The Great Eastern Shipping Company Ltd.
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ABOUT
AI Sector View
AI GENERATEDServices
Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.
PROS
- Company is almost debt free
- Company has a good return on equity (ROE) track record: 3 Years ROE 20.7%
- Latest quarter profit grew 197.9% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.97x)
- Company comfortably covers its interest (24.2x coverage)
- Company has a consistent dividend-paying track record
CONS
- A large part of profit comes from other income (48.1% of PBT)
- Receivables are growing faster than sales - a possible quality concern
- Effective tax rate is unusually low at 2.9% - earnings may be flattered
- Operating margins have contracted to 53.5% from 64.1%
- Company has delivered a poor sales growth of 6.5% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GESHIP | 1399.95 | 5.33 | 19986.69 | 2.51 | 1308.84 | 159.43 | 2005.36 | 66.91 | 18.37 | 66.71 |
| SCI | 285.10 | 8.21 | 13279.93 | 2.63 | 619.34 | 74.87 | 1846.56 | 40.31 | 14.64 | 45.35 |
| SHREEJISPG | 712.55 | 72.66 | 11608.74 | 0.00 | 44.29 | 19.03 | 208.85 | 29.57 | 33.77 | 29.54 |
| SEAMECLTD | 1778.15 | 17.60 | 4520.95 | 0.11 | 81.34 | 7.32 | 296.92 | 40.77 | 10.08 | 41.74 |
| DREDGECORP | 1030.75 | 76.87 | 2886.10 | 0.00 | 11.23 | 148.16 | 355.43 | 46.72 | 4.28 | 17.41 |
| SCILAL | 38.34 | 62.66 | 1785.87 | 1.43 | 140.20 | -2.23 | 78.60 | 37.65 | 1.31 | -13.74 |
| ESSARSHPNG | 16.06 | 3.65 | 332.40 | 0.00 | 230.41 | 742.14 | 0.04 | -97.63 | 0.00 | -7475.00 |
| GLOBOFFS | 45.01 | 0.00 | 138.50 | 0.00 | -2.87 | -51.27 | 11.79 | 177.29 | 4.19 | 35.10 |
| HRYNSHP | 101.80 | 15.21 | 62.78 | 0.00 | 4.42 | 546.41 | 0.00 | — | 3.20 | — |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,041 | 972 | 996 | 1,155 | 1,153 | 1,011 | 878 | 787 | 803 | 853 | 963 | 1,041 | 1,554 | |
| 367 | 459 | 424 | 436 | 450 | 500 | 352 | 473 | 355 | 425 | 348 | 314 | 625 | |
| Operating Profit | 674 | 514 | 572 | 719 | 703 | 511 | 527 | 314 | 447 | 428 | 615 | 727 | 929 |
| OPM % | 64.75% | 52.84% | 57.42% | 62.28% | 60.98% | 50.55% | 59.98% | 39.85% | 55.72% | 50.23% | 63.84% | 69.81% | 59.80% |
| 72 | 209 | 114 | 175 | 159 | 259 | 348 | 136 | 125 | 232 | 259 | 291 | 265 | |
| Interest | 49 | 53 | 50 | 45 | 44 | 44 | 44 | 35 | 31 | 27 | 25 | 22 | 19 |
| Depreciation | 113 | 119 | 125 | 98 | 127 | 133 | 133 | 134 | 125 | 149 | 171 | 149 | 166 |
| Profit before Tax | 583 | 551 | 511 | 752 | 691 | 592 | 698 | 281 | 417 | 484 | 678 | 846 | 1,195 |
| Tax % | 2.91% | 2.81% | 4.47% | 3.32% | 3.24% | 4.62% | 2.81% | 9.52% | 6.91% | 5.08% | 3.66% | -1.02% | 3.14% |
| Net Profit | 566 | 536 | 488 | 727 | 668 | 565 | 679 | 254 | 388 | 460 | 654 | 855 | 1,157 |
| 39.67 | 37.51 | 34.17 | 50.90 | 46.81 | 39.57 | 47.53 | 17.82 | 27.21 | 32.19 | 45.78 | 59.88 | 81.05 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,704 | 2,061 | 2,651 | 2,871 | 2,674 | 2,832 | 4,835 | 4,165 | 3,830 | 3,659 | 4,410 | |
| 1,009 | 1,412 | 2,049 | 2,055 | 1,477 | 1,607 | 2,154 | 1,792 | 1,855 | 1,702 | 1,712 | |
| Operating Profit | 695 | 649 | 602 | 816 | 1,197 | 1,225 | 2,681 | 2,373 | 1,974 | 1,957 | 2,699 |
| OPM % | 40.80% | 31.47% | 22.72% | 28.41% | 44.76% | 43.27% | 55.44% | 56.97% | 51.55% | 53.48% | 61.19% |
| 567 | 338 | 262 | 298 | 560 | 275 | 417 | 677 | 983 | 1,168 | 1,048 | |
| Interest | 247 | 328 | 362 | 318 | 252 | 234 | 259 | 198 | 168 | 105 | 93 |
| Depreciation | 374 | 491 | 509 | 477 | 439 | 436 | 450 | 455 | 527 | 594 | 635 |
| Profit before Tax | 641 | 167 | -6 | 320 | 1,066 | 831 | 2,389 | 2,397 | 2,262 | 2,426 | 3,204 |
| Tax % | 6.24% | 4.19% | -200.93% | 12.16% | 3.35% | 2.27% | 1.53% | 3.35% | 4.25% | 2.87% | 2.45% |
| Net Profit | 601 | 160 | -19 | 281 | 1,030 | 812 | 2,352 | 2,316 | 2,166 | 2,356 | 3,125 |
