Great Eastern Shipping Co. Ltd. (GESHIP) AI Stock Analysis

• Market Cap: ₹189.37B
• Dividend Yield: 2.51%
• Average Volume (3M): 30.40K
• Price to Earnings (P/E): 5.0
• Beta (1Y): 1.08
• Revenue Growth: -12.52%
• EPS Growth: -27.84%
• Country: IN
• Employees: 242
• Sector: Energy
• Sector Strength: 52
• Industry: Marine Shipping
• EPS (TTM): 50.20
• Shares Outstanding: 142,767,170
• 10 Day Avg. Volume: 10,499
• 30 Day Avg. Volume: 30,404
• PEG Ratio: -0.54
• Price to Book (P/B): 0.92
• Price to Sales (P/S): 2.48
• P/FCF Ratio: 8.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 145.1
• Revenue Forecast (FY): ₹53.29B

• Rating: 79 Outperform
• Price Target: ₹1,554.00 ▲(39.34% Upside)
• Action: Reiterated Date: 11/01/25
• Date: Action: Reiterated 11/01/25

Great Eastern Shipping Co. Ltd. is in a strong financial position with effective profitability and a well-managed balance sheet. The stock's technical indicators show a positive trend, although caution is advised due to potential overbought conditions. The valuation is attractive, with a low P/E ratio and a reasonable dividend yield, making it a compelling investment in the marine shipping industry.

Positive Factors

Balance Sheet Strength

The company's balance sheet is described as having a low debt-to-equity ratio and high equity ratio, giving it durable financial flexibility. This allows funding of dry-docking, maintenance and selective fleet reinvestment without resorting to costly external financing during cyclic downturns.

Margin Sustainability

Reported strong net profit and EBITDA margins indicate efficient cost control and favorable unit economics on charters. Higher margins provide resilience to shipping-rate swings, help preserve cash generation and support long-term reinvestment and distribution capacity.

Cash Generation

Consistent positive free cash flow and a solid operating cash flow to net income ratio show reliable cash conversion from operations. Persistent cash generation supports dividend policy, dry-dock cycles and debt servicing, providing a lasting buffer through shipping cycles.

Negative Factors

Revenue Contraction

Reported revenue decline of about 8.5% signals recent top-line weakness. Sustained revenue contraction undermines utilization economics, limits internal funding for capex and maintenance, and could force asset sales or higher leverage to preserve distributions and fleet serviceability.

Slowing Free Cash Flow Growth

A declining free cash flow growth rate reduces strategic optionality: less internal funding for fleet renewal, dry-docking and opportunistic acquisitions. Over time slower FCF growth raises pressure on margins, increases reliance on external financing and weakens resilience to prolonged weak markets.

Exposure to Market Cyclicality

Business model depends on charter rates, vessel type and utilization, creating structural earnings volatility. This cyclical sensitivity makes long-term revenue and cash flow unpredictable and complicates multi-year planning for fleet capacity, capex timing and dividend consistency.

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 and dry bulk commodities through dry bulk carriers and tankers. As of March 31, 2022, it operated a fleet of 45 vessels comprising 31 tankers, including 8 crude carriers, 18 product tankers, and 5 LPG carriers; and 14 dry bulk carriers with an aggregating 3.57 million dwt. The company also offers offshore oilfield services, which include the ownership and/or operation of offshore supply vessels and mobile offshore drilling rigs. It serves various industries, oil companies, and governments. The company was incorporated in 1948 and is headquartered in Mumbai, India.

How the Company Makes Money

Great Eastern Shipping Co. Ltd. generates revenue primarily through the operation of its fleet, which includes both crude carriers and dry bulkers. The company earns money by charging shipping fees to clients for transporting goods across various routes, with contracts typically structured on a time-charter or voyage-charter basis. In addition to shipping, GESHIP also benefits from its offshore services, which provide support for oil and gas exploration and production, contributing a significant portion of its revenue. The company maintains strategic partnerships with major oil corporations and other maritime entities, enhancing its market presence and securing long-term contracts that stabilize cash flow. Additionally, fluctuations in global oil prices and demand for shipping services can impact revenue, making the company sensitive to changes in the global economy and maritime trade dynamics.

Great Eastern Shipping Co. Ltd. Financial Statement Overview

Summary

Great Eastern Shipping Co. Ltd. demonstrates strong financial health with robust profitability metrics and a solid balance sheet. The company maintains a strong equity base and positive cash flow generation, although there is a need to address inconsistent revenue growth and declining free cash flow growth rate.

