Seamec Limited
4,738words
4turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
10.0%
10%
59%
23%
26%
75%
92%
35.9%
17%
7%
100%
Guidance — 16 items
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opening
“No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.”
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“5 Standalone Financial Highlights of H1 FY26 H1 FY26 H1FY25 Y-o-Y% Rs.”
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“6 Standalone Financial Highlights of H1 FY26 Key Financial Ratios SEAMEC LIMITED ► ► Rs.”
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“9 Consolidated Financial Highlights of H1 FY26 Particulars Revenue Operating Expenses EBITDA EBITDA Margin Finance Cost Depreciation Profit Before Exceptional Items Exceptional Profit/(Loss)* Profit After Exceptional Items Tax Impact Profit After Tax H1 FY26 H1FY25 Y-o-Y% SEAMEC LIMITED Rs.”
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“In crore 338.2 203.6 134.6 39.8% 8.5 72.2 53.9 - 53.9 3.9 50.0 333.2 214.6 118.6 35.6% 8.0 63.7 47.0 8.7 55.7 5.6 50.1 2% 14% 15% -3% -0.2% Revenue YoY- Increase in Revenue is attributable to higher Revenue in the UAE subsidiary EBITDA YoY – Mainly on account of Improvement in Profitability of UAE subsidiary and reduction in cost of Seamec III 10 Consolidated Financial Highlights of H1 FY26 Key Financial Ratios SEAMEC LIMITED ► ► Rs.”
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“(57) Cr Net Debt (0.22) X Net Debt/EBITDA 8% ROCE 8% ROE 1111 Business Update SEAMEC LIMITED • • • • • Entered into MOU with Directorate General of Shipping for a capex of INR 1,000 Crores in a progressive manner Entered into MOU with HAL Offshore Limited for Charter Hire of MV Goodman for ONGC’s NLM9 Project.”
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“Seamec Princess commenced operations in PRP VIII Project and signed an addendum with Posh India Private limited for additional work of PRP VIII and Daman Upside Development Project (DUDP) Charter Hire of Seamec Glorious with L&T for a firm period of 150 days with option for extension.”
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“The vessel is currently undergoing drydock in Colombo and will be resuming operations around end of December 2025.”
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“SEAMEC Nirman Infra Limited undertook the NATM Tunnel construction for the High-Speed Rail Project in Vapi, Gujarat, in a joint venture with Nayavridhi Infra LLP.”
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“With completion of 80% of the project, the company has withdrawn from the project with effect from July due to unavoidable circumstances.”
Risks & concerns — 3 flagged
QoQ – Dry Dock in Seamec II and lower deployment of other vessels due to monsoon resulted in decline in Revenue EBITDA YoY – Reduction in Revenue combined with increase in Manpower cost due to increased headcount and Rise in Seamec Swordfish wage cost.
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In crore SEAMEC LIMITED 314.3 189.5 124.8 39.7% 6.8 59.9 58.1 - 58.1 4.3 53.8 319.5 196.8 122.7 38.4% 7.1 55.7 60.0 - 60.0 5.5 54.5 -2% 2% -3% -3% -1% Particulars Revenue Operating Expenses EBITDA EBITDA Margin Finance Cost Depreciation Profit Before Exceptional Items Exceptional Profit/(Loss) Profit After Exceptional Items Tax Impact Profit After Tax Revenue The decline is mainly on account of Forex Loss, which was mitigated by Insurance claim of Seamec Diamond and Seamec II.
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QoQ – Dry Dock in Seamec II and lower deployment of other vessels due to monsoon resulted in decline in Revenue EBITDA YoY – Reduction in Revenue combined with increase in Manpower cost due to increased headcount and Rise in Seamec Swordfish wage cost.
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Speaking time
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Opening remarks
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a. Regulation 30 (read with Schedule III -Part A) of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) b. ISIN: INE497B01018 Dear Sir / Madam, Pursuant to our intimation letter SEAMEC/BSE&NSE/SMO/ INVESTOR /0611/2025 dated November 06, 2025, kindly note that the Board of Directors of the Company at its meeting held on Monday, November 10, 2025, have inter alia considered and approved Unaudited Standalone & Consolidated Financial Results for the quarter and half year ended September 30, 2025. Enclosed is the Investor Presentation in this regard. The above is made available on the Company’s website i.e. https://www.seamec.in/ This is for your information and record. Yours Faithfully, For SEAMEC LIMITED S.N. Mohanty President – Corporate Affairs, Legal and Company Secretary Please visit us at : www.seamec.in CONTRACTOR MEMBER -®1 IMCA International Marine Contractors Association ~ Q ISO9001 : 2015 Certified by IR
We are fully compliant with
ISO 9001:2015 ISO 14001:2018 ISO 45001:2018 Marine Management System Our robust Marine Management System (MMS) provides seamless connect between onshore office staff and vessel operators, ensuring and strengthening operational safety. Adhering to regulatory requirements, we also carry extensive offshore safety audits of our entire fleet twice a year, ensuring the adequacy of our marine safety operating systems. 20 SEAMEC LIMITED SEAMEC: Strong Asset Portfolio Asset Portfolio – Diving Support Vessels ~ SEAMEC LIMITED o Diving Support Vessels are specialized ships designed to facilitate offshore diving operations quipped with dedicated facilities for divers, advanced diving equipment, and control systems o DSVs provides services, which include S.B.M maintenance removal and installations, Platform, Riser and Pipeline repairs, Subsea constructions and Maintenance operations & deployment of ROV SEAMEC II Built Year: 1982 Procurement Year: 1993 Gross Tonnage: 4,503 SEAMEC III Built Year: 198
Economic Impact
• Significant influence on global economic development. Shaping the future of energy production and consumption USD 525.58 million Increase 5.41% CAGR Market Size Outlook (USD Million) 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 30 Driving Growth in Offshore Oilfields SEAMEC LIMITED 1614 14% 629 *Fig in USD Mn Why Offshore Exploration ? • Depletion of Onshore Reserves: As onshore oil reserves are exhausting; focus is shifting to offshore exploration. • Higher Potential: Offshore oilfields present significant opportunities due to • • their lower depletion rates and greater production capacity. Increased Investment: There is a surge in investment in ultradeep and deepwater drilling. Support from Stakeholders: Both state and private entities are actively supporting efforts to unlock offshore resources.
Strategic drivers for Offshore Exploration
• Oil Price Volatility: Rising fuel prices due to global crude oil price fluctuations and supply chain disruptions are encouraging the search for new reserves. • Geographic Advantage: India’s extensive coastline, encompassing 7,517 km, • • is well-suited for offshore drilling. Technological and Policy Support: Innovations in technology and supportive governmental policies are enhancing offshore exploration prospects. Future Energy Solutions: Offshore oilfields are expected to play a key role in fulfilling India’s future energy requirements. FY2024 FY2031 "With a projected 14% CAGR from FY2024 to FY2031, India's oilfield services market is set to expand significantly, reflecting increasing fossil fuel demand driven by population growth and rising vehicle ownership." Seamec Limited | Investors Presentation 31 Indian Offshore Oilfield Industry India currently imports about 80% of oil and about 50% gas that it consumes. Fuelled by the fast growth in GDP, the rising demand for fuel has resu