Great Eastern Shipping Company Ltd Share Price – NSE /  BSE

Shipping, Small Cap

Great Eastern Shipping Company announced that the Board of Directors of the Company at its meeting held on 29 January 2026, inter alia, have recommended the Third Interim dividend of Rs 9 per equity Share (i.e. 90%) , subject to the approval of the shareholders.

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Net profit of Great Eastern Shipping Company rose 36.87% to Rs 812.52 crore in the quarter ended December 2025 as against Rs 593.66 crore during the previous quarter ended December 2024. Sales rose 17.59% to Rs 1454.44 crore in the quarter ended December 2025 as against Rs 1236.87 crore during the previous quarter ended December 2024.

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Great Eastern Shipping Company took delivery of 2019 Japanese built Ultramax Dry Bulk Carrier ?Jag Riddhi? of about 63,480 dwt on January 28, 2026. The company had contracted to buy the vessel in Q3 FY26. This vessel is financed entirely from internal accruals.

After this transaction, the company's current owned fleet stands at 40 vessels, comprising 26 Tankers (5 Crude Tankers, 16 Product Tankers, 5 LPG Carriers) and 14 Dry Bulk Carriers (2 Capesize, 9 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.20 mn dwt. The Company's current capacity utilization is close to 100%.

Additionally, the company has contracted to buy one secondhand Medium Range Tanker and sell one Very Large Gas Carrier ?Jag Vishnu?. These purchase and sale transactions are expected to be completed in Q4 FY26.

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Great Eastern Shipping Company (GE Shipping) delivered its 2011 built Kamsarmax Dry Bulk Carrier ?Jag Aarati? to the buyers. The vessel was contracted for sale in Q3 FY26.

After this transaction, the company's current owned fleet stands at 39 vessels, comprising 26 Tankers (5 Crude Tankers, 16 Product Tankers, 5 LPG Carriers) and 13 Dry Bulk Carriers (2 Capesize, 9 Kamsarmax, 2 Supramax) aggregating 3.14 mn dwt.

Additionally, the company has contracted to buy one secondhand Ultramax Dry Bulk Carrier, buy one secondhand Medium Range Tanker, and sell one Very Large Gas Carrier ?Jag Vishnu?. These purchase and sale transactions are expected to be completed in Q4 FY26.

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