SEAMEC Limited (IN:SEAMECLTD)
:SEAMECLTD
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SEAMEC Limited
(SEAMECLTD)
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Rating:73Outperform
Price Target:
₹1,743.00
▲(59.60% Upside)
Action:Upgraded
Date:05/20/26
The score is driven primarily by strong recent financial performance (sharp revenue growth and margin expansion with improved ROE), offset by negative and volatile free cash flow. Technicals add support with a clear uptrend across key moving averages, while valuation appears reasonable at a ~14.25 P/E.
Positive Factors
Strong revenue and margin expansion
Recent sharp revenue growth with materially wider EBIT/EBITDA and net margins indicates durable operating leverage in project execution. Sustained higher margins signal improved pricing, cost control and scalable delivery capability that can support cash generation over multiple quarters.
Negative Factors
Negative and volatile free cash flow
Despite accounting profits, free cash flow turned negative and has been choppy historically. Persistent negative FCF reduces self-funding of capex and working capital needs, increasing reliance on external financing and constraining the firm’s ability to invest or cushion downturns over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue and margin expansion
Recent sharp revenue growth with materially wider EBIT/EBITDA and net margins indicates durable operating leverage in project execution. Sustained higher margins signal improved pricing, cost control and scalable delivery capability that can support cash generation over multiple quarters.
Read all positive factors
SEAMEC Limited (SEAMECLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹40.39B
Dividend YieldN/A
Average Volume (3M)2.67K
Price to Earnings (P/E)14.2
Beta (1Y)0.46
Revenue Growth46.12%
EPS Growth180.51%
CountryIN
Employees59
SectorEnergy
Sector Strength52
IndustryMarine Shipping
Share Statistics
EPS (TTM)34.64
Shares Outstanding25,425,000
10 Day Avg. Volume6,690
30 Day Avg. Volume2,666
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)2.75
Price to Sales (P/S)3.76
P/FCF Ratio-64.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)79.4
Revenue Forecast (FY)₹9.79B
SEAMEC Limited Business Overview & Revenue Model
Company Description
Seamec Limited provides oilfield and diving support vessel services in India and internationally. The company's services include vessel management, marine management, dive support, firefighting, subsea construction, ROV support, pipelaying, rescue...
How the Company Makes Money
SEAMEC primarily makes money by executing offshore and subsea service contracts for clients that need marine construction and underwater engineering work. Its core revenue model is project/contract-based: clients (typically offshore energy operato...
SEAMEC Limited Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
78
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.57B | 9.52B | 6.52B | 7.29B | 4.37B | 3.49B |
| Gross Profit | 2.49B | 3.14B | 1.40B | 1.68B | 1.06B | 1.12B |
| EBITDA | 1.93B | 4.00B | 2.53B | 2.72B | 1.47B | 1.76B |
| Net Income | 879.50M | 2.51B | 896.20M | 1.20B | 330.06M | 832.11M |
Balance Sheet | ||||||
| Total Assets | 16.24B | 18.61B | 13.79B | 14.07B | 10.64B | 9.71B |
| Cash, Cash Equivalents and Short-Term Investments | 1.56B | 1.88B | 1.40B | 1.37B | 785.89M | 1.15B |
| Total Debt | 4.05B | 3.53B | 2.31B | 3.27B | 1.39B | 1.27B |
| Total Liabilities | 5.46B | 5.57B | 3.72B | 4.95B | 2.73B | 2.19B |
| Stockholders Equity | 10.75B | 13.02B | 10.08B | 9.11B | 7.90B | 7.48B |
Cash Flow | ||||||
| Free Cash Flow | -2.14B | -552.70M | 2.40B | -1.72B | -2.39B | -1.12B |
| Operating Cash Flow | -588.90M | 3.24B | 2.93B | 1.50B | 532.84M | 939.42M |
| Investing Cash Flow | -1.01B | -4.15B | -1.75B | -3.18B | -49.81M | -1.27B |
| Financing Cash Flow | 1.34B | 1.13B | -961.90M | 1.42B | -417.69M | 428.79M |
SEAMEC Limited Technical Analysis
Positive
1092.10
Price Trends
1476.81
Positive
1338.71
Positive
1118.24
Positive
Market Momentum
19.90
Negative
58.27
Neutral
52.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SEAMECLTD, the sentiment is Positive. The current price of 1092.1 is below the 20-day moving average (MA) of 1541.86, below the 50-day MA of 1476.81, and below the 200-day MA of 1118.24, indicating a bullish trend. The MACD of 19.90 indicates Negative momentum. The RSI at 58.27 is Neutral, neither overbought nor oversold. The STOCH value of 52.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SEAMECLTD.
SEAMEC Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹40.39B | 14.25 | ― | ― | 46.12% | 180.51% | |
68 Neutral | ₹18.73B | -12.45 | ― | 0.18% | 25.34% | 83.21% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | ₹16.27B | 23.10 | ― | ― | 57.28% | 47.45% | |
62 Neutral | ₹16.32B | 18.17 | ― | 0.34% | 70.10% | 19.17% | |
39 Underperform | ₹1.04B | 0.97 | ― | ― | -14.31% | 18.47% |
* Energy Sector Average
IN:SEAMECLTD
SEAMEC Limited
1,605.70
640.40
66.34%
IN:ABAN
Aban Offshore Limited
17.79
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IN:ASIANENE
Asian Energy Services Limited
370.20
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17.06%
IN:DOLPHIN
Dolphin Offshore Enterprises India Ltd.
408.00
43.40
11.90%
IN:JINDRILL
Jindal Drilling & Industries Ltd.
669.85
-28.95
-4.14%
IN:MERCATOR
Mercator Limited
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SEAMEC Limited Corporate Events
SEAMEC’s SEAMEC DIAMOND Returns to Service on ONGC Contract
Apr 10, 2026
SEAMEC Limited has announced that its vessel SEAMEC DIAMOND has completed statutory drydocking and has returned to operational service. The ship has rejoined the field and resumed its contract with state-run oil and gas company ONGC, going back on...
Seamec Puts Offshore Vessel SAMUDRA SEVAK on Hire
Mar 30, 2026
Seamec Limited has disclosed that its vessel SAMUDRA SEVAK is now on hire, confirming active deployment following an earlier intimation dated March 13, 2026. The hiring of this specialized vessel signals ongoing business activity and revenue-gener...
Seamec bags Rs 330 crore ONGC O&M contract for offshore vessel Samudra Prabha
Mar 27, 2026
Seamec Limited has secured a significant domestic contract as part of a consortium with Supreme Hydro Pvt. Ltd. from Oil and Natural Gas Corporation Limited to provide operation and maintenance services for ONGC’s multi-support vessel Samudr...
Seamec to Engage Investors at Arihant Capital Bharat Connect Conference
Mar 6, 2026
Seamec Limited has informed stock exchanges that its officials will participate in the Arihant Capital Bharat Connect Conference: Rising Stars – March 2026, engaging with analysts and institutional investors via a virtual group meeting on Ma...
Seamec’s SEAMEC II Returns to Offshore Field to Resume ONGC Contract
Mar 1, 2026
Seamec Limited has announced that its offshore support vessel SEAMEC II has completed a regulatory Flag State Inspection and has sailed back to the offshore field as of March 1, 2026, to resume its contract with ONGC. The redeployment of SEAMEC II...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.