SecUR Credentials Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 12, 2025, 12:11 pm

Market Cap	8.17 Cr.
Current Price	1.99
High / Low	23.3/1.99
Stock P/E	1.70
Book Value	12.0
Dividend Yield	0.00 %
ROCE	21.2 %
ROE	18.8 %
Face Value	10.0
PEG Ratio	0.03

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for SecUR Credentials Ltd

Competitors of SecUR Credentials Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
IMEC Services Ltd	12.0 Cr.	63.2	93.4/6.65	4.34	13.4	0.00 %	2.47 %	1.85 %	10.0
Focus Business Solution Ltd	38.2 Cr.	83.0	105/59.6	77.9	14.7	0.12 %	16.1 %	13.5 %	10.0
EKI Energy Services Ltd	294 Cr.	106	407/106		153	1.88 %	24.0 %	26.2 %	10.0
CMS Info Systems Ltd	7,202 Cr.	441	616/373	20.2	124	1.33 %	27.5 %	20.5 %	10.0
Ashram Online.Com Ltd	5.68 Cr.	4.73	8.02/4.11	114	10.6	0.00 %	0.24 %	0.08 %	10.0
Industry Average	8,159.09	N/A		35.11	N/A	N/A	15.01	13.18	N/A

All Competitor Stocks of SecUR Credentials Ltd

Quarterly Result

Metric	Jun 2017	Sep 2017	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	5.71	6.77	8.27	10.05	10.92	22.10	12.37	11.42	12.00	14.19	10.01	7.01	7.04
Expenses	3.92	6.01	6.37	8.09	9.41	19.65	8.98	6.94	5.55	12.86	7.18	5.42	5.70
Operating Profit	1.79	0.76	1.90	1.96	1.51	2.45	3.39	4.48	6.45	1.33	2.83	1.59	1.34
OPM %	31.35%	11.23%	22.97%	19.50%	13.83%	11.09%	27.41%	39.23%	53.75%	9.37%	28.27%	22.68%	19.03%
Other Income	0.00	0.07	0.02	0.24	0.05	0.13	0.04	0.74	0.08	0.49	0.13	0.41	0.84
Interest	0.02	0.11	0.59	0.93	0.29	0.95	0.73	0.62	0.59	0.94	0.55	0.67	0.61
Depreciation	0.05	0.02	0.47	0.84	0.73	0.77	0.83	0.94	0.95	0.87	0.88	0.89	0.83
Profit before tax	1.72	0.70	0.86	0.43	0.54	0.86	1.87	3.66	4.99	0.01	1.53	0.44	0.74
Tax %	27.33%	30.00%	44.19%	-58.14%	50.00%	-4.65%	59.89%	16.67%	26.25%	-1,200.00%	34.64%	-638.64%	44.59%
Net Profit	1.25	0.48	0.48	0.69	0.27	0.91	0.76	3.06	3.68	0.14	1.01	3.25	0.41
EPS in Rs	1.49	0.17	0.12	0.17	0.07	0.22	0.18	0.74	0.90	0.03	0.25	0.79	0.10

Last Updated: Unknown

Below is a detailed analysis of the quarterly data for SecUR Credentials Ltd based on the most recent figures (Dec 2023) and their trends compared to the previous period:

