Great Eastern Shipping Co. Ltd.
GESHIPServices filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
22 transcript(s)/analyst meet(s) served; 4 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 22 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| UNRESOLVED | 20190503 | 2019-03-31 | no | |
| TRANSCRIPT | 20210803 | 2021-06-30 | yes | |
| COVER_LETTER | 20211108 | 2021-09-30 | no | |
| TRANSCRIPT | 20220202 | 2021-12-31 | yes | |
| COVER_LETTER | 20220510 | 2022-03-31 | no | |
| COVER_LETTER | 20220805 | 2022-06-30 | no | |
| TRANSCRIPT | 20221118 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230207 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230517 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230808 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231103 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240205 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240514 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240806 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241113 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250131 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250513 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250806 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251114 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260204 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260520 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260811 | 2026-06-30 | yes |
GESHIP
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 1,482.60 |
| 52-week range | 976.0 – 1719.6 |
| Return 1M | 10.43% |
| Return 3M | -1.09% |
| Return 1Y | 44.09% |
| Return 3Y | 80.19% |
| Return 5Y | 308.26% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 2,005.00 |
| Other income | 281.00 |
| Total income | 2,286.00 |
| Cost of materials consumed | 0.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 260.00 |
| Finance costs | 20.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.30 | 0.00 |
| institutions foreign | 0.31 | 0.03 |
| institutions domestic | 0.13 | -0.02 |
| mutual funds | 0.12 | -0.03 |
| public | 0.70 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2022-06-30 | 3 |
| TRANSCRIPT | 2026-06-30 | 18 |
| UNRESOLVED | 2019-03-31 | 1 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,447.00 | 1,421.00 | 1,456.00 | 1,284.00 | 1,229.00 | 1,245.00 | 1,497.00 | 1,508.00 | 1,354.00 | 1,237.00 | 1,223.00 | 1,201.00 | 1,242.00 | 1,454.00 | 1,511.00 | 2,005.00 |
| Other income | 253.00 | 101.00 | 95.00 | 51.00 | 232.00 | 151.00 | 229.00 | 195.00 | 225.00 | 264.00 | 150.00 | 135.00 | 140.00 | 282.00 | 346.00 | 281.00 |
| Total income | 1,700.00 | 1,522.00 | 1,551.00 | 1,335.00 | 1,461.00 | 1,396.00 | 1,727.00 | 1,703.00 | 1,580.00 | 1,501.00 | 1,373.00 | 1,337.00 | 1,382.00 | 1,737.00 | 1,857.00 | 2,286.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 190.00 | 191.00 | 205.00 | 214.00 | 223.00 | 217.00 | 232.00 | 241.00 | 240.00 | 236.00 | 228.00 | 221.00 | 215.00 | 246.00 | 250.00 | 260.00 |
| Finance costs | 88.00 | 85.00 | 77.00 | 62.00 | 77.00 | 67.00 | 59.00 | 61.00 | 64.00 | 61.00 | 51.00 | 45.00 | 44.00 | 25.00 | 23.00 | 20.00 |
| Depreciation and amortisation | 181.00 | 184.00 | 167.00 | 180.00 | 187.00 | 194.00 | 166.00 | 197.00 | 206.00 | 205.00 | 205.00 | 197.00 | 224.00 | 246.00 | 222.00 | 234.00 |
| Other expenses | 465.00 | 434.00 | 404.00 | 278.00 | 362.00 | 379.00 | 329.00 | 357.00 | 461.00 | 390.00 | 493.00 | 338.00 | 299.00 | 372.00 | 320.00 | 408.00 |
| Total expenses | 924.00 | 894.00 | 853.00 | 734.00 | 850.00 | 856.00 | 785.00 | 855.00 | 970.00 | 893.00 | 977.00 | 801.00 | 781.00 | 890.00 | 815.00 | 921.00 |
