Globesecure Technologies Ltd
Incorporated in 2016, Globesecure Technologies Limited is in the business of IT Security products and related services[1]
- Market Cap ₹ 44.6 Cr.
- Current Price ₹ 49.0
- High / Low ₹ 134 / 39.0
- Stock P/E 30.4
- Book Value ₹ 22.3
- Dividend Yield 0.00 %
- ROCE 12.8 %
- ROE 11.1 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 122 to 38.7 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 35.8%
- Company has a low return on equity of 11.1% over last 3 years.
- Company might be capitalizing the interest cost
- Promoters have pledged 33.8% of their holding.
- Working capital days have increased from 72.2 days to 188 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|
| 9.92 | 19.18 | 18.88 | 26.37 | 25.83 | 30.34 | |
| 8.87 | 18.02 | 17.06 | 23.98 | 22.43 | 26.59 | |
| Operating Profit | 1.05 | 1.16 | 1.82 | 2.39 | 3.40 | 3.75 |
| OPM % | 10.58% | 6.05% | 9.64% | 9.06% | 13.16% | 12.36% |
| 0.51 | 0.06 | 0.07 | 0.24 | 0.02 | 0.00 | |
| Interest | 0.66 | 1.00 | 0.79 | 0.72 | 0.71 | 0.74 |
| Depreciation | 0.04 | 0.03 | 0.04 | 0.39 | 0.51 | 0.82 |
| Profit before tax | 0.86 | 0.19 | 1.06 | 1.52 | 2.20 | 2.19 |
| Tax % | 29.07% | 31.58% | 29.25% | 34.87% | 25.00% | |
| 0.62 | 0.12 | 0.75 | 1.00 | 1.66 | 1.47 | |
| EPS in Rs | 1.61 | 0.24 | 1.50 | 1.78 | 1.82 | 1.61 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 10% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 140% |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -51% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| Last Year: | 11% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3.92 | 5.00 | 5.00 | 5.62 | 9.11 | 9.11 |
| Reserves | 0.75 | 1.41 | 2.44 | 4.24 | 11.04 | 11.24 |
| 1.41 | 2.13 | 7.71 | 8.26 | 7.18 | 11.37 | |
| 9.57 | 13.89 | 14.86 | 21.76 | 11.61 | 4.46 | |
| Total Liabilities | 15.65 | 22.43 | 30.01 | 39.88 | 38.94 | 36.18 |
| 0.06 | 0.05 | 3.56 | 3.36 | 5.04 | 4.79 | |
| CWIP | 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 |
| 15.59 | 22.38 | 26.45 | 36.52 | 33.90 | 31.39 | |
| Total Assets | 15.65 | 22.43 | 30.01 | 39.88 | 38.94 | 36.18 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| -3.14 | -0.96 | 4.36 | -5.50 | -5.46 | |
| -0.03 | -0.02 | -3.55 | -0.08 | -2.36 | |
| 3.44 | 0.62 | -0.79 | 5.86 | 7.73 | |
| Net Cash Flow | 0.28 | -0.36 | 0.01 | 0.27 | -0.09 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Debtor Days | 138.71 | 58.42 | 112.32 | 216.34 | 38.72 |
| Inventory Days | 152.79 | 110.75 | 118.72 | 110.60 | 280.98 |
| Days Payable | 406.88 | 238.23 | 253.64 | 314.55 | 170.64 |
| Cash Conversion Cycle | -115.37 | -69.05 | -22.59 | 12.40 | 149.06 |
| Working Capital Days | -45.62 | -77.45 | -40.99 | 69.35 | 188.36 |
| ROCE % | 16.28% | 15.53% | 13.47% | 12.81% |
Documents
Announcements
- Certificate under SEBI (Depositories and Participants) Regulations, 2018 12 April 2024
- Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 11 April 2024
- Updates 9 April 2024
- Updates 9 April 2024
- Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent 29 March 2024
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