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The Great Eastern Shipping Company Ltd (GESHIP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500620 NSE: GESHIP Shipping | Small Cap | Great Eastern Ship. Share Price

₹1,411 11.05 (0.79%)

As on 11-Sep'26 15:11

The Great Eastern Shipping Company Ltd (GESHIP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500620 NSE: GESHIP Shipping | Small Cap | Great Eastern Ship. Share Price

₹1,411 11.05 (0.79%)

As on 11-Sep'26 15:11

Key Metrics
Valuation Multiples
Market Cap
₹19,987 Cr.
Current Price
₹1,411
52-Week Low / High
₹972 / 1,798
TTM EPS
₹262.5
TTM Sales
₹6,213 Cr.
Book Value per Share
₹1,279.8
P/E Ratio
5.33
Lower than its 5-year historical median
Industry PE
9.5
Price to Book (P/B)
1.09
Lower than its 5-year historical median
Price to Sales (P/S)
3.22
In line with its 5-year historical median
EV/EBITDA
3.17
Lower than its 5-year historical median
Dividend Yield
2.49%
Profitability Efficiency
Return on Equity (ROE)
18.85%
Outperforms industry median
Return on Capital Employed (ROCE)
18.37%
Outperforms industry median
Return on Assets (ROA)
15.41%
Operating Profit Margin
52.7%
Net Profit Margin
54.4%
Gross Profit Margin
72.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-4.45%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
4.66%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
25.52%
Asset Quality
Promoter Holding
30.07%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹18,129 Cr.
Equity
₹142.8 Cr.
Face Value
₹10
All Time Low / High
₹13.80 / 1798.00

The Great Eastern Shipping Company stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is The Great Eastern Shipping Company Ltd a good quality company?
The Great Eastern Shipping Company Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does The Great Eastern Shipping Company Ltd performance compare with that of its Peers?
Q.1 Revenue growth of The Great Eastern Shipping Company Ltd vs industry peers?
The Great Eastern Shipping Company Ltd revenue CAGR is 6.47%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of The Great Eastern Shipping Company Ltd?
Promoters hold 30.07% of the The Great Eastern Shipping Company Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of The Great Eastern Shipping Company Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.5% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
The Great Eastern Shipping Company Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 10.4%5.2%3.8%7.2%14.3%10.8%25.2%22%18.7%17.8%-
Value Creation
Index
-0.2-0.6-0.7-0.50.0-0.20.90.60.40.3-

Growth Parameters

Sales 1,7042,0612,6512,8712,6742,8324,8354,1653,8303,6594,410
Sales YoY Gr.-21%28.6%8.3%-6.9%5.9%70.7%-13.9%-8.1%-4.5%-
Adj EPS 34.17.9-1.427.463.750.3153142.1116.5127.4218.9
YoY Gr.--76.9%-117.2%NA132.1%-21.1%204.3%-7.1%-18%9.3%-
BVPS (₹) 342.4346.6336344.8414.9460.3596.8724.7840975.71,056.7
Adj Net
Profit
514119-20.44039367182,1842,0291,6631,8183,125
Cash Flow from Ops. 7195246741,1421,3441,1532,6992,3722,2092,037-
Debt/CF from Ops. 6.28.16.13.22.830.90.90.70.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.9%6.5%-8.9%-4.5%
Adj EPS 15.8%14.9%-5.9%9.3%
BVPS12.3%18.7%17.8%16.2%
Share Price 14.6% 31.9% 19.4% 43.1%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
10.52.3-0.4816.811.328.921.514.91421.5
Op. Profit
Mgn %
42.931.52941.446.843.357.35752.257.659.4
Net Profit
Mgn %
30.25.8-0.814.13525.345.248.743.449.770.9
Debt to
Equity
0.90.80.80.70.60.50.30.20.10.1-
Working Cap
Days
7191959493906691116177357
Cash Conv.
Cycle
-8182-5-7-8-5-26305

