Great Eastern Shipping Company Ltd
GESHIPGreat Eastern Shipping Company Ltd
GESHIP
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
LowUndervalued compared to the market average
Growth
AvgFinancials growth has been moderate for a few years
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 |
|---|---|---|
| 4.89 | 1.12 | 4.51% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 11.51 | 1.50 | 2.24% |
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 | 6,405.40 | ||||||||||
Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,454.22 | ||||||||||
| 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 | 3,951.18 | ||||||||||
| Depreciation/Amortization | 607.93 | 677.91 | 768.67 | 772.65 | 742.81 | 700.43 | 697.93 | 712.05 | 726.07 | 762.17 | ||||||||||
| PBIT | 1,495.45 | 1,259.20 | 533.98 | 563.34 | 685.27 | 1,184.82 | 989.77 | 2,896.28 | 2,959.08 | 3,189.01 | ||||||||||
| Interest & Other Items | 287.76 | 377.62 | 455.08 | 521.21 | 450.24 | 242.14 | 370.09 | 342.74 | 264.70 | 249.70 | ||||||||||
| PBT | 1,207.69 | 881.58 | 78.90 | 42.13 | 235.03 | 942.68 | 619.68 | 2,553.54 | 2,694.38 | 2,939.31 | ||||||||||
| Taxes & Other Items | 110.71 | 126.62 | 289.39 | 63.58 | 27.89 | 24.16 | -10.00 | -21.47 | 80.20 | 108.55 | ||||||||||
| Net Income | 1,096.98 | 754.96 | -210.49 | -21.45 | 207.14 | 918.52 | 629.68 | 2,575.01 | 2,614.18 | 2,830.76 | ||||||||||
| EPS | 72.75 | 50.07 | -13.96 | -1.42 | 13.91 | 62.50 | 43.46 | 180.36 | 183.10 | 198.27 | ||||||||||
| DPS | 13.50 | 10.10 | 7.20 | 5.40 | 8.10 | 9.00 | 9.90 | 28.80 | 43.80 | 32.40 | ||||||||||
| Payout ratio | 0.19 | 0.20 | — | — | 0.58 | 0.14 | 0.23 | 0.16 | 0.24 | 0.16 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
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 | 5.30 | 1.12 | 4.51% |
| Petronet LNG Ltd | 14.01 | 2.94 | 2.93% |
| Aegis Logistics Ltd | 50.22 | 6.41 | 0.80% |
| Confidence Petroleum India Ltd | 23.47 | 1.88 | 0.13% |
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 1.72%
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Decreased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has decreased by 1.08%
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) |
|---|---|---|---|---|
HDFC Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 4.3485% | Percentage of the fund’s portfolio invested in the stock 1.78% | Change in the portfolio weight of the stock over the last 3 months -0.43% | 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 12/92 (-3) |
Kotak Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.2659% | Percentage of the fund’s portfolio invested in the stock 1.77% | Change in the portfolio weight of the stock over the last 3 months -0.38% | 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 55/83 (-48) |
ICICI Prudential Value Discovery Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.1822% | Percentage of the fund’s portfolio invested in the stock 0.33% | Change in the portfolio weight of the stock over the last 3 months -0.06% | 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 32/96 (+10) |
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 4.51%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹45.13 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateNov 19, 2024
Dividend/Share
₹7.20
Ex DateEx Date
Nov 19, 2024
Cash Dividend
Ex DateEx DateAug 13, 2024
Dividend/Share
₹9.00
Ex DateEx Date
Aug 13, 2024
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
Great Eastern Shipping Company has delivered its 2005 built Medium Range product tanker 'Jag Padma' to the buyers. The vessel was contracted for sale in October 2024. Post the delivery, the company's current fleet stands at 39 vessels, comprising 26 tankers (5 crude carriers, 17 product tankers, 4 LPG carrier) and 13 dry bulk carriers (2 Capesize, 8 Kamsarmax, 3 Supramax) aggregating 3.10 Mn dwt. Powered by Capital Market - Live
