SEAMEC Ltd

SEAMEC Ltd

₹ 1,099 -3.94%
19 Jun 10:40 a.m.
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

  • Market Cap 2,795 Cr.
  • Current Price 1,099
  • High / Low 1,240 / 586
  • Stock P/E 16.1
  • Book Value 343
  • Dividend Yield 0.09 %
  • ROCE 19.8 %
  • ROE 22.3 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 3.34 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: Shipping Industry: Shipping

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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 53 103 116 248
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 11
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% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 17%
3 Years: 43%
TTM: 67%
Compounded Profit Growth
10 Years: 67%
5 Years: 18%
3 Years: 69%
TTM: 337%
Stock Price CAGR
10 Years: 26%
5 Years: 18%
3 Years: 34%
1 Year: 88%
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 97 167
-44 17 -216 74 -4 -22 -84 -162 -85 -191 -45 -320
-0 -0 13 -96 -11 -14 -1 -3 -2 59 -14 148
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%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.04% 72.04% 72.04% 72.04% 72.04% 72.05% 72.05% 72.05% 72.05% 72.05% 72.05% 72.05%
2.34% 2.57% 2.59% 2.60% 2.65% 2.80% 2.82% 2.84% 2.65% 2.65% 3.05% 3.15%
0.05% 0.03% 0.03% 0.03% 0.03% 0.03% 0.01% 0.01% 0.00% 0.00% 1.78% 5.38%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
25.55% 25.33% 25.31% 25.31% 25.26% 25.11% 25.10% 25.07% 25.29% 25.29% 23.11% 19.39%
No. of Shareholders 10,49910,98610,91612,31211,83111,43010,58111,39912,82014,11213,75812,862

* 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.

Click on the line-items to see the names of individual entities.

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