Great Eastern Shipping Company Ltd, along with its subsidiaries is a major player in the Indian shipping and Oil drilling services industry.[1]
Overview[1]GE Shipping was founded in 1948 with the purchase of a Liberty ship. As of FY24, GES is India’s largest private sector shipping company, owning and operating 39 ships and 23 offshore assets.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | GE Shipping Co | 1118.50 | 10.64 | 15968.50 | 2.67 | 459.58 | 3.87 | 852.99 | -15.63 | 14.89 | 3320.91 | 56.10 | 1497.64 | 459.58 | 1.28 | 12.13 | 0.10 |
| 2. | S C I | 213.50 | 12.32 | 9944.87 | 3.09 | 189.16 | -35.09 | 1338.87 | -7.71 | 9.81 | 5295.70 | 30.54 | 803.99 | 189.16 | 1.18 | 7.02 | 0.33 |
| 3. | Shreeji Ship. Gl | 361.75 | 43.53 | 5893.59 | 0.00 | 42.70 | 32.19 | 162.19 | 11.30 | 33.65 | 607.61 | 32.83 | 124.93 | 42.71 | 8.26 | 18.25 | 0.30 |
| 4. | SEAMEC Ltd | 1059.05 | 30.63 | 2692.62 | 0.00 | -25.73 | -25081.82 | 97.42 | 10.87 | 8.60 | 657.30 | 35.01 | 87.90 | -27.48 | 2.51 | 5.34 | 0.38 |
| 5. | Essar Shipping | 25.80 | 10.24 | 533.99 | 0.00 | -15.65 | -130.75 | 0.01 | -99.99 | – | -138.39 | -33.60 | 52.20 | -21.15 | – | -0.91 | – |
| 6. | ABS Marine | 207.00 | 10.13 | 508.20 | 0.00 | 31.33 | 291.78 | 136.04 | 69.94 | 14.20 | 235.84 | 37.27 | 50.22 | 30.99 | 1.94 | 8.81 | 1.34 |
| 7. | Transworld Shipp | 167.10 | 110.52 | 366.95 | 0.89 | -9.16 | -160.34 | 98.09 | -21.35 | 6.83 | 420.63 | 26.88 | 3.32 | -12.84 | 0.48 | 3.66 | 0.38 |
| – | Median: 9 Co. | 207.0 | 13.13 | 533.99 | 0.0 | 4.17 | -8.35 | 98.09 | -7.16 | 11.63 | 420.63 | 32.83 | 52.2 | 4.17 | 1.4 | 5.49 | 0.38 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,245 | 1,213 | 1,213 | 1,041 | 972 | 996 | 1,155 | 1,153 | 1,011 | 878 | 787 | 803 | 853 |
Expenses | 524 | 465 | 460 | 363 | 459 | 424 | 428 | 448 | 483 | 352 | 473 | 344 | 289 |
Operating Profit | 722 | 748 | 753 | 678 | 514 | 572 | 727 | 705 | 528 | 527 | 314 | 459 | 564 |
Other Income | 157 | 48 | 55 | 68 | 209 | 114 | 168 | 157 | 242 | 348 | 136 | 114 | 97 |
Profit before tax | 697 | 615 | 646 | 583 | 551 | 511 | 752 | 691 | 592 | 698 | 281 | 417 | 484 |
Tax % | 1% | 2% | 2% | 3% | 3% | 4% | 3% | 3% | 5% | 3% | 10% | 7% | 5% |
Net Profit | 688 | 604 | 632 | 566 | 536 | 488 | 727 | 668 | 565 | 679 | 254 | 388 | 460 |
EPS in Rs | 48.17 | 42.28 | 44.29 | 39.67 | 37.51 | 34.17 | 50.90 | 46.81 | 39.57 | 47.53 | 17.82 | 27.21 | 32.19 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,493 | 1,734 | 1,972 | 1,704 | 2,061 | 2,651 | 2,871 | 2,674 | 2,832 | 4,835 | 4,165 | 3,830 | 3,321 |
Expenses | 999 | 1,170 | 1,002 | 963 | 1,206 | 2,035 | 1,977 | 1,161 | 1,424 | 1,998 | 1,674 | 1,756 | 1,458 |
Operating Profit | 493 | 564 | 970 | 741 | 855 | 616 | 894 | 1,513 | 1,408 | 2,837 | 2,491 | 2,073 | 1,863 |
Other Income | 288 | 276 | 138 | 521 | 132 | 248 | 220 | 219 | 134 | 261 | 559 | 884 | 695 |
Interest | 213 | 189 | 183 | 247 | 328 | 362 | 318 | 227 | 276 | 259 | 198 | 168 | 137 |
Depreciation | 359 | 319 | 288 | 374 | 491 | 509 | 477 | 439 | 436 | 450 | 455 | 527 | 540 |
Profit before tax | 209 | 333 | 637 | 641 | 167 | -6 | 320 | 1,066 | 831 | 2,389 | 2,397 | 2,262 | 1,881 |
Net Profit | 205 | 317 | 618 | 601 | 160 | -19 | 281 | 1,030 | 812 | 2,352 | 2,316 | 2,166 | 1,781 |
EPS in Rs | 13.58 | 21.04 | 41.01 | 39.89 | 10.62 | -1.29 | 19.10 | 70.09 | 56.83 | 164.74 | 162.25 | 151.73 | 124.75 |
