Great Eastern Shipping Company Ltd
Fortune 500 2024
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OVERVIEW
FINANCIALS
NEWS
About
The Great Eastern Shipping Company (GES) was the brainchild of the Sheths and the Bhiwandiwallas as a shipping line to expand their existing business. It started as a provider of sea logistics but has since diversified into offshore oil field services. Today, its two major business verticals include shipping and offshore. The former deals with the transportation of petroleum products, gas, and crude oil, while the latter serves oil companies to carry out their offshore exploration and production activities with the help of GES subsidiary, Greatship (India) Limited. Among its fleet of 38 ships, 4 are LPG carriers, 5 are crude oil carriers, 12 are dry bulk carriers, and 17 are product carriers.
Incorporation Year: 1948
Headquarters: Mumbai
Top Management: K. M. Sheth
Industry: Shipping
Website: www.greatship.com
Featured In Fortune India Ranking
Fortune 500 India
#369(2024)
#337(2023)
#412(2022)
#340(2021)
#302(2020)
#323(2019)
#341(2018)
#310(2017)
#278(2016)
#284(2015)
#482(2014)
#280(2013)
#267(2012)
#278(2011)
#208(2010)
#369(2024)#337(2023)#412(2022)#340(2021)#302(2020)#323(2019)#341(2018)#310(2017)#278(2016)#284(2015)#482(2014)#280(2013)#267(2012)#278(2011)#208(2010)
Ranking Trend Fortune 500 India
Financial Data 2024
Revenue
5,919
(INR Cr)
Net Operating Income
5,255
(INR Cr)
Assets
15,766
(INR Cr)
Profit
2,614
(INR Cr)
Net Worth
12,397
(INR Cr)
Fortune India Coverage
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 5919 -4.1% | 6171 68.2% | 3669 2.8% | 3568 -8.5% | 3898 1.8% | 3830 22.0% | 3141 -13.3% | 3623 -7.7% | 3926 5.7% | 3714 11.4% | 3333 -2.0% | 3400 5.1% | 3234 17.1% | 2763 -16.8% | 3320 -23.7% | 4353 - |
| Net Operating Income (INR Cr) | 5255 -7.65% | 5690 62.17% | 3509 5.17% | 3337 -9.50% | 3687 3.94% | 3547 16.74% | 3038 -2.52% | 3117 -18.14% | 3808 10.75% | 3438 11.20% | 3092 2.83% | 3007 1.73% | 2955 20.54% | 2452 -15.18% | 2891 -23.95% | 3801 21.40% |
| Profit (INR Cr) | 2614 1.5% | 2575 308.9% | 630 -31.5% | 919 343.4% | 207 - | -21 - | -210 - | 755 -31.2% | 1097 46.6% | 748 30.4% | 574 6.7% | 538 69.9% | 317 -32.5% | 469 -8.6% | 513 -63.8% | 1418 - |
| Assets (INR Cr) | 15766 10.8% | 14230 9.3% | 13022 -1.5% | 13217 2.4% | 12911 -2.4% | 13234 -3.5% | 13715 -2.8% | 14106 13.9% | 12387 -11.5% | 14004 8.4% | 12921 -1.4% | 13104 5.1% | 12466 2.0% | 12225 10.3% | 11080 16.7% | 9496 - |
| Net Worth (INR Cr) | 12397 20.7% | 10275 27.6% | 8051 4.5% | 7704 13.4% | 6796 -0.2% | 6810 -1.7% | 6928 -4.1% | 7223 10.1% | 6563 -11.7% | 7431 9.7% | 6773 6.8% | 6342 5.8% | 5996 -0.6% | 6031 5.6% | 5710 9.2% | 5230 20.8% |
| Employee Cost (INR Cr) | 886 15.8% | 765 8.0% | 708 1.4% | 699 0.9% | 693 -2.7% | 712 5.5% | 674 12.6% | 599 1.1% | 592 6.2% | 558 10.1% | 507 12.8% | 449 -3.3% | 465 37.2% | 339 0.6% | 337 11.0% | 303 - |
| Interest Cost (INR Cr) | 265 | 343 | 370 | 242 | 450 | 521 | 455 | 378 | 288 | 301 | 375 | 345 | 437 | 240 | 212 | 185 |
| Cash & Bank Balance (INR Cr) | 4891 | 3799 | 2837 | 2749 | 2492 | 2922 | 2955 | 3467 | 2945 | 2380 | 2323 | 1987 | 2144 | 3108 | 1744 | 2218 |
| Total Debt (INR Cr) | 3048 | 3649 | 4655 | 5047 | 5295 | 5999 | 6213 | 6816 | 5759 | 6540 | 6119 | 6739 | 6407 | 5956 | 5370 | 4266 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 44.2% | 41.7% | 17.2% | 25.7% | 5.3% | - | - | 20.8% | 27.9% | 20.2% | 17.2% | 15.8% | 9.8% | 17.0% | 15.4% | 32.6% |
| Profit As % Of Assets | 16.6% | 18.1% | 4.8% | 7.0% | 1.6% | - | - | 5.4% | 8.9% | 5.3% | 4.4% | 4.1% | 2.5% | 3.8% | 4.6% | 14.9% |
| Profit As % Of Networth | 21.1% | 25.1% | 7.8% | 11.9% | 3.1% | - | - | 10.5% | 16.7% | 10.1% | 8.5% | 8.5% | 5.3% | 7.8% | 9.0% | 27.1% |
| Interest Cost to EBITDA % | 8.8% | 11.0% | 24.2% | 14.6% | 37.0% | 49.5% | 37.9% | 26.4% | 14.5% | 21.0% | 26.2% | 30.6% | 40.3% | 27.3% | 27.8% | 12.5% |
| Debt to Equity Ratio | 0.25 | 0.36 | 0.58 | 0.66 | 0.78 | 0.88 | 0.90 | 0.94 | 0.88 | 0.88 | 0.90 | 1.06 | 1.07 | 0.99 | 0.94 | 0.82 |
| RONW | 23.1% | 28.1% | 8.0% | 12.7% | 1.3% | - | - | 9.0% | 15.7% | 10.5% | 8.8% | 6.3% | 3.4% | 5.5% | 5.7% | 25.4% |
| ROCE | 19.7% | 21.3% | 7.5% | 9.1% | 4.2% | 3.8% | 3.4% | 8.3% | 11.3% | 8.2% | 7.8% | 6.0% | 5.5% | 5.2% | 5.4% | 17.4% |