The Great Eastern Shipping Company Ltd Stock Analysis

BSE: 500620 | NSE: GESHIP | Shipping | Small Cap

BSE Share Price 31-Mar-2023 18:02
643.50 -17.95 (-2.71%)

DeciZen - Make an Informed Decision on GE Shipping

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

GE Shipping Price Chart

P/E Ratio ( SA) :
4.82
Market Cap :
9,187.1 Cr.
52-wk low :
344.2
52-wk high :
748.5
Bole Toh?

1. Is The Great Eastern Shipping Company Ltd a good quality company?

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

2. Is The Great Eastern Shipping Company Ltd undervalued or overvalued?

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 Fair zone.

3. Is The Great Eastern Shipping Company Ltd a good buy now?

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

10 Year X-Ray of GE Shipping:

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

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 2.3%3.1%4.5%9.5%8%2.2%2.5%7.1%12%8.9%-
Value Creation Index -0.8-0.8-0.7-0.3-0.4-0.8-0.8-0.5-0.1-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,7351,4931,7341,9721,7042,0612,6512,8712,6742,8324,345
YoY Gr. Rt. %--14%16.2%13.8%-13.6%21%28.6%8.3%-6.9%5.9%-
Adj EPS 3.97.315.240.434.1-1.7-1.427.663.748.2133.5
YoY Gr. Rt. %-88.6%109.4%165.7%-15.6%-105%NANA130.5%-24.3%-
BVPS (₹) 328.3318.8327306.4342.4346.6336344.8414.9460.3567.6
Adj Net Profit 58.6109229609514-25.5-20.44069366881,906
Cash Flow from Ops. 5014295301,0577195246741,1421,3441,153-
Debt/CF from Ops. 7.27.75.82.76.28.16.13.22.83-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.6%10.7%2.2%5.9%
Adj EPS 32.4%7.2%NA-24.3%
BVPS 3.86.111.110.9
Share Price 11.1% 14.2% 47.2% 84.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 1.22.24.712.810.5-0.5-0.4816.810.926
Op. Profit Mgn % 24.93332.649.242.931.52941.646.843.350.9
Net Profit Mgn % 3.47.313.230.930.2-1.2-0.814.23524.343.9
Debt to Equity 0.70.70.60.60.90.80.80.70.60.5-
Working Cap Days 8510080647191999993900
Cash Conv. Cycle 4-41-4-8182-5-70

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 26.00%

Debt to equity has declined versus last 3 years average to 0.52

Sales growth is good in last 4 quarters at 60.73%

Sales growth has been subdued in last 3 years 2.22%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - The Great Eastern Shipping Company Ltd.

Standalone Consolidated
TTM EPS (₹) 133.5 143
TTM Sales (₹ Cr.) 4,345 5,151
BVPS (₹.) 567.6 683.7
Reserves (₹ Cr.) 7,961 9,618
P/BV 1.13 0.94
PE 4.82 4.50
From the Market
52 Week Low / High (₹) 344.15 / 748.45
All Time Low / High (₹) 13.80 / 748.45
Market Cap (₹ Cr.) 9,187
Equity (₹ Cr.) 142.8
Face Value (₹) 10
Industry PE 3.8

Management X-Ray of GE Shipping :

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 (%)

Event Update

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Analyst's Notes

Key Ratios of GE Shipping

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

The Great Eastern Shipping Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of GE Shipping on 31-Mar-2023 18:02 is : 643.5.
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 31-Mar-2023 18:02 the market cap of GE Shipping stood at ₹ 9,187.1.
The latest PE ratio of GE Shipping as of 31-Mar-2023 18:02 is 4.82.
The latest PB ratio of GE Shipping as of 31-Mar-2023 18:02 is 1.13
The 52-week high of GE Shipping is ₹ 748.5 and the 52-week low is ₹ 344.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of GE Shipping is ₹ 4,345 ( Cr.) .

About The Great Eastern Shipping Company Ltd

The Great Eastern Shipping Company Ltd. is India's largest private sector shipping service provider enjoying a formidable presence in the international maritime industry. The shipping business operates under two main 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 Ltd. 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.
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