Seamec

Quick check

The five things to look at first. Open one for more.

• DebtAdequate safetyRated A+ by CRISIL.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 41% and profit rose 6.6% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 73% of the company, about the same as in Jun 2025.
• ValuationCheap vs its pastThe share trades at 15.1 times its yearly earnings (P/E), cheaper than 97% of the time in the last 5 years. Its usual P/E is about 26.

Seamec against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)15.1 against a typical 10.7: pricier than most peers (1st = cheapest).8th of 13
• Sales growth+40.8% against a typical +35.1% from a year earlier.4th of 10
• Profit growth+6.6% against a typical +101.7% from a year earlier.6th of 6
• Share price, 3 months+10.4% against a typical −5.1%.4th of 13
• Size₹ 3,925.8 Cr. market value against a typical ₹ 303.8 Cr. (1st = largest).4th of 13

Exchange filings and their impact on the company.

• 28 Oct 2026UpdatesMedium impactPositive
  Glorious back on hire restores a full vessel-year of high-margin revenue.

  Seamec said its barge SEAMEC GLORIOUS was taken on-hire from 11:15 pm on 26 October 2026. This follows its July and August updates on the vessel's deployment and drydock completion. With the barge back to work, Seamec restores a full earning vessel for the next year, supporting revenue and profit.

  Full analysisFiling
• 26 Oct 2026UpdatesLow impactPositivePrice +2.8% that day
  Swordfish fixed and back on hire same day, avoiding any material revenue loss.

  Seamec said its vessel SEAMEC Swordfish is back on hire from 24 October 2026 at 16:27 hrs KSA time after fixing a technical defect. This follows an off-hire notice on the same day, 24 October 2026. With downtime of less than a day, charter earnings resume normally with no material loss.

  Full analysisFiling
• 24 Oct 2026UpdatesLow impactNegativePrice +2.8% on 26 Oct
  Swordfish vessel breakdown puts it off-hire, risking ~Rs 8-20 cr near-term revenue loss.

  Seamec said its vessel SEAMEC SWORDFISH was taken off-hire from 06:30 hrs (KSA) on 24 October 2026 due to a technical breakdown. The company said repairs are being done on priority and resumption will be informed later. With one vessel out of service, charter revenue will be hit for the repair period plus repair costs until it returns to work.

  Full analysisFiling
• 21 Oct 2026AgreementsHigh impactPositivePrice +0.1% on 22 Oct
  Seamec won a ~Rs 484 cr ($55m) 1,225-day charter for SEAMEC ANANT for ONGC work via promoter HAL, adding ~14% to annual revenue.

  Seamec has signed a contract on October 21, 2026 with promoter HAL Offshore for charter hire of vessel SEAMEC ANANT for ONGC IMR jobs. The charter is for about 1,225 days with a total value of about USD 55 million (about Rs 484 crore) excluding GST, subject to HAL's agreement with ONGC. This secures deployment for over three years and adds material multi-year revenue visibility, disclosed as an arm's-length related-party transaction.

  Full analysisFiling
• 14 Oct 2026UpdatesHigh impactPositivePrice −1.1% on 15 Oct
  Seamec added vessel SEAMEC ANANT to its fleet, lifting revenue capacity by ~15% over the next year.

  Seamec Limited took over the vessel SEAMEC ANANT from HAL Offshore Limited at Kakinada on 14 October 2026 at 13:10 hours. This completes the purchase process first disclosed on 21 July 2026 and updated on 31 August 2026. The additional vessel expands Seamec's operating offshore fleet and should start contributing to charter revenue, with earnings partly offset by depreciation and debt funding for the purchase.

  Full analysisFiling
• 9 Oct 2026General UpdatesLow impactPositivePrice +3.5% on 12 Oct
  SEAMEC PRINCESS finished drydock and is back available for charter, restoring revenue.

  Seamec Limited informed that its vessel SEAMEC PRINCESS completed statutory drydocking on 9 October 2026 at 19:13 hrs. The vessel is now available for deployment after being off-hire for maintenance. This restores fleet earning capacity and should modestly support revenue and profit over the next 12 months.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Vinay Kumar Agarwal

Chief Financial Officer

Naveen Mohta

Whole Time Director

S. N. Mohanty

Company Secretary and President - Corporate Affairs and Legal