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- SEAMEC Ltd Share Price
975.40
28.20 (2.98%)
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Underperforms Index
-10.4%
Return (1Y)
Underperformed Nifty 50 by 15.74%
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More Volatile
2.56%
Standard Deviation (1Y)
Higher than Nifty 50 by 1.67%
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Not so consistent
4/12
Months
underperformed Nifty 50
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AxisDirect View
No View
1,670
780
News & Announcements
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Seamec soars after consortium bags LoA from L&T Energy Hydrocarbon
25 - Mar - 2025 12:00 | 6 days ago
The contract involves subsea installation work for the Daman Upside Development Project (DUDP) and Pipeline Replacement Project PRP-VIII, including the MUT scope, for ONGC.
The pipeline replacement and infrastructure development is expected to be completed by May 2026, with financial details and consortium sharing values currently being finalized.
Separately, Seamec informed that it has entered into a subcontract agreement with Posh India Offshore.
This agreement covers the installation of riser clamps, bow strings, and other related works for ONGC's Pipeline Replacement Project VIII (PRP-VIII Gr. B) and the Daman Upside Development Project (DUDP), with payment based on unit rates.
The maximum potential value of this subcontract, based on the indicated scope of work, is approximately $5.61 million, excluding GST.
In another filing, Seamec said that its charter party with Asian Energy Services has been extended, with an option for further extension.
The addendum revises the charter hire rate to $42,000 per day, plus GST. The total value for the revised firm period is $630,000.
Seamec operates in two distinct verticals of the shipping business - offshore support vessels & services and bulk carrier charter business. The company owns six vessels and one barge in the offshore support business wherein the vessels are deployed in the domestic and international market.
The company has reported a consolidated net profit of Rs 0.11 crore in the quarter ended September 2024 as against net loss of Rs 14.78 crore during the previous quarter ended September 2023. Sales rose 4.07% to Rs 87.87 crore in Q3 FY25 as compared with Q3 FY24.
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SEAMEC announced that Larsen and Toubro (L&T Energy Hydrocarbon Div) has awarded Letter of Award (LOA) no. ONGC/DUDP & PRPVIII/LOA/PIOPL-SL/01- Subsea Installation Works for DUDP & PRPVIII (including MUT scope) Projects of ONGC to the Consortium of SEAMEC and Posh India Offshore. The work under the said LOA will be completed by May - 2026.
Powered by Capital Market - Live News
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SEAMEC reports consolidated net loss of Rs 3.32 crore in the December 2024 quarter
12 - Feb - 2025 12:00 | 47 days ago
Net loss of SEAMEC reported to Rs 3.32 crore in the quarter ended December 2024 as against net profit of Rs 56.16 crore during the previous quarter ended December 2023. Sales declined 29.99% to Rs 149.34 crore in the quarter ended December 2024 as against Rs 213.31 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 149.34 213.31 -30 OPM % 29.64 42.49 - PBDT 30.89 91.93 -66 PBT -2.62 58.05 PL NP -3.32 56.16 PL Powered by Capital Market - Live News
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SEAMEC announced that Larsen and Toubro (L&T Energy Hydrocarbon Div) has awarded Letter of Award (LOA) no. ONGC/DUDP & PRPVIII/LOA/PIOPL-SL/01- Subsea Installation Works for DUDP & PRPVIII (including MUT scope) Projects of ONGC to the Consortium of SEAMEC and Posh India Offshore. The work under the said LOA will be completed by May - 2026.
Powered by Capital Market - Live News
-
SEAMEC reports consolidated net loss of Rs 3.32 crore in the December 2024 quarter
12 - Feb - 2025 12:00 | 47 days ago
Net loss of SEAMEC reported to Rs 3.32 crore in the quarter ended December 2024 as against net profit of Rs 56.16 crore during the previous quarter ended December 2023. Sales declined 29.99% to Rs 149.34 crore in the quarter ended December 2024 as against Rs 213.31 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 149.34 213.31 -30 OPM % 29.64 42.49 - PBDT 30.89 91.93 -66 PBT -2.62 58.05 PL NP -3.32 56.16 PL Powered by Capital Market - Live News
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SEAMEC schedules board meeting
52 days ago
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Seamec soars after consortium bags LoA from L&T Energy Hydrocarbon
25 - Mar - 2025 12:00 | 6 days ago
The contract involves subsea installation work for the Daman Upside Development Project (DUDP) and Pipeline Replacement Project PRP-VIII, including the MUT scope, for ONGC.
The pipeline replacement and infrastructure development is expected to be completed by May 2026, with financial details and consortium sharing values currently being finalized.
Separately, Seamec informed that it has entered into a subcontract agreement with Posh India Offshore.
This agreement covers the installation of riser clamps, bow strings, and other related works for ONGC's Pipeline Replacement Project VIII (PRP-VIII Gr. B) and the Daman Upside Development Project (DUDP), with payment based on unit rates.
The maximum potential value of this subcontract, based on the indicated scope of work, is approximately $5.61 million, excluding GST.
In another filing, Seamec said that its charter party with Asian Energy Services has been extended, with an option for further extension.
The addendum revises the charter hire rate to $42,000 per day, plus GST. The total value for the revised firm period is $630,000.
Seamec operates in two distinct verticals of the shipping business - offshore support vessels & services and bulk carrier charter business. The company owns six vessels and one barge in the offshore support business wherein the vessels are deployed in the domestic and international market.
The company has reported a consolidated net profit of Rs 0.11 crore in the quarter ended September 2024 as against net loss of Rs 14.78 crore during the previous quarter ended September 2023. Sales rose 4.07% to Rs 87.87 crore in Q3 FY25 as compared with Q3 FY24.
Powered by Capital Market - Live News
-
SEAMEC announced that Larsen and Toubro (L&T Energy Hydrocarbon Div) has awarded Letter of Award (LOA) no. ONGC/DUDP & PRPVIII/LOA/PIOPL-SL/01- Subsea Installation Works for DUDP & PRPVIII (including MUT scope) Projects of ONGC to the Consortium of SEAMEC and Posh India Offshore. The work under the said LOA will be completed by May - 2026.
Powered by Capital Market - Live News
-
SEAMEC reports consolidated net loss of Rs 3.32 crore in the December 2024 quarter
12 - Feb - 2025 12:00 | 47 days ago
Net loss of SEAMEC reported to Rs 3.32 crore in the quarter ended December 2024 as against net profit of Rs 56.16 crore during the previous quarter ended December 2023. Sales declined 29.99% to Rs 149.34 crore in the quarter ended December 2024 as against Rs 213.31 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 149.34 213.31 -30 OPM % 29.64 42.49 - PBDT 30.89 91.93 -66 PBT -2.62 58.05 PL NP -3.32 56.16 PL Powered by Capital Market - Live News
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SEAMEC schedules board meeting
52 days ago
-
Seamec soars after consortium bags LoA from L&T Energy Hydrocarbon
25 - Mar - 2025 12:00 | 6 days ago
The contract involves subsea installation work for the Daman Upside Development Project (DUDP) and Pipeline Replacement Project PRP-VIII, including the MUT scope, for ONGC.
The pipeline replacement and infrastructure development is expected to be completed by May 2026, with financial details and consortium sharing values currently being finalized.
Separately, Seamec informed that it has entered into a subcontract agreement with Posh India Offshore.
This agreement covers the installation of riser clamps, bow strings, and other related works for ONGC's Pipeline Replacement Project VIII (PRP-VIII Gr. B) and the Daman Upside Development Project (DUDP), with payment based on unit rates.
The maximum potential value of this subcontract, based on the indicated scope of work, is approximately $5.61 million, excluding GST.
In another filing, Seamec said that its charter party with Asian Energy Services has been extended, with an option for further extension.
The addendum revises the charter hire rate to $42,000 per day, plus GST. The total value for the revised firm period is $630,000.
Seamec operates in two distinct verticals of the shipping business - offshore support vessels & services and bulk carrier charter business. The company owns six vessels and one barge in the offshore support business wherein the vessels are deployed in the domestic and international market.
The company has reported a consolidated net profit of Rs 0.11 crore in the quarter ended September 2024 as against net loss of Rs 14.78 crore during the previous quarter ended September 2023. Sales rose 4.07% to Rs 87.87 crore in Q3 FY25 as compared with Q3 FY24.
Powered by Capital Market - Live News
-
SEAMEC announced that Larsen and Toubro (L&T Energy Hydrocarbon Div) has awarded Letter of Award (LOA) no. ONGC/DUDP & PRPVIII/LOA/PIOPL-SL/01- Subsea Installation Works for DUDP & PRPVIII (including MUT scope) Projects of ONGC to the Consortium of SEAMEC and Posh India Offshore. The work under the said LOA will be completed by May - 2026.
Powered by Capital Market - Live News
-
SEAMEC reports consolidated net loss of Rs 3.32 crore in the December 2024 quarter
12 - Feb - 2025 12:00 | 47 days ago
Net loss of SEAMEC reported to Rs 3.32 crore in the quarter ended December 2024 as against net profit of Rs 56.16 crore during the previous quarter ended December 2023. Sales declined 29.99% to Rs 149.34 crore in the quarter ended December 2024 as against Rs 213.31 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 149.34 213.31 -30 OPM % 29.64 42.49 - PBDT 30.89 91.93 -66 PBT -2.62 58.05 PL NP -3.32 56.16 PL Powered by Capital Market - Live News
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SEAMEC announced that Larsen and Toubro (L&T Energy Hydrocarbon Div) has awarded Letter of Award (LOA) no. ONGC/DUDP & PRPVIII/LOA/PIOPL-SL/01- Subsea Installation Works for DUDP & PRPVIII (including MUT scope) Projects of ONGC to the Consortium of SEAMEC and Posh India Offshore. The work under the said LOA will be completed by May - 2026.
Powered by Capital Market - Live News
-
SEAMEC reports consolidated net loss of Rs 3.32 crore in the December 2024 quarter
12 - Feb - 2025 12:00 | 47 days ago
Net loss of SEAMEC reported to Rs 3.32 crore in the quarter ended December 2024 as against net profit of Rs 56.16 crore during the previous quarter ended December 2023. Sales declined 29.99% to Rs 149.34 crore in the quarter ended December 2024 as against Rs 213.31 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 149.34 213.31 -30 OPM % 29.64 42.49 - PBDT 30.89 91.93 -66 PBT -2.62 58.05 PL NP -3.32 56.16 PL Powered by Capital Market - Live News
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SEAMEC schedules board meeting
52 days ago
Stock Trivia
FII shareholding in SEAMEC Ltd has decreased by -15.9% since past 3 Months
SEAMEC Ltd has the 3rd highest P/E ratio according to FY202403 data among stocks in Shipping Sector
FII shareholding in SEAMEC Ltd has decreased by -15.9% since past 3 Months
MF shareholding in SEAMEC Ltd has increased by 4.34% since past 3 Months
FII shareholding in SEAMEC Ltd has increased by 12.79% since past 1 Year
SEAMEC Ltd has the 3rd highest P/E ratio according to FY202403 data among stocks in Shipping Sector
FII shareholding in SEAMEC Ltd has decreased by -15.9% since past 3 Months
SEAMEC Ltd has the 3rd highest P/E ratio according to FY202403 data among stocks in Shipping Sector
