Whalesbook
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]
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.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | GE Shipping Co | 1105.00 | 8.84 | 15775.77 | 2.69 | 581.41 | 28.01 | 1241.78 | -8.32 | 13.86 | 4903.16 | 50.65 | 1784.46 | 581.41 | 1.04 | 10.90 | 0.08 |
| 2. | S C I | 228.42 | 13.23 | 10639.80 | 2.89 | 189.16 | -35.09 | 1338.87 | -7.71 | 9.81 | 5295.70 | 30.54 | 803.99 | 189.16 | 1.25 | 7.02 | 0.33 |
| 3. | Shreeji Ship. Gl | 341.40 | 41.10 | 5562.03 | 0.00 | 42.70 | 32.19 | 162.19 | 11.30 | 33.65 | 607.61 | 32.83 | 124.93 | 42.71 | 7.79 | 18.25 | 0.30 |
| 4. | SEAMEC Ltd | 987.85 | 21.87 | 2511.61 | 0.00 | -25.84 | -950.00 | 82.41 | 6.10 | 12.26 | 618.28 | 37.15 | 114.84 | -25.84 | 2.41 | 8.59 | 0.33 |
| 5. | Essar Shipping | 28.29 | 11.22 | 585.54 | 0.00 | -15.65 | -130.75 | 0.01 | -99.99 | – | -138.39 | -33.60 | 52.20 | -21.15 | – | -0.91 | – |
| 6. | ABS Marine | 205.25 | 10.03 | 503.89 | 0.00 | 31.33 | 291.78 | 136.04 | 69.94 | 14.20 | 235.84 | 37.27 | 50.22 | 30.99 | 1.93 | 8.81 | 1.34 |
| 7. | Transworld Shipp | 178.47 | 118.05 | 391.92 | 0.84 | -9.16 | -160.34 | 98.09 | -21.35 | 6.83 | 420.63 | 26.88 | 3.32 | -12.84 | 0.51 | 3.66 | 0.38 |
| – | Median: 9 Co. | 205.25 | 12.87 | 585.54 | 0.0 | 4.17 | -8.35 | 98.09 | -7.16 | 12.86 | 420.63 | 32.83 | 52.2 | 4.17 | 1.43 | 7.02 | 0.35 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 75 | 95 | 117 | 195 | 67 | 197 | 223 | 205 | 78 | 140 | 194 | 201 | 82 |
Expenses | 41 | 74 | 91 | 147 | 46 | 111 | 129 | 132 | 65 | 96 | 103 | 107 | 82 |
Operating Profit | 34 | 21 | 26 | 48 | 21 | 86 | 94 | 74 | 13 | 44 | 92 | 94 | 0 |
Other Income | 12 | 1 | -2 | 25 | 10 | 8 | 11 | 13 | 24 | -8 | 13 | 21 | 9 |
Profit before tax | 18 | 3 | -3 | 45 | 2 | 65 | 73 | 55 | 5 | 3 | 72 | 83 | -25 |
Tax % | 11% | -137% | -81% | 0% | 0% | 2% | -4% | 6% | 40% | 22% | 18% | 4% | 4% |
Net Profit | 16 | 6 | -1 | 45 | 2 | 63 | 76 | 51 | 3 | 2 | 59 | 80 | -26 |
EPS in Rs | 6.32 | 2.51 | -0.23 | 17.85 | 0.80 | 24.84 | 29.86 | 20.24 | 1.20 | 0.88 | 23.13 | 31.31 | -10.16 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 408 | 350 | 328 | 208 | 194 | 304 | 365 | 229 | 294 | 399 | 666 | 617 | 618 |
Expenses | 380 | 288 | 291 | 320 | 160 | 200 | 213 | 176 | 191 | 283 | 417 | 396 | 389 |
Operating Profit | 28 | 61 | 37 | -112 | 33 | 103 | 153 | 53 | 103 | 116 | 249 | 222 | 230 |
Other Income | 15 | 36 | 23 | 18 | 19 | 26 | 30 | 96 | 44 | 15 | 54 | 42 | 36 |
Interest | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 1 | 4 | 4 | 12 | 14 | 13 |
