New Risk • Dec 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.4% average weekly change). Earnings have declined by 65% per year over the past 5 years. Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Market cap is less than US$10m (₹175.3m market cap, or US$1.94m). Minor Risk Revenue is less than US$5m (₹143m revenue, or US$1.6m). Aankondiging • Nov 14
Globesecure Technologies Limited to Report First Half, 2026 Results on Nov 14, 2025 Globesecure Technologies Limited announced that they will report first half, 2026 results on Nov 14, 2025 New Risk • Sep 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 75% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Market cap is less than US$10m (₹143.5m market cap, or US$1.62m). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Revenue is less than US$5m (₹169m revenue, or US$1.9m). New Risk • Sep 24
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 6.7% 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 Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (₹85.6m market cap, or US$965.0k). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Revenue is less than US$5m (₹169m revenue, or US$1.9m). Aankondiging • Sep 05
Globesecure Technologies Limited, Annual General Meeting, Sep 30, 2025 Globesecure Technologies Limited, Annual General Meeting, Sep 30, 2025, at 09:00 Indian Standard Time. Location: intern. by suba international, chakala, 211, sahar rd., andheri east, mumbai-400099, mumbai India New Risk • Jun 27
New major risk - Revenue and earnings growth Earnings have declined by 23% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (₹103.8m market cap, or US$1.21m). Minor Risk Revenue is less than US$5m (₹169m revenue, or US$2.0m). New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. 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 High level of non-cash earnings (50% accrual ratio). Market cap is less than US$10m (₹121.1m market cap, or US$1.42m). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Significant insider selling over the past 3 months (₹6.2m sold). Revenue is less than US$5m (₹244m revenue, or US$2.9m). Board Change • May 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Non-Executive Independent Director Gopala Ramaratnam was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹13.80, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 30x in the Software industry in India. Total loss to shareholders of 63% over the past year. Recent Insider Transactions • Mar 06
MD & Chairman recently bought ₹256k worth of stock On the 27th of February, Ragavan Rajkumar bought around 11k shares on-market at roughly ₹23.25 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Ragavan has been a net seller over the last 12 months, reducing personal holdings by ₹33m. Board Change • Mar 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Non-Executive Independent Director Gopala Ramaratnam was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹35.05, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 42x in the Software industry in India. Total loss to shareholders of 55% over the past year. Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Non-Executive Independent Director Gopala Ramaratnam was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 23
MD & Chairman recently sold ₹21m worth of stock On the 19th of November, Ragavan Rajkumar sold around 526k shares on-market at roughly ₹39.39 per share. This transaction amounted to 11% 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 Ragavan's only on-market trade for the last 12 months. New Risk • Nov 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 50% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (50% accrual ratio). Market cap is less than US$10m (₹396.2m market cap, or US$4.69m). Minor Risk Revenue is less than US$5m (₹244m revenue, or US$2.9m). Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹46.80, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 33x in the Software industry in India. Total loss to shareholders of 23% over the past year. Buy Or Sell Opportunity • Oct 21
Now 22% overvalued Over the last 90 days, the stock has fallen 2.8% to ₹42.70. The fair value is estimated to be ₹35.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has declined by 7.0%. Aankondiging • Sep 13
Globesecure Technologies Limited, Annual General Meeting, Sep 30, 2024 Globesecure Technologies Limited, Annual General Meeting, Sep 30, 2024, at 09:00 Indian Standard Time. Location: the international by tunga, b-11, midc, central road, andheri east, mumbai-400093, mumbai India Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹53.45, the stock trades at a trailing P/E ratio of 48.1x. Average trailing P/E is 42x in the Software industry in India. Total loss to shareholders of 51% over the past year. Buy Or Sell Opportunity • Aug 19
