Seamec logo

Seamec

SEAMECLTD NSE

Key Fundamentals

MicrocapShippingTransport Services
Market Cap
₹4,551 Cr
Volatility
High Risk
P/E Ratio
17.71
EBITDA
₹447 Cr
Return on Equity
19.44%
Debt to Equity
0.27
Book Value
₹511.9
EPS
₹53.39
52W High
₹1,828.9
52W Low
₹771.75

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 46.0% CAGR over last 5 years

Weaknesses

2
  • Stock is trading at 3.49 times its book value
  • Tax rate seems low

Growth Rate

Revenue Growth
46.58% higher than 3Y
Net Income Growth
188% higher than 3Y
Cash Flow Change
7.63% lower than 3Y
ROE
123% higher than 3Y
ROCE
77.32% higher than 3Y
EBITDA Margin (Avg.)
24.99% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk medium

SEAMEC Ltd is a services sector company with a market cap of ₹3,622 Cr, trading at a PE of 14.4x and PB of 2.8x. The company has delivered exceptional profit growth of 230% TTM and 106% CAGR over 3 years, while its stock has appreciated 64% over the last year. Revenue growth has been strong at 46% TTM, though valuation and sustainability of growth remain key considerations.

Bull Case 8
  • Exceptional profit growth of 230% TTM indicates a strong earnings inflection and operational leverage
  • Compounded profit CAGR of 106% over 3 years demonstrates sustained and accelerating earnings momentum
  • TTM sales growth of 46% signals robust demand and improving revenue visibility in the services segment
  • ROE has expanded sharply to 22% last year from a 5-year average of 12%, reflecting improving capital efficiency
  • PE of 14.4x is moderate relative to the 230% TTM profit growth, suggesting earnings are being delivered at a reasonable valuation multiple
  • 5-year compounded sales growth of 30% CAGR indicates a structural growth trajectory beyond short-term cyclicality
  • Stock CAGR of 25% over 5 years and 30% over 10 years shows consistent long-term wealth creation
  • Company is expected to deliver a good upcoming quarter, suggesting near-term earnings momentum may continue
Bear Case 8
  • Stock is trading at 2.8x book value, which is elevated for a services company and may limit further re-rating potential
  • Tax rate appears low, which may not be sustainable and could compress future net profits if normalized
  • Dividend yield of only 0.07% indicates negligible shareholder returns through dividends despite strong profitability
  • Stock has already appreciated 64% in the last 1 year, raising the risk of mean reversion or profit-booking
  • 10-year sales CAGR of only 11% versus recent 46% TTM growth suggests the current acceleration may be cyclical rather than structural
  • ROE averaged only 10% over 10 years, indicating the current 22% ROE may not be sustainable through a full business cycle
  • Key financial data points such as debt-to-equity, EPS, and ROCE are unavailable, limiting visibility into balance sheet risk and capital allocation efficiency
  • 52-week high and low data are unavailable, making it difficult to assess current price relative to its trading range

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Headwinds 3
  • Stock crashes 15.49% on high volume Jun 17

    SEAMEC crashed 15.49% to ₹1,332.75 on June 17 with 16,122 shares traded vs 10,542 average, indicating heavy selling pressure despite strong fundamentals.

  • Vessel off hire due to defect Jun 15

    SEAMEC AGASTYA taken off hire from June 15 due to technical defect, temporarily reducing fleet utilization and revenue generation capacity.

  • SEAMEC Paladin held up in Dubai Jul 2

    Vessel SEAMEC PALADIN arrived in India on July 2 after being delayed in Dubai; redeployment with ONGC expected in ~15 days, implying weeks of lost revenue.

Positives 4
  • FY26 net profit surges 180% Jun 17

    Full-year net profit rose 180.51% to ₹251.39 crore in FY26 vs ₹89.62 crore prior year, with sales up 46.12% to ₹952.46 crore.

  • Q3 FY26 profit jumps 141% Jun 17

    Q3 FY26 net profit surged 140.76% QoQ to ₹103.48 crore with sales rising 63.85% YoY to ₹327.07 crore.

  • ₹741 crore in new ONGC contracts Jun 17

    Won ₹329.92 crore contract for vessel Samudra Prabha and ₹410.74 crore for Samudra Sevak, both for ONGC operation and maintenance services for 2026-2028.

  • SEAMEC Agastya resumes operations Jun 23

    Vessel SEAMEC AGASTYA resumed operations on June 23 after technical redressal, restoring fleet capacity within 8 days of going off hire.

Neutral 2
  • Analyst meet on Jun 24-25 Jun 19

    SEAMEC will hold analyst meetings on June 24-25, 2026, covering publicly available information.

  • Choice Virtual Conference attendance Jun 8

    Management participated in InsightX 2026 Choice Virtual Conference on June 11, 2026 under SEBI Regulation 30.