| Profit before exceptional items and tax | 777.00 | 629.00 | 698.00 | 601.00 | 612.00 | 540.00 | 942.00 | 848.00 | 610.00 | 608.00 | 396.00 | 536.00 | 601.00 | 847.00 | 1,043.00 | 1,365.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 777.00 | 629.00 | 698.00 | 601.00 | 612.00 | 540.00 | 942.00 | 848.00 | 610.00 | 608.00 | 396.00 | 536.00 | 601.00 | 847.00 | 1,043.00 | 1,365.00 |
| Current tax | 6.00 | 8.00 | -31.00 | 22.00 | 11.00 | 7.00 | 19.00 | 19.00 | 20.00 | 18.00 | 24.00 | 29.00 | 27.00 | 14.00 | 7.00 | 29.00 |
| Deferred tax | 2.00 | -6.00 | 7.00 | 3.00 | 6.00 | -6.00 | 18.00 | 17.00 | 15.00 | -4.00 | 9.00 | 3.00 | -8.00 | 20.00 | -8.00 | 27.00 |
| Tax expense | 8.00 | 2.00 | -24.00 | 25.00 | 17.00 | 2.00 | 37.00 | 36.00 | 34.00 | 14.00 | 33.00 | 31.00 | 19.00 | 34.00 | -1.00 | 56.00 |
| Profit for the period | 769.00 | 627.00 | 722.00 | 576.00 | 595.00 | 538.00 | 905.00 | 812.00 | 576.00 | 594.00 | 363.00 | 504.00 | 581.00 | 813.00 | 1,044.00 | 1,309.00 |
| Profit attributable to owners | 769.00 | 627.00 | 722.00 | 576.00 | 595.00 | 538.00 | 905.00 | 812.00 | 576.00 | 594.00 | 363.00 | 504.00 | 581.00 | 813.00 | 1,044.00 | 1,309.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | 0.00 | 20.00 | -22.00 | 10.00 | 6.00 | -10.00 | -5.00 | 3.00 | -7.00 | 28.00 | -5.00 | 7.00 | 53.00 | 18.00 | 94.00 | -5.00 |
| Total comprehensive income | 769.00 | 648.00 | 700.00 | 586.00 | 600.00 | 529.00 | 900.00 | 815.00 | 569.00 | 621.00 | 358.00 | 511.00 | 634.00 | 831.00 | 1,139.00 | 1,303.00 |
| Earnings per share, basic | 53.85 | 43.93 | 50.57 | 40.36 | 41.65 | 37.70 | 63.40 | 56.87 | 40.32 | 41.58 | 25.43 | 35.34 | 40.72 | 56.91 | 73.13 | 91.68 |
| Earnings per share, diluted | 53.74 | 43.84 | 50.47 | 40.28 | 41.57 | 37.62 | 63.27 | 56.76 | 40.23 | 41.50 | 25.38 | 35.27 | 40.64 | 56.80 | 72.98 | 91.49 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,547.00 | 3,687.00 | 3,337.00 | 3,509.00 | 5,690.00 | 5,255.00 | 5,323.00 | 5,409.00 |
| Other income | 283.00 | 262.00 | 232.00 | 160.00 | 481.00 | 664.00 | 834.00 | 903.00 |
| Total income | 3,830.00 | 3,948.00 | 3,568.00 | 3,669.00 | 6,171.00 | 5,919.00 | 6,157.00 | 6,312.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 712.00 | 693.00 | 699.00 | 722.00 | 765.00 | 886.00 | 944.00 | 932.00 |
| Finance costs | 521.00 | 450.00 | 242.00 | 370.00 | 343.00 | 265.00 | 236.00 | 136.00 |
| Depreciation and amortisation | 773.00 | 743.00 | 700.00 | 698.00 | 712.00 | 726.00 | 813.00 | 889.00 |
| Other expenses | 1,782.00 | 1,828.00 | 984.00 | 1,259.00 | 1,798.00 | 1,347.00 | 1,701.00 | 1,329.00 |
| Total expenses | 3,788.00 | 3,713.00 | 2,626.00 | 3,049.00 | 3,618.00 | 3,224.00 | 3,695.00 | 3,287.00 |
| Profit before exceptional items and tax | 42.00 | 235.00 | 943.00 | 620.00 | 2,554.00 | 2,694.00 | 2,462.00 | 3,026.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 42.00 | 235.00 | 943.00 | 620.00 | 2,554.00 | 2,694.00 | 2,462.00 | 3,026.00 |
| Current tax | 67.00 | 87.00 | 24.00 | 25.00 | -13.00 | 59.00 | 81.00 | 76.00 |
| Deferred tax | -4.00 | -59.00 | -0.00 | -35.00 | -9.00 | 21.00 | 37.00 | 7.00 |
| Tax expense | 64.00 | 28.00 | 24.00 | -10.00 | -21.00 | 80.00 | 117.00 | 83.00 |
| Profit for the period | -21.00 | 207.00 | 919.00 | 630.00 | 2,575.00 | 2,614.00 | 2,344.00 | 2,943.00 |
| Profit attributable to owners | — | — | — | 630.00 | 2,575.00 | 2,614.00 | 2,344.00 | 2,943.00 |
| Profit attributable to non-controlling interests | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | 36.00 | 60.00 | 30.00 | 79.00 | 38.00 | 0.00 | 19.00 | 172.00 |
| Total comprehensive income | 15.00 | 267.00 | 948.00 | 709.00 | 2,613.00 | 2,615.00 | 2,363.00 | 3,114.00 |
