SEAMEC Ltd
SEAMEC Ltd (SEAMECLTD)

SEAMEC Ltd (SEAMECLTD)

₹1122.52.9%

Key Stats

₹1116
Day's Price Range
₹1173.3
₹818.35
52-Week Price Range
₹1424.9
1 Month Return0.39 %
3 Month Return34.5 %
1 Year Return-5.45 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 147
30.83
EPS
Rank 50
₹36.87
BVPS
Rank 38
₹294.38
Dividend Yield
Rank 121
0.23%
ROE
Rank 167
11.02%
Price To Book Ratio
Rank 151
3.86
Debt To Asset
Rank 267
0.22

Company Information

Promoted by Peerless General Finance Investment Company the flagship of the Peerless group South East Asia Marine Engineering and Construction Ltd previously known as Peerless Shipping Oilfield Services is engaged in the business inter alia of operation of multisupport vessels for underwater / subsea engineering services deepsea diving inspection of underwater structures rescue operations and fire fighting. The company has the experience of operating 3 multipurpose support vessels MSVs including two from ONGC for more than 5 years in the areas of subsea engineering and deepsea diving services. It came out with a public issue in 1995 to partfinance the acquistion of two MSVs to meet longterm working capital requirements and to meet the expenses of the public issue.South East Asia is the first company in the private sector to operate the ONGCowned MSV Samudra Prabha. The company was also awarded a contract to operate another ONGCowned MSV Samudra Sevak for two years.The company at present has a subcontracting arrangement with Stena Offshore. Apart from this the company has entered into a MoU with Rompetrol Romania for technical knowhow and equipment backup for oilfield services. It plans to venture in subsea operations on a grand scale like seabed pipe laying and other underwater work such as laying cables for telecommunication projects.Coflexip Tena Offshore CSO has increased its holding in the Company to 58.24 during October 1999. The Company has entered into an arrangement with Coflexip Stena Offshore Ltd. Aberdeen UK for technical and engineering support services.ONGC has floated a tender for the operations and management of its three owned MSVs Samudra Sevak Samudra Prabha and Samudra Suraksha and bids have been submitted by the Company to ONGC for all three vessels.
OrganisationSEAMEC Ltd
HeadquartersMumbai
IndustryShipping