TL;DR: SEAMEC delivered exceptional FY26 results with 180% profit growth and secured ₹741 crore in new ONGC contracts, demonstrating strong operational momentum. However, the stock saw a sharp 15.49% single-day crash and faces near-term risks from vessel downtime and delays. The Agastya's quick return to service is encouraging, but the Paladin delay adds short-term revenue uncertainty. Trend remains fundamentally positive with robust order book, though price volatility suggests the market is repricing expectations.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
212
84
213
236
215
88
149
200
211
97
317
327
297
Expenses
164
68
123
149
142
72
105
118
114
90
181
168
173
Operating Profit
48
16
91
87
73
15
44
81
97
8
136
159
124
OPM %
23%
19%
42%
37%
34%
18%
30%
41%
46%
8%
43%
49%
42%
Other Income
13
7
6
3
17
22
-10
10
20
10
14
3
20
Interest
2
4
4
5
4
4
3
4
4
5
6
6
5
Depreciation
32
33
34
35
32
32
34
33
34
38
36
49
50
PBT
26
-14
58
50
53
2
-3
54
79
-25
108
107
89
Tax %
1%
1%
3%
-5%
6%
93%
25%
24%
4%
2%
8%
3%
9%
Net Profit
26
-14
56
53
50
0
-3
41
76
-26
100
104
81
EPS in Rs
10.07
-5.81
22.09
20.72
19.61
0.04
-1.31
16.9
29.8
-10.81
39.18
40.7
31.94
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
350
328
208
194
314
384
257
350
437
729
652
952
1,038
Expenses
280
293
320
160
202
215
189
220
310
486
438
552
612
Operating Profit
71
35
-112
33
112
169
68
130
127
243
214
400
427
OPM %
20%
11%
-54%
17%
36%
44%
26%
37%
29%
33%
33%
42%
41%
Other Income
104
24
19
20
30
30
101
46
20
29
39
48
48
Interest
1
1
3
1
4
6
6
7
7
17
16
21
22
Depreciation
45
47
48
49
52
55
57
84
112
135
131
157
173
PBT
128
11
-145
3
86
139
106
85
28
120
107
269
280
Tax %
5%
52%
3%
66%
4%
4%
7%
1%
-22%
-1%
18%
6%
—
Net Profit
122
5
-149
1
82
133
99
84
34
121
88
254
259
EPS in Rs
35.99
2.12
-58.55
0.39
32.19
52.41
38.76
32.73
12.98
47.08
35.25
98.88
101
Div. Payout %
3%
0%
0%
0%
0%
2%
3%
0%
0%
2%
0%
2%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
34
25
25
25
25
25
25
25
25
25
25
25
Reserves
556
467
316
318
404
536
637
723
765
886
982
1,276
Borrowings
13
28
18
7
72
73
96
127
139
327
231
353
Other Liabilities
76
129
143
132
152
206
101
95
135
169
141
206
Total Liabilities
679
649
503
483
654
839
859
971
1,064
1,407
1,379
1,861
Fixed Assets
217
174
206
168
236
248
291
411
585
717
655
897
CWIP
0
0
1
0
0
1
0
2
0
1
0
0
Investments
7
31
35
61
117
179
222
269
131
123
333
367
Other Assets
455
444
261
253
301
412
346
289
348
566
391
597
Total Assets
679
649
503
483
654
839
859
971
1,064
1,407
1,379
1,861
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
91
11
13
29
97
234
106
94
53
150
299
321
Investing
-172
70
-1
-20
-165
-194
-117
-124
-5
-316
-165
-392
Financing
12
-96
-11
-2
48
6
-22
43
-42
142
-112
94
Net Cash Flow
-68
-15
0
7
-19
45
-33
13
7
-25
22
23
Free Cash Flow
151
-7
-63
12
-17
175
4
-101
-205
-172
329
-58
CFO/OP
130
55
-28
101
89
140
162
77
39
63
148
83
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
130
208
191
221
190
148
112
41
88
114
89
120
Cash Conversion Cycle
130
208
191
221
190
148
112
41
88
114
89
120
Working Capital Days
73
112
-42
15
7
119
172
163
-40
18
5
33
ROCE %
10%
2%
-32%
1%
21%
25%
7%
10%
3%
12%
9%
20%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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62 extracted metrics + investor summaries across FY11–FY26.

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Shareholding Pattern

DIIs4.38%Govt.0.02%Promot.72.72%FIIs5.93%Others6.59%Public10.36%As ofJun 2026

Documents

Frequently Asked Questions about Seamec

What does SEAMEC Ltd do?
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-f...
Where is SEAMEC Ltd (SEAMECLTD) listed?
SEAMEC Ltd trades as SEAMECLTD on the NSE and under code 526807 on the BSE.
Which sector does SEAMEC Ltd belong to?
SEAMEC Ltd is classified under the Services sector, in the Transport Services industry.
What is the market capitalisation of SEAMEC Ltd?
SEAMEC Ltd has a market capitalisation of ₹4,551 Cr, which places it in the Small Cap band.
What is the PE ratio of SEAMEC Ltd?
SEAMEC Ltd trades at a PE ratio of 17.71, on earnings per share of ₹53.39, against a book value of ₹511.9 per share.
What is the 52-week high and low of SEAMEC Ltd?
Over the last 52 weeks SEAMEC Ltd has traded between ₹771.75 and ₹1,828.9.
Does SEAMEC Ltd pay dividends?
SEAMEC Ltd has a dividend yield of 0.11%.
What is the Return on Equity (ROE) of SEAMEC Ltd?
SEAMEC Ltd reported a return on equity of 19.44%. Its debt-to-equity ratio is 0.27.

Company Information

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]

Website seamec.in
CEO Mr. Vinay Kumar Agarwal
Employees 68
Listed 1995-06-28
Face Value ₹ 10
Issued Size 2,54,25,000

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