Ankündigung • Apr 24
SecUR Credentials Limited to Report Q4, 2025 Results on Apr 29, 2026 SecUR Credentials Limited announced that they will report Q4, 2025 results at 12:08 PM, Indian Standard Time on Apr 29, 2026 Ankündigung • Apr 11
SecUR Credentials Limited to Report Q1, 2025 Results on Apr 17, 2026 SecUR Credentials Limited announced that they will report Q1, 2025 results at 12:08 PM, Indian Standard Time on Apr 17, 2026 Ankündigung • Mar 11
SecUR Credentials Limited, Annual General Meeting, Apr 03, 2026 SecUR Credentials Limited, Annual General Meeting, Apr 03, 2026, at 11:00 Indian Standard Time. Ankündigung • Jan 30
SecUR Credentials Limited to Report Q1, 2025 Results on Feb 04, 2026 SecUR Credentials Limited announced that they will report Q1, 2025 results at 12:08 PM, Indian Standard Time on Feb 04, 2026 Ankündigung • Mar 09
SecUR Credentials Limited Announces Resignation of Stuti Pareek as Company Secretary SecUR Credentials Limited announced that Ms. Stuti Pareek, has resigned from her position as the Company Secretary of the Company with effect from 6th March, 2025. Due to some personal reasons, she decided to resign from the post of Company Secretary of the Company. New Risk • Jan 19
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Interest payments are not well covered by earnings (1.5x net interest cover). Revenue has declined by 34% over the past year. Market cap is less than US$10m (₹125.2m market cap, or US$1.45m). Minor Risk Revenue is less than US$5m (₹382m revenue, or US$4.4m). New Risk • Dec 31
New major risk - Revenue and earnings growth Revenue has declined by 34% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Revenue has declined by 34% over the past year. Market cap is less than US$10m (₹139.2m market cap, or US$1.63m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Revenue is less than US$5m (₹382m revenue, or US$4.5m). Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹3.88, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 37x in the Professional Services industry in India. Total loss to shareholders of 78% over the past year. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹3.96, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 36x in the Professional Services industry in India. Total loss to shareholders of 78% over the past year. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹6.83, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 35x in the Professional Services industry in India. Total loss to shareholders of 61% over the past year. New Risk • Aug 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Market cap is less than US$10m (₹250.5m market cap, or US$2.99m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (8.2% average weekly change). Revenue is less than US$5m (₹382m revenue, or US$4.6m). New Risk • Aug 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Market cap is less than US$10m (₹279.2m market cap, or US$3.33m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Revenue is less than US$5m (₹382m revenue, or US$4.6m). Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹6.67, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 34x in the Professional Services industry in India. Total loss to shareholders of 67% over the past year. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹9.41, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 32x in the Professional Services industry in India. Total loss to shareholders of 54% over the past year. Board Change • Jun 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director Amit Bharti was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Jun 26
SecUR Credentials Limited to Report Q4, 2024 Results on Jul 08, 2024 SecUR Credentials Limited announced that they will report Q4, 2024 results on Jul 08, 2024 Ankündigung • Jun 25
SecUR Credentials Limited Announces Board Appointment The board of directors of SecUR Credentials Limited at its meeting held on 24 June, 2024, Considered and approved the appointment of Ms. Stuti Pareek as the Company Secretary and Compliance Officer of the company with effect from 24 June, 2024; Considered and approved the appointment of Mr. Bhimsen Pawar Vishwanath (DIN: 05357248) as an Additional (Executive) Director of the company with effect from 24 June, 2024. Ms. Stuti Pareek is an Associate Member of the Institute of Company Secretaries of India, holding Membership no: ACS 70965. She has experience of over 2 years in the regulatory and compliance matters for both listed and unlisted companies. Mr. Bhimsen Vishwanath Pawar has completed his graduation in the field of Commerce from Mumbai University. He has received Apprentice Training in automobiles. He has around more than 12 years of experience in premier automobile companies. Also, he has worked with L&T. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹21.50, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 26x in the Professional Services industry in India. Total loss to shareholders of 9.7% over the past year. Ankündigung • Feb 06
Mithun Lalitkumar Kothar Resigns as Independent Director of SecUR Credentials Limited SecUR Credentials Limited announced that Mr. MITHUN LALITKUMAR KOTHARI (DIN: 07520793) has tendered his resignation as the Independent Director of the Company with effect from close of business hours on 06th February, 2024, citing prior commitments and workload. New Risk • Feb 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹829.5m (US$9.99m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (₹829.5m market cap, or US$9.99m). Minor Risk Revenue is less than US$5m (₹382m revenue, or US$4.6m). Reported Earnings • Jan 21
Third quarter 2024 earnings released: EPS: ₹0.10 (vs ₹0.90 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.10 (down from ₹0.90 in 3Q 2023). Revenue: ₹78.8m (down 34% from 3Q 2023). Net income: ₹4.14m (down 89% from 3Q 2023). Profit margin: 5.3% (down from 31% in 3Q 2023). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹24.05, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 27x in the Professional Services industry in India. Total returns to shareholders of 10% over the past year. Ankündigung • Jan 10
SecUR Credentials Limited to Report Q3, 2024 Results on Jan 19, 2024 SecUR Credentials Limited announced that they will report Q3, 2024 results on Jan 19, 2024 Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹23.30, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 27x in the Professional Services industry in India. Total loss to shareholders of 23% over the past year. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹23.19, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 23x in the Professional Services industry in India. Total loss to shareholders of 19% over the past year. Reported Earnings • Nov 23
