Is The Great Eastern Shipping Company Ltd (GESHIP) 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 .

Is The Great Eastern Shipping Company Ltd (GESHIP) 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 Overvalued zone .

What is The Great Eastern Shipping Company Ltd (GESHIP) share price return in the past 10 years?

The Great Eastern Shipping Company Ltd share price has appreciated 15.6% annually (CAGR) over the past ten years.

Is The Great Eastern Shipping Company Ltd (GESHIP) a good buy now?

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.

What is the share price of The Great Eastern Shipping Company Ltd (GESHIP)?

Company share prices are keep on changing according to the market conditions. The current trading price of The Great Eastern Shipping Company Ltd (GESHIP) on 20-Apr-2026 16:59:59 at 16:59 is 1422.75.

What is the market cap of The Great Eastern Shipping Company Ltd (GESHIP)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Apr-2026 at 16:59, the market cap of The Great Eastern Shipping Company stood at Rs. 20312.20 Cr.

What is the P/E ratio of The Great Eastern Shipping Company?

The latest standalone P/E ratio of The Great Eastern Shipping Company as of 20-Apr-2026 is 11.57.

What is the P/B ratio of The Great Eastern Shipping Company Ltd (GESHIP)?

The latest standalone P/B ratio of The Great Eastern Shipping Company Ltd (GESHIP) as of 20-Apr-2026 is 1.53.

What is the 52-week high and low of The Great Eastern Shipping Company Ltd (GESHIP)?

The 52-week high of The Great Eastern Shipping Company Ltd (GESHIP) is Rs. 1509.15 and the 52-week low is Rs. 842.35.

What is the TTM revenue of The Great Eastern Shipping Company Ltd (GESHIP)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of The Great Eastern Shipping Company is Rs. 3405.09 (Cr.).

The Great Eastern Shipping Company Ltd (GESHIP) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: The Great Eastern Shipping Company Ltd (GESHIP)
Brand: The Great Eastern Shipping Company

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	10.6%	10.4%	5.2%	3.8%	7.2%	14.3%	10.8%	25.2%	22%	18.7%	-
Value Creation Index ⓘ	-0.2	-0.2	-0.6	-0.7	-0.5	0.0	-0.2	0.9	0.6	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,972	1,704	2,061	2,651	2,871	2,674	2,832	4,835	4,165	3,830	3,405
Sales YoY Gr.	-	-13.6%	21%	28.6%	8.3%	-6.9%	5.9%	70.7%	-13.9%	-8.1%	-
Adj EPS ⓘ	40.4	34.1	7.9	-1.4	27.4	63.7	50.3	153	142.1	116.5	123
YoY Gr.	-	-15.6%	-76.9%	-117.2%	NA	132.1%	-21.1%	204.3%	-7.1%	-18%	-
BVPS (₹) ⓘ	306.4	342.4	346.6	336	344.8	414.9	460.3	596.8	724.7	840	932.6
Adj Net Profit ⓘ	609	514	119	-20.4	403	936	718	2,184	2,029	1,663	1,756
Cash Flow from Ops. ⓘ	1,057	719	524	674	1,142	1,344	1,153	2,699	2,372	2,209	-
Debt/CF from Ops. ⓘ	2.7	6.2	8.1	6.1	3.2	2.8	3	0.9	0.9	0.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.7%	5.9%	10.6%	-8.1%
Adj EPS ⓘ	12.5%	33.5%	32.3%	-18%
BVPSⓘ	11.9%	19.5%	22.2%	15.9%
Share Price	15.6%	37.7%	30.5%	56.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	12.8	10.5	2.3	-0.4	8	16.8	11.3	28.9	21.5	14.9	13.9
Op. Profit Mgn % ⓘ	49.2	42.9	31.5	29	41.4	46.8	43.3	57.3	57	52.2	51.9
Net Profit Mgn % ⓘ	30.9	30.2	5.8	-0.8	14.1	35	25.3	45.2	48.7	43.4	51.6
Debt to Equity ⓘ	0.6	0.9	0.8	0.8	0.7	0.6	0.5	0.3	0.2	0.1	-
Working Cap Days ⓘ	64	71	91	95	94	93	90	66	91	97	402
Cash Conv. Cycle ⓘ	-4	-8	1	8	2	-5	-7	-8	-5	-2	347

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.58%

Net Profit is growing at healthy rate in last 3 years 32.34%

Return on Equity has declined versus last 3 years average to 13.90%

Sales growth is not so good in last 4 quarters at -17.08%

	Standalone	Consolidated
TTM EPS (₹)	123	158.4
TTM Sales (₹ Cr.)	3,405	5,121
BVPS (₹) ⓘ	932.6	1,123.3
Reserves (₹ Cr.) ⓘ	13,171	15,894
P/BV ⓘ	1.53	1.27
PE ⓘ	11.57	8.98

From the Market
52 Week Low / High (₹)	842.35 / 1509.15
All Time Low / High (₹)	13.80 / 1542.80
Market Cap (₹ Cr.)	20,312
Equity (₹ Cr.)	142.8
Face Value (₹)	10
Industry PE ⓘ	12.6