For Sales, as of Dec 2023, the value is ₹7.04 Cr.. The value appears strong and on an upward trend. It has increased from 7.01 Cr. (Sep 2023) to ₹7.04 Cr., marking an increase of ₹0.03 Cr..
For Expenses, as of Dec 2023, the value is ₹5.70 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5.42 Cr. (Sep 2023) to ₹5.70 Cr., marking an increase of ₹0.28 Cr..
For Operating Profit, as of Dec 2023, the value is ₹1.34 Cr.. The value appears to be declining and may need further review. It has decreased from 1.59 Cr. (Sep 2023) to ₹1.34 Cr., marking a decrease of 0.25 Cr..
For OPM %, as of Dec 2023, the value is 19.03%. The value appears to be declining and may need further review. It has decreased from 22.68% (Sep 2023) to 19.03%, marking a decrease of 3.65%.
For Other Income, as of Dec 2023, the value is ₹0.84 Cr.. The value appears strong and on an upward trend. It has increased from 0.41 Cr. (Sep 2023) to ₹0.84 Cr., marking an increase of ₹0.43 Cr..
For Interest, as of Dec 2023, the value is ₹0.61 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.67 Cr. (Sep 2023) to ₹0.61 Cr., marking a decrease of 0.06 Cr..
For Depreciation, as of Dec 2023, the value is ₹0.83 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.89 Cr. (Sep 2023) to ₹0.83 Cr., marking a decrease of 0.06 Cr..
For Profit before tax, as of Dec 2023, the value is ₹0.74 Cr.. The value appears strong and on an upward trend. It has increased from 0.44 Cr. (Sep 2023) to ₹0.74 Cr., marking an increase of ₹0.30 Cr..
For Tax %, as of Dec 2023, the value is 44.59%. The value appears to be increasing, which may not be favorable. It has increased from -638.64% (Sep 2023) to 44.59%, marking an increase of 683.23%.
For Net Profit, as of Dec 2023, the value is ₹0.41 Cr.. The value appears to be declining and may need further review. It has decreased from 3.25 Cr. (Sep 2023) to ₹0.41 Cr., marking a decrease of 2.84 Cr..
For EPS in Rs, as of Dec 2023, the value is 0.10. The value appears to be declining and may need further review. It has decreased from ₹0.79 (Sep 2023) to 0.10, marking a decrease of ₹0.69.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 6:55 pm

Metric	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	0.69	0.83	0.00	4.41	9.80	37.64	60.04	54.74	42.60	51.33	46.25	38.25
Expenses	0.65	0.77	0.08	4.34	7.07	29.66	48.27	46.99	34.81	43.51	30.57	31.16
Operating Profit	0.04	0.06	-0.08	0.07	2.73	7.98	11.77	7.75	7.79	7.82	15.68	7.09
OPM %	5.80%	7.23%		1.59%	27.86%	21.20%	19.60%	14.16%	18.29%	15.23%	33.90%	18.54%
Other Income	0.02	0.00	0.00	0.00	0.00	0.16	0.29	0.23	-2.59	0.44	1.34	1.87
Interest	0.00	0.00	0.00	0.00	0.13	0.34	1.97	3.89	4.21	2.76	2.89	2.77
Depreciation	0.01	0.01	0.00	0.00	0.04	0.61	2.04	3.06	2.92	2.80	3.58	3.47
Profit before tax	0.05	0.05	-0.08	0.07	2.56	7.19	8.05	1.03	-1.93	2.70	10.55	2.72
Tax %	20.00%	40.00%	0.00%	71.43%	32.81%	28.23%	29.81%	66.02%	12.44%	39.63%	26.26%
Net Profit	0.03	0.04	-0.09	0.02	1.71	5.16	5.65	0.36	-2.16	1.62	7.79	4.81
EPS in Rs						1.25	1.37	0.09	-0.52	0.39	1.90	1.17
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.33%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2011-2012	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
YoY Net Profit Growth (%)	33.33%	122.22%	8450.00%	201.75%	9.50%	-93.63%	-700.00%	175.00%	380.86%
Change in YoY Net Profit Growth (%)	0.00%	88.89%	8327.78%	-8248.25%	-192.26%	-103.12%	-606.37%	875.00%	205.86%

SecUR Credentials Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2011-2012 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	4%
3 Years:	-5%
TTM:	-34%

