Great Eastern Shipping Company Ltd Share Price

Shipping - Large

NSE: GESHIP Small Cap ISIN: INE017A01032

As on 31 January 2025 at 13:54 IST

₹983.10

+ 34.95

(3.69%)

Sell Buy

About Great Eastern Shipping Company Ltd

Great Eastern Shipping Company Ltd. (GE Shipping) is India’s largest private-sector shipping service provider. The company operates in the maritime industry. Founded on August 3, 1948, GE Shipping has decades of experience in the shipping industry. The company’s headquarters are located in Mumbai, Maharashtra, India. GE Shipping’s primary products and services include the operation of a diverse fleet of vessels. The company manages a fleet of 42 vessels, comprising 28 tankers and 14 dry bulk carriers. These vessels transport various cargoes, ensuring the efficient and reliable delivery of goods globally. Read More...

Over 1 Month

0.16%

Over 6 Months

-31.15%

Over 1 Year

-4.30%

Over 3 Years

201.91%

Great Eastern Shipping Company Ltd Summary

Close ₹ 983.10

Open ₹ 955

High ₹ 990

Low ₹ 946.05

Volume 3,01,652

Net Turnover (in ₹ Cr) ₹ 23.17

52Wk High ₹ 1,543.70

52Wk Low ₹ 880.10

52Wk High / Low

880.10

1,543.70

Great Eastern Shipping Company Ltd Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 13,536.47

EPS (TTM) 184.82

Book Value (BV) 790.61

Div. Yield 3.83 %

P/E (TTM) 5.13

Price/Book Value 1.20

Delivery % 42.18 %

Face Value 10

Key Ratios

PE Ratio 6.16

PB Ratio 1.38

EV to Sales 3.03

PEG Ratio -4.06

ROA 18

ROE 22.10

Debt-Equity 0.25

Net Profit Margin 50.05

Operating Profit Margin 67.46

Great Eastern Shipping Company Ltd Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	5,918.70	6,171.14	3,669.12	3,568.37	3,897.85
Total Expenses	3,224.32	3,617.60	3,049.44	2,625.69	3,662.82
Profit Before Tax	2,694.38	2,553.54	619.68	942.68	235.03
Profit After Tax	2,614.18	2,575.01	629.68	918.52	207.14
Operating Profit after Depreciation	2,959.08	2,896.28	989.77	1,184.82	685.27

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	8,337.81	8,449.94	8,877.50	9,042.08	9,123.27
Total Non Current Assets	8,673.49	8,712.98	9,063.96	9,292.50	9,497.44
Total Current Assets	8,134.37	6,496.14	4,904.64	4,852.58	4,335.38
TOTAL ASSETS	16,807.86	15,209.12	13,968.60	14,145.08	13,832.82
Total Shareholder's Fund	12,397.45	10,275.36	8,051.30	7,704.27	6,795.64

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	2,808.05	2,974.58	1,322.56	1,534.17	1,481.03
Net Cash used in Investing Activities	-868.38	38.76	-337.10	-881.63	621.65
Net Cash used in Financing Activities	-1,330.15	-1,893.30	-1,188.61	-505.29	-1,872.29

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	4,723.59	5,096.18	2,966.39	2,892.85	3,090.61
Total Expenses	2,327	2,707.59	2,135.84	1,826.98	2,771.08
Profit Before Tax	2,396.59	2,388.59	830.55	1,065.87	319.53
Profit After Tax	2,316.34	2,352.01	811.67	1,030.13	280.69
Operating Profit after Depreciation	2,594.19	2,647.79	1,106.84	1,293.18	637.05

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	5,219.41	5,148.75	5,428.19	5,369.25	5,195.96
Total Non Current Assets	7,222.07	7,017.53	7,230.42	7,205.79	7,093.94
Total Current Assets	6,389.63	5,008.78	3,738.09	3,638.73	2,911.85
TOTAL ASSETS	13,611.70	12,026.31	10,968.51	10,844.52	10,005.79
Total Shareholder's Fund	10,346.41	8,520.25	6,571.43	6,097.99	5,067.05

