Great Eastern Shipping Share Price Target 2023, 2024, 2025 to 2030

If you’ve been following Great Eastern Shipping Company Ltd (GE Shipping), you’re probably aware that they’ve been making waves – quite literally – in the maritime industry. In FY22, they welcomed aboard a Supramax Bulk Carrier ‘Jag Rajiv,’ and a Midsize Gas Carrier ‘Jag Vikram‘, expanding their fleet and setting the stage for exciting developments.

But that’s not all that’s making headlines in the world of GE Shipping. Beyond its impressive fleet expansion, the company has set its sights on something equally significant: its shareholders. With an eye on market conditions and a commitment to delivering value to their investors, GE Shipping is considering not only continuing their dividend payments but also exploring the possibility of buybacks.

So, what does all this mean for the future of GE Shipping’s share prices in 2024? Let’s dive into the predictions and insights that can help you navigate the investment waters in the coming year.

About Great Eastern Shipping

Great Eastern Shipping Company Ltd isn’t just any player in India’s shipping and oil drilling scene – it’s a big deal. And its story is steeped in history, thanks to some visionary pioneers. We’re talking about the Mulji (Sheth) brothers and the Bhiwandiwalla family. These folks defied the odds and laid the rock-solid foundation of this company.

Firstly, there’s the Shipping Business. These folks are experts at moving stuff – think crude oil, petroleum products, gas, and dry bulk commodities. They’ve got the seas covered.

And then, there’s the Offshore Business. This part operates through their subsidiary, Greatship India Ltd. They’re the pros in offshore oilfield services, with their own supply vessels and those big, impressive mobile offshore drilling rigs.

What’s truly intriguing about Great Eastern Shipping Company Ltd is their global presence. In FY22, India contributed 44% of their revenue (down from 50% in FY21), with the remaining 56% stemming from international operations. This underscores their expansive reach. As of February 1, 2022, they managed a fleet of 43 vessels, totaling 3.44 million deadweight tonnes. This fleet boasted an average vessel age of 13.18 years. This diverse fleet comprises 32% in Products, 27% in petrol tankers, 5% in gas tankers, and 35% in dry bulk, solidifying their role as a versatile global player in the maritime industry.

And if you thought they were done shopping, think again. Their subsidiary, Greatship (India) Limited, is gearing up to acquire a 2007 built 80T Anchor Handling Tug cum Supply Vessel (AHTSV) sometime in Q4FY2023.

So, there you have it – Great Eastern Shipping Company Ltd, the shipping and oil drilling powerhouse with a history of visionary leaders, a global reach, and a penchant for acquiring and selling some pretty impressive vessels. Plus, they’re not shy about rewarding their shareholders either.

Q1 FY 2024 Key Points And Summary:

• Robust Quarterly Profit: The company achieved a commendable net profit of INR 576 Cr on a consolidated basis for the quarter, highlighting its financial stability and profitability.
• Noteworthy NAV Growth: In a remarkable move, the company saw a substantial surge in the consolidated Net Asset Value (NAV) per share to INR 1202 in Q1FY24.
• 75th Anniversary Dividend: To celebrate its 75th anniversary, the company declared a special dividend of INR 7.50 per share. This special dividend supplements the regular interim dividend of INR 12.90 per share for Q1FY2024.

Shareholding Pattern Analysis

• Promoters have maintained a stable ownership at around 30%.
• FIIs initially declined but showed renewed interest, reaching 26.18% in June 2023.
• DIIs increased their stake from 19.45% to 25.13% but decreased to 16.66% by June 2023.
• The government’s stake remained minimal, dropping to 0.00% in June 2023.
• Public shareholding has been steady at around 27%.
• The number of shareholders increased from 71,393 in March 2017 to 85,121 in June 2023. This suggests a growing interest and participation of investors in the company’s shares.

In summary, the shareholding pattern reveals a stable promoter holding, fluctuating FII and DII interests, minimal government involvement, consistent public participation, and a growing number of shareholders over the years. These factors indicate a dynamic but reasonably steady shareholding landscape for the company.

Great Eastern Shipping Share Price Target 2023 To 2030

Great Eastern Shipping Share Price Target 2023

As of 16th October 2023, Great Eastern Shipping Company is trading at ₹915.

We project the maximum share price to peak in December 2023, reaching an anticipated value of ₹979.00.

Conversely, we expect the minimum share price for the year to occur in February 2023, with an estimated value of ₹550.

Investors can anticipate a range of share prices throughout the year, with October and December presenting the highest expected values, while November represents the lowest expected share price for the period.

Great Eastern Shipping Share Price Target 2024

In the coming year, the expected share prices for the Great Eastern Shipping Company are projected to vary.

• Great Eastern Shipping Company’s maximum anticipated share price for the year is expected to occur in December 2024, reaching ₹1,058.40.
• Conversely, the minimum expected share price for the year is forecasted to be in January 2024, with a value of ₹804.80.

These projections indicate that investors can anticipate a range of share prices throughout the year. Indeed, December will probably present the highest expected value, while January will represent the lowest expected share price for the period.

