Great Eastern Shipping Co. Ltd. (IN:GESHIP)
:GESHIP
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Great Eastern Shipping Co. Ltd.
(GESHIP)
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Rating:84Outperform
Price Target:
₹1,986.00
▲(78.08% Upside)
Action:Reiterated
Date:05/19/26
Overall score is driven primarily by strong financial performance (high profitability and sharply reduced leverage), supported by attractive valuation (low P/E). Technicals add a positive tailwind with an established uptrend, while the key risk tempering the score is recent free cash flow compression and cyclicality-related volatility.
Positive Factors
De-risked balance sheet
A very low debt-to-equity (~0.06) materially increases financial flexibility: supports cyclically timed vessel capex, allows opportunistic fleet investment or repurchases, and provides a cushion in downturns, reducing refinancing and solvency risk over the next several quarters.
Negative Factors
Free cash flow volatility
A sharp FCF decline and FCF at ~20% of net income weakens the company's ability to fund discretionary payouts or growth without tapping liquidity; higher capex or working-capital drag can constrain strategic flexibility for multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
De-risked balance sheet
A very low debt-to-equity (~0.06) materially increases financial flexibility: supports cyclically timed vessel capex, allows opportunistic fleet investment or repurchases, and provides a cushion in downturns, reducing refinancing and solvency risk over the next several quarters.
Read all positive factors
Great Eastern Shipping Co. Ltd. (GESHIP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹237.50B
Dividend Yield2.51%
Average Volume (3M)30.40K
Price to Earnings (P/E)6.9
Beta (1Y)0.71
Revenue Growth1.63%
EPS Growth25.52%
CountryIN
Employees242
SectorEnergy
Sector Strength52
IndustryMarine Shipping
Share Statistics
EPS (TTM)143.07
Shares Outstanding142,767,170
10 Day Avg. Volume10,499
30 Day Avg. Volume30,404
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)1.19
Price to Sales (P/S)3.73
P/FCF Ratio34.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)228.25
Revenue Forecast (FY)₹65.34B
Great Eastern Shipping Co. Ltd. Business Overview & Revenue Model
Company Description
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 crude oil, petroleum products, and gas an...
How the Company Makes Money
GESHIP primarily makes money by earning chartering and freight revenues from deploying its owned vessels, plus service revenues from offshore marine operations. In its shipping segment, revenue is generated when customers charter the company’s tan...
Great Eastern Shipping Co. Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 48.67B | 54.09B | 52.86B | 51.76B | 56.60B | 34.72B |
| Gross Profit | 19.39B | 27.75B | 22.31B | 24.03B | 26.81B | 9.67B |
| EBITDA | 31.55B | 28.67B | 34.93B | 36.66B | 35.43B | 15.99B |
| Net Income | 20.43B | 29.43B | 23.44B | 26.14B | 25.75B | 6.30B |
Balance Sheet | ||||||
| Total Assets | 177.43B | 194.60B | 176.56B | 168.08B | 152.09B | 139.69B |
| Cash, Cash Equivalents and Short-Term Investments | 84.08B | 79.03B | 79.40B | 67.90B | 52.94B | 39.60B |
| Total Debt | 12.54B | 10.87B | 21.63B | 30.48B | 36.49B | 46.55B |
| Total Liabilities | 25.18B | 24.98B | 33.97B | 44.10B | 49.34B | 59.17B |
| Stockholders Equity | 152.25B | 169.62B | 142.59B | 123.97B | 102.75B | 80.51B |
Cash Flow | ||||||
| Free Cash Flow | 8.63B | 5.88B | 14.72B | 18.77B | 25.09B | 7.48B |
| Operating Cash Flow | 12.43B | 29.60B | 26.47B | 27.22B | 29.75B | 13.23B |
| Investing Cash Flow | -4.02B | -14.43B | -1.91B | -10.86B | -382.90M | -3.75B |
| Financing Cash Flow | -12.41B | -16.19B | -16.75B | -10.73B | -18.93B | -11.89B |
Great Eastern Shipping Co. Ltd. Technical Analysis
Positive
1115.25
Price Trends
1452.73
Positive
1319.10
Positive
1165.37
Positive
Market Momentum
57.07
Negative
64.84
Neutral
71.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GESHIP, the sentiment is Positive. The current price of 1115.25 is below the 20-day moving average (MA) of 1527.74, below the 50-day MA of 1452.73, and below the 200-day MA of 1165.37, indicating a bullish trend. The MACD of 57.07 indicates Negative momentum. The RSI at 64.84 is Neutral, neither overbought nor oversold. The STOCH value of 71.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GESHIP.