Great Eastern Shipping Company has delivered its 2005 built Suezmax Crude Tanker 'Jag Lalit' to the buyers. The vessel was contracted for sale in September 2024. Excluding Jag Lalit, company's current fleet stands at 40 vessels, comprising 27 tankers (5 Crude carriers, 18 Product carriers, 4 LPG carriers) and 13 dry bulk carriers (2 Capesize, 8 Kamsarmax, 3 Supramax) aggregating 3.15 Mn dwt. Additionally, the company has contracted to sell one MR product tanker in Oct 2024, which is due for delivery by H2 FY25. Powered by Capital Market - Live
Great Eastern Shipping Company Ltd fell 6.23% today to trade at Rs 1210.55. The BSE India Infrastructure Index index is down 1.28% to quote at 640.57. The index is down 5.27 % over last one month. Among the other constituents of the index, Rail Vikas Nigam Ltd decreased 5.95% and Ircon International Ltd lost 5.28% on the day. The BSE India Infrastructure Index index went up 65.6 % over last one year compared to the 22.32% surge in benchmark SENSEX. Great Eastern Shipping Company Ltd has lost 6.34% over last one month compared to 5.27% fall in BSE India Infrastructure Index index and 2.66% drop in the SENSEX. On the BSE, 10042 shares were traded in the counter so far compared with average daily volumes of 25418 shares in the past one month. The stock hit a record high of Rs 1542.8 on 11 Jul 2024. The stock hit a 52-week low of Rs 728.1 on 09 Nov 2023.Powered by Capital Market - Live
Great Eastern Shipping Company announced that the Board of Directors of the Company at its meeting held on 7 November 2024, inter alia, have recommended the interim dividend of Rs 7.2 per equity Share (i.e. 72%) , subject to the approval of the shareholders.Powered by Capital Market - Live
Net profit of Great Eastern Shipping Company declined 3.21% to Rs 575.57 crore in the quarter ended September 2024 as against Rs 594.66 crore during the previous quarter ended September 2023. Sales rose 10.20% to Rs 1354.40 crore in the quarter ended September 2024 as against Rs 1229.02 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1354.401229.02 10 OPM %48.2652.35 - PBDT815.26798.67 2 PBT609.75611.93 0 NP575.57594.66 -3 Powered by Capital Market - Live
The vessel will be delivered to the new buyer by Q3 FY25, the company added. Including Jag Padma, company's current fleet stands at 41 vessels, comprising 28 tankers (6 crude carriers, 18 product tankers, 4 LPG carrier) and 13 dry bulk carriers (2 Capesize, 8 Kamsarmax, 3 Supramax) aggregating 3.31 million deadweight tonnage (dwt). Additionally, the company has contracted to sell one Suezmax crude tanker in September 2024, which is due for delivery by Q3 FY25. 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 rose 0.10% to currently trade at Rs 1288.75 on the BSE. Powered by Capital Market - Live
Great Eastern Shipping Company announced that due to his health condition, Mr. Tapas Icot has decided to step down as a Director of the Company w.e.f. close of business hours on 01 November 2024.Powered by Capital Market - Live
Great Eastern Shipping Company will hold a meeting of the Board of Directors of the Company on 7 November 2024.Powered by Capital Market - Live
Great Eastern Shipping Company has delivered its 2011 built Supramax Dry Bulk Carrier 'Jag Rani' to the buyers. The vessel was contracted for sale in August 2024. Excluding Jag Rani, company's current fleet stands at 41 vessels, comprising 28 tankers (6 Crude carriers, 18 Product carriers, 4 LPG carriers) and 13 dry bulk carriers (2 Capesize, 8 Kamsarmax, 3 Supramax) aggregating 3.31 mn dwt. Additionally, the company has contracted to sell one Suezmax crude tanker in Sep 2024, which is due for delivery by Q3 FY25.Powered by Capital Market - Live
Great Eastern Shipping Company (G E Shipping) has contracted to sell its 2005 built Suezmax Crude Tanker, Jag Lalit of about 158,344 dwt on 13 September 2024 to an unaffiliated third party. The vessel will be delivered to the new buyer by Q3 FY25. Including Jag Lalit, 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 July 2024 and one Supramax drybulk carrier in Aug 2024, which are due for deliveries by Q3 FY25.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 9.1%, vs industry avg of 6.94%
Increasing Market Share
Over the last 5 years, market share increased from 7.72% to 8.51%