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	1,972	1,704	2,061	2,651	2,871	2,674	2,832	4,835	4,165	3,830
Operating Expenses ⓘ +	1,071	1,009	1,412	2,049	2,055	1,477	1,607	2,154	1,792	1,855
Manufacturing Costs	624	526	808	1,244	1,106	818	978	1,371	989	879
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	256	315	435	468	443	458	478	505	585	617
Other Costs ⓘ	190	168	169	337	506	201	151	278	218	360
Operating Profit ⓘ	902	695	649	602	816	1,197	1,225	2,681	2,373	1,974
Operating Profit Margin (%)	45.7%	40.8%	31.5%	22.7%	28.4%	44.8%	43.3%	55.4%	57.0%	51.5%
Other Income ⓘ +	206	567	338	262	298	560	275	417	677	983
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	183	247	328	362	318	252	234	259	198	168
Depreciation ⓘ	288	374	491	509	477	439	436	450	455	527
Profit Before Tax ⓘ	637	641	167	-6	320	1,066	831	2,389	2,397	2,262
Tax ⓘ	19	40	7	13	39	36	19	37	80	96
Profit After Tax	618	601	160	-19	281	1,030	812	2,352	2,316	2,166
PAT Margin (%)	31.4%	35.3%	7.8%	-0.7%	9.8%	38.5%	28.7%	48.7%	55.6%	56.6%
Adjusted EPS (₹)	41.0	39.9	10.6	-1.3	19.1	70.1	56.9	164.7	162.2	151.7
Dividend Payout Ratio (%)	33%	25%	68%	-418%	42%	13%	17%	17%	22%	20%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	4,620	5,162	5,225	5,066	5,067	6,098	6,571	8,520	10,346	11,993
Share Capital ⓘ	151	151	151	151	147	147	143	143	143	143
Reserves ⓘ	4,469	5,011	5,075	4,915	4,920	5,951	6,429	8,377	10,204	11,850
Debt +	2,606	3,919	3,747	3,308	3,319	3,241	2,971	2,222	1,767	1,049
Long Term Debt	2,606	3,748	3,576	3,308	3,319	3,241	2,971	2,222	1,767	1,049
Short Term Debt	0	170	171	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	119	123	186	227	269	221	288	271	361	180
Others Liabilities ⓘ	1,510	1,544	1,378	1,741	1,351	1,285	1,138	1,013	1,137	1,146
Total Liabilities ⓘ	8,855	10,748	10,538	10,341	10,006	10,845	10,969	12,026	13,612	14,368
Fixed Assets
Net Fixed Assets ⓘ +	3,666	5,594	5,542	5,536	5,196	5,369	5,427	5,149	5,211	5,332
Gross Block	5,272	7,415	7,826	8,025	7,932	8,263	8,572	8,467	8,627	8,658
Accumulated Depreciation	1,606	1,820	2,284	2,489	2,736	2,894	3,144	3,319	3,416	3,325
CWIP ⓘ	328	22	8	13	109	24	24	27	38	15
Investments ⓘ	2,564	2,543	2,436	2,156	2,557	2,977	2,706	2,958	3,316	3,734
Inventories	28	60	96	135	132	122	139	110	148	129
Trade Receivables	92	46	159	202	254	152	209	444	438	239
Cash Equivalents ⓘ	2,025	2,198	1,915	1,827	1,403	1,849	2,036	2,915	3,885	4,419
Others Assets ⓘ	152	283	381	472	355	353	427	425	576	500
Total Assets ⓘ	8,855	10,748	10,538	10,341	10,006	10,845	10,969	12,026	13,612	14,368

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	1,057	719	524	674	1,142	1,344	1,153	2,699	2,372	2,209
PBT ⓘ	637	641	167	-6	320	1,066	831	2,389	2,397	2,262
Adjustment ⓘ	367	119	498	799	886	168	442	531	11	-122
Changes in Working Capital ⓘ	79	-15	-112	-92	-22	102	-99	-184	23	138
Tax Paid ⓘ	-25	-26	-29	-26	-42	8	-21	-37	-59	-69
Cash Flow From Investing Activity ⓘ +	-342	-1,530	-340	527	613	-959	-539	81	-904	-111
Capex	-608	-1,963	-410	-571	-32	-463	-368	-103	-348	-56
Net Investments	143	380	5	1,017	523	-533	-207	126	-661	-156
Others ⓘ	123	54	65	80	122	37	35	58	105	101
Cash Flow From Financing Activity ⓘ +	-804	1,284	-638	-701	-1,411	-102	-983	-1,623	-973	-1,442
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-254	1,586	-216	-182	-605	158	-329	-973	-311	-739
Interest Paid ⓘ	-189	-197	-311	-323	-320	-250	-250	-219	-196	-182
Dividend Paid ⓘ	-312	-54	-98	-109	-160	-40	-198	-360	-493	-501
Others ⓘ	-48	-51	-13	-88	-326	30	-206	-71	27	-21
Net Cash Flow ⓘ	-88	473	-453	499	344	284	-369	1,157	496	656

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	12.95	12.3	3.08	-0.38	5.54	18.45	12.81	31.17	24.55	19.39
ROCE (%)	10.59	10.4	5.2	3.82	7.15	14.27	10.75	25.15	21.96	18.65
Asset Turnover Ratio	0.22	0.17	0.19	0.25	0.28	0.26	0.26	0.42	0.32	0.27
PAT to CFO Conversion(x)	1.71	1.2	3.28	N/A	4.06	1.3	1.42	1.15	1.02	1.02
Working Capital Days
Receivable Days	21	15	18	25	29	28	23	25	39	32
Inventory Days	7	9	14	16	17	17	17	9	11	13
Payable Days	0	0	0	0	0	0	0	0	0	0

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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The Great Eastern Shipping Company Ltd (GESHIP) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

GE Shipping Share Price