Great Eastern Shipping Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ₹237.50B | 6.86 | ― | 2.51% | 1.63% | 25.52% | |
74 Outperform | ₹820.05B | 11.68 | ― | 2.94% | 4.41% | 1.06% | |
67 Neutral | ₹814.21B | 3.95 | ― | 3.26% | 1.77% | 167.91% | |
66 Neutral | ₹19.52B | 9.40 | ― | 1.71% | 3.46% | -8.86% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
51 Neutral | ₹259.82B | 67.10 | ― | 2.04% | -6.35% | 3324.95% |
* Energy Sector Average
IN:GESHIP
Great Eastern Shipping Co. Ltd.
1,718.65
831.87
93.81%
IN:HINDPETRO
Hindustan Petroleum Corporation Limited
388.85
1.88
0.49%
IN:MRPL
Mangalore Refinery & Petrochemicals Ltd.
150.10
15.59
11.59%
IN:OIL
Oil India Limited
503.40
95.99
23.56%
IN:PANAMAPET
Panama Petrochem Limited
323.70
-70.43
-17.87%
Great Eastern Shipping Co. Ltd. Corporate Events
Great Eastern Shipping Sets Board Meeting and Earnings Call for FY 2026 Results
May 8, 2026
Great Eastern Shipping Company Limited has scheduled a meeting of its Board of Directors on May 14, 2026 to review and approve the financial results for the quarter and full year ended March 31, 2026, signaling the upcoming disclosure of its lates...
Great Eastern Shipping flags SEBI’s one-year special window for demat of old physical shares
Apr 8, 2026
The Great Eastern Shipping Company Limited has announced the opening of a special one-year window, mandated by the Securities and Exchange Board of India, to facilitate the transfer and dematerialisation of physical share certificates that were so...
Great Eastern Shipping to Sell MR Tanker Jag Pankhi in Fleet Renewal Push
Apr 7, 2026
The Great Eastern Shipping Company has agreed to sell its 2003-built Medium Range tanker Jag Pankhi, a 46,273 dwt vessel, to an unaffiliated buyer, with delivery scheduled for the first quarter of fiscal 2027. The move forms part of a broader flee...
Great Eastern Shipping Confirms Q4 2026 Compliance With SEBI Demat Norms
Apr 7, 2026
The Great Eastern Shipping Company Limited has reported that, for the quarter ended March 31, 2026, all details of securities dematerialized have been duly submitted to the stock exchanges where its shares are listed, in compliance with Regulation...
GE Shipping Sells VLGC Jag Vishnu, Adjusts Fleet With New Kamsarmax Purchase
Mar 30, 2026
The Great Eastern Shipping Company Limited has delivered its 2002-built Very Large Gas Carrier “Jag Vishnu” to buyers, following a sale agreement contracted in the third quarter of FY26. After this divestment, the company’s owned...
Great Eastern Shipping Receives Independent ESG Score of 69.3
Mar 30, 2026
The Great Eastern Shipping Company Limited has received an overall ESG score of 69.3 from SES ESG Research Private Limited, a SEBI-registered environmental, social and governance rating provider. The rating was assigned independently by SES ESG ba...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.