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 ₹ 2,670 Cr.
- Current Price ₹ 1,050
- High / Low ₹ 1,240 / 586
- Stock P/E 42.6
- Book Value ₹ 315
- Dividend Yield 0.10 %
- ROCE 3.35 %
- ROE 3.72 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company's working capital requirements have reduced from 169 days to 36.3 days
Cons
- Stock is trading at 3.33 times its book value
- Tax rate seems low
- Company has a low return on equity of 6.71% over last 3 years.
- Company might be capitalizing the interest cost
- Dividend payout has been low at 0.86% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
182 | 337 | 408 | 350 | 328 | 208 | 194 | 314 | 384 | 257 | 350 | 437 | 619 | |
172 | 264 | 368 | 280 | 293 | 320 | 160 | 202 | 215 | 189 | 220 | 310 | 437 | |
Operating Profit | 10 | 74 | 40 | 71 | 35 | -112 | 33 | 112 | 169 | 68 | 130 | 127 | 182 |
OPM % | 5% | 22% | 10% | 20% | 11% | -54% | 17% | 36% | 44% | 26% | 37% | 29% | 29% |
16 | 21 | 13 | 104 | 24 | 19 | 20 | 30 | 30 | 101 | 46 | 20 | 24 | |
Interest | 0 | 1 | 1 | 1 | 1 | 3 | 1 | 4 | 6 | 6 | 7 | 7 | 12 |
Depreciation | 34 | 47 | 50 | 45 | 47 | 48 | 49 | 52 | 55 | 57 | 84 | 112 | 131 |
Profit before tax | -9 | 46 | 2 | 128 | 11 | -145 | 3 | 86 | 139 | 106 | 85 | 28 | 63 |
Tax % | -52% | 13% | 203% | 5% | 52% | -3% | 66% | 4% | 4% | 7% | 1% | -22% | |
-13 | 40 | -2 | 122 | 5 | -149 | 1 | 82 | 133 | 99 | 84 | 34 | 63 | |
EPS in Rs | -3.89 | 11.92 | -0.61 | 35.99 | 2.12 | -58.55 | 0.39 | 32.19 | 52.41 | 38.76 | 32.73 | 12.98 | 24.47 |
Dividend Payout % | 0% | 0% | 0% | 3% | 0% | 0% | 0% | 0% | 2% | 3% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 18% |
3 Years: | 4% |
TTM: | 56% |
Compounded Profit Growth | |
---|---|
10 Years: | -4% |
5 Years: | 100% |
3 Years: | -40% |
TTM: | 47% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | 17% |
3 Years: | 37% |
1 Year: | 61% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 12% |
3 Years: | 7% |
Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 34 | 34 | 34 | 34 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
Reserves | 400 | 440 | 437 | 556 | 467 | 316 | 318 | 404 | 536 | 637 | 723 | 765 | 777 |
0 | 0 | 0 | 13 | 28 | 18 | 7 | 72 | 73 | 96 | 127 | 139 | 281 | |
42 | 64 | 79 | 76 | 129 | 143 | 132 | 152 | 206 | 101 | 95 | 135 | 94 | |
Total Liabilities | 476 | 537 | 549 | 679 | 649 | 503 | 483 | 654 | 839 | 859 | 971 | 1,064 | 1,177 |
298 | 257 | 233 | 217 | 174 | 206 | 168 | 236 | 248 | 291 | 411 | 585 | 753 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 2 | 0 | 6 |
Investments | 0 | 0 | 0 | 7 | 31 | 35 | 61 | 117 | 179 | 222 | 269 | 131 | 102 |
177 | 280 | 317 | 455 | 444 | 261 | 253 | 301 | 412 | 346 | 289 | 348 | 316 | |
Total Assets | 476 | 537 | 549 | 679 | 649 | 503 | 483 | 654 | 839 | 859 | 971 | 1,064 | 1,177 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-45 | 50 | 29 | 91 | 11 | 13 | 29 | 97 | 234 | 106 | 94 | 53 | |
43 | -36 | 16 | -172 | 70 | -1 | -20 | -165 | -194 | -117 | -124 | -5 | |
0 | -0 | -0 | 12 | -96 | -11 | -2 | 48 | 6 | -22 | 43 | -42 | |
Net Cash Flow | -2 | 13 | 45 | -68 | -15 | 0 | 7 | -19 | 45 | -33 | 13 | 7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 204 | 142 | 133 | 130 | 208 | 191 | 221 | 190 | 148 | 112 | 41 | 88 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 204 | 142 | 133 | 130 | 208 | 191 | 221 | 190 | 148 | 112 | 41 | 88 |
Working Capital Days | 177 | 115 | 97 | 87 | 144 | -10 | 29 | 39 | 127 | 252 | 219 | 36 |
ROCE % | -2% | 10% | 1% | 10% | 2% | -32% | 1% | 21% | 25% | 7% | 10% | 3% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 11 Apr
- Completion Of Sale Of SEAMEC NIDHI 8 Apr
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 6 Apr
- Proceedings Of Postal Ballot Through Remote E-Voting Process 6 Apr
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 6 Apr
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
Business Segment FY23