THE GREAT EASTERN SHIPPING COMPANY LIMITED Annual Report 2022-2023
Positive.
Progressive.
Contents
Corporate Information
Key Performance Indicators (Consolidated)
Management Statement
Board's Report
Management Discussion And Analysis
Corporate Governance
Fleet Profile
Auditor's Report
03
04
06
09
18
27
55
57
Financial Statements | 67 |
Statement Pertaining To | 133 |
Subsidiaries | |
Consolidated Financial Statements | 134 |
Corporate
Information
Mr. Bharat K. Sheth
CHAIRMAN
Mr. Ravi K. Sheth
MANAGING DIRECTOR
Mr. P. R. Naware
EXECUTIVE DIRECTOR
Mr. Alok Mahajan
Executive Director
& Chief Operating Officer
Mrs. Bhavna Doshi
Mrs. Rita Bhagwati
Mr. Shaleen Sharma
INDEPENDENT DIRECTORS
Mr. G. Shivakumar
CHIEF FINANCIAL OFFICER
Ms. Amisha Ghia
COMPANY SECRETARY
One International Center
Tower 3, 23rd Floor
Senapati Bapat Marg
Elphinstone Road (West)
Mumbai 400 013
REGISTERED OFFICE
U 63090 MH 2002 PLC 136326
CORPORATE IDENTITY NUMBER
Deloitte Haskins & Sells LLP
Chartered Accountants
One International Center
Tower 3, 27th-32nd Floor
Senapati Bapat Marg
Elphinstone Road (West)
Mumbai 400 013
Maharashtra, India
AUDITORS
www.greatshipglobal.com
WEBSITE
Annual Report 2022-2023
Key performance indicators (consolidated)
5 years at a glance
` in Crores | ||||||
FY 2018-19 | FY 2019-20 | FY 2020-21 | FY 2021-22 | FY 2022-23 | ||
Profit & Loss A/c | ||||||
Total Income | 956.02 | 846.80 | 668.22 | 725.45 | 938.23 | |
Operating Profit (PBIDT) | 500.46 | 348.78 | 205.75 | 216.80 | 346.97 | |
Net Profit (PAT) | (7.88) | (64.75) | (131.12) | (143.69) | 33.62 | |
Balance Sheet | ||||||
What the Company owned | ||||||
Fixed Assets | 4,082.29 | 3,940.88 | 3,673.15 | 3,449.91 | 3,308.90 | |
Investments & Net Current Assets (net of long term portion of current liabilities & provisions) | 1,065.63 | 933.16 | 678.42 | 708.18 | 812.74 | |
TOTAL ASSETS | 5,147.92 | 4,874.04 | 4,351.57 | 4,158.09 | 4,121.64 | |
What the Company owed | ||||||
Loans* | 2,252.83 | 2,038.99 | 1,651.89 | 1,553.48 | 1,451.71 | |
Shareholders' Funds | ||||||
Equity Share Capital | 111.35 | 111.35 | 111.35 | 111.35 | 111.35 | |
Reserves & Surplus | 2,783.74 | 2,723.70 | 2,588.33 | 2,493.26 | 2,558.58 | |
TOTAL | 2,895.09 | 2,835.05 | 2,699.68 | 2,604.61 | 2,669.93 | |
TOTAL LIABILITIES | 5,147.92 | 4,874.04 | 4,351.57 | 4,158.09 | 4,121.64 | |
(US$ in Millions) | ||||||
IN US DOLLARS | FY 2018-19 | FY 2019-20 | FY 2020-21 | FY 2021-22 | FY 2022-23 |
Profit & Loss A/c | |||||||||
Total Income (US$ mn) | 137.42 | 119.96 | 89.87 | 97.72 | |||||
Operating Profit (PBIDT) | 71.94 | 49.41 | 27.67 | 29.20 | |||||
PAT (US$ mn) | (1.13) | (9.17) | (17.64) | (19.35) | |||||
Balance Sheet | |||||||||
What the Company owned | |||||||||
Fixed Assets | 590.35 | 520.80 | 502.41 | 455.19 | |||||
Investments & Net Current Assets (net of long term portion of current liabilities & provisions) | 154.10 | 123.32 | 92.80 | 93.44 | |||||
