GREAT EASTERN SHIPPING CO LTD (GESHIP): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹1,426 latest close · −1.0% over the last 90 sessions

₹1,426 month-end · +28.8% over 12 months

₹1,426 month-end · +62.9% over 3 years

₹1,426 month-end · +371.0% since Jan '19

52-week range ₹1035.10 to ₹1798.00 · 1-year volatility 36.1%

Was the rally earned?

1 year3 years5 years

+29%share price, 1 yearLower P/E held it back

Mostly yes, with a catch.

Per-share earnings added 69 points, but investors now pay less per rupee of profit (P/E 7.8x to 5.4x), which took 40 points back.
The share count barely moved.

Net profit growth+69 ptsNet profit rose about 84%, which lifts the price.

P/E change-40 ptsThe P/E fell from 7.8x to 5.4x, which lowers the price.

Share count change0 ptsShare count was little changed. More shares would count against the price.

+63%share price, 3 yearsEarnings-driven

Mostly yes.

Per-share earnings added 48 points to the rise, while the multiple moved less (P/E 4.9x to 5.4x).
The share count barely moved.

Net profit growth+48 ptsNet profit rose about 45%, which lifts the price.

P/E change+15 ptsThe P/E rose from 4.9x to 5.4x, which lifts the price.

Share count change0 ptsShare count was little changed. More shares would count against the price.

+386%share price, 5 yearsEarnings-driven

Mostly yes.

Per-share earnings added 350 points to the rise, while the multiple moved less (P/E 4.7x to 5.4x).
The share count fell 3%.

Net profit growth+343 ptsNet profit rose about 308%, which lifts the price.

P/E change+36 ptsThe P/E rose from 4.7x to 5.4x, which lifts the price.

Share count change+7 ptsShare count fell 3%, which lifts the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with AEGIS VOPAK TERMINALS

How rough has the ride been?

Maximum drawdown-49.4%recovered 2021-05

1-year volatility36.1%annualised

Beta vs sector index0.503-year daily, correlation 0.35

Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-49.4% (2020-01 peak to 2020-03 low, recovered 2021-05)

-44.2% (2024-07 peak to 2025-02 low, recovered 2026-03)

-37.7% (2021-06 peak to 2021-12 low, recovered 2022-05)

Most recent volume spikes

2026-08-04: 17.3x the 50-day median, price +2.6% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

5.4xP/E todayWithin its usual range

Against its own history24th percentile

CheapestMedian 6.4xDearest

Usual range 4.7x to 17.0x since 2019-01.

Against Transportation5.4x vs 15.9x

This company

5.4x

Sector median

15.9x

66% below the Transportation median.

P/EP/BP/S

P/E (this company)10th to 90th percentile of its own historyIts medianTransportation median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianTransportation median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianTransportation median

How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Transportation is valued

Where does it rank among Transportation peers?

Each cell is the company's percentile rank among its Transportation peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE75th▲ 22 pts vs a year ago
Op. margin98th▲ 5 pts vs a year ago
Revenue growth72nd▲ 61 pts vs a year ago
EPS growth93rd▲ 67 pts vs a year ago
Debt/equity ↓89th▲ 12 pts vs a year ago
Cash cycle ↓73rdflat vs a year ago
P/E ↓98thflat vs a year ago
12M momentum90th▲ 15 pts vs a year ago

Rank history

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Transportation sector page Watch it move against Transportation in the Observatory

What is the price implying?

~5%annual earnings growth implied by the priceBelow delivered growth

At normalised P/E (five-year average earnings) of 9.2x, a holder earning 12%/yr needs earnings to grow about 5.0%/yr for 10 years, then trade at 15x.

Delivered48.5%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg

Gap−43.5 ptsimplied minus delivered

Rank850thmost demanding of 856

Over time

Implied growth by month (solid) and delivered growth (dashed).

