Great Eastern Shipping Company Ltd dividend

The Dividend per Share of Great Eastern Shipping Company Ltd is ₹ 43.8 as of 2024 .a1#The Dividend Payout of Great Eastern Shipping Company Ltd changed from -418 % on March 2019 to 27 % on March 2024 . This represents a CAGR of NaN% over 6 years. a1#The Latest Trading Price of Great Eastern Shipping Company Ltd is ₹ 1337 as of 26 Jul 09:26 .a1#The Market Cap of Great Eastern Shipping Company Ltd changed from ₹ 4266 crore on March 2019 to ₹ 14278 crore on March 2024 . This represents a CAGR of 22.30% over 6 years. a1#The Revenue of Great Eastern Shipping Company Ltd changed from ₹ 1397 crore to ₹ 1726 crore over 8 quarters. This represents a CAGR of 11.15% a1#The EBITDA of Great Eastern Shipping Company Ltd changed from ₹ 722.84 crore to ₹ 1166 crore over 8 quarters. This represents a CAGR of 27.01% a1#The Net Pr of Great Eastern Shipping Company Ltd changed from ₹ 457.04 crore to ₹ 905.08 crore over 8 quarters. This represents a CAGR of 40.72% a1#

Promoted by Mulji (Sheth) brothers and Bhiwandiwalla family; Great Eastern Shipping Company Limited (GE Shipping) is a major player in the Indian Shipping industry. In the year 1987, GE Shipping made a joint venture company for owning oil drilling rig and an oil-drilling barge. GE Shipping entered into a joint venture agreement amongst Quatar General Petroleum Corporation (QGPC) and U B Air Pvt Ltd and united Helicharters Pvt Ltd in the year 2002. GE Shipping took delivery of MR Tanker Jag Prabha' in August 2013 and MR Tanker Jag Pranav' in September 2013. During the year under review, GIL redeemed 1.45 crore Preference Shares with the dividend rate of 7.5% p.a. GIL incorporated Greatship Oilfield Services Ltd. (GOSL), India as a wholly owned subsidiary in Mumbai on July 9, 2015. Subsequent to acquisition of all shares of GGES from Greatship Global Holdings Ltd., Mauritius (GGHL) by GIL, GGES has become the direct 100% wholly owned subsidiary of GIL w.e.f March 28, 2017. During the year, GGHL sold all the shares held by it in GGES, representing 89.3% of share capital of GGES, to GIL and recognized a gain on disposal of its holding in GGES. During the financial year ended 31 March 2018, GE Shipping took delivery of 2 product tankers, 1 medium gas carrier and 1 dry bulk carrier aggregating 0.24 Mn dwt. GIL and GGHL have commenced the process for the merger and made the necessary applications to the relevant authorities for their approval. As on March 31, 2021, Company's fleet stood at 45 vessels, comprising 32 tankers and 13 dry bulk carriers with an average age of 11.86 years aggregating 3.64 mn dwt. As of 31 March 2022, the company's fleet stood at 45 vessels, comprising 31 tankers and 14 dry bulk carriers with an average age of 12.55 years aggregating 3.57 mn dwt. During FY 2022, Company took delivery of a Midsize Gas Carrier Jag Vikram' and a Supramax Bulk Carrier Jag Rajiv'.