Great Eastern Shipping Company shares jumps 7% after announcing Q3 results and dividend

Synopsis: The shares of Great Eastern Shipping rose 7% after the company announced a third interim dividend of ₹9 per share, and results in which its Q3 revenue grew 18% YoY to ₹1,454 crore, while net profit jumped 37% YoY to ₹813 crore.

The shares of the Small-Cap company specializing in the transportation of crude oil, petroleum products, gas, and dry bulk commodities, are in focus following their Dividend declaration and results.

With a market capitalization of Rs. 17,782.21 Crores on Friday, the shares of Great Eastern Shipping Company Ltd jumped up to 6.6 percent, reaching a high of Rs. 1265.00 compared to its previous close of Rs. 1186.20.

What Happened

Great Eastern Shipping Company Ltd, engaged in the transportation of crude oil, petroleum products, gas, and dry bulk commodities, is in the spotlight today as it has announced its Q3 results as follows:

Its Revenue from operations rose by 18 percent YoY from Rs. 1,237 Crores in Q3FY25 to Rs. 1,454 Crores in Q3FY26, and it rose by 17 percent QoQ from Rs. 1,242 Crores in Q2FY26 to Rs. 1,454 Crores in Q3FY26.

Its Net Profit YoY rose by 37 percent from Rs. 594 Crores in Q3FY25 to Rs. 813 Crores in Q3FY26, and on a QoQ basis, it rose by 40 percent from Rs. 581 Crores in Q2FY26 to Rs. 813 Crores in Q3FY26. 

The earnings per share (EPS) for the quarterly period stood at Rs. 56.91, compared to Rs. 41.58  in the previous year’s quarter. Along with it, the Company has declared a 3rd interim dividend of Rs. 9 per equity share for FY 2025-26. Shareholders eligible for the dividend will be determined as of the Record Date, February 4, 2026, and the dividend will be paid on or after February 24, 2026.

Revenue Segmentation & Others

The Shipping segment revenue increased from Rs. 1,197.23 crore in December 2024 to Rs. 1,317.72 crore in December 2025, reflecting a 10.0 percent growth. The Offshore segment saw a rise from Rs. 312.06 crore to Rs. 432.58 crore over the same period, marking a 38.6 percent increase.

Great Eastern Shipping Company Limited, established in 1948, is India’s largest private sector shipping service provider, specializing in the transportation of crude oil, petroleum products, gas, and dry bulk commodities. The company maintains a fleet of 40 vessels with a strong focus on safety, environmental protection, and operational efficiency. Along with it, the company also maintains 14 dry bulk carriers and 26 tankers, demonstrating a strong presence across both shipping and offshore service segments.

The company demonstrates strong financial performance with a ROCE of 13.9% and ROE of 14.1%, supported by a low debt-to-equity ratio of 0.08. Its stock is attractively valued with a P/E of 7.62, well below the industry average of 13.0, and trades at just 1.14 times its book value, indicating potential undervaluation, and the PEG ratio of 0.16 further highlights the stock’s growth-adjusted affordability.

Over the past five years, the company has achieved impressive profit growth, delivering a CAGR of 85.1%. It has also maintained a healthy dividend payout of 18%, reflecting both strong earnings generation and a shareholder-friendly approach. 

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