SEAMEC Ltd

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

SEAMEC Ltd

₹ 1,101 -4.47%
21 Nov - 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 ₹ 2,799 Cr.
  • Current Price ₹ 1,101
  • High / Low ₹ 1,670 / 882
  • Stock P/E 14.5
  • Book Value ₹ 364
  • Dividend Yield 0.09 %
  • ROCE 19.7 %
  • ROE 22.0 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 3.02 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 13.6% over last 3 years.
  • Debtor days have increased from 88.3 to 122 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: Miscellaneous Industry: Miscellaneous

Part of BSE Allcap BSE SmallCap BSE Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
67.36 94.60 69.01 111.20 75.40 95.05 117.37 194.60 67.38 196.83 223.15 205.22 77.67
40.98 46.38 62.12 77.18 41.13 73.74 91.28 146.97 46.02 111.23 129.45 131.68 65.15
Operating Profit 26.38 48.22 6.89 34.02 34.27 21.31 26.09 47.63 21.36 85.60 93.70 73.54 12.52
OPM % 39.16% 50.97% 9.98% 30.59% 45.45% 22.42% 22.23% 24.48% 31.70% 43.49% 41.99% 35.83% 16.12%
14.36 7.35 11.59 4.52 12.18 0.87 -2.10 25.06 9.59 8.39 11.13 12.61 24.04
Interest 0.70 0.63 1.90 0.98 1.11 1.10 0.10 1.33 3.05 3.11 3.85 3.64 3.43
Depreciation 16.49 17.95 19.58 20.03 27.28 18.38 26.98 25.97 25.86 26.25 27.75 27.61 28.05
Profit before tax 23.55 36.99 -3.00 17.53 18.06 2.70 -3.09 45.39 2.04 64.63 73.23 54.90 5.08
Tax % 5.69% 0.92% -77.33% -10.67% 11.02% -136.67% -81.23% 0.00% 0.00% 2.27% -3.69% 6.27% 40.16%
22.21 36.65 -0.68 19.40 16.07 6.39 -0.58 45.39 2.04 63.16 75.93 51.46 3.04
EPS in Rs 8.74 14.41 -0.27 7.63 6.32 2.51 -0.23 17.85 0.80 24.84 29.86 20.24 1.20
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
337 408 350 328 208 194 304 365 229 294 399 666 703
283 380 288 291 320 160 200 213 176 191 283 417 438
Operating Profit 54 28 61 37 -112 33 103 153 53 103 116 249 265
OPM % 16% 7% 18% 11% -54% 17% 34% 42% 23% 35% 29% 37% 38%
23 15 36 23 18 19 26 30 96 44 15 54 56
Interest 0 1 1 1 3 1 1 2 1 4 4 12 14
Depreciation 37 38 37 47 48 49 48 46 43 66 93 106 110
Profit before tax 40 5 60 12 -145 2 81 136 105 77 35 185 198
Tax % 15% 80% 10% 50% 3% 87% 5% 4% 7% 1% -17% -1%
34 1 54 6 -150 0 77 130 98 76 41 187 194
EPS in Rs 10.06 0.31 15.94 2.27 -58.84 0.11 30.17 51.18 38.40 29.79 16.24 73.39 76.14
Dividend Payout % 0% 0% 6% 0% 0% 0% 0% 2% 3% 0% 6% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 17%
3 Years: 43%
TTM: 48%
Compounded Profit Growth
10 Years: 66%
5 Years: 18%
3 Years: 68%
TTM: 381%
Stock Price CAGR
10 Years: 25%
5 Years: 18%
3 Years: 1%
1 Year: 25%
Return on Equity
10 Years: 9%
5 Years: 15%
3 Years: 14%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 34 34 34 25 25 25 25 25 25 25 25 25 25
Reserves 437 438 488 395 245 245 322 452 545 620 662 846 900
0 0 13 28 18 7 3 0 6 67 55 243 220
71 75 76 129 143 132 143 173 58 49 111 130 81
Total Liabilities 542 547 611 577 431 410 494 650 634 762 852 1,245 1,226
197 177 216 174 206 168 157 134 143 273 470 415 372
CWIP 0 0 0 0 1 0 0 1 0 2 0 1 10
Investments 3 3 10 34 37 45 97 180 227 274 161 226 414
342 367 385 369 187 197 240 335 265 213 221 603 429
Total Assets 542 547 611 577 431 410 494 650 634 762 852 1,245 1,226

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
55 30 136 8 14 30 89 189 85 131 97 166
-44 17 -216 74 -4 -22 -84 -162 -85 -191 -45 -320
-0 -0 13 -96 -11 -14 -1 -3 -2 59 -14 149
Net Cash Flow 11 46 -68 -13 -1 -5 4 24 -2 -1 38 -5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 142 133 130 208 191 221 196 153 122 47 96 122
Inventory Days
Days Payable
Cash Conversion Cycle 142 133 130 208 191 221 196 153 122 47 96 122
Working Capital Days 119 105 86 142 -11 29 49 78 177 175 39 131
ROCE % 9% 1% 10% 3% -39% 1% 26% 33% 8% 11% 5% 20%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.04% 72.04% 72.04% 72.05% 72.05% 72.05% 72.05% 72.05% 72.05% 72.05% 72.31% 72.31%
2.59% 2.60% 2.65% 2.80% 2.82% 2.84% 2.65% 2.65% 3.05% 3.15% 3.81% 4.08%
0.03% 0.03% 0.03% 0.03% 0.01% 0.01% 0.00% 0.00% 1.78% 5.38% 5.01% 6.22%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
25.31% 25.31% 25.26% 25.11% 25.10% 25.07% 25.29% 25.29% 23.11% 19.39% 18.85% 17.37%
No. of Shareholders 10,91612,31211,83111,43010,58111,39912,82014,11213,75812,86215,24917,030

* 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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