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Last Updated on: 23 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 500620 | NSE: GESHIP

Great Eastern Shipping Company Ltd (GESHIP): Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 9:25 pm

Market Cap 15,521 Cr.
Current Price 1,089
High / Low1,544/803
Stock P/E5.48
Book Value 945
Dividend Yield2.65 %
ROCE18.5 %
ROE21.0 %
Face Value 10.0
PEG Ratio0.21

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Great Eastern Shipping Company Ltd (GESHIP)

Competitors of Great Eastern Shipping Company Ltd (GESHIP)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Chowgule Steamships Ltd 100 Cr. 27.636.5/13.5286 15.70.00 %3.05 %% 10.0
Great Eastern Shipping Company Ltd (GESHIP) 15,521 Cr. 1,0891,544/8035.48 9452.65 %18.5 %21.0 % 10.0
Shreyas Shipping & Logistics Ltd 782 Cr. 356440/230 3490.00 %3.91 %11.3 % 10.0
Shipping Corporation of India Ltd 10,277 Cr. 221385/13310.0 1730.23 %7.68 %8.75 % 10.0
SEAMEC Ltd 2,803 Cr. 1,1031,670/88318.6 3790.09 %12.5 %13.8 % 10.0
Industry Average5,058.83 Cr473.1080.02329.620.50%42.27%13.71%10.00

All Competitor Stocks of Great Eastern Shipping Company Ltd (GESHIP)

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales7698859399161,3661,4471,4211,4561,2841,2291,2451,4971,508
Expenses484495527530628654625609492586595561597
Operating Profit285390412386738793796847792643650937911
OPM %37%44%44%42%54%55%56%58%62%52%52%63%60%
Other Income-21034767-152531019551232151229195
Interest988576111938885776277675961
Depreciation179184184151179181184167180187194166197
Profit before tax5224200191450777629698601612540942848
Tax %-146%0%-3%1%-1%1%0%-4%4%3%0%4%4%
Net Profit12223205189457769627722576595538905812
EPS in Rs0.8415.1813.9713.2332.0153.8543.9350.5740.3641.6537.7063.4056.87

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales3,0073,0923,4383,8083,1173,0383,5473,6873,3373,5095,6905,2555,480
Expenses2,0421,6602,0051,8231,6861,8382,4802,4701,6831,9692,5632,2342,339
Operating Profit9651,4321,4331,9851,4311,2001,0671,2171,6531,5403,1283,0223,141
OPM %32%46%42%52%46%40%30%33%50%44%55%58%57%
Other Income556242276119506102269211232148481664807
Interest345375301288378455521450242370343265263
Depreciation592665610608678769773743700698712726743
Profit before tax5846337981,20888279422359436202,5542,6942,941
Tax %8%9%6%9%14%367%151%12%3%-2%-1%3%
Net Profit5385747481,097755-210-212079196302,5752,6142,850
EPS in Rs35.3038.0749.6372.7650.07-13.96-1.4214.0962.5044.09180.36183.11199.62
Dividend Payout %21%24%22%19%20%-52%-380%57%14%22%16%24%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)6.69%30.31%46.66%-31.18%-127.81%90.00%1085.71%343.96%-31.45%308.73%1.51%
Change in YoY Net Profit Growth (%)0.00%23.62%16.34%-77.83%-96.64%217.81%995.71%-741.75%-375.41%340.18%-307.22%

Great Eastern Shipping Company Ltd (GESHIP) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:8%
3 Years:16%
TTM:4%
Compounded Profit Growth
10 Years:16%
5 Years:194%
3 Years:42%
TTM:12%
Stock Price CAGR
10 Years:11%
5 Years:29%
3 Years:51%
1 Year:32%
Return on Equity
10 Years:11%
5 Years:15%
3 Years:19%
Last Year:21%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:30 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital152151151151151151151147147143143143143
Reserves6,1896,6227,2806,4137,0736,7776,6596,6497,5577,90910,13312,25513,356
Borrowings6,7396,1196,5405,7596,8166,2135,9995,2955,0474,6553,6493,0482,788
Other Liabilities1,3681,4841,5651,6101,3631,5231,5621,7421,3941,2621,2841,3621,379
Total Liabilities14,44914,37715,53513,93315,40214,66414,37013,83314,14513,96915,20916,80817,666
Fixed Assets9,6849,84210,8888,92510,3049,8099,6179,1239,0428,8778,4508,3298,710
CWIP203582273282213141232424355917
Investments2,0261,1421,2509128758566019631,3501,1571,5101,9702,145
Other Assets2,7193,0353,1703,7684,2013,9864,1383,6243,7293,9105,2156,4506,793
Total Assets14,44914,37715,53513,93315,40214,66414,37013,83314,14513,96915,20916,80817,666

