SEAMEC Ltd (SEAMECLTD) — share price & stock analysis
From losses in FY14 and FY17 to record profits — the comeback is real, the price knows it.
SEAMEC Ltd (SEAMECLTD) trades at ₹1,420 as of 1 July 2026, up 62% over the past year — beating NIFTY 500 for 36 weeks. The machine reads this as turnaround: from losses in FY14 and FY17 to record profits — the comeback is real, the price knows it. the price is in Stage 2 — advancing, 27 weeks in; the business cycle reads DEEP CYCLICAL / EXPANSION. Fundamentals-momentum score: 89/100 (mostly improving).
Data as of 1 July 2026 · every number traces to its Screener source column · not investment advice.
- Market cap
- ₹3,610 Cr
- P/E
- 14.4×
- ROE
- 21.8%
- Book value / share
- ₹512
- Revenue (FY26)
- ₹952 Cr
- Profit after tax (FY26)
- ₹254 Cr
- Weinstein stage
- Stage 2 (27 weeks)
- Data as of
- 1 July 2026
Profits swing violently in this business — real losses in FY14 and FY17. That is what “deep cyclical” means: the same company looks brilliant at the top of its cycle and broken at the bottom.net_profit
Where the clock stands now: earnings sit at 100% of their historical range, margins are near the top of their band, and valuation history is thin. That reads as EXPANSION — the comfortable middle — but the records are already on the table; from here the bet is that they keep coming.net_profit
5 of the 6 things we track are currently moving the right way — nearly everything is pulling in the same direction.
Where the levels actually stand: ROCE 20% — a high-quality engine; effectively no debt; margins near the top of their band. Momentum says which way things are moving; these say where they are.
Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.
Stage 2: the trend is up, and has been for 27 weeks
STAGE 2 · ADVANCING · 27 WEEKSPrice trends have a life cycle: they base (1), advance (2), top out (3) and decline (4). This chart is in Stage 2: advancing — 27 weeks so far, confirmed.stage
The price sits above its rising 200-day average (₹1,294 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200
Beating NIFTY 500 for 36 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield
What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200
Data: Weekly price, moving averages and stage (sampled — full series in the embedded dataset)
| Period | Price (₹) | 200-DMA (₹) | 50-DMA (₹) | Stage |
|---|---|---|---|---|
| Feb 16 | 78.5 | 102 | 90.2 | 4 |
| May 16 | 86.3 | 94.2 | 85.4 | 4 |
| Aug 16 | 92.0 | 96.1 | 98.1 | 2 |
| Nov 16 | 89.8 | 94.4 | 93.4 | 4 |
| Jan 17 | 84.2 | 89.8 | 84.8 | 4 |
| Apr 17 | 117 | 91.7 | 97.3 | 4 |
| Jul 17 | 159 | 110 | 137 | 2 |
| Oct 17 | 137 | 127 | 143 | 2 |
| Dec 17 | 183 | 142 | 160 | 2 |
| Mar 18 | 185 | 160 | 182 | 2 |
| Jun 18 | 247 | 191 | 235 | 2 |
| Sep 18 | 276 | 230 | 276 | 2 |
| Nov 18 | 198 | 229 | 229 | 4 |
| Feb 19 | 335 | 242 | 274 | 2 |
| May 19 | 476 | 319 | 417 | 2 |
| Aug 19 | 385 | 377 | 432 | 2 |
| Nov 19 | 377 | 371 | 375 | 3 |
| Jan 20 | 463 | 417 | 466 | 2 |
| Apr 20 | 324 | 389 | 339 | 4 |
| Jul 20 | 416 | 370 | 358 | 4 |
| Oct 20 | 434 | 386 | 403 | 2 |
| Dec 20 | 440 | 400 | 425 | 2 |
| Mar 21 | 414 | 428 | 459 | 2 |
| Jun 21 | 463 | 432 | 447 | 2 |
| Sep 21 | 843 | 506 | 632 | 2 |
| Nov 21 | 1,036 | 780 | 1,085 | 2 |
| Feb 22 | 1,199 | 926 | 1,121 | 2 |
| May 22 | 896 | 1,020 | 1,125 | 2 |
| Aug 22 | 843 | 978 | 923 | 4 |
| Oct 22 | 1,121 | 1,032 | 1,108 | 2 |
| Jan 23 | 836 | 990 | 927 | 4 |
| Apr 23 | 708 | 861 | 697 | 4 |
| Jul 23 | 738 | 779 | 673 | 4 |
| Sep 23 | 633 | 733 | 659 | 4 |
