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Seamec Overview

SEAMEC Ltd offers diving support vessel (DSV) based diving offerings. The Company is engaged in offshore and shipping enterprise. It offers offshore oilfields support offerings thru its multi aid diving vessels. Its support offerings comprises marine, creation and diving offerings to offshore oilfields in India and overseas. Its geographical segments consist of Domestic and Overseas. It focuses on vessel control, marine management, dive support, fire fighting, subsea construction, remotely operated underwater vehicle support, pipelaying, rescue...Read More

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Seamec Key Financials

Market Cap ₹3877 Cr.

Stock P/E 44.1

P/B 3.3

Current Price ₹1524.9

Book Value ₹ 461.9

Face Value 10

52W High ₹1588.7

Dividend Yield 0%

52W Low ₹ 753

Seamec Share Price

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Volume
Price

Seamec Quarterly Price

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Seamec Peer Comparison

Seamec Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 84 213 236 215 88 149 200 211 97 317
Other Income 14 6 3 8 22 -10 10 20 10 14
Total Income 98 219 240 223 110 139 210 231 107 331
Total Expenditure 68 123 149 142 72 105 118 114 90 181
Operating Profit 30 96 90 81 38 34 91 117 18 150
Interest 11 4 5 4 4 3 4 4 5 6
Depreciation 33 34 35 32 32 34 33 34 38 36
Exceptional Income / Expenses 0 0 0 9 0 0 0 0 0 0
Profit Before Tax -14 58 50 53 2 -3 54 79 -25 108
Provision for Tax 0 2 -3 3 2 1 13 3 1 8
Profit After Tax -14 56 53 50 0 -3 41 76 -26 100
Adjustments -0 -0 -0 -0 -0 -0 2 -0 -2 -0
Profit After Adjustments -15 56 53 50 0 -3 43 76 -27 100
Adjusted Earnings Per Share -5.8 22.1 20.7 19.6 0 -1.3 16.9 29.8 -10.8 39.2

Seamec Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 350 328 208 194 314 384 257 350 437 729 652 825
Other Income 104 24 19 20 30 30 39 46 20 29 30 54
Total Income 454 352 226 213 343 414 296 396 457 758 682 879
Total Expenditure 280 293 320 160 202 215 189 220 310 486 438 503
Operating Profit 174 60 -94 53 142 199 107 176 147 272 245 376
Interest 1 1 3 1 4 6 6 7 7 17 16 19
Depreciation 45 47 48 49 52 55 57 84 112 135 131 141
Exceptional Income / Expenses 0 0 0 0 0 0 62 0 0 0 9 0
Profit Before Tax 128 11 -145 3 86 139 106 85 28 120 107 216
Provision for Tax 6 6 4 2 4 5 7 1 -6 -1 19 25
Profit After Tax 122 5 -149 1 82 133 99 84 34 121 88 191
Adjustments 0 0 0 0 0 0 -0 -0 -1 -1 2 0
Profit After Adjustments 122 5 -149 1 82 133 99 83 33 120 90 192
Adjusted Earnings Per Share 36 2.1 -58.6 0.4 32.2 52.4 38.8 32.7 13 47.1 35.2 75.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -11% 23% 11% 6%
Operating Profit CAGR -10% 12% 4% 3%
PAT CAGR -27% 2% -8% -3%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 58% 33% 30% 33%
ROE Average 9% 9% 11% 8%
ROCE Average 10% 9% 11% 9%

Seamec Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 590 492 342 343 430 561 662 748 790 911 1008
Minority's Interest 0 0 0 0 0 0 2 3 1 1 -1
Borrowings 0 0 0 0 38 50 35 72 47 182 121
Other Non-Current Liabilities 15 21 5 7 20 50 52 52 18 32 50
Total Current Liabilities 89 157 159 136 177 187 115 103 207 280 219
Total Liabilities 694 669 506 487 664 848 867 978 1064 1406 1395
Fixed Assets 217 174 206 168 236 248 291 411 585 717 655
Other Non-Current Assets 39 78 67 85 161 253 312 285 166 161 372
Total Current Assets 436 417 233 228 268 348 260 283 314 452 368
Total Assets 694 669 506 487 664 848 867 978 1064 1406 1395

Seamec Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 87 19 5 -1 -6 -25 20 -13 0 7 -17
Cash Flow from Operating Activities 91 11 13 29 97 234 106 94 53 150 299
Cash Flow from Investing Activities -172 70 -2 -20 -169 -193 -125 -127 -5 -318 -165
Cash Flow from Financing Activities 13 -96 -11 -2 48 6 -22 43 -42 142 -112
Net Cash Inflow / Outflow -69 -15 -0 7 -24 47 -40 10 7 -26 22
Closing Cash & Cash Equivalent 19 5 5 6 -25 20 -13 0 7 -17 5

