SEAMEC Ltd

SEAMEC Ltd

₹ 1,615 -1.16%
29 May - 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 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.

  • Market Cap 4,104 Cr.
  • Current Price 1,615
  • High / Low 1,709 / 753
  • Stock P/E 16.9
  • Book Value 484
  • Dividend Yield 0.00 %
  • ROCE 20.4 %
  • ROE 21.9 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 46.4% CAGR over last 5 years

Cons

  • Tax rate seems low

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
117 195 67 197 223 205 78 140 194 201 82 303 315
91 147 46 111 129 132 65 96 103 107 82 173 178
Operating Profit 26 48 21 86 94 74 13 44 92 94 0 130 137
OPM % 22% 24% 32% 43% 42% 36% 16% 31% 47% 47% 0% 43% 43%
-2 25 10 8 11 13 24 -8 13 21 9 13 2
Interest 0 1 3 3 4 4 3 3 3 3 4 6 5
Depreciation 27 26 26 26 28 28 28 30 30 30 30 29 42
Profit before tax -3 45 2 65 73 55 5 3 72 83 -25 110 91
Tax % -81% 0% 0% 2% -4% 6% 40% 22% 18% 4% 4% 7% 4%
-1 45 2 63 76 51 3 2 59 80 -26 101 87
EPS in Rs -0.23 17.85 0.80 24.84 29.86 20.24 1.20 0.88 23.13 31.31 -10.16 39.86 34.30
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
350 328 208 194 304 365 229 294 399 666 617 902
288 291 320 160 200 213 176 191 283 417 396 541
Operating Profit 61 37 -112 33 103 153 53 103 116 249 222 361
OPM % 18% 11% -54% 17% 34% 42% 23% 35% 29% 37% 36% 40%
36 23 18 19 26 30 96 44 15 54 42 46
Interest 1 1 3 1 1 2 1 4 4 12 14 17
Depreciation 37 47 48 49 48 46 43 66 93 106 116 131
Profit before tax 60 12 -145 2 81 136 105 77 35 185 134 259
Tax % 10% 50% 3% 87% 5% 4% 7% 1% -17% -1% 14% 6%
54 6 -150 0 77 130 98 76 41 187 116 242
EPS in Rs 15.94 2.27 -58.84 0.11 30.17 51.18 38.40 29.79 16.24 73.39 45.45 95.32
Dividend Payout % 6% 0% 0% 0% 0% 2% 3% 0% 0% 1% 0% 2%
Compounded Sales Growth
10 Years: 11%
5 Years: 32%
3 Years: 31%
TTM: 46%
Compounded Profit Growth
10 Years: 45%
5 Years: 46%
3 Years: 83%
TTM: 122%
Stock Price CAGR
10 Years: 33%
5 Years: 26%
3 Years: 33%
1 Year: 78%
Return on Equity
10 Years: 12%
5 Years: 15%
3 Years: 19%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 34 25 25 25 25 25 25 25 25 25 25 25
Reserves 488 395 245 245 322 452 545 620 662 846 961 1,204
13 28 18 7 3 0 6 67 55 243 196 297
76 129 143 132 143 173 58 49 111 130 112 166
Total Liabilities 611 577 431 410 494 650 634 762 852 1,245 1,295 1,693
216 174 206 168 157 134 143 273 470 415 354 520
CWIP 0 0 1 0 0 1 0 2 0 1 0 0
Investments 10 34 37 45 97 180 227 274 161 226 476 697
385 369 187 197 240 335 265 213 221 603 465 476
Total Assets 611 577 431 410 494 650 634 762 852 1,245 1,295 1,693

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
136 8 14 30 89 189 85 131 97 166 425 242
-216 74 -4 -22 -84 -162 -85 -191 -45 -320 -387 -277
13 -96 -11 -14 -1 -3 -2 59 -14 149 -61 76
Net Cash Flow -68 -13 -1 -5 4 24 -2 -1 38 -5 -23 41
Free Cash Flow 81 -10 -61 12 55 174 31 -57 -175 68 373 -31
CFO/OP 223% 45% -30% 103% 88% 126% 166% 133% 80% 68% 200% 71%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 130 208 191 221 196 153 122 47 96 122 94 125
Inventory Days
Days Payable
Cash Conversion Cycle 130 208 191 221 196 153 122 47 96 122 94 125
Working Capital Days 73 110 -42 15 45 78 173 155 24 104 28 54
ROCE % 10% 3% -39% 1% 26% 33% 8% 11% 5% 20% 12% 20%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Total Fleet Size (Offshore & Bulk Carriers)
Number of Vessels

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Individual Vessel Deployment - SEAMEC II
Days
Individual Vessel Deployment - SEAMEC III
Days
Individual Vessel Deployment - SEAMEC PRINCESS
Days
Fleet Deployment Utilization
Days
Regional Deployment - Domestic
Days
Regional Deployment - Overseas
Days
Handymax Bulk Carriers (Overseas Subsidiaries)
Number of Vessels
Operating Profit Margin
Percentage
Trade Receivable Turnover Ratio
Times

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
72.05% 72.05% 72.05% 72.05% 72.31% 72.31% 72.31% 72.31% 72.31% 72.72% 72.72% 72.72%
2.65% 2.65% 3.05% 3.15% 3.81% 4.08% 3.44% 3.05% 3.25% 3.62% 3.36% 3.73%
0.00% 0.00% 1.78% 5.38% 5.01% 6.22% 6.47% 6.63% 6.17% 3.75% 4.08% 4.49%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
25.29% 25.29% 23.11% 19.39% 18.85% 17.37% 17.77% 17.99% 18.25% 19.90% 19.84% 19.05%
No. of Shareholders 12,82014,11213,75812,86215,24917,03016,78216,52517,12817,20716,60916,623

* 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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