| 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
- ₹1,497.20
- Market cap
- ₹21,375 Cr
- Revenue (annual)
- ₹5,409 Cr
- Net profit (annual)
- ₹2,943 Cr
- P/E (TTM)
- 5.7×Sector 29.0×
- Promoter holding
- 30.07%+0.00% QoQ
- FII holding
- 31.03%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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