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GE Shipping Overview

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 APA...Read More

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GE Shipping Key Financials

Market Cap ₹20334 Cr.

Stock P/E 8.7

P/B 1.3

Current Price ₹1424.3

Book Value ₹ 1123.3

Face Value 10

52W High ₹1509.2

Dividend Yield 2.09%

52W Low ₹ 842.4

GE Shipping Share Price

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Volume
Price

GE Shipping Quarterly Price

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GE Shipping Peer Comparison

GE Shipping Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1229 1245 1497 1508 1354 1237 1223 1201 1242 1454
Other Income 232 151 235 197 244 264 150 150 272 282
Total Income 1461 1396 1733 1706 1598 1501 1373 1352 1514 1737
Total Expenditure 586 595 567 600 719 626 721 574 646 619
Operating Profit 876 801 1166 1106 879 875 652 778 868 1118
Interest 77 67 59 61 64 61 51 45 44 25
Depreciation 187 194 166 197 206 205 205 197 224 246
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 612 540 942 848 610 608 396 536 601 847
Provision for Tax 17 2 37 36 34 14 33 31 19 34
Profit After Tax 595 538 905 812 576 594 363 505 581 813
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 595 538 905 812 576 594 363 505 581 813
Adjusted Earnings Per Share 41.7 37.7 63.4 56.9 40.3 41.6 25.4 35.3 40.7 56.9

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 5120
Other Income 276 159 561 339 283 262 638 306 600 863 943 854
Total Income 3714 3966 3678 3377 3830 3948 3975 3815 6291 6119 6266 5976
Total Expenditure 2005 1863 1741 2074 2494 2520 2011 2127 2683 2433 2755 2560
Operating Profit 1709 2103 1937 1303 1336 1428 1963 1688 3608 3685 3511 3416
Interest 301 288 378 455 521 450 320 370 343 265 236 165
Depreciation 610 608 678 769 773 743 700 698 712 726 813 872
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 2380
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 2262
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 2262
Adjusted Earnings Per Share 49.6 72.8 50.1 -14 -1.4 14.1 62.5 44.1 180.4 183.1 164.2 158.3

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 62% 30% 37% 15%
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 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 30.07 30.07 30.07 30.07 30.07 30.07 30.07 30.07 30.07 30.07
FII 26.74 27.39 24.48 24.61 25.03 25.44 24.63 24.87 25.7 28.43
DII 16.41 16.62 17.39 15.71 15.21 14.86 15.12 15.84 16.2 15.25
Public 26.78 25.91 28.06 29.61 29.68 29.63 30.18 29.21 28.03 26.24
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

GE Shipping News

GE Shipping Pros & Cons

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%.
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