SEAMEC Ltd

About [ edit ]

SEAMEC is operates Multi Support Vessels for providing support services including marine, construction and diving services to offshore oilfields and bulk carrier vessel for providing bulk carrier services.(Source : 201903 Annual Report Page No:68)

  • Market Cap 1,023 Cr.
  • Current Price 403
  • High / Low 548 / 284
  • Stock P/E 23.4
  • Book Value 225
  • Dividend Yield 0.25 %
  • ROCE 25.4 %
  • ROE 26.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 22.17% CAGR over last 5 years
  • Debtor days have improved from 186.42 to 147.83 days.

Cons

  • Earnings include an other income of Rs.98.59 Cr.

Peer comparison

Sector: Shipping Industry: Shipping

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
62 36 102 114 102 80 106 96 37 58 65
35 44 58 65 52 43 58 62 38 36 49
Operating Profit 27 -8 44 49 50 37 48 34 -1 23 15
OPM % 43% -24% 43% 43% 49% 46% 45% 36% -3% 39% 24%
Other Income 6 8 7 8 10 7 9 5 14 8 72
Interest 0 1 1 1 1 1 1 1 1 1 1
Depreciation 12 13 14 13 14 14 14 13 12 12 15
Profit before tax 21 -14 36 43 45 28 41 25 -1 17 71
Tax % 1% -8% 0% 6% 2% 4% 3% 9% -429% 10% 3%
Net Profit 20 -15 36 40 44 27 40 23 -3 16 69
EPS in Rs 8.06 -5.97 14.30 15.81 17.29 10.55 15.62 8.95 -1.29 6.10 27.06

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
100 182 337 408 350 328 208 194 314 384 256
154 172 264 368 280 293 320 160 202 215 185
Operating Profit -55 10 74 40 71 35 -112 33 112 169 71
OPM % -55% 5% 22% 10% 20% 11% -54% 17% 36% 44% 28%
Other Income 18 16 21 13 104 24 19 20 30 30 99
Interest 0 0 1 1 1 1 3 1 4 6 5
Depreciation 26 34 47 50 45 47 48 49 52 55 52
Profit before tax -64 -9 46 2 128 11 -145 3 86 139 113
Tax % -5% -52% 13% 203% 5% 52% -3% 66% 4% 4%
Net Profit -67 -13 40 -2 122 5 -149 1 82 133 104
EPS in Rs -19.81 -3.89 11.92 -0.61 35.99 2.12 -58.55 0.39 32.19 52.41 40.82
Dividend Payout % 0% 0% 0% 0% 3% 0% 0% 0% 0% 2%
Compounded Sales Growth
10 Years:%
5 Years:2%
3 Years:23%
TTM:-36%
Compounded Profit Growth
10 Years:%
5 Years:22%
3 Years:43%
TTM:-71%
Stock Price CAGR
10 Years:15%
5 Years:36%
3 Years:21%
1 Year:28%
Return on Equity
10 Years:%
5 Years:3%
3 Years:18%
Last Year:27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
34 34 34 34 34 25 25 25 25 25 25
Reserves 413 400 440 437 556 467 316 318 404 536 546
Borrowings 0 0 0 0 13 28 18 7 72 73 48
38 42 64 79 76 129 143 132 152 206 216
Total Liabilities 485 476 537 549 679 649 503 483 654 839 835
202 298 257 233 217 174 206 168 236 248 257
CWIP 10 0 0 0 0 0 1 0 0 1 2
Investments 0 0 0 0 7 31 35 61 117 179 192
273 177 280 317 455 444 261 253 301 412 385
Total Assets 485 476 537 549 679 649 503 483 654 839 835

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-55 -45 50 29 91 11 13 29 97 233
-6 43 -36 16 -172 70 -1 -20 -165 -194
-0 0 -0 -0 12 -96 -11 -2 48 6
Net Cash Flow -62 -2 13 45 -68 -15 0 7 -19 45

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -2% 10% 1% 10% 2% -32% 1% 21% 25%
Debtor Days 141 204 142 133 130 208 191 221 190 148
Inventory Turnover 0.66 0.24 0.33 0.79 1.91 1.10 0.76 0.54 0.68

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
69.57 69.57 69.57 69.57 69.57 70.61 70.83 71.51 71.51 71.96 71.96 71.96
3.29 3.29 3.29 3.29 3.29 3.29 3.29 2.60 2.60 2.60 2.60 0.00
0.45 0.24 0.24 0.15 0.25 0.18 0.13 0.14 0.12 0.12 0.12 0.11
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
26.67 26.88 26.88 26.97 26.87 25.90 25.73 25.72 25.74 25.29 25.29 27.90

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