SEAMEC LtdNSE:SEAMECLTD
Current view Q4 2026
Owns India's biggest fleet of offshore oil-field support ships. Record FY26 - sales up 46% and profit doubled as new vessels and high charter rates kicked in. Earnings stay lumpy and it pays heavy promoter fees.
Latest exchange filings last 5 · 5 after Q4 2026
- 17 Sep ’26Intimation of Schedule of Analyst / Institutional Investor meetings under SEBI (LODR), Regulations 2015 ↗
- 17 Sep ’26Sale of bulk carrier SEAMEC GALLANT completed on 17 Sept 2026. ↗
- 16 Sep ’26Vessel SAMUDRA SEVAK resumed ONGC contract on 16 September 2026 at 10:20 hrs. ↗
- 16 Sep ’26SEAMEC AGASTYA off-hired due to technical reasons from 15 September 2026, 17:00 hrs. ↗
- 10 Sep ’26Vessel SEAMEC AGASTYA returned to field and on-hired from 10 September 2026, 16:30 hrs. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +63.5% | +3.1% | +29.6% | +29.9% |
| Operating profit | ▲ +96.3% | +16.9% | +45.0% | +21.5% |
| EPS | ▲ +140.8% | +3.9% | +96.8% | +20.6% |
| PAT | ▲ +153.7% | +4.0% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +63.5%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Strong75/100
Cheap, and growing fast. Profit per share grew 60% a year, while the price-tag on its earnings actually got smaller. That gap — real growth nobody has paid up for — is exactly what this score looks for.
₹1,684 → ₹3,369 needs the P/E at 8.3× — it is 17× today, and has ranged 13× to 75× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 12× — below anything it traded at in 5 years.
At ₹2,768 the price-tag on its earnings reaches the 28× it is being projected toward — the point where being cheap against that yardstick is used up.
Earnings delivered, market hasn't paid yet. The pre-re-rate zone — read the concall.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a small-cap at ₹4,349 cr, so the odds of a re-rate are not fighting its own size.
Growth rate used: 60.0% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR, capped at 60%. Latest quarter reads 60%.
How it compares with its rivals Logistics · 6 of 9 listed
It earns 20% on its capital, third of 6, and it is the second most expensive of the 5 shown.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| SEAMEC Ltd | ₹1,730 | 17.1× | ₹4,398 Cr | 19.7% | +7.2% | +40.8% |
| GE Shipping Co | ₹1,426 | 5.4× | ₹20,362 Cr | 15.8% | +159.4% | +66.9% |
| S C I | ₹273 | 7.8× | ₹12,707 Cr | 13.9% | +74.9% | +40.3% |
| Shreeji Ship. Gl | ₹701 | 71.5× | ₹11,425 Cr | 26.4% | +19.1% | +29.6% |
| ABS Marine | ₹294 | 9.2× | ₹722 Cr | 20.7% | +154.9% | +83.5% |
| Transworld Shipp | ₹165 | — | ₹362 Cr | -4.5% | +427.9% | −25.9% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | wider, but it has moved around a lot | operating margin 23% → 42% over 3 years |
|---|---|---|
| Did the profit turn into cash? | most of it arrived as cash | 83% last year, 98% over three · free cash flow −₹58 cr, positive in 1 of 5 years |
| Is the growth borrowed? | lightly borrowed | ₹353 cr — 0.27× its own equity (was 0.23×) |
| Is it being collected? | customers are taking longer to pay | 120 days to collect, up 31 in a year · cash cycle 120 days |
| Who has been buying? | the promoters have held steady | promoters 72.7% (+0.4 in a year), 72.0% → 72.7% over 2.8 years · FIIs 5.9% (+2.7) · DIIs 4.4% (−1.8) · shareholders 14,112 → 18,049 |
| What does it earn on its capital? | earns a fair return on its capital | ROCE 19.7% · ROE 21.2% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company is expected to give good quarter
- Company has delivered good profit growth of 46.0% CAGR over last 5 years
Against it
- Stock is trading at 3.37 times its book value
- Tax rate seems low
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.