SecUR Credentials Limited
SecUR Credentials Limited, a background verification company, provides background screening and due diligence services in India. It offers EduCred platform that enables educational institutions to service requests for record verification; and managed services. The company also provides loan verification services; and IT services, such as software development support, product development, and proc… Read more
SecUR Credentials Limited (SECURCRED) - Net Assets
Latest net assets as of September 2023: ₹493.66 Million INR
Based on the latest financial reports, SecUR Credentials Limited (SECURCRED) has net assets worth ₹493.66 Million INR as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹925.66 Million) and total liabilities (₹432.00 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹493.66 Million |
| % of Total Assets | 53.33% |
| Annual Growth Rate | 58.09% |
| 5-Year Change | -2.75% |
| 10-Year Change | 20585.26% |
| Growth Volatility | 546.0 |
SecUR Credentials Limited - Net Assets Trend (2013–2024)
This chart illustrates how SecUR Credentials Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SecUR Credentials Limited (2013–2024)
The table below shows the annual net assets of SecUR Credentials Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | ₹426.53 Million | -5.44% |
| 2023-03-31 | ₹451.08 Million | +3.09% |
| 2022-03-31 | ₹437.57 Million | +4.92% |
| 2021-03-31 | ₹417.04 Million | -4.91% |
| 2020-03-31 | ₹438.59 Million | -0.76% |
| 2019-03-31 | ₹441.93 Million | +14.65% |
| 2018-03-31 | ₹385.47 Million | +1799.33% |
| 2017-03-31 | ₹20.30 Million | +811.32% |
| 2016-03-31 | ₹2.23 Million | +8.00% |
| 2015-03-31 | ₹2.06 Million | -30.76% |
| 2014-03-31 | ₹2.98 Million | +7.63% |
| 2013-03-31 | ₹2.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SecUR Credentials Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₹426.53 Million | 100.00% |
| Total Equity | ₹426.53 Million | 100.00% |
SecUR Credentials Limited Competitors by Market Cap
The table below lists competitors of SecUR Credentials Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Element Lifestyle Retirement Inc
V:ELM
|
$306.54K |
|
EXPERIAN (J2B.SG)
STU:J2B
|
$306.77K |
|
Klepierre
STU:KPR
|
$306.91K |
|
Freedom Care Group Holdings Ltd
AU:FCG
|
$307.06K |
|
Reo Plastics Inc
PINK:REOP
|
$306.37K |
|
Kansas City Life Insurance Company
OTCQX:KCLI
|
$306.29K |
|
Oakworth Capital Inc.
OTCQX:OAKC
|
$306.20K |
|
GOLDSTONE RES LTD. LS-01
F:GVL1
|
$306.10K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SecUR Credentials Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 451,079,000 to 426,530,000, a change of -24,549,000 (-5.4%).
- Net loss of 24,550,000 reduced equity.
- Other comprehensive income increased equity by 1,110,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹-24.55 Million | -5.76% |
| Other Comprehensive Income | ₹1.11 Million | +0.26% |
| Other Changes | ₹-1.11 Million | -0.26% |
| Total Change | ₹- | -5.44% |
Book Value vs Market Value Analysis
This analysis compares SecUR Credentials Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.15x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 23.15x to 0.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | ₹0.07 | ₹1.56 | x |
| 2014-03-31 | ₹0.07 | ₹1.56 | x |
| 2015-03-31 | ₹0.05 | ₹1.56 | x |
| 2016-03-31 | ₹0.05 | ₹1.56 | x |
| 2017-03-31 | ₹0.49 | ₹1.56 | x |
| 2018-03-31 | ₹11.79 | ₹1.56 | x |
| 2019-03-31 | ₹10.76 | ₹1.56 | x |
| 2020-03-31 | ₹10.68 | ₹1.56 | x |
| 2021-03-31 | ₹10.16 | ₹1.56 | x |
| 2022-03-31 | ₹10.66 | ₹1.56 | x |
| 2023-03-31 | ₹10.99 | ₹1.56 | x |
| 2024-03-31 | ₹10.39 | ₹1.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SecUR Credentials Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.73%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.85x
- Recent ROE (-5.76%) is below the historical average (7.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -9.65% | -1.94% | 1.70x | 2.92x | ₹-543.70K |
| 2014 | 7.09% | 3.05% | 0.78x | 2.96x | ₹-86.80K |
| 2015 | -41.71% | 0.00% | 0.00x | 4.62x | ₹-1.07 Million |
| 2016 | 7.41% | 0.37% | 5.67x | 3.49x | ₹-57.70K |
| 2017 | 89.03% | 18.45% | 1.16x | 4.14x | ₹16.04 Million |
| 2018 | 13.40% | 14.12% | 0.76x | 1.25x | ₹13.09 Million |
| 2019 | 12.78% | 9.40% | 0.68x | 2.01x | ₹12.27 Million |
| 2020 | 0.82% | 0.65% | 0.59x | 2.11x | ₹-40.27 Million |
| 2021 | -5.18% | -5.07% | 0.51x | 2.02x | ₹-63.30 Million |
| 2022 | 3.70% | 3.16% | 0.52x | 2.25x | ₹-27.54 Million |
| 2023 | 17.26% | 16.83% | 0.50x | 2.06x | ₹32.75 Million |
| 2024 | -5.76% | -8.73% | 0.36x | 1.85x | ₹-67.20 Million |
Industry Comparison
This section compares SecUR Credentials Limited's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $10,421,942,644
- Average return on equity (ROE) among peers: 17.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SecUR Credentials Limited (SECURCRED) | ₹493.66 Million | -9.65% | 0.88x | $306.45K |
| Alldigi Tech Limited (ALLDIGI) | $2.30 Billion | 21.27% | 0.45x | $25.87 Million |
| Apollo Sindoori Hotels Limited (APOLSINHOT) | $218.35 Million | 4.44% | 1.45x | $9.58 Million |
| BLS International Services Limited (BLS) | $1.65 Billion | 30.41% | 0.80x | $324.59 Million |
| BLS E-Services Limited (BLSE) | $1.11 Billion | 16.94% | 0.61x | $35.36 Million |
| CMS Info Systems Limited (CMSINFO) | $8.50 Billion | 15.84% | 0.57x | $509.57 Million |
| DJ Mediaprint & Logistics Limited (DJML) | $20.52 Million | 31.58% | 4.28x | $9.78 Million |
| GKW Limited (GKWLIMITED) | $867.91 Million | 14.13% | 0.15x | $108.56 Million |
| Hinduja Global Solutions Limited (HGS) | $87.02 Billion | 3.82% | 0.31x | $43.83 Million |
| Kapston Services Limited (KAPSTON) | $888.78 Million | 20.07% | 2.36x | $13.24 Million |
| Krystal Integrated Services Ltd (KRYSTAL) | $1.64 Billion | 16.04% | 1.47x | $24.93 Million |