Second quarter 2024 earnings released: EPS: ₹0.79 (vs ₹0.74 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.79 (up from ₹0.74 in 2Q 2023). Revenue: ₹74.1m (down 35% from 2Q 2023). Net income: ₹32.5m (up 6.3% from 2Q 2023). Profit margin: 44% (up from 27% in 2Q 2023). The increase in margin was driven by lower expenses. Buying Opportunity • Nov 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 2.6%. The fair value is estimated to be ₹24.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Meanwhile, the company has become profitable. Ankündigung • Nov 11
SecUR Credentials Limited to Report Q2, 2024 Results on Nov 14, 2023 SecUR Credentials Limited announced that they will report Q2, 2024 results on Nov 14, 2023 Buying Opportunity • Oct 23
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be ₹24.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹20.80, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 27x in the Professional Services industry in India. Total returns to shareholders of 9.5% over the past year. Buying Opportunity • Sep 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be ₹23.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹19.10, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 27x in the Professional Services industry in India. Ankündigung • Sep 09
SecUR Credentials Limited, Annual General Meeting, Sep 30, 2023 SecUR Credentials Limited, Annual General Meeting, Sep 30, 2023, at 11:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2023 and the Reports of the Board of Directors and Auditors thereon; to Re-appoint Mr. Ashish Ramesh Mahendrakar, Executive Director, who retires by rotation and being eligible, offers himself for re-appointment and to consider other matters. New Risk • Aug 21
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Market cap is less than US$10m (₹761.7m market cap, or US$9.16m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Ankündigung • Aug 05
SecUR Credentials Limited to Report Q1, 2024 Results on Aug 11, 2023 SecUR Credentials Limited announced that they will report Q1, 2024 results on Aug 11, 2023 New Risk • Aug 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Market cap is less than US$10m (₹821.3m market cap, or US$9.93m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). New Risk • Jul 12
New major risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹823.3m (US$10.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risk Market cap is less than US$100m (₹823.3m market cap, or US$10.0m). Ankündigung • May 13
SecUR Credentials Limited to Report Q4, 2023 Results on May 19, 2023 SecUR Credentials Limited announced that they will report Q4, 2023 results at 4:00 PM, Indian Standard Time on May 19, 2023 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹26.20, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 24x in the Professional Services industry in India. Recent Insider Transactions • Apr 01
Chairperson & MD recently sold ₹4.3m worth of stock On the 27th of March, Rahul Belwalkar sold around 171k shares on-market at roughly ₹24.82 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Rahul's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹23.65, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 25x in the Professional Services industry in India. Recent Insider Transactions • Mar 06
Insider recently sold ₹3.4m worth of stock On the 1st of March, Shibani Belwalkar sold around 110k shares on-market at roughly ₹30.48 per share. This transaction amounted to 6.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹168m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹28.10, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 26x in the Professional Services industry in India. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: ₹3.58 (vs ₹0.14 in 3Q 2022) Third quarter 2023 results: EPS: ₹3.58 (up from ₹0.14 in 3Q 2022). Revenue: ₹120.8m (down 27% from 3Q 2022). Net income: ₹36.8m (up ₹31.2m from 3Q 2022). Profit margin: 31% (up from 3.4% in 3Q 2022). The increase in margin was driven by lower expenses. Ankündigung • Jan 21
SecUR Credentials Limited to Report Q3, 2023 Results on Jan 31, 2023 SecUR Credentials Limited announced that they will report Q3, 2023 results on Jan 31, 2023 Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₹27.80, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 25x in the Professional Services industry in India. Ankündigung • Jan 07
SecUR Credentials Limited Appoints Ashish Ramesh Mahendrakar as Additional Director SecUR Credentials Limited approved the appointment of Mr. Ashish Ramesh Mahendrakar (DIN: 03584695) as an Additional Director (Executive and Professional) of the Company pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, at the board meeting held on January 5, 2023. Reported Earnings • Nov 20
Second quarter 2023 earnings released Second quarter 2023 results: EPS: ₹2.98. Net income: ₹30.6m (up ₹30.6m from 2Q 2022). Ankündigung • Nov 15
SecUR Credentials Limited Approves Board Changes SecUR Credentials Limited announced that at its board meeting held on November 14, 2022, reviewed Structure, Scope and Functions of all existing committees and resolved for certain changes, and also resolved to voluntarily constitute a formal Risk Management Committee combined with Compliance Management Committee and termed it as Risk and Compliance Management Committee; revised structure, scope, terms and functions of each committee. Risk and compliance management committee: Mithun Kothari, Chairman and Voting Member; Rahul Belwalkar, Voting Member; Amit Kumar Bharti, Voting Member; Prateek Jain, Voting Member; Khushbu Chiragbhai Shah CS, Secretary and Convener; Richard Desouza Head Operations, Permanent Invitee; Ashish Ramesh Mahendrakar – CFO, Permanent Invitee; Bhavna Mewada Finance & Operations Permanent Invitee. Audit Committee: Mithun Kothari, Chairman; Amit Kumar Bharti, Member; Shireen Khan, Member. Nomination And Remuneration Committee: Mithun Kothari, Chairman; Amit Kumar Bharti, Member; Shireen Khan, Member. Stakeholder Relationship Committee: Mithun Kothari, Chairman; Amit Kumar Bharti, Member; Shireen Khan, Member. Corporate Social Responsibility Committee: Mithun Kothari, Chairman; Amit Kumar Bharti, Member; Shireen Khan, Member. Ankündigung • Nov 06
SecUR Credentials Limited to Report Q2, 2023 Results on Nov 14, 2022 SecUR Credentials Limited announced that they will report Q2, 2023 results on Nov 14, 2022 