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	2,371.68	2,699.04	1,153.10	1,344.49	1,142.16
Net Cash used in Investing Activities	-886.93	125.06	-520.55	-977.19	696.22
Net Cash used in Financing Activities	-972.52	-1,622.79	-983.12	-101.83	-1,410.64

Particulars (in ₹ Cr.)	2024-12	2024-09	2024-06	2024-03	2023-12
Total Revenue	1,236.87	1,354.40	1,508.23	1,497.33	1,245.13
Total Expenses	625.84	700.79	597.48	560.56	595.39
Profit Before Tax	608.10	609.75	847.97	941.92	539.67
Profit After Tax	593.66	575.57	811.94	905.08	538.17
Operating Profit after Depreciation	874.93	878.97	1,105.63	1,166.02	800.56

Particulars (in ₹ Cr.)	2024-12	2024-09	2024-06	2024-03	2023-12
Total Revenue	878.50	1,011	1,153.27	1,154.86	996.18
Total Expenses	351.60	483.06	448.32	428.18	424.19
Profit Before Tax	698.23	592.35	690.67	751.67	510.59
Profit After Tax	678.63	564.97	668.26	726.73	487.77
Operating Profit after Depreciation	875.26	769.81	862.13	894.66	686.08

Great Eastern Shipping Company Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 932.35

S2 916.55

S3 904.70

Pivot 944.20

R1 960

R2 971.85

R3 987.65

Moving Average

20 SMA 945.40

50 SMA 1,007.23

100 SMA 1,121.93

200 SMA 1,161.65

Great Eastern Shipping Company Ltd Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

Great Eastern Shipping Company Ltd

₹7.2/Share

Announcement Date 19 Nov 2024

Record Date 20 Nov 2024

Div Yield 72%

AGM Date: 29 Jul 2022

AGM 29/07/2022 Pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 and in compliance with circulars issued by Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI), we hereby enclose copies of the Notice in respect of information pertaining to 74th Annual General Meeting scheduled to be held on Friday, July 29, 2022 through VC/ OAVM published in the newspapers (As Per BSE Announcement Dated on 27/06/2022) The 74th Annual General Meeting (AGM) of the Company will be held on Friday, July 29, 2022 at 3.00 p.m. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in compliance with the applicable provisions of the Companies Act, 2013 and circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India. The Notice of AGM alongwith the Annual Report of the Company for the year ended March 31, 2022 is attached. (As Per BSE Announcement Dated on 04.07.2022) Notice of the 74th Annual General Meeting of the Company published in the newspapers by way of advertisement. (As per BSE Announcement Dated on 07/07/2022) Proceedings for 74th Annual General Meeting of the Company held on July 29, 2022. (As per BSE Announcement Dated on 29/07/2022) AGM Outcome Further to our letter dated July 29, 2022, we enclose herewith copy of results of e-voting as well as Scrutinizer''s Report for the Annual General Meeting of the Company held on July 29, 2022. Great Eastern Shipping Company Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. (As Per BSE Announcement Dated on 30/07/2022)

AGM Date: 03 Aug 2023

Pursuant to the SEBI (LODR) Regulations, 2015 and in compliance with circulars issued by Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI), we hereby enclose copies of the Notice in respect of information pertaining to 75th Annual General Meeting of the Company. We wish to inform you that the 75th Annual General Meeting (AGM) of the Company will be held on Thursday, August 03, 2023 at 03.00 p.m. (IST) through VC/OAVM. We enclose herewith the 75th Annual Report of the Company for the year ended 2022-23. We wish to inform you that the Register of Members and Share Transfer Books of the Company will remain closed from July 28, 2023 to August 03, 2023 (both days inclusive) for the Annual General Meeting THE GREAT EASTERN SHIPPING COMPANY LIMITED has informed BSE about Notice of Shareholders Meeting for Annual General Meeting. (As Per BSE Announcement Dated on 07/07/2023) Outcome of the 75th Annual General Meeting held today i.e. August 03, 2023 We enclose herewith the Scrutinizer''s Report for the Annual General Meeting held today i.e. August 03, 2023 (As Per BSE Announcement Dated on 03/08/2023) Clarification pertaining to proceedings of annual general meeting of the Company held on August 03, 2023. (As per BSE Announcement Dated on 08/04/2024)

