GE Shipping

₹1028.5 13.1 | 1.3%

WEBSITE BSE:500620 NSE : GREAT EASTE 09 Jul, 15:59

Market Cap ₹14684 Cr.

Stock P/E 6.3

P/B 1

Current Price ₹1028.5

Book Value ₹ 998.8

Face Value 10

52W High ₹1542.8

Dividend Yield 2.89%

52W Low ₹ 797.3

Edit Ratio

GE Shipping Research see more...

Overview Inc. Year: 1948Industry: Shipping

The Great Eastern Shipping Company Ltd is an India-based private sector shipping service issuer. The Company's segments include Shipping and Offshore. The Shipping segment is in transportation of crude oil, petroleum merchandise, gas and dry bulk commodities. The Offshore section offers offerings to oil companies in carrying out offshore exploration and manufacturing activities. Its crude oil companies include JAG LOK, JAG LALIT, JAG LEENA and JAG LAKSHYA, amongst others. Its product companies include JAG LOKESH, JAG LARA, JAG AABHA and JAG APARNA, among others. Its LPG carriers encompass JAG VIJAYA, JAG VIKRAM, JAG VISHNU and JAG VASANT, among others. Its dry bulk companies include JAG ANAND, JAG ALAIA, JAG AARATI, JAG ADITI and JAG ARNAV, among others. Its subsidiaries include Greatship Oilfield Services Ltd, Greatship (UK) Ltd, Greatship Global Energy Services Pvt. Ltd., and Greatship Global Offshore Services Pvt. Ltd., among others.

GE Shipping Share Price

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Peer Comparison

GE Shipping Quarterly Results

#(Fig in Cr.)	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Net Sales	1421	1456	1284	1229	1245	1497	1508	1354	1237	1223
Other Income	135	95	52	232	151	235	197	225	264	150
Total Income	1556	1551	1336	1461	1396	1733	1706	1580	1501	1373
Total Expenditure	658	609	493	586	595	567	600	701	626	721
Operating Profit	898	942	843	876	801	1166	1106	879	875	652
Interest	85	77	62	77	67	59	61	64	61	51
Depreciation	184	167	180	187	194	166	197	206	205	205
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	629	698	601	612	540	942	848	610	608	396
Provision for Tax	2	-24	25	17	2	37	36	34	14	33
Profit After Tax	627	722	576	595	538	905	812	576	594	363
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	627	722	576	595	538	905	812	576	594	363
Adjusted Earnings Per Share	43.9	50.6	40.4	41.7	37.7	63.4	56.9	40.3	41.6	25.4

GE Shipping Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Net Sales	3438	3808	3117	3038	3547	3687	3337	3509	5690	5255	5323	5322
Other Income	276	159	561	339	283	262	638	306	600	863	943	836
Total Income	3714	3966	3678	3377	3830	3948	3975	3815	6291	6119	6266	6160
Total Expenditure	2005	1863	1741	2074	2494	2520	2011	2127	2683	2433	2755	2648
Operating Profit	1709	2103	1937	1303	1336	1428	1963	1688	3608	3685	3511	3512
Interest	301	288	378	455	521	450	320	370	343	265	236	237
Depreciation	610	608	678	769	773	743	700	698	712	726	813	813
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	798	1208	882	79	42	235	943	620	2554	2694	2462	2462
Provision for Tax	50	111	127	289	64	28	24	-10	-21	80	117	117
Profit After Tax	748	1097	755	-210	-21	207	919	630	2575	2614	2344	2345
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	748	1097	755	-210	-21	207	919	630	2575	2614	2344	2345
Adjusted Earnings Per Share	49.6	72.8	50.1	-14	-1.4	14.1	62.5	44.1	180.4	183.1	164.2	164.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	1%	15%	8%	4%
Operating Profit CAGR	-5%	28%	20%	7%
PAT CAGR	-10%	55%	62%	12%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-26%	36%	37%	12%
ROE Average	18%	23%	18%	11%
ROCE Average	17%	20%	15%	11%

GE Shipping Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Shareholder's Funds	7431	6563	7223	6928	6810	6796	7704	8051	10275	12397	14259
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	5463	4908	5770	5361	4843	4786	4394	3977	3021	2408	1488
Other Non-Current Liabilities	324	53	55	782	605	1008	678	497	476	496	497
Total Current Liabilities	2609	2397	2342	1593	2112	1243	1368	1443	1437	1507	1411
Total Liabilities	15826	13921	15391	14664	14370	13833	14145	13969	15209	16808	17656
Fixed Assets	10888	8925	10304	9809	9617	9123	9042	8877	8450	8329	8247
Other Non-Current Assets	683	513	175	385	385	374	251	187	263	289	293
Total Current Assets	4255	4396	4912	4470	4297	4335	4853	4905	6496	8134	9116
Total Assets	15826	13921	15391	14664	14370	13833	14145	13969	15209	16808	17656

GE Shipping Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Opening Cash & Cash Equivalents	652	759	793	1480	879	1384	1614	1761	1558	2678	3288
Cash Flow from Operating Activities	1445	2151	1522	969	1096	1481	1534	1323	2975	2808	2647
Cash Flow from Investing Activities	-725	-468	-1526	-449	430	484	-873	-375	-38	-915	-191
Cash Flow from Financing Activities	-228	-1677	713	-1158	-1020	-1872	-505	-1189	-1893	-1330	-1675
Net Cash Inflow / Outflow	491	6	709	-639	506	93	156	-241	1043	563	781
Closing Cash & Cash Equivalent	1143	793	1480	879	1384	1614	1761	1558	2678	3288	4112

