MarketFriction

SecUR Credentials Ltd

NSE SECURCRED · BSE 543625 · Diversified Commercial Services
₹1.56 -3.11%
NSE close2025-04-15
Market cap₹6.41 Cr.
IPO 2017 · -97% since No trades in 30 days

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Sales12.3711.4212.0014.1910.017.017.044.070.050.79-0.870.59
Expenses8.986.945.5512.867.185.425.7016.792.651.450.200.68
Operating Profit3.394.486.451.332.831.591.34-12.72-2.60-0.66-1.07-0.09
OPM %27.41%39.23%53.75%9.37%28.27%22.68%19.03%-312.53%-5,200.00%-83.54%-15.25%
Other Income0.040.740.080.490.130.410.844.360.010.190.020.05
Interest0.730.620.590.940.550.670.610.490.540.390.520.11
Depreciation0.830.940.950.870.880.890.830.690.700.470.590.58
Profit before tax1.873.664.990.011.530.440.74-9.54-3.83-1.33-2.16-0.73
Tax %59.89%16.67%26.25%-1,200.00%34.64%-638.64%44.59%-25.26%0.00%0.00%0.00%0.00%
Net Profit0.763.063.680.141.013.250.41-7.13-3.83-1.33-2.16-0.73
EPS in Rs0.180.740.900.030.250.790.10-1.74-0.93-0.32-0.53-0.18
Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales0.830.004.419.8037.6460.0454.7442.6051.3346.2528.130.55
Expenses0.770.084.347.0729.6648.2746.9934.8143.5130.5735.104.95
Operating Profit0.06-0.080.072.737.9811.777.757.797.8215.68-6.97-4.40
OPM %7.23%1.59%27.86%21.20%19.60%14.16%18.29%15.23%33.90%-24.78%-800.00%
Other Income0.000.000.000.000.160.290.23-2.590.441.345.740.26
Interest0.000.000.000.130.341.973.894.212.762.892.321.56
Depreciation0.010.000.000.040.612.043.062.922.803.583.282.34
Profit before tax0.05-0.080.072.567.198.051.03-1.932.7010.55-6.83-8.04
Tax %40.00%0.00%71.43%32.81%28.23%29.81%66.02%12.44%39.63%26.26%-64.13%0.00%
Net Profit0.04-0.090.021.715.165.650.36-2.161.627.79-2.46-8.04
EPS in Rs1.251.370.09-0.520.391.90-0.60-1.96
Dividend Payout %0.00%0.00%0.00%0.00%0.00%4.33%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%-60%-78%-98%
Compounded Profit Growth%%%-227%
Stock Price CAGR%-16%-55%%
Return on Equity3%-1%-2%-21%
Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital0.010.010.010.014.894.894.894.894.8941.0641.0641.06
Reserves0.290.200.212.0233.6639.3038.9736.8132.694.051.59-6.45
Borrowings0.340.610.160.003.9726.9326.6917.6422.9721.2917.5318.03
Other Liabilities0.270.130.406.385.7717.7121.8224.7936.9026.4418.9313.27
Total Liabilities0.910.950.788.4148.2988.8392.3784.1397.4592.8479.1165.91
Fixed Assets0.030.010.000.3112.7433.6730.8812.3216.8215.3110.066.51
CWIP0.000.000.004.545.270.060.080.001.990.000.000.00
Investments0.000.000.000.000.000.000.000.030.020.020.020.02
Other Assets0.880.940.783.5630.2855.1061.4171.7878.6277.5169.0359.38
Total Assets0.910.950.788.4148.2988.8392.3784.1397.4592.8479.1165.91
Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity0.005.52-14.174.684.28-3.802.148.834.570.82
Cash from Investing Activity0.00-4.89-15.22-17.85-0.3811.63-5.65-0.080.111.21
Cash from Financing Activity0.00-0.2933.5515.01-3.93-13.033.39-8.85-4.56-2.70
Net Cash Flow0.000.354.161.83-0.03-5.19-0.12-0.100.12-0.67
Free Cash Flow0.000.63-27.95-13.084.007.95-3.518.754.682.03
CFO/OP0%218%-156%56%79%-45%27%74%-105%-19%
Mar 2012Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days0.000.0075.61148.46142.07164.10346.32278.03299.02431.0518,230.09
Inventory Days
Days Payable
Cash Conversion Cycle0.000.0075.61148.46142.07164.10346.32278.03299.02431.0518,230.09
Working Capital Days228.6729.80-118.07133.8247.7239.61166.13159.64242.83385.1116,683.82
ROCE %4.69%11.67%223.24%33.80%17.63%6.95%9.64%9.11%21.17%-7.13%-11.49%
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Public99.99%100.00%99.99%100.00%100.00%100.01%100.00%100.00%100.00%100.01%100.01%100.01%
No. of Shareholders6,2336,7508,5019,62610,06312,88513,87013,97713,94713,94713,94713,947

