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Seamec Limited (SEAMECLTD) Fair Value & Analysis

Industrials · IN · Market cap ₹37.2B

SL Seamec Limited SEAMECLTD · NSE
Price₹1,561
Fair Value₹1,660
Upside+6.4%
Quality64/100
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Expensive Growth
Highly profitable · 26.4% net margin
Low debt · negative free cash flow
Ranks above peers (8/12)
Wide moat 87/100
Evidence: Medium Range ₹1,245 – ₹2,348 Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 4 days ago

Share price +13.1% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (₹1,245 to ₹2,348) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹1,643 ₹393.49 Fair Value ₹1,660 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹393.49 – ₹1,643 · fair‑value band ₹1,245 – ₹2,348 · the ₹1,561 price screens below the ₹1,660 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Seamec Limited (SEAMECLTD) currently trades at ₹1,561, while our model-based Fair Value estimate is ₹1,660, implying the stock looks roughly 6.4% fairly valued today. The Quality Score stands at 64/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Seamec Limited generated revenue of ₹9.5B at a net margin of 26.4%. Revenue grew 63.8% year over year. It earns a return on equity of 22.0%. Net debt stands at ₹1.6B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹1,245 (bear case) to ₹2,348 (bull case); at ₹1,561, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 107% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 7% fair-value upside, at 6%, SEAMECLTD screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹654.16 ₹867.95 ₹3,478 76
ROIC Compounder ₹987.80 ₹1,462 ₹1,961 72
Growth-Adj P/E ₹1,780 ₹2,543 ₹3,306 68
All 15 models by family
DCF Models
Owner Earnings ₹169.05 ₹370.84 ₹778.38 31
Earnings-Based
Graham-Dodd ₹672.35 ₹4,354 ₹6,091 54
Lynch FV ₹1,265 ₹1,806 ₹2,348 50
PEG = 1.0 ₹1,265 ₹1,806 ₹2,348 46
EPV ₹813.85 ₹950.10 ₹1,069 59
Multiples
P/E Multiple ₹1,557 ₹2,076 ₹2,595 63
P/S Multiple ₹561.92 ₹749.23 ₹936.54 58
P/B Multiple ₹1,261 ₹1,681 ₹2,101 55
EV/EBIT ₹1,212 ₹1,618 ₹2,023 53
EV/EBITDA ₹1,529 ₹2,040 ₹2,551 54
EV/Revenue ₹468.33 ₹670.63 ₹872.92 43
Asset-Based
NCAV (Graham) ₹255.95 ₹342.98 ₹511.91 50
Economic Profit
Residual Income ₹654.16 ₹867.95 ₹3,478 76
ROIC Compounder ₹987.80 ₹1,462 ₹1,961 72
Growth Earnings
Growth-Adj P/E ₹1,780 ₹2,543 ₹3,306 68

Widest divergence: Growth Earnings (₹2,543) versus Asset-Based (₹342.98). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹9.5B
Revenue growth (YoY) +63.8%
Net margin 26.4%
Return on equity 22.0%
Free cash flow −₹553M FY2026
P/E ratio 15.7
More key figures
Operating margin 33.6%
EPS (TTM) ₹98.83
EPS growth (YoY) +141%
Net debt ₹1.6B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 61 · Market factors (momentum, volatility) 76

Profitability 62
Margins and returns on capital today
Quality Growth 90
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 3
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 92
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Seamec Limited provides offshore oilfield and diving support vessel services in India and internationally. The company's services include ROV operation support; inspection, maintenance, removal, and re-installation of single buoy moorings; pigging and retrieval of pigs; de burial and non-destructive testing of pipelines; location and arrest of gas leaks; …

Full company description

Seamec Limited provides offshore oilfield and diving support vessel services in India and internationally. The company's services include ROV operation support; inspection, maintenance, removal, and re-installation of single buoy moorings; pigging and retrieval of pigs; de burial and non-destructive testing of pipelines; location and arrest of gas leaks; replacement of caisson pipes and riser sections; installation and removal of risers; crossings and free span corrections; installation of riser clamps and anodes; flare booms repair; inspections and maintenance of PLEMs and pipelines; blowout control; installation of flexible pipeline; scanning and magnetic particle inspection of platform members; and assistance to jack-ups on well head maintenance. It also engages in charter and ship management and operation; operates shipping lines of freight and passenger transportation, as well as undertakes EPC tunnel projects, including road, railway, metro, soft ground, and water tunnels; and owns and operates bulk carriers. The company was formerly known as South East Asia Marine Engineering & Construction Limited and changed its name to Seamec Limited in June 2007. The company was incorporated in 1986 and is based in Mumbai, India. Seamec Limited is a subsidiary of HAL Offshore Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Seamec Limited reported revenue of ₹9.5B in FY2026 versus ₹3.5B in FY2022, a compound +28.5%/yr. Reported net income was ₹2.5B in FY2026, compounding +31.8%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹9.5B
Latest YoY
+46.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+29.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+30.0%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.5%
Revenue +28.5%/yr
FY22 ₹3.5B
FY23 ₹4.4B
FY24 ₹7.3B
FY25 ₹6.5B
FY26 ₹9.5B
Net income +31.8%/yr
FY22 ₹832M
FY23 ₹330M
FY24 ₹1.2B
FY25 ₹896M
FY26 ₹2.5B
Character of growth · EPS growth decomposed (2015-2026) +12.6 % p.a.
Revenue per share +12.0 pp

of which total revenue +9.1 pp · buybacks/dilution +2.8 pp

EBIT margin −0.4 pp
Tax rate +0.2 pp
Residual (interest, one-offs) +0.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Seamec Limited Fair Value". https://www.fairvalue-calculator.com/stock/SEAMECLTD

Peer Group

Marine Shipping · 232 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 64 · Top 25%
Fair Value upside +6% · Above median
Return on equity (TTM) 22% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) 34% · Top 25%
Revenue growth 64% · Top 25%
Debt / equity 0.15× · Lower than median

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 15.7× · Pricier than median
P/B 2.85× · Pricier than 75% of peers
P/S (TTM) 3.90× · Pricier than 75% of peers
EV/EBITDA 9.3× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 42 · sector 19
FUTURE 100 · sector 19
PAST 88 · sector 27
HEALTH 92 · sector 88
DIVIDEND 0 · sector 56

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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A.P. Møller - Mærsk A/S MAERSKA kr 16,810 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥15.25 ¥49.90 +227%
HMM Co 011200 21,350 KRW 33,795 KRW +58%
JSW Infrastructure Limited JSWINFRA ₹346.60 ₹126.31 -64%
Wan Hai Lines Ltd 2615 87.10 TWD 212.79 TWD +144%
PT Transcoal Pacific Tbk, a shipping company, TCPI 3,640 IDR 368.32 IDR -90%
Pan Ocean Co 028670 5,630 KRW 11,840 KRW +110%
Sociedad Matriz SAAM S.A SMSAAM 137.00 CLP 146.51 CLP +7%
PT Ancara Logistics Indonesia Tbk ALII 795.00 IDR 350.80 IDR -56%

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Frequently asked questions

Is Seamec Limited (SEAMECLTD) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1,660 versus a price of ₹1,561, about +6% (fairly valued).
What is the fair value of SEAMECLTD?
Our model-based fair value for Seamec Limited is ₹1,660 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,561.
What is the quality score of SEAMECLTD?
Seamec Limited has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Seamec Limited (SEAMECLTD)?
Seamec Limited reported trailing-twelve-month revenue of about ₹9.5B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SEAMECLTD?
The net profit margin of Seamec Limited is about 26.4%, meaning it keeps roughly 26.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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