SEAMECLTD

SEAMEC share price & financials

Price
₹1,366.8
Market cap
₹4.0k Cr
Sector
Services
Calls analysed
6
Latest concall · Q1 FY27 · call held 14 Aug 2026

SEAMEC Ltd Q1 FY27

Consolidated Revenue ₹297 cr +41%Consolidated EBITDA ₹124 cr Consolidated EBITDA Margin 41.75% Consolidated PAT ₹81 cr +7%

What went well

  • Consolidated Revenue of INR 297 crores, up 41% YoY from INR 211 crores.
  • Consolidated PAT of INR 81 crores, up 6.5% YoY from INR 76 crores.
  • Healthy fleet utilization, efficient project execution, and disciplined cost management contributed to strong performance.

What to watch

  • Paladin vessel was non-operational in Q1 FY27 due to Middle East conflict, incurring costs without revenue.
  • Seamec III, Princess, and Glorious were off-hired during the monsoon period, impacting Q1 utilization.
Read the full call →

What SEAMEC Ltd does

SEAMEC Limited owns and operates diving support vessels (DSVs), an offshore support vessel (OSV) and an accommodation barge that carry out subsea inspection-repair-maintenance (IMR), ROV operations, subsea construction, pollution control, fire-fighting and rescue services for oil & gas operators such as ONGC in Indian and international waters. It also runs a bulk-carrier shipping business through overseas subsidiaries, has diversified into chemical manufacturing via a subsidiary, and has undertaken tunnel-construction (NATM) work through a joint venture. The company is a subsidiary of HAL Offshore Limited and part of the MMG Group.

Segments

  • Offshore Shipping (DSV/OSV)
  • Bulk Carrier
  • Tunnel Construction
  • Chemicals
Owned & operated fleet
6 DSVs, 1 OSV and 1 accommodation barge
Fleet vessels (offshore)
Seamec II, Seamec III, Seamec Princess, Seamec Paladin, Seamec Swordfish, Seamec Agastya (DSVs), Seamec Diamond (OSV), Seamec Glorious (barge)
Bulk carrier fleet
2 vessels (Seamec Gallant, Asian Pearl) operated via overseas subsidiaries
Market position
India's largest fleet of multi-support offshore vessels
Subsidiaries
5 (Seamec International FZE, Seamate Shipping FZC, Seamec UK Investments Ltd, Aarey Organic Industries Pvt Ltd, and JV Seamec Nirman Infra Ltd)
Parent group
Subsidiary of HAL Offshore Limited; part of MMG Group
Founded 1986Headquarters Mumbai, India Company website

Guidance record · Q1 FY27

what the last two calls moved 15 tracked 2 delivered 1 missed 12 open
  • Overall Performance delivered said Q4 FY25 Promised: FY '26 should be better than FY '25 Q1 FY27: Promise remains achieved from FY26. No new updates.
  • UK Business Cash Flow at risk said Q4 FY25 Promised: cash flow positive starting FY '26-'27 onwards Q1 FY27: No mention of the UK business or its path to breakeven in the Q1 FY27 call. Management focus has shifted to the Middle East.
  • FY27 Bottom Line Growth at risk said Q4 FY26 Promised: expecting about 15% growth in bottom line next year (FY27) Q1 FY27: Q1 FY27 consolidated PAT grew only 6.5% YoY to INR 81 crores, lagging the 15% annual target. Performance was impacted by non-operational costs for the Paladin vessel.

All 15 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 40.8%, net profit up 1.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue78 140 194 201 82 +5%303 +116%315 +62%283 +41%
EBITDA13 44 92 94 0 −100%130 +195%137 +49%117 +24%
Net profit3 2 59 80 -26 −967%101 +4950%87 +47%81 +1%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +93.7% 1Y

₹0.8k₹1.0k₹1.2k₹1.4k₹1.6k₹1.8kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 11 Nov 2025Q3 FY26 — 2 Feb 2026Q4 FY26 — 19 May 2026Q1 FY27 — 14 Aug 2026

1Y: ₹923.1 on 10 Sept 2025 → ₹1,788.4. High ₹1,793.6 (4 Sept 2026), low ₹790.7 (10 Nov 2025).

How the price took the results

close before → close after

Q1 FY27
+0.6%
14 Aug
Q4 FY26
+4.7%
19 May
Q3 FY26
+0.7%
2 Feb
Q2 FY26
+5.4%
11 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 28.2% a year over 3 years, FY23 to FY26. Operating margin widened to 40.1%.

