GE Shipping

₹995.3 32.4 | 3.4%

WEBSITE BSE:500620 NSE : GREAT EASTE 10 May, 16:01

Market Cap ₹14209 Cr.

Stock P/E 5.4

P/B 1.1

Current Price ₹995.3

Book Value ₹ 868.4

Face Value 10

52W High ₹1129

Dividend Yield 3.65%

52W Low ₹ 657.7

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 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	939	916	1366	1447	1421	1456	1284	1229	1245	1497
Other Income	-5	104	71	298	135	95	52	270	158	235
Total Income	934	1021	1437	1745	1556	1551	1336	1499	1403	1733
Total Expenditure	475	568	714	699	658	609	493	624	603	567
Operating Profit	459	453	723	1046	898	942	843	876	801	1166
Interest	76	111	93	88	85	77	62	77	67	59
Depreciation	184	151	179	181	184	167	180	187	194	166
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	200	191	450	777	629	698	601	612	540	942
Provision for Tax	-6	2	-7	8	2	-24	25	17	2	37
Profit After Tax	205	189	457	769	627	722	576	595	538	905
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	205	189	457	769	627	722	576	595	538	905
Adjusted Earnings Per Share	14	13.2	32	53.9	43.9	50.6	40.4	41.7	37.7	63.4

GE Shipping Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	3007	3092	3438	3808	3117	3038	3547	3687	3337	3509	5690	5255
Other Income	394	253	276	159	561	339	283	262	638	306	600	715
Total Income	3400	3344	3714	3966	3678	3377	3830	3948	3975	3815	6291	5971
Total Expenditure	1879	1678	2005	1863	1741	2074	2494	2520	2011	2127	2683	2287
Operating Profit	1521	1666	1709	2103	1937	1303	1336	1428	1963	1688	3608	3686
Interest	345	375	301	288	378	455	521	450	320	370	343	265
Depreciation	592	658	610	608	678	769	773	743	700	698	712	727
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	584	633	798	1208	882	79	42	235	943	620	2554	2695
Provision for Tax	47	59	50	111	127	289	64	28	24	-10	-21	81
Profit After Tax	538	574	748	1097	755	-210	-21	207	919	630	2575	2614
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	538	574	748	1097	755	-210	-21	207	919	630	2575	2614
Adjusted Earnings Per Share	35.3	38.1	49.6	72.8	50.1	-14	-1.4	14.1	62.5	44.1	180.4	183.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	62%	16%	13%	7%
Operating Profit CAGR	114%	36%	23%	9%
PAT CAGR	309%	132%	0%	17%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	46%	36%	30%	11%
ROE Average	28%	16%	10%	9%
ROCE Average	22%	13%	10%	9%

GE Shipping Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	6342	6773	7431	6563	7223	6928	6810	6796	7704	8051	10275
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	5689	4976	5463	4908	5770	5361	4843	4786	4394	3977	3021
Other Non-Current Liabilities	323	271	324	53	55	782	605	1008	678	497	476
Total Current Liabilities	2395	2599	2609	2397	2342	1593	2112	1243	1368	1443	1437
Total Liabilities	14749	14619	15826	13921	15391	14664	14370	13833	14145	13969	15209
Fixed Assets	9684	9842	10888	8925	10304	9809	9617	9123	9042	8877	8450
Other Non-Current Assets	435	768	683	513	175	385	385	374	251	187	263
Total Current Assets	4630	4009	4255	4396	4912	4470	4297	4335	4853	4905	6496
Total Assets	14749	14619	15826	13921	15391	14664	14370	13833	14145	13969	15209

GE Shipping Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	935	1340	652	759	793	1480	879	1384	1614	1761	1558
Cash Flow from Operating Activities	1256	1358	1445	2151	1522	969	1096	1481	1534	1323	2975
Cash Flow from Investing Activities	-409	-348	-725	-468	-1526	-449	430	484	-873	-375	-38
Cash Flow from Financing Activities	-442	-1697	-228	-1677	713	-1158	-1020	-1872	-505	-1189	-1893
Net Cash Inflow / Outflow	405	-688	491	6	709	-639	506	93	156	-241	1043
Closing Cash & Cash Equivalent	1340	652	1143	793	1480	879	1384	1614	1761	1558	2678