| Earnings per share, basic | -1.42 | 13.94 | 62.50 | 42.99 | 180.36 | 183.11 | 164.20 | 206.11 |
| Earnings per share, diluted | -1.42 | 13.91 | 62.38 | 42.91 | 180.00 | 182.74 | 163.87 | 205.69 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 14,993.00 | 15,209.00 | 15,990.00 | 16,808.00 | 17,666.00 | 17,656.00 | 17,743.00 | 19,460.00 |
| Non-current assets | 8,783.00 | 8,713.00 | 8,427.00 | 8,619.00 | 8,941.00 | 8,540.00 | 8,402.00 | 9,628.00 |
| Current assets | 6,210.00 | 6,496.00 | 7,520.00 | 8,134.00 | 8,545.00 | 9,116.00 | 9,256.00 | 9,764.00 |
| Property, plant and equipment | 8,515.00 | 8,422.00 | 8,135.00 | 8,308.00 | 8,683.00 | 8,225.00 | 8,061.00 | 9,287.00 |
| Capital work-in-progress | 35.00 | 35.00 | 18.00 | 51.00 | 17.00 | 17.00 | 23.00 | 43.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 0.00 | 6.00 | 5.00 | 7.00 | 15.00 | 16.00 | 14.00 | 16.00 |
| Inventories | 275.00 | 204.00 | 279.00 | 247.00 | 289.00 | 253.00 | 268.00 | 286.00 |
| Trade receivables | 560.00 | 577.00 | 498.00 | 647.00 | 487.00 | 481.00 | 429.00 | 639.00 |
| Cash and cash equivalents | 2,974.00 | 2,678.00 | 3,394.00 | 3,288.00 | 3,611.00 | 4,112.00 | 3,853.00 | 4,337.00 |
| Total equity and liabilities | 14,993.00 | 15,209.00 | 15,990.00 | 16,808.00 | 17,666.00 | 17,656.00 | 17,743.00 | 19,460.00 |
| Equity | 9,134.00 | 10,275.00 | 11,149.00 | 12,397.00 | 13,498.00 | 14,259.00 | 15,225.00 | 16,962.00 |
| Equity share capital | 143.00 | 143.00 | 143.00 | 143.00 | 143.00 | 143.00 | 143.00 | 143.00 |
| Other equity | 8,991.00 | 10,133.00 | 11,006.00 | 12,255.00 | 13,356.00 | 14,116.00 | 15,082.00 | 16,820.00 |
| Total liabilities | 5,859.00 | 4,934.00 | 4,841.00 | 4,410.00 | 4,167.00 | 3,396.00 | 2,518.00 | 2,498.00 |
| Non-current liabilities | 4,241.00 | 3,497.00 | 2,592.00 | 2,904.00 | 2,558.00 | 1,985.00 | 1,289.00 | 1,119.00 |
| Current liabilities | 1,618.00 | 1,437.00 | 2,250.00 | 1,506.00 | 1,610.00 | 1,411.00 | 1,229.00 | 1,378.00 |
| Borrowings, non-current | 3,643.00 | 3,021.00 | 2,046.00 | 2,408.00 | 2,025.00 | 1,488.00 | 799.00 | 600.00 |
| Borrowings, current | 561.00 | 602.00 | 1,428.00 | 623.00 | 749.00 | 667.00 | 450.00 | 450.00 |
| Trade payables | 443.00 | 344.00 | 392.00 | 456.00 | 430.00 | 290.00 | 297.00 | 360.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 1,408.00 | 2,975.00 | 1,284.00 | 2,808.00 | 1,606.00 | 2,647.00 | 1,243.00 | 2,854.00 |
| Net cash from investing activities | 679.00 | -38.00 | -108.00 | -915.00 | -627.00 | -191.00 | -402.00 | -1,187.00 |
| Net cash from financing activities | -819.00 | -1,893.00 | -565.00 | -1,330.00 | -678.00 | -1,675.00 | -1,241.00 | -1,769.00 |
| Purchase of property, plant and equipment | 190.00 | 465.00 | 0.00 | 845.00 | 1,001.00 | 1,175.00 | 380.00 | 2,372.00 |
| Net increase in cash | 1,416.00 | 1,120.00 | 715.00 | 610.00 | 323.00 | 824.00 | -259.00 | 225.00 |
| con:CFO.BEFORE_TAX | 1,389.00 | 2,974.00 | 1,329.00 | 2,855.00 | 1,654.00 | 2,730.00 | 1,311.00 | 2,937.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | -11.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | -19.00 | -0.00 | 34.00 | 47.00 | 48.00 | 83.00 | 67.00 | 83.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 266.00 | 266.00 | 0.00 | 410.00 | 383.00 | 1,000.00 | 1.00 | 794.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 30.07 | 30.07 | 30.07 | 30.07 | 30.07 | 30.07 | 30.07 | 30.07 | 30.07 | 30.07 | 0.30 | 0.30 | 0.30 | 0.30 |
| Domestic institutions | 17.05 | 16.67 | 15.91 | 16.41 | 16.61 | 17.36 | 15.69 | 15.21 | 14.90 | 15.12 | 0.16 | 0.16 | 0.15 | 0.13 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 14.32 | 0.15 | 0.16 | 0.15 | 0.12 |
| Insurance companies | 0.13 | 0.13 | 0.12 | 0.12 | 0.19 | 1.13 | 0.57 | 0.70 | 0.62 | 0.75 | 0.01 | 0.01 | 0.00 | 0.01 |
