Seamec Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Multi Support Vessels: 100.0%
AI Sector View
AI GENERATEDServices
Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.
PROS
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.00x)
- Working capital cycle has improved - days down from 132 to 57
- Company comfortably covers its interest (10.6x coverage)
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- A large part of profit comes from other income (31.4% of PBT)
- Company has delivered a poor profit growth of -2.3% over past five years
- Operating margins have contracted to 35.9% from 50.1%
- Effective tax rate is unusually low at 14.0% - earnings may be flattered
- Debtor days have increased from 90 to 113
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GESHIP | 1393.70 | 5.31 | 19897.46 | 2.52 | 1308.84 | 159.43 | 2005.36 | 66.91 | 18.37 | 66.71 |
| SCI | 287.30 | 8.27 | 13382.41 | 2.61 | 619.34 | 74.87 | 1846.56 | 40.31 | 14.64 | 45.35 |
| SHREEJISPG | 712.65 | 72.67 | 11610.37 | 0.00 | 44.29 | 19.03 | 208.85 | 29.57 | 33.77 | 29.54 |
| SEAMECLTD | 1772.50 | 17.55 | 4506.58 | 0.11 | 81.34 | 7.32 | 296.92 | 40.77 | 10.08 | 41.74 |
| DREDGECORP | 1042.30 | 77.73 | 2918.44 | 0.00 | 11.23 | 148.16 | 355.43 | 46.72 | 4.28 | 17.41 |
| SCILAL | 38.41 | 62.78 | 1789.13 | 1.43 | 140.20 | -2.23 | 78.60 | 37.65 | 1.31 | -13.74 |
| ESSARSHPNG | 16.05 | 3.65 | 332.20 | 0.00 | 230.41 | 742.14 | 0.04 | -97.63 | 0.00 | -7475.00 |
| GLOBOFFS | 44.47 | 0.00 | 136.84 | 0.00 | -2.87 | -51.27 | 11.79 | 177.29 | 4.19 | 35.10 |
| HRYNSHP | 99.50 | 14.87 | 61.36 | 0.00 | 4.42 | 546.41 | 0.00 | — | 3.20 | — |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 195 | 67 | 197 | 223 | 205 | 78 | 140 | 194 | 201 | 82 | 303 | 315 | 283 | |
| 147 | 46 | 111 | 129 | 132 | 65 | 96 | 103 | 107 | 82 | 173 | 178 | 213 | |
| Operating Profit | 48 | 21 | 86 | 94 | 74 | 13 | 44 | 92 | 94 | 0 | 130 | 137 | 70 |
| OPM % | 24.48% | 31.70% | 43.49% | 41.99% | 35.83% | 16.12% | 31.27% | 47.12% | 46.76% | 0.17% | 42.98% | 43.40% | 24.77% |
| 25 | 10 | 8 | 11 | 13 | 24 | -8 | 13 | 21 | 9 | 13 | 2 | 19 | |
| Interest | 1 | 3 | 3 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 6 | 5 | 4 |
| Depreciation | 26 | 26 | 26 | 28 | 28 | 28 | 30 | 30 | 30 | 30 | 29 | 42 | 43 |
| Profit before Tax | 45 | 2 | 65 | 73 | 55 | 5 | 3 | 72 | 83 | -25 | 110 | 91 | 89 |
| Tax % | 0.00% | 0.00% | 2.27% | -3.69% | 6.27% | 40.16% | 21.88% | 17.75% | 3.92% | -4.28% | 7.46% | 4.09% | 9.08% |
| Net Profit | 45 | 2 | 63 | 76 | 51 | 3 | 2 | 59 | 80 | -26 | 101 | 87 | 81 |
| 17.85 | 0.80 | 24.84 | 29.86 | 20.24 | 1.20 | 0.88 | 23.13 | 31.31 | -10.16 | 39.85 | 34.30 | 31.92 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 328 | 208 | 194 | 304 | 365 | 229 | 294 | 399 | 666 | 617 | 984 | |
| 291 | 320 | 160 | 200 | 213 | 176 | 191 | 283 | 417 | 396 | 647 | |
| Operating Profit | 37 | -112 | 33 | 103 | 153 | 53 | 103 | 116 | 249 | 222 | 337 |
| OPM % | 11.23% | -53.92% | 17.29% | 34.01% | 41.81% | 23.32% | 35.05% | 29.07% | 37.41% | 35.93% | 34.28% |
| 23 | 18 | 19 | 27 | 30 | 96 | 44 | 15 | 54 | 42 | 43 | |
| Interest | 1 | 3 | 1 | 1 | 2 | 1 | 4 | 4 | 12 | 14 | 18 |
| Depreciation | 47 | 48 | 49 | 48 | 46 | 43 | 66 | 93 | 106 | 116 | 144 |
