The Great Eastern Shipping Company Limited (GESHIP.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+191.1%

₹4,462.77

vs ₹1,533.30 price

Levered DCF

₹2,990.56

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	6.86×	5.62×	5.45×	3.57×	8.03×	5×	14.76×	-200.7×
P/B	1.19×	0.92×	1.15×	0.9×	0.63×	0.6×	0.45×	0.63×
P/S	3.73×	2.49×	2.75×	1.63×	1.46×	1.39×	0.83×	1.21×
EV / EBITDA	3.89×	3.22×	3.82×	2.87×	5.1×	4.03×	5.04×	7.16×
Gross margin	51.3%	42.2%	46.4%	47.4%	27.9%	30.0%	50.1%	33.4%
Operating margin	36.6%	35.1%	40.7%	42.1%	20.9%	24.1%	21.7%	13.6%
Net margin	54.4%	44.3%	50.5%	45.5%	18.1%	27.8%	5.6%	-0.6%
Current ratio	7.08×	6.46×	5.44×	4.52×	3.4×	3.55×	3.49×	2.07×
Debt / equity	0.06×	0.15×	0.25×	0.36×	0.58×	0.66×	0.78×	0.88×
Interest coverage	14.51×	8.26×	8.36×	8.36×	2.51×	2.48×	1.78×	0.92×
Dividend yield	2.0%	3.8%	3.5%	3.9%	3.9%	0.9%	6.1%	2.9%
Payout ratio	14.0%	21.4%	18.8%	14.0%	31.5%	4.3%	90.1%	-587.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	17.3%	16.4%	21.1%	25.1%	7.8%	11.9%	3.0%	-0.3%
Return on invested capital	10.4%	10.4%	12.8%	16.6%	5.5%	5.8%	5.4%	-1.8%
Return on assets	15.1%	13.3%	15.6%	16.9%	4.5%	6.5%	1.5%	-0.1%
Free cash flow yield	2.9%	11.2%	13.2%	27.3%	14.8%	14.5%	39.1%	6.9%
Earnings yield	14.6%	17.8%	18.4%	28.0%	12.4%	20.0%	6.8%	-0.5%
Enterprise value	₹157.7B	₹112.3B	₹140B	₹101.7B	₹81.6B	₹78.8B	₹67.4B	₹89.2B
Net debt / EBITDA	-1.09×	-0.56×	-0.07×	0.27×	1.94×	1.68×	2.75×	3.71×
Cash conversion cycle (days)	41	33	25	23	21	21	19	33