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Great Eastern Shipping Company Ltd logo

Great Eastern Shipping Company Ltd

NSE: GESHIP BSE: 500620

1274.20

(0.64)%

Sat, 07 Feb 2026, 00:23 pm

Analysis

dividend

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Pros

  • Dividends per share have increased over the past 10 years.
  • Dividends paid are covered by earnings (1.7x coverage).
  • Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).
  • Great Eastern Shipping's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • Great Eastern Shipping's dividend is above the markets top 25% of dividend payers in India (3.08%).
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Cons

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

future

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Pros

  • Great Eastern Shipping's earnings are expected to grow significantly at over 20% yearly.
  • Great Eastern Shipping's earnings growth is expected to exceed the India market average.
  • Great Eastern Shipping's earnings growth is expected to exceed the low risk savings rate of 7.2%.
  • Great Eastern Shipping's net income is expected to increase by more than 50% in 2 years time.
  • An improvement in Great Eastern Shipping's performance (ROE) is expected over the next 3 years.
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Cons

  • Cash flow for Great Eastern Shipping is expected to increase but not above the 50% threshold in 2 years time.
  • Great Eastern Shipping is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
  • Performance (ROE) is not expected to exceed the current IN Oil and Gas industry average.
  • Great Eastern Shipping's revenue is expected to increase but not above the 50% threshold in 2 years time.
  • Great Eastern Shipping's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
  • Great Eastern Shipping's revenue growth is positive but not above the India market average.

health

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Pros

  • Great Eastern Shipping is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Great Eastern Shipping is profitable, therefore cash runway is not a concern.
  • Great Eastern Shipping is profitable, therefore cash runway is not a concern.
  • Debt is well covered by operating cash flow (30.9%, greater than 20% of total debt).
  • The level of debt compared to net worth has been reduced over the past 5 years (88% vs 70.4% today).
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Cons

  • Debt is not covered by short term assets, assets are 0.9x debt.
  • Great Eastern Shipping's long term commitments exceed its cash and other short term assets.
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
  • Great Eastern Shipping's level of debt (70.4%) compared to net worth is high (greater than 40%).
  • High level of physical assets or inventory.

management

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Pros

  • The average tenure for the Great Eastern Shipping board of directors is over 10 years, this suggests they are a seasoned and experienced board.
  • Bharat's compensation has increased in line with Great Eastern Shipping recently becoming profitable.
  • More shares have been bought than sold by Great Eastern Shipping individual insiders in the past 3 months.
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Cons

  • Bharat's remuneration is higher than average for companies of similar size in India.

misc

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Pros

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    Cons

    • Great Eastern Shipping is covered by less than 3 analysts.

    past

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    Pros

    • Great Eastern Shipping used its assets more efficiently than the IN Oil and Gas industry average last year based on Return on Assets.
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    Cons

    • Great Eastern Shipping has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
    • Great Eastern Shipping's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
    • Great Eastern Shipping's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
    • Great Eastern Shipping has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
    • Great Eastern Shipping has become profitable in the last year making it difficult to compare the IN Oil and Gas industry average.

    value

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    Pros

    • Great Eastern Shipping's share price is below the future cash flow value, and at a moderate discount (> 20%).
    • Great Eastern Shipping's share price is below the future cash flow value, and at a substantial discount (> 40%).
    • Great Eastern Shipping is good value based on assets compared to the IN Oil and Gas industry average.
    • Great Eastern Shipping is good value based on expected growth next year.
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    Cons

    • Great Eastern Shipping is overvalued based on earnings compared to the IN Oil and Gas industry average.
    • Great Eastern Shipping is overvalued based on earnings compared to the India market.
    • 500620 underperformed the Oil and Gas industry which returned -4% over the past year.
    • 500620 underperformed the Market in India which returned -14.5% over the past year.
    • BSE:500620 is up 4% underperforming the Oil and Gas industry which returned 10.5% over the past month.
    • BSE:500620 is up 4% underperforming the market in India which returned 8% over the past month.

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