NSEI:SECURCRED

Stock Analysis Report

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Executive Summary

SecUR Credentials Limited, a background verification company, provides background screening, due diligence, and employment verification services in India.


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has SecUR Credentials's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SECURCRED's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-12.4%

SECURCRED

1.6%

IN Professional Services

1.2%

IN Market


1 Year Return

-75.7%

SECURCRED

-7.9%

IN Professional Services

4.3%

IN Market

Return vs Industry: SECURCRED underperformed the Indian Professional Services industry which returned -7.9% over the past year.

Return vs Market: SECURCRED underperformed the Indian Market which returned 4.3% over the past year.


Shareholder returns

SECURCREDIndustryMarket
7 Day-12.4%1.6%1.2%
30 Day-28.6%9.6%7.1%
90 Day-35.7%41.5%23.6%
1 Year-75.4%-75.7%-6.9%-7.9%6.3%4.3%
3 Yearn/a-42.1%-42.1%4.2%-0.7%
5 Yearn/a-44.6%-44.7%34.4%24.4%

Price Volatility Vs. Market

How volatile is SecUR Credentials's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is SecUR Credentials undervalued compared to its fair value and its price relative to the market?

1.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SECURCRED (₹14.85) is trading above our estimate of fair value (₹5.38)

Significantly Below Fair Value: SECURCRED is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SECURCRED is good value based on its PE Ratio (1.3x) compared to the IN Professional Services industry average (13.8x).

PE vs Market: SECURCRED is good value based on its PE Ratio (1.3x) compared to the Indian market (14.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SECURCRED's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SECURCRED is good value based on its PB Ratio (0.2x) compared to the IN Professional Services industry average (0.8x).


Next Steps

Future Growth

How is SecUR Credentials forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.1%

Forecasted Commercial Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as SecUR Credentials has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has SecUR Credentials performed over the past 5 years?

9.4%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: SECURCRED has a high level of non-cash earnings.

Growing Profit Margin: SECURCRED's current net profit margins (9.4%) are lower than last year (13.7%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if SECURCRED's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare SECURCRED's past year earnings growth to its 5-year average.

Earnings vs Industry: SECURCRED earnings growth over the past year (9.4%) exceeded the Professional Services industry -5.9%.


Return on Equity

High ROE: SECURCRED's Return on Equity (12.8%) is considered low.


Next Steps

Financial Health

How is SecUR Credentials's financial position?


Financial Position Analysis

Short Term Liabilities: SECURCRED's short term assets (₹473.0M) exceed its short term liabilities (₹315.7M).

Long Term Liabilities: SECURCRED's short term assets (₹473.0M) exceed its long term liabilities (₹130.7M).


Debt to Equity History and Analysis

Debt Level: SECURCRED's debt to equity ratio (60.9%) is considered high.

Reducing Debt: SECURCRED's debt to equity ratio has reduced from 174.7% to 60.9% over the past 5 years.

Debt Coverage: SECURCRED's debt is not well covered by operating cash flow (17.4%).

Interest Coverage: SECURCRED's interest payments on its debt are well covered by EBIT (7.2x coverage).


Balance Sheet


Next Steps

Dividend

What is SecUR Credentials's current dividend yield, its reliability and sustainability?

3.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SECURCRED's dividend (3.37%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: SECURCRED's dividend (3.37%) is in the top 25% of dividend payers in the Indian market (2.51%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether SECURCRED's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if SECURCRED's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (4.3%), SECURCRED's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Rahul Belwalkar (46 yo)

3yrs

Tenure

₹4,891,608

Compensation

Mr. Rahul Suresh Belwalkar has been Managing Director of SecUR Credentials Limited since August 4, 2017. Mr. Belwalkar is responsible for the strategic vision of making SecUR Credentials Limited a leading ...


CEO Compensation Analysis

Compensation vs Market: Rahul's total compensation ($USD65.39K) is above average for companies of similar size in the Indian market ($USD48.97K).

Compensation vs Earnings: Rahul's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Rahul Belwalkar
MD & Director3yrs₹4.89m4.2%
₹ 3.0m
Mayur Chheda
Chief Financial Officerno data₹2.00mno data
Suhel Inamdar
Chief Operating Officerno datano datano data
Maya Oak
Associate Vice President of Human Resource & Administration4yrsno datano data
Dipika Detha
Company Secretary & Compliance Officer1yrno datano data
Nipa Modi
Human Resource Business Vertical Head4yrs₹5.32mno data
Richard DeSouza
Chief Risk Officer4yrs₹3.23mno data

4.0yrs

Average Tenure

46yo

Average Age

Experienced Management: SECURCRED's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rahul Belwalkar
MD & Director3yrs₹4.89m4.2%
₹ 3.0m
Pankaj Vyas
Non-Executive Chairmanno data₹48.00k52.02%
₹ 37.8m
Amit Bharti
Independent Director3yrs₹54.00kno data
Mithun Kothari
Independent Director0.58yrno datano data

3.0yrs

Average Tenure

46yo

Average Age

Experienced Board: SECURCRED's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SecUR Credentials Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SecUR Credentials Limited
  • Ticker: SECURCRED
  • Exchange: NSEI
  • Founded: 2001
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: ₹72.593m
  • Shares outstanding: 4.89m
  • Website: https://www.secur.co.in

Number of Employees


Location

  • SecUR Credentials Limited
  • SecUR House
  • Near Marol Depot
  • Mumbai
  • Maharashtra
  • 400093
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SECURCREDNSEI (National Stock Exchange of India)YesEquity SharesININRNov 2017

Biography

SecUR Credentials Limited, a background verification company, provides background screening, due diligence, and employment verification services in India. The company offers SecUR Number, a candidate self- ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 19:16
End of Day Share Price2020/08/14 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.