GE Shipping Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	35.3	38.07	49.62	72.75	50.07	-13.96	-1.42	14.09	62.5	44.1	180.36
CEPS(Rs)	74.2	81.71	90.08	113.07	95.03	37.02	49.82	64.64	110.16	92.99	230.23
DPS(Rs)	7.5	9	11	13.5	10.1	7.2	5.4	8.1	9	9.9	28.8
Book NAV/Share(Rs)	416.34	449.19	492.81	435.3	479.06	459.46	451.63	462.38	524.21	563.94	719.71
Core EBITDA Margin(%)	37.51	45.72	41.67	51.08	44.14	31.73	29.69	31.64	39.72	39.37	52.86
EBIT Margin(%)	30.9	32.6	31.96	39.27	40.4	17.57	15.88	18.59	37.85	28.21	50.9
Pre Tax Margin(%)	19.44	20.48	23.21	31.72	28.28	2.6	1.19	6.38	28.25	17.66	44.87
PAT Margin (%)	17.89	18.56	21.76	28.81	24.22	-6.93	-0.6	5.62	27.53	17.95	45.25
Cash Profit Margin (%)	37.59	39.85	39.51	44.77	45.97	18.37	21.18	25.77	48.52	37.84	57.76
ROA(%)	3.78	3.91	4.92	7.38	5.15	-1.4	-0.15	1.47	6.57	4.48	17.65
ROE(%)	8.72	8.75	10.54	15.68	10.95	-2.97	-0.31	3.04	12.67	7.99	28.1
ROCE(%)	7.29	7.76	8.18	11.38	9.55	3.93	4.34	5.51	10.19	7.8	21.8
Receivable days	42.61	38.15	32.36	30.79	30.03	27.49	28.58	32.14	33.74	30.47	28.61
Inventory Days	14.94	16.09	14.85	12.14	15.11	19.27	20.26	21.41	23.16	22.52	13.75
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	6.51	8.95	7.37	4.26	8.33	0	0	14.7	5	7.82	3.57
Price/Book(x)	0.55	0.76	0.74	0.71	0.87	0.72	0.63	0.45	0.6	0.61	0.89
Dividend Yield(%)	3.26	2.64	3.01	4.35	2.42	2.17	1.91	3.91	2.88	2.87	4.48
EV/Net Sales(x)	2.74	2.89	2.81	1.97	3.09	2.72	2.07	1.58	2.05	1.91	1.58
EV/Core EBITDA(x)	5.42	5.36	5.66	3.56	4.98	6.34	5.5	4.08	3.49	3.98	2.5
Net Sales Growth(%)	1.73	2.83	11.2	10.75	-18.14	-2.52	16.74	3.94	-9.5	5.17	62.17
EBIT Growth(%)	13.79	8.5	8.99	36.11	-15.8	-57.59	5.5	21.64	84.3	-21.63	192.62
PAT Growth(%)	67.6	6.73	30.37	46.61	-31.18	-127.88	89.81	1065.69	343.43	-31.45	308.94
EPS Growth(%)	69.85	7.82	30.37	46.61	-31.18	-127.88	89.81	1090.72	343.43	-29.43	308.94
Debt/Equity(x)	1.06	0.9	0.88	0.88	0.94	0.9	0.88	0.78	0.65	0.57	0.35
Current Ratio(x)	1.93	1.54	1.63	1.83	2.1	2.81	2.03	3.49	3.55	3.4	4.52
Quick Ratio(x)	1.88	1.49	1.58	1.79	2.04	2.7	1.93	3.31	3.39	3.24	4.38
Interest Cover(x)	2.7	2.69	3.66	5.2	3.33	1.17	1.08	1.52	3.94	2.67	8.45
Total Debt/Mcap(x)	1.93	1.19	1.19	1.23	1.08	1.24	1.41	1.73	1.09	0.94	0.39

GE Shipping Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	29.21	29.95	30.07	30.07	30.07	30.07	30.07	30.07	30.07	30.07
FII	20.64	21.7	22.06	23.9	25.06	25.92	26.17	27.28	26.74	27.39
DII	21.83	20.45	20.65	18.61	17.15	17.06	16.67	15.91	16.41	16.62
Public	28.31	27.91	27.21	27.42	27.72	26.95	27.09	26.73	26.78	25.91
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	4.29	4.29	4.29	4.29	4.29	4.29	4.29	4.29	4.29	4.29
FII	3.03	3.11	3.15	3.41	3.58	3.7	3.74	3.9	3.82	3.91
DII	3.21	2.93	2.95	2.66	2.45	2.44	2.38	2.27	2.34	2.37
Public	4.16	4	3.89	3.91	3.96	3.85	3.87	3.82	3.82	3.7
Others	0	0	0	0	0	0	0	0	0	0
Total	14.7	14.34	14.28	14.28	14.28	14.28	14.28	14.28	14.28	14.28

Pros

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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