Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹7 Cr.
Stock P/E
-2.7
P/B
—
Current Price
₹1.6
Book Value
₹ 0
Face Value
10
52W High
—
52W Low
—
Dividend Yield
0%

SecUR Credentials Overview

Business

SecUR Credentials Ltd. is an Indian BPO/ITeS company primarily engaged in providing background verification and due diligence services. Their core business model involves assisting clients across various sectors (corporate, financial institutions, real estate, etc.) in verifying the authenticity of individuals and entities. This includes employment background checks (education, previous employment, references, criminal records), tenant verification, vendor due diligence, and other compliance-related checks. The company makes money by charging fees for each verification check or through retainer agreements for ongoing services, leveraging technology and a network of field agents to gather and verify information.

Revenue Mix

While specific revenue breakdowns are not publicly detailed, the company's primary services constitute its core segment:

Employment Background Verification: Checks for new hires, including education, employment history, address, criminal records, and identity.

Tenant Verification: Background checks for prospective tenants for real estate owners/agencies.

Vendor Due Diligence: Verifying the credentials and integrity of third-party vendors and suppliers for businesses.

Other Verification Services: May include services like digital identity verification, document verification, and specialized due diligence for financial transactions.

Given the company's name and stated focus, the vast majority of its revenue is derived from these verification and due diligence services.

Industry

SecUR Credentials operates within the niche of background verification and due diligence services, a sub-segment of the broader Indian BPO/ITeS industry. This industry is characterized by increasing demand driven by corporate governance, regulatory compliance, and risk mitigation needs. The market is competitive, with a mix of large, diversified BPO players offering verification services, specialized verification firms, and in-house capabilities by large corporations. SecUR Credentials positions itself as a specialized and reliable provider, focusing on accuracy, turnaround time, and leveraging technology for efficient verification processes. It competes with both established national players and smaller regional firms.

MOAT

SecUR Credentials possesses several potential competitive advantages:

Data & Network: Extensive proprietary databases of verified information and a wide network of field agents and verification sources can provide an edge in terms of speed and accuracy.

Trust & Accuracy: In a business built on trust, a consistent track record of accuracy and reliability can create client stickiness.

Technology & Process: Investment in technology platforms for streamlined data collection, analysis, and reporting can enhance efficiency and scalability.

Client Relationships: Long-term contracts and deep integration with client HR or compliance systems can lead to switching costs.

Compliance Expertise: Specialized knowledge of regulatory requirements and best practices for verification in India.

Growth Drivers

Increased Corporate Governance & Compliance: Growing emphasis on regulatory compliance and risk management across industries drives demand for robust background checks.

Formalization of Economy: Expansion of the formal job market and organized sectors in India leads to more employment background checks.

Gig Economy & Contractual Workforce: Rise of the gig economy necessitates quick and reliable verification for freelancers, contractors, and temporary staff.

Digital Transformation: Adoption of digital identity verification and online screening solutions expands market reach and efficiency.

Outsourcing Trend: Companies increasingly outsource non-core functions like background verification to specialized providers.

Fraud Prevention: Rising concern over fraud and misrepresentation drives demand for pre-emptive verification services.

Risks

Data Privacy & Regulation: Strict data protection laws (like India's DPDP Act) can impose significant compliance burdens, increase costs, and carry reputational risks if breaches occur.

Competition & Pricing Pressure: The market is competitive, potentially leading to pricing pressures and impacting margins.

Accuracy & Liability: Errors in verification reports can lead to legal liabilities and severe reputational damage.

Technology & Automation: Rapid advancements in AI and automation could disrupt traditional verification methods, requiring continuous investment in technology.

Economic Downturn: A slowdown in economic activity or reduced hiring can directly impact demand for employment background verification services.

Client Concentration: Potential over-reliance on a few large clients could pose a risk if those relationships sour or their business declines.

Management & Ownership

SecUR Credentials Ltd. is typically promoter-driven, which is common among mid-sized Indian companies. The promoters often hold a significant stake, demonstrating commitment to the business. Management quality is generally focused on operational efficiency, technological adoption, and maintaining client relationships. As a publicly listed company (SECURCRED), it is subject to regulatory oversight from SEBI and exchanges, and its ownership structure would include the promoter group, institutional investors, and public shareholders. Detailed management backgrounds and promoter holdings would require specific financial report analysis.

