SEAMEC Ltd

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

SEAMEC Ltd

₹ 1,135 -1.41%
20 Dec - 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 ₹ 2,885 Cr.
  • Current Price ₹ 1,135
  • High / Low ₹ 1,670 / 927
  • Stock P/E 19.2
  • Book Value ₹ 379
  • Dividend Yield 0.09 %
  • ROCE 12.5 %
  • ROE 13.8 %
  • Face Value ₹ 10.0
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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 2.99 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 9.50% 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: Miscellaneous Industry: Miscellaneous

Part of BSE Services BSE SmallCap BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
81.82 109.52 85.29 125.40 85.33 100.68 125.84 211.57 84.43 213.31 236.38 214.99 87.87
46.79 52.62 68.82 82.78 48.18 80.89 98.98 163.56 68.21 122.68 149.08 142.21 72.39
Operating Profit 35.03 56.90 16.47 42.62 37.15 19.79 26.86 48.01 16.22 90.63 87.30 72.78 15.48
OPM % 42.81% 51.95% 19.31% 33.99% 43.54% 19.66% 21.34% 22.69% 19.21% 42.49% 36.93% 33.85% 17.62%
14.58 7.48 12.64 4.60 15.12 1.54 -1.28 12.80 7.15 5.79 3.12 16.60 22.44
Interest 1.51 1.37 2.56 1.70 1.70 2.20 1.20 2.48 4.20 4.49 5.08 3.92 4.03
Depreciation 20.92 22.41 24.00 24.61 31.47 24.47 31.44 32.22 33.42 33.88 35.27 32.05 31.61
Profit before tax 27.18 40.60 2.55 20.91 19.10 -5.34 -7.06 26.11 -14.25 58.05 50.07 53.41 2.28
Tax % 4.93% 0.84% -91.76% -8.99% 10.47% -69.10% -34.28% 0.80% 1.47% 2.81% -5.33% 6.46% 92.98%
25.84 40.26 4.89 22.79 17.10 -1.65 -4.64 25.90 -14.46 56.42 52.74 49.96 0.16
EPS in Rs 10.11 15.78 1.87 8.91 6.67 -0.70 -1.90 10.07 -5.81 22.09 20.72 19.61 0.04
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 TTM
337 408 350 328 208 194 314 384 257 350 437 729 753
264 368 280 293 320 160 202 215 189 220 310 486 486
Operating Profit 74 40 71 35 -112 33 112 169 68 130 127 243 266
OPM % 22% 10% 20% 11% -54% 17% 36% 44% 26% 37% 29% 33% 35%
21 13 104 24 19 20 30 30 101 46 20 29 48
Interest 1 1 1 1 3 1 4 6 6 7 7 17 18
Depreciation 47 50 45 47 48 49 52 55 57 84 112 135 133
Profit before tax 46 2 128 11 -145 3 86 139 106 85 28 120 164
Tax % 13% 203% 5% 52% 3% 66% 4% 4% 7% 1% -22% -1%
40 -2 122 5 -149 1 82 133 99 84 34 121 159
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 62.46
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: 44%
Compounded Profit Growth
10 Years: 50%
5 Years: 8%
3 Years: 47%
TTM: 3006%
Stock Price CAGR
10 Years: 27%
5 Years: 19%
3 Years: 1%
1 Year: 21%
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 Sep 2024
Equity Capital 34 34 34 25 25 25 25 25 25 25 25 25 25
Reserves 440 437 556 467 316 318 404 536 637 723 765 886 939
-0 -0 13 28 18 7 72 73 96 127 139 327 248
64 79 76 129 143 132 152 206 101 95 135 169 104
Total Liabilities 537 549 679 649 503 483 654 839 859 971 1,064 1,407 1,317
257 233 217 174 206 168 236 248 291 411 585 717 681
CWIP 0 0 -0 0 1 0 -0 1 0 2 0 1 10
Investments -0 -0 7 31 35 61 117 179 222 269 131 123 272
280 317 455 444 261 253 301 412 346 289 348 566 354
Total Assets 537 549 679 649 503 483 654 839 859 971 1,064 1,407 1,317

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 97 233 106 94 53 150
-36 16 -172 70 -1 -20 -165 -194 -117 -124 -5 -316
-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 -25

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% 12%

Shareholding Pattern

Numbers in percentages

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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