The Great Eastern Shipping Company Ltd.

NSE: GESHIP BSE: 500620 SECTOR: Shipping  24k   100   15

663.65
-23.00 (-3.35%)
NSE: Today, 03:59 PM

Price Summary

Today's High

₹ 695

Today's Low

₹ 652.5

52 Week High

₹ 709.9

52 Week Low

₹ 265

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

9474.74 Cr.

Enterprise Value

10868.1 Cr.

No. of Shares

14.28 Cr.

P/E

6.09

P/B

1.26

Face Value

₹ 10

Div. Yield

1.49 %

Book Value (TTM)

₹  525.35

CASH

2036.2 Cr.

DEBT

3429.56 Cr.

Promoter Holding

30.07 %

EPS (TTM)

₹  108.93

Sales Growth

5.91%

ROE

12.81 %

ROCE

11.17%

Profit Growth

-21.21 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year5.91%
3 Year2.22%
5 Year10.69%

Profit Growth

1 Year-21.21%
3 Year252.2%
5 Year6.18%

ROE%

1 Year12.81%
3 Year12.27%
5 Year7.9%

ROCE %

1 Year11.17%
3 Year10.86%
5 Year8.32%

Debt/Equity

0.5219

Price to Cash Flow

8.22

Interest Cover Ratio

4.00608056751963

CFO/PAT (5 Yr. Avg.)

2.13768938808153

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2022 30.07 0
Jun 2022 30.07 0
Mar 2022 29.95 0
Dec 2021 29.21 0
Sep 2021 29.21 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 252.199047834635% for the Past 3 years.
  • The Company has been maintaining an effective average operating margins of 34.1265235365149% in the last 5 years.
  • The company has an efficient Cash Conversion Cycle of 40.0722449974047 days.
  • Company has a healthy liquidity position with current ratio of 3.33960797627131.
  • The company has a good cash flow management; CFO/PAT stands at 2.13768938808153.

 Limitations

  • The company has shown a poor revenue growth of 2.22284504229759% for the Past 3 years.
  • Tax rate is low at 2.27319246282584.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Net Sales 722.96 758.82 723.31 1163.27 1245.36
Total Expenditure 326.73 343.54 424.13 615.34 587.06
Operating Profit 396.23 415.28 299.18 547.93 658.3
Other Income 65.15 15.53 59.24 67.68 220.05
Interest 61.53 59.86 80.78 71.48 66.56
Depreciation 117.66 117.38 85.85 114.17 114.68
Exceptional Items 0 0 0 0 0
Profit Before Tax 282.19 253.57 191.79 429.96 697.11
Tax 8.94 0.79 5.41 1.59 9.47
Profit After Tax 273.25 252.78 186.38 428.37 687.64
Adjusted EPS (Rs) 18.59 17.2 13.05 30 48.16

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 2061.03 2651.27 2870.76 2674.12 2832.03
Total Expenditure 1412.39 2048.79 2055.11 1477.22 1606.73
Operating Profit 648.64 602.48 815.65 1196.9 1225.3
Other Income 338.24 262.14 298.14 559.92 317.48
Interest 328.2 361.64 317.52 252.3 276.29
Depreciation 491.49 509.45 476.74 438.65 435.94
Exceptional Items 0 0 0 0 0
Profit Before Tax 167.19 -6.47 319.53 1065.87 830.55
Provision for Tax 7 13 38.84 35.74 18.88
Net Profit 160.19 -19.47 280.69 1030.13 811.67
Adjusted EPS (Rs.) 10.62 -1.29 19.1 70.09 56.85

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 150.78 150.78 146.97 146.97 142.77
Total Reserves 5074.64 4914.94 4920.08 5951.02 6428.66
Borrowings 3576.44 3307.69 3319.11 3241.03 2970.52
Other N/C liabilities 539.09 387.77 769.44 449.11 307.24
Current liabilities 1196.72 1579.55 850.19 1056.39 1119.32
Total Liabilities 10537.67 10340.73 10005.79 10844.52 10968.51
Assets
Net Block 5542.22 5535.71 5195.84 5369.13 5427.23
Capital WIP 7.63 13.36 108.84 24.01 22.71
Intangible WIP 0 0.12 0.12 0.12 0.96
Investments 1682.28 1684.74 1685.82 1687.08 1688.32
Loans & Advances 96.89 151.93 103.32 115.71 74.59
Other N/C Assets 78.11 35.89 0 9.74 16.61
Current Assets 3130.54 2918.98 2911.85 3638.73 3738.09
Total Assets 10537.67 10340.73 10005.79 10844.52 10968.51
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 167.19 -6.47 319.53 1065.87 830.55
Adjustment 497.63 799.12 885.74 168.3 441.97
Changes in Assets & Liabilities -111.68 -92.33 -21.53 102.12 -98.56
Tax Paid -28.68 -26.49 -41.58 8.2 -20.86
Operating Cash Flow 524.46 673.83 1142.16 1344.49 1153.1
Investing Cash Flow -315.65 503.85 696.22 -977.19 -520.55
Financing Cash Flow -637.53 -701.31 -1410.64 -101.83 -983.12
Net Cash Flow -428.72 476.37 427.74 265.47 -350.57