| Profit before Tax | 12 | -145 | 2 | 81 | 136 | 105 | 77 | 35 | 185 | 134 | 265 |
| Tax % | 50.04% | -2.84% | 87.11% | 4.78% | 4.01% | 7.10% | 1.45% | -17.28% | -0.66% | 13.99% | 7.95% |
| Net Profit | 6 | -150 | 0 | 77 | 130 | 98 | 76 | 41 | 187 | 116 | 244 |
| EPS | 1.87 | -58.84 | 0.11 | 30.17 | 51.18 | 38.40 | 29.79 | 16.23 | 73.39 | 45.45 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 1.95% | 2.60% | 0.00% | 0.00% | 1.36% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 6%
- 5 Years:
- 11%
- 3 Years:
- 28%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 8%
- 5 Years:
- -2%
- 3 Years:
- 15%
STOCK PRICE CAGR
- 10 Years:
- 36%
- 5 Years:
- 13%
- 3 Years:
- 41%
- 1 Year:
- 92%
RETURN ON EQUITY
- 10 Years:
- 9%
- 5 Years:
- 15%
- 3 Years:
- 14%
- Last Year:
- 12%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| 395 | 245 | 245 | 322 | 452 | 545 | 620 | 662 | 846 | 961 | |
| 28 | 18 | 7 | 4 | 6 | 4 | 51 | 38 | 193 | 138 | |
| Trade Payables | 114 | 118 | 102 | 123 | 150 | 33 | 20 | 56 | 91 | 48 |
| 35 | 28 | 34 | 29 | 26 | 35 | 53 | 71 | 87 | 139 | |
| Total Liabilities | 597 | 434 | 414 | 504 | 659 | 642 | 770 | 852 | 1,242 | 1,311 |
| 174 | 206 | 168 | 157 | 134 | 143 | 273 | 470 | 415 | 354 | |
| Capital Work in Progress | 0 | 1 | 0 | 0 | 1 | 0 | 2 | 0 | 1 | 0 |
| 34 | 37 | 45 | 97 | 180 | 227 | 274 | 161 | 226 | 476 | |
| 20 | 17 | 14 | 15 | 18 | 17 | 27 | 37 | 44 | 40 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 223 | 159 | |
| Cash & Bank | 88 | 24 | 14 | 2 | 22 | 20 | 19 | 57 | 52 | 49 |
| 282 | 148 | 172 | 233 | 304 | 235 | 176 | 127 | 282 | 233 | |
| Total Assets | 597 | 434 | 414 | 504 | 659 | 642 | 770 | 852 | 1,242 | 1,311 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 17 | 33 | 35 | 91 | 192 | 89 | 137 | 93 | 166 | 425 | |
| Cash from Investing | 74 | -4 | -22 | -84 | -162 | -85 | -191 | -45 | -320 | -387 |
| Cash from Financing | -96 | -11 | -14 | -1 | -3 | -2 | 59 | -14 | 149 | -61 |
| -14 | -1 | -5 | 4 | 24 | -2 | -1 | 38 | -5 | -23 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-10 - Seamec Limited has informed the Exchange about General Updates on Intimation of Onhire of Vessel SEAMEC AGASTYA
2026-09-09 - Seamec Limited has informed the Exchange about General Updates on Completion of Dry Docking of ONGC's Vessel SAMUDRA SEVAK.
2026-09-09 - Seamec Limited has informed the Exchange about General Updates - Intimation of Off hire of Vessel "SEAMEC AGASTYA"
2026-09-07 - Seamec Limited has informed the Exchange about Schedule of meet
2026-09-06 - Seamec Limited has informed the Exchange about General Updates on Intimation of Deployment Status of Vessel "SEAMEC SWORDFISH"
2026-09-02 - Seamec Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-01 - Seamec Limited has informed the Exchange about Business Responsibility and Sustainability Reporting for FY 2025-26
2026-09-01 - Seamec Limited has informed the Exchange about Shareholders meeting
2026-08-31 - Seamec Limited has informed the Exchange about Schedule of meet
News
Recent coverage and analyst commentary for SEAMECLTD
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Seamec Ltd.
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