Valuation of Great Eastern Ship. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales3,1173,0383,5473,6873,3373,5095,6905,2555,3235,409
Operating Expenses + 1,7412,0742,4942,5202,0112,1272,6832,4332,7462,713
Manufacturing Costs6879401,3661,2459501,1361,5411,2211,3441,267
Material Costs0000000000
Employee Cost 599674712693699708765886944932
Other Costs 455460416583362283377326458514
Operating Profit 1,3769641,0531,1661,3251,3823,0082,8222,5762,696
Operating Profit Margin (%) 44.1%31.7%29.7%31.6%39.7%39.4%52.9%53.7%48.4%49.8%
Other Income + 5613392832626383066008639351,355
Exceptional Items 0000000000
Interest 378455521450320370343265236136
Depreciation 678769773743700698712726813889
Profit Before Tax 88279422359436202,5542,6942,4623,026
Tax 127289642824-10-218011783
Profit After Tax 755-210-212079196302,5752,6142,3442,943
PAT Margin (%) 24.2%-6.9%-0.6%5.6%27.5%18.0%45.3%49.7%44.0%54.4%
Adjusted EPS (₹)50.1-14.0-1.414.162.544.1180.4183.1164.2206.1
Dividend Payout Ratio (%)20.20%-51.60%-379.60%57.50%14.40%22.50%16%19.80%18.10%17%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 7,2236,9286,8106,7967,7048,05110,27512,39714,25916,962
Share Capital 151151151147147143143143143143
Reserves 7,0736,7776,6596,6497,5577,90910,13312,25514,11616,820
Debt +5,9415,5324,8434,7864,3943,9773,0212,4081,488600
Long Term Debt5,7705,3614,8434,7864,3943,9773,0212,4081,488600
Short Term Debt17017100000000
Minority Interest0000000000
Trade Payables219306322358314353344456290360
Others Liabilities 2,0081,8982,3961,8931,7321,5871,5691,5472,2821,956
Total Liabilities 15,39114,66414,37013,83314,14513,96915,20916,80818,31919,878

Fixed Assets

Net Fixed Assets +10,3049,8099,6179,1239,0888,8778,4508,3168,3089,339
Gross Block13,42113,81114,08014,07814,37714,61414,60714,81214,90216,230
Accumulated Depreciation3,1174,0034,4634,9555,2895,7386,1576,4956,5936,891
CWIP 221314123242435592146
Investments 8758566019631,3501,1571,5101,9702,2892,392
Inventories145176218215209224204247253286
Trade Receivables205253303346271315577647481639
Cash Equivalents flag 3,4672,9552,9222,4922,7492,8373,7994,8915,7265,511
Others Assets 3736026955714545346346781,2411,666
Total Assets 15,39114,66414,37013,83314,14513,96915,20916,80818,31919,878
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 1,5229691,0961,4811,5341,3232,9752,8082,6472,854
PBT 88279422359436202,5542,6942,4623,026
Adjustment 7271,1001,2571,310498811716159279-14
Changes in Working Capital 34-101-125-095-118-2962-11-75
Tax Paid -120-109-79-64-290-47-83-83
Cash Flow From Investing Activity + -1,526-449430484-873-375-38-915-191-1,187
Capex -1,911-471-615-96-521-412-199-435-175-1,578
Net Investments 333-55963489-3811963-612-290135
Others 53768292281897133274256
Cash Flow From Financing Activity + 713-1,158-1,020-1,872-505-1,189-1,893-1,330-1,675-1,769
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 1,125-594-409-978-177-478-1,179-609-908-1,134
Interest Paid -302-454-414-396-311-298-276-257-236-150
Dividend Paid -54-98-109-165-40-198-360-493-501-411
Others -56-13-88-33322-213-7829-30-73
Net Cash Flow 709-63950693156-2411,043563781-102
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)10.95-2.97-0.313.0412.677.9928.123.0617.5918.85
ROCE (%)9.553.934.345.5110.197.821.820.1816.9518.37
Asset Turnover Ratio0.210.20.240.260.240.250.390.330.30.28
PAT to CFO Conversion(x)2.02N/AN/A7.151.672.11.161.071.130.97
Working Capital Days
Receivable Days3027.5028.6032.1033.7030.5028.6042.5038.7037.80
Inventory Days15.1019.3020.3021.4023.2022.5013.8015.7017.2018.20
Payable Days0000000000

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The Great Eastern Shipping Company Ltd FAQs

The current trading price of Great Eastern Ship. on 11-Sep-2026 15:11 is ₹1,411.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of Great Eastern Ship. stood at ₹19,986.7 Cr

The latest P/E ratio of Great Eastern Ship. as of 10-Sep-2026 is 6.40.

