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Shareholders May Not Be So Generous With The Great Eastern Shipping Company Limited's (NSE:GESHIP) CEO Compensation And Here's Why
Key Insights
- Great Eastern Shipping's Annual General Meeting to take place on 1st of August
- Salary of ₹39.0m is part of CEO Bharat Sheth's total remuneration
- Total compensation is 1,513% above industry average
- Great Eastern Shipping's total shareholder return over the past three years was 128% while its EPS grew by 56% over the past three years
Under the guidance of CEO Bharat Sheth, The Great Eastern Shipping Company Limited (NSE:GESHIP) has performed reasonably well recently. This is something shareholders will keep in mind as they cast their votes on company resolutions such as executive remuneration in the upcoming AGM on 1st of August. However, some shareholders may still want to keep CEO compensation within reason.
See our latest analysis for Great Eastern Shipping
Comparing The Great Eastern Shipping Company Limited's CEO Compensation With The Industry
Our data indicates that The Great Eastern Shipping Company Limited has a market capitalization of ₹137b, and total annual CEO compensation was reported as ₹126m for the year to March 2025. This means that the compensation hasn't changed much from last year. While we always look at total compensation first, our analysis shows that the salary component is less, at ₹39m.
On examining similar-sized companies in the Indian Oil and Gas industry with market capitalizations between ₹87b and ₹277b, we discovered that the median CEO total compensation of that group was ₹7.8m. Hence, we can conclude that Bharat Sheth is remunerated higher than the industry median. Moreover, Bharat Sheth also holds ₹16b worth of Great Eastern Shipping stock directly under their own name, which reveals to us that they have a significant personal stake in the company.
Component | 2025 | 2024 | Proportion (2025) |
Salary | ₹39m | ₹37m | 31% |
Other | ₹87m | ₹86m | 69% |
Total Compensation | ₹126m | ₹123m | 100% |
Speaking on an industry level, nearly 60% of total compensation represents salary, while the remainder of 40% is other remuneration. Great Eastern Shipping pays a modest slice of remuneration through salary, as compared to the broader industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.
The Great Eastern Shipping Company Limited's Growth
The Great Eastern Shipping Company Limited has seen its earnings per share (EPS) increase by 56% a year over the past three years. Its revenue is up 1.3% over the last year.
This demonstrates that the company has been improving recently and is good news for the shareholders. It's good to see a bit of revenue growth, as this suggests the business is able to grow sustainably. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.
Has The Great Eastern Shipping Company Limited Been A Good Investment?
Boasting a total shareholder return of 128% over three years, The Great Eastern Shipping Company Limited has done well by shareholders. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.
In Summary...
Given that the company's overall performance has been reasonable, the CEO remuneration policy might not be shareholders' central point of focus in the upcoming AGM. However, any decision to raise CEO pay might be met with some objections from the shareholders given that the CEO is already paid higher than the industry average.
CEO compensation is an important area to keep your eyes on, but we've also need to pay attention to other attributes of the company. In our study, we found 3 warning signs for Great Eastern Shipping you should be aware of, and 1 of them is a bit concerning.
Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NSEI:GESHIP
Great Eastern Shipping
Through its subsidiaries, engages in the shipping and offshore businesses in India and internationally.
Flawless balance sheet, undervalued and pays a dividend.
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