Total Assets | 744.46 | 644.12 | 595.21 | 548.63 | |||||
What the Company owed | |||||||||
Loans* | 325.79 | 269.46 | 225.95 | 204.97 | |||||
Shareholders' Funds | |||||||||
Equity Share Capital | 16.10 | 14.72 | 15.23 | 14.69 | |||||
Reserves & Surplus | 402.57 | 359.94 | 354.03 | 328.97 | |||||
TOTAL | 418.67 | 374.66 | 369.26 | 343.66 | |||||
TOTAL LIABILITIES | 744.46 | 644.12 | 595.21 | 548.63 | |||||
FY 2018-19 | FY 2019-20 | FY 2020-21 | FY 2021-22 | ||||||
Debt-equity Ratio* | 0.78 | 0.72 | 0.61 | 0.60 | |||||
Net Debt-equity Ratio* | 0.39 | 0.35 | 0.32 | 0.30 | |||||
Return On Networth (%) | (0.27) | (2.26) | (4.74) | (5.42) | |||||
Return On Capital Employed (%) | 3.43 | 1.87 | (1.96) | (0.57) | |||||
Earning Per Share (in `) | (0.71) | (5.82) | (11.78) | (12.90) |
117.29
43.38
4.20
402.69
98.91
501.60
176.67
13.55
311.38
324.93
501.60
FY 2022-23
0.54
0.23
1.27
3.46
3.02
* includes preference share capital
Key Performance Indicators (Consolidated) | 4
Annual Report 2022-2023
5 years trend
Operating Profit (PBIDT)
(` in Crores) | NET PROFIT (PAT) | (` in Crores) |
1000 | 80.00 | ||||
800 | 40.00 | ||||
0 | |||||
600 | 500.46 | (40.00) | |||
400 | (80.00) | ||||
348.78 | 346.97 | ||||
216.80 | |||||
200 | 205.75 | (120.00) | |||
(140.00) | |||||
0 | (160.00) | ||||
2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
33.62 | ||||
(7.88) | ||||
(64.75) | ||||
(131.12) | ||||
(143.69) | ||||
2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
Total Income | (` in Crores) | ||||
1,600 | |||||
1,400 | |||||
1,200 | 956.02 | ||||
1,000 | 846.80 | 938.23 | |||
800 | 668.22 | 725.45 | |||
600 | |||||
400 | |||||
200 | |||||
0 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
Net Debt to Equity
0.60 | |||||
0.50 | |||||
0.40 | 0.39 | 0.35 | |||
0.32 | 0.30 | ||||
0.30 | 0.23 | ||||
0.20 | |||||
0.10 | |||||
0 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
Return on Net Worth | |||||
3% | |||||
2% | 1.27% | ||||
1% | |||||
0 | (0.27%) | ||||
(1%) | |||||
(2%) | |||||
(3%) | (2.26%) | ||||
(4%) | |||||
(5%) | (4.74%) | ||||
(6%) | (5.42%) | ||||
(7%) | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
Fixed assets | (` in Crores) | |||
5000 | ||||
4,082.29 | 3,940.88 | |||
4000 | 3,673.15 | |||
3,449.91 | 3,308.90 | |||
3000 | ||||
2000 | ||||
1000 | ||||
0 | ||||
2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
Return on Capital Employed
6% | |||||
4% | 3.43% | 3.46 | |||
2% | 1.87% | ||||
0 | |||||
-2% | (0.57%) | ||||
(1.96%) | |||||
-4% | |||||
-6% | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
Key Performance Indicators (Consolidated) | 5
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Disclaimer
The Great Eastern Shipping Company Limited published this content on 29 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 July 2023 14:40:10 UTC.
