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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of SecUR Credentials Ltd

About the Company - SecUR Credentials Ltd

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. 51.34 Cr. and Equity Capital is Rs. 4.89 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Services - Others8th Floor, A Wing, Prism Tower, Mumbai Maharashtra 400064complianceofficer@secur.co.in
http://www.secur.co.in
Management
NamePosition Held
Mr. Prateek JainIndependent Director
Mr. Rahul Suresh BelwalkarManaging Director
Mr. Amit Kumar BhartiIndependent Director
Mr. Mithun Lalitkumar KothariIndependent Director
Ms. Shireen KhanIndependent Director
Mr. Jaykrishan DarjiIndependent Director
Mr. Ashish Ramesh MahendrakarExecutive Director

SecUR Credentials Ltd. Share Price Update

Share PriceValue
Today₹20.20
Previous Day₹20.26

Basic Stock Data of SecUR Credentials Ltd

Market Cap 85.1 Cr.
Current Price 20.7
High / Low33.8/15.6
Stock P/E17.7
Book Value 12.0
Dividend Yield0.00 %
ROCE21.2 %
ROE18.8 %
Face Value 10.0

Data Source: screener.in

Competitors of SecUR Credentials Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
SIS Ltd 6,371 Cr. 437565/31821.6 1700.00 %10.6 %15.6 % 5.00
Matrimony.com Ltd 1,133 Cr. 509723/49923.0 1210.99 %16.0 %15.0 % 5.00
Touchwood Entertainment Ltd 181 Cr. 163227/12954.6 30.30.21 %21.1 %15.2 % 10.0
Ace Integrated Solutions Ltd 39.5 Cr. 38.863.5/30.6 17.90.00 %3.88 %2.80 % 10.0
Team Lease Services Ltd 5,315 Cr. 3,1703,600/2,00749.8 4420.00 %13.9 %14.4 % 10.0
Industry Average46.5 Cr230.1629.8156.240.24%13.1%12.6%8

SecUR Credentials Ltd Quarterly Results

MonthJun 2017Sep 2017Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales5.716.778.2710.0510.9222.1012.3711.4212.0014.1910.017.01
Expenses3.926.016.378.099.4119.658.986.945.5512.867.185.42
Operating Profit1.790.761.901.961.512.453.394.486.451.332.831.59
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%
Other Income-0.000.070.020.240.050.130.040.740.080.490.130.41
Interest0.020.110.590.930.290.950.730.620.590.940.550.67
Depreciation0.050.020.470.840.730.770.830.940.950.870.880.89
Profit before tax1.720.700.860.430.540.861.873.664.990.011.530.44
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%
Net Profit1.250.480.480.690.270.910.763.063.680.141.013.25
EPS in Rs1.490.170.120.170.070.220.180.740.900.030.250.79

SecUR Credentials Ltd Quarterly Chart

SecUR Credentials Ltd Profit & Loss

MonthMar 2011Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales0.690.83-0.004.419.8037.6460.0454.7442.6051.3346.2543.21
Expenses0.650.770.084.347.0729.6648.2746.9934.8143.5130.5731.01
Operating Profit0.040.06-0.080.072.737.9811.777.757.797.8215.6812.20
OPM %5.80%7.23%1.59%27.86%21.20%19.60%14.16%18.29%15.23%33.90%28.23%
Other Income0.02-0.00-0.00-0.00-0.000.160.290.23-2.590.441.341.11
Interest-0.00-0.00-0.00-0.000.130.341.973.894.212.762.892.75
Depreciation0.010.01-0.00-0.000.040.612.043.062.922.803.583.59
Profit before tax0.050.05-0.080.072.567.198.051.03-1.932.7010.556.97
Tax %20.00%40.00%-0.00%71.43%32.81%28.23%29.81%66.02%-12.44%39.63%26.26%
Net Profit0.030.04-0.090.021.715.165.650.36-2.161.627.798.08
EPS in Rs1.251.370.09-0.520.391.901.97
Dividend Payout %-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%4.33%-0.00%-0.00%-0.00%-0.00%

SecUR Credentials Ltd Profit & Loss Yearly Chart

SecUR Credentials Ltd 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:16%
3 Years:112%
1 Year:-13%
Return on Equity
10 Years:%
5 Years:7%
3 Years:6%
Last Year:19%

