CMP: 44

SEAMEC Ltd owns and operates diving support vessels. The Company performs subsea inspections, repair, maintenance and light construction on offshore oil equipment.

SEAMEC is a 150 Crore penny cap stock trading at a P/E of less than 6. Its a Zero debt company with 39 Crores cash in hand. Revenues have risen from 268 Crores to 337 Crores in the last 5 years. Profits have been volatile swinging between losses and profits. Last 4 quarters have been in profits. Buy with minimal exposure and hold for the next 2 years.