ALFA Finder| Revenue growth | Record profitability driven by geopolitical disruptions and high freight rates. |
|---|---|
| Margins | Exceptional margins currently; Suezmax/Aframax rates reached all-time highs. |
| Order book | Crude tankers at 27%, VLGCs at 35%, product tankers 21%. |
| Demand visibility | Strong ton-mile demand due to trade route diversions from Hormuz. |
| Management confidence | Balanced; extremely cautious about buying ships at current high valuations. |
Growth
Consolidated profit hit ₹1,309 Cr; NAV increased ₹100 per share to ₹1,900.
Outlook
Management remains in 'wait-and-watch' mode, holding ₹6,000 Cr cash for counter-cyclical investment opportunities.
Risks
High asset prices and a surging crude tanker order book (27%) threaten long-term yields.
Last quarter's promises, checked
Delivered
- Reprice 3 rigs in FY26 → 1 completed, 2 pending H2 (= DELIVERED)
- Maintain 80% vessel capacity lock-in for FY26 → 80% days locked (= DELIVERED)
- Repay debt within 2 years → Group debt reduced to $157M (= DELIVERED)
Partly delivered
- Increase spot market exposure for LPG → Started part-floating rate on 1 vessel (= PARTIAL)
Earnings Call Transcript filed with BSE, NSE: GESHIP. Summary written with AI assistance from the document.
Great Eastern Shipping Company Ltd: key numbers
- Share price
- ₹1,466.20
- Market cap
- ₹20,933 Cr
- Revenue (annual)
- ₹5,409 Cr
- Net profit (annual)
- ₹2,943 Cr
- P/E (TTM)
- 4.7×Sector 32.3×
- Promoter holding
- 30.91%+0.84% QoQ
- FII holding
- 29.98%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Great Eastern Shipping Company Ltd
All →Great Eastern Shipping Company Earnings Call Transcript: Key Takeaways
Second-highest quarterly profit in company history, slightly below Q1; interim dividend held at ₹14.40. No profit figure stated; earnings rest on volatile spot rates.
Great Eastern Shipping Company Debt & Borrowing
Great Eastern Shipping filed its Reg 54 security cover certificate for the half year ended September 30, 2026. It reports secured NCD cover of 0.78x on book value and 3.89x on market value.
Great Eastern Shipping Company Dividend
Great Eastern Shipping approved Q2 FY27 results and declared a second interim dividend of Rs 14.40 per share. Record date for the dividend is 13 November 2026.
Great Eastern Shipping Company Q2 FY27 Results: Net Profit ₹1,269 Cr, Up 118.3% YoY
Great Eastern Shipping Company Ltd reported revenue from operations of ₹1,824 Cr (+46.9% YoY) and net profit of ₹1,269 Cr (+118.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹1,269 Cr · +118.3% YoY
Great Eastern Shipping Company Capital Structure Change
Great Eastern Shipping bought back 2,36,500 equity shares on 6 November 2026 at an average of Rs.1,437.59 under its open-market buyback. Cumulative shares bought back reached 42,77,194.
- Value
- ₹33.99 Cr
Great Eastern Shipping Company Capital Structure Change
Great Eastern Shipping bought back 1,92,000 equity shares on 05-11-2026 at an average of ₹1,507.08, worth about ₹28.94 Cr. Cumulative buyback reached 40,40,694 shares.
- Value
- ₹28.94 Cr