Globesecure Technologies Ltd
Incorporated in 2016, Globesecure Technologies Limited is in the business of IT Security products and related services[1]
- Market Cap ₹ 10.5 Cr.
- Current Price ₹ 6.60
- High / Low ₹ 51.9 / 6.30
- Stock P/E
- Book Value ₹ 28.6
- Dividend Yield 0.00 %
- ROCE -4.85 %
- ROE -8.60 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.23 times its book value
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -4.08%
- The company has delivered a poor sales growth of -2.49% over past five years.
- Promoter holding is low: 23.5%
- Company has a low return on equity of -0.29% over last 3 years.
- Promoters have pledged or encumbered 29.3% of their holding.
- Working capital days have increased from 319 days to 695 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Information Technology Information Technology IT - Services IT Enabled Services
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 9.92 | 19.18 | 18.88 | 26.37 | 25.83 | 23.89 | 16.91 | |
| 8.87 | 18.02 | 17.06 | 23.98 | 22.43 | 21.47 | 18.07 | |
| Operating Profit | 1.05 | 1.16 | 1.82 | 2.39 | 3.40 | 2.42 | -1.16 |
| OPM % | 10.58% | 6.05% | 9.64% | 9.06% | 13.16% | 10.13% | -6.86% |
| 0.51 | 0.06 | 0.07 | 0.24 | 0.02 | 1.13 | 0.01 | |
| Interest | 0.66 | 1.00 | 0.79 | 0.72 | 0.71 | 1.01 | 0.95 |
| Depreciation | 0.04 | 0.03 | 0.04 | 0.39 | 0.51 | 1.06 | 0.87 |
| Profit before tax | 0.86 | 0.19 | 1.06 | 1.52 | 2.20 | 1.48 | -2.97 |
| Tax % | 29.07% | 31.58% | 29.25% | 34.87% | 25.00% | 31.76% | -3.03% |
| 0.62 | 0.12 | 0.75 | 1.00 | 1.66 | 1.01 | -2.87 | |
| EPS in Rs | 0.91 | 0.14 | 0.85 | 1.02 | 1.04 | 0.64 | -1.80 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | -14% |
| TTM: | -29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -384% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -56% |
| 1 Year: | -84% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | 0% |
| Last Year: | -9% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3.92 | 5.00 | 5.00 | 5.62 | 9.11 | 9.11 | 15.94 |
| Reserves | 0.75 | 1.41 | 2.44 | 4.24 | 11.04 | 12.05 | 29.67 |
| 1.41 | 2.13 | 7.71 | 8.26 | 7.18 | 9.22 | 7.35 | |
| 9.57 | 13.89 | 14.86 | 21.76 | 11.61 | 4.39 | 8.13 | |
| Total Liabilities | 15.65 | 22.43 | 30.01 | 39.88 | 38.94 | 34.77 | 61.09 |
| 0.06 | 0.05 | 3.56 | 3.36 | 5.04 | 4.39 | 3.67 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 15.59 | 22.38 | 26.45 | 36.52 | 33.90 | 30.38 | 57.42 | |
| Total Assets | 15.65 | 22.43 | 30.01 | 39.88 | 38.94 | 34.77 | 61.09 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -3.14 | -0.96 | 4.36 | -5.50 | -5.46 | 2.07 | -24.06 | |
| -0.03 | -0.02 | -3.55 | -0.08 | -2.36 | -0.52 | -0.26 | |
| 3.44 | 0.62 | -0.79 | 5.86 | 7.73 | -1.50 | 24.35 | |
| Net Cash Flow | 0.28 | -0.36 | 0.01 | 0.27 | -0.09 | 0.05 | 0.03 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 138.71 | 58.42 | 112.32 | 216.34 | 38.72 | 60.04 | 61.52 |
| Inventory Days | 152.79 | 110.75 | 118.72 | 110.60 | 280.98 | 213.53 | 272.63 |
| Days Payable | 406.88 | 238.23 | 253.64 | 314.55 | 170.64 | 11.99 | 179.98 |
| Cash Conversion Cycle | -115.37 | -69.05 | -22.59 | 12.40 | 149.06 | 261.58 | 154.17 |
| Working Capital Days | -82.05 | -93.25 | -146.35 | 1.25 | 119.41 | 141.94 | 695.25 |
| ROCE % | 16.28% | 15.53% | 13.47% | 12.81% | 8.63% | -4.85% |
Documents
Announcements
-
Structural Digital Database
29 October 2025 - SDD compliance: two UPSI events captured; no noncompliance; quarter ended Sep 30, 2025.
-
Disclosure of material issue
24 October 2025 - Received vendor notice dated Oct 24, 2025 for dishonour of company cheque; company reviewing and resolving.
-
Action(s) initiated or orders passed
17 October 2025 - IT search at promoter Ragavan Rajkumar's residence Oct 14–16, 2025; promoters' statements recorded.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 October 2025 - Certificate under Regulation 74(5) from RTA for quarter ended September 30, 2025.
-
Awarding of order(s)/contract(s)
6 October 2025 - Received Rs 1,49,56,409.84 purchase order from Kotak Securities; execution within one month (Oct 6, 2025).
Business Overview:[1]
GSTL is a digital transformation company with a focus on cyber security. Company has executed cybersecurity transformation projects, infrastructure, and digital transformation projects for various institutions and also provided similar independent services viz. consultation, architecture, solution design, implementation, monitoring and providing managed services
a) Cybersecurity:
MDR services, cloud security services, data protection, email security, endpoint security, Email security, and Office 360 security
b) Integrated Enterprise Solution:
Design and implement Network Infrastructure, LAN WAN0, Wi-Fi solutions, server, storage, backup, BCP, unified communication, Software Defined Networking, SDWAN, next-gen and network transformation
c) Managed Services:
Third-party services for infrastructure, IT, and other technical support