Is The Great Eastern Shipping Company a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that The Great Eastern Shipping Company Ltd is a average quality company .

Is The Great Eastern Shipping Company undervalued or overvalued?

The key valuation ratios of The Great Eastern Shipping Company Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is The Great Eastern Shipping Company share price return in the past 10 years?

The Great Eastern Shipping Company Ltd share price has appreciated 10.4% annually (CAGR) over the past ten years.

Is The Great Eastern Shipping Company a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of The Great Eastern Shipping Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of The Great Eastern Shipping Company?

Company share prices are keep on changing according to the market conditions. The closing price of The Great Eastern Shipping Company on 21-Nov-2024 at 15:40 is 1073.50.

What is the P/E ratio of The Great Eastern Shipping Company?

The latest standalone P/E ratio of The Great Eastern Shipping Company as of 21-Nov-2024 is 6.19.

What is the P/B ratio of The Great Eastern Shipping Company?

The latest standalone P/B ratio of The Great Eastern Shipping Company as of 21-Nov-2024 is 1.34.

What is the 52-week high and low of The Great Eastern Shipping Company?

The 52-week high of The Great Eastern Shipping Company is Rs. 1542.80 and the 52-week low is Rs. 771.35.

What is the TTM revenue of The Great Eastern Shipping Company?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of The Great Eastern Shipping Company is Rs. 4315.31 (Cr.).

The Great Eastern Shipping Company Ltd - Stock Valuation and Financial Performance

Name: The Great Eastern Shipping Company
Brand: The Great Eastern Shipping Company

BSE: 500620 | NSE: GESHIP | Shipping | Small Cap

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GE Shipping Share Price

₹1,073.50 12.30 1.16%
as on 21-Nov'24 15:40

10 Year X-Ray of GE Shipping:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	6.5%	10.6%	10.4%	5.2%	3.8%	7.2%	14.3%	10.8%	25.2%	22%	-
Value Creation Index ⓘ	-0.5	-0.2	-0.2	-0.6	-0.7	-0.5	0.0	-0.2	0.9	0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,734	1,972	1,704	2,061	2,651	2,871	2,674	2,832	4,835	4,165	4,315
Sales YoY Gr.	-	13.8%	-13.6%	21%	28.6%	8.3%	-6.9%	5.9%	70.7%	-13.9%	-
Adj EPS ⓘ	15.2	40.4	34.1	7.9	-1.4	27.4	63.7	50.3	153	142.1	171.5
YoY Gr.	-	165.7%	-15.6%	-76.9%	-117.2%	NA	132.1%	-21.1%	204.3%	-7.1%	-
BVPS (₹) ⓘ	327	306.4	342.4	346.6	336	344.8	414.9	460.3	596.8	724.7	790.6
Adj Net Profit ⓘ	229	609	514	119	-20.4	403	936	718	2,184	2,029	2,448
Cash Flow from Ops. ⓘ	530	1,057	719	524	674	1,142	1,344	1,153	2,699	2,372	-
Debt/CF from Ops. ⓘ	5.8	2.7	6.2	8.1	6.1	3.2	2.8	3	0.9	0.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.2%	9.5%	15.9%	-13.9%
Adj EPS ⓘ	28.2%	NA	30.7%	-7.1%
BVPSⓘ	9.2%	16.6%	20.4%	21.4%
Share Price	10.4%	29.2%	49.8%	34.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	4.7	12.8	10.5	2.3	-0.4	8	16.8	11.3	28.9	21.5	22.6
Op. Profit Mgn % ⓘ	32.6	49.2	42.9	31.5	29	41.4	46.8	43.3	57.3	57	57.9
Net Profit Mgn % ⓘ	13.2	30.9	30.2	5.8	-0.8	14.1	35	25.3	45.2	48.7	56.7
Debt to Equity ⓘ	0.6	0.6	0.9	0.8	0.8	0.7	0.6	0.5	0.3	0.2	0.1
Working Cap Days ⓘ	80	64	71	91	95	94	93	90	66	91	273
Cash Conv. Cycle ⓘ	1	-4	-8	1	8	2	-5	-7	-8	-5	223

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.60%

Sales growth is growing at healthy rate in last 3 years 15.91%

Net Profit is growing at healthy rate in last 3 years 30.68%

Sales growth is not so good in last 4 quarters at -2.00%

Latest Financials - The Great Eastern Shipping Company Ltd.

