SEAMEC Ltd

₹ 1,578 0.02%

26 Jul - close price

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 Segment FY23

Website BSE NSE

Market Cap ₹ 4,011 Cr.
Current Price ₹ 1,578
High / Low ₹ 1,620 / 607
Stock P/E 23.4
Book Value ₹ 343
Dividend Yield 0.06 %
ROCE 19.7 %
ROE 22.0 %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter

Cons

Stock is trading at 4.61 times its book value
Tax rate seems low
Company has a low return on equity of 13.6% over last 3 years.
Debtor days have increased from 88.3 to 122 days.

* 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

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	87	63	67	95	69	111	75	95	117	178	67	197	223
	56	42	41	46	62	77	41	74	91	131	46	111	129
Operating Profit	31	21	26	48	7	34	34	21	26	48	21	86	94
OPM %	35%	33%	39%	51%	10%	31%	45%	22%	22%	27%	32%	43%	42%
	7	11	14	7	12	5	12	1	-2	25	10	8	11
Interest	0	0	1	1	2	1	1	1	0	1	3	3	4
Depreciation	13	12	16	18	20	20	27	18	27	26	26	26	28
Profit before tax	24	19	24	37	-3	18	18	3	-3	45	2	65	73
Tax %	4%	9%	6%	1%	-77%	-11%	11%	-137%	-81%	0%	0%	2%	-4%
	23	18	22	37	-1	19	16	6	-1	45	2	63	76
EPS in Rs	9.20	6.91	8.74	14.41	-0.27	7.63	6.32	2.51	-0.23	17.88	0.80	24.84	29.86
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	337	408	350	328	208	194	304	365	229	294	399	666
	283	380	288	291	320	160	200	213	176	191	283	417
Operating Profit	54	28	61	37	-112	33	103	153	53	103	116	249
OPM %	16%	7%	18%	11%	-54%	17%	34%	42%	23%	35%	29%	37%
	23	15	36	23	18	19	26	30	96	44	15	54
Interest	0	1	1	1	3	1	1	2	1	4	4	12
Depreciation	37	38	37	47	48	49	48	46	43	66	93	106
Profit before tax	40	5	60	12	-145	2	81	136	105	77	35	185
Tax %	15%	80%	10%	50%	3%	87%	5%	4%	7%	1%	-17%	-1%
	34	1	54	6	-150	0	77	130	98	76	41	187
EPS in Rs	10.06	0.31	15.94	2.27	-58.84	0.11	30.17	51.18	38.40	29.79	16.24	73.39
Dividend Payout %	0%	0%	6%	0%	0%	0%	0%	2%	3%	0%	6%	0%

Compounded Sales Growth
10 Years:	5%
5 Years:	17%
3 Years:	43%
TTM:	67%

Compounded Profit Growth
10 Years:	66%
5 Years:	18%
3 Years:	68%
TTM:	332%

Stock Price CAGR
10 Years:	31%
5 Years:	31%
3 Years:	45%
1 Year:	121%

Return on Equity
10 Years:	9%
5 Years:	15%
3 Years:	14%
Last Year:	22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	34	34	34	25	25	25	25	25	25	25	25	25
Reserves	437	438	488	395	245	245	322	452	545	620	662	846
	0	0	13	28	18	7	3	0	6	67	55	243
	71	75	76	129	143	132	143	173	58	49	111	130
Total Liabilities	542	547	611	577	431	410	494	650	634	762	852	1,245
	197	177	216	174	206	168	157	134	143	273	470	415
CWIP	0	0	0	0	1	0	0	1	0	2	0	1
Investments	3	3	10	34	37	45	97	180	227	274	161	226
	342	367	385	369	187	197	240	335	265	213	221	603
Total Assets	542	547	611	577	431	410	494	650	634	762	852	1,245

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	55	30	136	8	14	30	89	189	85	131	97	166
	-44	17	-216	74	-4	-22	-84	-162	-85	-191	-45	-320
	-0	-0	13	-96	-11	-14	-1	-3	-2	59	-14	149
Net Cash Flow	11	46	-68	-13	-1	-5	4	24	-2	-1	38	-5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	142	133	130	208	191	221	196	153	122	47	96	122
Inventory Days
Days Payable
Cash Conversion Cycle	142	133	130	208	191	221	196	153	122	47	96	122
Working Capital Days	119	105	86	142	-11	29	49	78	177	175	39	131
ROCE %	9%	1%	10%	3%	-39%	1%	26%	33%	8%	11%	5%	20%

Shareholding Pattern

Numbers in percentages

10 Recently

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	72.04%	72.04%	72.04%	72.04%	72.05%	72.05%	72.05%	72.05%	72.05%	72.05%	72.05%	72.31%
	2.57%	2.59%	2.60%	2.65%	2.80%	2.82%	2.84%	2.65%	2.65%	3.05%	3.15%	3.81%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.01%	0.01%	0.00%	0.00%	1.78%	5.38%	5.01%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	25.33%	25.31%	25.31%	25.26%	25.11%	25.10%	25.07%	25.29%	25.29%	23.11%	19.39%	18.85%
No. of Shareholders	10,986	10,916	12,312	11,831	11,430	10,581	11,399	12,820	14,112	13,758	12,862	15,249

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
	72.87%	69.57%	69.57%	71.51%	71.96%	72.04%	72.05%	72.05%	72.31%
	0.00%	3.29%	3.29%	2.60%	0.00%	2.60%	2.84%	3.15%	3.81%
	0.56%	0.65%	0.15%	0.14%	0.11%	0.03%	0.01%	5.38%	5.01%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	26.55%	26.47%	26.97%	25.72%	27.90%	25.31%	25.07%	19.39%	18.85%
No. of Shareholders	16,606	11,353	10,035	9,830	9,595	12,312	11,399	12,862	15,249

* 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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SEAMEC Ltd

SEAMEC Ltd

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Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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