Is The Great Eastern Shipping Company the Best Stock in Its Sector? A Look at the Numbers
- October 9, 2026
- Posted by: Harsh Piplani
- Category: Market
The Great Eastern Shipping Company CMP Rs 1,543 (09 Oct 2026). Market cap Rs 21,837 Cr. ROE 17.35%. P/E 5.83x versus Industry P/E 8.82x.
Quick Answer
The Great Eastern Shipping Company is one of the names investors compare when screening the Shipping sector, built on a 17.35% return on equity and a P/E of 5.83x against an Industry P/E of 8.82x. Whether The Great Eastern Shipping Company is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Shipping sector peers, so you can judge that for yourself.
Is The Great Eastern Shipping Company the best stock in its sector? The stock trades on the NSE at Rs 1,543 as of 09 October 2026, within its 52-week range of Rs 1,002.55 to Rs 1,798.00. The Great Eastern Shipping Company Ltd, based in Mumbai, operates tankers and dry bulk carriers and also owns offshore rigs and support vessels.
The Great Eastern Shipping Company sits in the Shipping sector, and its 17.35% ROE and 5.83x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers
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About The Great Eastern Shipping Company
The Great Eastern Shipping Company Ltd, based in Mumbai, operates tankers and dry bulk carriers and also owns offshore rigs and support vessels. The stock trades about 14 percent below its 52-week high and about 54 percent above its 52-week low. At a market capitalisation of Rs 21,837 Cr, it is tracked as part of the Shipping sector on Univest.
Is The Great Eastern Shipping Company the Best Stock in Its Sector?
The Great Eastern Shipping Company makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 17.35% ROE with a 5.83x P/E against the sector’s 8.82x Industry P/E. Great Eastern Shipping’s 5.83x P/E is below the 8.82x Industry P/E with a 17.35% ROE and a debt to equity of 0.06, but shipping earnings are cyclical, so a low multiple can reflect caution about peak-cycle profits.
| Metric | The Great Eastern Shipping Company |
|---|---|
| CMP (NSE) | Rs 1,542.80 |
| 52-Week High / Low | Rs 1,798.00 / Rs 1,002.55 |
| Market Cap | Rs 21,837 Cr |
| P/E (TTM) vs Industry P/E | 5.83x vs 8.82x |
| P/B | 1.29 |
| ROE | 17.35% |
| EPS (TTM) | Rs 262.45 |
| Dividend Yield | 2.29% |
| Debt to Equity | 0.06 |
Compare The Great Eastern Shipping Company Against Other Shipping Sector Stocks
How The Great Eastern Shipping Company Compares Against Its Shipping Sector Peers
The table below sets The Great Eastern Shipping Company against 2 other Shipping sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| The Great Eastern Shipping Company | 21,837 | 5.83 | 17.35% | 0.06 |
| Shipping Corporation of India | 13,096 | 8.09 | 14.87% | 0.29 |
| Seamec | 4,008 | 15.47 | 19.32% | 0.27 |
| Peer average (2 companies) | – | 11.78 | 17.09% | 0.28 |
Against this peer set, The Great Eastern Shipping Company’s 17.35% ROE is above the 17.09% peer average, and its P/E of 5.83x runs below the peer average of 11.78x. Great Eastern Shipping’s 5.83x P/E is below the 8.82x Industry P/E with a 17.35% ROE and a debt to equity of 0.06, but shipping earnings are cyclical, so a low multiple can reflect caution about peak-cycle profits.
What Makes The Great Eastern Shipping Company Worth Watching in Shipping
- Low P/E, strong ROE: A 5.83x P/E with a 17.35% ROE and almost no debt is a rare combination.
- Dividend yield: A 2.29% dividend yield adds an income component.
- Cyclical earnings: Freight and charter rates drive profits, so current earnings may not repeat through the cycle.
The Great Eastern Shipping Company Valuation: Is It Justified?
Great Eastern Shipping’s 5.83x P/E is below the 8.82x Industry P/E with a 17.35% ROE and a debt to equity of 0.06, but shipping earnings are cyclical, so a low multiple can reflect caution about peak-cycle profits. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is TCI Express the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track The Great Eastern Shipping Company and other Shipping sector stocks.
How to Track The Great Eastern Shipping Company Before You Invest
Before deciding whether The Great Eastern Shipping Company deserves its label as the best stock in its sector for your own portfolio, compare it directly against Shipping sector peers using the steps below.
- Open the Univest Screener and search for The Great Eastern Shipping Company to view live price, valuation ratios, and peer comparisons within the Shipping sector.
- Compare its P/E, P/B, and ROE against other Shipping sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
The Great Eastern Shipping Company earns a place in the best stock in its sector conversation on the strength of a 17.35% ROE and a P/E of 5.83x against a 8.82x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is The Great Eastern Shipping Company the best stock in its sector?
Ans. The Great Eastern Shipping Company has a 17.35% ROE and trades at 5.83x P/E against a 8.82x Industry P/E, and compares above the peer average ROE of 17.09% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of The Great Eastern Shipping Company?
Ans. The Great Eastern Shipping Company was trading at Rs 1,542.80 on the NSE as of 09 October 2026, within its 52-week range of Rs 1,002.55 to Rs 1,798.00.
What sector does The Great Eastern Shipping Company belong to?
Ans. The Great Eastern Shipping Company is classified under the Shipping sector on Univest.
How does The Great Eastern Shipping Company compare to its sector peers on P/E?
Ans. The Great Eastern Shipping Company’s P/E of 5.83x is below the 11.78x average of the 2 named peers compared in this article.
What is The Great Eastern Shipping Company’s return on equity?
Ans. The Great Eastern Shipping Company reported a return on equity of 17.35%, which is above the 17.09% average of its named peers in this comparison.
Should I invest in The Great Eastern Shipping Company based on its sector position?
Ans. The Great Eastern Shipping Company’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
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