AGM Date: 01 Aug 2024

We enclose copies of the Notice in respect of information pertaining to 76th Annual General Meeting of the Company scheduled to be held on Thursday, August 01, 2024 through VC/ OAVM in the newspapers The Register of Members and Share transfer books of the Company will remain closed from July 26, 2024 to August 01, 2024 (both days inclusive) for the Annual General Meeting. (As per BSE Announcement Dated on 08/07/2024) We enclose herewith the Outcome of 76th Annual General Meeting of the Company held on August 01, 2024. We enclose herewith the Scrutinizers report for the Annual General Meeting held on August 01, 2024. (As per BSE Announcement Dated on 01/08/2024)

Great Eastern Shipping Company Ltd Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
Great Eastern Shipping Company Ltd	₹947.55	₹13,527.90
Shipping Corporation of India Ltd	₹190.95	₹8,894.45
Transworld Shipping Lines Ltd	₹325.50	₹714.80
Essar Shipping Ltd	₹32.34	₹669.36
ABS Marine Services Ltd	₹155	₹380.53
Global Offshore Services Ltd	₹99.80	₹262.39

Great Eastern Shipping Company Ltd News

Board of Great Eastern Shipping Company recommends interim dividend

Of Rs 8.1 per share

28 Jan 2025, 03:02 pm

Great Eastern Shipping Company to discuss results

On 28 January 2025

15 Jan 2025, 03:29 pm

Great Eastern Shipping Company delivers 'Jag Padma'

13 Dec 2024, 02:58 pm

Great Eastern delivers 2005 built Suezmax Crude Tanker Jag Lalit'

14 Nov 2024, 02:46 pm

Board of Great Eastern Shipping Company recommends interim dividend

Of Rs 7.2 per share

08 Nov 2024, 09:30 am

Great Eastern Shipping Company Ltd Stock Analysis

Annual revenue for Great Eastern Shipping Company Ltd decreased by 7.31% to ₹4,723.59 crore in FY 2024 from ₹5,096.18 crore in FY 2023.
Annual Net Profit for Great Eastern Shipping Company Ltd decreased by 1.52% to ₹2,316.34 crore in FY 2024 from ₹2,352.01 crore in FY 2023.
Promoter Shareholding in Great Eastern Shipping Company Ltd remains unchanged by 0.00% in the most recent quarter, from 30.07% in September 2024 to 30.07% in December 2024.
Great Eastern Shipping Company Ltd delivered a 1-year return of -4.30% compared to the Nifty 50, which provided a return of 8.03% as of the last trading session.
Great Eastern Shipping Company Ltd share price moved up by 3.69% from its previous close of INR ₹948.15. The latest Great Eastern Shipping Company Ltd share price is INR ₹983.10.
Great Eastern Shipping Company Ltd share price today has been at a low of 946.05 and a high of 990. Over the past 52 weeks, the Great Eastern Shipping Company Ltd share price has seen a low of 880.10 and a high of 1,543.70.

About Great Eastern Shipping Company Ltd

Great Eastern Shipping Company Ltd is a leading Indian shipping company. It is primarily transporting liquid and solid bulk products. The company operates a diverse fleet, including crude oil tankers and dry bulk carriers. Additionally, GE Shipping provides offshore services to oil companies through its subsidiary. This includes exploratory drilling rigs and offshore support vessels.