| Foreign institutions | 25.94 | 26.18 | 27.30 | 26.75 | 27.41 | 24.51 | 24.64 | 25.05 | 25.45 | 24.64 | 0.25 | 0.26 | 0.28 | 0.31 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | — | 0.00 | 0.00 |
| Public | 69.93 | 69.93 | 69.93 | 69.93 | 69.93 | 69.93 | 69.93 | 69.93 | 69.93 | 69.93 | 0.70 | 0.70 | 0.70 | 0.70 |
| Non-institutional | 26.94 | 27.08 | 26.72 | 26.77 | 25.90 | 28.05 | 29.59 | 29.67 | 29.58 | 30.17 | 0.29 | 0.28 | 0.26 | 0.26 |
| Shares outstanding | 142767161 | 142767161 | 142767161 | 142767161 | 142767161 | 142767161 | 142767161 | 142767161 | 142767161 | 142767161 | 142767161 | 142767161 | 142767161 | 142767161 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Geshipping IFSC Ltd | Fellow Subsidiary | Any other transaction | 937,500,000.00 | 5 |
| Ravi Kanaiyalal Sheth | Son of Mr. Kanaiyalal Sheth | Dividend paid, Remuneration | 372,200,000.00 | 2 |
| Mr Bharat K Sheth | Deputy Chairman and Managing Direc | Dividend paid, Remuneration | 322,800,000.00 | 2 |
| Greatship India Limited | Subsidiary | Any other transaction, Dividend received, Loan, Sale | 303,100,000.00 | 5 |
| Great Eastern CSR Foundation | Subsidiary | Any other transaction | 49,100,000.00 | 1 |
| The Greatship Singapore Pte Ltd | Subsidiary | Purchase of goods or services | 41,600,000.00 | 2 |
| Mr Bharat K. Sheth | Deputy Chairman and Managing Direc | Remuneration | 29,000,000.00 | 1 |
| Alok Mahajan | Executive Director & COO | Remuneration | 25,000,000.00 | 1 |
| Mr Tapas Icot | Executive Director | Remuneration | 16,600,000.00 | 1 |
| Kanaiyalal Maneklal Sheth | Non Executive Chairman, Father of | Dividend paid, Remuneration | 13,300,000.00 | 2 |
| Pradyumna Raghunath Naware | Executive Director | Remuneration | 11,000,000.00 | 1 |
| Shivakumar Gomathinayagam | Executive Director and Chief Finan | Dividend paid, Remuneration | 9,800,000.00 | 2 |
| Amisha Ghia | Company Secretary | Remuneration | 6,000,000.00 | 1 |
| Mr Anand Punde | Company Secretary | Dividend paid, Remuneration | 4,300,000.00 | 2 |
| Amita Ravi Sheth | Wife of Mr.Ravi Sheth | Dividend paid | 3,700,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-11 | Q1FY27 | LIMITED | Read the call |
| 2026-05-20 | Q4FY26 | LIMITED | Read the call |
| 2026-02-04 | Q3FY26 | LIMITED | Read the call |
| 2025-11-14 | Q2FY26 | COMPANY LIMITED | Read the call |
| 2025-08-06 | Q1FY26 | COMPANY LIMITED, EASTERN SHIPPING COMPANY LIMITED | Read the call |
| 2025-05-13 | Q4FY25 | COMPANY LIMITED, LIMITED | Read the call |
| 2025-01-31 | Q3FY25 | ANJALI, COMPANY LIMITED, CORPORATE | Read the call |
| 2024-11-13 | Q2FY25 | Read the call | |
| 2024-08-06 | Q1FY25 | For Internal Communication Only | Read the call |
| 2024-05-14 | Q4FY24 | ANJALI, COMPANY LIMITED, CORPORATE | Read the call |
| 2024-02-05 | Q3FY24 | Read the call | |
| 2023-11-03 | Q2FY24 | COMPANY LIMITED. | Read the call |
| 2023-08-08 | Q1FY24 | Read the call | |
| 2023-05-17 | Q4FY23 | ANJALI, CORPORATE, OFFICER | Read the call |
| 2023-02-07 | Q3FY23 | MR. BHARAT SHETH - | Read the call |
| 2022-11-18 | Q2FY23 | Read the call | |
| 2022-02-02 | Q3FY22 | MANAGING DIRECTOR | Read the call |
| 2021-08-03 | Q1FY22 | COMPANY LIMITED, GREAT, SHIPPING COMPANY LIMITED | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q3FY23 | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | — | — | And we did a significant Capex and we made a, those were very profitable investments. | So, there are some green shoots in that market tightening further, but again, as you can imagine, how Saudi Aramco decides how to change its CapEx pla… | — | — | So the results of all the CAPEX that we did and the levering up that we did, we are awaiting opportunities to buy while prices have dropped. | — |
