Great Eastern Shipping Company Ltd

GESHIP

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Market Cap

₹ 16,116 Cr

P/E

9.03

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Investment Checklist

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Performance

MARKET LEADER

Valuation

REASONABLE

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bullish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

The Great Eastern Shipping Company Limited, India's largest private sector shipping service provider, operates in two main segments: Dry Bulk Carriers and Tankers.

In Q2 FY26, the company reported a consolidated net profit of INR 581 Cr, signaling strong financial performance amidst a fluctuating market environment.

GE Shipping's effective debt management is reflected in their reduced net debt position, indicating strong cash flows and prudent financial strategy.

The company's consistent dividend payout for the 15th consecutive quarter highlights a stable financial standing and commitment to shareholder returns.

The strategic decision to acquire younger vessels while strategically selling older ones demonstrates GE Shipping's focus on maintaining an efficient, up-to-date fleet profile.

Sector

Shipping

Industry

Shipping - Large

Market Cap

16,116 Cr

Volatility

High Risk

P/E Ratio

9.0

Industry P/E

25.2

PEG Ratio

2.2

P/B Ratio

1.1

52W High

1,180.70

52W Low

797.25

Sales CAGR

1.28%

10.58%

5.93%

10Y

7.65%

Profit CAGR

-10.33%

38.71%

50.49%

10Y

14.95%

ROE

TTM

11.72%

20.40%

17.24%

10Y

12.23%

ROCE

TTM

12.40%

18.87%

15.19%

10Y

11.32%

Technicals

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Forecasts

No. of Analysts

6

1Y Price Target

1477.47 ▲ 33.17%

Q3 EPS Estimate

Q3 Revenue Estimate

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Price, EPS and Revenue Projections

Strong SellSellHoldBuyStrong Buy

Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

updated on

Dec 03, 2025

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
JSWINFRA	272.90	57,309 Cr	36.15	5.61	0.29	15.53	14.16	9.09
GESHIP	1128.85	16,116 Cr	9.03	1.06	2.63	11.72	12.40	11.51
SCI	222.15	10,348 Cr	12.87	1.21	2.97	9.42	8.96	6.23
GPPL	191.30	9,248 Cr	20.82	3.86	4.29	19.88	25.78	16.10
SCILAL	46.49	2,172 Cr	—	0.73	1.18	-6.54	1.89	-5.52
TOTAL	77.48	125 Cr	8.96	1.41	1.29	15.73	15.19	7.72
DECCANTRAN	25.50	58 Cr	9.41	0.65	0.00	6.03	4.62	2.40

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1,284	1,229	1,245	1,497	1,508	1,354	1,237	1,223	1,201	1,242
Expenses	492	586	595	561	597	701	626	721	559	514
Operating Profit	792	643	650	937	911	654	611	502	643	728
OPM %	61.68	52.35	52.18	62.56	60.39	48.26	49.40	41.01	53.50	58.63
Other Income	51	232	151	229	195	225	264	150	135	140
Interest	62	77	67	59	61	64	61	51	45	44
Depreciation	180	187	194	166	197	206	205	205	197	224
Profit Before Tax	601	612	540	942	848	610	608	396	536	601
Tax %	4.09	2.82	0.28	3.91	4.25	5.61	2.37	8.28	5.87	3.21
Net Profit	576	595	538	905	812	576	594	363	505	581
EPS in Rs	40.28	41.57	37.62	63.27	56.76	40.23	41.50	25.38	35.27	40.64

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	3,117	3,038	3,547	3,687	3,337	3,509	5,690	5,255	5,323	5,016
Expenses	1,686	2,074	2,494	2,470	1,683	1,981	2,563	2,234	2,646	2,607
Operating Profit	1,431	964	1,053	1,217	1,653	1,528	3,128	3,022	2,677	2,409
OPM %	45.92	31.73	29.69	33.01	49.56	43.53	54.96	57.50	50.30	48.03
Other Income	506	338	283	211	232	160	481	664	834	775
Interest	378	455	521	450	242	370	343	265	236	221
Depreciation	678	769	773	743	700	698	712	726	813	814
Profit Before Tax	882	78	42	235	943	620	2,554	2,694	2,462	2,150
Tax %	14.36	367.58	150.91	11.87	2.56	-1.61	-0.84	2.98	4.77	5.25
Net Profit	755	-210	-21	207	919	630	2,575	2,614	2,344	2,037
EPS in Rs	52.76	-14.77	-1.51	14.40	64.21	43.83	180.00	182.74	163.87	142.79
Dividend Payout %	20.21	-51.80	-380.28	58.23	14.43	23.07	16.00	23.97	18.12	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	151	151	151	151	147	147	143	143	143	143
Reserves	8,133	7,073	6,778	6,659	6,649	7,557	7,909	10,133	12,255	14,116
Borrowings	4,930	5,941	5,532	4,843	4,804	5,047	4,655	3,649	3,048	2,163
Other Liabilities	2,417	2,238	2,188	2,718	2,233	1,394	1,262	1,284	1,362	1,233
Total Liabilities	15,632	15,402	14,649	14,370	13,833	14,145	13,969	15,209	16,808	17,656
Fixed Assets	10,653	10,304	9,809	9,617	9,123	9,042	8,877	8,450	8,329	8,247
CWIP	365	22	13	14	123	24	24	35	59	21
Investments	878	875	856	601	963	1,350	1,157	1,510	1,970	2,289
Other Assets	3,735	4,201	3,971	4,138	3,624	3,729	3,910	5,215	6,450	7,099
Total Assets	15,632	15,402	14,649	14,370	13,833	14,145	13,969	15,209	16,808	17,656

