Skip to content
Great Eastern Shipping Company logo

Great Eastern Shipping Company

GESHIP NSE
₹1,571.80 No trade today
P/E
5.99
View as Markdown
MCP
Close 4 Nov 2026 ₹1,571.80 +522.30 +49.8% 1Y
Start ₹1,049.50

Key Fundamentals

SmallcapTransport ServicesServices

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
15.80%
Debt to Equity
0.06
EPS (TTM)
₹262.44
Book Value
₹1,188.12
Market Cap
—
P/E (TTM)
5.99
P/B
1.32
ROE
15.90%
Dividend Yield
0.94%
EBITDA
₹4,051 Cr
52W High
₹1,798.00
52W Low
₹1,035.10
Volume
0

Peer Comparison

Services › Transport Services › Shipping

Great Eastern Shipping Company peer comparison
Great Eastern Shipping Company (this company)
₹1,571.805.99₹21,976 Cr1.320.94%15.90%15.80%₹6,213 Cr₹3,747 Cr
Shreeji Shipping Global
₹871.1588.89₹13,897 Cr18.460.12%29.90%27.90%₹757 Cr₹159 Cr
Shipping Corporation of India
₹268.077.72₹12,216 Cr1.372.90%15.00%13.90%₹6,310 Cr₹1,618 Cr
Seamec
₹1,547.4015.32₹3,998 Cr3.020.13%21.20%19.70%₹1,038 Cr₹259 Cr
ABS Marine Services
₹285.70—₹700 Cr2.250.00%29.00%20.70%——
Essar Shipping
₹17.34—₹357 Cr—0.00%——₹0 Cr₹90 Cr
Transworld Shipping Lines
₹160.32—₹346 Cr0.520.96%−10.80%−4.53%₹510 Cr−₹36 Cr
Median 7 companies₹285.7011.52₹3,998 Cr1.810.13%18.55%17.75%₹898 Cr₹209 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

65 Good

Data confidence 100/100

Category scores

Quality
78
Strong
Returns, margins, earnings quality 22% weight
Valuation
74
Strong
Cheap vs sector & own history 24% weight
Growth
63
Good
Sales & profit trajectory 9% weight
Financial Health
86
Strong
Solvency, leverage, coverage 9% weight
Momentum
67
Strong
Trend strength, vol-adjusted 12% weight
Ownership
28
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • 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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish1612
OscillatorsBullish162
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
56.46
Neutral
MACD (12,26,9)
26.80
Bearish
SMA (50)
1,469.08
Bullish
SMA (200)
1,411.12
Bullish

As of

Analyst Rating

Based on 3 analysts
BUY100%

3 of 3 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
3
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+3.57%
5Y+10.14%
3Y−1.67%
1Y+1.62%
TTM+23.87%

Net profit

Net profit growth by window
10Y+10.37%
5Y+26.21%
3Y+4.55%
1Y+25.55%
TTM+83.95%

Operating cash flow

Operating cash flow growth by window
10Y+2.87%
5Y+13.22%
3Y−1.37%
1Y+7.82%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+6.07 pp
5Y+8.66 pp
3Y+3.23 pp
1Y+7.91 pp
TTM+13.80 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹3,117 Cr
Mar 2018₹3,038 Cr
Mar 2019₹3,547 Cr
Mar 2020₹3,687 Cr
Mar 2021₹3,337 Cr
Mar 2022₹3,509 Cr
Mar 2023₹5,690 Cr
Mar 2024₹5,255 Cr
Mar 2025₹5,323 Cr
Mar 2026₹5,409 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹755 Cr
Mar 2018−₹210 Cr
Mar 2019−₹21.00 Cr
Mar 2020₹207 Cr
Mar 2021₹919 Cr
Mar 2022₹630 Cr
Mar 2023₹2,575 Cr
Mar 2024₹2,614 Cr
Mar 2025₹2,344 Cr
Mar 2026₹2,943 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹4,704 Cr +16.1% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 28 Oct 2026
AI opinion · based on fundamentals
Risk high

As of 2026-10-28, Great Eastern Shipping Company trades at ₹1,559.9 with a market cap of ₹22,270 Cr, a PE of 5.94x, and a near debt-free balance sheet (D/E of 0.06). The stock has delivered a 46% return over the past year and sits roughly 13% below its 52-week high of ₹1,798, with TTM profit growth of 126% but a modest 5-year sales CAGR of 10%.

