The Great Eastern Shipping Company Ltd.

NSE: GESHIP BSE: 500620 SECTOR: Shipping  33k   115   16

721.15
+5.45 (0.76%)
NSE: 09 Jun 03:59 PM

Price Summary

Today's High

₹ 733

Today's Low

₹ 710.5

52 Week High

₹ 748.9

52 Week Low

₹ 360.05

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

10295.65 Cr.

Enterprise Value

11689.01 Cr.

No. of Shares

14.28 Cr.

P/E

4.38

P/B

1.21

Face Value

₹ 10

Div. Yield

3.99 %

Book Value (TTM)

₹  596.79

CASH

2036.2 Cr.

DEBT

3429.56 Cr.

Promoter Holding

30.07 %

EPS (TTM)

₹  164.74

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

8.93

Interest Cover Ratio

4.00608056751963

CFO/PAT (5 Yr. Avg.)

2.13768938808153

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 30.07 0
Dec 2022 30.07 0
Sep 2022 30.07 0
Jun 2022 30.07 0
Mar 2022 29.95 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 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 723.31 1163.27 1245.36 1212.78 1213.41
Total Expenditure 424.13 615.34 587.06 507.76 460.37
Operating Profit 299.18 547.93 658.3 705.02 753.04
Other Income 59.24 67.68 220.05 91.31 54.55
Interest 80.78 71.48 66.56 63.83 57.33
Depreciation 85.85 114.17 114.68 117.46 103.78
Exceptional Items 0 0 0 0 0
Profit Before Tax 191.79 429.96 697.11 615.04 646.48
Tax 5.41 1.59 9.47 11.36 14.16
Profit After Tax 186.38 428.37 687.64 603.68 632.32
Adjusted EPS (Rs) 13.05 30 48.16 42.28 44.29

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 96.89 187.82 103.32 115.71 74.59
Other N/C Assets 78.11 71.17 0 9.74 16.61
Current Assets 3130.54 2847.81 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 Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 29.95 30.07 30.07 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
ravi kanaiyalal sh... 0.34 0.34 0.34 0.34 0.34
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
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 - - - -
nisha viraj mehta . 0.07 0.07 0.07 0.07 0.07
rahul ravi sheth 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 Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 70.05 69.93 69.93 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 certificate7 Jun 2023, 10:03AM Great Eastern Shipping Co submits auditor's report 23 May 2023, 5:03PM The Great Eastern Shipping Company informs about issuance of duplicate share certificate20 May 2023, 10:54AM The Great Eastern Shipping Company informs about transcript of earnings call17 May 2023, 12:13PM GE Shipping - Quaterly Results12 May 2023, 3:57PM GE Shipping - Quaterly Results12 May 2023, 3:57PM GE Shipping - Quaterly Results12 May 2023, 3:57PM G E Shipping contracts to sell Aframax Crude Carrier ‘Jag Lavanya’26 Apr 2023, 4:00PM The Great Eastern Shipping Co informs about press release26 Apr 2023, 2:21PM The Great Eastern Shipping Company informs about issuance of duplicate share certificate25 Apr 2023, 11:56AM The Great Eastern Shipping Company informs about issuance of duplicate share certificate19 Apr 2023, 10:23AM Great Eastern Shipping Co informs about compliance certificate17 Apr 2023, 4:04PM The Great Eastern Shipping Company informs about issuance of duplicate share certificate24 Mar 2023, 4:41PM Great Eastern Shipping Co informs about disclosure23 Mar 2023, 1:55PM Great Eastern Shipping’s arm takes delivery of anchor handling tug cum supply vessel 9 Mar 2023, 2:57PM The Great Eastern Shipping Company informs about issuance of duplicate share certificate9 Mar 2023, 12:17PM The Great Eastern Shipping Company informs about issuance of duplicate share certificate28 Feb 2023, 12:49PM Great Eastern Shipping Co informs about loss of share certificate22 Feb 2023, 12:12PM G E Shipping reports over 3-fold jump in Q3 consolidated net profit 1 Feb 2023, 3:29PM GE Shipping - Quaterly Results31 Jan 2023, 6:16PM GE Shipping - Quaterly Results31 Jan 2023, 6:16PM GE Shipping - Quaterly Results31 Jan 2023, 6:16PM The Great Eastern Shipping Company informs about issuance of duplicate Share Certificate24 Jan 2023, 3:29PM Great Eastern Shipping Company’s arm signs contract to buy one Anchor Handling Tug cum Supply Vessel10 Jan 2023, 3:30PM Great Eastern Shipping Co informs about details of loss of certificate3 Jan 2023, 2:43PM The Great Eastern Shipping Company informs about issuance of duplicate share certificate19 Dec 2022, 4:57PM Great Eastern Shipping Co informs about details of loss of certificate 12 Dec 2022, 5:07PM 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

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 4.37738437398517 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 3.99 %.

Brief about GE Shipping

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