Great Eastern Shipping Company Ltd

Great Eastern Shipping Company Ltd

₹ 1,001 0.43%
28 Mar - close price
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]

  • Market Cap 14,295 Cr.
  • Current Price 1,001
  • High / Low 1,052 / 624
  • Stock P/E 5.88
  • Book Value 781
  • Dividend Yield 2.88 %
  • ROCE 20.9 %
  • ROE 26.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 134% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 17.6%

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

Consolidated Figures in Rs. Crores / View Standalone

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
753 740 769 885 939 916 1,366 1,447 1,421 1,456 1,284 1,229 1,245
510 561 484 495 527 530 628 654 625 609 492 586 595
Operating Profit 243 179 285 390 412 386 738 793 796 847 792 643 650
OPM % 32% 24% 37% 44% 44% 42% 54% 55% 56% 58% 62% 52% 52%
182 113 -2 103 47 67 -15 253 101 95 51 232 151
Interest 62 79 98 85 76 111 93 88 85 77 62 77 67
Depreciation 177 168 179 184 184 151 179 181 184 167 180 187 194
Profit before tax 186 45 5 224 200 191 450 777 629 698 601 612 540
Tax % 5% -8% -146% 0% -3% 1% -1% 1% 0% -4% 4% 3% 0%
176 49 12 223 205 189 457 769 627 722 576 595 538
EPS in Rs 12.00 3.33 0.84 15.18 13.97 13.23 32.01 53.85 43.93 50.57 40.36 41.65 37.70
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
2,955 3,007 3,092 3,438 3,808 3,117 3,038 3,547 3,687 3,337 3,509 5,690 5,214
2,007 2,042 1,660 2,005 1,823 1,686 1,838 2,480 2,470 1,683 1,969 2,563 2,282
Operating Profit 948 965 1,432 1,433 1,985 1,431 1,200 1,067 1,217 1,653 1,540 3,128 2,932
OPM % 32% 32% 46% 42% 52% 46% 40% 30% 33% 50% 44% 55% 56%
417 556 242 276 119 506 102 269 211 232 148 481 529
Interest 437 345 375 301 288 378 455 521 450 242 370 343 283
Depreciation 548 592 665 610 608 678 769 773 743 700 698 712 728
Profit before tax 379 584 633 798 1,208 882 79 42 235 943 620 2,554 2,450
Tax % 15% 8% 9% 6% 9% 14% 367% 151% 12% 3% -2% -1%
321 538 574 748 1,097 755 -210 -21 207 919 630 2,575 2,431
EPS in Rs 20.79 35.30 38.07 49.63 72.76 50.07 -13.96 -1.42 14.09 62.50 44.09 180.36 170.28
Dividend Payout % 31% 21% 24% 22% 19% 20% -52% -380% 57% 14% 22% 16%
Compounded Sales Growth
10 Years: 7%
5 Years: 13%
3 Years: 16%
TTM: 1%
Compounded Profit Growth
10 Years: 20%
5 Years: 134%
3 Years: 205%
TTM: 24%
Stock Price CAGR
10 Years: 11%
5 Years: 29%
3 Years: 47%
1 Year: 54%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 16%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 5,844 6,189 6,622 7,280 6,413 7,073 6,777 6,659 6,649 7,557 7,909 10,133 11,006
6,407 6,739 6,119 6,540 5,759 6,816 6,213 5,999 5,295 5,047 4,655 3,649 3,496
1,278 1,368 1,484 1,565 1,610 1,363 1,523 1,562 1,742 1,394 1,262 1,284 1,346
Total Liabilities 13,681 14,449 14,377 15,535 13,933 15,402 14,664 14,370 13,833 14,145 13,969 15,209 15,990
8,832 9,684 9,842 10,888 8,925 10,304 9,809 9,617 9,123 9,042 8,877 8,450 8,162
CWIP 644 20 358 227 328 22 13 14 123 24 24 35 18
Investments 1,315 2,026 1,142 1,250 912 875 856 601 963 1,350 1,157 1,510 1,599
2,890 2,719 3,035 3,170 3,768 4,201 3,986 4,138 3,624 3,729 3,910 5,215 6,212
Total Assets 13,681 14,449 14,377 15,535 13,933 15,402 14,664 14,370 13,833 14,145 13,969 15,209 15,990

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
745 1,256 1,358 1,445 2,151 1,522 969 1,096 1,481 1,534 1,323 2,975
-54 -409 -348 -725 -440 -1,548 -412 429 622 -882 -337 39
-520 -442 -1,697 -228 -1,677 713 -1,158 -1,020 -1,872 -505 -1,189 -1,893
Net Cash Flow 171 405 -688 491 34 687 -602 505 230 147 -203 1,120

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 41 45 32 36 30 24 30 31 34 30 33 37
Inventory Days
Days Payable
Cash Conversion Cycle 41 45 32 36 30 24 30 31 34 30 33 37
Working Capital Days -155 -216 -239 -211 -161 -187 -143 -132 -35 1 13 23
ROCE % 6% 6% 7% 8% 11% 8% 4% 4% 4% 9% 7% 21%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
29.21% 29.21% 29.21% 29.21% 30.06% 30.07% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08%
18.66% 21.56% 19.58% 20.64% 21.94% 22.06% 23.92% 25.07% 25.94% 26.18% 27.30% 26.75%
25.13% 21.76% 23.95% 21.83% 20.36% 20.64% 18.58% 17.13% 17.04% 16.66% 15.91% 16.39%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00%
26.98% 27.46% 27.25% 28.31% 27.63% 27.21% 27.41% 27.71% 26.93% 27.08% 26.72% 26.76%
No. of Shareholders 64,25577,74280,46580,76375,42871,25173,12679,34279,04185,12195,75798,047

* 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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Documents

Concalls