Compounded Profit Growth
10 Years:	%
5 Years:	9%
3 Years:	179%
TTM:	-43%

Stock Price CAGR
10 Years:	%
5 Years:	-5%
3 Years:	-39%
1 Year:	-88%

Return on Equity
10 Years:	%
5 Years:	7%
3 Years:	6%
Last Year:	19%

Last Updated: Unknown

Balance Sheet

Last Updated: September 15, 2024, 2:48 pm

Month	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	0.01	0.01	0.01	0.01	0.01	4.89	4.89	4.89	4.89	4.89	41.06	41.06
Reserves	0.27	0.29	0.20	0.21	2.02	33.66	39.30	38.97	36.81	32.69	4.05	8.30
Borrowings	1.21	0.34	0.61	0.16	0.00	3.97	26.93	26.69	17.64	22.97	21.29	22.81
Other Liabilities	0.13	0.27	0.13	0.40	6.38	5.77	17.71	21.82	24.79	36.90	26.44	20.40
Total Liabilities	1.62	0.91	0.95	0.78	8.41	48.29	88.83	92.37	84.13	97.45	92.84	92.57
Fixed Assets	0.04	0.03	0.01	0.00	0.31	12.74	33.67	30.88	12.32	16.82	15.31	13.80
CWIP	0.00	0.00	0.00	0.00	4.54	5.27	0.06	0.08	0.00	1.99	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.02	0.02	0.02
Other Assets	1.58	0.88	0.94	0.78	3.56	30.28	55.10	61.41	71.78	78.62	77.51	78.75
Total Assets	1.62	0.91	0.95	0.78	8.41	48.29	88.83	92.37	84.13	97.45	92.84	92.57

Below is a detailed analysis of the balance sheet data for SecUR Credentials Ltd based on the most recent figures (Sep 2023) and their trends compared to the previous period:

For Equity Capital, as of Sep 2023, the value is ₹41.06 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2023) which recorded ₹41.06 Cr..
For Reserves, as of Sep 2023, the value is ₹8.30 Cr.. The value appears strong and on an upward trend. It has increased from ₹4.05 Cr. (Mar 2023) to ₹8.30 Cr., marking an increase of 4.25 Cr..
For Borrowings, as of Sep 2023, the value is ₹22.81 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from ₹21.29 Cr. (Mar 2023) to ₹22.81 Cr., marking an increase of 1.52 Cr..
For Other Liabilities, as of Sep 2023, the value is ₹20.40 Cr.. The value appears to be improving (decreasing). It has decreased from ₹26.44 Cr. (Mar 2023) to ₹20.40 Cr., marking a decrease of 6.04 Cr..
For Total Liabilities, as of Sep 2023, the value is ₹92.57 Cr.. The value appears to be improving (decreasing). It has decreased from ₹92.84 Cr. (Mar 2023) to ₹92.57 Cr., marking a decrease of 0.27 Cr..
For Fixed Assets, as of Sep 2023, the value is ₹13.80 Cr.. The value appears to be declining and may need further review. It has decreased from ₹15.31 Cr. (Mar 2023) to ₹13.80 Cr., marking a decrease of 1.51 Cr..
For CWIP, as of Sep 2023, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2023) which recorded ₹0.00 Cr..
For Investments, as of Sep 2023, the value is ₹0.02 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2023) which recorded ₹0.02 Cr..
For Other Assets, as of Sep 2023, the value is ₹78.75 Cr.. The value appears strong and on an upward trend. It has increased from ₹77.51 Cr. (Mar 2023) to ₹78.75 Cr., marking an increase of 1.24 Cr..
For Total Assets, as of Sep 2023, the value is ₹92.57 Cr.. The value appears to be declining and may need further review. It has decreased from ₹92.84 Cr. (Mar 2023) to ₹92.57 Cr., marking a decrease of 0.27 Cr..

However, the Borrowings (22.81 Cr.) are higher than the Reserves (₹8.30 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2011	Mar 2012	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	0.00	0.00	5.52	-14.17	4.68	4.28	-3.80	2.14	8.83
Cash from Investing Activity +	0.00	0.00	-4.89	-15.22	-17.85	-0.38	11.63	-5.65	-0.08
Cash from Financing Activity +	0.00	0.00	-0.29	33.55	15.01	-3.93	-13.03	3.39	-8.85
Net Cash Flow	0.00	0.00	0.35	4.16	1.83	-0.03	-5.19	-0.12	-0.10

Free Cash Flow

Month	Mar 2011	Mar 2012	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	-1.17	-0.28	-0.69	-0.09	2.73	4.01	-15.16	-18.94	-9.85	-15.15	-5.61

