Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹178 Cr.
Stock P/E
17.9
P/B
0.8
Current Price
₹74
Book Value
₹ 92.9
Face Value
10
52W High
₹164
52W Low
₹ 74
Dividend Yield
0%

Clear Secured Serv. Overview

Business

Clear Secured Services Ltd. (CSSL) operates in the Professional Services sector in India. Based on its name, the company is primarily involved in providing various security-related professional services. This likely includes services such as manned guarding, electronic surveillance system integration and monitoring, cash management and logistics, risk assessment and consulting, and potentially investigation services. Its core business model would involve offering specialized expertise and operational support to businesses, institutions, or individuals. CSSL makes money by charging clients fees for its services, typically structured through contracts, project-based fees, or retainer agreements, depending on the scope and nature of the security solution provided.

Revenue Mix

Specific revenue segments are not available. However, typical segments for a "Secured Services" company might include:

Manned Guarding: Deployment of security personnel for physical protection, access control, and patrolling.

Electronic Security Systems: Installation, maintenance, and monitoring of CCTV, access control, alarm systems, and other integrated security technologies.

Cash Management & Logistics: Secure transportation and handling of cash and other valuables.

Risk Consulting & Investigations: Advisory services on security protocols, threat assessments, and corporate investigations.

Without financial data, the contribution of each potential segment to overall revenue cannot be determined.

Industry

The professional services industry in India, particularly the security services segment, is characterized by high fragmentation, with numerous players ranging from large national conglomerates to small regional operators. It is a demand-driven industry, closely tied to economic activity, urbanization, and increasing security awareness. The industry is competitive, requiring strong client relationships, service reliability, and cost-effectiveness. Without specific data, CSSL's exact positioning is unknown, but it likely competes on service quality, reliability, specialized offerings (e.g., tech-enabled security solutions), and localized expertise against a mix of established national players and smaller, niche service providers.

MOAT

Assessing a durable competitive advantage (moat) for CSSL without specific details is challenging. Potential moats in the professional security services industry could include:

Reputation & Trust: A strong track record of reliability, integrity, and client satisfaction in a sensitive field like security can create significant trust-based switching costs.

Client Relationships: Long-term contracts and deep integration into client operations can create stickiness.

Specialized Expertise: Niche capabilities in specific security domains (e.g., cyber-physical security integration, critical infrastructure protection) can differentiate the company.

Scale & Network: A broad operational footprint and significant workforce can offer cost efficiencies or wider service coverage (though this is more common for larger players).

Technology Integration: Proprietary security technology or advanced analytics capabilities could provide an edge.

The extent to which CSSL possesses these advantages would depend on its operational history, service quality, and market penetration.

Growth Drivers

Key factors that can drive growth for CSSL over the next 3-5 years include:

Economic Growth & Urbanization: Increased business activity, infrastructure development, and expansion of commercial and residential spaces in India naturally drive demand for professional security services.

Outsourcing Trend: Companies increasingly prefer to outsource non-core functions like security to specialized providers to improve efficiency and reduce overheads.

Rising Security Concerns: Growing awareness of physical and cyber threats, regulatory compliance needs, and personal safety concerns fuels demand across sectors.

Technological Advancement: Adoption of advanced security technologies (e.g., AI-powered surveillance, IoT sensors, integrated security platforms) can create new service offerings and higher-value contracts.

Formalization of the Sector: Increased regulation and client preference for organized, compliant service providers can benefit established companies.

Risks

CSSL faces several business risks:

Intense Competition & Price Pressure: The fragmented nature of the industry can lead to aggressive pricing, impacting margins.

Labor & Personnel Management: High attrition rates, challenges in recruiting and training skilled security personnel, and rising labor costs can affect operational efficiency and profitability.

Client Concentration: Over-reliance on a few large clients can expose the company to significant revenue volatility if a contract is lost.

Regulatory & Compliance Risks: Changes in labor laws, security industry regulations, or licensing requirements can impose additional costs or operational restrictions.

Liability & Reputational Risk: Security breaches, service failures, or misconduct by personnel can lead to significant financial liabilities and severe damage to the company's reputation and client trust.

Technological Disruption: Rapid advancements in security technology could render existing systems or services obsolete if the company fails to adapt.

Management & Ownership

Specific details regarding the promoters, management quality, and ownership structure of Clear Secured Services Ltd. are not available. In the Indian context, companies, especially those not widely publicized, are often promoter-driven, meaning the vision, ethics, and leadership capabilities of the founding family or core promoters are crucial to the company's direction and success. Management quality would be critical for ensuring operational excellence, maintaining client relationships, and navigating industry challenges. Ownership is likely concentrated among the promoters and early investors.

Outlook

Clear Secured Services Ltd. operates in a growing and essential segment of the Indian professional services market, driven by robust economic expansion, increasing urbanization, and heightened security awareness. This provides a strong demand environment for its services. Success will largely depend on its ability to differentiate itself through reliable service quality, strong client relationships, operational efficiency, and effective integration of technology into its offerings. However, the company faces significant challenges from intense competition, potential price pressures, and the constant need to manage a large workforce and adapt to evolving security threats and technologies. Its long-term viability will be contingent on building a strong reputation, attracting and retaining skilled talent, and strategically expanding its service portfolio while effectively mitigating operational and reputational risks inherent in the security services industry.

Clear Secured Serv. Share Price

Live · NSE · Inception: 2008
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Clear Secured Serv. Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Clear Secured Serv. Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 309 348 476
Other Income 3 3 7
Total Income 312 351 483
Total Expenditure 294 325 445
Operating Profit 18 25 38
Interest 4 4 10
Depreciation 4 3 2
Exceptional Income / Expenses -0 0 -8
Profit Before Tax 10 18 17
Provision for Tax 3 6 7
Profit After Tax 7 12 10
Adjustments 0 -0 0
Profit After Adjustments 7 12 10
Adjusted Earnings Per Share 4.3 7.6 6.2

Clear Secured Serv. Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 75 87 97
Minority's Interest -0 -0 -0
Borrowings 13 14 13
Other Non-Current Liabilities 1 1 1
Total Current Liabilities 60 64 113
Total Liabilities 150 166 225
Fixed Assets 18 16 17
Other Non-Current Assets 15 19 36
Total Current Assets 117 131 172
Total Assets 150 166 225

Clear Secured Serv. Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 15 18 2
Cash Flow from Operating Activities -2 1 -22
Cash Flow from Investing Activities -14 -22 -11
Cash Flow from Financing Activities 19 5 37
Net Cash Inflow / Outflow 3 -16 3
Closing Cash & Cash Equivalent 18 2 5

Clear Secured Serv. Ratios

# Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.28 7.55 6.2
CEPS(Rs) 6.98 9.48 7.52
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 47.09 54.64 60.85
Core EBITDA Margin(%) 4.98 6.36 6.55
EBIT Margin(%) 4.39 6.37 5.71
Pre Tax Margin(%) 3.2 5.19 3.53
PAT Margin (%) 2.22 3.48 2.08
Cash Profit Margin (%) 3.61 4.36 2.53
ROA(%) 4.58 7.65 5.07
ROE(%) 9.1 14.85 10.74
ROCE(%) 11.35 17.06 16.16
Receivable days 63.55 53.77 49.88
Inventory Days 11.08 9.62 7.12
Payable days 20.94 11.56 2.55
PER(x) 0 0 0
Price/Book(x) 0 0 0
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 0.09 0.15 0.2
EV/Core EBITDA(x) 1.47 2.02 2.51
Net Sales Growth(%) 0 12.46 37.01
EBIT Growth(%) 0 63.18 22.9
PAT Growth(%) 0 76.31 -17.89
EPS Growth(%) 0 76.3 -17.89
Debt/Equity(x) 0.59 0.6 1.02
Current Ratio(x) 1.94 2.04 1.52
Quick Ratio(x) 1.79 1.9 1.43
Interest Cover(x) 3.68 5.4 2.61
Total Debt/Mcap(x) 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +37% — — —
Operating Profit CAGR +52% — — —
PAT CAGR -17% — — —
Share Price CAGR — — — —
ROE Average +11% +12% +12% +12%
ROCE Average +16% +15% +15% +15%

Clear Secured Serv. Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 73.03 %
FII 4.12 %
DII (MF + Insurance) 3.91 %
Public (retail) 18.94 %
# Mar 2026
Promoter 73.03
FII 4.12
DII 3.91
Public 18.94
Others 0
Total 100

Clear Secured Serv. Peer Comparison

Professional Services Edit Columns

Clear Secured Serv. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Clear Secured Serv. Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Debtor days have improved from 11.56 to 2.55days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
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