Outlook

The outlook for SecUR Credentials Ltd. appears positive, supported by structural tailwinds such as increasing corporate governance needs, the formalization of the Indian economy, and a growing demand for reliable risk mitigation tools. The company's specialization in verification services positions it well to capitalize on these trends. However, the business operates in a highly competitive landscape and faces inherent risks related to data privacy, regulatory changes, and the need for continuous technological adaptation. Maintaining accuracy, investing in robust data security, and expanding its service offerings will be crucial for sustainable growth. While the market opportunity is significant, execution risks and competitive intensity mean that future performance will depend on the company's ability to differentiate itself and navigate a dynamic regulatory and technological environment effectively.

SecUR Credentials Share Price

Live · BSE / NSE · Inception: 2001
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

SecUR Credentials Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Jun 2022 Sep 2022 Dec 2022
Net Sales 8 10 11 12 11 12
Other Income 0 0 0 0 1 0
Total Income 8 10 11 12 12 12
Total Expenditure 6 8 9 9 7 6
Operating Profit 2 2 2 3 5 7
Interest 1 1 0 1 1 1
Depreciation 0 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 1 0 1 2 4 5
Provision for Tax 0 -0 0 0 1 1
Profit After Tax 0 1 0 2 3 4
Adjustments 0 0 -0 0 0 0
Profit After Adjustments 0 1 0 2 3 4
Adjusted Earnings Per Share 0.1 0.2 0.1 0.4 0.7 0.9

SecUR Credentials Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 TTM
Net Sales 48 51 46
Other Income 1 0 1
Total Income 49 52 47
Total Expenditure 40 44 31
Operating Profit 9 8 17
Interest 4 2 3
Depreciation 3 2 4
Exceptional Income / Expenses -4 0 0
Profit Before Tax -2 3 12
Provision for Tax 0 1 2
Profit After Tax -2 2 9
Adjustments 0 0 0
Profit After Adjustments -2 2 9
Adjusted Earnings Per Share -0.5 0.5 2.1

SecUR Credentials Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022
Shareholder's Funds 42 44
Minority's Interest 0 0
Borrowings 2 8
Other Non-Current Liabilities -3 -2
Total Current Liabilities 40 46
Total Liabilities 82 96
Fixed Assets 12 13
Other Non-Current Assets 7 9
Total Current Assets 62 74
Total Assets 82 96

SecUR Credentials Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022
Opening Cash & Cash Equivalents 6 1
Cash Flow from Operating Activities -4 5
Cash Flow from Investing Activities 12 -4
Cash Flow from Financing Activities -13 -1
Net Cash Inflow / Outflow -5 -0
Closing Cash & Cash Equivalent 1 1

SecUR Credentials Ratios

# Mar 2021 Mar 2022
Earnings Per Share (Rs) -0.53 0.5
CEPS(Rs) 0.18 0.99
DPS(Rs) 0 0.03
Book NAV/Share(Rs) 10.1 10.66
Core EBITDA Margin(%) 16.2 14.29
EBIT Margin(%) 4.76 11.12
Pre Tax Margin(%) -4 6.66
PAT Margin (%) -4.49 4
Cash Profit Margin (%) 1.58 7.96
ROA(%) -2.65 2.32
ROE(%) -5.21 4.82
ROCE(%) 3.87 9.41
Receivable days 306.69 290.36
Inventory Days 71.9 74.75
Payable days 0 0
PER(x) 0 28.38
Price/Book(x) 0.16 1.33
Dividend Yield(%) 0 0.21
EV/Net Sales(x) 0.44 1.44
EV/Core EBITDA(x) 2.31 9.56
Net Sales Growth(%) 0 6.73
EBIT Growth(%) 0 149.4
PAT Growth(%) 0 195.05
EPS Growth(%) 0 195.15
Debt/Equity(x) 0.43 0.42
Current Ratio(x) 1.55 1.61
Quick Ratio(x) 1.32 1.36
Interest Cover(x) 0.54 2.49
Total Debt/Mcap(x) 2.73 0.32

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +6% — — —
Operating Profit CAGR -11% — — —
PAT CAGR — — — —
Share Price CAGR 0% -57% -11% —
ROE Average +5% 0% 0% 0%
ROCE Average +9% +7% +7% +7%

SecUR Credentials Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 0 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 100 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 0000000000
FII 0000000000
DII 0000000000
Public 100100100100100100100100100100
Others 0000000000
Total 100100100100100100100100100100

SecUR Credentials Peer Comparison

SecUR Credentials Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

SecUR Credentials Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 0%.
  • Company has a low return on equity of -0% over the last 3 years.
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