SEAMEC Ltd
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]
- Market Cap ₹ 2,285 Cr.
- Current Price ₹ 899
- High / Low ₹ 1,425 / 753
- Stock P/E 19.8
- Book Value ₹ 396
- Dividend Yield 0.00 %
- ROCE 8.60 %
- ROE 7.93 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Company has a low return on equity of 8.63% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 408 | 350 | 328 | 208 | 194 | 314 | 384 | 257 | 350 | 437 | 729 | 652 | 648 | |
| 368 | 280 | 293 | 320 | 160 | 202 | 215 | 189 | 220 | 310 | 486 | 438 | 410 | |
| Operating Profit | 40 | 71 | 35 | -112 | 33 | 112 | 169 | 68 | 130 | 127 | 243 | 214 | 238 |
| OPM % | 10% | 20% | 11% | -54% | 17% | 36% | 44% | 26% | 37% | 29% | 33% | 33% | 37% |
| 13 | 104 | 24 | 19 | 20 | 30 | 30 | 101 | 46 | 20 | 29 | 39 | 42 | |
| Interest | 1 | 1 | 1 | 3 | 1 | 4 | 6 | 6 | 7 | 7 | 17 | 16 | 15 |
| Depreciation | 50 | 45 | 47 | 48 | 49 | 52 | 55 | 57 | 84 | 112 | 135 | 131 | 133 |
| Profit before tax | 2 | 128 | 11 | -145 | 3 | 86 | 139 | 106 | 85 | 28 | 120 | 107 | 132 |
| 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 | 114 | |
| 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 | 45.43 |
| 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: | -14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | -11% |
| 3 Years: | 1% |
| TTM: | -15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 18% |
| 3 Years: | -7% |
| 1 Year: | -35% |
| 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 | 73 | 112 | -42 | 15 | 7 | 119 | 166 | 163 | -40 | 18 | 5 |
| ROCE % | 1% | 10% | 2% | -32% | 1% | 21% | 25% | 7% | 10% | 3% | 12% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
11h - Addendum shifts MV GOODMAN delivery to 1–7 Nov 2025; 45-day charter, value unchanged with HAL Offshore.
- Proceedings Of The Postal Ballot Concluded On October 30, 2025 1d
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
1d - Oct 30, 2025: Shareholders approved enhanced monetary cap for charter hire/diving transactions with HAL Offshore Limited.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 1d
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General - Updates
28 Oct - MoU with Directorate General of Shipping for ~Rs.1000 crore investment, dated October 28, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024TranscriptPPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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.