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 ₹ 2,571 Cr.
- Current Price ₹ 1,011
- High / Low ₹ 1,236 / 753
- Stock P/E 29.2
- Book Value ₹ 423
- Dividend Yield 0.00 %
- ROCE 8.60 %
- ROE 7.93 %
- Face Value ₹ 10.0
Pros
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 | 657 | |
| 368 | 280 | 293 | 320 | 160 | 202 | 215 | 189 | 220 | 310 | 486 | 438 | 427 | |
| Operating Profit | 40 | 71 | 35 | -112 | 33 | 112 | 169 | 68 | 130 | 127 | 243 | 214 | 230 |
| OPM % | 10% | 20% | 11% | -54% | 17% | 36% | 44% | 26% | 37% | 29% | 33% | 33% | 35% |
| 13 | 104 | 24 | 19 | 20 | 30 | 30 | 101 | 46 | 20 | 29 | 39 | 30 | |
| Interest | 1 | 1 | 1 | 3 | 1 | 4 | 6 | 6 | 7 | 7 | 17 | 16 | 16 |
| Depreciation | 50 | 45 | 47 | 48 | 49 | 52 | 55 | 57 | 84 | 112 | 135 | 131 | 139 |
| Profit before tax | 2 | 128 | 11 | -145 | 3 | 86 | 139 | 106 | 85 | 28 | 120 | 107 | 105 |
| 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 | 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 | 34.58 |
| 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: | -13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | -11% |
| 3 Years: | 1% |
| TTM: | -42% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 19% |
| 3 Years: | 2% |
| 1 Year: | -15% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 34 | 34 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 437 | 556 | 467 | 316 | 318 | 404 | 536 | 637 | 723 | 765 | 886 | 982 | 1,049 |
| 0 | 13 | 28 | 18 | 7 | 72 | 73 | 89 | 127 | 139 | 327 | 231 | 405 | |
| 79 | 76 | 129 | 143 | 132 | 152 | 206 | 108 | 95 | 135 | 169 | 141 | 144 | |
| Total Liabilities | 549 | 679 | 649 | 503 | 483 | 654 | 839 | 859 | 971 | 1,064 | 1,407 | 1,379 | 1,624 |
| 233 | 217 | 174 | 206 | 168 | 236 | 248 | 291 | 411 | 585 | 717 | 655 | 693 | |
| CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 2 | 0 | 1 | 0 | 208 |
| Investments | 0 | 7 | 31 | 35 | 61 | 117 | 179 | 222 | 269 | 131 | 123 | 333 | 309 |
| 317 | 455 | 444 | 261 | 253 | 301 | 412 | 346 | 289 | 348 | 566 | 391 | 414 | |
| Total Assets | 549 | 679 | 649 | 503 | 483 | 654 | 839 | 859 | 971 | 1,064 | 1,407 | 1,379 | 1,624 |
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
1d - Related-party charter of MSV SEAMEC AGASTYA to HAL Offshore at US$25,000/day; ~US$43.07m value for four-year balance.
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Intimation Of Deployment Status Of Vessel "MV GOODMAN And Completion Of ONGC NLM9 Project
2 Dec - MV GOODMAN off-hired effective Dec 2, 2025 0006 hrs after ONGC NLM9 completed early.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
27 Nov - Participation of the Officials of the Company in the Road Show hosted by B&K Securities to interact with Investors / Analysts in Person on 2nd …
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Intimation Of Onhire Of Vessel "MV GOODMAN"
24 Nov - MV GOODMAN hired effective 22 Nov 2025 14:00 after repairs.
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Intimation Of Onhire Of Vessel "MV GOODMAN"
24 Nov - HAL vessel MV GOODMAN redeployed on hire from 22 Nov 2025 14:00 hrs after repairs.
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 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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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024TranscriptPPT
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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.