The Great Eastern Shipping Company Limited is an India-based private sector company offering shipping services in the country. The company is primarily involved in the transportation of crude oil, petroleum products, gas, and dry commodities in bulk. The company also offers offshore exploration and production services to oil companies in India. The company was incorporated in 1948 as a non-government company in Maharashtra. As of 2 November 2022, the market capitalisation of the company stood at Rs 7,917 crore.
The company is registered on the NSE) and the BSE under the codes GESHIP and 500620, respectively.
The subsidiaries of the company include Greatship Oilfield Services Limited, Greatship Global Energy Services Pte. Limited, Greatship Offshore Services Pte. Limited, and Greatship (UK) Limited. The top crude oil carrier vehicles of the company include JAG LOK, JAG LALIT, JAG LAKSHYA, and JAG LEENA. The top LPG carrier vehicles of the company include JAG VIKRAM, JAG VIJAYA, JAG VISHNU, and JAG VASANT. The top bulk dry products carrier vehicles are JAG AARATI, JAG ALAIYA, JAG ARNAV, and JAG ADITI. For the financial year 2021-2022, the company reported consolidated sales of Rs 3,669 crore with a net profit of Rs 629 crore.
In September 2022, the shareholding pattern of the company reflected that a 30.07% stake in the company is held by promoters, a 27.61% stake is held by retail investors, a 23.90% stake is held by foreign institutional investors, an 18.25% stake is invested in mutual funds, and the remaining 0.17% stake is held by other domestic institutions. The top mutual funds in which the company has invested include HDFC Small Cap Direct Growth Fund, ICICI Prudential Infrastructure Direct Growth Fund, HDFC Retirement Savings Equity Plan Direct Growth Fund, and Canara Robeco Small Cap Direct Growth Fund.
On 2 November 2022, the shares of the Great Eastern Shipping Company Limited were trading for Rs 560.00 per share at the NSE and Rs 556.80 per share at the BSE. The 52-week high and 52-week low prices of this share at the NSE were Rs 611.00 and Rs 265.00, respectively. The Great Eastern Shipping Company Limited shares have given a one-year return of 75.77% and a six-month return of 61.37%. The top peers of the company include Seamec, Shipping Corporation, Essar Shipping, and Reliance Naval, among others.
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