Great Eastern Shipping is another of those boring stories.
The stock closed at Rs. 217 today. It had cash and cash equivalents along with investments for Rs. 2000 crore as of Mar.31. Which works out to about two third of its book value per share. And it boasts of an operating margin and Return on capital which is way higher than many other general stocks I see.
For a change, this is one stock whose cash operating profits are better than the earnings shown as EPS. So the PE ratio is in effect kinda better than the 2+ we see...
In short, hardly noticed but hard to surpass stock in terms of value.
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