Seamec Ltd - Stock Valuation and Financial Performance

BSE: 526807 | NSE: SEAMECLTD | Shipping | Small Cap

Seamec Share Price

1,101.60 -62.00 -5.33%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Seamec

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Seamec stock performance -

mw4me loader
P/E Ratio (SA):
15.28
Market Cap:
2,958.5 Cr.
52-wk low:
876.4
52-wk high:
1,664

Is Seamec Ltd an attractive stock to invest in?

1. Is Seamec Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Seamec Ltd is a average quality company.

2. Is Seamec Ltd undervalued or overvalued?

The key valuation ratios of Seamec Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Seamec Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Seamec Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Seamec:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Seamec Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 12.1%2.5%-38.7%1.2%26%33.1%20.3%12.7%5.4%21.5%-
Value Creation
Index
-0.1-0.8-3.8-0.90.91.40.5-0.1-0.60.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 350328208194304365229294399666703
Sales YoY Gr.--6.2%-36.7%-6.7%56.9%20.2%-37.2%28%35.9%66.8%-
Adj EPS 11.90.9-60.4-0.828.749.720.426.315.369.676.1
YoY Gr.--92.6%-6962.5%NANA73.1%-58.9%29.1%-42.1%356.7%-
BVPS (₹) 153.9165.2106.4106.5136.6187.8224.3254.1270.2342.6364
Adj Net
Profit
40.52.2-154-1.97312651.96738.8177194
Cash Flow from Ops. 1368.514.330.488.818985.413197.4166-
Debt/CF from Ops. 0.13.31.30.20000.50.51.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.4%17%42.7%66.8%
Adj EPS 21.7%19.4%50.6%356.7%
BVPS9.3%20.2%15.2%26.8%
Share Price 25.1% 17.9% 0.3% 24.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
8.20.5-44.5-0.723.630.69.9115.822.721.6
Op. Profit
Mgn %
17.611.2-53.917.334.141.823.335.129.437.637.8
Net Profit
Mgn %
11.60.7-74-12434.622.622.89.726.627.6
Debt to
Equity
00.10.100000.10.10.30.2
Working Cap
Days
251279410332261284457283168195107
Cash Conv.
Cycle
1031069430-3-324956545551

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 21.60%

Sales growth is growing at healthy rate in last 3 years 42.66%

Net Profit is growing at healthy rate in last 3 years 50.55%

Sales growth is good in last 4 quarters at 54.49%

No data to display

Latest Financials - Seamec Ltd.

Standalone Consolidated
TTM EPS (₹) 76.1 62.5
TTM Sales (₹ Cr.) 703 753
BVPS (₹.) 364 379.4
Reserves (₹ Cr.) 900 939
P/BV 3.20 3.07
PE 15.28 18.63
From the Market
52 Week Low / High (₹) 876.40 / 1664.00
All Time Low / High (₹) 4.00 / 1664.00
Market Cap (₹ Cr.) 2,958
Equity (₹ Cr.) 25.4
Face Value (₹) 10
Industry PE 8.6

Management X-Ray of Seamec:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Seamec

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales350328208194304365229294399666
Operating Expenses 288291320160200213176191283417
Manufacturing Costs18319610177102129109105181289
Material Costs0000000000
Employee Cost 85806361646351536676
Other Costs 201515522342015323651
Operating Profit 6137-1123310315353103116249
Operating Profit Margin (%) 17.6%11.2%-53.9%17.3%34.0%41.8%23.3%35.0%29.1%37.4%
Other Income 36231819273034441541
Interest 11311214412
Depreciation 374748494846436693106
Exceptional Items 000000620013
Profit Before Tax 6012-1452811361057735185
Tax 66424571-6-1
Profit After Tax 546-150077130987641187
PAT Margin (%) 15.4%1.8%-72.1%0.2%25.2%35.6%42.6%25.8%10.3%28.0%
Adjusted EPS (₹)15.92.3-58.80.130.251.238.429.816.273.4
Dividend Payout Ratio (%)6%0%0%0%0%2%3%0%0%1%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 522420270271347477570646687871
Share Capital 34252525252525252525
Reserves 488395245245322452545620662846
Minority Interest0000000000
Debt13281873004938175
Long Term Debt00000004938175
Short Term Debt1328187300000
Trade Payables4211411810212315033205691
Others Liabilities 493528343032395571106
Total Liabilities 6265974344145046596427708521,242

