SEAMECLTD

Seamec Limited

Offshore oil & gas support vessels including diving support vessels

Services›Services›Transport Services›Shipping

seamec.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹1588.70
Market cap
4,039 Cr
Stock P/E
15.7
P/B
3.10
Dividend yield
0.1%
ROE (FY26)
19.3%
ROCE (FY26)
17.8%
Operating margin (FY26)
25.5%
Debt / equity (FY26)
0.25
OCF / EBITDA (FY26)
80.4%
OCF / EBITDA (3Y)
90.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Seamec owns and charters out offshore support vessels, mainly diving support vessels used for subsea inspection, maintenance and construction, to oil and gas companies such as ONGC and L&T, mostly in India with some work overseas.

Company snapshot

4thBy market cap

Ranked among 6 companies in Shipping.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 88.8% of revenue

SegmentRevenue shareRevenuePBTAssets
Domestic
88.8%
133 Cr19 Cr1,333 Cr
Exceptional Item gain or loss—0 Cr0.03 Cr0 Cr
Overseas
11.2%
17 Cr-14 Cr0 Cr

What we see

Positives
  • ✓Net margin of 26.6% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales84 Cr213 Cr236 Cr215 Cr88 Cr149 Cr200 Cr211 Cr97 Cr317 Cr327 Cr297 Cr
Operating expenses (approx.)68 Cr123 Cr149 Cr142 Cr72 Cr105 Cr118 Cr114 Cr90 Cr181 Cr168 Cr173 Cr
EBITDA16 Cr91 Cr87 Cr73 Cr15 Cr44 Cr81 Cr97 Cr8 Cr136 Cr159 Cr124 Cr
OPM %19.2%42.5%36.9%33.9%17.6%29.6%40.7%45.9%8.0%42.8%48.7%41.7%
Other income14 Cr6 Cr3 Cr8 Cr22 Cr-10 Cr10 Cr20 Cr10 Cr14 Cr3 Cr20 Cr
Interest11 Cr4 Cr5 Cr4 Cr4 Cr3 Cr4 Cr4 Cr5 Cr6 Cr6 Cr5 Cr
Depreciation33 Cr34 Cr35 Cr32 Cr32 Cr34 Cr33 Cr34 Cr38 Cr36 Cr49 Cr50 Cr
Profit before tax-14 Cr58 Cr50 Cr53 Cr2 Cr-3 Cr54 Cr79 Cr-25 Cr108 Cr107 Cr89 Cr
Tax %-1.5%2.8%-5.3%6.5%93.0%-24.7%23.7%4.1%-2.4%7.5%3.5%9.1%
Net profit-14 Cr56 Cr53 Cr50 Cr0.16 Cr-3 Cr41 Cr76 Cr-26 Cr100 Cr104 Cr81 Cr
EPS (₹)₹-5.69₹22.18₹20.72₹19.61₹0.04₹-1.31₹16.91₹29.80₹-10.81₹39.18₹40.70₹31.95