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	2,047	1,522	969	1,096	1,481	1,534	1,323	2,975	2,808	2,647
Cash from Investing Activity	-335	-1,526	-449	430	484	-873	-375	-38	-915	-191
Cash from Financing Activity	-1,695	713	-1,158	-1,020	-1,872	-505	-1,189	-1,893	-1,330	-1,675
Net Cash Flow	17	709	-638	506	93	156	-241	1,043	563	781

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	30.07%	30.07%	30.07%	30.07%	30.07%	30.07%	30.07%	30.07%	30.07%	30.07%	30.07%	30.07%
FIIs	25.06%	25.92%	26.17%	27.28%	26.74%	27.39%	24.48%	24.61%	25.03%	25.44%	24.63%	24.87%
DIIs	17.16%	17.07%	16.68%	15.92%	16.42%	16.63%	17.40%	15.73%	15.22%	14.91%	15.13%	15.85%
Public	27.71%	26.94%	27.08%	26.72%	26.77%	25.90%	28.05%	29.59%	29.67%	29.58%	30.17%	29.20%
Total Shareholders	79,342	79,041	85,121	95,757	98,047	1,00,251	1,24,075	1,93,919	1,96,156	1,99,951	2,09,359	1,96,126

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Jul 11, 2024	Hrti private limited	Bulk	Buy	1,468.71	115.83 Cr	7,88,633	0.55
Jul 11, 2024	Hrti private limited	Bulk	Sell	1,471.56	87.27 Cr	5,93,023	0.41
May 29, 2024	Nalanda india fund limited	Bulk	Sell	1,045.14	209.03 Cr	20,00,000	1.40
May 29, 2024	Ghisallo master fund lp	Bulk	Buy	1,045.00	103.92 Cr	9,94,479	0.69
May 13, 2024	Ghisallo master fund lp	Bulk	Buy	950.00	186.04 Cr	19,58,286	1.37
May 13, 2024	Nalanda india equity fund lim...	Bulk	Sell	950.25	190.05 Cr	20,00,000	1.40

Projection

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Announcements

Last 7 days

Newest

Sentiment

Investor Presentation

5 days ago

Revised Investor Presentation Released

The Great Eastern Shipping Company Limited has issued a revised Investor Presentation correcting an error from the previous version regarding its Q2 FY26 financial results.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q1 FY25

Investor Presentation

Q1 FY25

Investor Presentation

Q4 FY24

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Overview

Detailed Summary

The Great Eastern Shipping Company Limited, India's largest private sector shipping service provider, operates in two main segments: Dry Bulk Carriers and Tankers.

In Q2 FY26, the company reported a consolidated net profit of INR 581 Cr, signaling strong financial performance amidst a fluctuating market environment.

GE Shipping's effective debt management is reflected in their reduced net debt position, indicating strong cash flows and prudent financial strategy.

The company's consistent dividend payout for the 15th consecutive quarter highlights a stable financial standing and commitment to shareholder returns.

The strategic decision to acquire younger vessels while strategically selling older ones demonstrates GE Shipping's focus on maintaining an efficient, up-to-date fleet profile.

Sector

Shipping

Industry

Shipping - Large

Market Cap

16,116 Cr

Volatility

High Risk

P/E Ratio

9.0

Industry P/E

25.2

PEG Ratio

2.2

P/B Ratio

1.1

52W High

1,180.70

52W Low

797.25

Sales CAGR

1.28%

10.58%

5.93%

10Y

7.65%

Profit CAGR

-10.33%

38.71%

50.49%

10Y

14.95%

ROE

TTM

11.72%

20.40%

17.24%

10Y

12.23%

ROCE

TTM

12.40%

18.87%

15.19%

10Y

11.32%