The latest P/B ratio of Great Eastern Ship. as of 10-Sep-2026 is 1.32.

The 52-week high of Great Eastern Ship. is ₹1,798 and the 52-week low is ₹972.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Great Eastern Ship. is ₹4,410 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that The Great Eastern Shipping Company Ltd is a average quality company.

The key valuation ratios of The Great Eastern Shipping Company Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of The Great Eastern Shipping Company Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About The Great Eastern Shipping Company Ltd

The Great Eastern Shipping Company (G E Shipping) is India's largest shipping & oilfield services provider enjoying a formidable presence in the international maritime industry. The company has two main businesses that are shipping and offshore. The shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities. The offshore business services to the oil companies in carrying out offshore exploration and production activities, through its subsidiary Greatship (India). The shipping business operates under two businesses: dry bulk carriers and tankers. Backed by an enviable clientele comprising industry leaders, international oil companies and governments who vouch for its services, the division has earned the status of being the most preferred shipping service provider. With a pulse on the global market and a thorough understanding of the ever-evolving market needs, the division is well-equipped to anticipate the demands of its clients and to deliver on its commitments, successfully and satisfactorily. The company has been certified to ISO 9001: 2015, ISO 14001: 2015 and ISO 45001: 2018 standards by DNV.GL.

Business area of the company

The Great Eastern Shipping Company is involved in the bulk shipping business i.e. transportation of crude oil, petroleum products, gas and dry bulk commodities. 

