SecUR Credentials Ltd
Incorporated in 2001, SecUR Credentials Ltd is in the business of employee background screening and Human Resource solutions providers[1]
- Market Cap ₹ 6.41 Cr.
- Current Price ₹ 1.56
- High / Low ₹ 1.88 / 1.52
- Stock P/E
- Book Value ₹ 10.4
- Dividend Yield 0.00 %
- ROCE -6.97 %
- ROE -5.61 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.15 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -14.1% over past five years.
- Company has a low return on equity of 5.57% over last 3 years.
- Company has high debtors of 431 days.
- Working capital days have increased from 313 days to 535 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2011 | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.69 | 0.83 | 0.00 | 4.41 | 9.80 | 37.64 | 60.04 | 54.74 | 42.60 | 51.33 | 46.25 | 28.13 | |
| 0.65 | 0.77 | 0.08 | 4.34 | 7.07 | 29.66 | 48.27 | 46.99 | 34.81 | 43.51 | 30.57 | 35.10 | |
| Operating Profit | 0.04 | 0.06 | -0.08 | 0.07 | 2.73 | 7.98 | 11.77 | 7.75 | 7.79 | 7.82 | 15.68 | -6.97 |
| OPM % | 5.80% | 7.23% | 1.59% | 27.86% | 21.20% | 19.60% | 14.16% | 18.29% | 15.23% | 33.90% | -24.78% | |
| 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.16 | 0.29 | 0.23 | -2.59 | 0.44 | 1.34 | 5.74 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.34 | 1.97 | 3.89 | 4.21 | 2.76 | 2.89 | 2.32 |
| Depreciation | 0.01 | 0.01 | 0.00 | 0.00 | 0.04 | 0.61 | 2.04 | 3.06 | 2.92 | 2.80 | 3.58 | 3.28 |
| 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 | -6.83 |
| Tax % | 20.00% | 40.00% | 0.00% | 71.43% | 32.81% | 28.23% | 29.81% | 66.02% | 12.44% | 39.63% | 26.26% | -64.13% |
| 0.03 | 0.04 | -0.09 | 0.02 | 1.71 | 5.16 | 5.65 | 0.36 | -2.16 | 1.62 | 7.79 | -2.46 | |
| EPS in Rs | 1.25 | 1.37 | 0.09 | -0.52 | 0.39 | 1.90 | -0.60 | |||||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -14% |
| 3 Years: | -13% |
| TTM: | -39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -27% |
| TTM: | -132% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | -61% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 3% |
| 3 Years: | 6% |
| Last Year: | -6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2011 | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.59 |
| 1.21 | 0.34 | 0.61 | 0.16 | 0.00 | 3.97 | 26.93 | 26.69 | 17.64 | 22.97 | 21.29 | 20.37 | |
| 0.13 | 0.27 | 0.13 | 0.40 | 6.38 | 5.77 | 17.71 | 21.82 | 24.79 | 36.90 | 26.44 | 15.97 | |
| Total Liabilities | 1.62 | 0.91 | 0.95 | 0.78 | 8.41 | 48.29 | 88.83 | 92.37 | 84.13 | 97.45 | 92.84 | 78.99 |
| 0.04 | 0.03 | 0.01 | 0.00 | 0.31 | 12.74 | 33.67 | 30.88 | 12.32 | 16.82 | 15.31 | 10.06 | |
| 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 |
| 1.58 | 0.88 | 0.94 | 0.78 | 3.56 | 30.28 | 55.10 | 61.41 | 71.78 | 78.62 | 77.51 | 68.91 | |
| Total Assets | 1.62 | 0.91 | 0.95 | 0.78 | 8.41 | 48.29 | 88.83 | 92.37 | 84.13 | 97.45 | 92.84 | 78.99 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2011 | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 5.52 | -14.17 | 4.68 | 4.28 | -3.80 | 2.14 | 8.83 | 4.57 | |||
| 0.00 | 0.00 | -4.89 | -15.22 | -17.85 | -0.38 | 11.63 | -5.65 | -0.08 | 0.11 | |||
| 0.00 | 0.00 | -0.29 | 33.55 | 15.01 | -3.93 | -13.03 | 3.39 | -8.85 | -4.57 | |||
| Net Cash Flow | 0.00 | 0.00 | 0.35 | 4.16 | 1.83 | -0.03 | -5.19 | -0.12 | -0.10 | 0.12 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2011 | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 338.55 | 0.00 | 0.00 | 75.61 | 148.46 | 142.07 | 164.10 | 346.32 | 278.03 | 299.02 | 431.05 | |
| 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 | 431.05 | |
| Working Capital Days | 682.39 | 228.67 | 29.80 | -118.07 | 133.82 | 47.72 | 39.61 | 166.13 | 159.64 | 242.83 | 535.11 | |
| ROCE % | 4.69% | 11.67% | 223.24% | 33.80% | 17.63% | 6.95% | 9.64% | 9.11% | 21.17% | -6.97% |
Insights
In beta| Mar 2018 | Dec 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Number of Employees Count |
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| Branch Network Presence (Cities) Count |
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| Number of Clients Count |
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| Unbilled Revenue (as reported in audit qualification) INR Lakhs |
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Documents
Announcements
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
21 Mar - Annual secretarial compliance report for FY2024-25; SEBI interim order (13 June 2024) restrained director; multiple LODR non-compliances.
- Reg. 34 (1) Annual Report. 12 Mar
- Record Date For Voting At 23Rd Annual General Meeting Of The Company - March 27, 2026 12 Mar
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Notice Of The 23Rd Annual General Meeting Of The Company
12 Mar - AGM April 3, 2026; appoint Bhimsen Pawar as whole-time director five years; JPMD auditors from Jan 12, 2026.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On March 10, 2026
10 Mar - Appointed Praveen Tiwari & Associates as secretarial auditors for FY2024-25; AGM on April 3, 2026 (VC/OAVM).
Business Overview:[1][2]
SCL is India's first and largest listed employee background verification company, providing integrated services to over 1,000 large corporations across various sectors. The company specializes in delivering customized solutions tailored to clients' risk frameworks. Headquartered in Mumbai, SCL operates branch offices in Delhi, Bengaluru, Hyderabad, and Chandigarh.