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Last Updated on: 14 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

SEAMEC Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 10, 2024, 7:16 am

Market Cap 3,373 Cr.
Current Price 1,327
High / Low1,670/822
Stock P/E24.8
Book Value 358
Dividend Yield0.08 %
ROCE12.5 %
ROE13.8 %
Face Value 10.0
PEG Ratio-11.69

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for SEAMEC Ltd

Competitors of SEAMEC Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Chowgule Steamships Ltd 95.3 Cr. 26.236.5/13.5272 15.70.00 %3.05 %% 10.0
Great Eastern Shipping Company Ltd (GESHIP) 15,854 Cr. 1,1121,544/7705.60 9452.59 %18.5 %21.0 % 10.0
Shreyas Shipping & Logistics Ltd 782 Cr. 356440/230 3490.00 %3.91 %11.3 % 10.0
Shipping Corporation of India Ltd 9,691 Cr. 208385/1329.46 1730.24 %7.68 %8.75 % 10.0
SEAMEC Ltd 3,373 Cr. 1,3271,670/82224.8 3580.08 %12.5 %13.8 % 10.0
Industry Average6,096.40 Cr511.1777.97329.450.49%42.27%13.71%10.00

All Competitor Stocks of SEAMEC Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales977382110851258510112619584213236
Expenses67524753698348819914768123149
Operating Profit30213557164337202748169187
OPM %31%28%43%52%19%34%44%20%21%25%19%42%37%
Other Income711157135152-113763
Interest1121322212445
Depreciation18172122242531243132333435
Profit before tax1914274132119-5-726-145850
Tax %5%12%5%1%-92%-9%10%69%34%1%-1%3%-5%
Net Profit1813264052317-2-526-145653
EPS in Rs6.944.9610.1115.781.878.916.67-0.70-1.9010.09-5.8122.0920.72

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales337408350328208194314384257350437729
Expenses264368280293320160202215189220310486
Operating Profit74407135-1123311216968130127243
OPM %22%10%20%11%-54%17%36%44%26%37%29%33%
Other Income21131042419203030101462029
Interest1111314667717
Depreciation47504547484952555784112135
Profit before tax46212811-1453861391068528120
Tax %13%203%5%52%3%66%4%4%7%1%-22%-1%
Net Profit40-21225-149182133998434121
EPS in Rs11.92-0.6135.992.12-58.550.3932.1952.4138.7632.7312.9847.08
Dividend Payout %0%0%3%0%0%0%0%2%3%0%8%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-105.00%6200.00%-95.90%-3080.00%100.67%8100.00%62.20%-25.56%-15.15%-59.52%255.88%
Change in YoY Net Profit Growth (%)0.00%6305.00%-6295.90%-2984.10%3180.67%7999.33%-8037.80%-87.76%10.41%-44.37%315.41%

SEAMEC Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:18%
3 Years:42%
TTM:44%
Compounded Profit Growth
10 Years:50%
5 Years:8%
3 Years:47%
TTM:3006%
Stock Price CAGR
10 Years:26%
5 Years:20%
3 Years:3%
1 Year:37%
Return on Equity
10 Years:7%
5 Years:11%
3 Years:10%
Last Year:14%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:42 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital34343425252525252525252525
Reserves440437556467316318404536637723765886939
Borrowings001328187727396127139327248
Other Liabilities64797612914313215220610195135169104
Total Liabilities5375496796495034836548398599711,0641,4071,317
Fixed Assets257233217174206168236248291411585717681
CWIP00001001020110
Investments007313561117179222269131123272
Other Assets280317455444261253301412346289348566354
Total Assets5375496796495034836548398599711,0641,4071,317

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +502991111329972331069453150
Cash from Investing Activity +-3616-17270-1-20-165-194-117-124-5-316
Cash from Financing Activity +-0-012-96-11-2486-2243-42142
Net Cash Flow1345-68-1507-1945-33137-25

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow74.0040.0058.007.00-130.0026.0040.0096.00-28.003.00-12.00-84.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days1421331302081912211901481124188114
Inventory Days
Days Payable
Cash Conversion Cycle1421331302081912211901481124188114
Working Capital Days1159787144-1029391272522193681
ROCE %10%1%10%2%-32%1%21%25%7%10%3%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters72.04%72.04%72.04%72.05%72.05%72.05%72.05%72.05%72.05%72.05%72.31%72.31%
FIIs2.59%2.60%2.65%2.80%2.82%2.84%2.65%2.65%3.05%3.15%3.81%4.08%
DIIs0.03%0.03%0.03%0.03%0.01%0.01%0.00%0.00%1.78%5.38%5.01%6.22%
Government0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public25.31%25.31%25.26%25.11%25.10%25.07%25.29%25.29%23.11%19.39%18.85%17.37%
No. of Shareholders10,91612,31211,83111,43010,58111,39912,82014,11213,75812,86215,24917,030

