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Swing Capital

Great Eastern Shipping Company Ltd

NSE: GESHIP BSE: 500620Logistics

Great Eastern Shipping Company Ltd, along with its subsidiaries is a major player in the Indian shipping and Oil drilling services industry.[1]

₹1,688
52W: ₹905 — ₹1720
PE 10.2 · Book ₹976 · +73% vs book
Market Cap₹24,092 Cr
Stock P/E10.2Price to Earnings
ROCE17.8%Return on Capital
ROE18.2%Return on Equity
Div. Yield2.01%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Company has been maintaining a healthy dividend payout of 20.2%

Weaknesses

  • −The company has delivered a poor sales growth of 6.47% over past five years.
  • −Tax rate seems low
  • −Working capital days have increased from 66.0 days to 256 days

Shareholding Pattern

Promoters30.08%
FIIs28.44%
DIIs15.25%
Public26.25%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters30.08%30.08%30.08%30.08%30.08%30.08%30.08%30.08%
FIIs24.51%24.64%▲0.125.04%▲0.425.44%▲0.424.64%▼0.824.88%▲0.225.7%▲0.828.44%▲2.7
DIIs17.36%15.68%▼1.715.21%▼0.514.9%▼0.315.11%▲0.215.84%▲0.716.2%▲0.415.25%▼0.9
Public28.05%29.59%▲1.529.65%▲0.129.57%▼0.130.16%▲0.629.2%▼1.028.01%▼1.226.25%▼1.8

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales9961,1551,1531,0118787878038539631,041
Expenses424428448483352473344289348314
Operating Profit572727705528527314459564615727
OPM %57%63%61%52%60%40%57%66%64%70%
Net Profit488727668565679254388460654855
EPS ₹34.1750.946.8139.5747.5317.8227.2132.1945.7859.88

AI Insights

Revenue Trend

Mar 2026 revenue at ₹3,659Cr, down 4.5% YoY. OPM at 65%.

Debt Position

Borrowings at ₹1,050Cr. Debt-to-equity ratio: 0.08x. Healthy balance sheet.

Capex Cycle

CWIP at ₹40Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 15.25% (-1.41pp change). FIIs: 28.44% (+2.26pp change). Promoters hold 30.08%.

Margin & Efficiency

ROCE improving from 6% (Mar 2015) to 18% (Mar 2026). Working capital days: 256.

Valuation

PE 10.2x with 17.8% ROCE. Price is 73% above book value of ₹976. Dividend yield: 2.01%.

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