Seamec Ltd - Stock Valuation and Financial Performance

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

Seamec Share Price

1,070.05 18.95 1.80%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Seamec

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Seamec stock performance -

mw4me loader
P/E Ratio (SA):
24.29
Market Cap:
2,672.4 Cr.
52-wk low:
563.3
52-wk high:
1,232

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 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -0.6%8.2%0.6%-41.1%-0.4%23.5%30.8%10.1%10.9%5.9%-
Value Creation
Index
-1.0-0.4-1.0-3.9-1.00.71.2-0.3-0.2-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 408350328208194304365229294399576
Sales YoY Gr.--14.3%-6.2%-36.7%-6.7%56.9%20.2%-37.2%28%35.9%-
Adj EPS -111.90.9-60.4-0.828.749.720.426.315.743.3
YoY Gr.-NA-92.6%-6962.5%NANA73.1%-58.9%29.1%-40.5%-
BVPS (₹) 139.2153.9165.2106.4106.5136.6187.8224.3254.1270.2312.7
Adj Net
Profit
-3.440.52.2-154-1.97312651.96739.9110
Cash Flow from Ops. 29.61368.514.330.488.818985.413197.4-
Debt/CF from Ops. 00.13.31.30.20000.50.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.3%15.6%3%35.9%
Adj EPS NANA-31.9%-40.5%
BVPS7.7%20.5%12.9%6.4%
Share Price 26.1% 20.2% 33.8% 83.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-0.78.20.5-44.5-0.723.630.69.911614.9
Op. Profit
Mgn %
6.917.611.2-53.917.334.141.823.335.129.431.4
Net Profit
Mgn %
-0.811.60.7-74-12434.622.622.81019.1
Debt to
Equity
000.10.100000.10.1-
Working Cap
Days
242251279410332261284457283168125
Cash Conv.
Cycle
891031069430-3-3249565468

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.80%

Sales growth is good in last 4 quarters at 60.38%

Sales growth has been subdued in last 3 years 2.99%

Net Profit has been subdued in last 3 years -31.91%

Latest Financials - Seamec Ltd.

Standalone Consolidated
TTM EPS (₹) 43.3 24.4
TTM Sales (₹ Cr.) 576 635
BVPS (₹.) 312.7 337.7
Reserves (₹ Cr.) 770 833
P/BV 3.36 3.11
PE 24.29 43.00
From the Market
52 Week Low / High (₹) 563.30 / 1232.00
All Time Low / High (₹) 4.00 / 1423.95
Market Cap (₹ Cr.) 2,672
Equity (₹ Cr.) 25.4
Face Value (₹) 10
Industry PE 7.8

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

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales408350328208194304365229294399
Operating Expenses 380288291320160200213176191283
Manufacturing Costs27718319610177102129109105181
Material Costs0000000000
Employee Cost 83858063616463515366
Other Costs 192015155223420153236
Operating Profit 286137-1123310315353103116
Operating Profit Margin (%) 6.9%17.6%11.2%-53.9%17.3%34.0%41.8%23.3%35.0%29.1%
Other Income 15362318192730344415
Interest 1113112144
Depreciation 38374748494846436693
Exceptional Items 00000006200
Profit Before Tax 56012-1452811361057735
Tax 466424571-6
Profit After Tax 1546-150077130987641
PAT Margin (%) 0.3%15.4%1.8%-72.1%0.2%25.2%35.6%42.6%25.8%10.3%
Adjusted EPS (₹)0.315.92.3-58.80.130.251.238.429.816.2
Dividend Payout Ratio (%)0%6%0%0%0%0%2%3%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 472522420270271347477570646687
Share Capital 34342525252525252525
Reserves 438488395245245322452545620662
Minority Interest0000000000
Debt013281873004938
Long Term Debt000000004938
Short Term Debt0132818730000
Trade Payables6242114118102123150332056
Others Liabilities 27493528343032395571
Total Liabilities 561626597434414504659642770852

Fixed Assets

Gross Block495562220300299335358363560849
Accumulated Depreciation3183454794130178224220287379
Net Fixed Assets177216174206168157134143273470
CWIP 0001001020
Investments 31034374597180227274161
Inventories25172017141518172737
Trade Receivables1491251871091171641547738105
Cash Equivalents 100200882414222201957
Others Assets108589540556915115813822
Total Assets 561626597434414504659642770852

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3013681430891898513197
PBT 56012-1452811361057735
Adjustment 361531146414926124588
Changes in Working Capital -662-2632-9-3831-2816-30
Tax Paid -5-1-8-19-4-3-3-4-64
Cash Flow From Investing Activity 17-21774-4-22-84-162-85-191-45
Capex -19-55-18-76-18-33-15-54-188-273
Net Investments 0-77563-5-57-150-33-8235
Others 37-15517927324-7
Cash Flow From Financing Activity 013-96-11-14-1-3-259-14
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000-1-1-100-1-2
Dividend Paid 00-30000000
Others 013-92-10-130-2-260-12
Net Cash Flow 47-68-14-1-5424-2-138
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.2210.871.22-43.340.1124.8231.5518.6412.466.19
ROCE (%)1.2312.072.53-38.651.1726.0133.1320.3412.655.36
Asset Turnover Ratio0.740.590.540.40.460.660.630.350.420.49
PAT to CFO Conversion(x)302.521.33N/AINF1.161.450.871.722.37
Working Capital Days
Receivable Days1251431732602131691581837165
Inventory Days21222032291816282829
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 28-Mar-2024 16:01 is ₹1,070.1.
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 28-Mar-2024 16:01 the market cap of Seamec stood at ₹2,672.4.
The latest P/E ratio of Seamec as of 28-Mar-2024 16:01 is 24.29.
The latest P/B ratio of Seamec as of 28-Mar-2024 16:01 is 3.36.
The 52-week high of Seamec is ₹1,232 and the 52-week low is ₹563.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Seamec is ₹576.2 ( 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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