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2011	Mar 2012	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	338.55	0.00	0.00	75.61	148.46	142.07	164.10	346.32	278.03	299.02
Inventory Days
Days Payable
Cash Conversion Cycle	338.55	0.00	0.00	75.61	148.46	142.07	164.10	346.32	278.03	299.02
Working Capital Days	682.39	228.67	29.80	-118.07	167.18	126.69	134.62	280.95	238.78	337.62
ROCE %		4.69%	11.67%	223.24%	33.80%	17.63%	6.95%	9.64%	9.11%	21.17%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	61.59%	61.59%	61.59%	61.59%	5.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.37%	0.23%	0.00%	0.00%	0.00%	0.00%
Public	38.41%	38.41%	38.40%	38.41%	94.91%	100.00%	99.63%	99.76%	99.99%	100.00%	99.99%	100.00%
No. of Shareholders	738	751	724	710	761	670	4,351	5,995	6,233	6,750	8,501	9,626

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 22	Mar 21
FaceValue	10.00	10.00
Basic EPS (Rs.)	4.20	-4.42
Diluted EPS (Rs.)	4.20	-4.42
Cash EPS (Rs.)	8.36	1.55
Book Value[Excl.RevalReserv]/Share (Rs.)	89.51	85.31
Book Value[Incl.RevalReserv]/Share (Rs.)	89.51	85.31
Revenue From Operations / Share (Rs.)	105.02	87.16
PBDIT / Share (Rs.)	15.83	18.79
PBIT / Share (Rs.)	11.67	12.82
PBT / Share (Rs.)	6.99	-3.94
Net Profit / Share (Rs.)	4.20	-4.42
NP After MI And SOA / Share (Rs.)	4.20	-4.42
PBDIT Margin (%)	15.07	21.55
PBIT Margin (%)	11.11	14.70
PBT Margin (%)	6.65	-4.51
Net Profit Margin (%)	3.99	-5.06
NP After MI And SOA Margin (%)	3.99	-5.06
Return on Networth / Equity (%)	4.69	-5.17
Return on Capital Employeed (%)	10.95	14.22
Return On Assets (%)	2.08	-2.56
Long Term Debt / Equity (X)	0.18	0.05
Total Debt / Equity (X)	0.42	0.42
Asset Turnover Ratio (%)	0.56	0.00
Current Ratio (X)	1.61	1.55
Quick Ratio (X)	1.61	1.55
Interest Coverage Ratio (X)	3.38	2.18
Interest Coverage Ratio (Post Tax) (X)	1.90	1.43
Enterprise Value (Cr.)	73.97	21.26
EV / Net Operating Revenue (X)	1.44	0.49
EV / EBITDA (X)	9.56	2.31
MarketCap / Net Operating Revenue (X)	1.14	0.15
Price / BV (X)	1.33	0.15
Price / Net Operating Revenue (X)	1.14	0.15
EarningsYield	0.03	-0.33

