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Last Updated on: 23 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of SEAMEC Ltd

About the Company - SEAMEC Ltd

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. Surinder Singh KohliDirector
Mrs. Ruby SrivastavaDirector
Mr. Deepak ShettyDirector
Mr. Subrat DasDirector
Mr. Naveen MohtaDirector

Seamec Ltd. Share Price Update

Share PriceValue
Today₹1,149.95
Previous Day₹1,134.25

Basic Stock Data of SEAMEC Ltd

Market Cap 2,861 Cr.
Current Price 1,125
High / Low1,240/562
Stock P/E45.6
Book Value 315
Dividend Yield0.09 %
ROCE3.35 %
ROE3.72 %
Face Value 10.0

Data Source: screener.in

Competitors of SEAMEC Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Shipping Corporation of India Ltd 11,701 Cr. 251291/79.215.6 1530.17 %10.5 %13.4 % 10.0
Shreyas Shipping & Logistics Ltd 600 Cr. 273506/212 3570.53 %18.8 %25.4 % 10.0
Essar Shipping Ltd 615 Cr. 29.739.0/7.53 1300.00 %%% 10.0
Great Eastern Shipping Company Ltd (GESHIP) 13,640 Cr. 9551,044/5325.59 7813.02 %20.9 %26.8 % 10.0
Industry Average309.75 Cr377.185.3355.250.93%12.55%16.4%10

SEAMEC Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales5865977382110851258510112619584
Expenses364967524753698348819914768
Operating Profit23153021355716433720274816
OPM %39%24%31%28%43%52%19%34%44%20%21%25%19%
Other Income872711157135152-11314
Interest11112132221211
Depreciation12151817212224253124313233
Profit before tax17711914274132119-5-726-14
Tax %10%3%5%12%5%1%-92%-9%10%69%34%1%-1%
Net Profit16691813264052317-2-526-14
EPS in Rs6.1027.026.944.9610.1115.781.878.916.67-0.70-1.9010.09-5.81

SEAMEC Ltd Quarterly Chart

SEAMEC Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales182337408350328208194314384257350437506
Expenses172264368280293320160202215189220310395
Operating Profit1074407135-1123311216968130127111
OPM %5%22%10%20%11%-54%17%36%44%26%37%29%22%
Other Income1621131042419203030101462027
Interest01111314667717
Depreciation3447504547484952555784112122
Profit before tax-946212811-1453861391068528-0
Tax %-52%13%203%5%52%-3%66%4%4%7%1%-22%
Net Profit-1340-21225-1491821339984345
EPS in Rs-3.8911.92-0.6135.992.12-58.550.3932.1952.4138.7632.7312.981.68
Dividend Payout %0%0%0%3%0%0%0%0%2%3%0%0%

SEAMEC Ltd Profit & Loss Yearly Chart

SEAMEC Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:18%
3 Years:4%
TTM:56%
Compounded Profit Growth
10 Years:-4%
5 Years:100%
3 Years:-40%
TTM:47%
Stock Price CAGR
10 Years:32%
5 Years:28%
3 Years:33%
1 Year:67%
Return on Equity
10 Years:5%
5 Years:12%
3 Years:7%
Last Year:4%

SEAMEC Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital34343434252525252525252525
Reserves400440437556467316318404536637723765777
Borrowings0001328187727396127139281
Other Liabilities426479761291431321522061019513594
Total Liabilities4765375496796495034836548398599711,0641,177
Fixed Assets298257233217174206168236248291411585753
CWIP0000010010206
Investments0007313561117179222269131102
Other Assets177280317455444261253301412346289348316
Total Assets4765375496796495034836548398599711,0641,177

SEAMEC Ltd Reserves and Borrowings Chart

SEAMEC Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -45502991111329972341069453
Cash from Investing Activity 43-3616-17270-1-20-165-194-117-124-5
Cash from Financing Activity 0-0-012-96-11-2486-2243-42
Net Cash Flow-21345-68-1507-1945-33137

SEAMEC Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2041421331302081912211901481124188
Inventory Days
Days Payable
Cash Conversion Cycle2041421331302081912211901481124188
Working Capital Days1771159787144-10293912725221936
ROCE %-2%10%1%10%2%-32%1%21%25%7%10%3%

SEAMEC Ltd Financial Efficiency Indicators Chart

SEAMEC Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters71.96%72.04%72.04%72.04%72.04%72.04%72.05%72.05%72.05%72.05%72.05%72.05%
FIIs0.00%2.34%2.57%2.59%2.60%2.65%2.80%2.82%2.84%2.65%2.65%3.05%
DIIs0.11%0.05%0.03%0.03%0.03%0.03%0.03%0.01%0.01%0.00%0.00%1.78%
Government0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public27.90%25.55%25.33%25.31%25.31%25.26%25.11%25.10%25.07%25.29%25.29%23.11%
No. of Shareholders9,59510,49910,98610,91612,31211,83111,43010,58111,39912,82014,11213,758