Bull Case 8
  • Extremely low valuation with a TTM PE of just 5.94x against an EPS of ₹262.44, suggesting the market is pricing in significant earnings risk despite strong recent profitability
  • Virtually debt-free balance sheet with a debt-to-equity ratio of 0.06, providing financial resilience through cyclical downturns in the shipping industry
  • TTM profit growth of 126% indicates a sharp earnings recovery, with EPS at ₹262.44 reflecting robust freight rate realisation in the trailing period
  • Consistent return on equity of 17% over 3 years and 17% over 5 years, with ROCE at 17.49%, demonstrating disciplined capital allocation through cycles
  • Stock CAGR of 33% over 5 years and 22% over 3 years reflects sustained long-term wealth creation for shareholders
  • TTM sales growth of 24% marks a meaningful acceleration after a negative 3-year compounded sales growth of -2%, suggesting a favourable freight rate environment
  • Healthy dividend payout ratio of 18.3% with a current yield of 0.93%, providing some income return alongside a low-leverage balance sheet
  • Price-to-book ratio of 1.31x is modest for a company generating 17.35% ROE, implying limited premium to tangible asset value
Bear Case 8
  • Shipping is inherently cyclical — the 3-year compounded sales CAGR of -2% and flat 3-year profit CAGR of 0% illustrate how quickly earnings can reverse when freight rates normalise
  • Poor 5-year sales growth of only 10.2% and a 10-year sales CAGR of just 4% suggest limited structural top-line expansion, with earnings largely driven by freight rate swings rather than volume growth
  • The low effective tax rate flagged in known concerns could normalise upward, compressing net margins and reducing the ₹262.44 TTM EPS
  • The stock is already up 46% over the past year and 33% CAGR over 5 years, meaning much of the cyclical upswing may already be reflected in the current price of ₹1,559.9
  • 10-year ROE averages only 12%, well below the recent 3-year average of 17%, highlighting how profitability reverts during weak freight cycles
  • Dividend yield of 0.93% at current price is relatively modest despite the company's strong cash generation, limiting the income cushion if capital appreciation stalls
  • Market cap of ₹22,270 Cr in a capital-intensive sector means the company faces ongoing fleet renewal capex requirements that could strain future free cash flows even with low current debt
  • The stock sits about 13% below its 52-week high of ₹1,798 but roughly 51% above its 52-week low of ₹1,035.1, indicating it has re-rated substantially and is no longer at distressed valuations

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

AI News Digest

9h ago

TL;DR: Great Eastern Shipping is actively growing its fleet while simultaneously returning capital to shareholders through a steady buyback programme. The Nov 4 Kamsarmax addition and near-full capacity utilization signal strong operational momentum, and the pipeline of three more vessels points to continued expansion. No material headwinds emerged in the recent news cycle. The key watch items going forward are freight-rate trends and execution on the remaining vessel deliveries.

Positives 1
  • Fleet expands to 41 vessels Nov 4

    Acquired 2015-built Kamsarmax 'Jag Amit' (81,886 dwt) on Nov 4, lifting the owned fleet to 41 vessels at 3.33 mn dwt with near-100% capacity utilization. Two more secondhand vessels and one newbuilding Suezmax tanker remain in the pipeline.

Neutral 3
  • 19.9 lakh shares extinguished post-buyback Nov 4

    Extinguished 19,89,553 equity shares bought back in October 2026, reducing paid-up capital to ₹138.9 crore and total shares outstanding to 13,89,18,667.

  • Ongoing buyback hits 38.48 lakh shares Nov 3

    Purchased 200 shares on Nov 3 at ₹1,530.00 per share, taking cumulative buyback to 38,48,694 shares acquired solely on NSE.

  • ESG score of 61 for FY26 Oct 15

    Received an overall ESG score of 61 for FY26, assessed independently using public domain data.

Quarterly Results

₹ Cr
GESHIP quarterly results, ₹ crore
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 (₹)
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

Profit & Loss

₹ Cr
GESHIP profit and loss, annual, ₹ crore
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 (₹)
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%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
57%
14%
22%
16%
20%
18%
17%
—

Balance Sheet

₹ Cr
GESHIP balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
GESHIP cash flow, annual, ₹ crore
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

Ratios

GESHIP financial ratios, annual
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

62 extracted metrics across FY00–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 30.07%
  • FIIs 29.52%
  • Public 22.67%
  • DIIs 11.62%
  • Others 6.12%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

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.
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 PE ratio of Great Eastern Shipping Company Ltd?
Great Eastern Shipping Company Ltd trades at a PE ratio of 5.99 as of 4 Nov 2026, on earnings per share of ₹262.44, 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 ₹1,035.1 and ₹1,798 as of 4 Nov 2026.
Does Great Eastern Shipping Company Ltd pay dividends?
Great Eastern Shipping Company Ltd has a dividend yield of 0.94%.
What is the Return on Equity (ROE) of Great Eastern Shipping Company Ltd?
Great Eastern Shipping Company Ltd reported a return on equity of 15.90%. 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.

Website greatship.com
CEO Mr. Bharat Kanaiyalal Sheth
Employees 240
Listed 27 Nov 2006
Face Value ₹10

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: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

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 Indian stock market MCP server.

Explore More

More Logistics stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month