The Great Eastern Shipping Company Limited has informed the Exchange about Transcript
GESHIP · price
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Great Eastern Shipping reported its best ever quarter and first time crossing INR1,000 crores in consolidated net profit for the year. The Strait of Hormuz disruption caused significant tanker market tightness, with long-haul trades replacing Middle East to Asia routes, driving asset prices up 10-20%. The company declared its highest ever quarterly dividend of INR11.70/share (total INR35.10 for FY26). Stand-alone NAV reached INR1,422 versus INR1,100 a year ago. Order book stands at ~20% for crude/product tankers, 27% for LPG, and 13% for dry bulk. The company maintains a net cash position of $500 million stand-alone with only $157 million group debt to be repaid within 2 years. Three jack-up rigs are coming up for repricing in FY27. Management prefers spot market exposure and remains opportunistic on time charters.
Strong fundamentals with record profits and NAV growth. Geopolitical disruptions in shipping routes are currently beneficial for rates, but management cautions about unpredictability. The stock trades at 0.8x consolidated NAV, suggesting potential undervaluation.