Dividend Payout % | 66% | 52% | 33% | 25% | 68% | -418% | 42% | 13% | 17% | 17% | 27% | 20% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 151 | 151 | 151 | 151 | 151 | 151 | 147 | 147 | 143 | 143 | 143 | 143 | 143 |
Reserves | 4,656 | 4,780 | 4,469 | 5,011 | 5,075 | 4,915 | 4,920 | 5,951 | 6,429 | 8,377 | 10,204 | 11,850 | 12,518 |
Borrowings | 3,312 | 3,069 | 2,878 | 4,432 | 4,223 | 4,104 | 3,602 | 3,721 | 3,434 | 2,536 | 2,230 | 1,499 | 1,251 |
Other Liabilities | 1,271 | 1,336 | 1,357 | 1,154 | 1,090 | 1,171 | 1,337 | 1,025 | 963 | 970 | 1,036 | 877 | 904 |
Total Liabilities | 9,390 | 9,336 | 8,855 | 10,748 | 10,538 | 10,341 | 10,006 | 10,845 | 10,969 | 12,026 | 13,612 | 14,368 | 14,815 |
Fixed Assets | 4,442 | 4,258 | 3,666 | 5,594 | 5,542 | 5,536 | 5,196 | 5,369 | 5,427 | 5,149 | 5,211 | 5,263 | 5,197 |
Gross Block | 6,599.99 | 6,492.59 | 5,271.99 | 7,414.57 | 7,825.76 | 8,024.90 | 7,933.51 | 8,262.88 | 8,571.52 | 8,467.41 | 8,625.21 | 8,656.64 | – |
Accumulated Depreciation | 2,158.06 | 2,234.71 | 1,605.94 | 1,820.15 | 2,283.54 | 2,489.19 | 2,737.67 | 2,893.75 | 3,144.29 | 3,318.66 | 3,414.28 | 3,393.69 | – |
CWIP | 141 | 226 | 328 | 22 | 8 | 13 | 109 | 24 | 24 | 27 | 38 | 15 | 17 |
Investments | 2,791 | 2,815 | 2,564 | 2,543 | 2,436 | 2,156 | 2,557 | 2,977 | 2,706 | 2,958 | 3,316 | 3,734 | 4,101 |
Other Assets | 2,016 | 2,037 | 2,297 | 2,588 | 2,551 | 2,636 | 2,144 | 2,475 | 2,812 | 3,893 | 5,047 | 5,356 | 5,499 |
Total Assets | 9,390 | 9,336 | 8,855 | 10,748 | 10,538 | 10,341 | 10,006 | 10,845 | 10,969 | 12,026 | 13,612 | 14,368 | 14,815 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 429 | 530 | 1,057 | 719 | 524 | 674 | 1,142 | 1,344 | 1,153 | 2,699 | 2,372 | 2,209 |
Cash from Investing Activity | -131 | 498 | -324 | -1,545 | -316 | 504 | 696 | -977 | -521 | 125 | -887 | -70 |
Cash from Financing Activity | -909 | -650 | -804 | 1,284 | -638 | -701 | -1,411 | -102 | -983 | -1,623 | -973 | -1,442 |
Net Cash Flow | -610 | 378 | -70 | 458 | -429 | 476 | 428 | 265 | -351 | 1,201 | 512 | 696 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 10 | 28 | 17 | 10 | 28 | 28 | 32 | 21 | 27 | 34 | 38 | 23 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 10 | 28 | 17 | 10 | 28 | 28 | 32 | 21 | 27 | 34 | 38 | 23 |
Working Capital Days | -373 | -322 | -247 | -323 | -130 | -142 | -27 | -76 | -56 | -12 | -25 | -33 |
ROCE % | 4% | 6% | 10% | 9% | 5% | 3% | 6% | 13% | 11% | 24% | 20% | 15% |
Direct from BSE filings, auto-summarised
External media mentions & references
Editorial & research coverage
Dec 2025
Nov 2025
Aug 2025
May 2025
Jan 2025
Nov 2024
Sep 2024
Aug 2024
May 2024
May 2024
Apr 2024
Feb 2024
Nov 2023
Aug 2023
May 2023
Mar 2023
Feb 2023
Nov 2022
Nov 2022
Sep 2022
Sep 2022
Jul 2022
Jun 2022
Jun 2022
May 2022
Feb 2022
Nov 2021
Sep 2021
Aug 2021
May 2021
Feb 2021
Aug 2020
Jul 2020
Jun 2020
Feb 2020
Nov 2019
Aug 2019
May 2019
Feb 2019
Nov 2018
Sep 2018
Aug 2018
May 2018
Apr 2018
Feb 2018
Nov 2017
Sep 2017
Aug 2017
May 2017
Dec 2016
Nov 2016
Aug 2016
Jun 2016
May 2016
Feb 2016
Feb 2016
Stock Analysis
The Great Eastern Shipping Company Limited is India's largest private sector shipping company, operating a diversified fleet of tankers and dry bulk carriers, with a focus on fleet renewal and operational efficiency.
Order Book: Q3 FY26 = Delivery of 2015 built VLGC 'Jag Vijay'. Q4 FY26 = Acquire secondhand Ultramax Dry Bulk Carrier, Acquire secondhand Medium Range Tanker, Sell Kamsarmax Dry Bulk Carrier "Jag Aarati", Sell Very Large Gas Carrier "Jag Vishnu".
Corporate Announcements
