Great Eastern Shipping Company Ltd
GESHIPGreat Eastern Shipping Company Ltd
GESHIPPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
6.17 | 1.42 | 3.56% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
12.66 | 1.65 | 2.03% |
Forecast & Ratings
Detailed Forecast from 2 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
The Great Eastern Shipping Company is engaged in the business of providing shipping services like transportation of crude oil, petroleum products, gas and dry bulk commodities.
Peers
Compare with peersPetronet LNG Ltd
Aegis Logistics Ltd
Confidence Petroleum India Ltd
Reliance Industrial Infrastructure Ltd
Confidence Futuristic Energetech Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 3,926.49 | 3,622.76 | 3,140.57 | 3,829.89 | 3,897.85 | 3,568.37 | 3,669.12 | 6,171.14 | 5,918.70 | 6,287.09 | ||||||||||
Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,339.08 | ||||||||||
Power & Fuel Cost | 287.86 | 192.80 | 347.09 | 592.60 | 596.36 | 361.82 | 523.12 | 604.76 | 433.78 | |||||||||||
Employee Cost | 592.41 | 599.10 | 674.44 | 711.60 | 692.64 | 698.96 | 708.45 | 765.11 | 886.25 | |||||||||||
Selling & Administrative Expenses | 51.64 | 78.10 | 85.20 | 86.24 | 71.73 | 83.55 | 101.55 | 104.94 | 104.70 | |||||||||||
Operating & Other expenses | 891.20 | 815.65 | 731.19 | 1,103.46 | 1,109.04 | 538.79 | 648.30 | 1,088.00 | 808.82 | |||||||||||
EBITDA | 2,103.38 | 1,937.11 | 1,302.65 | 1,335.99 | 1,428.08 | 1,885.25 | 1,687.70 | 3,608.33 | 3,685.15 | 3,948.01 | ||||||||||
Depreciation/Amortization | 607.93 | 677.91 | 768.67 | 772.65 | 742.81 | 700.43 | 697.93 | 712.05 | 726.07 | 743.40 | ||||||||||
PBIT | 1,495.45 | 1,259.20 | 533.98 | 563.34 | 685.27 | 1,184.82 | 989.77 | 2,896.28 | 2,959.08 | 3,204.61 | ||||||||||
Interest & Other Items | 287.76 | 377.62 | 455.08 | 521.21 | 450.24 | 242.14 | 370.09 | 342.74 | 264.70 | 263.12 | ||||||||||
PBT | 1,207.69 | 881.58 | 78.90 | 42.13 | 235.03 | 942.68 | 619.68 | 2,553.54 | 2,694.38 | 2,941.49 | ||||||||||
Taxes & Other Items | 110.71 | 126.62 | 289.39 | 63.58 | 27.89 | 24.16 | -10.00 | -21.47 | 80.20 | 91.64 | ||||||||||
Net Income | 1,096.98 | 754.96 | -210.49 | -21.45 | 207.14 | 918.52 | 629.68 | 2,575.01 | 2,614.18 | 2,849.85 | ||||||||||
EPS | 72.75 | 50.07 | -13.96 | -1.42 | 13.91 | 62.50 | 43.46 | 180.36 | 183.10 | 199.61 | ||||||||||
DPS | 13.50 | 10.10 | 7.20 | 5.40 | 8.10 | 9.00 | 9.90 | 28.80 | 43.80 | 36.30 | ||||||||||
Payout ratio | 0.19 | 0.20 | — | — | 0.58 | 0.14 | 0.23 | 0.16 | 0.24 | 0.18 |
Company Updates
Peers & Comparison
EnergyOil & Gas - Storage & Transportation
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Great Eastern Shipping Company Ltd | 6.72 | 1.42 | 3.56% |
Petronet LNG Ltd | 14.20 | 2.98 | 2.89% |
Aegis Logistics Ltd | 45.25 | 5.77 | 0.44% |
Confidence Petroleum India Ltd | 25.52 | 2.04 | — |
Price Comparison
Compare GESHIP with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 1.72%
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Decreased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has decreased by 1.08%
Top 5 Mutual Funds holding Great Eastern Shipping Company Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
HDFC Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 3.8417% | Percentage of the fund’s portfolio invested in the stock 1.99% | Change in the portfolio weight of the stock over the last 3 months -0.40% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 7/92 (-2) |
Kotak Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.9484% | Percentage of the fund’s portfolio invested in the stock 1.87% | Change in the portfolio weight of the stock over the last 3 months -0.22% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 40/82 (-31) |
ICICI Prudential Value Discovery Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.0142% | Percentage of the fund’s portfolio invested in the stock 0.35% | Change in the portfolio weight of the stock over the last 3 months -0.07% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 29/92 (-3) |
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Events
Dividend Trend
Increasing Dividends
GESHIP has increased dividends consistently over the last 5 years
Dividend Yield
Current dividend yield is 3.50%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹34.99 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 13, 2024
Dividend/Share
₹9.00
Ex DateEx Date
Aug 13, 2024
Cash Dividend
Ex DateEx DateMay 22, 2024
Dividend/Share
₹10.80
Ex DateEx Date