| Dec 23 | 942 | 771 | 847 | 2 |
| Mar 24 | 1,080 | 926 | 1,098 | 2 |
| Jun 24 | 1,089 | 986 | 1,068 | 2 |
| Aug 24 | 1,587 | 1,182 | 1,444 | 2 |
| Nov 24 | 1,103 | 1,259 | 1,331 | 2 |
| Feb 25 | 896 | 1,178 | 1,064 | 4 |
| May 25 | 857 | 1,087 | 969 | 4 |
| Aug 25 | 792 | 983 | 857 | 4 |
| Oct 25 | 859 | 944 | 886 | 4 |
| Jan 26 | 1,059 | 961 | 1,006 | 2 |
| Apr 26 | 1,525 | 1,124 | 1,340 | 2 |
| Jun 26 | 1,584 | 1,277 | 1,534 | 2 |
| Jul 26 | 1,420 | 1,294 | 1,495 | 2 |
Losses, then a rebuild: profits are at an all-time high
Over 12 years, sales went from ₹408 Cr to ₹952 Cr (about 7% a year), and profit from ₹−2.0 Cr to ₹254 Cr.revenuenet_profit
The books show real losses in FY14 and FY17 (worst: ₹−149 Cr). Everything about today’s cheap-looking numbers must be read against that history — the recovery is what you are buying.net_profit
Data: Revenue by year
| Period | Revenue (₹ Cr) |
|---|---|
| FY14 | 408 |
| FY15 | 350 |
| FY16 | 328 |
| FY17 | 208 |
| FY18 | 194 |
| FY19 | 314 |
| FY20 | 384 |
| FY21 | 257 |
| FY22 | 350 |
| FY23 | 437 |
| FY24 | 729 |
| FY25 | 652 |
| FY26 | 952 |
Data: Profit by year
| Period | Profit after tax (₹ Cr) |
|---|---|
| FY14 | -2 |
| FY15 | 122 |
| FY16 | 5 |
| FY17 | -149 |
| FY18 | 1 |
| FY19 | 82 |
| FY20 | 133 |
| FY21 | 99 |
| FY22 | 84 |
| FY23 | 34 |
| FY24 | 121 |
| FY25 | 88 |
| FY26 | 254 |
Data: OPM % by year
| Period | OPM % (%) |
|---|---|
| FY14 | 9.8 |
| FY15 | 20.3 |
| FY16 | 10.7 |
| FY17 | -53.8 |
| FY18 | 17.0 |
| FY19 | 35.7 |
| FY20 | 44.0 |
| FY21 | 26.5 |
| FY22 | 37.1 |
| FY23 | 29.1 |
| FY24 | 33.3 |
| FY25 | 32.8 |
| FY26 | 42.0 |
Sales exploded 64% last quarter
Mar 26 sales were ₹327 Cr, up 64% on the same quarter last year.revenue
Data: Quarterly sales
| Period | Revenue (₹ Cr) | YoY growth (%) |
|---|---|---|
| Jun 23 | 212 | – |
| Sep 23 | 84.0 | – |
| Dec 23 | 213 | – |
| Mar 24 | 236 | – |
| Jun 24 | 215 | 1.4 |
| Sep 24 | 88.0 | 4.8 |
| Dec 24 | 149 | -30.0 |
| Mar 25 | 200 | -15.3 |
| Jun 25 | 211 | -1.9 |
| Sep 25 | 97.0 | 10.2 |
| Dec 25 | 317 | 112.8 |
| Mar 26 | 327 | 63.5 |
Margins are widening — 41% → 49% in a year
Of every ₹100 of sales, the company keeps ₹48.7 as operating profit (a year ago it kept ₹40.6).opm_pct
Zoom out and this is the page's quiet hero: annual operating margin bottomed at 26.5% in FY21 and has been rebuilt to 42.0% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit
The gross margin barely moved (100% → 100%), so the change came from running costs — the business is getting more efficient as it scales.gpm_pctopm_pct
Data: Three margins, quarterly
| Period | Gross (%) | Operating (%) | Net (%) |
|---|---|---|---|
| Jun 23 | 100 | 22.7 | 12.2 |
| Sep 23 | 100 | 19.2 | -17.1 |
| Dec 23 | 100 | 42.5 | 26.5 |
| Mar 24 | 100 | 36.9 | 22.3 |
| Jun 24 | 100 | 33.9 | 19.4 |
| Sep 24 | 100 | 17.6 | 0.2 |
| Dec 24 | 100 | 29.6 | -2.2 |
| Mar 25 | 100 | 40.7 | 20.5 |
| Jun 25 | 100 | 45.9 | 35.9 |
| Sep 25 | 100 | 8.1 | -26.4 |
| Dec 25 | 100 | 42.8 | 31.5 |
| Mar 26 | 100 | 48.7 | 31.7 |
Profit exploded 154% — mostly from selling more
Mar 26 profit after tax was ₹104 Cr, up 154% year on year.net_profit
Data: Quarterly profit after tax
| Period | PAT (₹ Cr) | YoY growth (%) |
|---|---|---|
| Jun 23 | 26.0 | – |
| Sep 23 | -14.0 | – |
| Dec 23 | 56.0 | – |
| Mar 24 | 53.0 | – |
| Jun 24 | 50.0 | 92.3 |
| Sep 24 | 0.0 | 100.0 |
| Dec 24 | -3.0 | -105.4 |
| Mar 25 | 41.0 | -22.6 |
| Jun 25 | 76.0 | 52.0 |
| Sep 25 | -26.0 | – |
| Dec 25 | 100 | 3,433.3 |
| Mar 26 | 104 | 153.7 |
The single biggest driver was selling more.
