Great Eastern Shipping Company
- Market cap
- ₹ 21,898 Cr.
- P/E
- 6x
- P/B
- 1.28x
- 52-week range
- 1,035.1 – 1,798
- ROE
- 16%
- ROCE
- 16%
- Dividend yield
- 2.8%
- Debt / equity
- 0.06
- Sector
- Transport Services
- Industry
- Shipping
- Listed on
- NSE, BSE
About
The Great Eastern Shipping Company Limited is an India-based company which operates as a shipping service provider. It operates in two main businesses. The Shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities. It is engaged in managing a diverse fleet of Crude Oil Carriers, Product Carriers, LPG Carriers, and various classes of Dry Bulk Carriers. The Offshore business services oil companies in carrying out offshore exploration and production activities, through its subsidiary Greatship (India) Limited. Its crude oil carriers include Jag Lok, Jag Lalit, Jag Leena, Jag Lakshya, Jag Leela and Jag Laxmi. Its product carriers include Jag Lokesh, Jag Lara, Jag Aabha, Jag Aanchal, Jag Amisha, Jag Aparna. Its LPG Carriers Include Jag Vikram, Jag Vishnu, Jag Vasant, and Jag Viraat. Its Dry Bulk Carriers include Jag Anand, Jag Alaia, Jag Aarati, among others. Its fleet include over 38 vessels, 26 tankers and 12 dry bulk carriers.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Shipping: 14 companies →Great Eastern Shipping Company against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)6 against a typical 10.8: cheaper than most peers (1st = cheapest).2nd of 13
- Sales growth+66.9% against a typical +35.1% from a year earlier.3rd of 10
- Profit growth+159.7% against a typical +101.7% from a year earlier.2nd of 6
- Share price, 3 months+13.7% against a typical −5.1%.3rd of 13
- Size₹ 21,898 Cr. market value against a typical ₹ 303.8 Cr. (1st = largest).1st of 13
Latest announcements
Exchange filings and their impact on the company.
- GE Shipping to add a 2015-built 82,000 cbm VLGC in Q3 FY27 funded from cash, lifting fleet and earnings slightly.
GE Shipping has contracted on October 23, 2026 to buy a secondhand Very Large Gas Carrier of about 82,000 cbm built in 2015, expected to join the fleet in Q3 FY27. The purchase will be funded entirely from internal accruals for fleet expansion. The company currently owns 40 vessels aggregating 3.24 mn dwt with close to 100% utilization, and has also contracted two secondhand Kamsarmax bulkers and a new Suezmax tanker for later delivery.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by Brickwork- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | Withdrawn | Stable | 24 Jun 2026 |
| CRISIL | Withdrawn | Stable | 20 Feb 2026 |
| Brickwork | BWR AAA | Stable | 5 Jan 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 24 Jun 2026 | Withdrawn | was CARE AAA | — | CARE | ₹ 700 Cr. | |
| 20 Feb 2026 | Withdrawn | was Crisil AAA | — | CRISIL | ₹ 1,500 Cr. | |
| 5 Jan 2026 | Reaffirmed | BWR AAA | — | Brickwork | ₹ 1,750 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 27 Aug 2026 | Buyback | To consider a proposal for buyback for equity shares |
| 3 Aug 2026 | Financial Results/Dividend | To consider and approve the Unaudited financial results (Provisional) for the quarter ended June 30, 2026 and declaration of interim dividend for FY 2026-27, if any. |
| 14 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and declaration of dividend, if any |
| 29 Jan 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended December 31, 2025 and dividend |
| 7 Nov 2025 | Financial Results/Dividend | To consider and approve the Unaudited Financial Results (Provisional) for the quarter and half year ended September 30, 2025 and Declaration of Interim Dividend for the Financial Year 2025-26, if any. |
| 31 Jul 2025 | Financial Results/Dividend | To consider and approve the unaudited financial results (Provisional) for the quarter ended June 30, 2025 and declaration of interim dividend for FY 2025-26, if any. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,229 | 1,245 | 1,497 | 1,508 | 1,354 | 1,237 | 1,223 | 1,201 | 1,242 | 1,454 | 1,511 | 2,005 |
| Expenses | 586 | 595 | 561 | 597 | 701 | 626 | 721 | 559 | 514 | 619 | 570 | 668 |
| Operating Profit | 643 | 650 | 937 | 911 | 654 | 611 | 502 | 643 | 728 | 836 | 941 | 1,338 |
| OPM % | 52% | 52% | 63% | 60% | 48% | 49% | 41% | 54% | 59% | 57% | 62% | 67% |
| Other Income | 232 | 151 | 229 | 195 | 225 | 264 | 150 | 135 | 140 | 282 | 346 | 281 |
| Interest | 77 | 67 | 59 | 61 | 64 | 61 | 51 | 45 | 44 | 25 | 23 | 20 |
| Depreciation | 187 | 194 | 166 | 197 | 206 | 205 | 205 | 197 | 224 | 246 | 222 | 234 |
| Profit before tax | 612 | 540 | 942 | 848 | 610 | 608 | 396 | 536 | 601 | 847 | 1,043 | 1,365 |
| Tax % | 3% | 0% | 4% | 4% | 6% | 2% | 8% | 6% | 3% | 4% | 0% | 4% |
| Net Profit | 595 | 538 | 905 | 812 | 576 | 594 | 363 | 504 | 581 | 813 | 1,044 | 1,309 |
| EPS in Rs | 41.65 | 37.7 | 63.4 | 56.87 | 40.32 | 41.58 | 25.43 | 35.34 | 40.72 | 56.91 | 73.13 | 91.68 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 4%
- 5 Years
- 10%
- 3 Years
- −2%
- TTM
- 24%
- 10 Years
- 10%
- 5 Years
- 24%
- 3 Years
- 0%
- TTM
- 126%
- 10 Years
- 14%
- 5 Years
- 34%
- 3 Years
- 19%
- TTM
- —
- 10 Years
- 12%
- 5 Years
- 17%
- 3 Years
- 17%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Great Eastern Shipping Company | ₹ 1,558.00 | ₹ 21,898 Cr. | 6x | 1.3x | 16% | — |
| Mazagon Dock Shipbuilders | ₹ 1,862.00 | ₹ 75,109 Cr. | 36.6x | 9.7x | 31.2% | 20% |
| Cochin Shipyard | ₹ 1,143.00 | ₹ 30,070 Cr. | 51.5x | 6.3x | 12.5% | 14.3% |
| Swan Defence and Heavy Industries | ₹ 2,696.90 | ₹ 14,208 Cr. | — | 168.7x | −123.9% | −80.2% |
| Shipping Corporation of India | ₹ 237.95 | ₹ 11,084 Cr. | 9.7x | 1.4x | 15.5% | 23.4% |
| Seamec | ₹ 1,538.50 | ₹ 3,926 Cr. | 14x | 2.7x | 21.8% | 26.6% |
Management
- Bharat Kanaiyalal Sheth
- Executive Chairman, Managing Director
- G. Shivakumar
- Chief Financial Officer, Executive Director
- Anand Prabhakar Punde
- Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.