Corporate Actions

Investors Details

PARTICULARS Sep 2021% Dec 2021% Mar 2022% Jun 2022% Sep 2022%
Promoters 29.21 29.21 29.95 30.07 30.07
bharat kanaiyalal ... 0.34 0.34 0.34 0.34 0.34
r k sheth 9.78 9.78 9.78 9.78 9.78
b k sheth 10.08 10.08 10.08 10.08 10.08
laadki trading and... 3.66 3.66 3.66 3.66 3.66
asha vasant sheth 1.41 1.41 1.41 1.41 1.41
sachin mulji 0.70 0.70 0.70 0.70 0.70
ketaki vasant sheth 0.66 0.66 0.66 0.66 0.66
sangita mulji 0.39 0.39 0.39 0.39 0.39
kabir mulji 0.35 0.35 0.35 0.35 0.35
kanaiyalal manekla... 0.18 0.18 0.18 0.18 0.18
ravi kanaiyalal sh... 0.34 0.34 0.34 0.34 0.34
rosaleen mulji 0.29 0.29 0.29 0.29 0.29
gopa investments c... 0.28 0.28 0.28 0.28 0.28
gopali mulji 0.27 0.27 0.27 0.27 0.27
jyotsna kanaiyalal... 0.16 0.16 0.16 0.16 0.16
ashadeep trading l... 0.13 0.13 0.13 0.13 0.13
amita r sheth 0.12 0.12 0.12 0.12 0.12
jyoti b sheth 0.09 0.09 0.09 0.09 0.09
pradeep padgaokar... - - - - -
rajni nagu 0.10 - - - -
rahul ravi sheth 0.07 0.07 0.07 0.07 0.07
nisha viraj mehta . 0.07 0.07 0.07 0.07 0.07
nirja bharat sheth 0.07 0.07 0.07 0.07 0.07
v j share enterpri... 0.06 0.06 0.06 0.06 0.06
anuradha manghnani - - - - -
kapil nagu - 0.05 0.05 0.05 0.05
anuradha manghnani - 0.05 0.05 0.05 0.05
arjun ravi sheth 0.03 0.03 0.03 0.03 0.03
PARTICULARS Sep 2021% Dec 2021% Mar 2022% Jun 2022% Sep 2022%
Investors 70.79 70.79 70.05 69.93 69.93
icici prudential t... - 9.49 8.82 - -
icici prudential v... 9.39 - - - -
icici prudential b... - - - 8.62 -
icici prudential d... - - - - -
icici prudential v... - - - - 8.45
hdfc small cap fund - 1.49 2.84 - -
nalanda india equi... 6.98 6.98 6.98 6.98 6.98
sbi equity hybrid ... - - 6.77 6.66 6.79
sbi magnum taxgain... 6.67 6.67 - - -
fidelity puritan t... 3.38 3.38 - - -
fidelity puritan t... - - 3.25 3.18 3.18
icici prudential l... 3.12 3.12 3.11 2.93 -
icici prudential l... - - - - -
hdfc trustee co lt... - - - 2.98 3.02
franklin templeton... 1.10 1.04 - - -
uti transportation... - - - - -
general insurance ... 2.06 2.06 2.06 2.06 2.06
uti-dividend yield... 1.16 1.16 1.16 1.16 1.36
asha vasant sheth - - - - -
first state indian... - - - - -
reliance capital t... - - - 1.04 -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