After reviewing the key financial ratios for SecUR Credentials Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 22, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 21) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 22, the value is 4.20. This value is below the healthy minimum of 5. It has increased from -4.42 (Mar 21) to 4.20, marking an increase of 8.62.
For Diluted EPS (Rs.), as of Mar 22, the value is 4.20. This value is below the healthy minimum of 5. It has increased from -4.42 (Mar 21) to 4.20, marking an increase of 8.62.
For Cash EPS (Rs.), as of Mar 22, the value is 8.36. This value is within the healthy range. It has increased from 1.55 (Mar 21) to 8.36, marking an increase of 6.81.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 22, the value is 89.51. It has increased from 85.31 (Mar 21) to 89.51, marking an increase of 4.20.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 22, the value is 89.51. It has increased from 85.31 (Mar 21) to 89.51, marking an increase of 4.20.
For Revenue From Operations / Share (Rs.), as of Mar 22, the value is 105.02. It has increased from 87.16 (Mar 21) to 105.02, marking an increase of 17.86.
For PBDIT / Share (Rs.), as of Mar 22, the value is 15.83. This value is within the healthy range. It has decreased from 18.79 (Mar 21) to 15.83, marking a decrease of 2.96.
For PBIT / Share (Rs.), as of Mar 22, the value is 11.67. This value is within the healthy range. It has decreased from 12.82 (Mar 21) to 11.67, marking a decrease of 1.15.
For PBT / Share (Rs.), as of Mar 22, the value is 6.99. This value is within the healthy range. It has increased from -3.94 (Mar 21) to 6.99, marking an increase of 10.93.
For Net Profit / Share (Rs.), as of Mar 22, the value is 4.20. This value is within the healthy range. It has increased from -4.42 (Mar 21) to 4.20, marking an increase of 8.62.
For NP After MI And SOA / Share (Rs.), as of Mar 22, the value is 4.20. This value is within the healthy range. It has increased from -4.42 (Mar 21) to 4.20, marking an increase of 8.62.
For PBDIT Margin (%), as of Mar 22, the value is 15.07. This value is within the healthy range. It has decreased from 21.55 (Mar 21) to 15.07, marking a decrease of 6.48.
For PBIT Margin (%), as of Mar 22, the value is 11.11. This value is within the healthy range. It has decreased from 14.70 (Mar 21) to 11.11, marking a decrease of 3.59.
For PBT Margin (%), as of Mar 22, the value is 6.65. This value is below the healthy minimum of 10. It has increased from -4.51 (Mar 21) to 6.65, marking an increase of 11.16.
For Net Profit Margin (%), as of Mar 22, the value is 3.99. This value is below the healthy minimum of 5. It has increased from -5.06 (Mar 21) to 3.99, marking an increase of 9.05.
For NP After MI And SOA Margin (%), as of Mar 22, the value is 3.99. This value is below the healthy minimum of 8. It has increased from -5.06 (Mar 21) to 3.99, marking an increase of 9.05.
For Return on Networth / Equity (%), as of Mar 22, the value is 4.69. This value is below the healthy minimum of 15. It has increased from -5.17 (Mar 21) to 4.69, marking an increase of 9.86.
For Return on Capital Employeed (%), as of Mar 22, the value is 10.95. This value is within the healthy range. It has decreased from 14.22 (Mar 21) to 10.95, marking a decrease of 3.27.
For Return On Assets (%), as of Mar 22, the value is 2.08. This value is below the healthy minimum of 5. It has increased from -2.56 (Mar 21) to 2.08, marking an increase of 4.64.
For Long Term Debt / Equity (X), as of Mar 22, the value is 0.18. This value is below the healthy minimum of 0.2. It has increased from 0.05 (Mar 21) to 0.18, marking an increase of 0.13.
For Total Debt / Equity (X), as of Mar 22, the value is 0.42. This value is within the healthy range. There is no change compared to the previous period (Mar 21) which recorded 0.42.
For Asset Turnover Ratio (%), as of Mar 22, the value is 0.56. It has increased from 0.00 (Mar 21) to 0.56, marking an increase of 0.56.
For Current Ratio (X), as of Mar 22, the value is 1.61. This value is within the healthy range. It has increased from 1.55 (Mar 21) to 1.61, marking an increase of 0.06.
For Quick Ratio (X), as of Mar 22, the value is 1.61. This value is within the healthy range. It has increased from 1.55 (Mar 21) to 1.61, marking an increase of 0.06.
For Interest Coverage Ratio (X), as of Mar 22, the value is 3.38. This value is within the healthy range. It has increased from 2.18 (Mar 21) to 3.38, marking an increase of 1.20.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 22, the value is 1.90. This value is below the healthy minimum of 3. It has increased from 1.43 (Mar 21) to 1.90, marking an increase of 0.47.
For Enterprise Value (Cr.), as of Mar 22, the value is 73.97. It has increased from 21.26 (Mar 21) to 73.97, marking an increase of 52.71.
For EV / Net Operating Revenue (X), as of Mar 22, the value is 1.44. This value is within the healthy range. It has increased from 0.49 (Mar 21) to 1.44, marking an increase of 0.95.
For EV / EBITDA (X), as of Mar 22, the value is 9.56. This value is within the healthy range. It has increased from 2.31 (Mar 21) to 9.56, marking an increase of 7.25.
For MarketCap / Net Operating Revenue (X), as of Mar 22, the value is 1.14. This value is within the healthy range. It has increased from 0.15 (Mar 21) to 1.14, marking an increase of 0.99.
For Price / BV (X), as of Mar 22, the value is 1.33. This value is within the healthy range. It has increased from 0.15 (Mar 21) to 1.33, marking an increase of 1.18.
For Price / Net Operating Revenue (X), as of Mar 22, the value is 1.14. This value is within the healthy range. It has increased from 0.15 (Mar 21) to 1.14, marking an increase of 0.99.
For EarningsYield, as of Mar 22, the value is 0.03. This value is below the healthy minimum of 5. It has increased from -0.33 (Mar 21) to 0.03, marking an increase of 0.36.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of SecUR Credentials Ltd as of March 13, 2025 is: ₹3.13