SecUR Credentials Ltd Balance Sheet

MonthMar 2011Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0.010.010.010.010.014.894.894.894.894.8941.0641.06
Reserves0.270.290.200.212.0233.6639.3038.9736.8132.694.058.30
Borrowings1.210.340.610.160.003.9726.9326.6917.6422.9721.2922.81
Other Liabilities0.130.270.130.406.385.7717.7121.8224.7936.9026.4420.40
Total Liabilities1.620.910.950.788.4148.2988.8392.3784.1397.4592.8492.57
Fixed Assets0.040.030.010.000.3112.7433.6730.8812.3216.8215.3113.80
CWIP0.000.000.000.004.545.270.060.080.001.990.000.00
Investments0.000.000.000.000.000.000.000.000.030.020.020.02
Other Assets1.580.880.940.783.5630.2855.1061.4171.7878.6277.5178.75
Total Assets1.620.910.950.788.4148.2988.8392.3784.1397.4592.8492.57

SecUR Credentials Ltd Reserves and Borrowings Chart

SecUR Credentials Ltd Cash Flow

MonthMar 2011Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0.000.005.52-14.174.684.28-3.802.148.83
Cash from Investing Activity 0.000.00-4.89-15.22-17.85-0.3811.63-5.65-0.08
Cash from Financing Activity 0.000.00-0.2933.5515.01-3.93-13.033.39-8.85
Net Cash Flow0.000.000.354.161.83-0.03-5.19-0.12-0.10

SecUR Credentials Ltd Financial Efficiency Indicators

MonthMar 2011Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days338.55-0.00-0.0075.61148.46142.07164.10346.32278.03299.02
Inventory Days
Days Payable
Cash Conversion Cycle338.55-0.00-0.0075.61148.46142.07164.10346.32278.03299.02
Working Capital Days682.39228.6729.80-118.07167.18126.69134.62280.95238.78337.62
ROCE %4.69%11.67%223.24%33.80%17.63%6.95%9.64%9.11%21.17%

SecUR Credentials Ltd Financial Efficiency Indicators Chart

SecUR Credentials Ltd Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023
FIIs0.00%0.37%0.23%0.00%0.00%
Public100.00%99.63%99.76%99.99%100.00%
No. of Shareholders6704,3515,9956,2336,750

SecUR Credentials Ltd Shareholding Pattern Chart

No. of SecUR Credentials Ltd Shareholders

This stock is not held by any mutual fund

SecUR Credentials Ltd ROCE Trend

SecUR Credentials Ltd EPS Trend

SecUR Credentials Ltd Key Financial Ratios

MonthMar 22Mar 21
FaceValue10.0010.00
Basic EPS (Rs.)4.20-4.42
Diluted EPS (Rs.)4.20-4.42
Cash EPS (Rs.)8.361.55
Book Value[Excl.RevalReserv]/Share (Rs.)89.5185.31
Book Value[Incl.RevalReserv]/Share (Rs.)89.5185.31
Revenue From Operations / Share (Rs.)105.0287.16
PBDIT / Share (Rs.)15.8318.79
PBIT / Share (Rs.)11.6712.82
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 (%)15.0721.55
PBIT Margin (%)11.1114.70
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 (%)10.9514.22
Return On Assets (%)2.08-2.56
Long Term Debt / Equity (X)0.180.05
Total Debt / Equity (X)0.420.42
Asset Turnover Ratio (%)0.560.00
Current Ratio (X)1.611.55
Quick Ratio (X)1.611.55
Interest Coverage Ratio (X)3.382.18
Interest Coverage Ratio (Post Tax) (X)1.901.43
Enterprise Value (Cr.)73.9721.26
EV / Net Operating Revenue (X)1.440.49
EV / EBITDA (X)9.562.31
MarketCap / Net Operating Revenue (X)1.140.15
Price / BV (X)1.330.15
Price / Net Operating Revenue (X)1.140.15
EarningsYield0.03-0.33

SecUR Credentials Ltd Profitability Ratios (%)

SecUR Credentials Ltd Liquidity Ratios

SecUR Credentials Ltd Liquidity Ratios (%)

SecUR Credentials Ltd Interest Coverage Ratios (X)

SecUR Credentials Ltd Valuation Ratios

Fair Value / Intrinsic Value of SecUR Credentials Ltd

Fair Value: ₹40.73

The stock is undervalued by 96.76% compared to the current price ₹20.7

*Investments are subject to market risks

Strength and Weakness of SecUR Credentials Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 30.72%, which is a positive sign.
  2. The company has higher reserves (16.40 cr) compared to borrowings (12.05 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (29.30 cr) and profit (3.10 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 12.25 and average Dividend Yield of 12.91%.
  2. The stock has a high average Working Capital Days of 191.69, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 162.92, which may not be favorable.

Should I Buy SecUR Credentials Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding 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: 14.2%)
      • 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. Interest Coverage Ratio (Post Tax): 1.90
      • 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.
    4. 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.
    5. ✓ Stock P/E: 17.7 (Industry average Stock P/E: 36.7)
      • 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.
    6. ✓ 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in SecUR Credentials Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE