Single-Digit PE Stock: Shipping Company Fleet with Suezmax Crude Carrier and Kamsarmax Dry Bulk Vessel
DSIJ Intelligence-2 / 26 Aug 2025/ Categories: Mindshare, Trending
The stock is up by 19 per cent from its 52-week low of Rs 797.25 per share and gave multibagger returns of over 300 per cent in 5 years.
The Great Eastern Shipping Company Limited (G E Shipping) has contracted to buy a Suezmax Crude Carrier of about 164,715 dwt on August 25, 2025.
The 2010-built vessel is expected to join the Company’s fleet by Q3 FY26. The Company’s current owned fleet stands at 38 vessels, comprising 26 tankers (5 crude carriers, 17 product tankers, 4 LPG carriers) and 12 dry bulk carriers aggregating 3.04 mn dwt. The Company’s current capacity utilisation is close to 100 per cent.
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Additionally, the company has 1 Secondhand Kamsarmax Dry Bulk Carrier on order, which was contracted to buy in Jul’25 and expected to join the fleet by Q3 FY26. The proposed ship will be financed entirely from internal accruals. The purpose of the acquisition is the expansion of the fleet.
Post delivery of these 2 vessels, the Company will have 40 vessels aggregating 3.29 mn dwt.
About the Company
The Great Eastern Shipping Company Ltd. (GE Shipping), founded in 1948, is India's largest private sector shipping company, specializing in the transportation of liquid (crude oil, petroleum products, gas) and solid bulk commodities. Through its two main business segments—shipping and offshore—GE Shipping operates a diverse fleet and also provides offshore exploration and production services via its wholly-owned subsidiary, Greatship (India) Limited. The company is publicly traded on both the BSE and NSE, with a strong international presence and a focus on operational efficiency and sustainable growth.
According to Quarterly Results (Q1FY26), the company reported net sales of Rs 1,201 crore and net profit of Rs 504 crore. In its annual results FY25), the company reported net sales of Rs 5,323 crore and net profit of Rs 2,344 crore.
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The shares of the company have a PE of 8.22x, an ROCE of 14 per cent and an ROE of 14 per cent. The stock is up by 19 per cent from its 52-week low of Rs 797.25 per share and gave multibagger returns of over 300 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.