SEAMEC Ltd
SEAMEC Ltd owns and operates 4 multi-support vessels for the provision of diving services, manned and unmanned subsea operations and related activities. It has also diversified into main fleet shipping vertical by acquiring 3 bulk carriers of various sizes.[1] It owns the largest fleet of multi-functional vessels in India.[2]
- Market Cap ₹ 2,123 Cr.
- Current Price ₹ 835
- High / Low ₹ 1,670 / 780
- Stock P/E 18.4
- Book Value ₹ 388
- Dividend Yield 0.12 %
- ROCE 12.9 %
- ROE 12.4 %
- Face Value ₹ 10.0
Pros
Cons
- Tax rate seems low
- Company has a low return on equity of 13.8% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Transport Services Shipping
Part of BSE SmallCap BSE Allcap BSE Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
408 | 350 | 328 | 208 | 194 | 304 | 365 | 229 | 294 | 399 | 666 | 617 | |
380 | 288 | 291 | 320 | 160 | 200 | 213 | 176 | 191 | 283 | 417 | 396 | |
Operating Profit | 28 | 61 | 37 | -112 | 33 | 103 | 153 | 53 | 103 | 116 | 249 | 221 |
OPM % | 7% | 18% | 11% | -54% | 17% | 34% | 42% | 23% | 35% | 29% | 37% | 36% |
15 | 36 | 23 | 18 | 19 | 26 | 30 | 96 | 44 | 15 | 54 | 42 | |
Interest | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 1 | 4 | 4 | 12 | 14 |
Depreciation | 38 | 37 | 47 | 48 | 49 | 48 | 46 | 43 | 66 | 93 | 106 | 116 |
Profit before tax | 5 | 60 | 12 | -145 | 2 | 81 | 136 | 105 | 77 | 35 | 185 | 134 |
Tax % | 80% | 10% | 50% | 3% | 87% | 5% | 4% | 7% | 1% | -17% | -1% | 14% |
1 | 54 | 6 | -150 | 0 | 77 | 130 | 98 | 76 | 41 | 187 | 116 | |
EPS in Rs | 0.31 | 15.94 | 2.27 | -58.84 | 0.11 | 30.17 | 51.18 | 38.40 | 29.79 | 16.24 | 73.39 | 45.45 |
Dividend Payout % | 0% | 6% | 0% | 0% | 0% | 0% | 2% | 3% | 0% | 0% | 1% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 11% |
3 Years: | 28% |
TTM: | -7% |
Compounded Profit Growth | |
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10 Years: | 10% |
5 Years: | -2% |
3 Years: | 20% |
TTM: | -33% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 17% |
3 Years: | -1% |
1 Year: | -32% |
Return on Equity | |
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10 Years: | 9% |
5 Years: | 12% |
3 Years: | 14% |
Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 34 | 34 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
Reserves | 438 | 488 | 395 | 245 | 245 | 322 | 452 | 545 | 620 | 662 | 846 | 961 |
0 | 13 | 28 | 18 | 7 | 3 | 0 | 6 | 67 | 55 | 243 | 196 | |
75 | 76 | 129 | 143 | 132 | 143 | 173 | 58 | 49 | 111 | 130 | 112 | |
Total Liabilities | 547 | 611 | 577 | 431 | 410 | 494 | 650 | 634 | 762 | 852 | 1,245 | 1,295 |
177 | 216 | 174 | 206 | 168 | 157 | 134 | 143 | 273 | 470 | 415 | 354 | |
CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 2 | 0 | 1 | 0 |
Investments | 3 | 10 | 34 | 37 | 45 | 97 | 180 | 227 | 274 | 161 | 226 | 476 |
367 | 385 | 369 | 187 | 197 | 240 | 335 | 265 | 213 | 221 | 603 | 465 | |
Total Assets | 547 | 611 | 577 | 431 | 410 | 494 | 650 | 634 | 762 | 852 | 1,245 | 1,295 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
30 | 136 | 8 | 14 | 30 | 89 | 189 | 85 | 131 | 97 | 166 | 425 | |
17 | -216 | 74 | -4 | -22 | -84 | -162 | -85 | -191 | -45 | -320 | -387 | |
-0 | 13 | -96 | -11 | -14 | -1 | -3 | -2 | 59 | -14 | 149 | -61 | |
Net Cash Flow | 46 | -68 | -13 | -1 | -5 | 4 | 24 | -2 | -1 | 38 | -5 | -23 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 133 | 130 | 208 | 191 | 221 | 196 | 153 | 122 | 47 | 96 | 122 | 94 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 133 | 130 | 208 | 191 | 221 | 196 | 153 | 122 | 47 | 96 | 122 | 94 |
Working Capital Days | 105 | 86 | 142 | -11 | 29 | 49 | 78 | 177 | 175 | 39 | 131 | 62 |
ROCE % | 1% | 10% | 3% | -39% | 1% | 26% | 33% | 8% | 11% | 5% | 20% | 13% |
Documents
Announcements
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Intimation On Deployment Status Of Vessel SEAMEC II
1d - Vessel SEAMEC II off hired from ONGC project on June 20, 2025; drydocking planned.
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Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
19 Jun - SEAMEC III leased air diving equipment at USD 2800/day via addendum dated June 18, 2025.
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Intimation On Deployment Status Of Vessel SEAMEC PRINCESS
18 Jun - SEAMEC PRINCESS completed PRP-VII, moved to PRP-VIII and DUDP, demobilized June 17, 2025 due to monsoon.
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Update On SEARETE INDIA IFSC PRIVATE LIMITED
17 Jun - Seamec's JV acquired vessel for $7.875M, chartered for 42 months at $7,156/day, totaling $9.15M hire.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Jun - Of Newspaper Publication with regards to Notice of Postal Ballot
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024TranscriptPPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
Business Profile[1] Seamec Limited, a subsidiary of MMG Group, operates in offshore and marine services, providing a range of operations through its fleet of Diving Support Vessels (DSVs), Offshore Support Vessels (OSVs), and bulk carriers.