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at ₹44.10. The fair value is estimated to be ₹35.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has declined by 7.0%. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹44.20, the stock trades at a trailing P/E ratio of 39.8x. Average trailing P/E is 39x in the Software industry in India. Total loss to shareholders of 63% over the past year. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹54.10, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 40x in the Software industry in India. Total loss to shareholders of 50% over the past year. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹49.55, the stock trades at a trailing P/E ratio of 44.6x. Average trailing P/E is 41x in the Software industry in India. Total loss to shareholders of 40% over the past year. New Risk • May 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Risk Market cap is less than US$10m (₹373.4m market cap, or US$4.50m). Minor Risks High level of debt (55% net debt to equity). Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (8.1% average weekly change). Revenue is less than US$5m (₹303m revenue, or US$3.7m). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹48.00, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 35x in the IT industry in India. Total loss to shareholders of 57% over the past year. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹55.75, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 37x in the IT industry in India. Total loss to shareholders of 59% over the past year. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹73.50, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 37x in the IT industry in India. Total loss to shareholders of 12% over the past year. New Risk • Nov 15
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 55% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹565.6m market cap, or US$6.81m). Minor Risks High level of debt (55% net debt to equity). Share price has been volatile over the past 3 months (8.4% average weekly change). Revenue is less than US$5m (₹303m revenue, or US$3.6m). New Risk • Oct 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹732.3m (US$8.80m) 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 High level of non-cash earnings (42% accrual ratio). Market cap is less than US$10m (₹732.3m market cap, or US$8.80m). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Revenue is less than US$5m (₹258m revenue, or US$3.1m). Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹80.40, the stock trades at a trailing P/E ratio of 44.2x. Average trailing P/E is 38x in the IT industry in India. Total loss to shareholders of 2.1% over the past year. Aankondiging • Sep 06
Globesecure Technologies Limited, Annual General Meeting, Sep 29, 2023 Globesecure Technologies Limited, Annual General Meeting, Sep 29, 2023, at 09:00 Indian Standard Time. Location: The International by Tunga, B 11, MIDC Central Road, Mulgaon, Andheri East, Mumbai Maharashtra India Agenda: To receive, consider and adopt the Audited Financial Statements for the financial year ended 31st March, 2023 and the Reports of Directors' and Auditors' thereon; to appoint a director in place of Mr. Sonam Rajkumar who retires by rotation, and being eligible, offers herself for re-appointment; to increase the overall limit of maximum remuneration payable to the Director- Mrs. Sonam Ragavan; and to consider other matters. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹113, the stock trades at a trailing P/E ratio of 62.3x. Average trailing P/E is 33x in the IT industry in India. Total returns to shareholders of 13% over the past year. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹95.10, the stock trades at a trailing P/E ratio of 52.3x. Average trailing P/E is 34x in the IT industry in India. Total loss to shareholders of 22% over the past year. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹78.85, the stock trades at a trailing P/E ratio of 43.3x. Average trailing P/E is 30x in the IT industry in India. Total returns to shareholders of 75% over the past year. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹1.94 (vs ₹1.78 in FY 2022) Full year 2023 results: EPS: ₹1.94 (up from ₹1.78 in FY 2022). Revenue: ₹258.5m (down 2.0% from FY 2022). Net income: ₹16.6m (up 66% from FY 2022). Profit margin: 6.4% (up from 3.8% in FY 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improved over the past week After last week's 15% share price gain to ₹92.30, the stock trades at a trailing P/E ratio of 65.6x. Average trailing P/E is 26x in the IT industry in India. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. MD & Chairman Ragavan Rajkumar is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹79.25, the stock trades at a trailing P/E ratio of 72.2x. Average trailing P/E is 24x in the IT industry in India. Reported Earnings • Sep 19
Full year 2022 earnings released: EPS: ₹1.78 (vs ₹2.01 in FY 2021) Full year 2022 results: EPS: ₹1.78 (down from ₹2.01 in FY 2021). Revenue: ₹263.7m (up 38% from FY 2021). Net income: ₹9.99m (flat on FY 2021). Profit margin: 3.8% (down from 5.3% in FY 2021). The decrease in margin was driven by higher expenses. Aankondiging • Sep 03
Globesecure Technologies Limited, Annual General Meeting, Sep 30, 2022 Globesecure Technologies Limited, Annual General Meeting, Sep 30, 2022, at 09:00 Indian Standard Time. Location: Hamra Hall, Suba International, Chakala, 211, Sahar Rd Opposite Cigarette Factory, Wing-C, Dawoolwadi, Andheri East Mumbai India Agenda: To receive, consider and adopt the Audited Financial Statements for the financial year ended 31st March, 2022 and the Reports of Directors' and Auditors' thereon; to appoint a Director in place of Mr. Ragavan Rajkumar who retires by rotation, and being eligible, offers himself for re-appointment; to consider continuation of Appointment of Mr. Sushilkumar Agrawal as Non-executive Independent Director of the Company who has attained age of 70 years; and to transact other matters. Board Change • Jun 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. MD & Chairman Ragavan Rajkumar is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.