SEAMEC Ltd

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

SEAMEC Ltd

₹ 669 2.04%
05 Jun 3:19 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

Offshore Shipping Segment
The Co. has a reputed name in the offshore shipping industry for operation in Oilfield services and Diving Support Vessels (DSV) in India and abroad.
Its vessels fleet includes :-
SEAMEC II
SEAMEC III
SEAMEC PRINCESS
SEAMEC PALADIN [1]

Website BSE NSE
  • Market Cap ₹ 1,702 Cr.
  • Current Price ₹ 669
  • High / Low ₹ 1,275 / 562
  • Stock P/E 51.6
  • Book Value ₹ 311
  • Dividend Yield 0.00 %
  • ROCE 3.81 %
  • ROE 4.29 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 169 days to 36.3 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 6.92% over last 3 years.
  • 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.

Peer comparison

Sector: Shipping Industry: Shipping

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
96.21 36.92 58.28 64.73 96.87 72.99 81.82 109.52 85.29 125.40 85.33 100.68 125.84
61.96 38.06 35.60 49.41 67.01 52.31 46.79 52.62 68.82 82.78 48.18 80.90 98.98
Operating Profit 34.25 -1.14 22.68 15.32 29.86 20.68 35.03 56.90 16.47 42.62 37.15 19.78 26.86
OPM % 35.60% -3.09% 38.92% 23.67% 30.82% 28.33% 42.81% 51.95% 19.31% 33.99% 43.54% 19.65% 21.34%
4.96 13.70 7.53 72.40 7.29 11.32 14.58 7.48 12.64 4.60 15.12 1.54 -1.28
Interest 1.24 1.41 1.24 1.35 0.84 0.99 1.51 1.37 2.56 1.70 1.70 2.20 1.20
Depreciation 12.91 11.77 11.72 15.45 17.62 16.55 20.92 22.41 24.00 24.61 31.47 24.47 31.44
Profit before tax 25.06 -0.62 17.25 70.92 18.69 14.46 27.18 40.60 2.55 20.91 19.10 -5.35 -7.06
Tax % 9.22% -429.03% 10.14% 2.99% 4.92% 12.17% 4.93% 0.84% -91.76% -8.99% 10.47% 68.97% 34.28%
Net Profit 22.75 -3.28 15.50 68.80 17.77 12.70 25.84 40.26 4.89 22.79 17.10 -1.66 -4.64
EPS in Rs 8.95 -1.29 6.10 27.02 6.94 4.96 10.11 15.78 1.87 8.91 6.67 -0.70 -1.90
Raw PDF

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
182 337 408 350 328 208 194 314 384 257 350 437
172 264 368 280 293 320 160 202 215 189 220 311
Operating Profit 10 74 40 71 35 -112 33 112 169 68 130 126
OPM % 5% 22% 10% 20% 11% -54% 17% 36% 44% 26% 37% 29%
16 21 13 104 24 19 20 30 30 101 46 20
Interest 0 1 1 1 1 3 1 4 6 6 7 7
Depreciation 34 47 50 45 47 48 49 52 55 57 84 112
Profit before tax -9 46 2 128 11 -145 3 86 139 106 85 28
Tax % -52% 13% 203% 5% 52% -3% 66% 4% 4% 7% 1% -22%
Net Profit -13 40 -2 122 5 -149 1 82 133 99 84 34
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
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: 25%
Compounded Profit Growth
10 Years: -2%
5 Years: 106%
3 Years: -37%
TTM: -56%
Stock Price CAGR
10 Years: 29%
5 Years: 21%
3 Years: 21%
1 Year: -35%
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
34 34 34 34 25 25 25 25 25 25 25 25
Reserves 400 440 437 556 467 316 318 404 536 637 723 765
0 0 0 13 28 18 7 72 73 96 127 139
42 64 79 76 129 143 132 152 206 101 95 135
Total Liabilities 476 537 549 679 649 503 483 654 839 859 971 1,064
298 257 233 217 174 206 168 236 248 291 411 585
CWIP 0 0 0 0 0 1 0 0 1 0 2 0
Investments 0 0 0 7 31 35 61 117 179 222 269 131
177 280 317 455 444 261 253 301 412 346 289 348
Total Assets 476 537 549 679 649 503 483 654 839 859 971 1,064

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% 4%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
71.51 71.96 71.96 71.96 72.04 72.04 72.04 72.04 72.04 72.05 72.05 72.05
2.60 2.60 2.60 0.00 2.34 2.57 2.59 2.60 2.65 2.80 2.82 2.84
0.12 0.12 0.12 0.11 0.05 0.03 0.03 0.03 0.03 0.03 0.01 0.01
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
25.74 25.29 25.29 27.90 25.55 25.33 25.31 25.31 25.26 25.11 25.10 25.07

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings