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5006

Great Eastern ShippingBSE:500620 Stock Report

Last Price

₹309.05

Market Cap

₹45.4b

7D

-3.4%

1Y

21.8%

Updated

26 Jan, 2022

Data

Company Financials
500620 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends4/6

500620 Stock Overview

The Great Eastern Shipping Company Limited, through its subsidiaries, engages in the shipping and offshore oilfield businesses in India and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Great Eastern Shipping
Historical stock prices
Current Share Price₹309.05
52 Week High₹477.00
52 Week Low₹229.00
Beta0.67
1 Month Change5.42%
3 Month Change-2.62%
1 Year Change21.84%
3 Year Change2.57%
5 Year Change-21.78%
Change since IPO783.00%

Recent News & Updates

Shareholder Returns

500620IN Oil and GasIN Market
7D-3.4%-4.6%-4.9%
1Y21.8%25.4%30.7%

Return vs Industry: 500620 underperformed the Indian Oil and Gas industry which returned 25.4% over the past year.

Return vs Market: 500620 underperformed the Indian Market which returned 30.7% over the past year.

Price Volatility

Is 500620's price volatile compared to industry and market?
500620 volatility
500620 Average Weekly Movement4.1%
Oil and Gas Industry Average Movement5.0%
Market Average Movement6.8%
10% most volatile stocks in IN Market10.1%
10% least volatile stocks in IN Market4.1%

Stable Share Price: 500620 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 500620's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19481,262Bharat Shethhttps://www.greatship.com

The Great Eastern Shipping Company Limited, through its subsidiaries, engages in the shipping and offshore oilfield businesses in India and internationally. The company is involved in the transportation of crude oil, petroleum products, and gas and dry bulk commodities through dry bulk carriers and tankers. As of March 31, 2021, it operated a fleet of 45 vessels comprising 32 tankers, including 9 crude carriers, 18 product tankers, and 5 LPG carriers; and 13 dry bulk carriers with an aggregating 3.64 million dwt.

Great Eastern Shipping Fundamentals Summary

How do Great Eastern Shipping's earnings and revenue compare to its market cap?
500620 fundamental statistics
Market Cap₹45.39b
Earnings (TTM)₹4.61b
Revenue (TTM)₹31.47b

9.9x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500620 income statement (TTM)
Revenue₹31.47b
Cost of Revenue₹17.07b
Gross Profit₹14.41b
Expenses₹9.80b
Earnings₹4.61b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 28, 2022

Earnings per share (EPS)31.37
Gross Margin45.77%
Net Profit Margin14.64%
Debt/Equity Ratio61.2%

How did 500620 perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

29%

Payout Ratio

Valuation

Is Great Eastern Shipping undervalued compared to its fair value and its price relative to the market?

9.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 500620 (₹309.05) is trading above our estimate of fair value (₹287.39)

Significantly Below Fair Value: 500620 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 500620 is good value based on its PE Ratio (9.9x) compared to the Indian Oil and Gas industry average (17.2x).

PE vs Market: 500620 is good value based on its PE Ratio (9.9x) compared to the Indian market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 500620's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 500620 is good value based on its PB Ratio (0.6x) compared to the IN Oil and Gas industry average (1.7x).


Future Growth

How is Great Eastern Shipping forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.6%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Great Eastern Shipping has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Great Eastern Shipping performed over the past 5 years?

10.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500620 has a large one-off gain of ₹1.6B impacting its September 30 2021 financial results.

Growing Profit Margin: 500620's current net profit margins (14.6%) are lower than last year (24.8%).


Past Earnings Growth Analysis

Earnings Trend: 500620's earnings have grown by 10% per year over the past 5 years.

Accelerating Growth: 500620's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 500620 had negative earnings growth (-52.7%) over the past year, making it difficult to compare to the Oil and Gas industry average (40%).


Return on Equity

High ROE: 500620's Return on Equity (5.9%) is considered low.


Financial Health

How is Great Eastern Shipping's financial position?


Financial Position Analysis

Short Term Liabilities: 500620's short term assets (₹46.8B) exceed its short term liabilities (₹10.9B).

Long Term Liabilities: 500620's short term assets (₹46.8B) do not cover its long term liabilities (₹50.2B).


Debt to Equity History and Analysis

Debt Level: 500620's net debt to equity ratio (11.2%) is considered satisfactory.

Reducing Debt: 500620's debt to equity ratio has reduced from 64.7% to 61.2% over the past 5 years.

Debt Coverage: 500620's debt is well covered by operating cash flow (22.3%).

Interest Coverage: 500620's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Dividend

What is Great Eastern Shipping current dividend yield, its reliability and sustainability?

2.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 500620's dividend (2.91%) is higher than the bottom 25% of dividend payers in the Indian market (0.31%).

High Dividend: 500620's dividend (2.91%) is in the top 25% of dividend payers in the Indian market (1.37%)


Stability and Growth of Payments

Stable Dividend: 500620's dividend payments have been volatile in the past 10 years.

Growing Dividend: 500620's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.7%), 500620's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

16.0yrs

Average management tenure


CEO

Bharat Sheth (63 yo)

23yrs

Tenure

₹85,115,985

Compensation

Mr. Bharat Kanaiyalal Sheth has been the Managing Director of The Great Eastern Shipping Company Limited since April 1, 1999. Mr. Sheth has expertise in specific functional areas include management and mar...


CEO Compensation Analysis

Compensation vs Market: Bharat's total compensation ($USD1.14M) is above average for companies of similar size in the Indian market ($USD338.20K).

Compensation vs Earnings: Bharat's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 500620's management team is seasoned and experienced (16 years average tenure).


Board Members

Experienced Board: 500620's board of directors are seasoned and experienced ( 11.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The Great Eastern Shipping Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: The Great Eastern Shipping Company Limited
  • Ticker: 500620
  • Exchange: BSE
  • Founded: 1948
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: ₹45.392b
  • Shares outstanding: 146.88m
  • Website: https://www.greatship.com

Number of Employees


Location

  • The Great Eastern Shipping Company Limited
  • Ocean House
  • 134/A, Dr. Annie Besant Road
  • Mumbai
  • Maharashtra
  • 400018
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 12:01
End of Day Share Price2022/01/25 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.