Milestones

  • 1992: Received Government of India approval
  • 1993: Obtained the licence from Coal India Limited (CIL)
  • 1994 to 1997: Paid signature bonus of over $ 300,000 to CIL
  • 1994 to 1997: Core-hole exploration, and tested commercial viability
  • 1998: CBM administration shifted from ministry of coal to ministry of petroleum
  • 1998: Submitted application for petroleum exploration licence
  • 2001: Production sharing contract signed with the ministry of petroleum and natural gas
  • 2001: Petroleum exploration licence was granted
  • 2002: Started 3-pilot production well program
  • 2004: Struck gas in the first well
  • 2004: Gas observed in all the wells
  • 2005: First Indian company to float on London AIM stock market
  • 2006: Commenced commercial drilling program for 20 production wells.
  • 2006: All 20 wells drilled and completed
  • 2007: Finished installing pumps (PCP) in 20 wells
  • 2008: Commissioned brand-new rig (Atlas Copco RD 20 III) and commenced further development program.
  • 2010: G E Shipping Modifies Hyundai Heavy Orders; To Build 3 VLCCs Instead Of 2 Suezmaxes.
  • 2011: Greatship's Subsidiary Orders One Construction Support Vessel (Platform/Rov Support Vessel).
  • 2013: G E Shipping Contracts To Build 3 New Building Kamsarmax Dry Bulk Carriers.
  • 2013: Greatship Global Energy Services Pte. Ltd. (GGES), a Singapore incorporated step down subsidiary of the Great Eastern Shipping Company Limited, has informed the Company about being advised of the “Striking of Steel” of its Mobile Offshore Self Elevating Drilling Rig, at a globally reputed yard.
  • 2015: Incorporation of A New Subsidiary By Greatship (India) Limited (GIL) namely Greatship Oilfield Services Limited.
  • 2015: Incorporation Of A Wholly Owned Subsidiary namely Great Eastern CSR Foundation.
  • 2017: Greatship Has Acquired Full Ownership Of Jack-Up Rigs Of Its Subsidiary, Greatship Global Energy Services Pte. Ltd (GGES).
  • 2019: Great Eastern Shipping Company (G E Shipping) has delivered its 2000 built Suezmax Crude Carrier ‘Jag Lakshita’ to the buyers. The vessel was contracted for sale in November 2019.
  • 2020: Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a second hand Capesize Bulk Carrier. The 2014 Philippines built vessel is expected to join the company's fleet in H2 FY21.
  • 2020: Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a secondhand very large gas carrier of about 77,922 cbm. The 2002 Japanese built vessel is expected to join the company's fleet in Q3 FY21.
  • 2020: Great Eastern Shipping Company (G E Shipping) has incorporated Wholly owned Subsidiary (WoS) company namely ‘Great Eastern Services in Mumbai on June 23, 2020.
  • 2020: G E Shipping taken delivery of a secondhand very large gas carrier ‘Jag Vishnu’ of about 77,922 cbm.
  • 2020: G E Shipping took delivery of a secondhand Long Range (LR2) product carrier ‘Jag Lara’ of about 105,258 Deadweight tonnage (dwt).
  • 2020: G E Shipping delivered its 2000 built Suezmax Crude Carrier ‘Jag Lateef’ to the buyers.
  • 2021: G E Shipping delivered its 2000 built Suezmax Crude Carrier ‘Jag Laadki’ to the buyers.
  • 2021: G E Shipping taken delivery of second hand Capesize Bulk Carrier Jag Alaia of about 180,694 dwt.
  • 2021: G E Shipping delivered its 2006 built Supramax Bulk Carrier ‘Jag Roopa’ to the buyers.
  • 2021: G E Shipping taken delivery of a secondhand Midsize Gas Carrier ‘Jag Vikram’ of about 35,188 cbm.
  • 2021: G E Shipping taken delivery of a 2013 built Japanese secondhand Supramax Bulk Carrier ‘Jag Rajiv’ of about 56,103 dwt.
  • 2021: G E Shipping delivered its 1996 built Midsize Gas Carrier ‘Jag Vaayu’.
  • 2021: G E Shipping delivered 2003 built Aframax Crude Carrier ‘Jag Lata’.
  • 2022: G E Shipping’s arm delivered ‘Greatship Rohini’ to buyers.
  • 2022: G E Shipping completed India’s first trials on MR tanker in international waters.
  • 2022: G E Shipping delivered 2006 built Aframax Crude Carrier ‘Jag Lyall’.
  • 2023: Great Eastern Shipping’s arm takes delivery of anchor handling tug cum supply vessel.
  • 2023: G E Shipping delivered 2004 built Aframax Crude Carrier 'Jag Lavanya'.
  • 2023: G E Shipping delivered supramax dry bulk carrier ‘Jag Rohan’.
  • 2023: G E Shipping taken delivery of 2008 built Medium Range Product Tanker ‘Jag Parth’.
  • 2023: G E Shipping taken delivery of dry bulk carrier ‘Jag Amaira’.
  • 2024: G E Shipping delivered 2004 built medium range product tanker ‘Jag Prabha’.
  • 2024: G E Shipping taken delivery of 2010 built medium range product tanker ‘Jag Priya’.
  • 2024: G E Shipping taken delivery of medium range product tanker ‘Jag Prachi’.
  • 2024: G E Shipping delivered 2004 built Medium Range Product Tanker ‘Jag Pahel’ to buyers.
  • 2024: G E Shipping delivered 2004 built medium range product tanker ‘Jag Pranam’ to buyers.
  • 2024: G E Shipping taken delivery of medium range product tanker ‘Jag Priyanka’.
  • 2024: G E Shipping delivered 2005 built Medium Range Product Tanker ‘Jag Pranav’.
  • 2024: G E Shipping delivered Supramax Dry Bulk Carrier ‘Jag Rani’.
  • 2024: G E Shipping delivered 2005 built Suezmax Crude Tanker ‘Jag Lalit’.
  • 2024: G E Shipping delivered 2005 built medium range product tanker ‘Jag Padma’.
  • 2025: G E Shipping delivered 2011 built Supramax dry bulk carrier.
  • 2025: G E Shipping taken delivery of 2015 built Kamsarmax Dry Bulk Carrier ‘Jag Amol’.
  • 2025: G E Shipping taken delivery of 2016 built Kamsarmax Dry Bulk Carrier ‘Jag Anjali’.
  • 2025: G E Shipping delivered 2005 built medium range product tanker ‘Jag Pooja’.
  • 2025: G E Shipping delivered 2005 built Suezmax Crude Tanker ‘Jag Lok’.
  • 2026: G E Shipping delivered 2011 built Kamsarmax dry bulk carrier ‘Jag Aarati’.
  • 2026: G E Shipping delivered 2019 built Ultramax Dry Bulk Carrier ‘Jag Riddhi’.
  • 2026: GE Shipping taken delivery of 2013 built medium range tanker ‘Jag Pranesh’.
  • 2026: GE Shipping delivers 2002 built Very Large Gas Carrier ‘Jag Vishnu’.

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