The Great Eastern Shipping Company Limited
Established on August 03, 1948, GESCO is the largest private shipping company in India on tonnage basis. The company also has presence in off-shore oilfield services through its 100% owned subsidiary, Greatship (India) Limited. GESCO was founded by t...
Key Metrics
EPS
183.07
Current ratio
5.40
Debt/Equity
0.36
Debt/EBITDA
1.20
Interest coverage ratio
11.18
Operating Cashflow to total debt
0.81
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Favorable industry outlook
Strong financial performance reported in FY24
Robust financial position and prudent risk management policies
Strong market position and established track record
Diversified fleet with low average age of vessels
Liquidity: Strong
Cons
Profitability susceptible to fluctuation in charter rates and crude oil prices
Cyclical and regulated shipping industry
Net debt to earnings before interest, taxation, depreciation, and amortisation (net debt/EBITDA) at 1x or above on a sustained basis.
Large investment in unrelated diversifications.
Material changes in liquidity management policy.
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About The Great Eastern Shipping Company Limited bond.
This comprehensive profile covers key factual information about The Great Eastern Shipping Company Limited. Established on August 03, 1948, GESCO is the largest private shipping company in India on tonnage basis. The company also has presence in off-shore oilfield services through its 100% owned subsidiary, Greatship (India) Limited. GESCO was founded by two families, Sheths and the Bhiwandiwallas, and promoters hold 30.07% shareholding as on March 31, 2024. EPS in Mar-2024 was 183.07. Current ratio in Mar-2024 was 5.40. Debt/Equity in Mar-2024 was 0.36. Debt/EBITDA in Mar-2024 was 1.20. Interest coverage ratio in Mar-2024 was 11.18. Operating Cashflow to total debt in Mar-2024 was 0.81. Total revenue for Mar-2025(E) was ₹6405.40. Net income for Mar-2025(E) stood at ₹3097.08. Total assets as of Mar-2024 were ₹16,807.86. Operating cash flow for Mar-2024 was ₹2808.05. The company’s borrowing relationships include ICICI Bank Limited (₹N/A Cr). Peers and comparison entities consist of The Great Eastern Shipping Company Limited, Petronet LNG Limited, Aegis Logistics Limited, Confidence Petroleum India Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Favorable industry outlook; Strong financial performance reported in FY24; Robust financial position and prudent risk management policies ; Strong market position and established track record; Diversified fleet with low average age of vessels; Liquidity: Strong. Key risks include: Profitability susceptible to fluctuation in charter rates and crude oil prices; Cyclical and regulated shipping industry; Net debt to earnings before interest, taxation, depreciation, and amortisation (net debt/EBITDA) at 1x or above on a sustained basis.; Large investment in unrelated diversifications.; Material changes in liquidity management policy.. Leadership team details include Anand Punde (Company Secretary & Compliance Officer), Berjis Desai (Director), Bharat K Sheth (Dy. Chairman & Manag. Director), Bhavna Doshi (Director), G Shivakumar (Executive Director & CFO), K M Sheth (Chairman), Keki Mistry (Director), Raju Shukla (Director), Ranjit Vasant Pandit (Director), Ravi K Sheth (Director), Rita Bhagwati (Director), Shankar N Acharya (Director), Shivshankar Menon (Director), T N Ninan (Director), Tapas Icot (Executive Director), Uday Shankar (Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.