Great Eastern Shipping vs Shipping Corporation of India: Share Price, Comparison and Key Differences

Great Eastern Shipping MCap Rs 19,148 Cr, PE 5.11x, ROE 17.35%, Div 2.62%. Shipping Corporation of India MCap Rs 14,174 Cr, PE 8.76x, ROE 14.87%, Div 1.48%.

Updated: 11 Aug 2026 • 1:34 pm

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Great Eastern Shipping vs Shipping Corporation of India: Share Price, Comparison and Key Differences

Great Eastern Shipping vs Shipping Corporation of India is a comparison shipping investors look up when evaluating India's two largest listed shipping companies. Great Eastern Shipping Company (Gesco), India's largest private sector shipping company, operates a fleet of crude oil tankers, product tankers and dry bulk carriers under its subsidiary Greatship. Shipping Corporation of India (SCI), India's largest state-owned shipping company, operates a diverse fleet of crude carriers, product tankers, bulk carriers and container vessels. Great Eastern Shipping vs SCI are both cheap on PE from the current tanker and bulk shipping freight cycle.

This Great Eastern Shipping vs Shipping Corporation of India article covers reach and market position, key products, latest declared results and stock valuation. The Great Eastern Shipping vs Shipping Corporation of India data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

Table of Contents

Great Eastern Shipping vs Shipping Corporation of India: Reach and Market Position

On the Great Eastern Shipping side of the Great Eastern Shipping vs Shipping Corporation of India comparison, Great Eastern Shipping operates 40+ vessels including crude tankers, product tankers and bulk carriers. Market capitalisation is Rs 19,148 Cr.

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On the Shipping Corporation of India side of the Great Eastern Shipping vs Shipping Corporation of India comparison, Shipping Corporation of India operates 60+ vessels including crude carriers, product tankers, bulk carriers, container ships and LPG carriers. Market capitalisation is Rs 14,174 Cr.

Great Eastern Shipping vs Shipping Corporation of India: Key Products and Business Mix

In the Great Eastern Shipping vs Shipping Corporation of India product comparison, Great Eastern Shipping offers: Gesco earns from voyage charter and time charter revenue from tankers and bulk carriers. EPS is Rs 262.45. PE is 5.11x, ROE 17.35 percent, D/E 0.06. Dividend yield is 2.62 percent.

For Shipping Corporation of India in this Great Eastern Shipping vs Shipping Corporation of India breakdown: SCI earns from shipping freight across its diverse vessel fleet. EPS is Rs 34.74. PE is 8.76x, ROE 14.87 percent, D/E 0.29. Dividend yield is 1.48 percent.

Great Eastern Shipping vs Shipping Corporation of India: Latest Results

The Great Eastern Shipping vs Shipping Corporation of India results for Great Eastern Shipping: Great Eastern Shipping has a market cap of Rs 19,148 Cr and PE of 5.11x. ROE is 17.35 percent. Gesco is privately managed and 1.35 times larger than SCI.

The Great Eastern Shipping vs Shipping Corporation of India results for Shipping Corporation of India: SCI has a market cap of Rs 14,174 Cr and PE of 8.76x. ROE is 14.87 percent. SCI is a government PSU with a more diverse vessel fleet and government client relationships.

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Great Eastern Shipping vs Shipping Corporation of India: Stock and Valuation

The Great Eastern Shipping vs Shipping Corporation of India stock comparison uses the latest available market data from Groww. Investors tracking Great Eastern Shipping vs Shipping Corporation of India should verify current prices on NSE or BSE before trading.

Great Eastern Shipping vs SCI at current valuations: Gesco trades at Rs 19,148 Cr market cap, PE 5.11x, ROE 17.35 percent, Div 2.62 percent. SCI trades at Rs 14,174 Cr market cap, PE 8.76x, ROE 14.87 percent, Div 1.48 percent. Both are very cheap on PE from the shipping cycle. Gesco is cheaper on PE with higher ROE and dividend yield.

Great Eastern Shipping vs Shipping Corporation of India: Quick Comparison Table

The Great Eastern Shipping vs Shipping Corporation of India comparison table below summarises the key metrics covered in this article side by side.

Parameter	Great Eastern Shipping	Shipping Corporation of India
Sector	Private shipping: crude tankers + product tankers + bulk carriers	PSU shipping: crude + product + bulk + container + LPG fleet
Market Cap	Rs 19,148 Cr	Rs 14,174 Cr
P/E Ratio	5.11x	8.76x
ROE	17.35%	14.87%
Debt to Equity	0.06	0.29
Dividend Yield	2.62%	1.48%
Ownership	Promoter-owned (Bharat Sheth family)	Government of India PSU

Conclusion

The Great Eastern Shipping vs Shipping Corporation of India comparison above covers the key data points on reach, products, results and valuation. Great Eastern Shipping vs Shipping Corporation of India covers India's two largest shipping companies. Gesco is a private shipping company with strong capital discipline and higher ROE. SCI is a government shipping company with fleet diversity. Gesco vs SCI investors should review freight rate cycles (Baltic Dirty Tanker Index, Baltic Dry Index), fleet age, vessel values and scrapping rates. Shipping is inherently cyclical. Consult a SEBI-registered advisor for personalised guidance.

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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. 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).

Frequently Asked Questions

What does Great Eastern Shipping do?

Ans. Great Eastern Shipping (Gesco) operates a fleet of crude oil tankers, product tankers and dry bulk carriers, transporting crude oil, petroleum products and dry bulk commodities (coal, grains, ores) for global oil companies and commodity traders.

What does SCI do?

Ans. Shipping Corporation of India is a government-owned shipping company with a diverse fleet including crude carriers, product tankers, bulk carriers, container ships and LPG vessels – serving domestic and international shipping routes.

What are freight rates?

Ans. Freight rates are the daily hire or voyage fees charged by shipping companies to transport cargo. Tanker freight rates (BDTI) and bulk freight rates (BDI) fluctuate with global trade volumes, vessel supply and fuel costs.

Why are shipping PEs so cheap?

Ans. Shipping company PEs (5x and 9x) are low because shipping earnings are cyclical and can fall sharply in freight downturns. The market discounts shipping stocks at low PEs due to earnings volatility risk.