Change the assumptions

Exit P/E / return	11%	12%	13%
12x	6.2%	7.2%	8.2%
15x	4.1%	5.0%	6.0%
20x	1.3%	2.2%	3.2%

Drag a slider to test other assumptions

Required return 12.0% Years 10 Exit P/E 15x Implied: 5.0%/yr

Looking back

Jan 2021Price implied 6%/yr; EPS has since grown 56%/yr (6.0 yrs)
Jan 2022Price implied 10%/yr; EPS has since grown 27%/yr (5.0 yrs)

Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Transportation The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹1426.00
P/E: 5.4x
ROCE: 16.0%
Market Cap: ₹20353 cr
Revenue (TTM): ₹6212 cr
P/S: 3.3x
P/B: 1.2x
ROE: 22.1%
Operating Margin: 67.0%
Debt / Equity: 0.1x
Promoter Holding: 30.1%
12M Momentum: 28.8%

52-week range

₹1035.10₹1798.00

51% of the way from its 52-week low to its high

Price risk

1Y volatility

36.1%

Beta vs sector

1-year daily

0.37

Balance sheet & cash

Interest cover

operating profit ÷ interest

35.4x

Cash from profit, 3Y

operating cash flow ÷ net profit

1.05x

Share count, 1Y

unchanged

Are profits backed by cash?

4 of 6checks within range1 beyond a threshold

Other income reliance27%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 27.2%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate4%Beyond threshold

Median quarterly effective tax rate over about 2.5 years: 4.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.05xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.05x (cash from operations ₹8,309 cr, net profit ₹7,901 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 5. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+6 daysWithin range

Debtor days are above the median of the previous three fiscal years by 6 days (43 vs 37). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress0% of fixed assetsWithin range

Capital work-in-progress is 0% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Over 2 years, FIIs added 4.3 pts; DIIs trimmed 3.6 pts.
The number of shareholders rose from 98,047 to 1.7 lakh (+72%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change

Promoters30.1%30.1%0.0 pts

FIIs26.8%31.0%+4.3 pts

DIIs16.4%12.8%-3.6 pts

Public and others26.8%26.1%-0.7 pts

Number of shareholders

1.7 lakhshareholders+72% since Dec '23

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−0.3%typical 12-month return vs the marketNot meaningfully different from the base rate

We found 50 past situations where a non-financial company looked like GREAT EASTERN SHIPPING CO LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −21% to +18% vs the market, against −2% for all non-financial companies in the same months.
The gap against the base rate (+1.9%, 80% range −8.5% to +5.4%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 4 beyond the range shown, drawn at the edge

Similar setups' median

−0.3%

All companies' median

−2.2%

Beat the market

50% vs 48%

50 past situations · 50 companies · 33 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
HEG Producer Manufacturing	Oct 2023	12x	15%	+55%	−10%	−5%
NAVA Utilities	Sep 2024	16x	16%	+154%	−13%	+23%
GUJALKALI Process Industries	Apr 2020	4x	24%	−25%	−38%	−29%
NATIONALUM Non-Energy Minerals	Mar 2025	8x	17%	+18%	−30%	+126%
MAHSEAMLES Non-Energy Minerals	Mar 2024	15x	20%	+137%	−21%	−22%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
NATCOPHARM Health Technology	Jan 2025	12x	30%	+36%	−26%	−33%
TRIVENI Process Industries	Sep 2023	4x	18%	+49%	−3%	−14%
KIRIINDUS Process Industries	Nov 2022	7x	16%	+11%	−10%	−48%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, revenue growth and 12-month momentum. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to GREAT EASTERN SHIPPING CO LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

