Great Eastern Shipping
Market Cap
₹40.6b
Last Updated
2021/01/16 12:03 UTC
Data Sources
Company Financials +
Executive Summary
The Great Eastern Shipping Company Limited, through its subsidiaries, engages in the shipping and offshore oilfield businesses in India and internationally. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 23.8% per year for the next 3 years
Snowflake Analysis
Undervalued with proven track record and pays a dividend.
Share Price & News
How has Great Eastern Shipping's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 500620 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 500620's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-0.7%
500620
0.8%
IN Oil and Gas
-0.3%
IN Market
1 Year Return
-21.1%
500620
7.1%
IN Oil and Gas
15.9%
IN Market
Return vs Industry: 500620 underperformed the Indian Oil and Gas industry which returned 7% over the past year.
Return vs Market: 500620 underperformed the Indian Market which returned 15.9% over the past year.
Shareholder returns
| 500620 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | 0.8% | -0.3% |
| 30 Day | -2.0% | -1.1% | 4.9% |
| 90 Day | 17.4% | -1.4% | 24.5% |
| 1 Year | -18.2%-21.1% | 11.1%7.1% | 18.0%15.9% |
| 3 Year | -33.5%-38.8% | 32.3%18.6% | 9.7%4.4% |
| 5 Year | -3.4%-17.2% | 124.9%86.4% | 82.1%68.4% |
Long-Term Price Volatility Vs. Market
How volatile is Great Eastern Shipping's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 years ago | Simply Wall St
Want To Invest In The Great Eastern Shipping Company Limited (BOM:500620)? Here's How It Performed Lately2 years ago | Simply Wall St
Great Eastern Shipping And Other Great Energy Income Stocks2 years ago | Simply Wall St
You Should Diversify With These Energy Dividend StocksValuation
Is Great Eastern Shipping undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 500620 (₹276.05) is trading below our estimate of fair value (₹686.58)
Significantly Below Fair Value: 500620 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 500620 is good value based on its PE Ratio (4.2x) compared to the IN Oil and Gas industry average (19.3x).
PE vs Market: 500620 is good value based on its PE Ratio (4.2x) compared to the Indian market (19.5x).
Price to Earnings Growth Ratio
PEG Ratio: 500620's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 500620 is good value based on its PB Ratio (0.5x) compared to the IN Oil and Gas industry average (1x).
Next Steps
Future Growth
How is Great Eastern Shipping forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-23.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 500620's earnings are forecast to decline over the next 3 years (-23.8% per year).
Earnings vs Market: 500620's earnings are forecast to decline over the next 3 years (-23.8% per year).
High Growth Earnings: 500620's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 500620's revenue (4.6% per year) is forecast to grow slower than the Indian market (11.7% per year).
High Growth Revenue: 500620's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 500620's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Great Eastern Shipping performed over the past 5 years?
-26.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 500620 has high quality earnings.
Growing Profit Margin: 500620's current net profit margins (24.8%) are higher than last year (10.6%).
Past Earnings Growth Analysis
Earnings Trend: 500620's earnings have declined by 26.3% per year over the past 5 years.
Accelerating Growth: 500620's earnings growth over the past year (159.8%) exceeds its 5-year average (-26.3% per year).
Earnings vs Industry: 500620 earnings growth over the past year (159.8%) exceeded the Oil and Gas industry -26.2%.
Return on Equity
High ROE: 500620's Return on Equity (13.1%) is considered low.
Next Steps
Financial Health
How is Great Eastern Shipping's financial position?
Financial Position Analysis
Short Term Liabilities: 500620's short term assets (₹49.4B) exceed its short term liabilities (₹16.0B).
Long Term Liabilities: 500620's short term assets (₹49.4B) do not cover its long term liabilities (₹50.7B).
Debt to Equity History and Analysis
Debt Level: 500620's debt to equity ratio (58.1%) is considered high.
Reducing Debt: 500620's debt to equity ratio has reduced from 78.2% to 58.1% over the past 5 years.
Debt Coverage: 500620's debt is well covered by operating cash flow (45.6%).
Interest Coverage: 500620's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Great Eastern Shipping current dividend yield, its reliability and sustainability?
2.93%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 500620's dividend (2.93%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).
High Dividend: 500620's dividend (2.93%) is in the top 25% of dividend payers in the Indian market (1.81%)
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 low payout ratio (12.2%), 500620's dividend payments are thoroughly 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?
10.3yrs
Average board tenure
CEO
Bharat Sheth (62 yo)
22yrs
Tenure
₹94,369,891
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 ($USD1.29M) is above average for companies of similar size in the Indian market ($USD358.62K).
Compensation vs Earnings: Bharat's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Deputy Chairman | 22yrs | ₹94.37m | 11.04% ₹ 4.5b | |
| CFO & Executive Director | 6.17yrs | ₹24.67m | 0.000040% ₹ 16.2k | |
| President of Shipping & Executive Director | 6.42yrs | ₹20.27m | 0.0011% ₹ 442.2k | |
| Additional Independent Director | 5.92yrs | ₹2.09m | no data | |
| Non-Executive Independent Director | 16.83yrs | ₹1.83m | 0.016% ₹ 6.3m | |
| Non-Executive Chairman | 29yrs | ₹1.59m | 0.19% ₹ 76.8m | |
| Non-Independent Non-Executive Director | 14.25yrs | ₹2.94m | 0.00054% ₹ 219.1k | |
| Non-Executive Independent Director | 17.83yrs | ₹3.87m | no data | |
| Non-Executive Director | 15yrs | no data | 11.17% ₹ 4.5b | |
| Additional Independent Director | 1.58yrs | no data | no data | |
| Additional Independent Director | 1.58yrs | ₹1.42m | no data | |
| Additional Independent Director | 6.17yrs | ₹2.44m | no data |
10.3yrs
Average Tenure
65yo
Average Age
Experienced Board: 500620's board of directors are seasoned and experienced ( 10.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 500620 insiders have only sold shares in the past 3 months.
Recent Insider Transactions
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 company bio, 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
- Market Cap: ₹40.570b
- Shares outstanding: 146.97m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 500620 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Jan 1991 |
| GESHIP | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Jan 1991 |
Biography
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...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 12:03 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.