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

₹ 687 0.30%
30 May - 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

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]

Website BSE NSE
  • Market Cap ₹ 9,817 Cr.
  • Current Price ₹ 687
  • High / Low ₹ 749 / 352
  • Stock P/E 3.99
  • Book Value ₹ 720
  • Dividend Yield 4.19 %
  • ROCE 20.9 %
  • ROE 26.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.95 times its book value
  • Stock is providing a good dividend yield of 4.19%.
  • Company is expected to give good quarter
  • 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

  • Promoter holding is low: 30.1%
  • Tax rate seems low
  • Working capital days have increased from 44.6 days to 120 days

* 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

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
1,009 1,068 775 753 740 769 885 939 916 1,366 1,447 1,421 1,456
843 455 423 510 561 484 495 527 530 628 654 625 609
Operating Profit 166 614 352 243 179 285 390 412 386 738 793 796 847
OPM % 16% 57% 45% 32% 24% 37% 44% 44% 42% 54% 55% 56% 58%
41 119 137 182 113 -2 103 47 67 -15 253 101 95
Interest 99 76 80 62 79 98 85 76 111 93 88 85 77
Depreciation 169 181 174 177 168 179 184 184 151 179 181 184 167
Profit before tax -61 476 235 186 45 5 224 200 191 450 777 629 698
Tax % 17% 2% 4% 5% -8% -146% 0% -3% 1% -1% 1% 0% -4%
Net Profit -51 468 225 176 49 12 223 205 189 457 769 627 722
EPS in Rs -3.45 31.83 15.34 12.00 3.33 0.84 15.18 13.97 13.23 32.01 53.85 43.93 50.57
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
2,955 3,007 3,092 3,438 3,808 3,117 3,038 3,547 3,687 3,337 3,509 5,690
2,007 2,042 1,660 2,005 1,823 1,686 1,838 2,480 2,470 1,683 1,969 2,563
Operating Profit 948 965 1,432 1,433 1,985 1,431 1,200 1,067 1,217 1,653 1,540 3,128
OPM % 32% 32% 46% 42% 52% 46% 40% 30% 33% 50% 44% 55%
417 556 242 276 119 506 102 269 211 232 148 481
Interest 437 345 375 301 288 378 455 521 450 242 370 343
Depreciation 548 592 665 610 608 678 769 773 743 700 698 712
Profit before tax 379 584 633 798 1,208 882 79 42 235 943 620 2,554
Tax % 15% 8% 9% 6% 9% 14% 367% 151% 12% 3% -2% -1%
Net Profit 321 538 574 748 1,097 755 -210 -21 207 919 630 2,575
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
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: 62%
Compounded Profit Growth
10 Years: 20%
5 Years: 134%
3 Years: 205%
TTM: 316%
Stock Price CAGR
10 Years: 11%
5 Years: 16%
3 Years: 52%
1 Year: 71%
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
152 152 151 151 151 151 151 151 147 147 143 143
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
6,407 6,739 6,119 6,540 5,759 6,816 6,213 5,999 5,295 5,047 4,655 3,649
1,278 1,368 1,484 1,565 1,610 1,363 1,523 1,562 1,742 1,394 1,262 1,284
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
8,832 9,684 9,842 10,888 8,925 10,304 9,809 9,617 9,123 9,042 8,877 8,450
CWIP 644 20 358 227 328 22 13 14 123 24 24 35
Investments 1,315 2,026 1,142 1,250 912 875 856 601 963 1,350 1,157 1,510
2,890 2,719 3,035 3,170 3,768 4,201 3,986 4,138 3,624 3,729 3,910 5,215
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

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 -38
-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 1,043

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 13 120
ROCE % 6% 6% 7% 8% 11% 8% 4% 4% 4% 9% 7% 21%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
29.13 29.49 29.21 29.21 29.21 29.21 29.21 30.06 30.07 30.08 30.08 30.08
20.83 19.21 19.31 18.66 21.56 19.58 20.64 21.94 22.06 23.92 25.07 25.94
22.52 24.99 24.35 25.13 21.76 23.95 21.83 20.36 20.64 18.58 17.13 17.04
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
27.51 26.31 27.11 26.98 27.46 27.25 28.31 27.63 27.21 27.41 27.71 26.93

* 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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