The Great Eastern Shipping Company Limited, through its subsidiaries, engages in the shipping and offshore businesses in India and internationally.
Undervalued with mediocre balance sheet.
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: GESHIP's share price has been volatile over the past 3 months.
7 Day Return
IN Oil and Gas
1 Year Return
IN Oil and Gas
Return vs Industry: GESHIP matched the Indian Oil and Gas industry which returned -30.9% over the past year.
Return vs Market: GESHIP matched the Indian Market which returned -30.7% over the past year.
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 days ago | Simply Wall StGreat Eastern Shipping (NSE:GESHIP) Seems To Use Debt Quite Sensibly
3 weeks ago | Simply Wall StRead This Before Considering The Great Eastern Shipping Company Limited (NSE:GESHIP) For Its Upcoming ₹5.40 Dividend
1 month ago | Simply Wall StThose Who Purchased Great Eastern Shipping (NSE:GESHIP) Shares Five Years Ago Have A 31% Loss To Show For It
Is Great Eastern Shipping undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GESHIP (₹201.45) is trading below our estimate of fair value (₹818.33)
Significantly Below Fair Value: GESHIP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GESHIP is poor value based on its PE Ratio (7.3x) compared to the Oil and Gas industry average (6.5x).
PE vs Market: GESHIP is good value based on its PE Ratio (7.3x) compared to the Indian market (9.4x).
Price to Earnings Growth Ratio
PEG Ratio: GESHIP is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: GESHIP is good value based on its PB Ratio (0.5x) compared to the IN Oil and Gas industry average (0.8x).
How is Great Eastern Shipping forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GESHIP's forecast earnings growth (15.8% per year) is above the savings rate (6.5%).
Earnings vs Market: GESHIP's earnings (15.8% per year) are forecast to grow slower than the Indian market (19.2% per year).
High Growth Earnings: GESHIP's earnings are forecast to grow, but not significantly.
Revenue vs Market: GESHIP's revenue (5.3% per year) is forecast to grow slower than the Indian market (8.8% per year).
High Growth Revenue: GESHIP's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GESHIP's Return on Equity is forecast to be low in 3 years time (7.2%).
How has Great Eastern Shipping performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GESHIP has high quality earnings.
Growing Profit Margin: GESHIP became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: GESHIP's earnings have declined by -41.2% per year over the past 5 years.
Accelerating Growth: GESHIP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GESHIP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-17%).
Return on Equity
High ROE: GESHIP's Return on Equity (6.2%) is considered low.
How is Great Eastern Shipping's financial position?
Financial Position Analysis
Short Term Liabilities: GESHIP's short term assets (₹36.7B) exceed its short term liabilities (₹13.3B).
Long Term Liabilities: GESHIP's short term assets (₹36.7B) do not cover its long term liabilities (₹55.7B).
Debt to Equity History and Analysis
Debt Level: GESHIP's debt to equity ratio (73.6%) is considered high.
Reducing Debt: GESHIP's debt to equity ratio has reduced from 86.1% to 73.6% over the past 5 years.
Debt Coverage: GESHIP's debt is well covered by operating cash flow (24.6%).
Interest Coverage: GESHIP's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Inventory Level: GESHIP has a high level of physical assets or inventory.
Debt Coverage by Assets: GESHIP's debt is not covered by short term assets (assets are 0.8x debt).
What is Great Eastern Shipping's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GESHIP's dividend (2.71%) is higher than the bottom 25% of dividend payers in the Indian market (0.95%).
High Dividend: GESHIP's dividend (2.71%) is low compared to the top 25% of dividend payers in the Indian market (4.06%).
Stability and Growth of Payments
Stable Dividend: GESHIP's dividend payments have been volatile in the past 10 years.
Growing Dividend: GESHIP's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (19.9%), GESHIP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GESHIP's dividends in 3 years are forecast to be well covered by earnings (30.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Bharat Sheth (61yo)
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 ($USD1.10M) is above average for companies of similar size in the Indian market ($USD347.76K).
Compensation vs Earnings: Bharat's compensation has been consistent with company performance over the past year.
|MD & Deputy Chairman||21.25yrs||₹84.22m||10.77% ₹3.2b|
|CFO & Executive Director||5.42yrs||₹21.61m||0.000040% ₹11.7k|
|President of Shipping & Executive Director||5.67yrs||₹21.89m||0.0011% ₹319.4k|
|Additional Independent Director||5.17yrs||₹600.00k||no data|
|Non-Executive Independent Director||16.08yrs||₹500.00k||0.016% ₹4.6m|
|Non-Executive Chairman||28.25yrs||₹500.00k||0.19% ₹55.5m|
|Non-Independent Non-Executive Director||13.5yrs||₹1.50m||0.00054% ₹158.2k|
|Non-Executive Independent Director||17.08yrs||₹1.70m||0.00067% ₹196.3k|
|Non-Executive Director||14.25yrs||no data||10.6% ₹3.1b|
|Additional Independent Director||5.42yrs||₹1.10m||no data|
Experienced Board: GESHIP's board of directors are seasoned and experienced ( 13.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GESHIP insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The Great Eastern Shipping Company Limited's company bio, employee growth, exchange listings and data sources
- Name: The Great Eastern Shipping Company Limited
- Ticker: GESHIP
- Exchange: NSEI
- Founded: 1948
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: ₹29.305b
- Shares outstanding: 146.97m
- Website: https://www.greatship.com
- The Great Eastern Shipping Company Limited
- Ocean House
- 134/A, Dr. Annie Besant Road
|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|
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 through dry bulk carriers and tankers. As of August 28, 2019, it operated through a fleet of 47 ships aggregating 3.85 Mn dwt. The company also offers offshore oilfield services. It serves various industries, oil companies, and governments. The Great Eastern Shipping Company Limited was incorporated in 1948 and is based in Mumbai, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 12:55|
|End of Day Share Price||2020/04/03 00:00|
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.