Great Eastern Shipping
Market Cap
₹37.3b
Last Updated
2019/09/15 12:46 UTC
Data Sources
Company Financials +
Executive Summary
The Great Eastern Shipping Company Limited, through its subsidiaries, engages in the shipping and offshore businesses in India and internationally.
Snowflake
Fundamentals
Moderate growth potential second-rate dividend payer.
Risks
- Great Eastern Shipping is covered by less than 3 analysts.
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
Market Performance
7 Day Return
2.5%
BSE:500620
1.2%
IN Oil and Gas
1.5%
IN Market
1 Year Return
-14.4%
BSE:500620
-9.4%
IN Oil and Gas
-11.2%
IN Market
500620 underperformed the Oil and Gas industry which returned -9.4% over the past year.
500620 underperformed the Market in India which returned -11.2% over the past year.
Share holder returns
| 500620 | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.5% | 1.2% | 1.5% |
| 30 Day | 6.4% | -0.5% | 1.0% |
| 90 Day | -6.3% | -9.0% | -5.6% |
| 1 Year | -12.4%-14.4% | -6.7%-9.4% | -9.5%-11.2% |
| 3 Year | -25.9%-31.1% | 40.2%26.0% | 19.7%13.7% |
| 5 Year | -33.1%-41.7% | 48.3%25.2% | 34.6%21.9% |
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
1 year ago | Simply Wall St
Want To Invest In The Great Eastern Shipping Company Limited (BOM:500620)? Here's How It Performed Lately1 year ago | Simply Wall St
Great Eastern Shipping And Other Great Energy Income Stocks1 year ago | Simply Wall St
Great Eastern Shipping And Other Great Energy Income StocksValuation
Is Great Eastern Shipping undervalued based on future cash flows and its price relative to the stock market?
39%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Great Eastern Shipping's share price is below the future cash flow value, and at a moderate discount (> 20%).
Great Eastern Shipping's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
Great Eastern Shipping is overvalued based on earnings compared to the IN Oil and Gas industry average.
Great Eastern Shipping is overvalued based on earnings compared to the India market.
Price Based on Expected Growth
Unable to calculate PEG ratio for Great Eastern Shipping, we can't assess if its growth is good value.
Price Based on Value of Assets
Great Eastern Shipping is good value based on assets compared to the IN Oil and Gas industry average.
Next Steps
Future Growth
How is Great Eastern Shipping expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
28.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Great Eastern Shipping's revenue is expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
Great Eastern Shipping's earnings are expected to grow significantly at over 20% yearly.
Great Eastern Shipping's revenue growth is positive but not above the India market average.
Great Eastern Shipping's earnings growth is expected to exceed the India market average.
Great Eastern Shipping's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Earnings per Share Growth Estimates
Future Return on Equity
Great Eastern Shipping is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
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Past Performance
How has Great Eastern Shipping performed over the past 5 years?
-41.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Great Eastern Shipping's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
Great Eastern Shipping has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
Great Eastern Shipping has become profitable in the last year making it difficult to compare the IN Oil and Gas industry average.
Return on Equity
Great Eastern Shipping has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Great Eastern Shipping used its assets less efficiently than the IN Oil and Gas industry average last year based on Return on Assets.
Return on Capital Employed
Great Eastern Shipping's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
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Financial Health
How is Great Eastern Shipping's financial position?
Financial Position Analysis
Great Eastern Shipping is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Great Eastern Shipping's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Great Eastern Shipping's level of debt (88.1%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (92.8% vs 88.1% today).
Debt is not well covered by operating cash flow (18.3%, less than 20% of total debt).
Interest payments on debt are not well covered by earnings (EBIT is 0.9x annual interest expense, ideally 3x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.7x debt.
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Dividend
What is Great Eastern Shipping's current dividend yield, its reliability and sustainability?
2.15%
Current Dividend Yield
Dividend Yield and Payments Analysis
Great Eastern Shipping's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.57%).
Great Eastern Shipping's dividend is below the markets top 25% of dividend payers in India (2.35%).
Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
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Management
What is the CEO of Great Eastern Shipping's salary, the management and board of directors tenure and is there insider trading?
13.3yrs
Average board tenure
CEO
Bharat Sheth (61yo)
20.7yrs
Tenure
₹84,215,513
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
Bharat's remuneration is higher than average for companies of similar size in India.
Bharat's compensation has increased in line with Great Eastern Shipping recently becoming profitable.
Board Age and Tenure
13.3yrs
Average Tenure
63yo
Average Age
The average tenure for the Great Eastern Shipping board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Insider Trading
No 3 month open market individual insider trading information.
Ownership Breakdown
Management Team
Jayesh Trivedi (59yo)
President of Secretarial & Legal
- Tenure: 0yrs
- Compensation: ₹13.28m
Bharat Sheth (61yo)
MD & Deputy Chairman
- Tenure: 20.7yrs
- Compensation: ₹84.22m
Tapas Icot (63yo)
President of Shipping & Executive Director
- Tenure: 5.1yrs
- Compensation: ₹21.89m
G. Shivakumar (51yo)
CFO & Executive Director
- Tenure: 4.8yrs
- Compensation: ₹21.61m
Udaybir Bakshi (44yo)
General Manager of Sale & Purchase
- Tenure: 0yrs
Correa Pradeep (58yo)
Head of Fleet Personnel
- Tenure: 0yrs
Correa Prakash (60yo)
Vice President of Operations
- Tenure: 0yrs
- Compensation: ₹17.31m
Salil Manalmaril (53yo)
Head of Human Resources
- Tenure: 0yrs
Avinash Sukthankar (55yo)
Assistant Vice President of Accounts & MIS
- Tenure: 0yrs
Anjali Kumar
Head of Corporate Communications
- Tenure: 0yrs
Board Members
Farrokh Kavarana (75yo)
Non-Executive Independent Director
- Tenure: 4.8yrs
- Compensation: ₹200.00k
Vineet Nayyar (81yo)
Non-Executive Independent Director
- Tenure: 15.5yrs
- Compensation: ₹500.00k
Bharat Sheth (61yo)
MD & Deputy Chairman
- Tenure: 20.7yrs
- Compensation: ₹84.22m
Kanaiyalal Sheth (87yo)
Non-Executive Chairman
- Tenure: 27.7yrs
- Compensation: ₹500.00k
Berjis Desai (63yo)
Independent Director
- Tenure: 12.9yrs
- Compensation: ₹1.50m
Tapas Icot (63yo)
President of Shipping & Executive Director
- Tenure: 5.1yrs
- Compensation: ₹21.89m
Cyrus Guzder (74yo)
Non-Executive Independent Director
- Tenure: 16.5yrs
- Compensation: ₹1.70m
Ravi Sheth (58yo)
Non-Executive Director
- Tenure: 13.7yrs
G. Shivakumar (51yo)
CFO & Executive Director
- Tenure: 4.8yrs
- Compensation: ₹21.61m
Rita Bhagwati
Non-Executive Independent Director
- Tenure: 4.8yrs
- Compensation: ₹1.10m
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: ₹37.312b
- Shares outstanding: 148.57m
- Website: https://www.greatship.com
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 businesses in India and internationally. The company is involved in the transportation of goods th ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/15 12:46 |
| End of Day Share Price | 2019/09/13 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/03/31 |
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.