Great Eastern Shipping Company logo

Great Eastern Shipping Company

GESHIP NSE

Key Fundamentals

SmallcapShippingTransport Services
Market Cap
₹19,952 Cr
Volatility
Moderate
P/E Ratio
5.38
EBITDA
₹4,051 Cr
Return on Equity
17.35%
Debt to Equity
0.06
Book Value
₹1,188.12
EPS
₹199.62
52W High
₹1,798
52W Low
₹971.1

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

5
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.19 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 18.3%

Weaknesses

2
  • The company has delivered a poor sales growth of 10.2% over past five years.
  • Tax rate seems low

Growth Rate

Revenue Growth
2.53% higher than 3Y
Net Income Growth
25.52% higher than 3Y
Cash Flow Change
7.8% higher than 3Y
ROE
5.54% lower than 3Y
ROCE
5.3% higher than 3Y
EBITDA Margin (Avg.)
12.54% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Great Eastern Shipping Company Ltd trades at a market cap of ₹19,650 Cr with a PE of 5.2x and PB of 1.16x, reflecting a deep value profile. TTM profit growth of 126% is striking, though 3-year compounded sales growth is negative at -2%, highlighting the cyclical nature of the shipping business. The company is virtually debt-free with a 3-year average ROE of 17%, but revenue growth has been inconsistent over longer periods.

Bull Case 8
  • PE ratio of 5.2x is significantly below market averages, suggesting the stock is priced at a steep discount to earnings
  • Company is almost debt-free, providing significant balance sheet resilience in a capital-intensive shipping industry
  • TTM compounded profit growth of 126% indicates a sharp earnings recovery driven by elevated freight rates
  • 3-year and 5-year ROE of 17% demonstrates consistent and healthy return generation on shareholder equity
  • Stock has delivered a 1-year CAGR of 45% and 5-year CAGR of 31%, reflecting strong price momentum across multiple timeframes
  • PB ratio of 1.16x means the stock trades close to book value, offering a margin of safety relative to tangible asset backing in a fleet-heavy business
  • Dividend payout ratio of 18.3% with a yield of 1.05% shows the company returns cash to shareholders even in a cyclical industry
  • 5-year compounded profit CAGR of 24% indicates meaningful earnings compounding over a medium-term horizon
Bear Case 8
  • 5-year compounded sales growth of only 10% and 3-year sales CAGR of -2% reflect weak and inconsistent top-line performance
  • Shipping is a deeply cyclical sector — the 126% TTM profit surge may reflect a freight rate peak rather than sustainable earnings growth
  • 10-year compounded sales growth of just 4% suggests the business has limited structural revenue growth drivers over long periods
  • Low reported tax rate raises questions about the sustainability of effective tax benefits and the quality of reported net profit
  • 10-year ROE averages only 12%, indicating that through-cycle returns are materially lower than recent 16-17% levels
  • Dividend yield of 1.05% is modest despite the company being nearly debt-free, suggesting limited capital return relative to earnings capacity at a 5.2x PE
  • 3-year compounded profit growth of 0% shows that earnings were flat over FY21-FY24, with the recent surge potentially masking a volatile earnings trajectory
  • 10-year stock CAGR of 14% trails the broader market indices over the same period, reflecting the sector's structural underperformance in investor returns

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Positives 2
  • ₹900Cr buyback underway Sep 7

    Great Eastern Shipping bought back 2,65,000 shares on Sep 7 at avg ₹1,371.67, well below the ₹1,530 cap. Cumulative repurchases stand at 3,98,517 shares since the program opened on Sep 4, 2026.

  • Kamsarmax carrier acquisition Sep 8

    Company contracted to acquire a 2019-built 81,609 DWT Kamsarmax dry bulk carrier, scheduled to join the fleet in Q3FY27, expanding capacity.

Neutral 1
  • Investor meet scheduled Aug 20

    Great Eastern Shipping will host an investor and analyst meet on Sep 3, 2026 in Mumbai as part of the Elara Capital Conference.

