Great Eastern Shipping Company Ltd (GESHIP) — share price & stock analysis

Market cap

₹20,287 Cr

P/E

6.9×

ROE

18.8%

vs own 10-yr valuation

39th pctile

Book value / share

₹1,188

EPS (TTM)

₹206

10-yr median P/E

7.7×

Revenue (FY26)

₹5,409 Cr

Profit after tax (FY26)

₹2,943 Cr

Weinstein stage

Stage 2 (38 weeks)

Data as of

1 July 2026

6 of the 6 things we track are currently moving the right way — nearly everything is pulling in the same direction.

Where the levels actually stand: ROCE 18% — decent; effectively no debt; margins at an all-time high. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double, and a quarter of the score comes from our earnings-recovery lens (is the profit cycle turning up off its trough?).

The market has pre-paid for growth that hasn’t arrived yet

Since Jun 2016, the stock is up 357% while earnings per share grew 229%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps

That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.

Today’s P/E of 6.9× is the middle of its own range against its own 10-year history (39th percentile) — neither a bargain nor a stretch, by its own standards.pe_ratio

And the sharper caveat: today’s margins are the best this company has ever printed. The cheap multiple is only real if they hold — earnings at record profitability flatter every valuation ratio.operating_profit

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots (the window starts at the first stable snapshot — earlier IPO-era share-count revisions are excluded, since they are not earnings events); between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (7.7×).

An uptrend that has held for 38 weeks

Every stock cycles through the same four seasons — a flat base (stage 1), an advance (2), a top (3), a decline (4). Right now this one is in Stage 2: advancing, 38 weeks in, confirmed.stage

The price sits above its rising 200-day average (₹1,303 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 41 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

A business that went through the fire — losses in FY18 and FY19, records now

Over 12 years, sales went from ₹3,092 Cr to ₹5,409 Cr (about 5% a year), and profit from ₹574 Cr to ₹2,943 Cr.revenuenet_profit

The books show real losses in FY18 and FY19 (worst: ₹−210 Cr). Everything about today’s cheap-looking numbers must be read against that history — the recovery is what you are buying.net_profit

Sales jumped 24% last quarter

Mar 26 sales were ₹1,511 Cr, up 24% on the same quarter last year.revenue

Margins are widening — 41% → 62% in a year

Of every ₹100 of sales, the company keeps ₹62.3 as operating profit (a year ago it kept ₹41.0).opm_pct

Zoom out and this is the page's quiet hero: annual operating margin bottomed at 43.9% in FY22 and has been rebuilt to 58.2% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit

The gross margin moved the same way (93% → 95%), so this is about input costs and pricing power — the raw-material equation improved.gpm_pctopm_pct

Profit exploded 188% — mostly from keeping more of each sale

Mar 26 profit after tax was ₹1,044 Cr, up 188% year on year.net_profit

The profits are real — they turn into cash

Over the last 5 profitable years, the business reported ₹11,106 Cr of profit and collected ₹12,607 Cr of operating cash — about 114% conversion.operating_cash_flownet_profit

When cash tracks profit this closely, the earnings need no asterisk.

The cash cycle is stretching — more money stuck in the pipeline

One rupee now takes about 43 days to go out the door as materials and come back as collected cash — up from 33 days the year before.cash_conversion_cycle

The biggest mover: customers taking longer to pay (33 → 43 days).debtor_days

No big build-out underway — growth must come from what already exists

The productive asset base has gone from ₹9,842 Cr (FY14) to ₹9,342 Cr, with another ₹43.0 Cr of capacity under construction right now.fixed_assetscwip

The build is self-funded: the last 3 years' investing outflow (₹2,203 Cr) fits inside the operating cash the business generated (₹8,309 Cr).investing_cash_flowoperating_cash_flow

Almost no debt — this company cannot be killed by a bad year

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹6 — total borrowings have shrunk from ₹6,119 Cr to ₹1,087 Cr over the window.borrowings

Every ₹100 kept in the business earns ₹18 — decent, not special

Return on capital employed is 18.0% (a year ago: 14.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Rising returns on capital while growing is the rarest combination in investing — it means the new projects earn more than the old ones.roce_pct

Institutions sold for years — and have been buying back since

Promoters hold 30.1%, essentially unchanged. Foreign funds own 28.4%, domestic funds 15.3%.promoters_pctfiis_pctdiis_pct

Foreign funds tell the real story: they sold from 26.2% down to 24.5% (Jun 24), and have been buying back since — now 28.4%. A completed round trip like that usually means the doubts got answered.fiis_pct

The numbers earn a deeper study — and watch the one thing that matters

The numbers lean positive, and the price already assumes the good news continues.

Best thing in the data: profit rising (₹363 Cr → ₹1,044 Cr).net_profit

Biggest worry: free cash flow falling (₹2,499 Cr → ₹1,667 Cr).operating_cash_flow

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data