The Great Eastern Shipping Company informs about issuance of duplicate share certificate16 Nov 2022, 4:20PM GE Shipping - Quaterly Results12 Nov 2022, 10:41AM GE Shipping - Quaterly Results12 Nov 2022, 10:41AM GE Shipping - Quaterly Results12 Nov 2022, 10:41AM Great Eastern Shipping Company informs about details of loss of certificate 8 Nov 2022, 3:23PM Great Eastern Shipping Co informs about board meeting intimation1 Nov 2022, 2:56PM G E Shipping delivers 2006 built Aframax Crude Carrier ‘Jag Lyall’1 Oct 2022, 9:57AM Great Eastern Shipping Co informs about analyst meet1 Sep 2022, 2:56PM Great Eastern Shipping Co informs about investor presentation1 Sep 2022, 2:53PM Great Eastern Shipping Co informs about press release3 Aug 2022, 5:00PM Great Eastern Shipping Company informs about income tax deduction1 Aug 2022, 4:48PM Great Eastern Shipping Company board approves dividend29 Jul 2022, 4:00PM GE Shipping - Quaterly Results29 Jul 2022, 2:28PM GE Shipping - Quaterly Results29 Jul 2022, 2:28PM GE Shipping - Quaterly Results29 Jul 2022, 2:28PM Great Eastern Shipping Company informs about press release23 Jul 2022, 11:46AM G E Shipping contracts to sell 2006 built Aframax Crude Carrier ‘Jag Lyall’22 Jul 2022, 2:35PM The Great Eastern Shipping Co informs about updated presentation16 Jun 2022, 10:00AM The Great Eastern Shipping Co informs about updated presentation15 Jun 2022, 2:49PM Great Eastern Shipping Company informs about daily buy back of equity shares 8 Jun 2022, 4:53PM G E Shipping completes India’s first trials on MR tanker in international waters25 May 2022, 2:20PM G E Shipping contracts to sell Midsize Gas Carrier ‘Jag Vijaya’13 May 2022, 4:34PM Great Eastern Shipping Company informs about audio recording of earnings call7 May 2022, 11:07AM Great Eastern Shipping gets nod to raise Rs 1000 crore via NCDs6 May 2022, 4:09PM GE Shipping - Quaterly Results6 May 2022, 3:24PM GE Shipping - Quaterly Results6 May 2022, 3:24PM GE Shipping - Quaterly Results6 May 2022, 3:24PM The Great Eastern Shipping Company informs about earnings call4 May 2022, 3:38PM Great Eastern Shipping Company to raise funds through NCDs27 Apr 2022, 11:37AM The Great Eastern Shipping Co. informs about press release22 Mar 2022, 4:05PM G E Shipping’s arm delivers ‘Greatship Rohini’ to buyers22 Mar 2022, 3:41PM G E Shipping’s arm to sell R-class Platform Supply Vessel for scrapping8 Mar 2022, 2:21PM The Great Eastern Shipping Co informs about outcome of board meeting28 Jan 2022, 4:33PM The Great Eastern Shipping Co informs about outcome of board meeting30 Oct 2021, 10:34AM The Great Eastern Shipping Co informs about outcome of board meeting29 Oct 2021, 4:36PM The Great Eastern Shipping Company informs about issuance of duplicate certificate6 Oct 2021, 3:43PM G E Shipping delivers 2003 built Aframax Crude Carrier ‘Jag Lata’18 Sep 2021, 9:40AM The Great Eastern Shipping Co. informs about analyst meet9 Sep 2021, 12:34PM Great Eastern Shipping Company informs about compliance certificate12 Jul 2021, 5:19PM The Great Eastern Shipping Co informs about newspaper publicatrion5 Jul 2021, 12:12PM G E Shipping delivers old Midsize Gas Carrier ‘Jag Vaayu’ to buyers29 Jun 2021, 10:14AM The Great Eastern Shipping Co informs about analysts meet21 Jun 2021, 11:06AM The Great Eastern Shipping Co informs about auditor’s report9 Jun 2021, 3:48PM The Great Eastern Shipping Company informs about annual secretarial compliance report27 May 2021, 4:37PM G E Shipping takes delivery of Japanese secondhand Supramax Bulk Carrier ‘Jag Rajiv’14 May 2021, 4:57PM Great Eastern Shipping Company informs about press release14 May 2021, 1:58PM Great Eastern Shipping contracts to sell 1996 built Midsize Gas Carrier ‘Jag Vayu’12 May 2021, 11:11AM The Great Eastern Shipping Company informs about updates11 May 2021, 4:37PM The Great Eastern Shipping Company turns black in Q4 8 May 2021, 10:48AM Great Eastern Shipping gets nod to raise funds through NCDs7 May 2021, 5:08PM

GE Shipping Stock Price Analysis and Quick Research Report. Is GE Shipping an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). GE Shipping has a PE ratio of 6.09241672442521 which is low and comparatively undervalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. GE Shipping has ROA of 7.44206559107102 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. GE Shipping has a Current ratio of 3.33960797627131 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. GE Shipping has a ROE of 12.8130569513048 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. GE Shipping has a D/E ratio of 0.5219 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. GE Shipping has an Inventory turnover ratio of 21.7072011650634 which shows that the management is efficient in relation to its Inventory and working capital management.

  • Sales growth: - GE Shipping has reported revenue growth of 5.90512018907154 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of GE Shipping for the current financial year is 43.2657846138636 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for GE Shipping is Rs 9.9 and the yield is 1.4901 %.

Brief about GE Shipping

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