): 5.76 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 0.52 times its book value
Cons:
The company has delivered a poor growth of 1.41% over past five years.
Promoter holding is low: 29.13%
Tax rate seems low
Company has a low return on equity of 0.29% for last 3 years.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Shipping // Industry: Shipping

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
702 829 769 821 799 971 974 783 818 1,077 1,009 1,068
410 501 764 492 566 362 560 512 578 533 843 458
Operating Profit 292 328 5 329 233 610 414 271 240 544 166 610
OPM % 42% 40% 1% 40% 29% 63% 43% 35% 29% 51% 16% 57%
Other Income 113 87 49 -245 -117 65 47 -10 82 93 42 128
Interest 145 85 123 129 136 135 122 105 138 108 99 81
Depreciation 190 204 189 191 194 197 190 192 193 188 169 181
Profit before tax 70 125 -258 -235 -214 342 149 -36 -10 341 -61 476
Tax % 90% 22% -62% -4% -4% 13% 0% -52% -93% 3% 17% 2%
Net Profit 7 98 -419 -245 -223 299 148 -54 -19 331 -51 468
EPS in Rs 0.45 6.51 -27.80 -16.25 -14.82 19.81 9.85 -3.58 -1.27 22.44 -3.45 31.83
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
3,801 2,891 2,452 2,955 3,007 3,092 3,438 3,808 3,117 3,038 3,547 3,687 3,973
2,321 2,126 1,574 1,869 1,879 1,660 2,005 1,823 1,686 1,838 2,494 2,520 2,412
Operating Profit 1,480 765 878 1,086 1,128 1,432 1,433 1,985 1,431 1,200 1,053 1,166 1,561
OPM % 39% 26% 36% 37% 38% 46% 42% 52% 46% 40% 30% 32% 39%
Other Income 552 430 311 279 394 242 276 119 506 102 283 262 345
Interest 185 212 240 437 345 375 301 288 378 455 521 450 427
Depreciation 384 425 420 548 592 665 610 608 678 769 773 743 732
Profit before tax 1,463 558 529 379 584 633 798 1,208 882 79 42 235 747
Tax % 3% 8% 11% 15% 8% 9% 6% 9% 14% 367% 151% 12%
Net Profit 1,418 513 469 317 538 574 748 1,097 755 -210 -21 207 729
EPS in Rs 91.74 32.34 29.39 19.34 33.96 36.86 47.32 72.75 49.65 0.00 0.00 14.09 49.55
Dividend Payout % 9% 24% 26% 31% 21% 24% 22% 19% 20% -52% -380% 57%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:2.46%
5 Years:1.41%
3 Years:5.76%
TTM:12.61%
Compounded Profit Growth
10 Years:-12.03%
5 Years:-33.79%
3 Years:-48.08%
TTM:129.21%
Stock Price CAGR
10 Years:-2.55%
5 Years:-7.60%
3 Years:-13.56%
1 Year:-14.43%
Return on Equity
10 Years:5.74%
5 Years:4.85%
3 Years:0.29%
Last Year:1.27%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
152 152 152 152 152 151 151 151 151 151 151 147
Reserves 5,068 5,549 5,878 5,844 6,189 6,622 7,280 6,413 7,073 6,777 6,659 6,649
Borrowings 4,266 5,370 5,956 6,407 6,739 6,119 6,540 5,759 6,816 6,213 5,999 5,277
1,110 796 674 1,278 1,368 1,484 1,565 1,610 1,363 1,523 1,562 1,760
Total Liabilities 10,596 11,868 12,660 13,681 14,449 14,377 15,535 13,933 15,402 14,664 14,370 13,833
5,662 6,402 7,689 8,832 9,684 9,842 10,888 8,925 10,304 9,809 9,617 9,123
CWIP 1,918 1,101 1,395 644 20 358 227 328 22 13 14 123
Investments 302 2,179 0 1,315 2,026 1,142 1,250 912 875 856 601 963
2,713 2,185 3,576 2,890 2,719 3,035 3,170 3,768 4,201 3,986 4,138 3,624
Total Assets 10,596 11,868 12,660 13,681 14,449 14,377 15,535 13,933 15,402 14,664 14,370 13,833

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2,042 1,025 1,023 745 1,256 1,358 1,445 2,151 1,522 969 1,096 1,481
-1,654 -738 -1,288 -54 -409 -348 -725 -440 -1,548 -412 429 622
511 1,298 138 -520 -442 -1,697 -228 -1,677 713 -1,158 -1,020 -1,872
Net Cash Flow 900 1,585 -127 171 405 -688 491 34 687 -602 505 230

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 17% 5% 5% 6% 6% 7% 8% 11% 8% 4% 4% 4%
Debtor Days 22 28 34 41 45 32 36 30 24 30 31 34
Inventory Turnover 8.51 4.50 3.25 3.84 3.50 2.90 3.62 2.27 1.49 2.16 3.01 2.76

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
30.25 29.68 29.66 29.66 29.66 29.66 29.66 29.66 30.07 28.43 28.83 29.13
22.86 23.29 21.77 21.62 21.21 19.23 19.19 20.50 20.35 22.77 22.02 20.83
20.22 20.44 22.27 22.28 22.98 24.85 25.06 23.60 23.95 21.63 22.04 22.52
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
26.66 26.58 26.29 26.44 26.14 26.25 26.08 26.23 25.62 27.16 27.11 27.51