Great Eastern Shipping Company Ltd
GESHIPGreat Eastern Shipping Company Ltd
GESHIP
Price Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
AvgCan be considered moderately valued vs the market
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 7.34 | 1.55 | 3.26% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 14.19 | 2.11 | 1.87% |
Forecast & Ratings
Detailed Forecast from 2 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
The Great Eastern Shipping Company is engaged in the business of providing shipping services like transportation of crude oil, petroleum products, gas and dry bulk commodities.
Investor Presentation
View olderPeers
Compare with peersPetronet LNG Ltd
Aegis Logistics Ltd
Confidence Petroleum India Ltd
Reliance Industrial Infrastructure Ltd
Confidence Futuristic Energetech Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 3,926.49 | 3,622.76 | 3,140.57 | 3,829.89 | 3,897.85 | 3,568.37 | 3,669.12 | 6,171.14 | 5,918.70 | 5,918.70 | ||||||||||
Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,233.55 | ||||||||||
| Power & Fuel Cost | 287.86 | 192.80 | 347.09 | 592.60 | 596.36 | 361.82 | 523.12 | 604.76 | 433.78 | |||||||||||
| Employee Cost | 592.41 | 599.10 | 674.44 | 711.60 | 692.64 | 698.96 | 708.45 | 765.11 | 886.25 | |||||||||||
| Selling & Administrative Expenses | 51.64 | 78.10 | 85.20 | 86.24 | 71.73 | 83.55 | 101.55 | 104.94 | 104.70 | |||||||||||
| Operating & Other expenses | 891.20 | 815.65 | 731.19 | 1,103.46 | 1,109.04 | 538.79 | 648.30 | 1,088.00 | 808.82 | |||||||||||
EBITDA | 2,103.38 | 1,937.11 | 1,302.65 | 1,335.99 | 1,428.08 | 1,885.25 | 1,687.70 | 3,608.33 | 3,685.15 | 3,685.15 | ||||||||||
| Depreciation/Amortization | 607.93 | 677.91 | 768.67 | 772.65 | 742.81 | 700.43 | 697.93 | 712.05 | 726.07 | 726.07 | ||||||||||
| PBIT | 1,495.45 | 1,259.20 | 533.98 | 563.34 | 685.27 | 1,184.82 | 989.77 | 2,896.28 | 2,959.08 | 2,959.08 | ||||||||||
| Interest & Other Items | 287.76 | 377.62 | 455.08 | 521.21 | 450.24 | 242.14 | 370.09 | 342.74 | 264.70 | 264.70 | ||||||||||
| PBT | 1,207.69 | 881.58 | 78.90 | 42.13 | 235.03 | 942.68 | 619.68 | 2,553.54 | 2,694.38 | 2,694.38 | ||||||||||
| Taxes & Other Items | 110.71 | 126.62 | 289.39 | 63.58 | 27.89 | 24.16 | -10.00 | -21.47 | 80.20 | 80.20 | ||||||||||
| Net Income | 1,096.98 | 754.96 | -210.49 | -21.45 | 207.14 | 918.52 | 629.68 | 2,575.01 | 2,614.18 | 2,614.18 | ||||||||||
| EPS | 72.75 | 50.07 | -13.96 | -1.42 | 13.91 | 62.50 | 43.46 | 180.36 | 183.10 | 183.10 | ||||||||||
| DPS | 13.50 | 10.10 | 7.20 | 5.40 | 8.10 | 9.00 | 9.90 | 28.80 | 43.80 | 34.50 | ||||||||||
| Payout ratio | 0.19 | 0.20 | — | — | 0.58 | 0.14 | 0.23 | 0.16 | 0.24 | 0.19 |
Company Updates
Peers & Comparison
EnergyOil & Gas - Storage & Transportation
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Great Eastern Shipping Company Ltd | 7.34 | 1.55 | 3.26% |
| Petronet LNG Ltd | 15.00 | 3.59 | 0.82% |
| Aegis Logistics Ltd | 54.59 | 6.96 | 0.37% |
| Confidence Petroleum India Ltd | 30.63 | 3.48 | 0.09% |
Price Comparison
Compare GESHIP with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 1.23%
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 2.89%
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Great Eastern Shipping Company Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
SBI Dividend Yield Fund - Direct Plan - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6983% | Percentage of the fund’s portfolio invested in the stock 1.76% | Change in the portfolio weight of the stock over the last 3 months 0.02% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 24/40 (-2) |
HDFC Multi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3686% | Percentage of the fund’s portfolio invested in the stock 0.51% | Change in the portfolio weight of the stock over the last 3 months -0.01% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 63/207 (-2) |
UTI Small Cap Fund - Direct Growth Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3034% | Percentage of the fund’s portfolio invested in the stock 1.38% | Change in the portfolio weight of the stock over the last 3 months 1.38% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 60/99 (+36) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
Increasing Dividends
GESHIP has increased dividends consistently over the last 5 years
Dividend Yield
Current dividend yield is 3.26%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹32.61 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateMay 22, 2024
Dividend/Share
₹10.80
Ex DateEx Date
May 22, 2024
Cash Dividend
Ex DateEx DateFeb 12, 2024
Dividend/Share
₹6.30
Ex DateEx Date
Feb 12, 2024
Cash Dividend
Ex DateEx DateNov 8, 2023
Dividend/Share
₹6.30
Ex DateEx Date
Nov 8, 2023
Cash Dividend
Ex DateEx DateAug 14, 2023
Dividend/Share
₹5.40
Ex DateEx Date
Aug 14, 2023
Cash Dividend
Ex DateEx DateAug 14, 2023
Dividend/Share
₹7.50
Ex DateEx Date
Aug 14, 2023
GE Shipping inks deal to sell 2005-built medium range product tanker ‘Jag Pranav’
The vessel will be delivered to the new buyer by Q2/Q3 FY25. Including Jag Pranav, the company's current fleet stands at 43 vessels, comprising 29 tankers (6 crude carriers, 19 product tankers, 4 LPG carrier) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.41 million dwt. Additionally, we had contracted to sell one MR product tanker in May 2024 and buy one MR product tanker in June 2024, which are due for deliveries in Q2 FY25,' the company said in a statement. Great Eastern (GE) Shipping Company is India's largest private sector shipping service provider. The company operates in two main businesses: dry bulk carriers and tankers. The scrip slipped 3.39% to currently trade at Rs 1320 on the BSE. Powered by Capital Market - Live
Great Eastern Shipping Company has contracted to sell its 2005 built Medium Range Product Tanker, Jag Pranav of about 51,383 dwt on 23 July 2024 to an unaffiliated third party. The vessel will be delivered to the new buyer by Q2/Q3 FY25. Including Jag Pranav, company's current fleet stands at 43 vessels, comprising 29 tankers (6 crude carriers, 19 product tankers, 4 LPG carrier) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.41 Mn dwt. Additionally, the company had contracted to sell one MR product tanker in May 2024 and buy one MR product tanker in June 2024, which are due for deliveries in Q2FY25.Powered by Capital Market - Live
Great Eastern Shipping Company will hold a meeting of the Board of Directors of the Company on 1 August 2024.Powered by Capital Market - Live
GE Shipping - Offshore Strengthening Further; Shipping To Remain Tight: Motilal Oswal
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Shipping Corporation of India Ltd leads gainers in ‘A’ group
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GE Shipping hits 52-week high on strong Q1 earnings, selection of Keki Mistry as director
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 9.1%, vs industry avg of 6.99%
Increasing Market Share
Over the last 5 years, market share increased from 7.72% to 8.51%