The Great Eastern Shipping Co. Ltd.
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The Great Eastern Shipping Co. Ltd. - overview
Established
1948
Location
Mumbai, Maharashtra, India
Primary Industry
Oil & Gas
About
Based in Mumbai, India, and founded in 1948, The Great Eastern Shipping Co. Ltd. , a. k.
a. G E Shipping, is a marine shipping company that operates its business through two business divisions: shipping and offshore. The shipping division focuses on the transportation of crude oil, petroleum products, gas, and dry bulk commodities; and the offshore division focuses on offshore exploration and production activities. In May 2024, Nalanda Capital sold a 1.
4% minority stake, or 2 million shares at INR 950. 25 apiece for INR 1. 9 billion in The Great Eastern Shipping Co. Ltd.
The company is publicly listed on the National Stock Exchange under the ticker symbol GESHIP. The company provides transportation of crude oil, petroleum, and gas products, as well as dry bulk commodities. As of May 2024, the company operates a fleet of 44 ships, comprising 6 crude oil carriers, 19 product carriers, 4 LPG carriers, and 14 dry bulk carriers, with an aggregating 3. 46 million DWT to cater to a diverse clientele comprising industry leaders, international oil companies, and governments.
G. E. Shipping also provides offshore oilfield services, which include the ownership and/or operation of offshore supply vessels and mobile offshore drilling rigs. The business also provides offshore oilfield services, such as mobile offshore drilling rigs and offshore supply vessel ownership and/or operation.
Current Investors
Nalanda Capital Partners
Primary Industry
Oil & Gas
Sub Industries
Transportation Services, Oil & Gas Exploration and Production, Oil & Gas Transportation, Freight Transportation Services, Logistics & Distribution
Website
www.greatship.com
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
The Great Eastern Shipping Co. Ltd. - timeline of key events
The Great Eastern Shipping Co. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 30,066,900,000 | 30,918,600,000 | 34,380,300,000 | 38,044,700,000 | 31,168,600,000 | 30,383,800,000 | 35,471,100,000 | 36,867,300,000 | 33,365,500,000 | - | - | - |
| % Revenue Growth (YoY) | - | 2.8% | 11.2% | 10.7% | (18.1%) | (2.5%) | 16.7% | 3.9% | (9.5%) | - | - | - |
| EBITDA (USD) | 14,465,400,000 | 16,216,500,000 | 16,484,100,000 | 20,621,500,000 | 18,802,200,000 | 12,391,000,000 | 12,397,100,000 | 13,553,900,000 | 18,530,100,000 | - | - | - |
| Operating Income (USD) | 8,541,500,000 | 9,636,200,000 | 10,383,800,000 | 13,875,200,000 | 12,023,100,000 | 4,704,300,000 | 4,670,600,000 | 6,125,800,000 | 11,525,800,000 | - | - | - |
| Operating Margin | 28.4% | 31.2% | 30.2% | 36.5% | 38.6% | 15.5% | 13.2% | 16.6% | 34.5% | - | - | - |
| % EBITDA Margin | 48.1% | 52.4% | 47.9% | 54.2% | 60.3% | 40.8% | 34.9% | 36.8% | 55.5% | - | - | - |
| NET Income (USD) | 5,377,600,000 | 5,739,500,000 | 7,482,400,000 | 10,394,000,000 | 7,549,600,000 | (2,095,700,000) | (214,500,000) | 2,071,400,000 | 9,185,200,000 | - | - | - |
| % Net Margin | 17.9% | 18.6% | 21.8% | 27.3% | 24.2% | (6.9%) | (0.6%) | 5.6% | 27.5% | - | - | - |
The Great Eastern Shipping Co. Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Placement/Follow on | Completed | The Great Eastern Shipping Co. Ltd. | - | ||||||||
| PIPE | Completed | The Great Eastern Shipping Co. Ltd. | - | ||||||||
| PIPE | Completed | The Great Eastern Shipping Co. Ltd. | - | ||||||||
| PIPE | Completed | The Great Eastern Shipping Co. Ltd. | - | ||||||||
| PIPE | Completed | The Great Eastern Shipping Co. Ltd. | - |
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The Great Eastern Shipping Co. Ltd. - employee data
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