---
title: "SecUR Credentials Ltd (SECURCRED) — Share Price, Financials & Analysis"
symbol: "SECURCRED"
company: "SecUR Credentials Ltd"
canonical: "https://tapetide.com/stocks/SECURCRED"
isin: "INE195Y01010"
nse_symbol: "SECURCRED"
bse_code: "543625"
sector: "Services"
industry: "Commercial Services & Supplies"
generated_at: "2026-09-13T20:13:20.797Z"
---

# SecUR Credentials Ltd (SECURCRED)

Canonical page: https://tapetide.com/stocks/SECURCRED

## Company

- **NSE Symbol:** SECURCRED
- **BSE Code:** 543625
- **ISIN:** INE195Y01010
- **Sector:** Services
- **Industry:** Commercial Services & Supplies
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **CEO:** Mr. Ashish Ramesh Mahendrakar B.Com, D.B.M., M.M.S.
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** secur.co.in

## About

Incorporated in 2001, SecUR Credentials Ltd is in the business of employee background screening and Human Resource solutions providers[1]

## Latest Price

- **Price:** ₹1.56
- **Change:** 0 (0%)
- **Open:** ₹1.55
- **Day High:** ₹1.69
- **Day Low:** ₹1.52
- **Previous Close:** ₹1.56
- **Volume:** 0
- **As Of:** 2025-04-15T10:10:23+00:00

## Key Fundamentals

Observed at 2026-09-11T04:30:18.683414Z.

- **P/E (reported):** 0
- **Book Value:** ₹0
- **Price to Book:** 0
- **Dividend Yield:** 16.03%
- **ROE:** 0%
- **ROCE:** 0%
- **Debt to Equity:** 0.52