GE Shipping falls under the shipping and offshore services sector. It has been a significant player in this industry since its establishment in 1948. This makes it one of India's oldest private-sector shipping companies. Over the decades, GE Shipping has built a strong reputation for reliability in maritime transportation. It is also known for its excellence in offshore services.

The headquarters of GE Shipping is in Worli, Mumbai. This strategic location allows the company to efficiently manage its extensive operations. It also helps maintain proximity to major ports and clients.

The promoters of GE Shipping include the Sheth family, with a 22.07% share. Their vision and leadership have been instrumental in the company’s growth and success. It also has expert managerial promoters who are responsible for ensuring smooth business operations. These experts include-

K M Sheth
Bharat K Sheth
G Shivakumar
Tapas Icot
Ravi K Sheth

GE Shipping’s leading products and services include transporting crude oil and liquefied gas. They also transport dry bulk commodities. The company even offers offshore exploration and production services, which are critical for the oil and gas industry.

As of 2023, GE Shipping is India's largest private-sector shipping company. This prominent position highlights its significant market share and influence within the industry. The company’s extensive fleet and comprehensive service offerings make it a key player in the maritime sector.

The registered office of GE Shipping is in Worli, Mumbai, and the registrar's office is in the Financial District in Hyderabad. Great Eastern Shipping Company Ltd. has established itself as a cornerstone of India’s maritime and offshore services industry. Its extensive experience and diverse fleet contribute to its prominence in the sector. The company's commitment to excellence ensures its continued success.

Vision of Great Eastern Shipping Company Limited

Great Eastern Shipping Company Ltd. (GE Shipping) has a clear, forward-looking vision that drives its operations and strategic decisions. This vision aims to keep the company a maritime and offshore services industry leader. It also emphasises the importance of adapting to the evolving needs of its clients and the global market.

GE Shipping’s vision is to provide reliable and efficient maritime transportation. It plans to do this by using modern fleet management and focusing on safety and protecting the environment. The company knows that the shipping industry is crucial for global trade. Hence, it aims to provide services that help move goods smoothly worldwide.

A significant aspect of GE Shipping’s vision is its focus on fleet modernisation. The company is dedicated to maintaining a modern, advanced fleet that meets top efficiency and safety standards. This involves regular investments in new vessels and the latest maritime technologies.

Environmental sustainability is another critical component of GE Shipping’s vision. The company understands the need to lessen its environmental impact. It is also committed to using eco-friendly practices. This includes reducing and ensuring compliance with international environmental regulations.

Innovation and technological advancement are at the heart of GE Shipping’s vision. The company consistently invests in research and development to enhance its services. This involves utilising advanced navigation systems and incorporating digital technologies to optimise operations. GE Shipping’s focus on innovation ensures that it remains competitive in the global market and can meet the evolving needs of its clients.

GE Shipping’s vision also emphasises the importance of safety. The company is committed to maintaining the highest safety standards for its crew and cargo. This includes conducting rigorous training programs for its staff and adopting best practices in maritime safety. GE Shipping prioritises safety, ensuring that it provides reliable services. This commitment also helps protect the well-being of its employees and the environment.

Customer satisfaction is a central element of GE Shipping’s vision. The company focuses on building long-term relationships with its clients. It does this by delivering high-quality services tailored to meet their specific needs. The company focuses on understanding each client's unique needs. It offers customised solutions that add value to their operations. GE Shipping’s customer-centric approach has helped it build a loyal client base and establish itself as a trusted partner in the maritime industry.

The company’s vision is also reflected in its governance and management practices. GE Shipping is managed by a team of experienced professionals who bring in-depth industry knowledge and expertise. The company’s transparent and ethical business practices have earned it the trust of its stakeholders, including customers and investors. This trust has been critical to GE Shipping’s sustained growth and success.

The vision of Great Eastern Shipping Company Ltd. is to be a leader in the maritime and offshore services industry by providing reliable and efficient transportation solutions. As the company continues to grow and evolve, its vision will guide its efforts to meet future challenges. This will help contribute to the development of the shipping and offshore services sectors.