NATCO PHARMANATCOPHARM

Health Technology

68%similar

volatilitydebt/equity

ATULATUL

Process Industries

60%similar

revenueEPS growth

PETRONET LNGPETRONET

Utilities

60%similar

debt/equitymarket cap

P I INDUSTRIESPIIND

Process Industries

56%similar

revenuevolatility

BIRLASOFTBSOFT

Technology Services

55%similar

revenuerevenue growth

GUJARAT PIPAVAV PORTGPPL

Transportation

48%similar

operating margindebt/equity

CONTAINER CORPORATION OF INDIACONCOR

Transportation

45%similar

debt/equityrevenue growth

SHIPPING CORP OF INDIA LTSCI

Transportation

44%similar

revenue growthrevenue

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Nov '22

2026
SepResultsRevenue (TTM) reached a new high of ₹6,212 cr.
SepPeer rankMoved into the top quartile of Transportation on EPS growth (from the 2nd quartile).
AugPriceFell 26% from the May 2026 peak to the Aug 2026 low.
AugPriceVolume reached 17.3x its 50-day median on 2026-08-04; price +2.6% that day.
JunResultsYear-on-year EPS growth turned positive.
JunPeer rankMoved into the 2nd quartile of Transportation on EPS growth (from the 3rd quartile).
MayPriceVolume reached 32.2x its 50-day median on 2026-05-18; price +10.6% that day.
MarPriceRegained the 2024-07 peak, 13 months after the low.