TL;DR: Great Eastern Shipping is in an active capital-return and fleet-renewal phase, with a ₹900 crore buyback program running and a Kamsarmax carrier acquisition adding capacity for Q3FY27. No notable headwinds emerged in recent news. The buyback signals management confidence in the stock's valuation, while fleet expansion positions the company for sustained freight earnings. Outlook appears stable to positive, though global shipping rate trends remain a key variable to watch.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,284
1,229
1,245
1,497
1,508
1,354
1,237
1,223
1,201
1,242
1,454
1,511
2,005
Expenses
492
586
595
561
597
701
626
721
559
514
619
570
668
Operating Profit
792
643
650
937
911
654
611
502
643
728
836
941
1,338
OPM %
62%
52%
52%
63%
60%
48%
49%
41%
54%
59%
57%
62%
67%
Other Income
51
232
151
229
195
225
264
150
135
140
282
346
281
Interest
62
77
67
59
61
64
61
51
45
44
25
23
20
Depreciation
180
187
194
166
197
206
205
205
197
224
246
222
234
PBT
601
612
540
942
848
610
608
396
536
601
847
1,043
1,365
Tax %
4%
3%
0%
4%
4%
6%
2%
8%
6%
3%
4%
0%
4%
Net Profit
576
595
538
905
812
576
594
363
504
581
813
1,044
1,309
EPS in Rs
40.36
41.65
37.7
63.4
56.87
40.32
41.58
25.43
35.34
40.72
56.91
73.13
91.68
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,438
3,808
3,117
3,038
3,547
3,687
3,337
3,509
5,690
5,255
5,323
5,409
6,213
Expenses
2,005
1,823
1,686
1,838
2,480
2,470
1,683
1,969
2,563
2,234
2,646
2,261
2,370
Operating Profit
1,433
1,985
1,431
1,200
1,067
1,217
1,653
1,540
3,128
3,022
2,677
3,148
3,843
OPM %
42%
52%
46%
40%
30%
33%
50%
44%
55%
58%
50%
58%
62%
Other Income
276
119
506
102
269
211
232
148
481
664
834
903
1,049
Interest
301
288
378
455
521
450
242
370
343
265
236
136
111
Depreciation
610
608
678
769
773
743
700
698
712
726
813
889
926
PBT
798
1,208
882
79
42
235
943
620
2,554
2,694
2,462
3,026
3,855
Tax %
6%
9%
14%
367%
151%
12%
3%
-2%
-1%
3%
5%
3%
—
Net Profit
748
1,097
755
-210
-21
207
919
630
2,575
2,614
2,344
2,943
3,747
EPS in Rs
49.63
72.76
50.07
-13.96
-1.42
14.09
62.5
44.09
180
183
164
206
262
Div. Payout %
22%
19%
20%
-52%
-380%
57%
14%
22%
16%
20%
18%
17%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
151
151
151
151
151
147
147
143
143
143
143
143
Reserves
7,280
6,413
7,073
6,777
6,659
6,649
7,557
7,909
10,133
12,255
14,116
16,820
Borrowings
6,540
5,759
6,816
6,213
5,999
5,295
5,047
4,655
3,649
3,048
2,163
1,087
Other Liabilities
1,565
1,610
1,363
1,523
1,562
1,742
1,394
1,262
1,284
1,362
1,233
1,411
Total Liabilities
15,535
13,933
15,402
14,664
14,370
13,833
14,145
13,969
15,209
16,808
17,656
19,460
Fixed Assets
10,888
8,925
10,304
9,809
9,617
9,123
9,042
8,877
8,450
8,329
8,247
9,339
CWIP
227
328
22
13
14
123
24
24
35
59
21
46
Investments
1,250
912
875
856
601
963
1,350
1,157
1,510
1,970
2,289
2,392
Other Assets
3,170
3,768
4,201
3,986
4,138
3,624
3,729
3,910
5,215
6,450
7,099
7,684
Total Assets
15,535
13,933
15,402
14,664
14,370
13,833
14,145
13,969
15,209
16,808
17,656
19,460
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,445
2,151
1,522
969
1,096
1,481
1,534
1,323
2,975
2,808
2,647
2,854
Investing
-725
-440
-1,548
-412
429
622
-882
-337
39
-868
-148
-860
Financing
-228
-1,677
713
-1,158
-1,020
-1,872
-505
-1,189
-1,893
-1,330
-1,675
-1,769
Net Cash Flow
491
34
687
-602
505
230
147
-203
1,120
610
824
225
Free Cash Flow
210
1,588
-389
498
481
1,385
1,013
911
2,776
2,373
2,472
1,276
CFO/OP
105
115
115
90
110
127
93
85
95
94
102
93
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
36
30
24
30
31
34
30
33
37
45
33
43
Cash Conversion Cycle
36
30
24
30
31
34
30
33
37
45
33
43
Working Capital Days
-211
-161
-207
-163
-132
-36
-67
-55
-16
-16
-21
33
ROCE %
8%
11%
8%
4%
4%
4%
9%
7%
21%
19%
14%
16%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Great Eastern Shipping Company insights

60 extracted metrics + investor summaries across FY00–FY27.

Log in — free

Shareholding Pattern

FIIs31.03%Promot.30.07%Others4.35%DIIs12.81%Public21.73%As ofJun 2026

Documents

Frequently Asked Questions about Great Eastern Shipping Company

What does Great Eastern Shipping Company Ltd do?
Great Eastern Shipping Company Ltd, along with its subsidiaries is a major player in the Indian shipping and Oil drilling services industry.[1]
Where is Great Eastern Shipping Company Ltd (GESHIP) listed?
Great Eastern Shipping Company Ltd trades as GESHIP on the NSE and under code 500620 on the BSE.
Which sector does Great Eastern Shipping Company Ltd belong to?
Great Eastern Shipping Company Ltd is classified under the Transport Services sector, in the Shipping industry.
What is the market capitalisation of Great Eastern Shipping Company Ltd?
Great Eastern Shipping Company Ltd has a market capitalisation of ₹19,952 Cr, which places it in the Mid Cap band.
What is the PE ratio of Great Eastern Shipping Company Ltd?
Great Eastern Shipping Company Ltd trades at a PE ratio of 5.38, on earnings per share of ₹199.62, against a book value of ₹1,188.12 per share.
What is the 52-week high and low of Great Eastern Shipping Company Ltd?
Over the last 52 weeks Great Eastern Shipping Company Ltd has traded between ₹971.1 and ₹1,798.
Does Great Eastern Shipping Company Ltd pay dividends?
Great Eastern Shipping Company Ltd has a dividend yield of 1.03%.
What is the Return on Equity (ROE) of Great Eastern Shipping Company Ltd?
Great Eastern Shipping Company Ltd reported a return on equity of 17.35%. Its debt-to-equity ratio is 0.06.

Company Information

Great Eastern Shipping Company Ltd, along with its subsidiaries is a major player in the Indian shipping and Oil drilling services industry.[1]

Website greatship.com
CEO Mr. Bharat Kanaiyalal Sheth
Employees 240
Listed 2006-11-27
Face Value ₹ 10
Issued Size 14,27,67,161

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/GESHIP.md for Great Eastern Shipping Company Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our MCP server.

Explore More

More in Transport Services → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List