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales208 Cr194 Cr314 Cr384 Cr257 Cr350 Cr437 Cr729 Cr652 Cr952 CrSign in free for the trailing twelve months
Operating expenses (approx.)322 Cr161 Cr202 Cr216 Cr190 Cr221 Cr311 Cr487 Cr438 Cr553 CrSign in free for the trailing twelve months
EBITDA-114 Cr33 Cr111 Cr168 Cr67 Cr129 Cr126 Cr242 Cr214 Cr400 CrSign in free for the trailing twelve months
OPM %-55.1%16.9%35.5%43.9%26.0%36.9%28.9%33.2%32.8%42.0%Sign in free for the trailing twelve months
Other income19 Cr20 Cr30 Cr30 Cr39 Cr46 Cr20 Cr29 Cr30 Cr48 CrSign in free for the trailing twelve months
Interest1 Cr0.65 Cr3 Cr5 Cr5 Cr6 Cr7 Cr16 Cr15 Cr21 CrSign in free for the trailing twelve months
Depreciation48 Cr49 Cr52 Cr55 Cr57 Cr84 Cr112 Cr135 Cr131 Cr157 CrSign in free for the trailing twelve months
Profit before tax-145 Cr3 Cr86 Cr139 Cr106 Cr85 Cr28 Cr120 Cr107 Cr269 CrSign in free for the trailing twelve months
Tax %-2.9%66.3%4.5%3.9%7.0%1.3%-21.6%-0.5%17.7%5.8%Sign in free for the trailing twelve months
Net profit-149 Cr1 Cr82 Cr133 Cr99 Cr84 Cr34 Cr121 Cr88 Cr254 CrSign in free for the trailing twelve months
EPS (₹)₹-58.55₹0.39₹32.19₹52.41₹38.85₹32.92₹13.00₹47.08₹35.25₹98.87Sign in free for the trailing twelve months
Dividend payout %————5.2%0.0%0.0%2.1%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr25 Cr
Reserves316 Cr318 Cr404 Cr536 Cr637 Cr723 Cr765 Cr886 Cr982 Cr1,276 Cr
Borrowings18 Cr7 Cr65 Cr59 Cr76 Cr123 Cr137 Cr307 Cr212 Cr328 Cr
Other liabilities143 Cr132 Cr159 Cr220 Cr119 Cr97 Cr136 Cr188 Cr161 Cr229 Cr
Total liabilities503 Cr483 Cr654 Cr839 Cr859 Cr971 Cr1,064 Cr1,407 Cr1,379 Cr1,861 Cr
Fixed assets (net)206 Cr168 Cr236 Cr248 Cr291 Cr411 Cr585 Cr702 Cr640 Cr881 Cr
CWIP1 Cr0.17 Cr0 Cr1 Cr0.02 Cr2 Cr0 Cr0.57 Cr0 Cr0 Cr
Investments35 Cr61 Cr117 Cr179 Cr223 Cr269 Cr131 Cr123 Cr333 Cr367 Cr
Inventories17 Cr14 Cr15 Cr18 Cr20 Cr28 Cr41 Cr54 Cr43 Cr56 Cr
Trade receivables109 Cr117 Cr163 Cr156 Cr79 Cr40 Cr106 Cr228 Cr159 Cr312 Cr
Cash & bank4 Cr1 Cr2 Cr28 Cr28 Cr24 Cr79 Cr56 Cr36 Cr77 Cr
Other assets131 Cr120 Cr121 Cr210 Cr219 Cr198 Cr123 Cr245 Cr169 Cr168 Cr
Total assets503 Cr483 Cr654 Cr839 Cr859 Cr971 Cr1,064 Cr1,407 Cr1,379 Cr1,861 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity13 Cr29 Cr97 Cr233 Cr106 Cr161 Cr53 Cr150 Cr299 Cr321 Cr
Cash from investing-2 Cr-20 Cr-169 Cr-192 Cr-119 Cr-194 Cr-5 Cr-318 Cr-165 Cr-392 Cr
Cash from financing-11 Cr-11 Cr48 Cr6 Cr-27 Cr43 Cr-42 Cr142 Cr-112 Cr94 Cr
Net cash flow-0.23 Cr-3 Cr-24 Cr47 Cr-33 Cr13 Cr7 Cr-25 Cr22 Cr23 Cr
Free cash flow (OCF − Capex)-66 Cr11 Cr-22 Cr174 Cr4 Cr-44 Cr-239 Cr-172 Cr245 Cr-58 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-39.9%1.0%18.0%23.2%15.0%10.4%3.7%11.2%10.0%17.8%
ROE %-43.6%0.3%19.0%23.7%14.8%11.5%4.2%13.1%8.9%19.3%
Debtor days191221190148112418811489119
Inventory days29271817292934272421
Days payable208191143143502550563022
Cash conversion cycle125764229145728583118
OCF / EBITDA %—89.4%86.9%138.6%159.4%125.0%42.1%61.9%139.7%80.4%
OCF / EBITDA % (3 years)——466.5%115.0%126.0%137.6%99.6%73.3%86.2%90.0%
Debt / equity0.050.020.150.100.110.160.170.340.210.25
Current ratio1.471.671.511.862.262.801.521.611.681.89
Net debt / EBITDA—0.180.570.180.720.770.461.040.820.63