Data: Where the profit change came from (Mar 25 → Mar 26)
| Component | Effect (₹ Cr) |
|---|---|
| PAT Mar 25 | 41 |
| More sales | +51 |
| Fatter margins | +27 |
| Other income | −7 |
| Depreciation | −16 |
| Interest | −2 |
| Tax | +10 |
| PAT Mar 26 | 104 |
The profits are real — they turn into cash
Over the last 5 profitable years, the business reported ₹581 Cr of profit and collected ₹917 Cr of operating cash — about 158% conversion.operating_cash_flownet_profit
When cash tracks profit this closely, the earnings need no asterisk.
Data: Cash collected vs profit reported (annual)
| Period | Operating cash flow (₹ Cr) | Profit after tax (₹ Cr) |
|---|---|---|
| FY14 | 29.0 | -2.0 |
| FY15 | 91.0 | 122 |
| FY16 | 11.0 | 5.0 |
| FY17 | 13.0 | -149 |
| FY18 | 29.0 | 1.0 |
| FY19 | 97.0 | 82.0 |
| FY20 | 234 | 133 |
| FY21 | 106 | 99.0 |
| FY22 | 94.0 | 84.0 |
| FY23 | 53.0 | 34.0 |
| FY24 | 150 | 121 |
| FY25 | 299 | 88.0 |
| FY26 | 321 | 254 |
The cash cycle is stretching — more money stuck in the pipeline
One rupee now takes about 120 days to go out the door as materials and come back as collected cash — up from 89 days the year before.cash_conversion_cycle
The biggest mover: customers taking longer to pay (89 → 120 days).debtor_days
Data: Days of cash locked up (annual)
| Period | Customers owe (debtor days) (days) |
|---|---|
| FY14 | 133 |
| FY15 | 130 |
| FY16 | 208 |
| FY17 | 191 |
| FY18 | 221 |
| FY19 | 190 |
| FY20 | 148 |
| FY21 | 112 |
| FY22 | 41.0 |
| FY23 | 88.0 |
| FY24 | 114 |
| FY25 | 89.0 |
| FY26 | 120 |
The asset base keeps compounding — this company builds
The productive asset base has gone from ₹233 Cr (FY14) to ₹897 Cr.fixed_assetscwip
The build is bigger than the cash engine: investing outflows (₹873 Cr) exceeded operating cash (₹770 Cr) over the last 3 years — the difference comes from debt or shareholders.investing_cash_flowoperating_cash_flow
Data: Assets in place vs under construction (annual)
| Period | Fixed assets (₹ Cr) | Under construction (CWIP) (₹ Cr) |
|---|---|---|
| FY14 | 233 | 0.0 |
| FY15 | 217 | 0.0 |
| FY16 | 174 | 0.0 |
| FY17 | 206 | 1.0 |
| FY18 | 168 | 0.0 |
| FY19 | 236 | 0.0 |
| FY20 | 248 | 1.0 |
| FY21 | 291 | 0.0 |
| FY22 | 411 | 2.0 |
| FY23 | 585 | 0.0 |
| FY24 | 717 | 1.0 |
| FY25 | 655 | 0.0 |
| FY26 | 897 | 0.0 |
Almost no debt — this company cannot be killed by a bad year
For every ₹100 shareholders have put in (and left in), the company has borrowed ₹27 — total borrowings have grown from ₹0.0 Cr to ₹353 Cr over the window.borrowings
Data: Total borrowings (annual)
| Period | Borrowings (₹ Cr) |
|---|---|
| FY14 | 0.0 |
| FY15 | 13.0 |
| FY16 | 28.0 |
| FY17 | 18.0 |
| FY18 | 7.0 |
| FY19 | 72.0 |
| FY20 | 73.0 |
| FY21 | 96.0 |
| FY22 | 127 |
| FY23 | 139 |
| FY24 | 327 |
| FY25 | 231 |
| FY26 | 353 |
Data: Debt vs shareholders’ money (annual)