Fundamentals

Market Cap₹ 6.41 Cr.
Current Price₹ 1.56
Book Value₹ 8.43
ROCE-11.5 %
ROE-20.8 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-98%
Compounded Profit Growth (TTM)-227%
Standalone figures.
Valuation
Market capRs 6 Cr
Enterprise valueRs 22 Cr
Price to book0.19x
Price to sales11.45x
EV / sales39.95x
Price to cash flow7.82x
Earnings yield-125.58%
P/E, 3-year average12.39x
P/B, 3-year average1.88x
P/E, 5-year average8.34x
P/B, 5-year average0.99x
Profitability
Operating margin (excl. other income)-800.00%
Operating margin (incl. other income)-752.73%
EBITDA margin-741.07%
Pre-tax margin-1437.50%
Net profit margin-1437.50%
Net margin, latest quarter-123.73%
ROE-20.81%
ROCE-11.49%
ROA-11.09%
ROE, 3-year average-2.53%
ROCE, 3-year average0.85%
ROA, 3-year average-1.92%
ROE, 5-year average-1.71%
ROCE, 5-year average3.04%
ROA, 5-year average-1.28%
ROIC (approx.)-12.83%
Other income / net worth0.75%
Growth
Sales growth (latest year)-98.04%
Sales CAGR, 3 years-77.95%
Sales CAGR, 5 years-60.15%
Sales growth QoQ-167.82%
Sales growth YoY (latest quarter)-85.50%
Per share
EPS (TTM)Rs -1.96
EPS (latest quarter)Rs -0.18
EPS, 3-year averageRs 0.65
EPS, 5-year averageRs 0.05
Book value per shareRs 8.42
Sales per shareRs 0.14
Cash flow per shareRs 0.20
Free cash flow per shareRs 0.49
Efficiency
Asset turnover0.01x
Fixed asset turnover0.08x
Inventory turnover0.00x
Debtor days18230 days
Debtors turnover0.02x
Cash conversion cycle18230 days
Working capital days16684 days
Leverage
Total debtRs 18 Cr
Cash and bankRs 2 Cr
Net debtRs 16 Cr
Debt to equity0.52x
Interest coverage-4.16x
Owners' fund to total sources52.51%
Debt to assets27.36%
Cash flow
Cash from Operating Activity (latest year)Rs 1 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs -3 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs 2 Cr
FCFE (approx.: FCF + change in debt)Rs 3 Cr
Sales to cash flow0.67x
Statement figures
Net sales (TTM)Rs 1 Cr
Net sales (latest year)Rs 1 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs -4 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs -4 Cr
PBDT (TTM)Rs -6 Cr
Profit before tax (TTM)Rs -8 Cr
Net profit (TTM)Rs -8 Cr
Net profit (latest year)Rs -8 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 5 Cr
Total income (latest year)Rs 1 Cr
Share capitalRs 41 Cr
ReservesRs -6 Cr
Shareholders' fundsRs 35 Cr
Total assetsRs 66 Cr
Net blockRs 7 Cr
InvestmentsRs 0 Cr
ReceivablesRs 27 Cr
InventoryRs 14 Cr
Other liabilitiesRs 13 Cr
Shares outstanding (crore)4.11
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.15 is the lowest in 7.5 years (median 1.49).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSECURCREDNifty 50Difference
1 week-21.6%-2.8% -18.8 pts
1 month-54.1%-6.8% -47.3 pts
3 months-69.3%-7.6% -61.7 pts
6 months-86.3%+0.4% -86.7 pts
1 year-91.8%-9.9% -81.9 pts
2 years-94.8%-13.6% -81.2 pts
3 years-94.9%+14.2% -109.1 pts
5 years-61.1%+27.9% -89.0 pts

Red flags

F-score 3 of 8
explainReceivables outrunning sales Receivables grew -17% vs sales -98% in 2025
lookRepeated losses Net loss in each of the last two years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2025
Sales ₹1 Cr -85.5% vs Mar 2024. Net loss ₹1 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2023-09-22Annual General Meeting
2023-01-04Bonus 3:10.2500
2022-11-30Extra Ordinary General Meeting
DateTypeWhat it says
2026-09-30General UpdatesGeneral Updates
2026-09-30Shareholder meetingNotice of Annual General Meeting to be held on October 23, 2026
2026-09-30Board meeting outcomeOutcome of Board Meeting held on September 30, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of SecUR Credentials Ltd?

SecUR Credentials Ltd (SECURCRED) has a market capitalisation of Rs 6.41 Cr. at the 2025-04-15 close.

What were SecUR Credentials Ltd's latest quarterly results?

In the Mar 2025 quarter, SecUR Credentials Ltd sales was Rs 1 Cr (-85.5% vs Mar 2024) with a net loss of Rs 1 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03