Globesecure Technologies Ltd
₹ 13.9
2.96%
30 Apr
- close price
About
Incorporated in 2016, Globesecure Technologies Limited is in the business of IT Security products and related services[1]
Key Points
- Market Cap ₹ 22.2 Cr.
- Current Price ₹ 13.9
- High / Low ₹ 62.0 / 13.2
- Stock P/E 21.3
- Book Value ₹ 30.5
- Dividend Yield 0.00 %
- ROCE 8.63 %
- ROE 4.89 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.46 times its book value
- Debtor days have improved from 105 to 60.0 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -6.42%
- Promoter holding is low: 27.6%
- Company has a low return on equity of 8.28% over last 3 years.
- Promoters have pledged 30.2% of their holding.
- Earnings include an other income of Rs.1.14 Cr.
- Working capital days have increased from 164 days to 236 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
Sector: IT - Software Industry: Computers - Software - Medium / Small
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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 | TTM | |
|---|---|---|---|---|---|---|---|
| 9.92 | 19.18 | 18.88 | 26.37 | 25.83 | 23.89 | 24.35 | |
| 8.87 | 18.02 | 17.06 | 23.98 | 22.43 | 21.47 | 21.81 | |
| Operating Profit | 1.05 | 1.16 | 1.82 | 2.39 | 3.40 | 2.42 | 2.54 |
| OPM % | 10.58% | 6.05% | 9.64% | 9.06% | 13.16% | 10.13% | 10.43% |
| 0.51 | 0.06 | 0.07 | 0.24 | 0.02 | 1.13 | 1.14 | |
| Interest | 0.66 | 1.00 | 0.79 | 0.72 | 0.71 | 1.01 | 1.28 |
| Depreciation | 0.04 | 0.03 | 0.04 | 0.39 | 0.51 | 1.06 | 0.94 |
| Profit before tax | 0.86 | 0.19 | 1.06 | 1.52 | 2.20 | 1.48 | 1.46 |
| Tax % | 29.07% | 31.58% | 29.25% | 34.87% | 25.00% | 31.76% | |
| 0.62 | 0.12 | 0.75 | 1.00 | 1.66 | 1.01 | 1.04 | |
| EPS in Rs | 0.91 | 0.14 | 0.85 | 1.02 | 1.04 | 0.64 | 0.65 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 8% |
| TTM: | -20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 11% |
| TTM: | -29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -68% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 8% |
| Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| 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 | 32.72 |
| 1.41 | 2.13 | 7.71 | 8.26 | 7.18 | 9.22 | 6.99 | |
| 9.57 | 13.89 | 14.86 | 21.76 | 11.61 | 4.39 | 4.22 | |
| Total Liabilities | 15.65 | 22.43 | 30.01 | 39.88 | 38.94 | 34.77 | 59.87 |
| 0.06 | 0.05 | 3.56 | 3.36 | 5.04 | 4.39 | 4.00 | |
| 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 | 55.87 | |
| Total Assets | 15.65 | 22.43 | 30.01 | 39.88 | 38.94 | 34.77 | 59.87 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -3.14 | -0.96 | 4.36 | -5.50 | -5.46 | 2.07 | |
| -0.03 | -0.02 | -3.55 | -0.08 | -2.36 | -0.52 | |
| 3.44 | 0.62 | -0.79 | 5.86 | 7.73 | -1.50 | |
| Net Cash Flow | 0.28 | -0.36 | 0.01 | 0.27 | -0.09 | 0.05 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 138.71 | 58.42 | 112.32 | 216.34 | 38.72 | 60.04 |
| Inventory Days | 152.79 | 110.75 | 118.72 | 110.60 | 280.98 | 213.53 |
| Days Payable | 406.88 | 238.23 | 253.64 | 314.55 | 170.64 | 11.99 |
| Cash Conversion Cycle | -115.37 | -69.05 | -22.59 | 12.40 | 149.06 | 261.58 |
| Working Capital Days | -45.62 | -77.45 | -40.99 | 69.35 | 188.36 | 235.75 |
| ROCE % | 16.28% | 15.53% | 13.47% | 12.81% | 8.63% |
Documents
Announcements
-
Structural Digital Database
29 April 2025 - SDD compliance certificate for quarter ended March 31, 2025; no noncompliances reported.
-
Updates
23 April 2025 - Globesecure confirms non-applicability of SEBI large corporate fundraising rules for FY 2025-26.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
16 April 2025 - Exemption from filing Corporate Governance Report for March 2025 quarter.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 April 2025 - Submission of quarterly share transfer agent compliance certificate.
-
Action(s) initiated or orders passed
11 April 2025 - NCLT hearing scheduled for insolvency application; Rs 1.32 crore default disclosed.
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