Year endingFY23FY24FY25FY26
Revenue₹428 Cr₹682 Cr₹617 Cr₹901 Cr
Operating profit₹126 Cr₹249 Cr₹223 Cr₹361 Cr
Operating margin29.4%36.5%36.1%40.1%
Interest₹6 Cr₹11 Cr₹13 Cr₹18 Cr
Depreciation₹107 Cr₹106 Cr₹116 Cr₹131 Cr
Net profit₹37 Cr₹186 Cr₹115 Cr₹242 Cr
Net margin8.6%27.3%18.6%26.9%
Cash from operations₹97 Cr₹166 Cr₹425 Cr₹242 Cr
Free cash flow₹-175 Cr₹68 Cr₹373 Cr₹-31 Cr
ROCE5.0%20.0%12.0%20.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹25 Cr₹25 Cr₹25 Cr₹25 Cr₹25 Cr₹25 Cr
Reserves₹545 Cr₹620 Cr₹662 Cr₹846 Cr₹1.0k Cr₹1.2k Cr
Borrowings₹6 Cr₹67 Cr₹55 Cr₹243 Cr₹405 Cr₹297 Cr
Other liabilities₹58 Cr₹49 Cr₹111 Cr₹130 Cr₹144 Cr₹166 Cr
Total liabilities₹634 Cr₹762 Cr₹852 Cr₹1.2k Cr₹1.6k Cr₹1.7k Cr
Fixed assets₹143 Cr₹273 Cr₹470 Cr₹415 Cr₹693 Cr₹520 Cr
Capital work in progress₹0 Cr₹2 Cr₹0 Cr₹1 Cr₹208 Cr₹0 Cr
Investments₹227 Cr₹274 Cr₹161 Cr₹226 Cr₹309 Cr₹697 Cr
Other assets₹265 Cr₹213 Cr₹221 Cr₹603 Cr₹414 Cr₹476 Cr
Total assets₹634 Cr₹762 Cr₹852 Cr₹1.2k Cr₹1.6k Cr₹1.7k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +2.68 pp while DIIs trimmed −1.78 pp. The shareholder count grew 5% to 18,049.

Promoters
72.7%
FIIs
5.9%
DIIs
4.4%
Government
0.0%
Public
16.9%

Since Jun 2025

  • FIIs +2.68 pp
  • DIIs −1.78 pp
  • Public −1.30 pp

How it drifted, 12 quarters

Over this window the public fell from 25.3% to 16.9% — −8.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 72.0%, FIIs 2.6%, Government 0.0%, Public 25.3%.Dec '23: Promoters 72.0%, FIIs 3.0%, DIIs 1.8%, Government 0.0%, Public 23.1%.Mar '24: Promoters 72.0%, FIIs 3.1%, DIIs 5.4%, Government 0.0%, Public 19.4%.Jun '24: Promoters 72.3%, FIIs 3.8%, DIIs 5.0%, Government 0.0%, Public 18.9%.Sep '24: Promoters 72.3%, FIIs 4.1%, DIIs 6.2%, Government 0.0%, Public 17.4%.Dec '24: Promoters 72.3%, FIIs 3.4%, DIIs 6.5%, Government 0.0%, Public 17.8%.Mar '25: Promoters 72.3%, FIIs 3.0%, DIIs 6.6%, Government 0.0%, Public 18.0%.Jun '25: Promoters 72.3%, FIIs 3.3%, DIIs 6.2%, Government 0.0%, Public 18.3%.Sep '25: Promoters 72.7%, FIIs 3.6%, DIIs 3.8%, Government 0.0%, Public 19.9%.Dec '25: Promoters 72.7%, FIIs 3.4%, DIIs 4.1%, Government 0.0%, Public 19.8%.Mar '26: Promoters 72.7%, FIIs 3.7%, DIIs 4.5%, Government 0.0%, Public 19.1%.Jun '26: Promoters 72.7%, FIIs 5.9%, DIIs 4.4%, Government 0.0%, Public 16.9%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of SEAMEC Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Hal Offshore Limited 70.77%unchanged
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund3.58%unchanged
Legends Global Opportunities (Singapore) Pte. Ltd. FPI fund2.19%unchanged
Sanjeev Agrawal 1.56%unchanged
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 1.16%unchanged
Deepti Agrawal 0.39%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in SEAMECLTD

Filings to Aug 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds
₹153 Cr
1 schemes
Biggest holder
Nippon India Small Cap Fund
₹153 Cr · 0.2% of that fund
SchemeHoldingLast month
Nippon India Small Cap Fund Nippon India Mutual Fund₹153 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on
+31%
vs est. average cost
Held by funds
₹153 Cr
1 schemes · ≈ 3.1% of the company

Shares held by these funds 0%

Dec '23 9.11 L shares Jul '26

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse SEAMEC Ltd

Guides on how to read this kind of business and the numbers that matter.