	Standalone	Consolidated
TTM EPS (₹)	171.5	198.3
TTM Sales (₹ Cr.)	4,315	5,605
BVPS (₹.) ⓘ	790.6	945.5
Reserves (₹ Cr.) ⓘ	11,145	13,356
P/BV ⓘ	1.34	1.12
PE ⓘ	6.19	5.35

From the Market
52 Week Low / High (₹)	771.35 / 1542.80
All Time Low / High (₹)	13.80 / 1542.80
Market Cap (₹ Cr.)	15,150
Equity (₹ Cr.)	142.8
Face Value (₹)	10
Industry PE ⓘ	8.6

Management X-Ray of GE Shipping:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of GE Shipping

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of GE Shipping

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,734	1,972	1,704	2,061	2,651	2,871	2,674	2,832	4,835	4,165
Operating Expenses ⓘ	1,172	1,071	1,009	1,412	2,049	2,055	1,477	1,607	2,154	1,792
Manufacturing Costs	822	624	526	808	1,244	1,106	818	978	1,371	989
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	241	256	315	435	468	443	458	478	505	585
Other Costs ⓘ	109	190	168	169	337	506	201	151	278	218
Operating Profit ⓘ	562	902	695	649	602	816	1,197	1,225	2,681	2,373
Operating Profit Margin (%)	32.4%	45.7%	40.8%	31.5%	22.7%	28.4%	44.8%	43.3%	55.4%	57.0%
Other Income ⓘ	279	206	567	338	262	298	560	275	417	677
Interest ⓘ	189	183	247	328	362	318	252	234	259	198
Depreciation ⓘ	319	288	374	491	509	477	439	436	450	455
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	333	637	641	167	-6	320	1,066	831	2,389	2,397
Tax ⓘ	16	19	40	7	13	39	36	19	37	80
Profit After Tax	317	618	601	160	-19	281	1,030	812	2,352	2,316
PAT Margin (%)	18.3%	31.3%	35.3%	7.8%	-0.7%	9.8%	38.5%	28.7%	48.6%	55.6%
Adjusted EPS (₹)	21.0	41.0	39.9	10.6	-1.3	19.1	70.1	56.9	164.7	162.2
Dividend Payout Ratio (%)	52%	33%	25%	68%	-418%	42%	13%	17%	17%	22%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	4,931	4,620	5,162	5,225	5,066	5,067	6,098	6,571	8,520	10,346
Share Capital ⓘ	151	151	151	151	151	147	147	143	143	143
Reserves ⓘ	4,780	4,469	5,011	5,075	4,915	4,920	5,951	6,429	8,377	10,204
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	2,569	2,606	3,919	3,747	3,308	3,319	3,241	2,971	2,222	1,767
Long Term Debt	2,569	2,606	3,748	3,576	3,308	3,319	3,241	2,971	2,222	1,767
Short Term Debt	0	0	170	171	0	0	0	0	0	0
Trade Payables	114	119	123	186	227	269	221	288	271	361
Others Liabilities ⓘ	1,819	1,510	1,544	1,378	1,741	1,351	1,285	1,138	1,013	1,137
Total Liabilities ⓘ	9,432	8,855	10,748	10,538	10,341	10,006	10,845	10,969	12,026	13,612
Fixed Assets
Gross Block	6,493	5,272	7,415	7,826	8,025	7,932	8,263	8,572	8,467	8,627
Accumulated Depreciation	2,235	1,606	1,820	2,284	2,489	2,736	2,894	3,144	3,319	3,416
Net Fixed Assetsⓘ	4,258	3,666	5,594	5,542	5,536	5,196	5,369	5,427	5,149	5,211
CWIP ⓘ	226	328	22	8	13	109	24	24	27	38
Investmentsⓘ	2,815	2,564	2,543	2,436	2,156	2,557	2,977	2,706	2,958	3,316
Inventories	53	28	60	96	135	132	122	139	110	148
Trade Receivables	134	92	46	159	202	254	152	209	444	438
Cash Equivalents	1,717	2,025	2,198	1,915	1,827	1,403	1,849	2,036	2,915	3,885
Others Assetsⓘ	229	152	283	381	472	355	353	427	425	576
Total Assets ⓘ	9,432	8,855	10,748	10,538	10,341	10,006	10,845	10,969	12,026	13,612

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	530	1,057	719	524	674	1,142	1,344	1,153	2,699	2,372
PBT ⓘ	333	637	641	167	-6	320	1,066	831	2,389	2,397
Adjustment ⓘ	252	367	119	498	799	886	168	442	531	11
Changes in Working Capital ⓘ	-27	79	-15	-112	-92	-22	102	-99	-184	23
Tax Paid ⓘ	-28	-25	-26	-29	-26	-42	8	-21	-37	-59
Cash Flow From Investing Activity ⓘ	498	-342	-1,530	-340	527	613	-959	-539	81	-904
Capex	-156	-608	-1,963	-410	-571	-32	-463	-368	-103	-348
Net Investments	450	143	380	5	1,017	523	-533	-207	126	-661
Others ⓘ	204	123	54	65	80	122	37	35	58	105
Cash Flow From Financing Activityⓘ	-650	-804	1,284	-638	-701	-1,411	-102	-983	-1,623	-973
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-305	-254	1,586	-216	-182	-605	158	-329	-973	-311
Interest Paid ⓘ	-197	-189	-197	-311	-323	-320	-250	-250	-219	-196
Dividend Paid ⓘ	-135	-312	-54	-98	-109	-160	-40	-198	-360	-493
Others ⓘ	-12	-48	-51	-13	-88	-326	30	-206	-71	27
Net Cash Flow ⓘ	378	-88	473	-453	499	344	284	-369	1,157	496

