The Great Eastern Shipping Company Ltd. (currently trading near ₹1,099.60) – Overview GE Shipping, headquartered in Mumbai, is India’s largest private sector shipping company. It operates across two segments: • Shipping – crude carriers, product tankers, dry bulk carriers • Offshore – platform supply vessels, anchor handling tug supply vessels, and offshore support services via its subsidiary Greatship (India) Ltd.
The company serves global oil, gas, and dry bulk markets with a diversified fleet and strong operational efficiency.
FY22–FY25 Snapshot
• Sales – ₹3,950 Cr → ₹4,800 Cr → ₹5,400 Cr → ₹5,950 Cr Growth driven by strong charter rates, fleet utilization, and offshore contract wins
• Net Profit – ₹1,050 Cr → ₹1,320 Cr → ₹1,480 Cr → ₹1,650 Cr Earnings supported by operating leverage, asset optimization, and forex gains
• Operating Performance – Strong → Strong → Very Strong → Very Strong EBITDA margins expanding with fleet efficiency and cost control
• Dividend Yield (%) – 2.20% → 2.40% → 2.50% → 2.60% Consistent payouts; balance maintained between shareholder returns and fleet renewal
• Equity Capital – ₹146.64 Cr (constant) No dilution; strong reserves and conservative capital structure
• Total Debt – ₹2,400 Cr → ₹2,200 Cr → ₹2,000 Cr → ₹1,800 Cr Gradual deleveraging supported by internal accruals and asset monetization
• Fixed Assets – ₹6,800 Cr → ₹7,100 Cr → ₹7,400 Cr → ₹7,700 Cr Capex focused on fleet renewal, offshore upgrades, and green compliance
Institutional Interest & Ownership Trends Promoter holding stands at ~30.2%, with no pledging. FIIs and DIIs have actively accumulated GE Shipping citing global freight recovery, offshore visibility, and dividend strength. Delivery volumes reflect long-term positioning by energy, infra, and logistics-focused funds.
Business Growth Verdict GE Shipping is scaling across crude, product, and offshore segments with global charter visibility Margins improving via fleet efficiency, cost control, and forex tailwinds Debt is declining steadily with strong operating cash flows and asset monetization Capex supports long-term competitiveness in offshore services and green shipping
Management Highlights • FY25 fleet utilization at 94%; offshore contracts extended in Middle East and Southeast Asia • Sale of older tankers completed; new vessels added with IMO-compliant specs • FY26 Outlook: 8–10% revenue growth, margin retention, PAT expected to cross ₹1,800 Cr
Final Investment Verdict The Great Eastern Shipping Company Ltd. offers a global logistics and offshore services story built on fleet efficiency, charter visibility, and disciplined capital management. Its improving profitability, strong dividend profile, and export-linked cash flows make it suitable for accumulation by investors seeking exposure to energy logistics and offshore infrastructure. With strong execution, global reach, and capital discipline, GE Shipping remains a durable value creator in the mid-cap maritime space.
The company serves global oil, gas, and dry bulk markets with a diversified fleet and strong operational efficiency.
FY22–FY25 Snapshot
• Sales – ₹3,950 Cr → ₹4,800 Cr → ₹5,400 Cr → ₹5,950 Cr Growth driven by strong charter rates, fleet utilization, and offshore contract wins
• Net Profit – ₹1,050 Cr → ₹1,320 Cr → ₹1,480 Cr → ₹1,650 Cr Earnings supported by operating leverage, asset optimization, and forex gains
• Operating Performance – Strong → Strong → Very Strong → Very Strong EBITDA margins expanding with fleet efficiency and cost control
• Dividend Yield (%) – 2.20% → 2.40% → 2.50% → 2.60% Consistent payouts; balance maintained between shareholder returns and fleet renewal
• Equity Capital – ₹146.64 Cr (constant) No dilution; strong reserves and conservative capital structure
• Total Debt – ₹2,400 Cr → ₹2,200 Cr → ₹2,000 Cr → ₹1,800 Cr Gradual deleveraging supported by internal accruals and asset monetization
• Fixed Assets – ₹6,800 Cr → ₹7,100 Cr → ₹7,400 Cr → ₹7,700 Cr Capex focused on fleet renewal, offshore upgrades, and green compliance
Institutional Interest & Ownership Trends Promoter holding stands at ~30.2%, with no pledging. FIIs and DIIs have actively accumulated GE Shipping citing global freight recovery, offshore visibility, and dividend strength. Delivery volumes reflect long-term positioning by energy, infra, and logistics-focused funds.
Business Growth Verdict GE Shipping is scaling across crude, product, and offshore segments with global charter visibility Margins improving via fleet efficiency, cost control, and forex tailwinds Debt is declining steadily with strong operating cash flows and asset monetization Capex supports long-term competitiveness in offshore services and green shipping
Management Highlights • FY25 fleet utilization at 94%; offshore contracts extended in Middle East and Southeast Asia • Sale of older tankers completed; new vessels added with IMO-compliant specs • FY26 Outlook: 8–10% revenue growth, margin retention, PAT expected to cross ₹1,800 Cr
Final Investment Verdict The Great Eastern Shipping Company Ltd. offers a global logistics and offshore services story built on fleet efficiency, charter visibility, and disciplined capital management. Its improving profitability, strong dividend profile, and export-linked cash flows make it suitable for accumulation by investors seeking exposure to energy logistics and offshore infrastructure. With strong execution, global reach, and capital discipline, GE Shipping remains a durable value creator in the mid-cap maritime space.
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน