On 6 Nov 2026, Seamec was priced at ₹1,474.00, or 14.6× trailing earnings, against an industry P/E of 23.5×, and the shares are 20% below their 52-week high. It earns ROCE of 19% and ROE of 22%, and sales and net profit grew 29% and 97% a year over 3 years. Its dividend yield is 0.1%, and debt is 0.27× equity. It is a small-cap company with a market cap of ₹3,761 Cr, ranked 9th of 15 Marine Shipping companies by market cap; the shares rose 72% over the past year.
- ₹1,485.00
- ₹1,485.10
- ₹1,433.80
- ₹1,491.00
- 71.8K
Health check
- ReturnsAhead
+71.7% over a year, better than 5 of 7 peers.
- Price tagCheaper
P/E 14.6 vs industry 23.5.
- GrowthStrong
Sales +29.5%, profit +96.7% a year over 3 years.
- ProfitabilityAverage
ROCE 18.7% vs peer median 13.8%.
- Balance sheetSolid
Debt 0.27× equity, interest covered 14.0×.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹3,761 Cr
- Small cap
- P/E
- 14.6
- Industry 23.5
- Price to book
- 2.88
- Peers 4.36
- Dividend yield
- 0.12%
- ROE
- 21.8%
- Peers 18.8%
- ROCE
- 18.7%
- Peers 13.8%
- Debt to equity
- 0.27
- Debt ₹353 Cr
- EPS (TTM)
- ₹101.02
- Face value ₹10
- OPM (TTM)
- 24.4%
- Net margin 24.7%
- Sales growth
- +40.8%
- Latest quarter vs a year ago
- Profit growth
- +7.2%
- Latest quarter vs a year ago
- Price to sales
- 3.62
- EV/EBITDA 10.1
Strengths and risks
Strengths
- Return on equity of 21.8%.
- Quarterly sales up 40.8% on a year ago.
- Net margin of 24.7%.
- P/E of 14.6 against an industry P/E of 23.5.
- Positive operating cash flow in each of the last 4 years.
About Seamec
Seamec Limited provides offshore diving support vessel services in India and internationally. The company's services include ROV operation support; inspection, maintenance, removal, and re-installation of single buoy moorings; pigging and retrieval of pigs; de burial and non-destructive testing of pipelines; scanning and magnetic particle inspection of platform members; location and arrest of gas leaks; replacement of caisson pipes and riser sections;…
- Headquarters
- Mumbai
- Employees
- 81
- Sector
- Industrials
- ISIN
- INE497B01018
- Website
- seamec.in
Price range
- Avg volume (3M)
- 84.9K
- 1-year return
- plus 71.7%
- From 52-week high
- minus 20.3%
Peers · Marine Shipping
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ADANIPORTSAdani Ports and Special Economic Zone | 1,936.60 | plus 2.76% | 4,46,185 | 32.3 | 4.36 | 11.0% | 15.6% | 44.0% | 22.9% | 34.1% | 0.39% | plus 30.5% |
| JSWINFRAJSW Infrastructure | 338.30 | minus 2.31% | 78,692 | 50.3 | 4.42 | 12.0% | 9.9% | 36.2% | 19.0% | 27.2% | 0.27% | plus 19.5% |
| GESHIPGreat Eastern Shipping Co. | 1,428.70 | minus 2.14% | 19,236 | 4.6 | 1.20 | 17.4% | 18.8% | 42.5% | −1.6% | 4.5% | 4.03% | plus 38.6% |
| SHREEJISPGShreeji Shipping Global | 884.55 | plus 2.40% | 14,411 | 88.7 | 18.71 | – | 21.1% | 24.4% | −5.4% | 8.7% | 0.23% | plus 219.9% |
| SCIShipping Corporation of India | 261.07 | minus 0.90% | 12,161 | 6.1 | 1.34 | 14.1% | 15.5% | 23.5% | −0.1% | 15.8% | 2.80% | plus 5.3% |
| KMEWKnowledge Marine & Engineering Works | 652.80 | minus 79.23% | 8,279 | 60.7 | 14.00 | 13.4% | 20.0% | 39.9% | 7.6% | 18.8% | 0.00% | plus 125.5% |
| GPPLGujarat Pipavav Port | 166.49 | plus 3.23% | 8,052 | 14.6 | 3.37 | 26.7% | 21.8% | 52.0% | 6.6% | 18.0% | 6.06% | minus 0.9% |
| SEAMECLTDSeamec | 1,474.00 | minus 1.14% | 3,761 | 14.6 | 2.88 | – | 19.7% | 24.4% | 29.5% | 96.7% | 0.12% | plus 71.7% |
| Median of 7 peers | – | −0.90% | 14,411 | 32.3 | 4.36 | 13.8% | 18.8% | 39.9% | 6.6% | 18.0% | 0.39% | 30.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 211 | 97.4 | 317 | 327 | 297 | |
| 148 | 128 | 217 | 217 | 223 | |
| 62.8 | −30.2 | 100 | 110 | 74 | |
| 29.8% | −31.0% | 31.5% | 33.6% | 24.9% | |
| 19.8 | 10.1 | 14.4 | 3.3 | 20 | |
| 3.5 | 5 | 6.5 | 5.8 | 4.5 | |
| 79.1 | −25.1 | 108 | 107 | 89.5 | |
| 4.1% | −2.4% | 7.5% | 3.5% | 9.1% | |
| 75.8 | −27.5 | 99.6 | 103 | 81.2 | |
| 29.80 | -10.81 | 39.18 | 40.70 | 31.95 |
Profit & loss
- Sales CAGR 3Y
- +29.5%
- Profit CAGR 3Y
- +96.7%
- EPS CAGR 3Y
- +95.6%
- ROE
- 21.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 434 | 726 | 646 | 943 | |
| – | +67.1% | minus 11.1% | +46.0% | |
| 306 | 479 | 431 | 542 | |
| 128 | 247 | 215 | 401 | |
| 29.6% | 34.1% | 33.2% | 42.5% | |
| 10.7 | 10 | 19.7 | 34.7 | |
| 6.8 | 16.3 | 15.5 | 20.8 | |
| 112 | 135 | 131 | 157 | |
| 7.2 | 13.7 | 18.7 | 11.4 | |
| 27.6 | 120 | 107 | 269 | |
| −21.6% | −0.5% | 17.7% | 5.8% | |
| 33 | 120 | 89.6 | 251 | |
| – | +262.7% | minus 25.1% | +180.5% | |
| 13.20 | 47.08 | 35.25 | 98.87 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 25.4 | 25.4 | 25.4 | 25.4 | |
| 765 | 886 | 982 | 1,276 | |
| 139 | 327 | 231 | 353 | |
| 135 | 169 | 141 | 206 | |
| 1,064 | 1,407 | 1,379 | 1,861 | |
| 585 | 702 | 640 | 881 | |
| – | 0.6 | – | – | |
| 131 | 123 | 325 | 364 | |
| 78.6 | 55.1 | 55.4 | 91.5 | |
| 270 | 526 | 360 | 524 | |
| 1,064 | 1,407 | 1,379 | 1,861 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 53.3 | 150 | 299 | 321 | |
| −5 | −318 | −165 | −392 | |
| −41.8 | 142 | −112 | 93.7 | |
| 6.5 | −26 | 21.9 | 22.6 | |
| −292 | −322 | −53.9 | −379 | |
| −239 | −172 | 245 | −58.1 | |
| – | −2.5 | – | – |
Shareholding pattern
- Promoters72.72%
- Public27.28%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 72.72% | 27.28% | 0.00 | |
| 30 Jun 2026 | 72.72% | 27.28% | 0.00 | |
| 31 Mar 2026 | 72.72% | 27.28% | 0.00 | |
| 31 Dec 2025 | 72.72% | 27.28% | 0.00 | |
| 30 Sep 2025 | 72.72% | 27.28% | – |
Major shareholders
Filings & events
News
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