SEAMEC Ltd

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

SEAMEC Ltd

₹ 867 -0.73%
10 Jun 2:28 p.m.
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 ₹ 2,205 Cr.
  • Current Price ₹ 867
  • High / Low ₹ 1,670 / 780
  • Stock P/E 27.4
  • Book Value ₹ 396
  • Dividend Yield 0.11 %
  • ROCE 9.17 %
  • ROE 8.40 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of 8.80% over last 3 years.
  • Dividend payout has been low at 0.71% of profits 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
85 125 85 101 126 212 84 213 236 215 88 149 200
69 83 48 81 99 164 68 123 149 142 72 105 118
Operating Profit 16 43 37 20 27 48 16 91 87 73 15 44 81
OPM % 19% 34% 44% 20% 21% 23% 19% 42% 37% 34% 18% 30% 41%
13 5 15 2 -1 13 7 6 3 17 22 -10 10
Interest 3 2 2 2 1 2 4 4 5 4 4 3 4
Depreciation 24 25 31 24 31 32 33 34 35 32 32 34 33
Profit before tax 3 21 19 -5 -7 26 -14 58 50 53 2 -3 54
Tax % -92% -9% 10% -69% -34% 1% 1% 3% -5% 6% 93% 25% 24%
5 23 17 -2 -5 26 -14 56 53 50 0 -3 41
EPS in Rs 1.87 8.91 6.67 -0.70 -1.90 10.07 -5.81 22.09 20.72 19.61 0.04 -1.31 16.90
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
408 350 328 208 194 314 384 257 350 437 729 652
368 280 293 320 160 202 215 189 220 310 486 438
Operating Profit 40 71 35 -112 33 112 169 68 130 127 243 214
OPM % 10% 20% 11% -54% 17% 36% 44% 26% 37% 29% 33% 33%
13 104 24 19 20 30 30 101 46 20 29 39
Interest 1 1 1 3 1 4 6 6 7 7 17 15
Depreciation 50 45 47 48 49 52 55 57 84 112 135 131
Profit before tax 2 128 11 -145 3 86 139 106 85 28 120 107
Tax % 203% 5% 52% 3% 66% 4% 4% 7% 1% -22% -1% 18%
-2 122 5 -149 1 82 133 99 84 34 121 88
EPS in Rs -0.61 35.99 2.12 -58.55 0.39 32.19 52.41 38.76 32.73 12.98 47.08 35.25
Dividend Payout % 0% 3% 0% 0% 0% 0% 2% 3% 0% 0% 2% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 11%
3 Years: 23%
TTM: -11%
Compounded Profit Growth
10 Years: 5%
5 Years: -10%
3 Years: 3%
TTM: -32%
Stock Price CAGR
10 Years: 23%
5 Years: 18%
3 Years: -5%
1 Year: -18%
Return on Equity
10 Years: 7%
5 Years: 9%
3 Years: 9%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 437 556 467 316 318 404 536 637 723 765 886 982
0 13 28 18 7 72 73 89 127 139 327 231
79 76 129 143 132 152 206 108 95 135 169 141
Total Liabilities 549 679 649 503 483 654 839 859 971 1,064 1,407 1,379
233 217 174 206 168 236 248 291 411 585 717 655
CWIP 0 0 0 1 0 0 1 0 2 0 1 0
Investments 0 7 31 35 61 117 179 222 269 131 123 333
317 455 444 261 253 301 412 346 289 348 566 391
Total Assets 549 679 649 503 483 654 839 859 971 1,064 1,407 1,379

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
29 91 11 13 29 97 233 106 94 53 150 299
16 -172 70 -1 -20 -165 -194 -117 -124 -5 -316 -165
-0 12 -96 -11 -2 48 6 -22 43 -42 142 -112
Net Cash Flow 45 -68 -15 0 7 -19 45 -33 13 7 -25 22

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 133 130 208 191 221 190 148 112 41 88 114 89
Inventory Days
Days Payable
Cash Conversion Cycle 133 130 208 191 221 190 148 112 41 88 114 89
Working Capital Days 97 87 144 -10 29 39 127 224 219 36 81 57
ROCE % 1% 10% 2% -32% 1% 21% 25% 7% 10% 3% 12% 9%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
72.04% 72.05% 72.05% 72.05% 72.05% 72.05% 72.05% 72.05% 72.31% 72.31% 72.31% 72.31%
2.65% 2.80% 2.82% 2.84% 2.65% 2.65% 3.05% 3.15% 3.81% 4.08% 3.44% 3.05%
0.03% 0.03% 0.01% 0.01% 0.00% 0.00% 1.78% 5.38% 5.01% 6.22% 6.47% 6.63%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
25.26% 25.11% 25.10% 25.07% 25.29% 25.29% 23.11% 19.39% 18.85% 17.37% 17.77% 17.99%
No. of Shareholders 11,83111,43010,58111,39912,82014,11213,75812,86215,24917,03016,78216,525

* 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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