SEAMEC Ltd

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

SEAMEC Ltd

₹ 1,615 -1.16%
29 May - close price
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 ₹ 4,104 Cr.
  • Current Price ₹ 1,615
  • High / Low ₹ 1,709 / 753
  • Stock P/E 16.3
  • Book Value ₹ 512
  • Dividend Yield 0.00 %
  • ROCE 20.0 %
  • ROE 21.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 46.7% CAGR over last 5 years

Cons

  • Stock is trading at 3.15 times its book value
  • 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.

Peer comparison

Services Services Transport Services Shipping

Part of BSE Services BSE 1000

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
126 212 84 213 236 215 88 149 200 211 97 317 327
99 164 68 123 149 142 72 105 118 114 90 181 168
Operating Profit 27 48 16 91 87 73 15 44 81 97 8 136 159
OPM % 21% 23% 19% 42% 37% 34% 18% 30% 41% 46% 8% 43% 49%
-1 13 7 6 3 17 22 -10 10 20 10 14 3
Interest 1 2 4 4 5 4 4 3 4 4 5 6 6
Depreciation 31 32 33 34 35 32 32 34 33 34 38 36 49
Profit before tax -7 26 -14 58 50 53 2 -3 54 79 -25 108 107
Tax % -34% 1% 1% 3% -5% 6% 93% 25% 24% 4% 2% 8% 3%
-5 26 -14 56 53 50 0 -3 41 76 -26 100 104
EPS in Rs -1.90 10.07 -5.81 22.09 20.72 19.61 0.04 -1.31 16.90 29.80 -10.81 39.18 40.70
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
350 328 208 194 314 384 257 350 437 729 652 952
280 293 320 160 202 215 189 220 310 486 438 553
Operating Profit 71 35 -112 33 112 169 68 130 127 243 214 400
OPM % 20% 11% -54% 17% 36% 44% 26% 37% 29% 33% 33% 42%
104 24 19 20 30 30 101 46 20 29 39 48
Interest 1 1 3 1 4 6 6 7 7 17 16 21
Depreciation 45 47 48 49 52 55 57 84 112 135 131 157
Profit before tax 128 11 -145 3 86 139 106 85 28 120 107 269
Tax % 5% 52% 3% 66% 4% 4% 7% 1% -22% -1% 18% 6%
122 5 -149 1 82 133 99 84 34 121 88 254
EPS in Rs 35.99 2.12 -58.55 0.39 32.19 52.41 38.76 32.73 12.98 47.08 35.25 98.88
Dividend Payout % 3% 0% 0% 0% 0% 2% 3% 0% 0% 2% 0% 2%
Compounded Sales Growth
10 Years: 11%
5 Years: 30%
3 Years: 30%
TTM: 46%
Compounded Profit Growth
10 Years: 47%
5 Years: 47%
3 Years: 106%
TTM: 230%
Stock Price CAGR
10 Years: 33%
5 Years: 26%
3 Years: 33%
1 Year: 78%
Return on Equity
10 Years: 10%
5 Years: 12%
3 Years: 15%
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 556 467 316 318 404 536 637 723 765 886 982 1,276
13 28 18 7 72 73 96 127 139 327 231 353
76 129 143 132 152 206 101 95 135 169 141 206
Total Liabilities 679 649 503 483 654 839 859 971 1,064 1,407 1,379 1,861
217 174 206 168 236 248 291 411 585 717 655 897
CWIP 0 0 1 0 0 1 0 2 0 1 0 0
Investments 7 31 35 61 117 179 222 269 131 123 333 367
455 444 261 253 301 412 346 289 348 566 391 597
Total Assets 679 649 503 483 654 839 859 971 1,064 1,407 1,379 1,861

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
91 11 13 29 97 234 106 94 53 150 299 321
-172 70 -1 -20 -165 -194 -117 -124 -5 -316 -165 -392
12 -96 -11 -2 48 6 -22 43 -42 142 -112 94
Net Cash Flow -68 -15 0 7 -19 45 -33 13 7 -25 22 23
Free Cash Flow 151 -7 -63 12 -17 175 4 -101 -205 -172 329 -58
CFO/OP 130% 55% -28% 101% 89% 140% 162% 77% 39% 63% 148% 84%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 130 208 191 221 190 148 112 41 88 114 89 120
Inventory Days
Days Payable
Cash Conversion Cycle 130 208 191 221 190 148 112 41 88 114 89 120
Working Capital Days 73 112 -42 15 7 119 172 163 -40 18 5 33
ROCE % 10% 2% -32% 1% 21% 25% 7% 10% 3% 12% 9% 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 ・Standalone data
Individual Vessel Deployment - SEAMEC III
Days ・Standalone data
Individual Vessel Deployment - SEAMEC PRINCESS
Days ・Standalone data
Fleet Deployment Utilization
Days ・Standalone data
Regional Deployment - Domestic
Days ・Standalone data
Regional Deployment - Overseas
Days ・Standalone data
Handymax Bulk Carriers (Overseas Subsidiaries)
Number of Vessels
Operating Profit Margin
Percentage ・Standalone data
Trade Receivable Turnover Ratio
Times ・Standalone data

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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Documents

Announcements

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Credit ratings

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