NSEI:GESHIP

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Great Eastern Shipping

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


Snowflake Analysis

Undervalued average dividend payer.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

8.2%

GESHIP

-4.3%

IN Oil and Gas

-0.5%

IN Market


1 Year Return

-23.1%

GESHIP

10.1%

IN Oil and Gas

2.0%

IN Market

Return vs Industry: GESHIP underperformed the Indian Oil and Gas industry which returned 12.6% over the past year.

Return vs Market: GESHIP underperformed the Indian Market which returned 2.2% over the past year.


Shareholder returns

GESHIPIndustryMarket
7 Day8.2%-4.3%-0.5%
30 Day-7.2%-7.2%0.3%
90 Day6.1%0.6%7.1%
1 Year-20.2%-23.1%13.9%10.1%3.7%2.0%
3 Year-35.2%-40.4%31.7%18.6%2.0%-3.0%
5 Year-25.2%-36.0%120.9%82.8%40.9%30.4%

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

Valuation

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: GESHIP (₹233.9) is trading below our estimate of fair value (₹627.62)

Significantly Below Fair Value: GESHIP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GESHIP is good value based on its PE Ratio (4.7x) compared to the IN Oil and Gas industry average (12.7x).

PE vs Market: GESHIP is good value based on its PE Ratio (4.7x) compared to the Indian market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: GESHIP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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 (0.9x).


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?

-5.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GESHIP's earnings are forecast to decline over the next 3 years (-5.9% per year).

Earnings vs Market: GESHIP's earnings are forecast to decline over the next 3 years (-5.9% per year).

High Growth Earnings: GESHIP's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GESHIP's revenue (3.5% per year) is forecast to grow slower than the Indian market (11.6% per year).

High Growth Revenue: GESHIP's revenue (3.5% 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 GESHIP'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?

-35.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GESHIP has a large one-off gain of ₹1.4B impacting its June 30 2020 financial results.

Growing Profit Margin: GESHIP's current net profit margins (18.3%) are higher than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: GESHIP's earnings have declined by 35.9% per year over the past 5 years.

Accelerating Growth: GESHIP's earnings growth over the past year (324%) exceeds its 5-year average (-35.9% per year).

Earnings vs Industry: GESHIP earnings growth over the past year (324%) exceeded the Oil and Gas industry -22.6%.


Return on Equity

High ROE: GESHIP's Return on Equity (10.7%) is considered low.


Next Steps

Financial Health

How is Great Eastern Shipping's financial position?


Financial Position Analysis

Short Term Liabilities: GESHIP's short term assets (₹43.4B) exceed its short term liabilities (₹12.4B).

Long Term Liabilities: GESHIP's short term assets (₹43.4B) do not cover its long term liabilities (₹57.9B).


Debt to Equity History and Analysis

Debt Level: GESHIP's debt to equity ratio (77.7%) is considered high.

Reducing Debt: GESHIP's debt to equity ratio has reduced from 87.8% to 77.7% over the past 5 years.

Debt Coverage: GESHIP's debt is well covered by operating cash flow (28.1%).

Interest Coverage: GESHIP's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


Next Steps

Dividend

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

3.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GESHIP's dividend (3.46%) is higher than the bottom 25% of dividend payers in the Indian market (0.57%).

High Dividend: GESHIP's dividend (3.46%) is in the top 25% of dividend payers in the Indian market (2.29%)


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 increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.4%), GESHIP'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?

10.1yrs

Average board tenure


CEO

Bharat Sheth (62 yo)

21.75yrs

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 ($USD1.29M) is above average for companies of similar size in the Indian market ($USD355.74K).

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


Board Members

NamePositionTenureCompensationOwnership
Bharat Sheth
MD & Deputy Chairman21.75yrs₹94.37m11.04%
₹ 3.8b
G. Shivakumar
CFO & Executive Director5.92yrs₹24.67m0.000040%
₹ 13.7k
Tapas Icot
President of Shipping & Executive Director6.17yrs₹20.27m0.0011%
₹ 374.5k
Shankar Acharya
Additional Independent Director5.67yrs₹2.09mno data
Vineet Nayyar
Non-Executive Independent Director16.58yrs₹1.83m0.016%
₹ 5.4m
Kanaiyalal Sheth
Non-Executive Chairman28.75yrs₹1.59m0.19%
₹ 65.0m
Berjis Desai
Non-Independent Non-Executive Director14yrs₹2.94m0.00054%
₹ 185.5k
Cyrus Guzder
Non-Executive Independent Director17.58yrs₹3.87mno data
Ravi Sheth
Non-Executive Director14.75yrsno data11.24%
₹ 3.9b
Ranjit Pandit
Additional Independent Director1.33yrsno datano data
Raju Shukla
Additional Independent Director1.33yrs₹1.42mno data
Rita Bhagwati
Additional Independent Director5.92yrs₹2.44mno data

10.1yrs

Average Tenure

65yo

Average Age

Experienced Board: GESHIP's board of directors are seasoned and experienced ( 10.1 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.


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: GESHIP
  • Exchange: NSEI
  • Founded: 1948
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: ₹34.361b
  • Shares outstanding: 146.97m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500620BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 1991
GESHIPNSEI (National Stock Exchange of India)YesEquity SharesININRJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 12:44
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.