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1,2561,3581,4452,1511,5229691,0961,4811,5341,3232,9752,808
Cash from Investing Activity +-409-348-725-440-1,548-412429622-882-33739-868
Cash from Financing Activity +-442-1,697-228-1,677713-1,158-1,020-1,872-505-1,189-1,893-1,330
Net Cash Flow405-68849134687-602505230147-2031,120610

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow959.00-5.00-5.00-4.00-5.00-5.00-4.00-4.00-4.00-3.000.000.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days453236302430313430333745
Inventory Days
Days Payable
Cash Conversion Cycle453236302430313430333745
Working Capital Days-216-239-211-161-187-143-132-351132328
ROCE %6%7%8%11%8%4%4%4%9%7%21%19%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters29.21%29.21%30.06%30.07%30.08%30.08%30.08%30.08%30.08%30.08%30.08%30.08%
FIIs19.58%20.64%21.94%22.06%23.92%25.07%25.94%26.18%27.30%26.75%27.41%24.51%
DIIs23.95%21.83%20.36%20.64%18.58%17.13%17.04%16.66%15.91%16.39%16.60%17.36%
Government0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%
Public27.25%28.31%27.63%27.21%27.41%27.71%26.93%27.08%26.72%26.76%25.91%28.05%
No. of Shareholders80,46580,76375,42871,25173,12679,34279,04185,12195,75798,0471,00,2511,24,075

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Small Cap Fund - Regular Plan2,851,7872.26395.73740,0002024-11-22285.38%
ICICI Prudential Value Discovery Fund1,484,4190.42205.99740,0002024-11-22100.6%
UTI Value Fund1,200,0001.61166.52740,0002024-11-2262.16%
Canara Robeco Small Cap Fund1,172,5011.35162.7740,0002024-11-2258.45%
UTI Dividend Yield Fund740,0002.35102.69740,0002024-11-220%
Bandhan Small Cap Fund493,2851.0368.45740,0002024-11-22-33.34%
UTI Aggressive Hybrid Fund491,1601.1268.16740,0002024-11-22-33.63%
Mahindra Manulife Multi Cap Fund396,0001.2454.95740,0002024-11-22-46.49%
Mahindra Manulife Small Cap Fund387,1491.0753.72740,0002024-11-22-47.68%
HDFC Balanced Advantage Fund - Regular Plan350,0000.0548.57740,0002024-11-22-52.7%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)183.11180.3642.9962.5013.94
Diluted EPS (Rs.)182.74180.0042.9962.3813.91
Cash EPS (Rs.)233.96230.2392.99110.1664.64
Book Value[Excl.RevalReserv]/Share (Rs.)868.35719.71563.93524.21462.38
Book Value[Incl.RevalReserv]/Share (Rs.)868.35719.71563.93524.21462.38
Revenue From Operations / Share (Rs.)368.09398.57257.00227.02250.85
PBDIT / Share (Rs.)258.12252.74118.21128.2797.17
PBIT / Share (Rs.)207.26202.8669.3380.6246.63
PBT / Share (Rs.)188.72178.8643.4064.1415.99
Net Profit / Share (Rs.)183.10180.3644.1062.5014.09
NP After MI And SOA / Share (Rs.)183.10180.3644.1062.5014.09
PBDIT Margin (%)70.1263.4145.9956.5038.73
PBIT Margin (%)56.3050.8926.9735.5118.58
PBT Margin (%)51.2744.8716.8828.256.37
Net Profit Margin (%)49.7445.2517.1627.525.61
NP After MI And SOA Margin (%)49.7445.2517.1627.525.61
Return on Networth / Equity (%)21.0825.067.8211.923.04
Return on Capital Employeed (%)19.3321.027.909.275.44
Return On Assets (%)15.5516.934.506.491.49
Long Term Debt / Equity (X)0.190.290.490.570.70
Total Debt / Equity (X)0.240.350.570.570.70
Asset Turnover Ratio (%)0.320.370.220.210.23
Current Ratio (X)5.444.523.403.553.49
Quick Ratio (X)5.274.383.243.393.31
Dividend Payout Ratio (NP) (%)18.8413.9731.504.3177.43
Dividend Payout Ratio (CP) (%)14.7410.9414.942.4516.88
Earning Retention Ratio (%)81.1686.0368.5095.6922.57
Cash Earning Retention Ratio (%)85.2689.0685.0697.5583.12
Interest Coverage Ratio (X)13.9210.534.567.793.17
Interest Coverage Ratio (Post Tax) (X)10.888.512.704.791.46
Enterprise Value (Cr.)12419.389010.946713.376235.855338.43
EV / Net Operating Revenue (X)2.361.581.831.871.45
EV / EBITDA (X)3.372.503.983.313.74
MarketCap / Net Operating Revenue (X)2.721.611.341.380.82
Retention Ratios (%)81.1586.0268.4995.6822.56
Price / BV (X)1.150.890.610.590.44
Price / Net Operating Revenue (X)2.721.611.341.380.82
EarningsYield0.180.280.120.200.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Great Eastern Shipping Company Ltd (GESHIP) as of November 23, 2024 is: 1,116.32