GE Shipping Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Earnings Per Share (Rs)	49.62	72.75	50.07	-13.96	-1.42	14.09	62.5	44.1	180.36	183.1	164.2
CEPS(Rs)	90.08	113.07	95.03	37.02	49.82	64.64	110.16	92.99	230.23	233.96	221.16
DPS(Rs)	11	13.5	10.1	7.2	5.4	8.1	9	9.9	28.8	36.3	29.7
Book NAV/Share(Rs)	492.81	435.3	479.06	459.46	451.63	462.38	524.21	563.94	719.71	868.35	998.75
Core EBITDA Margin(%)	41.67	51.08	44.14	31.73	29.69	31.64	39.72	39.37	52.86	53.69	48.25
EBIT Margin(%)	31.96	39.27	40.4	17.57	15.88	18.59	37.85	28.21	50.9	56.31	50.69
Pre Tax Margin(%)	23.21	31.72	28.28	2.6	1.19	6.38	28.25	17.66	44.87	51.27	46.25
PAT Margin (%)	21.76	28.81	24.22	-6.93	-0.6	5.62	27.53	17.95	45.25	49.74	44.04
Cash Profit Margin (%)	39.51	44.77	45.97	18.37	21.18	25.77	48.52	37.84	57.76	63.56	59.32
ROA(%)	4.92	7.38	5.15	-1.4	-0.15	1.47	6.57	4.48	17.65	16.33	13.6
ROE(%)	10.54	15.68	10.95	-2.97	-0.31	3.04	12.67	7.99	28.1	23.06	17.59
ROCE(%)	8.18	11.38	9.55	3.93	4.34	5.51	10.19	7.8	21.8	20.18	16.95
Receivable days	32.36	30.79	30.03	27.49	28.58	32.14	33.74	30.47	28.61	42.5	38.67
Inventory Days	14.85	12.14	15.11	19.27	20.26	21.41	23.16	22.52	13.75	15.69	17.15
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	7.37	4.26	8.33	0	0	14.7	5	7.82	3.57	5.46	5.67
Price/Book(x)	0.74	0.71	0.87	0.72	0.63	0.45	0.6	0.61	0.89	1.15	0.93
Dividend Yield(%)	3.01	4.35	2.42	2.17	1.91	3.91	2.88	2.87	4.48	3.63	3.19
EV/Net Sales(x)	2.81	1.97	3.09	2.72	2.07	1.58	2.05	1.91	1.58	2.36	1.83
EV/Core EBITDA(x)	5.66	3.56	4.98	6.34	5.5	4.08	3.49	3.98	2.5	3.37	2.77
Net Sales Growth(%)	11.2	10.75	-18.14	-2.52	16.74	3.94	-9.5	5.17	62.17	-7.65	1.28
EBIT Growth(%)	8.99	36.11	-15.8	-57.59	5.5	21.64	84.3	-21.63	192.62	2.17	-8.82
PAT Growth(%)	30.37	46.61	-31.18	-127.88	89.81	1065.69	343.43	-31.45	308.94	1.52	-10.33
EPS Growth(%)	30.37	46.61	-31.18	-127.88	89.81	1090.72	343.43	-29.43	308.94	1.52	-10.33
Debt/Equity(x)	0.88	0.88	0.94	0.9	0.88	0.78	0.65	0.57	0.35	0.24	0.15
Current Ratio(x)	1.63	1.83	2.1	2.81	2.03	3.49	3.55	3.4	4.52	5.4	6.46
Quick Ratio(x)	1.58	1.79	2.04	2.7	1.93	3.31	3.39	3.24	4.38	5.24	6.28
Interest Cover(x)	3.66	5.2	3.33	1.17	1.08	1.52	3.94	2.67	8.45	11.18	11.41
Total Debt/Mcap(x)	1.19	1.23	1.08	1.24	1.41	1.73	1.09	0.94	0.39	0.21	0.16

GE Shipping Shareholding Pattern

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	30.07	30.07	30.07	30.07	30.07	30.07	30.07	30.07	30.07	30.07
FII	25.06	25.92	26.17	27.28	26.74	27.39	24.48	24.61	25.03	25.44
DII	17.15	17.06	16.67	15.91	16.41	16.62	17.39	15.71	15.21	14.86
Public	27.72	26.95	27.09	26.73	26.78	25.91	28.06	29.61	29.68	29.63
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	4.29	4.29	4.29	4.29	4.29	4.29	4.29	4.29	4.29	4.29
FII	3.58	3.7	3.74	3.9	3.82	3.91	3.49	3.51	3.57	3.63
DII	2.45	2.44	2.38	2.27	2.34	2.37	2.48	2.24	2.17	2.12
Public	3.96	3.85	3.87	3.82	3.82	3.7	4.01	4.23	4.24	4.23
Others	0	0	0	0	0	0	0	0	0	0
Total	14.28	14.28	14.28	14.28	14.28	14.28	14.28	14.28	14.28	14.28

Pros

Company has delivered good profit growth of 62% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 23%
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 30.07%.

* 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.

GE Shipping News

IPO

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

GE Shipping

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GE Shipping Research see more...

Overview Inc. Year: 1948Industry: Shipping

GE Shipping Share Price

Alert Data

Quarterly Price

Peer Comparison

GE Shipping Quarterly Results

GE Shipping Profit & Loss

Growth Rates

GE Shipping Balance Sheet

GE Shipping Cash Flow

GE Shipping Ratios

GE Shipping Shareholding Pattern

GE Shipping News

IPO

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