May 22, 2024
Cash Dividend
Ex DateEx DateFeb 12, 2024
Dividend/Share
₹6.30
Ex DateEx Date
Feb 12, 2024
Cash Dividend
Ex DateEx DateNov 8, 2023
Dividend/Share
₹6.30
Ex DateEx Date
Nov 8, 2023
Cash Dividend
Ex DateEx DateAug 14, 2023
Dividend/Share
₹5.40
Ex DateEx Date
Aug 14, 2023
Great Eastern Shipping Company has delivered its 2011 built Supramax Dry Bulk Carrier 'Jag Rani' to the buyers. The vessel was contracted for sale in August 2024. Excluding Jag Rani, company's current fleet stands at 41 vessels, comprising 28 tankers (6 Crude carriers, 18 Product carriers, 4 LPG carriers) and 13 dry bulk carriers (2 Capesize, 8 Kamsarmax, 3 Supramax) aggregating 3.31 mn dwt. Additionally, the company has contracted to sell one Suezmax crude tanker in Sep 2024, which is due for delivery by Q3 FY25.Powered by Capital Market - Live
Great Eastern Shipping Company (G E Shipping) has contracted to sell its 2005 built Suezmax Crude Tanker, Jag Lalit of about 158,344 dwt on 13 September 2024 to an unaffiliated third party. The vessel will be delivered to the new buyer by Q3 FY25. Including Jag Lalit, company's current fleet stands at 43 vessels, comprising 29 tankers (6 crude carriers, 19 product tankers, 4 LPG carrier) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.41 mn dwt. Additionally, the company had contracted to sell one MR product tanker in July 2024 and one Supramax drybulk carrier in Aug 2024, which are due for deliveries by Q3 FY25.Powered by Capital Market - Live
Great Eastern Shipping Company delivered its 2004 built Medium Range Product Tanker 'Jag Pranam' to the buyers. The vessel was contracted for sale in May 2024. Excluding Jag Pranam, company's current fleet stands at 42 vessels, comprising 28 tankers (6 Crude carriers, 18 Product carriers, 4 LPG carriers) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.36 mn dwt. Additionally, we had contracted to sell one MR product tanker in July 2024 and buy one MR product tanker in June 2024, which are due for deliveries in CY 2024.Powered by Capital Market - Live
Great Eastern Shipping Company announced that the Board of Directors of the Company at its meeting held on 1 August 2024, inter alia, have recommended the interim dividend of Rs 9 per equity Share (i.e. 90%) , subject to the approval of the shareholders.Powered by Capital Market - Live
Great Eastern Shipping Company consolidated net profit rises 40.90% in the June 2024 quarter
Net profit of Great Eastern Shipping Company rose 40.90% to Rs 811.94 crore in the quarter ended June 2024 as against Rs 576.27 crore during the previous quarter ended June 2023. Sales rose 17.49% to Rs 1508.23 crore in the quarter ended June 2024 as against Rs 1283.69 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1508.231283.69 17 OPM %60.3961.68 - PBDT1045.02780.10 34 PBT847.97600.38 41 NP811.94576.27 41 Powered by Capital Market - Live
GE Shipping inks deal to sell 2005-built medium range product tanker ‘Jag Pranav’
The vessel will be delivered to the new buyer by Q2/Q3 FY25. Including Jag Pranav, the company's current fleet stands at 43 vessels, comprising 29 tankers (6 crude carriers, 19 product tankers, 4 LPG carrier) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.41 million dwt. Additionally, we had contracted to sell one MR product tanker in May 2024 and buy one MR product tanker in June 2024, which are due for deliveries in Q2 FY25,' the company said in a statement. Great Eastern (GE) Shipping Company is India's largest private sector shipping service provider. The company operates in two main businesses: dry bulk carriers and tankers. The scrip slipped 3.39% to currently trade at Rs 1320 on the BSE. Powered by Capital Market - Live
Great Eastern Shipping Company has contracted to sell its 2005 built Medium Range Product Tanker, Jag Pranav of about 51,383 dwt on 23 July 2024 to an unaffiliated third party. The vessel will be delivered to the new buyer by Q2/Q3 FY25. Including Jag Pranav, company's current fleet stands at 43 vessels, comprising 29 tankers (6 crude carriers, 19 product tankers, 4 LPG carrier) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.41 Mn dwt. Additionally, the company had contracted to sell one MR product tanker in May 2024 and buy one MR product tanker in June 2024, which are due for deliveries in Q2FY25.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 9.1%, vs industry avg of 6.94%
Increasing Market Share
Over the last 5 years, market share increased from 7.72% to 8.51%