GESHIP
The Great Eastern Shipping Company Limited
NSELast Traded Price
₹1338
20.8 (1.58%)
Open
₹1324.9
High
₹1363
Low
₹1321.2
Prev Close
₹1317.2
Industry
Shipping
Market Cap
19102.25 Cr
Filing History
Recent corporate announcements and filings for GESHIP
Routine
Neutral
2026-08-27 17:37
New Filing detected. See link for details.
Governance
Positive
2026-08-24 16:28
- Board meeting on August 27, 2026, to consider a proposal for the buyback of equity shares.
- Trading window closure from August 25, 2026, to August 29, 2026.
Business Update
Neutral
2026-08-20 15:03
- Investor/Analyst Meet Schedule
- Meet Date: September 03, 2026
Business Update
Positive
2026-08-13 10:39
- Crisil ESG Ratings assigned an overall ESG score of 'Crisil ESG 59' and a Core ESG rating of 'Crisil Core ESG 66' to The Great Eastern Shipping Company Limited.
- The rating was independently assigned by Crisil based on public domain data, as the company had not engaged Crisil for this rating.
Business Update
Positive
2026-08-11 11:28
- Management reported Q1 FY27 as their most profitable quarter, with consolidated NAV increasing by approximately INR 100/share, now just under INR 1,900/share.
- An 18th consecutive interim dividend of INR 14.40/share, described as the highest ever quarterly dividend, was announced.
- Favorable market conditions driven by Strait of Hormuz disruptions led to all-time high freight rates and a 5-10% increase in asset prices, with picking up order books across segments.
- Fleet strategy prioritizes replacement over expansion, with current capacity at 25-26% time charter and the rest on spot market to capitalize on market spikes.
- Modernization efforts include replacing MR and LR2 tankers with younger, more fuel-efficient vessels, saving $1,000-$2,500 per day in earnings.
- One of three jack-up rigs due for repricing secured a 3-year contract, and another won an ONGC tender.
- Regulatory and tax disadvantages for share buybacks have been removed, making it a more viable capital allocation option to be discussed by the Board.
- Management does not provide earnings guidance and notes market volatility continues, influenced by geopolitical events and Panama Canal water level drops which could create longer haul trades and benefit LPG shipping.
Business Update
Positive
2026-08-07 16:34
- Acquisition: The Great Eastern Shipping Company Limited contracted to buy a secondhand Kamsarmax Dry Bulk carrier.
- Vessel Details: Approximately 81,886 dwt, built in 2015.
- Expected Delivery: To join the Company's fleet in Q3 FY27.
- Financing: Entirely from internal accruals.
- Purpose: Expansion of the fleet.
Governance
Positive
2026-08-05 15:17
- Chairman's Speech at the 78th Annual General Meeting (August 04, 2026) reported highest-ever quarterly profits and interim dividend.
- Shipping and offshore businesses delivered strong performance in FY26.
- Focus areas include fleet modernization (US$135M capex in FY26), fuel efficiency, seafarer training, and system improvements.
- All ships previously stranded west of the Strait of Hormuz successfully transited.
Business Update
Neutral
2026-08-04 21:53
- Audio recording of the earnings call conducted on August 04, 2026, at 04:30 p.m. has been uploaded to the Company's website.
Governance
Neutral
2026-08-04 19:34
- The 78th Annual General Meeting (AGM) of The Great Eastern Shipping Company Limited was held on August 04, 2026.
- Members approved the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026.
- The re-appointment of Mr. G. Shivakumar as a Director, retiring by rotation, was also approved.
Financials
Positive
2026-08-03 17:25
- Board declared an interim dividend of ₹14.40 per equity share for FY2026-27.
- Communication details Tax Deduction at Source (TDS) on this dividend.
- Shareholders must submit relevant documents for tax relief by August 7, 2026.
Business Update
Neutral
2026-08-03 17:21
- Investor/Analyst Meet Scheduled
- Meet Date: August 07, 2026
- Venue: Mumbai
- Type: Group Meeting
Financials
Positive
2026-08-03 17:06
- Board approved unaudited financial results for the quarter ended June 30, 2026.
- Declared an interim dividend of Rs. 14.40 per share for FY 2026-27.
- The Record Date for the interim dividend is August 07, 2026, with payment on or after August 27, 2026.
Financials
Positive
2026-08-03 17:02
- Consolidated Revenue ₹2005.36 Cr vs ₹1201.47 Cr (▲66.90% YoY)
- EBITDA ₹1337.73 Cr vs ₹642.77 Cr (▲108.13% YoY)
- PAT ₹1308.84 Cr vs ₹504.50 Cr (▲159.44% YoY)
- EBITDA Margin 66.71% vs 53.50% (▲1321bps)
- Interim dividend of Rs. 14.40 per share declared for FY 2026-27.
Financials
Positive
2026-08-03 17:01
- Consolidated Revenue ₹2,005.36Cr vs ₹1,201.47Cr (▲66.90% YoY)
- EBITDA ₹1,337.73Cr vs ₹642.77Cr (▲108.13% YoY)
- PAT ₹1,308.84Cr vs ₹504.50Cr (▲159.43% YoY)
- EBITDA Margin 66.71% vs 53.50% (▲1321 bps)
- Interim dividend of Rs. 14.40 per share declared for FY 2026-27.