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Great Eastern Shipping Company Stock Price - ₹1,353.60 | Transport Services | askfuzz

Great Eastern Shipping Company

GESHIP

NSE

BSE

SectorTransport Services

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Company insights, generated from the most recent coverage.

Shipping industry's historical boom-bust cycles make current profitability cycle-dependent rather than structural — realistic sustainability at 20-40% revenue and 40-60% profit growth.
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VLGC fleet supply increased 7% YoY with elevated orderbook-to-fleet ratio of 35%, creating overcapacity risk as geopolitical disruptions normalize.
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Record ₹1,309 Cr net profit driven by cyclical peak — VLGC spot earnings surged 193% YoY but overall VLGC trade declined 13%, signaling frothy conditions unlikely to persist.
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The Quarter story

The two most recent quarterly results, compared side-by-side.

Great Eastern Shipping delivers strong profit growth and cash generation, backed by rising freight rates and a net cash balance sheet.

Consolidated revenue grew from ₹1,337 Cr to ₹2,286 Cr from Q1 FY26 to Q1 FY27 — higher freight rates drive top-line expansion

Consolidated direct operating costs rose from ₹166 Cr to ₹212 Cr from Q1 FY26 to Q1 FY27 — higher voyage activity increases expenses

Consolidated net profit rose from ₹505 Cr to ₹1,309 Cr over five quarters — strong operational leverage boosts bottom line

Crude orderbook-to-fleet ratio climbed from 10.8% to 27.1% over five quarters — future capacity expansion may pressure rates

Gross debt fell from ₹2,199 Cr to ₹1,129 Cr from Q1 FY26 to Q1 FY27 — aggressive deleveraging strengthens balance sheet

Consolidated foreign exchange swings moved from a ₹132 Cr gain to a ₹7 Cr gain from Q2 FY26 to Q1 FY27 — currency volatility adds noise

Consolidated operating cash flow climbed from ₹645 Cr to ₹1,207 Cr over the period — robust core liquidity generation

Consolidated cash EPS dropped from ₹232 to ₹108 from Q1 FY26 to Q1 FY27 — temporary earnings pressure from asset sales timing

Consolidated return on equity increased from 14% to 30% from Q1 FY26 to Q1 FY27 — capital efficiency improves significantly

DII and FI shareholding fell from 16% to 13% from Q2 FY26 to Q1 FY27 — institutional profit booking reduces stake

About the company

Great Eastern Shipping Company Limited is India's largest private sector shipping service provider. Founded in 1948, it operates a diverse fleet of crude carriers, product carriers, LPG carriers, and dry bulk vessels. The company's main businesses are Shipping, which involves transportation of crude oil, petroleum products, gas, and dry bulk commodities, and Offshore services through its subsidiary Greatship (India) Limited. As of March 31, 2023, the company's fleet consisted of 43 vessels, including 29 tankers and 14 dry bulk carriers, with a total capacity of 3.57 million deadweight tons and an average age of 12.55 years. Great Eastern Shipping has a significant presence in the international maritime industry and has expanded its operations over the years through acquisitions, new builds, and joint ventures.

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