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Companies›Services›Services›Transport Services
NSE:SEAMECLTD

SEAMEC LIMITED

Services › Transport Services
₹1,590.00
at close · 27 Oct 2026
▲ 15.00 (+0.95%)

Latest filings

  1. SEAMEC SWORDFISH resumes on-hire after defect rectification · Business Updates
  2. SEAMEC SWORDFISH removed from hire after technical breakdown · Capex & Operations
  3. SEAMEC ANANT hired from October 21, 2026 · Business Updates
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Provides offshore support vessels and subsea services to oil and gas operators, primarily ONGC in India. The fleet includes vessels named SAMUDRA SEVAK, SAMUDRA PRABHA, SEAMEC PALADIN, SEAMEC AGASTYA, SEAMEC ANANT, SEAMEC GALLANT and SEAMEC GLORIOUS, used for diving, inspection and charter work at offshore fields such as Mumbai High and the West Coast including the Daman oilfield. Revenue is split into Domestic (82.6% of period segment revenue, ₹745.43 crore, EBIT ₹226.03 crore) and Overseas (17.4%, ₹156.51 crore, EBIT ₹7.98 crore) for FY26. Major contracts include two ONGC O&M contracts on Samudra Sevak and Samudra Prabha running to March 2028 with combined value of ₹618 crore (Seamec consortium share 90%), diving agreements with promoter HAL Offshore worth about USD 9.42 million and USD 9.96 million, and a 180-day charter with Lamprell Energy for SEAMEC GLORIOUS worth USD 5.21 million. Costs are dominated by other operating expenses (44.6% of revenue), depreciation (16.5%) and employee costs (13.4%), with capex at 39.8% of revenue reflecting fleet investment. FY26 capex was approximately ₹300 crore, with a further ~$70 million (around ₹600 crore) planned for the ANANT vessel acquisition in FY27.

Revenue mix · reported segments
Domestic82.6%
Overseas17.4%
Operating scale
FY26 revenue
₹952.46 croreFY26
FY26 net profit
₹253.52 croreFY26
EBITDA margin
46.95%FY26
ONGC O&M contract value
₹618 crore combined (Seamec share 90%), till March 2028
FY26 capex
approximately ₹300 croreFY26
Planned ANANT acquisition capex
~$70 million (around ₹600 crore)FY27
Who pays it
Primarily ONGC in India; also overseas offshore oil and gas clients, with promoter HAL Offshore acting as an intermediate counterparty on certain diving contracts.
Biggest cost
Other operating expenses (44.6% of revenue), alongside depreciation (16.5%) on its vessel fleet.
Kind of business
Asset-heavy offshore support vessel operator with high depreciation and capex intensity.
Where it sits
Domestic offshore vessel and subsea services provider with 82.6% of FY26 segment revenue from India, chiefly serving ONGC's offshore fields.
Market Cap
₹4,043 Cr
P / E (TTM)
15.7×
EV / EBITDA
9.1×
Div Yield
—
Growth
30.0%▲
Revenue 5y CAGR
PAT +20.7% · EBITDA +21.7%
Quality
10.5%·
ROCE (5y median)
ROE 11.1% (5y median) · margin 47.0%
Leverage
0.25·
Debt / Equity · low
Net debt ₹251 Cr
Revenue FY21→FY26
3.7×▲
Margin −11.9 pts
₹257 Cr → ₹952 Cr
Cash conversion
1.70×▲
Operating cash ÷ profit · 5 yrs
₹985 Cr on ₹579 Cr
Moves on a normal day
1.40%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 9 Shipping peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#4/6
P/B#5/8
ROCE#3/9
ROE#3/8
Debt / Equity#2/8
EBITDA margin#6/10
Revenue growth#3/9
Profit growth#8/10

Scorecard

Measured from the filed financials, judged against its Shipping peers · as of FY26 — not investment advice

Strengths
Revenue compounding 30% a year over 5 years
Profit compounding 21% a year over 5 years
Debt at 0.25× equity
lower than 86% of its 8 Shipping peers
Over 5 years it reported ₹579 Cr of profit and ₹985 Cr of operating cash — 1.70×
Profit is converting into cash
Concerns
Erratic profits — up in only 2 of the last 5 years

Charts

How has the market priced it — with filings on the timeline?

SEAMECLTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SEAMEC LIMITED's filed financials and exchange disclosures

What does SEAMEC LIMITED do?

SEAMEC LIMITED is a Transport Services company listed on NSE and BSE, trading under the symbol SEAMECLTD.

Is SEAMEC LIMITED profitable?

Yes. Over the trailing twelve months SEAMEC LIMITED reported a net profit of ₹259 Cr on revenue of ₹1,038 Cr.

Does SEAMEC LIMITED pay a dividend?

Not in the latest reported year — SEAMEC LIMITED's dividend payout for FY26 was nil.

Is SEAMEC LIMITED debt-free?

No. It reported borrowings of ₹328 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹251 Cr after cash. Debt stands at 0.25× equity. That is lower than 86% of its 8 Shipping peers.

Is SEAMEC LIMITED expensive compared with its peers?

On trailing P/E, SEAMEC LIMITED ranks 4 of 6 in Shipping — cheaper than 40% of them, against an industry median of 11.4×. This is a position, not a valuation judgement.

How much does the SEAMEC LIMITED share price move in a day?

On a typical session SEAMEC LIMITED moves 1.40% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track SEAMEC LIMITED's announcements?

Every NSE and BSE filing by SEAMEC LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.