## Key Insights

### Strengths

- Stock is trading at 0.19 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -60.2% over past five years.
- Company has a low return on equity of -2.19% over last 3 years.
- Company has high debtors of 18,230 days.
- Working capital days have increased from 5,771 days to 16,684 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -227% | — | — |
| revenue growth | -98% | -78% | -60% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 12.37 | 11.42 | 12 | 14.19 | 10.01 | 7.01 | 7.04 | 4.07 | 0.05 | 0.79 | -0.87 | 0.59 |
| Expenses | 8.98 | 6.94 | 5.55 | 12.86 | 7.18 | 5.42 | 5.7 | 16.79 | 2.65 | 1.45 | 0.2 | 0.68 |
| Operating Profit | 3.39 | 4.48 | 6.45 | 1.33 | 2.83 | 1.59 | 1.34 | -12.72 | -2.6 | -0.66 | -1.07 | -0.09 |
| OPM % | 27.41 | 39.23 | 53.75 | 9.37 | 28.27 | 22.68 | 19.03 | -312.53 | -5200 | -83.54 | — | -15.25 |
| Other Income | 0.04 | 0.74 | 0.08 | 0.49 | 0.13 | 0.41 | 0.84 | 4.36 | 0.01 | 0.19 | 0.02 | 0.05 |
| Interest | 0.73 | 0.62 | 0.59 | 0.94 | 0.55 | 0.67 | 0.61 | 0.49 | 0.54 | 0.39 | 0.52 | 0.11 |
| Depreciation | 0.83 | 0.94 | 0.95 | 0.87 | 0.88 | 0.89 | 0.83 | 0.69 | 0.7 | 0.47 | 0.59 | 0.58 |
| Profit before tax | 1.87 | 3.66 | 4.99 | 0.01 | 1.53 | 0.44 | 0.74 | -9.54 | -3.83 | -1.33 | -2.16 | -0.73 |
| Tax % | 59.89 | 16.67 | 26.25 | -1200 | 34.64 | -638.64 | 44.59 | -25.26 | 0 | 0 | 0 | 0 |
| Net Profit | 0.76 | 3.06 | 3.68 | 0.14 | 1.01 | 3.25 | 0.41 | -7.13 | -3.83 | -1.33 | -2.16 | -0.73 |
| EPS in Rs | 0.18 | 0.74 | 0.9 | 0.03 | 0.25 | 0.79 | 0.1 | -1.74 | -0.93 | -0.32 | -0.53 | -0.18 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 4.41 | 9.8 | 37.64 | 60.04 | 54.74 | 42.6 | 51.33 | 46.25 | 28.13 | 0.55 |
| Expenses | 4.34 | 7.07 | 29.66 | 48.27 | 46.99 | 34.81 | 43.51 | 30.57 | 35.1 | 4.95 |
| Operating Profit | 0.07 | 2.73 | 7.98 | 11.77 | 7.75 | 7.79 | 7.82 | 15.68 | -6.97 | -4.4 |
| OPM % | 1.59 | 27.86 | 21.2 | 19.6 | 14.16 | 18.29 | 15.23 | 33.9 | -24.78 | -800 |
| Other Income | 0 | 0 | 0.16 | 0.29 | 0.23 | -2.59 | 0.44 | 1.34 | 5.74 | 0.26 |
| Interest | 0 | 0.13 | 0.34 | 1.97 | 3.89 | 4.21 | 2.76 | 2.89 | 2.32 | 1.56 |
| Depreciation | 0 | 0.04 | 0.61 | 2.04 | 3.06 | 2.92 | 2.8 | 3.58 | 3.28 | 2.34 |
| Profit before tax | 0.07 | 2.56 | 7.19 | 8.05 | 1.03 | -1.93 | 2.7 | 10.55 | -6.83 | -8.04 |
| Tax % | 71.43 | 32.81 | 28.23 | 29.81 | 66.02 | 12.44 | 39.63 | 26.26 | -64.13 | 0 |
| Net Profit | 0.02 | 1.71 | 5.16 | 5.65 | 0.36 | -2.16 | 1.62 | 7.79 | -2.46 | -8.04 |
| EPS in Rs | — | — | 1.25 | 1.37 | 0.09 | -0.52 | 0.39 | 1.9 | -0.6 | -1.96 |
| Dividend Payout % | 0 | 0 | 0 | 4.33 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 4.89 | 4.89 | 4.89 | 4.89 | 4.89 | 41.06 | 41.06 | 41.06 |
| Reserves | 0.21 | 2.02 | 33.66 | 39.3 | 38.97 | 36.81 | 32.69 | 4.05 | 1.59 | -6.45 |
| Borrowings | 0.16 | 0 | 3.97 | 26.93 | 26.69 | 17.64 | 22.97 | 21.29 | 17.53 | 18.03 |
| Other Liabilities | 0.4 | 6.38 | 5.77 | 17.71 | 21.82 | 24.79 | 36.9 | 26.44 | 18.93 | 13.27 |
| Total Liabilities | 0.78 | 8.41 | 48.29 | 88.83 | 92.37 | 84.13 | 97.45 | 92.84 | 79.11 | 65.91 |
| Fixed Assets | 0 | 0.31 | 12.74 | 33.67 | 30.88 | 12.32 | 16.82 | 15.31 | 10.06 | 6.51 |
| CWIP | 0 | 4.54 | 5.27 | 0.06 | 0.08 | 0 | 1.99 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 |
| Other Assets | 0.78 | 3.56 | 30.28 | 55.1 | 61.41 | 71.78 | 78.62 | 77.51 | 69.03 | 59.38 |
| Total Assets | 0.78 | 8.41 | 48.29 | 88.83 | 92.37 | 84.13 | 97.45 | 92.84 | 79.11 | 65.91 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 5.52 | -14.17 | 4.68 | 4.28 | -3.8 | 2.14 | 8.83 | 4.57 | 0.82 |
| Cash from Investing Activity | — | -4.89 | -15.22 | -17.85 | -0.38 | 11.63 | -5.65 | -0.08 | 0.11 | 1.21 |
| Cash from Financing Activity | — | -0.29 | 33.55 | 15.01 | -3.93 | -13.03 | 3.39 | -8.85 | -4.56 | -2.7 |
| Net Cash Flow | — | 0.35 | 4.16 | 1.83 | -0.03 | -5.19 | -0.12 | -0.1 | 0.12 | -0.67 |
| Free Cash Flow | — | 0.63 | -27.95 | -13.08 | 4 | 7.95 | -3.51 | 8.75 | 4.68 | 2.03 |
| CFO/OP | — | 218 | -156 | 56 | 79 | -45 | 27 | 74 | -105 | -19 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 75.61 | 148.46 | 142.07 | 164.1 | 346.32 | 278.03 | 299.02 | 431.05 | 18230.09 |
| Cash Conversion Cycle | 0 | 75.61 | 148.46 | 142.07 | 164.1 | 346.32 | 278.03 | 299.02 | 431.05 | 18230.09 |
| Working Capital Days | 29.8 | -118.07 | 133.82 | 47.72 | 39.61 | 166.13 | 159.64 | 242.83 | 385.11 | 16683.82 |
| ROCE % | 11.67 | 223.24 | 33.8 | 17.63 | 6.95 | 9.64 | 9.11 | 21.17 | -7.13 | -11.49 |

## Shareholding Pattern

### annual

| Category | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 61.59% | 61.59% | 61.59% | 61.59% | 5.09% | 0% | 0% | 0% | 0% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0.23% | 0% | 0% | 0% |
| Public | 38.4% | 38.41% | 38.41% | 38.4% | 94.91% | 99.76% | 100% | 100% | 100.01% |
| No. of Shareholders | 881 | 835 | 738 | 724 | 761 | 5995 | 9626 | 13977 | 13947 |

### Quarterly

| Category | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Public | 99.99% | 100% | 99.99% | 100% | 100% | 100.01% | 100% | 100% | 100% | 100.01% | 100.01% | 100.01% |
| No. of Shareholders | 6233 | 6750 | 8501 | 9626 | 10063 | 12885 | 13870 | 13977 | 13947 | 13947 | 13947 | 13947 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 5 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 47.37 | Sell |
| EMA (10) | 47.24 | Sell |
| SMA (20) | 48.02 | Sell |
| EMA (20) | 47.81 | Sell |
| SMA (50) | 48.42 | Sell |
| EMA (50) | 49.14 | Sell |
| SMA (100) | 52.45 | Sell |
| EMA (100) | 48.97 | Sell |
| SMA (200) | 43.46 | Buy |
| EMA (200) | 42.71 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.07 | Neutral |
| MACD (12,26,9) | -0.72 | Sell |
| Stochastic (14,3,3) | 9.56 | Buy |
| ADX (14) | 12.81 | Neutral |
| Williams %R (14) | -93.02 | Buy |
| ATR (14) | 1.14 | Neutral |
| ROC (12) | -5.1 | Sell |
| Stoch RSI (14) | 26.19 | Neutral |
| UO (7,14,28) | 44.98 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-04 | [Board Meeting Outcome for Outcome Of Meeting Of Board Of Directors Held Today I.E. 04Th September 2026 Pursuant To The Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 .](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca429d38-47d4-4e41-9e77-78de49b22f17.pdf) |
| 2026-09-03 | [Resignation Of Chief Financial Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c1ee3468-775e-436b-9381-b423d3936722.pdf) |
| 2026-08-05 | [Board Meeting Outcome for Outcome Of Meeting Of Board Of Directors Held Today I.E. 05Th August 2026 Pursuant To The Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4cf4f363-5600-4996-b38a-627da3239b36.pdf) |
| 2026-08-05 | [Audited Financial Results For The Fourth Quarter And Financial Year Ended On 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=286d5145-965a-4a2a-8067-68978d3fae53.pdf) |
| 2026-08-04 | [Financial Results For Quarter And Half Year Ended 30Th Septmeber 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c3956cf-4fbd-46be-841d-d555a17410fc.pdf) |
| 2026-08-04 | [Financial Results For Quarter Ended 31St Decemer 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=37429bce-27cd-47c2-8b61-a6284a75e1b0.pdf) |
| 2026-08-01 | [Appointment of Company Secretary and Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b5037e8d-f336-4d6a-939a-d12cbe90954d.pdf) |
| 2026-08-01 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0ddf76a0-1332-48d9-8927-86995c3489fb.pdf) |
| 2026-08-01 | [Board Meeting Outcome for Outcome Of Meeting Of Board Of Directors Held Today I.E. 01St August 2026 Pursuant To The Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5108b812-2ff9-46ff-8cb9-55b289322905.pdf) |
| 2026-07-31 | [Board Meeting Intimation for Intimation Of The Board Meeting Pursuant To The Regulation 29 Of SEBI (Listing Obligation & Disclosure Requirements) Regulation 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=df4ab729-8e76-4de8-a6c3-3a5b3b722299.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8h - Registrar confirms zero physical share certificates received for dematerialisation for quarter ended 30 Sep 2024. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8h - Registrar confirms zero physical share certificates received for dematerialisation for quarter ended 30 Sep 2024.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e1497c60-d85c-439a-979a-820e0292a64d.pdf) |
| 8h - Disclosure under Regulation 74(5) of SEBI (DP) Regulations, 2018 of the quarter ended March 2025 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8h - Disclosure under Regulation 74(5) of SEBI (DP) Regulations, 2018 of the quarter ended March 2025](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d7177945-f4af-42fd-acfc-f6b5927476a9.pdf) |
| 8h - Disclosure under Regulation 74(5) of SEBI (DP) Regulations, 2018 for quarter ended December 2024 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8h - Disclosure under Regulation 74(5) of SEBI (DP) Regulations, 2018 for quarter ended December 2024](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e7272164-bb4d-446c-b76f-2c0d197f7ee6.pdf) |
| 8h - Certificate under Regulation 74(5) confirming no physical shares received for dematerialisation, quarter ended June 30, 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8h - Certificate under Regulation 74(5) confirming no physical shares received for dematerialisation, quarter ended June 30, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f839ecaa-74f3-4ecd-8783-6a48336dcd82.pdf) |
| 8h - Annual secretarial compliance report for FY2024-25; SEBI interim order (13 June 2024) restrained director; multiple LODR non-compliances. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 8h - Annual secretarial compliance report for FY2024-25; SEBI interim order (13 June 2024) restrained director; multiple LODR non-compliances.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c59ca8f6-4385-46b0-b086-082f3bbd9825.pdf) |
| 6 Mar - Audit firm renamed from VMBA And Associates to JPMD & Associates; statutory auditor tenure unchanged. | [Disclosure Regarding Change In Name Of Statutory Auditors Of The Company 6 Mar - Audit firm renamed from VMBA And Associates to JPMD & Associates; statutory auditor tenure unchanged.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9f89d58b-75f8-4c8c-a487-60bb703c565d.pdf) |
| 5 May - Q3 FY25 standalone loss of ₹215.97 lakh; auditors flagged inventory, GST, gratuity and Section 185 issues. | [Financial Results For The Quarter Ended December 31, 2024 5 May - Q3 FY25 standalone loss of ₹215.97 lakh; auditors flagged inventory, GST, gratuity and Section 185 issues.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/fd989b54-64d8-45ce-aaf1-9c22381a8ec9.pdf) |
| 5 Feb - Board meeting on Feb 4, 2026 cancelled; quarter ended June 30, 2024 results not ready. | [Board Meeting Intimation for Intimation Of Cancellation Of Meeting Of Board To Be Held On February 4, 2026. 5 Feb - Board meeting on Feb 4, 2026 cancelled; quarter ended June 30, 2024 results not ready.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93392261-9a69-4c34-9750-ba02240eba08.pdf) |
| 4 May - Board approved unaudited standalone results for Sep 30, 2024 and Dec 31, 2024; FY25 audited results deferred. | [Board Meeting Outcome for Outcome Of Board Meeting Held On May 04, 2026 4 May - Board approved unaudited standalone results for Sep 30, 2024 and Dec 31, 2024; FY25 audited results deferred.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b124aa0c-57f0-461b-9cf3-1368e3da4be1.pdf) |
| 4 May - Board approved unaudited standalone results for Sep 30, 2024 and Dec 31, 2024; FY25 audited results deferred. | [Board Meeting Outcome for Outcome Of Board Meeting Held On May 04, 2026 4 May - Board approved unaudited standalone results for Sep 30, 2024 and Dec 31, 2024; FY25 audited results deferred.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b124aa0c-57f0-461b-9cf3-1368e3da4be1.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=42f2805d-5d5c-46c7-84f9-6fb764d6e594.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/42f2805d-5d5c-46c7-84f9-6fb764d6e594.pdf) |
| Feb 2023 | [Concall - Feb 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2fd50688-75f8-45e0-875c-fe4cb700f53d.pdf) |
| Feb 2023 | [Concall - Feb 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2fd50688-75f8-45e0-875c-fe4cb700f53d.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_20909_SECURCRED_2021_2022_27082022171638_08272022180008.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19852_SECURCRED_2020_2021_03122021182133_12032021190002.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17880_SECURCRED_2019_2020_01122020201442_01122020210009.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_15957_SECURCRED_2018_2019_07092019193500_07092019200008.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_13649_SECURCRED_2017_2018_27092018142829.zip) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8e78b98e-d2ae-44f5-90e4-54e848ea1203.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:13:20.797Z.