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 13, 2025, SecUR Credentials Ltd is Undervalued by 57.29% compared to the current share price 1.99

Intrinsic Value of SecUR Credentials Ltd as of March 13, 2025 is: 5.23

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 13, 2025, SecUR Credentials Ltd is Undervalued by 162.81% compared to the current share price 1.99

Last 5 Year EPS CAGR: 67.03%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 30.72%, which is a positive sign. The company has higher reserves (16.40 cr) compared to borrowings (12.05 cr), indicating strong financial stability. The company has shown consistent growth in sales (28.88 cr) and profit (2.75 cr) over the years.	The stock has a high average Working Capital Days of 191.69, which may not be favorable. The stock has a high average Cash Conversion Cycle of 162.92, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in SecUR Credentials Ltd:
1. Net Profit Margin: 3.99%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 10.95% (Industry Average ROCE: 15.01%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 4.69% (Industry Average ROE: 13.18%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.9
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.61
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 1.7 (Industry average Stock P/E: 35.11)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.42
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

SecUR Credentials Ltd. is a Public Limited Listed company incorporated on 14/08/2001 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L74110MH2001PLC133050 and registration number is 133050. Currently company belongs to the Industry of Services - Others. Company's Total Operating Revenue is Rs. 50.01 Cr. and Equity Capital is Rs. 41.06 Cr. for the Year ended 31/03/2023.

INDUSTRY	ADDRESS	CONTACT
Services - Others	8th Floor, A Wing, Prism Tower, Mumbai Maharashtra 400064	complianceofficer@secur.co.in http://www.secur.co.in

Management
Name	Position Held
Mr. Prateek Jain	Independent Director
Mr. Rahul Suresh Belwalkar	Managing Director
Mr. Amit Kumar Bharti	Independent Director
Mr. Mithun Lalitkumar Kothari	Independent Director
Ms. Shireen Khan	Independent Director
Mr. Jaykrishan Darji	Independent Director
Mr. Ashish Ramesh Mahendrakar	Executive Director

FAQ

What is the latest intrinsic value of SecUR Credentials Ltd?

The latest intrinsic value of SecUR Credentials Ltd as on 13 March 2025 is 3.13, which is 57.29% higher than the current market price of ₹1.99, indicating the stock is undervalued by 57.29%. The intrinsic value of SecUR Credentials Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹8.17 Cr. and recorded a high/low of ₹23.3/1.99 during the current fiscal year 2024-2025. As of Sep 2023, the company has reserves of ₹8.30 Cr and total liabilities of ₹92.57 Cr.

What is the Market Cap of SecUR Credentials Ltd?

The Market Cap of SecUR Credentials Ltd is 8.17 Cr..

What is the current Stock Price of SecUR Credentials Ltd as on 13 March 2025?

The current stock price of SecUR Credentials Ltd as on 13 March 2025 is ₹1.99.

What is the High / Low of SecUR Credentials Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of SecUR Credentials Ltd stocks is ₹23.3/1.99.

What is the Stock P/E of SecUR Credentials Ltd?

The Stock P/E of SecUR Credentials Ltd is 1.70.

What is the Book Value of SecUR Credentials Ltd?

The Book Value of SecUR Credentials Ltd is 12.0.

What is the Dividend Yield of SecUR Credentials Ltd?

The Dividend Yield of SecUR Credentials Ltd is 0.00 %.

What is the ROCE of SecUR Credentials Ltd?

The ROCE of SecUR Credentials Ltd is 21.2 %.

What is the ROE of SecUR Credentials Ltd?

The ROE of SecUR Credentials Ltd is 18.8 %.

What is the Face Value of SecUR Credentials Ltd?

The Face Value of SecUR Credentials Ltd is 10.0.