| Capital allocation | Would SCI be a good asset and it's on the divestment list, so would that be an asset you would evaluate for a buyout or something? | We declared the third interim dividend of Rs. | We have declared the third interim dividend for this financial year, making it the 12th consecutive quarter of quarterly dividends. | So, then my question is The Great Eastern Shipping Company Limited January 30, 2026 that, what levels of cash would you start increasing, increase you… | Today, the Board declared both interim dividend of Rs. | We have declared a fourth interim dividend of Rs.10.80 per share, taking the dividend for the year FY'24 to Rs.36.30 per share, which includes a speci… | We have declared the 13th consecutive quarterly dividend, and this time, it’s for INR 5.40 per share. | And we've also declared our highest ever quarterly dividend of INR11.70 per share, taking the total dividend for the year to INR35.10 per share. |
| Costs | — | Because the cost base is reasonably fixed except for normal cost inflation. | — | — | — | And sir, lastly, not regarding the business of company, but as a sectoral question is, how are ship repair rates going forward, is the ship repair cos… | — | — |
| Debt and cash | On the balance sheet front, these cash flows have been exceptionally strong and we've used the cash flows to pay some dividends. | And they give you very good cash flows, which enables you also to reinvest in the business because they are producing such significant cash flows as a… | So, you can see the net debt number at the bottom of the screen, which was 4,280 negative. | Significant free cash flow has been generated since your last share buyback. | 200 has actually come into the bank, of course, which has helped us to become net cash from net debt in the beginning of last year. | So, a large part of the NAV accretion has come from cash flows and cash accruals. | It is written down to the higher of market value or the value in use, which is basically the NPV of the future cash flows, where you do an assessment … | Even when the markets are very weak, it's a cash flow generating business. |
| Demand | But, what we have seen again from previous experience, that whenever markets are tight, a sudden surge in demand for some cargoes tends to exaggerate … | This time it was more normalized and therefore there was less demand for product tankers in the east. | The oil demand has not been growing as strongly as was expected. | The understanding that I am getting is that there is a demand-supply gap, and the shipbuilding is slow, as well as the age of vessels in use already i… | Even bulker values, despite having a low spot market, have gone up during the quarter and this is probably due to the optimism caused by the low level… | Order book for crude and product tankers have built up but are still quite low and we will see that in perspective in a couple of slides. | A large part of this comes from slow growth in demand, unwinding of previous inefficiencies like the Red Sea impact, which I mentioned for Q4 of last … | And that resulted in a big spike in demand for ships and therefore, a big spike in the freight rates. |
