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SEAMEC Q1 FY27 Share Price & Earnings Call Analysis

₹1,626.10+0.22% today
Market cap
₹4,133 Cr
P/E
16.10
ROE
21.25%
PEG
0.15
Price to sales
3.99
Debt to equity
0.27
52W high / low
₹1,794 / ₹791
Sales growth (5Y)
29.97%
EBITDA margin
41.09%
Net profit margin
25.98%
Promoter holding
72.72%
Sales (last year)
₹1,038 Cr

SEAMEC Ltd owns and operates 4 multi-support vessels for the provision of diving services, manned and unmanned subsea operations and related activities. It has also diversified into main fleet shipping vertical by acquiring 3 bulk carriers of various sizes.[1] It owns the largest fleet of multi-functional vessels in India.[2]

Guidance scorecard · Q1 FY27 call

What SEAMEC Ltd's management guided
and where it ranks in Transport Services

#21of 31 in
Transport Services
Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Seamec expects 15% to 20% compound annual growth rate (CAGR) in revenue over the next 3 to 5 years.
  • Q1 FY27 showed a 41% year-on-year revenue growth, reflecting strong operational performance.
  • Addition of vessels like Seamec ANANT in Q2 FY27 is expected to further increase fleet utilization and revenue.
  • The Middle East, especially Saudi Arabia, is a key growth market with ongoing exploration for acquisition opportunities.
  • Government initiatives like Samudra Manthan and recent offshore discoveries in India (Andaman and Mahanadi basins) are anticipated to drive long-term demand.

2 more points from SEAMEC Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what SEAMEC Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Seamec plans growth capex to expand fleet, particularly for incremental business in the Middle East, as all current vessels are fully deployed.
  • The company is acquiring the vessel "Seamec ANANT" by end of Q2 FY27 with a purchase consideration of USD 70 million, financed approximately 50% by internal equity and 50% by loans.
  • Fleet modernization is part of strategy, with selective evaluation of opportunities to enhance capabilities while maintaining disciplined capital allocation.

2 more points from SEAMEC Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what SEAMEC Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • Seamec has an active focus on securing contracts that offer sustainable returns and long-term revenue visibility.
  • The company is optimistic about its opportunity pipeline across India and international markets, especially in the Middle East.
  • Middle East markets like Saudi Arabia, Qatar, Abu Dhabi, and potentially Iran (once sanctions are lifted) are seen as hotspots for future vessel requirements.
  • Seamec continues to evaluate selective acquisition opportunities to grow its fleet in line with these opportunities.
  • The company expects to add the vessel Seamec ANANT by end of Q2 FY27, which comes with an existing contract with ONGC, contributing to revenue immediately after formalities.

2 more points from SEAMEC Ltd's call on the order book

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Full Q1 FY27 analysis
Full Transport Services ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Transport Services
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does SEAMEC Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Transport Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹795 Cr24.9
240%+Flat₹16,984 Cr98.6
340%+Flat₹4,361 Cr29.7
440%+Flat₹591 Cr16.6
520–40%Up 2%+₹510 Cr6.7
620–40%Up 2%+₹234 Cr8.1

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Pro shows every company guiding 40%+ revenue growth →Full Transport Services ranking

SEAMEC Ltd announcements

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Financials of SEAMEC Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of SEAMEC Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +126212842132362158814920021197317327
Expenses +99164681231491427210511811490181168
Operating Profit274816918773154481978136159
OPM %21%23%19%42%37%34%18%30%41%46%8%43%49%
Other Income +-1137631722-10102010143
Interest1244544344566
Depreciation31323334353232343334383649
Profit before tax-726-145850532-35479-25108107
Tax %-34%1%1%3%-5%6%93%25%24%4%2%8%3%
Net Profit +-526-145653500-34176-26100104
EPS in Rs-1.9010.07-5.8122.0920.7219.610.04-1.3116.9029.80-10.8139.1840.70

Financials of SEAMEC Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +350328208194314384257350437729652952
Expenses +280293320160202215189220310486438553
Operating Profit7135-1123311216968130127243214400
OPM %20%11%-54%17%36%44%26%37%29%33%33%42%
Other Income +10424192030301014620293948
Interest113146677171621
Depreciation4547484952555784112135131157
Profit before tax12811-1453861391068528120107269
Tax %5%52%3%66%4%4%7%1%-22%-1%18%6%
Net Profit +1225-14918213399843412188254
EPS in Rs35.992.12-58.550.3932.1952.4138.7632.7312.9847.0835.2598.88
Dividend Payout %3%0%0%0%0%2%3%0%0%2%0%2%

Financials of SEAMEC Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital342525252525252525252525
Reserves5564673163184045366377237658869821,276
Borrowings +1328187727396127139327231353
Other Liabilities +7612914313215220610195135169141206
Total Liabilities6796495034836548398599711,0641,4071,3791,861
Fixed Assets +217174206168236248291411585717655897
CWIP001001020100
Investments7313561117179222269131123333367
Other Assets +455444261253301412346289348566391597
Total Assets6796495034836548398599711,0641,4071,3791,861

Financials of SEAMEC Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +91111329972341069453150299321
Cash from Investing Activity +-17270-1-20-165-194-117-124-5-316-165-392
Cash from Financing Activity +12-96-11-2486-2243-42142-11294
Net Cash Flow-68-1507-1945-33137-252223
Free Cash Flow151-7-6312-171754-101-205-172329-58
CFO/OP130%55%-28%101%89%140%162%77%39%63%148%84%

Financials of SEAMEC Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days130208191221190148112418811489120
Inventory Days
Days Payable
Cash Conversion Cycle130208191221190148112418811489120
Working Capital Days73112-42157119172163-4018533
ROCE %10%2%-32%1%21%25%7%10%3%12%9%20%

Guidance history

How SEAMEC Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlannedPlanned—
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →20–40%FlatPlannedPlanned—
Q2 FY26 call →10–20%FlatPlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

77out of 100

Momentum score · price trend

77 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+84.3%92%
Last 6 months+2.1%58%
Last 3 months+11.2%83%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For SEAMEC Ltd: 0.4 × 92 + 0.4 × 58 + 0.2 × 83 = 77.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What SEAMEC Ltd's management said in earlier quarters

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