Income Statement

Great Eastern Shipping Co. Ltd. displays robust financial health with an impressive net profit margin and strong EBITDA margin, indicating efficient cost management and strong earnings before interest, taxes, depreciation, and amortization. Despite a slight decline in total revenue in recent periods, the company has consistently maintained healthy profitability metrics.

Balance Sheet

The company's balance sheet is strong, characterized by a low debt-to-equity ratio and a high equity ratio, reflecting a solid capital structure with significant equity backing. The increase in stockholders' equity over time suggests consistent reinvestment and growth, although total liabilities have shown fluctuations.

Cash Flow

Cash flow analysis reveals a consistent ability to generate positive free cash flow, with a solid operating cash flow to net income ratio. However, there is a noticeable decline in free cash flow growth rate, which could indicate future challenges in maintaining cash flow levels if revenue growth doesn't pick up.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	50.16B	53.23B	52.55B	56.90B	34.72B	33.37B
Gross Profit	24.11B	26.59B	24.49B	26.81B	9.54B	10.08B
EBITDA	31.84B	35.11B	36.72B	35.51B	16.06B	19.63B
Net Income	20.37B	23.44B	26.14B	25.75B	6.30B	9.19B
Balance Sheet
Total Assets	0.00	176.56B	168.08B	152.09B	139.69B	141.46B
Cash, Cash Equivalents and Short-Term Investments	79.05B	79.40B	67.90B	52.94B	39.60B	40.67B
Total Debt	0.00	21.63B	30.48B	36.49B	46.55B	50.47B
Total Liabilities	-142.59B	33.97B	44.10B	49.34B	59.17B	64.41B
Stockholders Equity	142.59B	142.59B	123.97B	102.75B	80.51B	77.04B
Cash Flow
Free Cash Flow	0.00	14.72B	18.77B	25.09B	7.48B	6.68B
Operating Cash Flow	0.00	26.47B	27.22B	29.75B	13.23B	15.34B
Investing Cash Flow	0.00	-1.91B	-10.86B	-382.90M	-3.75B	-8.73B
Financing Cash Flow	0.00	-16.75B	-10.73B	-18.93B	-11.89B	-5.05B

Great Eastern Shipping Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1115.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 1312.82, below the 50-day MA of 1193.63, and above the 200-day MA of 1046.78, indicating a bullish trend. The MACD of 42.10 indicates Positive momentum. The RSI at 69.17 is Neutral, neither overbought nor oversold. The STOCH value of 65.07 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GESHIP	79 Outperform	₹189.37B	4.96	―	2.51%	-12.52%	-27.84%
OIL	74 Outperform	₹794.84B	14.43	―	2.94%	-1.94%	-28.79%
MRPL	71 Outperform	₹329.40B	4.59	―	2.04%	-11.96%	14.31%
HINDPETRO	67 Neutral	₹854.11B	6.62	―	3.26%	-1.81%	231.75%
PANAMAPET	66 Neutral	₹16.43B	9.40	―	1.71%	10.19%	-4.18%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Great Eastern Shipping Co. Ltd. Corporate Events

Great Eastern Shipping’s AAA Rating Reaffirmed on Rs 1,050 Crore NCDs as Older Issue Redeemed

The Great Eastern Shipping Company Limited announced that Brickwork Ratings India Pvt. Ltd. has reaffirmed its highest long-term credit rating of BWR AAA with a Stable outlook for the company’s outstanding non-convertible debentures (NCDs) totaling Rs 1,050 crore, while withdrawing the rating on Rs 700 crore of NCDs that have been fully redeemed. The reaffirmation of the top-tier rating and the withdrawal linked to completed redemption underscore the company’s strong credit profile and funding discipline, which support its position in the shipping sector and provide comfort to bondholders and other stakeholders regarding its ability to meet long-term obligations.

Great Eastern Shipping Closes Trading Window Ahead of Quarterly Results

The Great Eastern Shipping Company Limited has announced that, under its internal Code for Prevention of Insider Trading and in line with SEBI’s Prohibition of Insider Trading Regulations, the trading window for its securities will be closed to directors and designated employees from 1 January 2026 until 48 hours after the public declaration of its financial results for the quarter ended 31 December 2025. This routine compliance measure is intended to prevent insider trading around the release of quarterly earnings, reinforcing the company’s adherence to regulatory standards and protecting market integrity for investors and other stakeholders.

Great Eastern Shipping Issues Revised Investor Presentation

Great Eastern Shipping Company Limited has issued a revised investor presentation for its unaudited financial results for the quarter and half-year ending September 30, 2025, correcting an inadvertent error in the previous version. This update is crucial for stakeholders as it ensures accurate financial reporting, which is essential for maintaining investor confidence and transparency in the company’s financial disclosures.