| Guidance | Not that we expected the market to do as well as it has done, but really, we have significantly benefited from our overall policy that run everything … | So just wanted to get your outlook on when we expect some scrapping levels to go up it. | To which mail ID should we send questions and can we expect response? | — | And for product tankers the order book-to-fleet ratio is currently 8% which is at very low levels, so at what level would you think that the outlook f… | First of all, a standard disclaimer: We are not intending to forecast, and we don't intend to give guidance on future profitability. | Do we expect West to East trade grow as tariff discussion progress? | Second question is, should we expect the benefit of higher freight rates to be reflected more meaningfully from Q1 FY27 onwards? |
| Margin | And I think I've mentioned this in the past that since we have a very conservatively leveraged balance sheet, and now indeed, we are net debt, we may … | So, this quarter's EBITDA seems to be a little bit off compared to what we've seen last two-three quarters. | — | Now, between 21, 22, 23, you can play on the margin a bit. | 1400 crores beating that by a huge margin. | FY'16 to '21 we had a very challenging period for Greatship and indeed the entire industry worldwide utilization levels across asset classes were very… | Second 1 is, we understand the operating margin in shipping industry can be highly volatile, moving sharply in either direction depending on the marke… | But can you give some idea what is the operating margin on in-chartered ships? |
| People | The effective utilization rates for jack up rigs, if you take out the rigs, which have been cold stacked for quite some time, now we are getting close… | Our utilization has been improving very gradually. | There was a gradual improvement in jack-up utilization till early 2024 when Saudi Aramco off-hired or suspended contracts on several rigs. | When you remove those ships from the fleet supply, we then calculate what is the utilization of the industry. | So, the utilization of rigs which went down to low 60s in 2016-17, is probably close to 90% now on an effective utilization basis. | And post FY'21 utilization levels have improved, the market bottomed out and E&P activities have started to increase, contracts are getting repriced, … | But what happens is the utilizations are lower because the contracts are shorter duration. | This is the data on jack-up utilization. |
| Pricing | How does this compare with the previous pricing on the same rate and on the average of the remainder of the three rigs that we have? | With every pricing which happens for a tender for term business is done at a higher level than before. | So, you will see that we have two rigs for re-pricing in H2 FY '25. | — | It's not like you have daily pricing like you have in shipping, but recent pricing points, there is a significant increase in pricing. | Let's look at what assets we have up for pricing. | And market participants take that into account and their keenness on landing a contract goes into the pricing, which is put into the tender. | The fixing that we have seen recently in Nigeria seems to indicate that pricing remains firm. |
| Revenue growth | And remember, that this growth of Rs.300-plus in net asset value is after having paid out dividends, between May and November, we paid out about Rs.16… | So, on a yearly basis, if I assume it to be 1000 crore revenue, and now with large part of our fleet getting repriced in the next year at 50% to 60% h… | So, seaborne product trade has been flat year-on-year during the quarter, but the fleet saw growth of about 2%. | — | That's Q4-FY23 versus Q4-FY22. On the other end, on the supply side, the crude supply growth was only 4% and the product supply growth was only 2%. | So, the growth of the actual trade is not really a factor here when we are thinking of purchasing. | Product tanker fleet saw a growth of about 2% during the year. | Sometimes in those local markets, you have to share some of the top line rate with local partners. |