GESHIPServices

The Great Eastern Shipping Company Limited

Shipping · ISIN INE017A01032 · BSE 500620 · NSE EQ · FV ₹10
Last price
₹1,425
+2.41%today
What this company does

The Great Eastern Shipping Company Limited operates in Shipping, part of the Services sector. It booked ₹2,005 cr of revenue in its latest quarter (Q1 FY27) and kept 65.3% of sales as profit. It is the largest of 6 Shipping companies we track, by market value.

In the report:
69out of 100
Equitytale Health Score
Solid

Healthier than 69% of companies in Services, on all six measures of filed financials. Each measure is ranked against the 29–116 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
62

At close. Not part of the score.

Profitability & returns94

How much profit it earns on the money it employs

Balance sheet84

How much it owes, and whether earnings cover the interest

Cash quality68

Whether reported profit actually arrives as cash

Growth & consistency45

Whether sales and profit have grown, and how steadily

Valuation18

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 65% net margin
Sales up 67% vs last year
Profit up 159% vs last year
No promoter shares pledged
Strong 31% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in GESHIP?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,425 +2.41%
latest close · 2026-09-17
1-year return
+310.8%
52-wk low ₹26552-wk high ₹1,599
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio3.9Low
LowAverageHigh
P/B ratio1.20Moderate
Below bookModerateHigh
EV / EBITDA2.6Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity30.9%Strong
WeakFairStrong ▸15%
Return on capital30.6%Strong
WeakFairStrong
Net margin65.3%Strong
ThinDecentStrong
EBITDA margin80.7%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.06Comfortable
LowModerateHigh ▸1
Interest cover69.4×Strong
RiskyOkayStrong ▸5×
Current ratio7.08Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹20,346 cr
Book value
₹1,188
EPS
₹91.68
latest quarter
Net debt
₹-3,288 cr
more cash than debt
Enterprise value
₹17,059 cr
EBITDA
₹6,474 cr
annualised
EBIT
₹5,539 cr
annualised
Operating margin
69.1%
Return on assets
26.9%
Earnings yield
25.73%
P/S
2.54
Sales / share
₹561.8
Tax rate
4.1%
Face value
₹10
Shares
14.3 cr
Working capital
₹8,386 cr
Current assets
₹9,764 cr
Current liabilities
₹1,378 cr
Delivery %
52.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹714 vs market price ₹1,425 — price is 100% above it
Safety cushion-99.6%(target ≥ +20%)
Models span ₹580₹848, midpoint ₹714
Model ₹714
Price ₹1,425
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹2,005 cr
Other Income₹281 cr
Total Income₹2,286 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹260 cr
Finance Costs₹20 cr
Depreciation & Amortisation₹234 cr
Other Expenses₹408 cr
Total Expenses₹921 cr
Profit before Tax₹1,365 cr
Tax Expense₹56 cr
Net Profit₹1,309 cr
Net margin on total income57.2%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹260 cr11.4%
Finance costs₹20 cr0.9%
Depreciation & amortisation₹234 cr10.2%
Other expenses₹408 cr17.8%
Tax expense₹56 cr2.4%
Profit for the period₹1,309 cr57.2%
Total income ₹2,286 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,454 cr1,511 cr2,005 cr
Total income1,737 cr1,857 cr2,286 cr
Expenses890 cr815 cr921 cr
Profit before tax847 cr1,043 cr1,365 cr
Tax34 cr-1 cr56 cr
Net profit (owners' share)813 cr1,044 cr1,309 cr
Net margin (owners' share, on revenue)55.9%69.1%65.3%
EPS (₹)56.9173.1391.68
YoY (latest quarter): total income +71.0% · net profit +159.4%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹19,460 cr
Shareholder equity
₹16,962 cr
parent shareholders
Total debt
₹1,049 cr
Cash
₹4,337 cr
Cash flow · H1 FY26
Operating
₹1,243 cr
Investing
₹-402 cr
Financing
₹-1,241 cr
Peer comparison
Shipping · by market value
CompanyPriceMarket capP/E
The Great Eastern Shipping Company Limitedthis company₹1,425₹20,346 cr3.9
Shipping Corporation Of India Limited₹270₹12,577 cr5.1
Shreeji Shipping Global Limited₹691₹11,258 cr63.5
Seamec Limited₹1,739₹4,421 cr13.6
TRANSWORLD SHIPPING LINES LIMITED₹164₹361 cr3.1
Essar Shipping Limited₹16₹334 cr0.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
2.97%
trailing 12 months
Dividend / share (TTM)
₹42.3
Last dividend
₹14.4
ex 7 Aug 2026
ActionDetailEx-date
Dividend₹14.4 / share7 Aug 2026
Dividend₹11.7 / share20 May 2026
Dividend₹9 / share4 Feb 2026
Dividend₹7.2 / share13 Nov 2025
Dividend₹7.2 / share6 Aug 2025
Dividend₹5.4 / share15 May 2025
Who owns it · 2026-06-30
No pledge
Promoter
30.1%
FII / Foreign
31.0%
DII / Domestic
12.8%
Retail / others
26.1%
Smart-money activity
Insider trades
SoldGOPALI MULJI · Promoters10,000 · ₹25.6 L23 Dec 20
SoldGOPALI MULJI · Promoters15,000 · ₹38.0 L21 Dec 20
SoldGOPALI MULJI · Promoters10,000 · ₹27.2 L18 Dec 20
Bulk / block deals
short · NSE203 Sep 26
short · NSE1001 Sep 26
short · NSE80028 Aug 26
Stake changes
SoldHDFC Mutual Fund→ 5.21% · 31.93 L21 Aug 24
Soldnalanda india Equity Fund Ltd→ 2.98% · 5.44 L22 May 24
SoldICICI Prudential Mutual Fund→ 3.41% · 29.07 L26 Dec 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 1 Aug 2025
See the official result
1
Adoption of Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2025 together with the Auditors’ and Board’s Report thereon.
Backed by 100% of shareholders other than promotersneeded 50%
5.87 cr votes for, 18,591 against · 0% of mutual funds and other big investors said no
2
Re-appointment of Mr. Ravi K. Sheth as a Director retiring by rotation.
Promoters had a personal stake in this
Backed by 97% of shareholders other than promotersneeded 50%
5.76 cr votes for, 16.75 L against · 3% of mutual funds and other big investors said no
3
Re-appointment of Mr. Shivshankar Menon as an Independent Director of the Company for a second term of 5 years with effect from August 02, 2025
Backed by 91% of shareholders other than promotersneeded 75%
5.52 cr votes for, 55.25 L against · 10% of mutual funds and other big investors said no
4
Re-appointment of Mr. Bharat K. Sheth as Managing Director of the Company for a period of 5 years with effect from April 01, 2026.
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 75%
6.03 cr votes for, 4.75 L against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 18 named members
owning 30.1% between them · as of 2026-06-30
RAVI K SHETH (TRUSTEE OF GE BKS TRUST)11.14%
BHARAT K SHETH (TRUSTEE OF GE RKS TRUST)10.93%
LAADKI TRADING AND INVESTMENTS LIMITED4.31%
SACHIN MULJI0.74%
RAVI K SHETH0.54%
SANGITA MULJI0.41%
KABIR MULJI0.37%
BHARAT K SHETH0.36%
Business done with them
FY2026 · 1 of the group
The company paid ₹18 cr to companies in the promoter group last year — about 0.3% of its ₹5,409 cr revenue.
LAADKI TRADING AND INVESTMENTS LIMITED
Other payments to them · Dividend paid
also owns 4.31% of the company
₹18 cr
company paid

The company also transacted with 4 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.