| Period | Debt ÷ equity (x) |
|---|---|
| FY14 | 0.0 |
| FY15 | 0.0 |
| FY16 | 0.1 |
| FY17 | 0.1 |
| FY18 | 0.0 |
| FY19 | 0.2 |
| FY20 | 0.1 |
| FY21 | 0.2 |
| FY22 | 0.2 |
| FY23 | 0.2 |
| FY24 | 0.4 |
| FY25 | 0.2 |
| FY26 | 0.3 |
Every ₹100 kept in the business now earns ₹20 — and the number is rising
Return on capital employed is 20.0% (a year ago: 9.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct
Rising returns on capital while growing is the rarest combination in investing — it means the new projects earn more than the old ones.roce_pct
Data: Returns on capital (annual)
| Period | ROCE (%) |
|---|---|
| FY14 | 1.0 |
| FY15 | 10.0 |
| FY16 | 2.0 |
| FY17 | -32.0 |
| FY18 | 1.0 |
| FY19 | 21.0 |
| FY20 | 25.0 |
| FY21 | 7.0 |
| FY22 | 10.0 |
| FY23 | 3.0 |
| FY24 | 12.0 |
| FY25 | 9.0 |
| FY26 | 20.0 |
Institutions bought the story, then started backing away
Promoters hold 72.7%, essentially unchanged. Foreign funds own 3.7%, domestic funds 4.5%.promoters_pctfiis_pctdiis_pct
Data: Who holds the shares, quarterly
| Period | Promoters (%) | Foreign funds (%) | Domestic funds (%) |
|---|---|---|---|
| Jun 23 | 72.1 | 2.7 | 0.0 |
| Sep 23 | 72.1 | 2.7 | 0.0 |
| Dec 23 | 72.1 | 3.1 | 1.8 |
| Mar 24 | 72.1 | 3.2 | 5.4 |
| Jun 24 | 72.3 | 3.8 | 5.0 |
| Sep 24 | 72.3 | 4.1 | 6.2 |
| Dec 24 | 72.3 | 3.4 | 6.5 |
| Mar 25 | 72.3 | 3.1 | 6.6 |
| Jun 25 | 72.3 | 3.3 | 6.2 |
| Sep 25 | 72.7 | 3.6 | 3.8 |
| Dec 25 | 72.7 | 3.4 | 4.1 |
| Mar 26 | 72.7 | 3.7 | 4.5 |
- Promoters are not selling. Their stake has moved 0.4 points or less in 8 quarters — it sits at 72.7%.promoters_pct
- There is no debt story here. Borrowings are ₹27 per ₹100 of shareholders’ money — too small to matter, in either direction.borrowings
Strong on the data — worth the deeper look if the story keeps its promises
The numbers lean positive, and the price is roughly fair to the delivery so far.
Best thing in the data: profit rising (₹41.0 Cr → ₹104 Cr).net_profit
Biggest worry: free cash flow falling (₹134 Cr → ₹−71.0 Cr).operating_cash_flow
Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.
Straight answers from the data
What does SEAMEC Ltd do?
SEAMEC Ltd owns and operates 4 multi-support vessels for the provision of diving services, manned and unmanned subsea operations and related activities. It has also diversified into main fleet shipping vertical by acquiring 3 bulk carriers of various sizes.[1] It owns the largest fleet of multi-functional vessels in India.[2]. It is listed in the Shipping sector with a market capitalisation of ₹3,610 Cr.
What is SEAMEC Ltd's share price?
As of 1 July 2026, SEAMEC Ltd trades at ₹1,420, up 62% over the past year, with a market capitalisation of ₹3,610 Cr. Beating NIFTY 500 for 36 weeks. Prices are weekly closes from Screener data; this page refreshes with each weekly update.
