Great Eastern Shipping Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹20,517 Cr
- Book Value
- ₹1,186
- Stock P/E
- 5.5
- Dividend Yield
- 2.45%
- ROE
- 15.9%
- ROCE
- —
- PEG Ratio
- 0.22
- EV/EBITDA
- 3.3
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Technical snapshot
EOD ·Great Eastern Shipping Company Ltd closed at ₹1,315.50 on 19 August 2026, up 1.0% on the day, 5.8% below its 50-day average, 26.8% below its 52-week high, with volume at 1.32× its 20-session average.
- RSI 14
- 43.0
- vs 50-day SMA
- -5.8%
- vs 200-day SMA
- -0.6%
- From 52-week high
- -26.8%
- Relative volume
- 1.32×
- 20-day return
- -8.3%
End-of-day prices from exchange-published files (NSE/BSE bhavcopy), updated after market close. Descriptive statistics, not investment advice.
Great Eastern Shipping share price today
Great Eastern Shipping (NSE: GESHIP) is not a bet on freight rates — it is a bet on the people who bet on freight rates. India’s premier private shipowner (tankers, gas carriers, dry bulk, plus offshore rigs through Greatship) has spent decades doing what shipping companies notoriously don’t: buying vessels in busts, selling into booms, and hoarding cash at tops. The current posture says everything: net cash against the fleet, 5.5× earnings, 1.2× book, a 2.45% yield — a countercyclical allocator priced as if it were an ordinary shipper.
Freight earnings can halve; that risk belongs at the centre of the case. The thesis is that management’s capital allocation converts that volatility into long-term book-value compounding — which it has, across every cycle since the 1990s.
The allocator’s fleet
Shipping is brutally cyclical; GE Shipping’s edge is refusing to pretend otherwise. Fleet purchases cluster in downturns when vessels sell below replacement cost; disposals cluster in booms; and the balance sheet swings to net cash at tops (as now) so the next bust is an opportunity, not a crisis. NAV per share — fleet market value plus cash — is the true scorecard, and the stock’s discount to it is the recurring opportunity.
Watch-items: tanker/bulk rate cycles (earnings will swing — that’s the model), fleet age and renewal timing, the offshore (Greatship) rig-rate cycle, and buyback/dividend cadence against the NAV discount.
The numbers
Financial snapshot — 5 August 2026
| Metric | Value |
|---|---|
| Market cap | ₹20,517 Cr |
| P/E (TTM) | 5.5 |
| EV/EBITDA | 3.3 |
| Operating margin | 61.9% |
| ROE | 15.9% |
| Debt to equity | 0.06 (net cash) |
| Price / Book | 1.21 |
| Sales CAGR (5y) | 10.2% |
| Profit CAGR (5y) | 24.4% |
| Promoter holding | 30.1% |
| EPS (TTM) | ₹261.8 |
GE Shipping share price target 2026 to 2030
EPS base ₹261.8 (TTM — cycle-elevated; scenarios embed normalisation). Bear: rates halve and stay low — earnings compress 10% annually, multiple at 5×. Base: rates normalise gently — 4% growth at 6.5×. Bull: an extended tanker upcycle — 10% growth at 8×.
From ₹1,435, the base case is ≈ +44% over four and a half years plus a 2.45% yield; the bear is a real −46% if rates collapse and stay collapsed. The mitigant is the balance sheet: net cash means a bust becomes buying season, historically the source of the next cycle’s returns. Position sizing does the rest.
Reasons to own GE Shipping (at the right price)
- A countercyclical allocator — the rarest management style in global shipping.
- Net cash at a cycle top: dry powder where peers carry leverage.
- 5.5× earnings and 1.2× book pre-pay much of the cyclical risk.
- A 2.45% yield while the cycle decides.
- Diversified fleet (tankers, gas, bulk, offshore) smooths single-market swings.
The risks: freight rates answer to global GDP, war premiums and OPEC in equal measure; earnings halving is a scenario, not a hypothetical; and NAV discounts can persist for years.
What to weigh at the current price
At 5.5× earnings and near net cash, the apparent cheapness must be read through a shipping cycle. The core question is whether management keeps buying assets in downturns, selling in booms and compounding NAV per share.
FAQ
What is the GE Shipping share price target for 2030? The table above presents bear, base and bull paths through 2030. Each depends on the stated EPS-growth and valuation assumptions; none is a guaranteed outcome.
Why is the P/E so low? Markets refuse to capitalise peak freight earnings — correctly. The question is never the P/E; it is price versus NAV and what management does with the cash. Both currently favour the buyer.
What is the NAV argument? Fleet resale value plus net cash exceeds the market cap by a comfortable margin at 1.2× book — you are paying for the ships and getting the allocation skill free.
When are GE Shipping’s next results? Check the results calendar and confirm the announced date in the exchange filing.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.