SEAMEC Ltd

SEAMEC Ltd

₹ 1,206 6.13%
24 Jun - close price
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 Segment FY23

  • Market Cap 3,066 Cr.
  • Current Price 1,206
  • High / Low 1,257 / 607
  • Stock P/E 25.6
  • Book Value 358
  • Dividend Yield 0.08 %
  • ROCE 12.6 %
  • ROE 14.1 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 112 days to 81.1 days

Cons

  • Stock is trading at 3.36 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 9.58% over last 3 years.
  • Debtor days have increased from 81.2 to 114 days.

* 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
97 73 82 110 85 125 85 101 126 195 84 213 236
67 52 47 53 69 83 48 81 99 147 68 123 149
Operating Profit 30 21 35 57 16 43 37 20 27 48 16 91 87
OPM % 31% 28% 43% 52% 19% 34% 44% 20% 21% 25% 19% 42% 37%
7 11 15 7 13 5 15 2 -1 13 7 6 3
Interest 1 1 2 1 3 2 2 2 1 2 4 4 5
Depreciation 18 17 21 22 24 25 31 24 31 32 33 34 35
Profit before tax 19 14 27 41 3 21 19 -5 -7 26 -14 58 50
Tax % 5% 12% 5% 1% -92% -9% 10% 69% 34% 1% -1% 3% -5%
18 13 26 40 5 23 17 -2 -5 26 -14 56 53
EPS in Rs 6.94 4.96 10.11 15.78 1.87 8.91 6.67 -0.70 -1.90 10.09 -5.81 22.09 20.72
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
337 408 350 328 208 194 314 384 257 350 437 729
264 368 280 293 320 160 202 215 189 220 310 487
Operating Profit 74 40 71 35 -112 33 112 169 68 130 127 242
OPM % 22% 10% 20% 11% -54% 17% 36% 44% 26% 37% 29% 33%
21 13 104 24 19 20 30 30 101 46 20 29
Interest 1 1 1 1 3 1 4 6 6 7 7 16
Depreciation 47 50 45 47 48 49 52 55 57 84 112 135
Profit before tax 46 2 128 11 -145 3 86 139 106 85 28 120
Tax % 13% 203% 5% 52% -3% 66% 4% 4% 7% 1% -22% -1%
40 -2 122 5 -149 1 82 133 99 84 34 121
EPS in Rs 11.92 -0.61 35.99 2.12 -58.55 0.39 32.19 52.41 38.76 32.73 12.98 47.08
Dividend Payout % 0% 0% 3% 0% 0% 0% 0% 2% 3% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 18%
3 Years: 42%
TTM: 67%
Compounded Profit Growth
10 Years: 51%
5 Years: 8%
3 Years: 48%
TTM: 318%
Stock Price CAGR
10 Years: 26%
5 Years: 20%
3 Years: 34%
1 Year: 91%
Return on Equity
10 Years: 7%
5 Years: 11%
3 Years: 10%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 34 34 34 25 25 25 25 25 25 25 25 25
Reserves 440 437 556 467 316 318 404 536 637 723 765 886
0 0 13 28 18 7 72 73 96 127 139 327
64 79 76 129 143 132 152 206 101 95 135 169
Total Liabilities 537 549 679 649 503 483 654 839 859 971 1,064 1,407
257 233 217 174 206 168 236 248 291 411 585 718
CWIP 0 0 0 0 1 0 0 1 0 2 0 1
Investments 0 0 7 31 35 61 117 179 222 269 131 123
280 317 455 444 261 253 301 412 346 289 348 566
Total Assets 537 549 679 649 503 483 654 839 859 971 1,064 1,407

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
50 29 91 11 13 29 97 234 106 94 53 150
-36 16 -172 70 -1 -20 -165 -194 -117 -124 -5 -318
-0 -0 12 -96 -11 -2 48 6 -22 43 -42 142
Net Cash Flow 13 45 -68 -15 0 7 -19 45 -33 13 7 -26

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 142 133 130 208 191 221 190 148 112 41 88 114
Inventory Days
Days Payable
Cash Conversion Cycle 142 133 130 208 191 221 190 148 112 41 88 114
Working Capital Days 115 97 87 144 -10 29 39 127 252 219 36 81
ROCE % 10% 1% 10% 2% -32% 1% 21% 25% 7% 10% 3%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.04% 72.04% 72.04% 72.04% 72.04% 72.05% 72.05% 72.05% 72.05% 72.05% 72.05% 72.05%
2.34% 2.57% 2.59% 2.60% 2.65% 2.80% 2.82% 2.84% 2.65% 2.65% 3.05% 3.15%
0.05% 0.03% 0.03% 0.03% 0.03% 0.03% 0.01% 0.01% 0.00% 0.00% 1.78% 5.38%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
25.55% 25.33% 25.31% 25.31% 25.26% 25.11% 25.10% 25.07% 25.29% 25.29% 23.11% 19.39%
No. of Shareholders 10,49910,98610,91612,31211,83111,43010,58111,39912,82014,11213,75812,862

* 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