Security Name: 8.85% The Great Eastern Shipping Company Limited 12 Apr 2028
ISIN:
INE017A07559
Taxable
Tax Category
12 Apr, 2028
Maturity Date
(2 Yr 9 Mo 27 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
12 Apr, 2018
Allotment Date
NA
Put Date
12 Apr, 2026
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
8.85%
Coupon
Fixed Interest
Coupon Basis
8.6734%
Current Yield
28 Mar, 2026
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
The Great Eastern Shipping Company Limited
G E Shipping owes its success to the foresightedness of two families - the Sheths and the Bhiwandiwallas, who started their own shipping line to help expand the reach of their trading businesses. From providing sea-logistics support in its initial years to venturing in tramp shipping, to diversifying into offshore oil field services, much against the industry norms, the company has often swum against the tide and in the process, turned the tides in its favor, thereby laying a path for others to follow.
The ratio in FY24 is 0.73x and it was 0.82x in FY23, this indicates the decrease in debt levels due to decrease in the borrowings and decrease in Interest Cost which result in decrease in finance cost of the issuer.
Debt/EBITDA
The ratio in FY24 is 13.13x and it was 10.22x in FY23, this indicates the increase in servicing ability of the issuer, due to increase in profitability.
Interest coverage ratio
Recent News
Bharat K. Sheth's tough decisions propelled Great Eastern Shipping into the front ranks
Apr 10, 2024 | The Great Eastern Shipping Company Limited
The Great Eastern Shipping Company gets board nod to open ship leasing unit in IFSC-GIFT City
Jul 23, 2024 | The Great Eastern Shipping Company Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, send a request for the Information Memorandum. You will receive an email shortly.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
Clean Price
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BOND VALUE DETAILS
Face Value
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Stamp Duty
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Total Investment
| Cashflow for INE017A07559 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 8.85% The Great Eastern Shipping Company Limited 12 Apr 2028 |
| Credit Rating |
|---|
| AA + /Stable by CRISIL AAA Stable by CARE |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 8.850000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 12/04/2028 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Jun 17,2025 |
| Principal Amount |
|---|
| ₹10,20,366 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹1 |
| Total Amount Payable |
|---|
| ₹10,20,367 |
| Price |
|---|
| ₹102.0366 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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