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NSE:GESHIP

THE GE SHPG.LTD

Services › Transport Services·NIFTY 500NIFTY MIDSMALLCAP 400NIFTY MIDSMALLCAP400 50:50NIFTY SMALLCAP 100+6
₹1,558.00
at close · 28 Oct 2026
▲ 15.00 (+0.97%)
ThemesArtificial Intelligence· announced

Latest filings

  1. 88,877 shares bought back at an average price of ₹1,529.71 · Corporate Actions
  2. Great Eastern Shipping buys back 18,145 shares at an average of ₹1,529.17 · Corporate Actions
  3. Company buys back 89,512 shares at an average price of ₹1,521.40 · Corporate Actions
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates two businesses. The Shipping segment, 76.0% of FY26 segment revenue at ₹4,831.82 cr, runs an owned fleet carrying crude oil, petroleum products, LPG and dry bulk cargo worldwide; segment EBIT was ₹2,463.04 cr. The Offshore segment, 24.0% at ₹1,522.43 cr, operates jack-up rigs and offshore support vessels for oil and gas exploration work, with EBIT of ₹479.48 cr. After the July 2026 delivery of LR2 Tanker Jag Laxman (~109,990 dwt) and the sale of LR2 Tanker Jag Lokesh, the owned fleet stood at 40-41 vessels totalling ~3.24-3.35 million dwt — comprising 25-26 tankers (5 crude, 16-17 product, 4 LPG) and 15 dry bulk carriers (2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax) — with capacity utilisation close to 100%. The biggest cost lines are depreciation at 16.4% of revenue, employee costs at 17.2% and other operating expenses at 24.6%; capex ran at 43.9% of revenue in FY26, reflecting active fleet renewal. Roughly 80% of FY27 vessel revenue days and 80-85% of offshore support days were already covered at the time of the FY26 results.

Revenue mix · reported segments
Shipping76.0%
Offshore24.0%
Operating scale
Owned fleet
40 vessels, 3.24 million dwt (after July 2026 tanker sale); 41 vessels, 3.35 million dwt at peakJuly 2026
Fleet composition
25 Tankers (5 Crude, 16 Product, 4 LPG) + 15 Dry Bulk (2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax)July 2026
Capacity utilisation
Close to 100%Q1 FY27
FY27 revenue days locked
~80% of vessel revenue days; ~80-85% of offshore support daysFY27
Group debt to repay
$157 million within 2 years; $500 million net cash at standalone levelAs of March 2026
Jack-up rigs up for repricing
3 rigs in FY26/FY27, one already idleFY26-FY27
Who pays it
Oil majors, commodity traders and charterers for tankers and dry bulk; oil and gas exploration companies (including ONGC) for jack-up rigs and offshore support vessels
Biggest cost
Depreciation at 16.4% of revenue and other operating expenses at 24.6% of revenue, reflecting an asset-heavy fleet
Kind of business
Cyclical, asset-heavy shipping and offshore services with high exposure to spot tanker rates
Where it sits
Indian listed shipping company with a diversified tanker and dry bulk fleet plus offshore rig business; FY26 was its best-ever year, crossing ₹1,000 cr in consolidated net profit for the first time
Market Cap
₹22,244 Cr
P / E (TTM)
5.9×
EV / EBITDA
3.9×
Div Yield
1.85%
Growth
10.1%▲
Revenue 5y CAGR
PAT +26.2% · EBITDA +16.5%
Quality
17.5%▲
ROCE (5y median)
ROE 17.3% (5y median) · margin 74.9%
Leverage
0.06·
Debt / Equity · low
Net cash ₹3,288 Cr
Revenue FY21→FY26
1.6×▲
Margin +26.9 pts
₹3,337 Cr → ₹5,409 Cr
Cash conversion
1.14×▲
Operating cash ÷ profit · 5 yrs
₹12,606 Cr on ₹11,106 Cr
Moves on a normal day
1.32%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 9 Shipping peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#2/6
P/B#4/8
ROCE#4/9
ROE#4/8
Debt / Equity#1/8
EBITDA margin#2/10
Revenue growth#2/9
Profit growth#3/10

Scorecard

Measured from the filed financials, judged against its Shipping peers · as of FY26 — not investment advice

Strengths
Profit compounding 26% a year over 5 years
Returns on capital 17.5% (5-year median)
#4 of 9 in Shipping on the latest reported figures · up from 9.3% in FY21
Debt at 0.06× equity
lower than 100% of its 8 Shipping peers
Over 5 years it reported ₹11,106 Cr of profit and ₹12,606 Cr of operating cash — 1.14×
Profit is converting into cash
Concerns
Customers are taking longer to pay — 22 → 43 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

GESHIP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from THE GE SHPG.LTD's filed financials and exchange disclosures

What does THE GE SHPG.LTD do?

THE GE SHPG.LTD is a Transport Services company listed on NSE and BSE, trading under the symbol GESHIP.

Is THE GE SHPG.LTD profitable?

Yes. Over the trailing twelve months THE GE SHPG.LTD reported a net profit of ₹3,747 Cr on revenue of ₹6,213 Cr.

Does THE GE SHPG.LTD pay a dividend?

Yes. The dividend yield is 1.85% at the current price. It paid out 14% of its profit as dividend in FY26.

Is THE GE SHPG.LTD debt-free?

On a net basis, yes. It reported borrowings of ₹1,049 Cr on its 31 Mar 2026 balance sheet, but holds ₹3,288 Cr more cash than debt.

Is THE GE SHPG.LTD expensive compared with its peers?

On trailing P/E, THE GE SHPG.LTD ranks 2 of 6 in Shipping — cheaper than 80% of them, against an industry median of 11.4×. This is a position, not a valuation judgement.

How much does the THE GE SHPG.LTD share price move in a day?

On a typical session THE GE SHPG.LTD moves 1.32% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track THE GE SHPG.LTD's announcements?

Every NSE and BSE filing by THE GE SHPG.LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.