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	6.52	12.95	12.3	3.08	-0.38	5.54	18.45	12.81	31.17	24.55
ROCE (%)	6.48	10.59	10.4	5.2	3.82	7.15	14.27	10.75	25.15	21.96
Asset Turnover Ratio	0.18	0.22	0.17	0.19	0.25	0.28	0.26	0.26	0.42	0.32
PAT to CFO Conversion(x)	1.67	1.71	1.2	3.28	N/A	4.06	1.3	1.42	1.15	1.02
Working Capital Days
Receivable Days	19	21	15	18	25	29	28	23	25	39
Inventory Days	13	7	9	14	16	17	17	17	9	11
Payable Days	0	0	0	0	0	0	0	0	0	0

The Great Eastern Shipping Company Ltd Stock News

The Great Eastern Shipping Company Ltd FAQs

What is the share price of GE Shipping?

Company share prices are keep on changing according to the market conditions. The closing price of GE Shipping on 21-Nov-2024 15:40 is ₹1,073.5.

What is the market cap of GE Shipping?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 15:40 the market cap of GE Shipping stood at ₹15,150.5.

What is the P/E ratio of GE Shipping?

The latest P/E ratio of GE Shipping as of 21-Nov-2024 15:40 is 6.19.

What is the P/B ratio of GE Shipping?

The latest P/B ratio of GE Shipping as of 21-Nov-2024 15:40 is 1.34.

What is the 52-week high and low of GE Shipping?

The 52-week high of GE Shipping is ₹1,542.8 and the 52-week low is ₹771.4.

What is the TTM revenue of GE Shipping?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GE Shipping is ₹4,315 ( Cr.) .

About The Great Eastern Shipping Company Ltd

The Great Eastern Shipping Company Ltd. is India's largest private sector shipping service provider enjoying a formidable presence in the international maritime industry. The shipping business operates under two main businesses: dry bulk carriers and tankers. Backed by an enviable clientele comprising industry leaders, international oil companies and governments who vouch for its services, the division has earned the status of being the most preferred shipping service provider. With a pulse on the global market and a thorough understanding of the ever-evolving market needs, the division is well-equipped to anticipate the demands of its clients and to deliver on its commitments, successfully and satisfactorily. The company has been certified to ISO 9001: 2015, ISO 14001: 2015 and ISO 45001: 2018 standards by DNV.GL.

Business area of the company

The Great Eastern Shipping Company Ltd. is involved in the bulk shipping business i.e. transportation of crude oil, petroleum products, gas and dry bulk commodities.

Milestones

1992 - Received Government of India approval
1993 - Obtained the licence from Coal India Limited (CIL)
1994 to 1997 - Paid signature bonus of over $ 300,000 to CIL
1994 to 1997 - Core-hole exploration, and tested commercial viability
1998 - CBM administration shifted from ministry of coal to ministry of petroleum
1998 - Submitted application for petroleum exploration licence
2001 - Production sharing contract signed with the ministry of petroleum and natural gas
2001 - Petroleum exploration licence was granted
2002 - Started 3-pilot production well program
2004 - Struck gas in the first well
2004 - Gas observed in all the wells
2005 - First Indian company to float on London AIM stock market
2006 - Commenced commercial drilling program for 20 production wells.
2006 - All 20 wells drilled and completed
2007 - Finished installing pumps (PCP) in 20 wells
2008 - Commissioned brand new rig (Atlas Copco RD 20 III) and commenced further development program.
2010 - G E Shipping Modifies Hyundai Heavy Orders; To Build 3 VLCCs Instead Of 2 Suezmaxes.
2011 - Greatship's Subsidiary Orders One Construction Support Vessel (Platform/Rov Support Vessel).
2013 - G E Shipping Contracts To Build 3 New Building Kamsarmax Dry Bulk Carriers.
2013 - Greatship Global Energy Services Pte. Ltd. (GGES), a Singapore incorporated step down subsidiary of the Great Eastern Shipping Company Limited, has informed the Company about being advised of the “Striking of Steel” of its Mobile Offshore Self Elevating Drilling Rig, at a globally reputed yard.
2015 - Incorporation of A New Subsidiary By Greatship (India) Limited (GIL) namely Greatship Oilfield Services Limited.
2015 - Incorporation Of A Wholly Owned Subsidiary namely Great Eastern CSR Foundation.
2017 - Greatship Has Acquired Full Ownership Of Jack-Up Rigs Of Its Subsidiary, Greatship Global Energy Services Pte. Ltd (GGES).
2019 - Great Eastern Shipping Company (G E Shipping) has delivered its 2000 built Suezmax Crude Carrier ‘Jag Lakshita’ to the buyers. The vessel was contracted for sale in November 2019.
2020 - Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a second hand Capesize Bulk Carrier. The 2014 Philippines built vessel is expected to join the company's fleet in H2 FY21.
2020 - Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a secondhand very large gas carrier of about 77,922 cbm. The 2002 Japanese built vessel is expected to join the company's fleet in Q3 FY21.
2020 - Great Eastern Shipping Company (G E Shipping) has incorporated Wholly owned Subsidiary (WoS) company namely ‘Great Eastern Services in Mumbai on June 23, 2020.