Clear Secured Services Ltd
Clear Secured Services Limited (CSS) is a Mumbai‑based facility management, offering integrated security, maintenance, infrastructure, staffing, telecom, and IT services.[1]
- Market Cap ₹ 243 Cr.
- Current Price ₹ 101
- High / Low ₹ 164 / 95.0
- Stock P/E 14.5
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 25.6 %
- ROE 16.6 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 63.7 to 39.8 days.
Cons
- Company has a low return on equity of 13.4% over last 3 years.
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 209 | 221 | 259 | 431 | |
| 198 | 206 | 238 | 400 | |
| Operating Profit | 11 | 15 | 21 | 31 |
| OPM % | 5% | 7% | 8% | 7% |
| 1 | 2 | 3 | -3 | |
| Interest | 2 | 3 | 4 | 10 |
| Depreciation | 3 | 4 | 3 | 2 |
| Profit before tax | 7 | 10 | 18 | 17 |
| Tax % | 29% | 30% | 33% | 41% |
| 5 | 7 | 12 | 10 | |
| EPS in Rs | 189.20 | 278.80 | 469.60 | 396.40 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| TTM: | 66% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 47% |
| TTM: | 31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.25 | 0.25 | 0.25 | 18 |
| Reserves | 71 | 78 | 89 | 112 |
| 20 | 37 | 46 | 103 | |
| 37 | 32 | 29 | 32 | |
| Total Liabilities | 128 | 147 | 164 | 264 |
| 17 | 14 | 11 | 14 | |
| CWIP | 0 | 0 | 8 | 21 |
| Investments | 12 | 18 | 20 | 39 |
| 99 | 115 | 125 | 190 | |
| Total Assets | 128 | 147 | 164 | 264 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 12 | -7 | -19 | -22 | |
| -18 | -4 | -2 | -47 | |
| -6 | 14 | 6 | 33 | |
| Net Cash Flow | -12 | 3 | -16 | -35 |
| Free Cash Flow | 4 | -7 | -27 | -25 |
| CFO/OP | 150% | -30% | -68% | -58% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 87 | 85 | 66 | |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 87 | 85 | 66 | |
| Working Capital Days | 39 | 49 | 77 | |
| ROCE % | 13% | 16% |
Insights
In beta| Jan 2023 | Mar 2024 | Jan 2026 | |
|---|---|---|---|
| Integrated Facility Management (IFM) Revenue Contribution % |
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| E-Surveillance Revenue Contribution % |
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| Government & PSU Revenue Contribution % |
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| Infrastructure Solutions Revenue Contribution % |
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| Number of ATMs Managed ATMs |
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| Number of Branch Offices Offices |
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| Presence - Number of States States |
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| Customer Concentration (Top Customer Contribution) % |
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| Electronic Surveillance Capacity Sites |
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| Number of Trained Professionals / Guards Count |
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| Order Book - Government/PSU INR Cr |
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| Presence - Number of Cities Cities |
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Documents
Announcements
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Trading Window
30 March 2026 - Trading window closed from April 1, 2026 until 48 hours after audited FY/half-year results for March 31, 2026.
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Change in Management
23 March 2026 - CFO Rasika Sawant resigns effective March 31, 2026; Ashish V. Dubey appointed CFO effective April 1, 2026 (related party).
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Outcome of Board Meeting
23 March 2026 - CFO Rasika Sawant resigns effective Mar 31, 2026; Ashish Dubey (son of MD) appointed CFO effective Apr 1, 2026.
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Reply to Clarification- Financial results
16 February 2026 - Monitoring Agency report: IPO proceeds utilization Rs72.69cr of Rs85.60cr; unutilized Rs12.91cr as of Dec 31, 2025.
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Press Release
30 January 2026 - Won >₹200 crore per annum, five-year contract with multinational banking services provider, announced Jan 30, 2026.
Annual reports
No data available.
Concalls
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Jan 2026TranscriptAI SummaryPPT
Business Profile[1]
Clear Secured Services Limited (CSSL) is an integrated facility management and support services company offering a wide service portfolio across soft services, hard services, payment management, staffing, infrastructure solutions, cash van operations, telecom infrastructure, and agro-food trading.
It services 80+ active clients across telecom, BFSI, government, real estate, IT, retail, and industrial sectors. The company operates with a nationwide footprint, 4,000+ employees, and offers bundled, customized facility management, security, staffing, and infrastructure solutions.