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Last Updated on: 18 February, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 500620 | NSE: GESHIP

Great Eastern Shipping Company Ltd (GESHIP): Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: February 18, 2025, 12:03 pm

Market Cap 12,791 Cr.
Current Price 896
High / Low 1,544/853
Stock P/E5.38
Book Value 945
Dividend Yield3.21 %
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 Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Chowgule Steamships Ltd 89.9 Cr. 24.8 36.5/16.2257 15.70.00 %3.05 %% 10.0
Great Eastern Shipping Company Ltd (GESHIP) 12,791 Cr. 896 1,544/8535.38 9453.21 %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 6,945 Cr. 149 385/1487.16 1730.32 %7.68 %8.75 % 10.0
SEAMEC Ltd 2,223 Cr. 874 1,670/78024.4 3790.11 %12.5 %13.8 % 10.0
Industry Average3,922.83 Cr345.6465.31287.230.52%37.03%15.57%10.00

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

Quarterly Result

MetricJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales 7698859399161,3661,4471,4211,4561,2841,2291,2451,4971,508
Expenses 484495527530628654625609492586595561597
Operating Profit 285390412386738793796847792643650937911
OPM % 37%44%44%42%54%55%56%58%62%52%52%63%60%
Other Income -21034767-152531019551232151229195
Interest 988576111938885776277675961
Depreciation 179184184151179181184167180187194166197
Profit before tax 5224200191450777629698601612540942848
Tax % -146%0%-3%1%-1%1%0%-4%4%3%0%4%4%
Net Profit 12223205189457769627722576595538905812
EPS in Rs 0.8415.1813.9713.2332.0153.8543.9350.5740.3641.6537.7063.4056.87

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MetricMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 3,0073,0923,4383,8083,1173,0383,5473,6873,3373,5095,6905,2555,480
Expenses 2,0421,6602,0051,8231,6861,8382,4802,4701,6831,9692,5632,2342,339
Operating Profit 9651,4321,4331,9851,4311,2001,0671,2171,6531,5403,1283,0223,141
OPM % 32%46%42%52%46%40%30%33%50%44%55%58%57%
Other Income 556242276119506102269211232148481664807
Interest 345375301288378455521450242370343265263
Depreciation 592665610608678769773743700698712726743
Profit before tax 5846337981,20888279422359436202,5542,6942,941
Tax % 8%9%6%9%14%367%151%12%3%-2%-1%3%
Net Profit 5385747481,097755-210-212079196302,5752,6142,850
EPS in Rs 35.3038.0749.6372.7650.07-13.96-1.4214.0962.5044.09180.36183.11199.62
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:7%
Compounded Profit Growth
10 Years:16%
5 Years:194%
3 Years:42%
TTM:5%
Stock Price CAGR
10 Years:10%
5 Years:27%
3 Years:42%
1 Year:-2%
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 Capital 152151151151151151151147147143143143143
Reserves 6,1896,6227,2806,4137,0736,7776,6596,6497,5577,90910,13312,25513,356
Borrowings 6,7396,1196,5405,7596,8166,2135,9995,2955,0474,6553,6493,0482,788
Other Liabilities 1,3681,4841,5651,6101,3631,5231,5621,7421,3941,2621,2841,3621,379
Total Liabilities 14,44914,37715,53513,93315,40214,66414,37013,83314,14513,96915,20916,80817,666
Fixed Assets 9,6849,84210,8888,92510,3049,8099,6179,1239,0428,8778,4508,3298,710
CWIP 203582273282213141232424355917
Investments 2,0261,1421,2509128758566019631,3501,1571,5101,9702,145
Other Assets 2,7193,0353,1703,7684,2013,9864,1383,6243,7293,9105,2156,4506,793
Total Assets 14,44914,37715,53513,93315,40214,66414,37013,83314,14513,96915,20916,80817,666

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 Plan2,851,7872.26395.732,851,7872025-02-170%
ICICI Prudential Value Discovery Fund1,484,4190.42205.992,851,7872025-02-17-47.95%
UTI Value Fund1,200,0001.61166.522,851,7872025-02-17-57.92%
Canara Robeco Small Cap Fund1,172,5011.35162.72,851,7872025-02-17-58.89%
UTI Dividend Yield Fund740,0002.35102.692,851,7872025-02-17-74.05%
Bandhan Small Cap Fund493,2851.0368.452,851,7872025-02-17-82.7%
UTI Aggressive Hybrid Fund491,1601.1268.162,851,7872025-02-17-82.78%
Mahindra Manulife Multi Cap Fund396,0001.2454.952,851,7872025-02-17-86.11%
Mahindra Manulife Small Cap Fund387,1491.0753.722,851,7872025-02-17-86.42%
HDFC Balanced Advantage Fund - Regular Plan350,0000.0548.572,851,7872025-02-17-87.73%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
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
EarningsYield 0.180.280.120.200.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Great Eastern Shipping Company Ltd (GESHIP) as of February 18, 2025 is: ₹881.55

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 February 18, 2025, Great Eastern Shipping Company Ltd (GESHIP) is Overvalued by 1.61% compared to the current share price ₹896.00

Intrinsic Value of Great Eastern Shipping Company Ltd (GESHIP) as of February 18, 2025 is: 1,112.02

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 February 18, 2025, Great Eastern Shipping Company Ltd (GESHIP) is Undervalued by 24.11% compared to the current share price ₹896.00

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: 37.03%)
      • 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: 11.12%)
      • 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: 5.38 (Industry average Stock P/E: 46.65)
      • 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. 4164.79 Cr. and Equity Capital is Rs. 142.77 Cr. for the Year ended 31/03/2024.
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 Great Eastern Shipping Company Ltd (GESHIP)'s true worth and is it a good investment?

Let's break down Great Eastern Shipping Company Ltd (GESHIP)'s valuation simply:

We calculate intrinsic value using the PE Ratio Method - comparing the company's current price-to-earnings ratio with its historical average and industry peers. Think of it like checking if a stock is "on sale" compared to its typical pricing.

As of 18 February 2025:

  • Calculated Fair Value: ₹881.55
  • Current Market Price: ₹896.00
  • Variance: 1.61% lower

This suggests Great Eastern Shipping Company Ltd (GESHIP) is currently overvalued by 1.61%. For context:

  • Market Cap: 12,791 Cr.
  • 52-Week Range: 1,544/853
  • Reserves (Sep 2024): ₹13,356 Cr
  • Liabilities: 17,666 Cr

Remember: The PE method gives a snapshot based on earnings multiples. While useful for quick comparisons, investors should also consider growth prospects, industry trends, and economic conditions. This calculation assumes historical PE ratios remain relevant - always verify with current market dynamics.

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

The Market Cap of Great Eastern Shipping Company Ltd (GESHIP) is 12,791 Cr..

What is the current Stock Price of Great Eastern Shipping Company Ltd (GESHIP) as on 18 February 2025?

The current stock price of Great Eastern Shipping Company Ltd (GESHIP) as on 18 February 2025 is ₹896.

What is the High / Low of Great Eastern Shipping Company Ltd (GESHIP) stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Great Eastern Shipping Company Ltd (GESHIP) stocks is 1,544/853.

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 5.38.

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 3.21 %.

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.

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