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 23, 2024, Great Eastern Shipping Company Ltd (GESHIP) is Undervalued by 2.51% compared to the current share price 1,089.00

Intrinsic Value of Great Eastern Shipping Company Ltd (GESHIP) as of November 23, 2024 is: 1,408.16

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 23, 2024, Great Eastern Shipping Company Ltd (GESHIP) is Undervalued by 29.31% compared to the current share price 1,089.00

Last 5 Year EPS CAGR: 26.14%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -104.92, which is a positive sign.
  2. The company has higher reserves (8,067.08 cr) compared to borrowings (5,282.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (3.46 cr) and profit (371.00 cr) over the years.
  1. The stock has a low average ROCE of 9.00%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 33.92, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Great Eastern Shipping Company Ltd (GESHIP):
    1. Net Profit Margin: 49.74%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 19.33% (Industry Average ROCE: 42.27%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 21.08% (Industry Average ROE: 13.71%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 10.88
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 5.27
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 5.48 (Industry average Stock P/E: 80.02)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.24
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Great Eastern Shipping Company Ltd. is a Public Limited Listed company incorporated on 03/08/1948 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L35110MH1948PLC006472 and registration number is 006472. Currently Company is involved in the business activities of Sea and coastal freight water transport. Company’s Total Operating Revenue is Rs. 2832.03 Cr. and Equity Capital is Rs. 142.77 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
ShippingOcean House, Mumbai Maharashtra 400018shares@greatship.com
http://www.greatship.com
Management
NamePosition Held
Mr. K M ShethChairman
Mr. Bharat K ShethDy. Chairman & Manag. Director
Mr. G ShivakumarExecutive Director & CFO
Mr. Tapas IcotExecutive Director
Mr. Ravi K ShethDirector
Mrs. Bhavna DoshiDirector
Mrs. Rita BhagwatiDirector
Mr. Raju ShuklaDirector
Mr. Berjis DesaiDirector
Mr. Uday ShankarDirector
Dr. Shankar N AcharyaDirector
Mr. Ranjit Vasant PanditDirector
Mr. Shivshankar MenonDirector
Mr. T N NinanDirector
Mr. Keki MistryDirector

FAQ

What is the latest intrinsic value of Great Eastern Shipping Company Ltd (GESHIP)?

The latest intrinsic value of Great Eastern Shipping Company Ltd (GESHIP) as on 22 November 2024 is ₹1116.32, which is 2.51% higher than the current market price of ₹1,089.00.

What is the Market Cap of Great Eastern Shipping Company Ltd (GESHIP)?

The Market Cap of Great Eastern Shipping Company Ltd (GESHIP) is 15,521 Cr..

What is the current Stock Price of Great Eastern Shipping Company Ltd (GESHIP) as on 22 November 2024?

The current stock price of Great Eastern Shipping Company Ltd (GESHIP) as on 22 November 2024 is 1,089.

What is the High / Low of Great Eastern Shipping Company Ltd (GESHIP) stocks in FY 2024?

In FY 2024, the High / Low of Great Eastern Shipping Company Ltd (GESHIP) stocks is 1,544/803.

What is the Stock P/E of Great Eastern Shipping Company Ltd (GESHIP)?

The Stock P/E of Great Eastern Shipping Company Ltd (GESHIP) is 5.48.

What is the Book Value of Great Eastern Shipping Company Ltd (GESHIP)?

The Book Value of Great Eastern Shipping Company Ltd (GESHIP) is 945.

What is the Dividend Yield of Great Eastern Shipping Company Ltd (GESHIP)?

The Dividend Yield of Great Eastern Shipping Company Ltd (GESHIP) is 2.65 %.

What is the ROCE of Great Eastern Shipping Company Ltd (GESHIP)?

The ROCE of Great Eastern Shipping Company Ltd (GESHIP) is 18.5 %.

What is the ROE of Great Eastern Shipping Company Ltd (GESHIP)?

The ROE of Great Eastern Shipping Company Ltd (GESHIP) is 21.0 %.

What is the Face Value of Great Eastern Shipping Company Ltd (GESHIP)?

The Face Value of Great Eastern Shipping Company Ltd (GESHIP) is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Great Eastern Shipping Company Ltd (GESHIP). Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE