SecUR Credentials Limited (SECURCRED) - Net Assets
Based on the latest financial reports, SecUR Credentials Limited (SECURCRED) has net assets worth Rs493.66 Million INR (≈ $5.34 Million USD) as of September 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs925.66 Million ≈ $10.01 Million USD) and total liabilities (Rs432.00 Million ≈ $4.67 Million USD). 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. Check SECURCRED asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs493.66 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. Also explore SecUR Credentials Limited total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see SECURCRED company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | Rs426.53 Million ≈ $4.61 Million |
-5.44% |
| 2023-03-31 | Rs451.08 Million ≈ $4.88 Million |
+3.09% |
| 2022-03-31 | Rs437.57 Million ≈ $4.73 Million |
+4.92% |
| 2021-03-31 | Rs417.04 Million ≈ $4.51 Million |
-4.91% |
| 2020-03-31 | Rs438.59 Million ≈ $4.74 Million |
-0.76% |
| 2019-03-31 | Rs441.93 Million ≈ $4.78 Million |
+14.65% |
| 2018-03-31 | Rs385.47 Million ≈ $4.17 Million |
+1799.33% |
| 2017-03-31 | Rs20.30 Million ≈ $219.48K |
+811.32% |
| 2016-03-31 | Rs2.23 Million ≈ $24.08K |
+8.00% |
| 2015-03-31 | Rs2.06 Million ≈ $22.30K |
-30.76% |
| 2014-03-31 | Rs2.98 Million ≈ $32.21K |
+7.63% |
| 2013-03-31 | Rs2.77 Million ≈ $29.92K |
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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 | Rs426.53 Million | 100.00% |
| Total Equity | Rs426.53 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 |
|---|---|
|
Premier Miton Group plc
LSE:PMI
|
$695.03K |
|
Mullen Automotive Inc.
NASDAQ:MULN
|
$695.57K |
|
Made Tech Group PLC
LSE:MTEC
|
$699.31K |
|
Alternative Income REIT PLC
LSE:AIRE
|
$700.31K |
|
Baumart Holdings Ltd
AU:BMH
|
$691.89K |
|
Leju Holdings Limited
NYSE:LEJUY
|
$689.20K |
|
Carespan Health Inc
V:CSPN
|
$688.89K |
|
Longevity Health Holdings, Inc.
NASDAQ:XAGE
|
$688.14K |
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 | Rs-24.55 Million | -5.76% |
| Other Comprehensive Income | Rs1.11 Million | +0.26% |
| Other Changes | Rs-1.11 Million | -0.26% |
| Total Change | Rs- | -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 | Rs0.07 | Rs1.56 | x |
| 2014-03-31 | Rs0.07 | Rs1.56 | x |
| 2015-03-31 | Rs0.05 | Rs1.56 | x |
| 2016-03-31 | Rs0.05 | Rs1.56 | x |
| 2017-03-31 | Rs0.49 | Rs1.56 | x |
| 2018-03-31 | Rs11.79 | Rs1.56 | x |
| 2019-03-31 | Rs10.76 | Rs1.56 | x |
| 2020-03-31 | Rs10.68 | Rs1.56 | x |
| 2021-03-31 | Rs10.16 | Rs1.56 | x |
| 2022-03-31 | Rs10.66 | Rs1.56 | x |
| 2023-03-31 | Rs10.99 | Rs1.56 | x |
| 2024-03-31 | Rs10.39 | Rs1.56 | 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 | Rs-543.70K |
| 2014 | 7.09% | 3.05% | 0.78x | 2.96x | Rs-86.80K |
| 2015 | -41.71% | 0.00% | 0.00x | 4.62x | Rs-1.07 Million |
| 2016 | 7.41% | 0.37% | 5.67x | 3.49x | Rs-57.70K |
| 2017 | 89.03% | 18.45% | 1.16x | 4.14x | Rs16.04 Million |
| 2018 | 13.40% | 14.12% | 0.76x | 1.25x | Rs13.09 Million |
| 2019 | 12.78% | 9.40% | 0.68x | 2.01x | Rs12.27 Million |
| 2020 | 0.82% | 0.65% | 0.59x | 2.11x | Rs-40.27 Million |
| 2021 | -5.18% | -5.07% | 0.51x | 2.02x | Rs-63.30 Million |
| 2022 | 3.70% | 3.16% | 0.52x | 2.25x | Rs-27.54 Million |
| 2023 | 17.26% | 16.83% | 0.50x | 2.06x | Rs32.75 Million |
| 2024 | -5.76% | -8.73% | 0.36x | 1.85x | Rs-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: $5,425,501,500
- Average return on equity (ROE) among peers: 17.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SecUR Credentials Limited (SECURCRED) | Rs493.66 Million | -9.65% | 0.88x | $692.76K |
| Alldigi Tech Limited (ALLDIGI) | $2.65 Billion | 13.25% | 0.20x | $137.26 Million |
| Apollo Sindoori Hotels Limited (APOLSINHOT) | $1.35 Billion | 8.19% | 1.34x | $32.60 Million |
| BLS International Services Limited (BLS) | $4.60 Billion | 10.90% | 0.08x | $1.24 Billion |
| BLS E-Services Limited (BLSE) | $150.67 Million | 35.70% | 2.71x | $193.70 Million |
| CMS Info Systems Limited (CMSINFO) | $7.46 Billion | 12.89% | 0.46x | $516.45 Million |
| DJ Mediaprint & Logistics Limited (DJML) | $690.86 Million | 9.73% | 0.65x | $34.33 Million |
| GKW Limited (GKWLIMITED) | $25.70 Billion | -0.72% | 0.24x | $106.54 Million |
| Hinduja Global Solutions Limited (HGS) | $9.99 Billion | 10.74% | 0.36x | $205.87 Million |
| Kapston Services Limited (KAPSTON) | $26.94 Million | 53.93% | 3.19x | $113.07 Million |
| Krystal Integrated Services Ltd (KRYSTAL) | $1.64 Billion | 16.04% | 1.47x | $91.60 Million |
About SecUR Credentials Limited
SecUR Credentials Limited, a background verification company, provides background screening and verification services in India. It offers employee background verification, vendor and supplier verification, KYC verification, loan verification for banks, and due diligence and risk screening services. SecUR Credentials Limited was incorporated in 2001 and is based in Mumbai, India.