What is SEAMEC Ltd's share price target?
Sector Alpha does not publish broker-style price targets. Our discounted-cash-flow model estimates SEAMEC Ltd's intrinsic value at ₹2,330 per share under base assumptions (bear ₹1,084, bull ₹2,330), against the current price of ₹1,420 — a 47% margin of safety. The current price already implies roughly 7% annual earnings growth. These are model estimates, not forecasts — treat them as one input alongside the valuation history below, not as a target.
What did SEAMEC Ltd report in its latest quarterly results?
In its most recent reported quarter (Q4 FY26, quarter ended March 2026): Mar 26 sales were ₹327 Cr, up 64% on the same quarter last year. Mar 26 profit after tax was ₹104 Cr, up 154% year on year. Figures are from Screener-scraped quarterly filings; the page updates when the next quarter is filed.
Is SEAMEC Ltd growing?
Sales exploded 64% last quarter. Mar 26 sales were ₹327 Cr, up 64% on the same quarter last year.
Are SEAMEC Ltd's profits growing?
Profit exploded 154% — mostly from selling more. Mar 26 profit after tax was ₹104 Cr, up 154% year on year.
What are SEAMEC Ltd's operating margins?
Margins are widening — 41% → 49% in a year. In the most recent quarter, of every ₹100 of sales, the company keeps ₹48.7 as operating profit (a year ago it kept ₹40.6).
What is SEAMEC Ltd's long-term growth record?
Revenue grew from ₹408 Cr in FY14 to ₹952 Cr in FY26 — a 7.3% compound annual growth rate over 12 years. Profit CAGR is not meaningful across this span — the company reported losses in FY14, FY17.
Is SEAMEC Ltd stock in an uptrend?
Stage 2: the trend is up, and has been for 27 weeks. SEAMEC Ltd is in Stage 2 — advancing, 27 weeks in (confirmed). Stages follow Stan Weinstein's four-phase read of weekly price against the 200-day average: basing (1), advancing (2), topping (3), declining (4).
Why is SEAMEC Ltd stock rising?
The price is up 62% over the past year, in a confirmed Stage 2 uptrend (27 weeks), and has beaten NIFTY 500 for 36 weeks.
Is SEAMEC Ltd beating the NIFTY 500?
Yes — beating NIFTY 500 for 36 weeks, as of 1 July 2026. Relative strength is measured weekly against the NIFTY 500 (Mansfield RS): a positive reading means the stock has outperformed the index over the trailing window, week after week.
Where is SEAMEC Ltd in its business cycle?
The data reads SEAMEC Ltd as a deep cyclical business currently in its expansion phase — earnings at an all-time high for this company. Profits swing violently in this business — real losses in FY14 and FY17. That is what “deep cyclical” means: the same company looks brilliant at the top of its cycle and broken at the bottom.
Who owns SEAMEC Ltd — what is the promoter holding?
Promoters hold 72.7%, essentially unchanged. Foreign funds own 3.7%, domestic funds 4.5%. Shareholding is from Screener's quarterly filings data.
Does SEAMEC Ltd have too much debt?
Almost no debt — this company cannot be killed by a bad year. For every ₹100 shareholders have put in (and left in), the company has borrowed ₹27 — total borrowings have grown from ₹0.0 Cr to ₹353 Cr over the window.
What is the bull case for SEAMEC Ltd?
From losses in FY14 and FY17 to record profits — the comeback is real, the price knows it. Best thing in the data: profit rising (₹41.0 Cr → ₹104 Cr). Sales exploded 64% last quarter.
What is the bear case for SEAMEC Ltd — what could break the story?
Biggest worry: free cash flow falling (₹134 Cr → ₹−71.0 Cr). Two quarters of margins reversing would kill this story. The nearest-term thing to watch: if quarterly growth slips below 32%, the story weakens. This falsification condition is stated up front so the thesis can be checked against incoming quarters, not defended after the fact.
Is SEAMEC Ltd a stock worth studying right now?
Sector Alpha does not publish buy or sell recommendations — this is a research read, not advice. What the data says: strong on the data — worth the deeper look if the story keeps its promises. The numbers lean positive, and the price is roughly fair to the delivery so far. Across the 7-model scorecard the composite research signal is study deeper at 72% confidence. This is machine-written research compiled from Screener data — every number traces to its source — and it is not investment advice. Do your own diligence.