Arthneeti

Great Eastern Shipping Company Q1 FY27 Share Price & Earnings Call Analysis

₹1,618.80+3.78% today
Market cap
₹23,117 Cr
P/E
6.17
ROE
15.93%
PEG
17.13
Price to sales
3.72
Debt to equity
0.06
52W high / low
₹1,720 / ₹1,050
Sales growth (5Y)
10.15%
EBITDA margin
61.85%
Net profit margin
45.96%
Promoter holding
30.08%
Sales (last year)
₹6,213 Cr

Great Eastern Shipping Company Ltd, along with its subsidiaries is a major player in the Indian shipping and Oil drilling services industry.[1]

Guidance scorecard · Q1 FY27 call

What Great Eastern Shipping Company Ltd's management guided
and where it ranks in Transport Services

Revenue0–10%MarginsFlatCapexNone plannedFundraisingNone plannedOrder bookRising

RevenueQ1 FY27 call

0–10%
  • The company has experienced its most profitable quarter ever, indicating strong current performance.
  • Freight rates and asset prices have surged due to disruptions like the Strait of Hormuz event, driving higher revenues.
  • Demand remains volatile due to geopolitical factors, with potential supply constraints pushing ton-mile demand higher.
  • Order books for crude tankers, product tankers, and bulk carriers have significantly increased, suggesting fleet expansion but also risk of oversupply in the future.
  • Management emphasizes a conservative investment approach, focusing on replacing ships rather than expanding capacity aggressively.
  • Incremental cash flows might be used cautiously for adding 1-2 ships per quarter to balance growth and cash preservation.

2 more points from Great Eastern Shipping Company Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Great Eastern Shipping Company Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

None planned
  • The company has invested INR 1,200 crores last year to change the fleet mix and around INR 300 crores in Q1 this year, with an additional INR 250-300 crores invested recently.
  • Capital expenditure (capex) is largely ship-specific, guided by the age and tradability of the vessels, with an aim to avoid losing capacity during fleet renewal.
  • No fixed annual capex budget exists; investments depend on market conditions and specific ship needs.
  • No immediate plans for capex or acquisitions in offshore business until government initiatives translate into concrete on-ground demand.

2 more points from Great Eastern Shipping Company Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

None planned

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Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • Current order book for crude tankers is approximately 27%.
  • Order book for VLGCs (Very Large Gas Carriers) is about 35%, indicating significant recent ordering.
  • Product tankers have an order book around 20-21%.
  • Bulk carriers' order book stands at about 14%, up from around 10-12% previously.

2 more points from Great Eastern Shipping Company Ltd's call on the order book

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Full Q1 FY27 analysis
Full Transport Services ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Transport Services
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Great Eastern Shipping Company Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Transport Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹795 Cr24.9
240%+Flat₹16,984 Cr98.6
340%+Flat₹4,361 Cr29.7
440%+Flat₹591 Cr16.6
520–40%Up 2%+₹510 Cr6.7
620–40%Up 2%+₹234 Cr8.1

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Pro shows every company guiding 40%+ revenue growth →Full Transport Services ranking

Financials of Great Eastern Shipping Company Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Great Eastern Shipping Company Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +1,4561,2841,2291,2451,4971,5081,3541,2371,2231,2011,2421,4541,511
Expenses +609492586595561597701626721559514619570
Operating Profit847792643650937911654611502643728836941
OPM %58%62%52%52%63%60%48%49%41%54%59%57%62%
Other Income +9551232151229195225264150135140282346
Interest77627767596164615145442523
Depreciation167180187194166197206205205197224246222
Profit before tax6986016125409428486106083965366018471,043
Tax %-4%4%3%0%4%4%6%2%8%6%3%4%-0%
Net Profit +7225765955389058125765943635045818131,044
EPS in Rs50.5740.3641.6537.7063.4056.8740.3241.5825.4335.3440.7256.9173.13

Financials of Great Eastern Shipping Company Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +3,4383,8083,1173,0383,5473,6873,3373,5095,6905,2555,3235,409
Expenses +2,0051,8231,6861,8382,4802,4701,6831,9692,5632,2342,6462,261
Operating Profit1,4331,9851,4311,2001,0671,2171,6531,5403,1283,0222,6773,148
OPM %42%52%46%40%30%33%50%44%55%58%50%58%
Other Income +276119506102269211232148481664834903
Interest301288378455521450242370343265236136
Depreciation610608678769773743700698712726813889
Profit before tax7981,20888279422359436202,5542,6942,4623,026
Tax %6%9%14%367%151%12%3%-2%-1%3%5%3%
Net Profit +7481,097755-210-212079196302,5752,6142,3442,943
EPS in Rs49.6372.7650.07-13.96-1.4214.0962.5044.09180.36183.11164.20206.11
Dividend Payout %22%19%20%-52%-380%57%14%22%16%20%18%11%

Financials of Great Eastern Shipping Company Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital151151151151151147147143143143143143
Reserves7,2806,4137,0736,7776,6596,6497,5577,90910,13312,25514,11616,820
Borrowings +6,5405,7596,8166,2135,9995,2955,0474,6553,6493,0482,1631,087
Other Liabilities +1,5651,6101,3631,5231,5621,7421,3941,2621,2841,3621,2331,411
Total Liabilities15,53513,93315,40214,66414,37013,83314,14513,96915,20916,80817,65619,460
Fixed Assets +10,8888,92510,3049,8099,6179,1239,0428,8778,4508,3298,2479,342
CWIP227328221314123242435592143
Investments1,2509128758566019631,3501,1571,5101,9702,2892,392
Other Assets +3,1703,7684,2013,9864,1383,6243,7293,9105,2156,4507,0997,684
Total Assets15,53513,93315,40214,66414,37013,83314,14513,96915,20916,80817,65619,460

Financials of Great Eastern Shipping Company Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1,4452,1511,5229691,0961,4811,5341,3232,9752,8082,6472,854
Cash from Investing Activity +-725-440-1,548-412429622-882-33739-868-148-1,187
Cash from Financing Activity +-228-1,677713-1,158-1,020-1,872-505-1,189-1,893-1,330-1,675-1,769
Net Cash Flow49134687-602505230147-2031,120610824-102
Free Cash Flow2101,588-3894984811,3851,0139112,7762,3732,4721,276
CFO/OP105%115%115%90%110%127%93%85%95%94%102%93%

Financials of Great Eastern Shipping Company Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days363024303134303337453343
Inventory Days
Days Payable
Cash Conversion Cycle363024303134303337453343
Working Capital Days-211-161-207-163-132-36-67-55-16-16-21199
ROCE %8%11%8%4%4%4%9%7%21%19%14%18%

Guidance history

How Great Eastern Shipping Company Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →0–10%FlatNone plannedNone plannedRising
Q4 FY26 call →10–20%Flat——Rising
Q3 FY26 call →0–10%Flat——Rising
Q2 FY26 call →0–10%FlatPlanned—Flat

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

74out of 100

Momentum score · price trend

74 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+51.0%85%
Last 6 months+2.7%57%
Last 3 months+18.0%86%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Great Eastern Shipping Company Ltd: 0.4 × 85 + 0.4 × 57 + 0.2 × 86 = 74.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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What Great Eastern Shipping Company Ltd's management said in earlier quarters

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