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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Shipping (76%), Offshore (24%). Cyclical, asset-heavy shipping and offshore services with high exposure to spot tanker rates
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3,509 | 5,690 | 5,255 | 5,323 | 5,409 |
| EBITDA (ex other income) | 1,528 | 3,128 | 3,022 | 2,677 | 3,148 |
| margin % | 43.5 | 55.0 | 57.5 | 50.3 | 58.2 |
| Owners' profit | 630 | 2,575 | 2,614 | 2,344 | 2,943 |
| EPS, as reported (₹) | 42.99 | 180.36 | 183.11 | 164.20 | 206.11 |
| ROE % · ROCE % | 7.8 · 7.9 | 25.1 · 21.0 | 21.1 · 19.3 | 16.4 · 16.6 | 17.3 · 17.5 |
| Debt / equity (x) | 0.57 | 0.35 | 0.24 | 0.15 | 0.06 |
| Cash from operations | 1,323 | 2,975 | 2,808 | 2,647 | 2,854 |
| Capex | (574) | (465) | (845) | (1,175) | (2,372) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,354 | 1,237 | 1,223 | 1,201 | 1,242 | 1,454 | 1,511 | 2,005 |
| Profit before tax | 610 | 608 | 396 | 536 | 601 | 847 | 1,043 | 1,365 |
| Net profit | 576 | 594 | 363 | 505 | 581 | 813 | 1,044 | 1,309 |
| EPS (₹) | 40.32 | 41.58 | 25.43 | 35.34 | 40.72 | 56.91 | 73.13 | 91.68 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Shipping | 4,832 | 76.0 |
| Offshore | 1,522 | 24.0 |
| Total, before eliminations | 6,354 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| THE GE SHPG.LTD ◆ | 20,188 | 5.4 | 1.19 | 4.2 | 17.3 | 16.7 | 10.1 | 80.7 |
| SHIPPING CORP OF INDIA LT | 13,087 | 8.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Great Eastern Shipping buys back 1.84 lakh shares at avg Rs 1,400 | corporate actions | medium | — | — |
| 10 Sept 2026 · Great Eastern Shipping buys back 1.75 lakh shares at average price near 1400.73 | corporate actions | medium | — | — |
| 9 Sept 2026 · Great Eastern Shipping buys back 1,43,401 shares on Sept 9 | corporate actions | medium | — | — |
| 8 Sept 2026 · GESHIP daily buyback report: 92,111 shares bought back at avg about Rs 1,380 | corporate actions | low | — | — |
| 8 Sept 2026 · GE Shipping buys secondhand Kamsarmax dry bulk carrier | capex operations | high | — | — |
| 7 Sept 2026 · Daily buyback report - 2.65 lakh shares bought back on Sept 7, 2026 | corporate actions | medium | — | — |
| 4 Sept 2026 · Daily buyback: 1.33 lakh shares repurchased at about Rs 1,361 | corporate actions | medium | — | — |
| 3 Sept 2026 · GESHIP begins 900 crore share buyback from Sep 4, 2026 | corporate actions | high | — | — |
| 2 Sept 2026 · GESHIP announces Rs 900 crore open market buyback at Rs 1,530 per share | corporate actions | high | — | — |
| 31 Aug 2026 · Great Eastern Shipping announces INR 900 cr open market buyback | corporate actions | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 1.44 |
| 5.9 |
| 14.9 |
| 12.5 |
| 9.3 |
| 53.8 |
| SHREEJI SHIPPING GLOBAL L | 11,235 | 69.2 | 14.61 | 47.3 | 19.9 | 22.4 | — | 33.6 |
| SEAMEC LIMITED | 4,567 | 17.8 | 3.50 | 10.8 | 19.4 | 17.3 | 30.0 | 48.5 |
| TRANSWORLD SHIP LINES LTD | 362 | — | 0.54 | 11.5 | (11.1) | (7.7) | (0.4) | 54.5 |
| ESSAR SHIPPING LTD | 338 | 4.0 | — | — | 5.4 | 20.7 | (67.3) | 638250.0 |
| GARWARE OFFSHORE SERVICES LIMI | 133 | 13.4 | 1.07 | 13.7 | (7.4) | (4.8) | (14.4) | 24.9 |
| CHOWGULE STEAMSHIPS LTD. | 80 | 23.1 | 4.54 | — | 28.8 | 20.8 | — | 70.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 5.4 | 13.4 | 2 of 9 | 88% |
| P/B | 1.2 | 2.5 | 3 of 8 | 71% |
| ROCE | 16.7 | 14.6 | 5 of 10 | 56% |
| ROE | 17.4 | 15.5 | 4 of 10 | 67% |
| Debt / Equity | 0.1 | 0.3 | 3 of 10 | 78% |
| EBITDA margin | 80.7 | 51.1 | 2 of 10 | 89% |
| Revenue growth | 66.9 | 39.1 | 2 of 9 | 88% |
| Profit growth | 159.4 | 73.0 | 3 of 10 | 78% |
| Market cap | 20188 | 350 | 1 of 10 | 100% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