Seamec Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 35.99 2.12 -58.55 0.39 32.19 52.41 38.77 32.73 12.98 47.08 35.25
CEPS(Rs) 49.4 20.78 -39.67 19.64 52.61 73.88 61.1 65.91 57.24 100.47 85.95
DPS(Rs) 1 0 0 0 0 1 1 0 0 1 0
Book NAV/Share(Rs) 174.02 193.48 134.36 134.99 169.01 220.7 260.41 294.38 310.85 358.48 396.41
Core EBITDA Margin(%) 20.2 10.76 -54.18 17.16 35.71 44.03 26.32 37.12 29 33.32 32.86
EBIT Margin(%) 36.82 3.68 -68.22 2.09 28.61 37.59 43.6 26.29 7.96 18.79 18.85
Pre Tax Margin(%) 36.53 3.4 -69.73 1.54 27.32 36.11 41.37 24.26 6.31 16.46 16.39
PAT Margin (%) 34.81 1.64 -71.72 0.52 26.09 34.69 38.47 23.94 7.68 16.54 13.49
Cash Profit Margin (%) 47.78 16.11 -48.59 25.79 42.64 48.91 60.49 47.93 33.29 35.03 33.53
ROA(%) 19.4 0.79 -25.34 0.2 14.23 17.62 11.52 9.07 3.29 9.77 6.28
ROE(%) 23.01 1 -35.72 0.29 21.18 26.9 16.15 11.87 4.36 14.18 9.16
ROCE(%) 24.05 2.15 -32.2 1.14 21.06 25.43 16.16 11.33 3.87 12.77 10.08
Receivable days 142.22 173.08 259.66 213.22 163.34 151.54 166.57 61.77 60.68 83.46 108.33
Inventory Days 21.71 20.36 31.97 29.25 17.19 15.56 26.83 24.97 28.72 23.9 27.28
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 2.4 31.6 0 479.32 13.25 5.03 11.4 40.84 46.02 22.73 27.6
Price/Book(x) 0.5 0.35 0.64 1.4 2.52 1.19 1.7 4.54 1.92 2.99 2.45
Dividend Yield(%) 1.16 0 0 0 0 0.38 0.23 0 0 0.09 0
EV/Net Sales(x) 0.1 0.12 0.67 2.16 3.49 1.86 4.62 10 3.43 3.96 3.9
EV/Core EBITDA(x) 0.21 0.64 -1.48 7.89 7.73 3.59 11.11 19.89 10.23 10.64 10.4
Net Sales Growth(%) -14.06 -6.44 -36.7 -6.73 62.03 22.44 -33.14 36.15 25.06 66.79 -10.62
EBIT Growth(%) 4227.63 -90.65 -1273.43 102.86 2117.09 60.9 -22.47 -17.89 -62.14 293.81 -10.35
PAT Growth(%) 6008.38 -95.59 -2863.91 100.67 8069.06 62.79 -25.87 -15.26 -59.9 259.46 -27.14
EPS Growth(%) 6008.82 -94.11 -2863.89 100.67 8069.06 62.79 -26.03 -15.58 -60.33 262.68 -25.14
Debt/Equity(x) 0.02 0.06 0.05 0.02 0.17 0.13 0.14 0.16 0.17 0.34 0.21
Current Ratio(x) 4.9 2.66 1.47 1.67 1.51 1.86 2.26 2.74 1.52 1.61 1.68
Quick Ratio(x) 4.71 2.54 1.36 1.57 1.43 1.77 2.08 2.47 1.32 1.42 1.49
Interest Cover(x) 126.52 13.26 -45.17 3.77 22.18 25.28 19.59 12.9 4.84 8.06 7.67
Total Debt/Mcap(x) 0.04 0.17 0.08 0.02 0.07 0.11 0.08 0.04 0.09 0.11 0.09

Seamec Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 72.04 72.04 72.31 72.31 72.31 72.31 72.31 72.72 72.72 72.72
FII 3.05 3.15 3.8 4.08 3.44 3.05 3.25 3.61 3.35 3.73
DII 1.8 5.41 5.04 6.24 6.49 6.65 6.2 3.76 4.1 4.5
Public 23.11 19.39 18.85 17.37 17.77 17.99 18.25 19.9 19.83 19.04
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Seamec News

Seamec Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 9% over the last 3 years.
  • Stock is trading at 3.3 times its book value.
  • The company has delivered a poor profit growth of -7% over past five years.
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