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Seamec Ltd Stock Analysis

Small Cap
Evaluated by 375 users | BSE: 526807 | NSE: SEAMECLTD |
Shipping
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -14.76%-3.22%6.2%-0.62%8.15%0.58%-41.11%-0.41%23.48%30.78%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 102182337408350328208194304365
Y-o-Y Gr. Rt.-77.6%85.5%20.9%-14.3%-6.2%-36.7%-6.7%56.9%20.2%
Adjusted EPS (Rs.) -21-4.288.23-0.9911.940.88-60.39-0.7528.749.68
Y-o-Y Gr. Rt.-NANA-112%NA-92.6%-6962.5%NANA73.1%
Book Value per Share (Rs.) 131.87128.82138.87139.18153.91165.18106.35106.48136.63187.77
Adjusted Net Profit -71.2-14.527.9-3.440.52.2-154-1.973126
Net Op. Cash Flow (Rs. Cr.) -55-11354.929.61368.514.330.488.8189
Debt to Cash Flow from Ops 00000.093.321.260.240.040
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Seamec Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 15.2%0.9%20.7%20.2%
Adjusted EPS NA33%NA73.1%
Book Value per Share 44.120.937.4
Share Price 19.9% 42.4% 37.4% 21.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -14.82-3.296.15-0.728.150.48-44.48-0.7123.6130.63
Operating Profit Margin (%) -53.125.1817.676.9217.5711.23-53.9217.2934.0541.81
Net Profit Margin (%) -69.54-7.998.27-0.8311.580.68-73.97-0.9924.0234.58
Debt to Equity 00000.020.070.070.030.010
Working Capital Days 297273250242251279410332261284
Cash Conversion Cycle 11511385891031069430-3-29
Entity Percentage Holding
Promoters 71.96%
Institutions 2.72%
Non-Institutions 25.29%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Seamec Ltd's performance infers:

Seamec Ltd earnings have grown by 33%, whereas share price has appreciated 42.4% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Seamec Ltd share prices over the last 10 years. Here is what we found out:

Seamec Ltd share price has appreciated 16.5% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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