SEAMEC Ltd

SEAMEC Ltd Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

SEAMEC Ltd

₹ 1,273 -1.48%
30 Jan - close price
seamec.in BSE: 526807 NSE: SEAMECLTD
About

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]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 3,236 Cr.
  • Current Price ₹ 1,273
  • High / Low ₹ 1,319 / 753
  • Stock P/E 15.1
  • Book Value ₹ 409
  • Dividend Yield 0.00 %
  • ROCE 12.3 %
  • ROE 11.7 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 51.8 days to 28.0 days

Cons

  • Stock is trading at 3.11 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 13.5% 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 Allcap BSE Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
95 117 195 67 197 223 205 78 140 194 201 82 303
74 91 147 46 111 129 132 65 96 103 107 82 173
Operating Profit 21 26 48 21 86 94 74 13 44 92 94 0 130
OPM % 22% 22% 24% 32% 43% 42% 36% 16% 31% 47% 47% 0% 43%
1 -2 25 10 8 11 13 24 -8 13 21 9 13
Interest 1 0 1 3 3 4 4 3 3 3 3 4 6
Depreciation 18 27 26 26 26 28 28 28 30 30 30 30 29
Profit before tax 3 -3 45 2 65 73 55 5 3 72 83 -25 110
Tax % -137% -81% 0% 0% 2% -4% 6% 40% 22% 18% 4% 4% 7%
6 -1 45 2 63 76 51 3 2 59 80 -26 101
EPS in Rs 2.51 -0.23 17.85 0.80 24.84 29.86 20.24 1.20 0.88 23.13 31.31 -10.16 39.86
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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 TTM
408 350 328 208 194 304 365 229 294 399 666 617 781
380 288 291 320 160 200 213 176 191 283 417 396 465
Operating Profit 28 61 37 -112 33 103 153 53 103 116 249 222 316
OPM % 7% 18% 11% -54% 17% 34% 42% 23% 35% 29% 37% 36% 40%
15 36 23 18 19 26 30 96 44 15 54 42 57
Interest 1 1 1 3 1 1 2 1 4 4 12 14 16
Depreciation 38 37 47 48 49 48 46 43 66 93 106 116 118
Profit before tax 5 60 12 -145 2 81 136 105 77 35 185 134 239
Tax % 80% 10% 50% 3% 87% 5% 4% 7% 1% -17% -1% 14%
1 54 6 -150 0 77 130 98 76 41 187 116 214
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 84.14
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: 21%
Compounded Profit Growth
10 Years: 9%
5 Years: -3%
3 Years: 18%
TTM: 61%
Stock Price CAGR
10 Years: 30%
5 Years: 22%
3 Years: 20%
1 Year: 22%
Return on Equity
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 Sep 2025
Equity Capital 34 34 25 25 25 25 25 25 25 25 25 25 25
Reserves 438 488 395 245 245 322 452 545 620 662 846 961 1,015
0 13 28 18 7 3 0 6 67 55 243 196 342
75 76 129 143 132 143 173 58 49 111 130 112 89
Total Liabilities 547 611 577 431 410 494 650 634 762 852 1,245 1,295 1,472
177 216 174 206 168 157 134 143 273 470 415 354 312
CWIP 0 0 0 1 0 0 1 0 2 0 1 0 208
Investments 3 10 34 37 45 97 180 227 274 161 226 476 656
367 385 369 187 197 240 335 265 213 221 603 465 296
Total Assets 547 611 577 431 410 494 650 634 762 852 1,245 1,295 1,472

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 73 110 -42 15 45 78 173 155 24 104 28
ROCE % 1% 10% 3% -39% 1% 26% 33% 8% 11% 5% 20% 12%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
72.05% 72.05% 72.05% 72.05% 72.05% 72.31% 72.31% 72.31% 72.31% 72.31% 72.72% 72.72%
2.84% 2.65% 2.65% 3.05% 3.15% 3.81% 4.08% 3.44% 3.05% 3.25% 3.62% 3.36%
0.01% 0.00% 0.00% 1.78% 5.38% 5.01% 6.22% 6.47% 6.63% 6.17% 3.75% 4.08%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
25.07% 25.29% 25.29% 23.11% 19.39% 18.85% 17.37% 17.77% 17.99% 18.25% 19.90% 19.84%
No. of Shareholders 11,39912,82014,11213,75812,86215,24917,03016,78216,52517,12817,20716,609

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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