SecUR Credentials Ltd

SecUR Credentials Ltd

₹ 1.56 -3.11%
15 Apr 2025
About

Incorporated in 2001, SecUR Credentials Ltd is in the business of employee background screening and Human Resource solutions providers[1]

Key Points

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.

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
6.77 8.27 10.05 10.92 22.10 12.37 11.42 12.00 14.19 10.01 7.01 7.04 4.07
6.01 6.37 8.09 9.41 19.65 8.98 6.94 5.55 12.86 7.18 5.42 5.70 16.79
Operating Profit 0.76 1.90 1.96 1.51 2.45 3.39 4.48 6.45 1.33 2.83 1.59 1.34 -12.72
OPM % 11.23% 22.97% 19.50% 13.83% 11.09% 27.41% 39.23% 53.75% 9.37% 28.27% 22.68% 19.03% -312.53%
0.07 0.02 0.24 0.05 0.13 0.04 0.74 0.08 0.49 0.13 0.41 0.84 4.36
Interest 0.11 0.59 0.93 0.29 0.95 0.73 0.62 0.59 0.94 0.55 0.67 0.61 0.49
Depreciation 0.02 0.47 0.84 0.73 0.77 0.83 0.94 0.95 0.87 0.88 0.89 0.83 0.69
Profit before tax 0.70 0.86 0.43 0.54 0.86 1.87 3.66 4.99 0.01 1.53 0.44 0.74 -9.54
Tax % 30.00% 44.19% -58.14% 50.00% -4.65% 59.89% 16.67% 26.25% -1,200.00% 34.64% -638.64% 44.59% -25.26%
0.48 0.48 0.69 0.27 0.91 0.76 3.06 3.68 0.14 1.01 3.25 0.41 -7.13
EPS in Rs 0.17 0.12 0.17 0.07 0.22 0.18 0.74 0.90 0.03 0.25 0.79 0.10 -1.74
Raw PDF

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

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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
Number of Clients
Count
Unbilled Revenue (as reported in audit qualification)
INR Lakhs

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
0.23% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
99.76% 99.99% 100.00% 99.99% 100.00% 100.00% 100.01% 100.00% 100.00% 100.00% 100.01% 100.01%
No. of Shareholders 5,9956,2336,7508,5019,62610,06312,88513,87013,97713,94713,94713,947

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