Fixed Assets

Gross Block562220300299335358363560849874
Accumulated Depreciation3454794130178224220287379459
Net Fixed Assets216174206168157134143273470415
CWIP 0010010201
Investments 1034374597180227274161226
Inventories17201714151817273744
Trade Receivables1251871091171641547738105223
Cash Equivalents 20088241422220195752
Others Assets589540556915115813822281
Total Assets 6265974344145046596427708521,242

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 13681430891898513197166
PBT 6012-1452811361057735185
Adjustment 153114641492612458873
Changes in Working Capital 62-2632-9-3831-2816-30-90
Tax Paid -1-8-19-4-3-3-4-64-3
Cash Flow From Investing Activity -21774-4-22-84-162-85-191-45-320
Capex -55-18-76-18-33-15-54-188-273-98
Net Investments -77563-5-57-150-33-8235-1
Others -15517927324-7-221
Cash Flow From Financing Activity 13-96-11-14-1-3-259-14149
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00-1-1-100-1-2-11
Dividend Paid 0-30000000-3
Others 13-92-10-130-2-260-12162
Net Cash Flow -68-14-1-5424-2-138-5
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)10.871.22-43.340.1124.8231.5518.6412.466.1923.95
ROCE (%)12.072.53-38.651.1726.0133.1320.3412.655.3621.51
Asset Turnover Ratio0.590.540.40.460.660.630.350.420.490.64
PAT to CFO Conversion(x)2.521.33N/AN/A1.161.450.871.722.370.89
Working Capital Days
Receivable Days143173260213169158183716590
Inventory Days22203229181628282922
Payable Days0000000000

Seamec Ltd Stock News

Seamec Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Seamec on 21-Nov-2024 16:59 is ₹1,101.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Seamec stood at ₹2,958.5.
The latest P/E ratio of Seamec as of 21-Nov-2024 16:59 is 15.28.
The latest P/B ratio of Seamec as of 21-Nov-2024 16:59 is 3.20.
The 52-week high of Seamec is ₹1,664 and the 52-week low is ₹876.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Seamec is ₹702.9 ( Cr.) .

About Seamec Ltd

South East Asia Marine Engineering & Construction (SEAMEC), incorporated as Peerless Leasing Private on December 29, 1986, is an Indian registered public limited company listed on The Stock Exchange, Mumbai and The National Stock Exchange of India. Subsequently the name of the company was changed to Peerless Drive on July 8, 1987. Later, it was again renamed as Peerless Shipping & Oilfield Services on August 25, 1994.

The company started operating on a single DSV in Indian Offshore market, grown subsequently to own and operate three DSV’s.

In the year 1995, Coflexip Stena Offshore Mauritius, the wholly owned subsidiary of Coflexip acquired 8.38% of company. In October 1999, Coflexip Stena Offshore Mauritius raised its holding to 58.24% controlling interest in the company by acquiring the total shareholding of Peerless Finance.

In August 2000, the name of the company was formally changed to South East Asia Marine Engineering &Construction (SEAMEC) to reflect the change in ownership, objective & capabilities of the new organisation. Later in 2001, with the acquisition of the Coflexip Group by Technip of France, the company became a subsidiary of the largest oilfield engineering, construction and service group in Europe and part of an organisation with total annual turnover of more than US$5 billion and a permanent workforce of 22,000. Coflexip Stena Offshore Mauritius now a wholly owned subsidiary of Technip SA, France, holds 78.24% share in Seamec.

The name of the company was changed to SEAMEC with effect from June 12, 2007.

Historically, Peerless Shipping & Oilfield Services' operations consisted mainly of chartering the three DSV’s to ONGC on long-term day-rate contract. However, after being acquired by Coflexip Stena Offshore and later by Technip the capabilities of the company have been expanded to cover a wider range of subsea intervention and oilfield support services.

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