Show 22 earlier events

2026
JanPriceVolume reached 10.8x its 50-day median on 2026-01-30; price +1.3% that day.
2025
OctPriceVolume reached 13.8x its 50-day median on 2025-10-03; price +6.0% that day.
SepPriceVolume reached 13.8x its 50-day median on 2025-09-16; price +6.3% that day.
JunResultsYear-on-year EPS growth turned negative.
JunPeer rankSlipped to the 3rd quartile of Transportation on EPS growth (from the 2nd quartile).
JunPriceVolume reached 20.7x its 50-day median on 2025-06-13; price +1.5% that day.
FebPriceFell 44% from the Jul 2024 peak to the Feb 2025 low.
FebValuationP/E fell below the 10th percentile of its own history to date (4.1x).
2024
DecInstitutionsFII + DII holding fell 3.7 pts over 2 quarters to 40.3%.
DecPriceVolume reached 6.1x its 50-day median on 2024-12-24; price +2.0% that day.
AugPeer rankSlipped to the 2nd quartile of Transportation on ROCE (from the top quartile).
JulPriceVolume reached 17.3x its 50-day median on 2024-07-11; price +6.7% that day.
JunPeer rankSlipped to the 2nd quartile of Transportation on EPS growth (from the top quartile).
MayPriceVolume reached 19.0x its 50-day median on 2024-05-14; price +4.7% that day.
2023
DecPriceVolume reached 10.1x its 50-day median on 2023-12-19; price +6.4% that day.
SepPriceVolume reached 22.8x its 50-day median on 2023-09-07; price +5.7% that day.
JunResultsYear-on-year EPS growth turned positive.
JunValuationP/E fell below the 10th percentile of its own history to date (4.1x).
JunPeer rankMoved into the top quartile of Transportation on ROCE (from the 3rd quartile).
MayPriceVolume reached 9.7x its 50-day median on 2023-05-15; price +6.6% that day.
MarPriceVolume reached 6.6x its 50-day median on 2023-03-02; price +4.5% that day.
2022
NovPriceVolume reached 5.5x its 50-day median on 2022-11-07; price +8.7% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history60 months · 2021-12 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	5.4x	₹6212 cr	22.1%	16.0%	0.1x
2026-10	6.1x	₹6212 cr	22.1%	16.0%	0.1x
2026-09	5.9x	₹6212 cr	22.1%	16.0%	0.1x
2026-08	6.3x	₹5408 cr	17.3%	16.0%	0.1x
2026-07	6.6x	₹5408 cr	17.3%	16.0%	0.1x
2026-06	7.2x	₹5408 cr	17.3%	16.0%	0.1x
2026-05	9.0x	₹5120 cr	15.9%	14.0%	0.2x
2026-04	10.0x	₹5120 cr	15.9%	14.0%	0.2x
2026-03	8.9x	₹5120 cr	15.9%	14.0%	0.2x
2026-02	9.4x	₹4903 cr	14.3%	14.0%	0.2x
2026-01	8.4x	₹4903 cr	14.3%	14.0%	0.2x
2025-12	7.9x	₹4903 cr	14.3%	14.0%	0.2x
2025-11	7.8x	₹5015 cr	14.3%	14.0%	0.2x
2025-10	7.7x	₹5015 cr	14.3%	14.0%	0.2x
2025-09	7.0x	₹5015 cr	14.3%	14.0%	0.2x
2025-08	5.6x	₹5322 cr	16.4%	14.0%	0.2x
2025-07	5.7x	₹5322 cr	16.4%	14.0%	0.2x
2025-06	6.0x	₹5322 cr	16.4%	14.0%	0.2x
2025-05	4.6x	₹5596 cr	23.3%	19.0%	0.2x
2025-04	4.3x	₹5596 cr	23.3%	19.0%	0.2x
2025-03	4.6x	₹5596 cr	23.3%	19.0%	0.2x
2025-02	4.1x	₹5604 cr	22.8%	19.0%	0.2x
2025-01	5.0x	₹5604 cr	22.8%	19.0%	0.2x
2024-12	4.9x	₹5604 cr	22.8%	19.0%	0.2x
2024-11	5.5x	₹5479 cr	23.0%	19.0%	0.2x
2024-10	6.5x	₹5479 cr	23.0%	19.0%	0.2x
2024-09	6.0x	₹5479 cr	23.0%	19.0%	0.2x
2024-08	7.3x	₹5255 cr	21.1%	19.0%	0.2x
2024-07	7.6x	₹5255 cr	21.1%	19.0%	0.2x
2024-06	6.7x	₹5255 cr	21.1%	19.0%	0.2x
2024-05	6.0x	₹5690 cr	25.1%	21.0%	0.4x
2024-04	6.0x	₹5690 cr	25.1%	21.0%	0.4x
2024-03	5.6x	₹5690 cr	25.1%	21.0%	0.4x
2024-02	5.6x	₹5690 cr	25.1%	21.0%	0.4x
2024-01	5.5x	₹5690 cr	25.1%	21.0%	0.4x
2023-12	5.4x	₹5690 cr	25.1%	21.0%	0.4x
2023-11	4.9x	₹5690 cr	25.1%	21.0%	0.4x
2023-10	4.4x	₹5690 cr	25.1%	21.0%	0.4x
2023-09	4.7x	₹5690 cr	25.1%	21.0%	0.4x
2023-08	4.2x	₹5690 cr	25.1%	21.0%	0.4x
2023-07	4.4x	₹5690 cr	25.1%	21.0%	0.4x
2023-06	4.1x	₹5690 cr	25.1%	21.0%	0.4x
2023-05	15.6x	₹3509 cr	7.8%	7.0%	0.6x
2023-04	15.4x	₹3509 cr	7.8%	7.0%	0.6x
2023-03	14.6x	₹3509 cr	7.8%	7.0%	0.6x
2023-02	12.5x	₹3509 cr	7.8%	7.0%	0.6x
2023-01	14.6x	₹3509 cr	7.8%	7.0%	0.6x
2022-12	15.2x	₹3509 cr	7.8%	7.0%	0.6x
2022-11	15.1x	₹3509 cr	7.8%	7.0%	0.6x
2022-10	12.6x	₹3509 cr	7.8%	7.0%	0.6x
2022-09	12.3x	₹3509 cr	7.8%	7.0%	0.6x
2022-08	12.9x	₹3509 cr	7.8%	7.0%	0.6x
2022-07	10.8x	₹3509 cr	7.8%	7.0%	0.6x
2022-06	9.0x	₹3509 cr	7.8%	7.0%	0.6x
2022-05	6.4x	₹3337 cr	11.9%	9.0%	0.7x
2022-04	6.2x	₹3337 cr	11.9%	9.0%	0.7x
2022-03	5.5x	₹3337 cr	11.9%	9.0%	0.7x
2022-02	5.2x	₹3337 cr	11.9%	9.0%	0.7x
2022-01	5.0x	₹3337 cr	11.9%	9.0%	0.7x
2021-12	4.8x	₹3337 cr	11.9%	9.0%	0.7x

Older months are in the live observatory.

Methodology and data notes