| EPS | 39.81 | 10.60 | -1.29 | 18.85 | 69.96 | 55.31 | 164.41 | 162.24 | 151.73 | 165.05 | — |
| Dividend Payout % | 25.32% | 67.77% | -418.18% | 42.41% | 12.84% | 17.41% | 17.48% | 22.37% | 19.57% | 21.27% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 6%
- 5 Years:
- 6%
- 3 Years:
- -9%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 14%
- 5 Years:
- 18%
- 3 Years:
- 0%
STOCK PRICE CAGR
- 10 Years:
- 15%
- 5 Years:
- 32%
- 3 Years:
- 21%
- 1 Year:
- 43%
RETURN ON EQUITY
- 10 Years:
- 15%
- 5 Years:
- 21%
- 3 Years:
- 21%
- Last Year:
- 18%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 151 | 151 | 151 | 147 | 147 | 143 | 143 | 143 | 143 | 143 |
| 5,011 | 5,075 | 4,915 | 4,920 | 5,951 | 6,429 | 8,377 | 10,204 | 11,850 | 13,787 | |
| 4,247 | 4,459 | 4,027 | 4,213 | 3,912 | 3,491 | 2,529 | 2,438 | 1,741 | 1,284 | |
| Trade Payables | 123 | 186 | 227 | 269 | 221 | 288 | 271 | 361 | 180 | 207 |
| 1,216 | 666 | 1,021 | 457 | 614 | 618 | 706 | 466 | 851 | 962 | |
| Total Liabilities | 10,748 | 10,538 | 10,341 | 10,006 | 10,845 | 10,969 | 12,026 | 13,612 | 14,764 | 16,382 |
| 5,594 | 5,542 | 5,536 | 5,196 | 5,369 | 5,427 | 5,149 | 5,211 | 5,263 | 6,486 | |
| Capital Work in Progress | 22 | 8 | 13 | 109 | 24 | 23 | 27 | 30 | 12 | 40 |
| 2,543 | 2,436 | 2,156 | 2,557 | 2,977 | 2,706 | 2,958 | 3,316 | 3,734 | 3,827 | |
| 60 | 96 | 135 | 132 | 122 | 139 | 110 | 148 | 129 | 151 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 438 | 239 | 314 | |
| Cash & Bank | 2,198 | 1,915 | 1,827 | 1,403 | 1,849 | 2,036 | 2,915 | 3,885 | 4,419 | 3,744 |
| 330 | 540 | 674 | 609 | 504 | 637 | 868 | 585 | 968 | 1,820 | |
| Total Assets | 10,748 | 10,538 | 10,341 | 10,006 | 10,845 | 10,969 | 12,026 | 13,612 | 14,764 | 16,382 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 745 | 553 | 700 | 1,184 | 1,336 | 1,174 | 2,736 | 2,372 | 2,209 | 2,037 | |
| Cash from Investing | -1,530 | -340 | 527 | 613 | -959 | -539 | 81 | -904 | -111 | -1,123 |
| Cash from Financing | 1,284 | -638 | -701 | -1,411 | -102 | -983 | -1,623 | -973 | -1,442 | -1,054 |
| 473 | -453 | 499 | 344 | 284 | -369 | 1,157 | 496 | 656 | -141 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-08 - The Great Eastern Shipping Company Limited has informed the Exchange regarding a press release dated September 08, 2026, titled "We wish to inform you that the Company has contracted to buy a secondhand Kamsarmax Dry Bulk carrier of about 81,609 dwt on September 08, 2026. The 2019 built vessel is expected to join the Company s fleet in Q3 FY27.".
2026-09-03 - The Great Eastern Shipping Company Limited has informed the Exchange about Commencement of Buyback on September 04, 2026
2026-09-02 - The Great Eastern Shipping Company Limited has informed the Exchange about that the Company has, on September 01, 2026, sent an intimation through electronic mode regarding the open market buyback offer to all its shareholders as on the date of making the Public Announcement
2026-08-31 - The Great Eastern Shipping Company Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-31 - The Great Eastern Shipping Company Limited has informed the Exchange about Board Resolution pertaining to Buyback
2026-08-31 - The Great Eastern Shipping Company Limited has informed the Exchange about public Announcement - Buyback of Shares
2026-08-27 - The Great Eastern Shipping Company Limited has informed the Exchange regarding Outcome of Board Meeting held on August 27, 2026.
2026-08-24 - The Great Eastern Shipping Company Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-08-20 - The Great Eastern Shipping Company Limited has informed the Exchange about Schedule of meet
News
Recent coverage and analyst commentary for GESHIP
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