Great Eastern Shipping Company Ltd

GE Shipping Co Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Great Eastern Shipping Company Ltd

₹ 1,089 1.28%
22 Nov - close price
greatship.com BSE: 500620 NSE: GESHIP
About

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

Key Points

Overview[1]
GE Shipping was founded in 1948 with the purchase of a Liberty ship. As of FY24, GES is India’s largest private sector shipping company, owning and operating 43 ships and 23 offshore assets.

Website BSE NSE
  • Market Cap ₹ 15,541 Cr.
  • Current Price ₹ 1,089
  • High / Low ₹ 1,544 / 803
  • Stock P/E 6.35
  • Book Value ₹ 791
  • Dividend Yield 2.65 %
  • ROCE 19.9 %
  • ROE 22.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 122% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.1%

Cons

  • Tax rate seems low

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Shipping Industry: Shipping

Part of BSE Services BSE 500 BSE SmallCap Select Index BSE 400 MidSmallCap Index Nifty 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
723 759 723 1,163 1,245 1,213 1,213 1,041 972 996 1,155 1,153 1,011
327 343 382 549 524 465 460 363 459 424 428 448 483
Operating Profit 396 416 341 614 722 748 753 678 514 572 727 705 528
OPM % 55% 55% 47% 53% 58% 62% 62% 65% 53% 57% 63% 61% 52%
65 15 17 2 157 48 55 68 209 114 168 157 242
Interest 62 60 81 71 67 64 57 49 53 50 45 44 44
Depreciation 118 117 86 114 115 117 104 113 119 125 98 127 133
Profit before tax 282 254 192 430 697 615 646 583 551 511 752 691 592
Tax % 3% 0% 3% 0% 1% 2% 2% 3% 3% 4% 3% 3% 5%
273 253 186 428 688 604 632 566 536 488 727 668 565
EPS in Rs 18.59 17.20 13.05 30.00 48.17 42.28 44.29 39.67 37.51 34.17 50.90 46.81 39.57
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,735 1,493 1,734 1,972 1,704 2,061 2,651 2,871 2,674 2,832 4,835 4,165 4,315
1,304 999 1,170 1,002 963 1,206 2,035 1,977 1,161 1,424 1,998 1,674 1,784
Operating Profit 431 493 564 970 741 855 616 894 1,513 1,408 2,837 2,491 2,532
OPM % 25% 33% 33% 49% 44% 41% 23% 31% 57% 50% 59% 60% 59%
299 288 276 138 521 132 248 220 219 134 261 559 681
Interest 209 213 189 183 247 328 362 318 227 276 259 198 184
Depreciation 363 359 319 288 374 491 509 477 439 436 450 455 484
Profit before tax 157 209 333 637 641 167 -6 320 1,066 831 2,389 2,397 2,545
Tax % 7% 2% 5% 3% 6% 4% 201% 12% 3% 2% 2% 3%
146 205 317 618 601 160 -19 281 1,030 812 2,352 2,316 2,448
EPS in Rs 9.60 13.58 21.04 41.01 39.89 10.62 -1.29 19.10 70.09 56.83 164.74 162.25 171.45
Dividend Payout % 78% 66% 52% 33% 25% 68% -418% 42% 13% 17% 17% 22%
Compounded Sales Growth
10 Years: 11%
5 Years: 9%
3 Years: 16%
TTM: -3%
Compounded Profit Growth
10 Years: 30%
5 Years: 122%
3 Years: 30%
TTM: 5%
Stock Price CAGR
10 Years: 11%
5 Years: 29%
3 Years: 51%
1 Year: 32%
Return on Equity
10 Years: 13%
5 Years: 18%
3 Years: 22%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 152 151 151 151 151 151 151 147 147 143 143 143 143
Reserves 4,848 4,656 4,780 4,469 5,011 5,075 4,915 4,920 5,951 6,429 8,377 10,204 11,145
3,626 3,312 3,069 2,878 4,432 4,223 4,104 3,602 3,721 3,434 2,536 2,230 2,050
1,119 1,271 1,336 1,357 1,154 1,090 1,171 1,337 1,025 963 970 1,036 1,010
Total Liabilities 9,745 9,390 9,336 8,855 10,748 10,538 10,341 10,006 10,845 10,969 12,026 13,612 14,347
4,489 4,442 4,258 3,666 5,594 5,542 5,536 5,196 5,369 5,427 5,149 5,211 5,624
CWIP 20 141 226 328 22 8 13 109 24 24 27 38 8
Investments 3,692 2,791 2,815 2,564 2,543 2,436 2,156 2,557 2,977 2,706 2,958 3,316 3,427
1,545 2,016 2,037 2,297 2,588 2,551 2,636 2,144 2,475 2,812 3,893 5,047 5,289
Total Assets 9,745 9,390 9,336 8,855 10,748 10,538 10,341 10,006 10,845 10,969 12,026 13,612 14,347

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
501 429 530 1,057 719 524 674 1,142 1,344 1,153 2,699 2,372
394 -131 498 -324 -1,545 -316 504 696 -977 -521 125 -887
-710 -909 -650 -804 1,284 -638 -701 -1,411 -102 -983 -1,623 -973
Net Cash Flow 184 -610 378 -70 458 -429 476 428 265 -351 1,201 512

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 24 10 28 17 10 28 28 32 21 27 34 38
Inventory Days
Days Payable
Cash Conversion Cycle 24 10 28 17 10 28 28 32 21 27 34 38
Working Capital Days -272 -373 -322 -247 -286 -100 -142 -27 -11 3 12 16
ROCE % 3% 4% 6% 10% 9% 5% 3% 6% 13% 11% 24% 20%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
29.21% 30.06% 30.07% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08% 30.08%
20.64% 21.94% 22.06% 23.92% 25.07% 25.94% 26.18% 27.30% 26.75% 27.41% 24.51% 24.64%
21.83% 20.36% 20.64% 18.58% 17.13% 17.04% 16.66% 15.91% 16.39% 16.60% 17.36% 15.68%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
28.31% 27.63% 27.21% 27.41% 27.71% 26.93% 27.08% 26.72% 26.76% 25.91% 28.05% 29.59%
No. of Shareholders 80,76375,42871,25173,12679,34279,04185,12195,75798,0471,00,2511,24,0751,93,919

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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Credit ratings

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