SEAMEC Ltd Shareholding Pattern Chart

No. of SEAMEC Ltd Shareholders

SEAMEC Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund9114790.2295.33

SEAMEC Ltd ROCE Trend

SEAMEC Ltd EPS Trend

SEAMEC Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)13.2032.9238.8552.4132.19
Diluted EPS (Rs.)13.2032.9238.8552.4132.19
Cash EPS (Rs.)57.2465.9161.1073.8852.61
Book Value[Excl.RevalReserv]/Share (Rs.)311.32295.46261.33220.69169.01
Book Value[Incl.RevalReserv]/Share (Rs.)311.32295.46261.33220.69169.01
Revenue From Operations / Share (Rs.)171.97137.51101.00151.07123.38
PBDIT / Share (Rs.)57.5768.8741.6078.0255.47
PBIT / Share (Rs.)13.5335.8819.3556.5435.05
PBT / Share (Rs.)10.8633.3541.7854.5533.71
Net Profit / Share (Rs.)13.2032.9238.8552.4132.19
NP After MI And SOA / Share (Rs.)12.9832.7338.7752.4132.19
PBDIT Margin (%)33.4750.0841.1851.6444.95
PBIT Margin (%)7.8626.0919.1537.4228.41
PBT Margin (%)6.3124.2541.3736.1027.31
Net Profit Margin (%)7.6723.9438.4634.6926.09
NP After MI And SOA Margin (%)7.5423.8038.3834.6926.09
Return on Networth / Equity (%)4.1711.1114.8823.7419.04
Return on Capital Employeed (%)4.0110.476.6122.0318.66
Return On Assets (%)3.108.5711.4715.8712.51
Long Term Debt / Equity (X)0.050.090.050.080.08
Total Debt / Equity (X)0.170.160.110.100.15
Asset Turnover Ratio (%)0.430.360.310.560.62
Current Ratio (X)1.522.802.291.861.51
Quick Ratio (X)1.322.522.121.771.43
Dividend Payout Ratio (NP) (%)0.000.005.150.000.00
Dividend Payout Ratio (CP) (%)0.000.003.270.000.00
Earning Retention Ratio (%)0.000.0094.850.000.00
Cash Earning Retention Ratio (%)0.000.0096.730.000.00
Interest Coverage Ratio (X)21.5427.2521.8339.1541.21
Interest Coverage Ratio (Post Tax) (X)5.9414.028.6227.3024.92
Enterprise Value (Cr.)1502.533499.801173.80700.811087.43
EV / Net Operating Revenue (X)3.4410.014.571.823.47
EV / EBITDA (X)10.2619.9911.103.537.71
MarketCap / Net Operating Revenue (X)3.479.724.371.753.46
Retention Ratios (%)0.000.0094.840.000.00
Price / BV (X)1.924.541.701.192.52
Price / Net Operating Revenue (X)3.479.724.371.753.46
EarningsYield0.020.020.080.190.07

SEAMEC Ltd Profitability Ratios (%)

SEAMEC Ltd Liquidity Ratios

SEAMEC Ltd Liquidity Ratios (%)

SEAMEC Ltd Interest Coverage Ratios (X)

SEAMEC Ltd Valuation Ratios

Fair Value / Intrinsic Value of SEAMEC Ltd

Fair Value: ₹534.82

The stock is overvalued by 52.46% compared to the current price ₹1125

*Investments are subject to market risks

Strength and Weakness of SEAMEC Ltd

StrengthWeakness
  1. The company has higher reserves (521.23 cr) compared to borrowings (65.69 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (327.31 cr) and profit (36.92 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 32.07 and average Dividend Yield of 23.79%.
  2. The stock has a low average ROCE of 4.67%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 109.33, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 150.67, which may not be favorable.

Should I Buy SEAMEC Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in SEAMEC Ltd:
    1. Net Profit Margin: 7.67%
      • 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: 4.01% (Industry Average ROCE: 12.55%)
      • 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. Interest Coverage Ratio (Post Tax): 5.94
      • 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.
    4. Quick Ratio: 1.32
      • 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.
    5. ✗ Stock P/E: 45.6 (Industry average Stock P/E: 5.3)
      • 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.
    6. ✓ Total Debt / Equity: 0.17
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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