Great Eastern Shipping Share Price Target 2025

In 2025, Great Eastern Shipping Company’s share price is expected to stay bullish.

Starting the year in January with a probable minimum of ₹830.44 and a maximum of ₹1,079.57.  We can expect to see significant price fluctuations within the first few months. However, as the months progress, the share prices might tend to show a consistent upward trajectory.

March and April 2025 are expected to continue this trend, with prices increasing to ₹884.95 and ₹867.60, respectively. The share prices then might experience a brief dip in May 2025, reaching ₹842.33, before resuming their upward climb.

By December 2025, the expected share price will reach ₹1,290.34. This overall upward trend suggests positive market sentiment and potential growth prospects for the company’s shares, albeit with some periodic volatility along the way.

Investors may find this year characterized by both opportunities and challenges, making it important to closely monitor market dynamics and company performance.

Great Eastern Shipping Share Price Target 2026 To 2030

Over the next five years, from 2026 to 2030, we expect the company’s share prices to go up and down.

In 2026, we think the share prices will vary quite a bit. They might go as high as ₹1,354.86 and as low as ₹948.40.

As we look ahead to 2027, we predict that share prices will generally go up. The highest price might be around ₹1,490.34, and the lowest could be ₹1,043.24, suggesting that the company’s shares are likely to become more valuable.

Moving to 2028, we see a big jump in the highest share price, possibly reaching ₹2,086.48. The lowest price is expected to stay at ₹1,043.24. This could mean a period of significant growth or increased optimism in the market.

In 2029, we expect the highest share price to stay quite high at ₹1,806.48, with the lowest around ₹903.24.

In 2030, we predict the highest share price to hit ₹2,348.42, while the lowest might be ₹1,643.89. This suggests a potentially remarkable period of growth for the company’s shares.

Overall, our predictions show a mix of price ups and downs over these years. However, It’s essential for investors to keep an eye on the market and the company’s performance as they make decisions about their investments.

GE Shipping Financial Condition (Last 5 Years)

FAQs

What Is the Current Share Price Value of GE Shipping?

As of 16 October, the current share price for GE Shipping stands at ₹915.

What Is the Current Stock P/E Ratio of GE Shipping?

The current Stock P/E ratio of GE Shipping is 5.05.

What Is the Current Market Cap of GE Shipping?

The current market capitalization (Market Cap) of GE Shipping is ₹13,052 Crores (INR).

What Is The Target Share Price For GE Shipping By 2024?

The target share prices for the year 2024 are expected to range from ₹804.80 to ₹1,058.40.

What Is The Target Share Price For GE Shipping By 2025?

The target share prices for the year 2025 are expected to range from ₹1,290.34 as the maximum to ₹830.44 as the minimum.

What Is The Target Share Price For GE Shipping By 2030?

The target share prices for the year 2030 are expected to range between ₹903.24 (minimum) and ₹2,348.42 (maximum)

Should One Invest In GE Shipping?

When we take a closer look at GE Shipping, it’s clear that there are several compelling reasons why it could be a promising investment opportunity:

• Debt Reduction: The company’s commitment to reducing its debt is a reassuring sign of financial stability. This proactive approach can make the company more resilient in uncertain times.
• Attractive Valuation: In addition, the stock is trading at just 1.16 times its book value. This means that investors might have the chance to buy shares at a price that’s quite reasonable when compared to what the company is actually worth.
• Healthy Dividend Yield: Furthermore, GE Shipping is offering a dividend yield of 3.44%, which is pretty attractive. This can be especially appealing for investors who are looking for a steady income from their investments.
• Strong Profit Growth: Over the last five years, the company has consistently delivered remarkable profit growth, with a whopping 134% CAGR. This indicates that it has the ability to generate solid returns for its shareholders.
• Consistent Dividend Payout: The company has been reliably paying out 17.6% of its profits as dividends. This demonstrates its commitment to rewarding shareholders and sharing the profits.
• Future Potential: It’s worth noting that the company is open to paying even more dividends and considering buybacks in the future, depending on market conditions and what’s best for shareholders. This shows that they have a shareholder-friendly approach to managing their finances.

Of course, it’s important to keep in mind that there’s the challenge of a seemingly low tax rate. Nevertheless, when you look at the big picture, with reduced debt, an appealing valuation, strong financial performance, and a dedication to shareholder returns, GE Shipping does seem like an investment worth thinking about. Indeed, if you’re someone who’s seeking a combination of growth and income, GE Shipping might align nicely with your financial goals. Just remember, like with any investment decision, do your homework, and consider your personal financial objectives and risk tolerance. Happy investing!

Author: Kanak Kanak, set to graduate in computer science from Hansraj College in 2026, contributes her multifaceted expertise to Financesrule.com. Kanak's keen understanding of the stock market, mutual funds, and equity market provides readers of Financesrule.com with tech-infused financial insights. Beyond Finance, she is also skilled in Python and fundraising. Currently, she serves as a researcher and writer for "The Young Environmentalist" magazine.