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Earnings Call

Seamec Earnings Call: Key Takeaways

Seamec delivered record FY26 profits driven by high vessel utilization, though geopolitical risks in West Asia remain a critical bottleneck for specific asset deployment.

Why this was an Alfa AlertNot a filter event. Management guided for 15% growth for FY27, which does not meet the material beat threshold.
Highlights
Revenue growthRecord consolidated revenue of ₹1,000cr, up 47% YoY.
MarginsEBITDA margins standing strong at approximately 44% for FY26.
Order bookStrengthened by two significant O&M contracts with Supreme Hydro.
Demand visibilityStrong offshore demand driven by energy security and ONGC projects.
Management confidenceConfident but cautious regarding geopolitical disruptions and vessel mobilization.

Growth

Consolidated revenue grew 47% YoY to ₹1,000cr with PAT jumping 187% to ₹253cr, aided by Seamec Agastya integration.

Outlook

Management guided for 15% growth in top-line and bottom-line for FY27, maintaining 40-42% EBITDA margins.

Risks

Seamec Paladin remains stranded in Dubai due to regional conflict; vessel dry-dock schedules pose near-term downtime risks.

Source

Earnings Call filed with BSE, NSE: SEAMECLTD. Summary written with AI assistance from the document.

Read the document ↗

Seamec Ltd: key numbers

Share price
₹1,712.20
Market cap
₹4,353 Cr
Revenue (annual)
₹952.5 Cr
Net profit (annual)
₹251.4 Cr
P/E (TTM)
16.9×Sector 29.0×
Promoter holding
72.72%+0.00% QoQ
FII holding
5.93%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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