Depreciation | 38 | 37 | 47 | 48 | 49 | 48 | 46 | 43 | 66 | 93 | 106 | 116 | 120 |
Profit before tax | 5 | 60 | 12 | -145 | 2 | 81 | 136 | 105 | 77 | 35 | 185 | 134 | 132 |
Net Profit | 1 | 54 | 6 | -150 | 0 | 77 | 130 | 98 | 76 | 41 | 187 | 116 | 115 |
EPS in Rs | 0.31 | 15.94 | 2.27 | -58.84 | 0.11 | 30.17 | 51.18 | 38.40 | 29.79 | 16.24 | 73.39 | 45.45 | 45.16 |
Dividend Payout % | 0% | 6% | 0% | 0% | 0% | 0% | 2% | 3% | 0% | 0% | 1% | 0% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 34 | 34 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
Reserves | 438 | 488 | 395 | 245 | 245 | 322 | 452 | 545 | 620 | 662 | 846 | 961 | 1,015 |
Borrowings | 0 | 13 | 28 | 18 | 7 | 3 | 0 | 6 | 67 | 55 | 243 | 196 | 342 |
Other Liabilities | 75 | 76 | 129 | 143 | 132 | 143 | 173 | 58 | 49 | 111 | 130 | 112 | 89 |
Total Liabilities | 547 | 611 | 577 | 431 | 410 | 494 | 650 | 634 | 762 | 852 | 1,245 | 1,295 | 1,472 |
Fixed Assets | 177 | 216 | 174 | 206 | 168 | 157 | 134 | 143 | 273 | 470 | 415 | 354 | 312 |
Gross Block | 494.70 | 561.71 | 220.39 | 299.66 | 298.57 | 334.95 | 357.97 | 362.77 | 560.07 | 849.32 | 874.40 | 929.43 | – |
Accumulated Depreciation | 318.05 | 345.38 | 46.83 | 93.61 | 130.09 | 178.17 | 224.05 | 220.22 | 286.64 | 379.22 | 459.35 | 575.09 | – |
CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 2 | 0 | 1 | 0 | 208 |
Investments | 3 | 10 | 34 | 37 | 45 | 97 | 180 | 227 | 274 | 161 | 226 | 476 | 656 |
Other Assets | 367 | 385 | 369 | 187 | 197 | 240 | 335 | 265 | 213 | 221 | 603 | 465 | 296 |
Total Assets | 547 | 611 | 577 | 431 | 410 | 494 | 650 | 634 | 762 | 852 | 1,245 | 1,295 | 1,472 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 30 | 136 | 8 | 14 | 30 | 89 | 189 | 85 | 131 | 97 | 166 | 425 |
Cash from Investing Activity | 17 | -216 | 74 | -4 | -22 | -84 | -162 | -85 | -191 | -45 | -320 | -387 |
Cash from Financing Activity | -0 | 13 | -96 | -11 | -14 | -1 | -3 | -2 | 59 | -14 | 149 | -61 |
Net Cash Flow | 46 | -68 | -13 | -1 | -5 | 4 | 24 | -2 | -1 | 38 | -5 | -23 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 133 | 130 | 208 | 191 | 221 | 196 | 153 | 122 | 47 | 96 | 122 | 94 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 133 | 130 | 208 | 191 | 221 | 196 | 153 | 122 | 47 | 96 | 122 | 94 |
Working Capital Days | 105 | 73 | 110 | -42 | 15 | 45 | 78 | 173 | 155 | 24 | 104 | 28 |
ROCE % | 1% | 10% | 3% | -39% | 1% | 26% | 33% | 8% | 11% | 5% | 20% | 12% |
Direct from BSE filings, auto-summarised
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