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund911,4790.2295.33911,4792024-11-130%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)47.0813.2032.9238.8552.41
Diluted EPS (Rs.)47.0813.2032.9238.8552.41
Cash EPS (Rs.)100.4757.2465.9161.1073.88
Book Value[Excl.RevalReserv]/Share (Rs.)358.86311.32295.46261.33220.69
Book Value[Incl.RevalReserv]/Share (Rs.)358.86311.32295.46261.33220.69
Revenue From Operations / Share (Rs.)286.84171.97137.51101.00151.07
PBDIT / Share (Rs.)106.6257.5768.8741.6078.02
PBIT / Share (Rs.)53.6013.5335.8819.3556.54
PBT / Share (Rs.)47.2110.8633.3541.7854.55
Net Profit / Share (Rs.)47.4513.2032.9238.8552.41
NP After MI And SOA / Share (Rs.)47.0812.9832.7338.7752.41
PBDIT Margin (%)37.1633.4750.0841.1851.64
PBIT Margin (%)18.687.8626.0919.1537.42
PBT Margin (%)16.456.3124.2541.3736.10
Net Profit Margin (%)16.547.6723.9438.4634.69
NP After MI And SOA Margin (%)16.417.5423.8038.3834.69
Return on Networth / Equity (%)13.134.1711.1114.8823.74
Return on Capital Employeed (%)12.084.0110.476.6122.03
Return On Assets (%)8.503.108.5711.4715.87
Long Term Debt / Equity (X)0.190.050.090.050.08
Total Debt / Equity (X)0.330.170.160.110.10
Asset Turnover Ratio (%)0.590.430.360.310.56
Current Ratio (X)1.881.522.802.291.86
Quick Ratio (X)1.691.322.522.121.77
Dividend Payout Ratio (NP) (%)2.120.000.005.150.00
Dividend Payout Ratio (CP) (%)0.990.000.003.270.00
Earning Retention Ratio (%)97.880.000.0094.850.00
Cash Earning Retention Ratio (%)99.010.000.0096.730.00
Interest Coverage Ratio (X)16.6821.5427.2521.8339.15
Interest Coverage Ratio (Post Tax) (X)8.425.9414.028.6227.30
Enterprise Value (Cr.)2892.331502.533499.801173.80700.81
EV / Net Operating Revenue (X)3.973.4410.014.571.82
EV / EBITDA (X)10.6710.2619.9911.103.53
MarketCap / Net Operating Revenue (X)3.733.479.724.371.75
Retention Ratios (%)97.870.000.0094.840.00
Price / BV (X)2.981.924.541.701.19
Price / Net Operating Revenue (X)3.733.479.724.371.75
EarningsYield0.040.020.020.080.19

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of SEAMEC Ltd as of November 14, 2024 is: 1,226.20

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 14, 2024, SEAMEC Ltd is Overvalued by 7.60% compared to the current share price 1,327.00

Intrinsic Value of SEAMEC Ltd as of November 14, 2024 is: 1,200.18

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 14, 2024, SEAMEC Ltd is Overvalued by 9.56% compared to the current share price 1,327.00

Last 5 Year EPS CAGR: -2.12%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (571.08 cr) compared to borrowings (88.31 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (358.00 cr) and profit (50.75 cr) over the years.
  1. The stock has a low average ROCE of 5.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 101.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 143.17, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in SEAMEC Ltd:
    1. Net Profit Margin: 16.54%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 12.08% (Industry Average ROCE: 42.27%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 13.13% (Industry Average ROE: 13.71%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 8.42
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.69
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 24.8 (Industry average Stock P/E: 77.97)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.33
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Seamec Ltd. is a Public Limited Listed company incorporated on 29/12/1986 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L63032MH1986PLC154910 and registration number is 154910. Currently Company is involved in the business activities of Services incidental to off shore oil extraction. Company’s Total Operating Revenue is Rs. 293.52 Cr. and Equity Capital is Rs. 25.43 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
ShippingA 901-905, 9th Floor, 215 Atrium, Mumbai Maharashtra 400093contact@seamec.in
http://www.seamec.in
Management
NamePosition Held
Mr. Sanjeev AgrawalChairman
Mr. Naveen MohtaWhole Time Director
Mr. Surinder Singh KohliIndependent Director
Mrs. Ruby SrivastavaIndependent Director
Mr. Raghav ChandraIndependent Director
Mr. Subrat DasDirector

FAQ

What is the latest intrinsic value of SEAMEC Ltd?

The latest intrinsic value of SEAMEC Ltd as on 14 November 2024 is ₹1226.20, which is 7.60% lower than the current market price of ₹1,327.00.

What is the Market Cap of SEAMEC Ltd?

The Market Cap of SEAMEC Ltd is 3,373 Cr..

What is the current Stock Price of SEAMEC Ltd as on 14 November 2024?

The current stock price of SEAMEC Ltd as on 14 November 2024 is ₹1,327.

What is the High / Low of SEAMEC Ltd stocks in FY 2024?

In FY 2024, the High / Low of SEAMEC Ltd stocks is 1,670/822.

What is the Stock P/E of SEAMEC Ltd?

The Stock P/E of SEAMEC Ltd is 24.8.

What is the Book Value of SEAMEC Ltd?

The Book Value of SEAMEC Ltd is 358.

What is the Dividend Yield of SEAMEC Ltd?

The Dividend Yield of SEAMEC Ltd is 0.08 %.

What is the ROCE of SEAMEC Ltd?

The ROCE of SEAMEC Ltd is 12.5 %.

What is the ROE of SEAMEC Ltd?

The ROE of SEAMEC Ltd is 13.8 %.

What is the Face Value of SEAMEC Ltd?

The Face Value of SEAMEC Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in SEAMEC Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE