Seamec Ltd
NSE:SEAMECLTD
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Seamec Ltd
NSE:SEAMECLTD
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Seamec Ltd
SEAMEC Ltd. engages in the provision of marine, construction, and diving services to offshore oilfields. The company is headquartered in Kolkata, West Bengal and currently employs 48 full-time employees. The firm operates through two segments: Domestic and Overseas. The company operates multi support vessels for providing support services, including marine, construction and diving services to offshore oilfields and bulk carrier vessels for providing bulk carrier services. The company provides DSVs and turnkey subsea solutions requiring provision of divers and ROVs as well as third party vessel management services for DSVs. The company operates in two distinct verticals of the shipping business, such as offshore shipping and main fleet shipping. Its offshore fleets include SEAMEC II, SEAMEC III, SEAMEC PRINCESS and SUBTECH PALADIN. The firm owns and operates four multi-support vessels for the provision of diving services, manned and unmanned subsea operations and related activities. The firm caters in both domestic as well as international market.
SEAMEC Ltd. engages in the provision of marine, construction, and diving services to offshore oilfields. The company is headquartered in Kolkata, West Bengal and currently employs 48 full-time employees. The firm operates through two segments: Domestic and Overseas. The company operates multi support vessels for providing support services, including marine, construction and diving services to offshore oilfields and bulk carrier vessels for providing bulk carrier services. The company provides DSVs and turnkey subsea solutions requiring provision of divers and ROVs as well as third party vessel management services for DSVs. The company operates in two distinct verticals of the shipping business, such as offshore shipping and main fleet shipping. Its offshore fleets include SEAMEC II, SEAMEC III, SEAMEC PRINCESS and SUBTECH PALADIN. The firm owns and operates four multi-support vessels for the provision of diving services, manned and unmanned subsea operations and related activities. The firm caters in both domestic as well as international market.
Record Quarter: Seamec delivered its highest-ever quarterly revenue and profitability, driven by exceptional vessel deployment and strong execution.
Revenue Surge: Consolidated Q3 revenue rose 138% year-on-year to INR 331 crores, with EBITDA and PAT also showing sharp increases.
Sustained Charter Rates: Management expects current strong charter rates to remain steady for the foreseeable future, supporting revenue visibility.
Fleet Expansion: Acquisition and deployment of new vessels like Agastya and Anant are on track, with Anant expected to be operational in Q1 FY'27.
Growth Outlook: Management guided for continued annual growth, emphasizing year-over-year performance over quarterly fluctuations.
Operational Discipline: Most vessels are at high utilization; temporary vessels in dry dock may cause short-term revenue dips, but overall outlook remains positive.
Balance Sheet Strength: Net debt is at or below zero, and future cash flows will primarily fund growth and selective debt repayment.
