The Great Eastern Shipping Company Limited
Quick Take
- • Trading at 5.5× trailing earnings (7.5× forward)
- • Strong ROE at 22.2%
- • Low leverage (D/E 0.06)
- • Attractive dividend yield of 4.04%
- • Operating margin 54.4% · Net margin 60.3%
- • Profit growth +159.40% YoY · Beta 0.42
About the company
From latest AR & concallThe Great Eastern Shipping Company Limited, through its subsidiaries, engages in the shipping and offshore businesses in India and internationally. The company is involved in the transportation of crude oil, petroleum products, gas, and dry bulk commodities. It also operates a fleet of 40 vessels comprising 26 tankers, including 5 crude carriers, 17 product carriers, and 4 LPG carriers; and 14 dry bulk carriers comprising 2 capesize, 9 kamsarmax, 2 supramax, and an ultramax with an aggregating 3.20 million dwt. In addition, the company offers offshore oilfield services, which include the ownership and/or operation of offshore supply vessels and mobile offshore drilling rigs. The Great Eastern Shipping Company Limited was incorporated in 1948 and is based in Mumbai, India.
