Globesecure Technologies Ltd
Incorporated in 2016, Globesecure Technologies Limited is in the business of IT Security products and related services[1]
- Market Cap ₹ 70.3 Cr.
- Current Price ₹ 44.1
- High / Low ₹ 126 / 34.8
- Stock P/E 69.6
- Book Value ₹ 13.3
- Dividend Yield 0.00 %
- ROCE 9.11 %
- ROE 5.01 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 99.0 to 41.9 days.
Cons
- Stock is trading at 3.31 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 35.8%
- Company has a low return on equity of 8.38% over last 3 years.
- Promoters have pledged 44.5% of their holding.
- Earnings include an other income of Rs.1.13 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 9.92 | 19.18 | 18.88 | 26.37 | 25.83 | 23.89 | |
| 8.87 | 18.02 | 17.06 | 23.98 | 22.43 | 21.47 | |
| Operating Profit | 1.05 | 1.16 | 1.82 | 2.39 | 3.40 | 2.42 |
| OPM % | 10.58% | 6.05% | 9.64% | 9.06% | 13.16% | 10.13% |
| 0.51 | 0.06 | 0.07 | 0.24 | 0.02 | 1.13 | |
| Interest | 0.66 | 1.00 | 0.79 | 0.72 | 0.71 | 1.01 |
| Depreciation | 0.04 | 0.03 | 0.04 | 0.39 | 0.51 | 1.06 |
| Profit before tax | 0.86 | 0.19 | 1.06 | 1.52 | 2.20 | 1.48 |
| Tax % | 29.07% | 31.58% | 29.25% | 34.87% | 25.00% | 31.76% |
| 0.62 | 0.12 | 0.75 | 1.00 | 1.66 | 1.01 | |
| EPS in Rs | 0.91 | 0.14 | 0.85 | 1.02 | 1.04 | 0.64 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 8% |
| TTM: | -8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 11% |
| TTM: | -39% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -58% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 8% |
| Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3.92 | 5.00 | 5.00 | 5.62 | 9.11 | 9.11 |
| Reserves | 0.75 | 1.41 | 2.44 | 4.24 | 11.04 | 12.05 |
| 1.41 | 2.13 | 7.71 | 8.26 | 7.18 | 8.82 | |
| 9.57 | 13.89 | 14.86 | 21.76 | 11.61 | 4.70 | |
| Total Liabilities | 15.65 | 22.43 | 30.01 | 39.88 | 38.94 | 34.68 |
| 0.06 | 0.05 | 3.56 | 3.36 | 5.04 | 4.39 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 15.59 | 22.38 | 26.45 | 36.52 | 33.90 | 30.29 | |
| Total Assets | 15.65 | 22.43 | 30.01 | 39.88 | 38.94 | 34.68 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -3.14 | -0.96 | 4.36 | -5.50 | -5.46 | 2.07 | |
| -0.03 | -0.02 | -3.55 | -0.08 | -2.36 | -0.52 | |
| 3.44 | 0.62 | -0.79 | 5.86 | 7.73 | -1.50 | |
| Net Cash Flow | 0.28 | -0.36 | 0.01 | 0.27 | -0.09 | 0.05 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 138.71 | 58.42 | 112.32 | 216.34 | 38.72 | |
| Inventory Days | 152.79 | 110.75 | 118.72 | 110.60 | 280.98 | |
| Days Payable | 406.88 | 238.23 | 253.64 | 314.55 | 170.64 | |
| Cash Conversion Cycle | -115.37 | -69.05 | -22.59 | 12.40 | 149.06 | |
| Working Capital Days | -45.62 | -77.45 | -40.99 | 69.35 | 188.36 | |
| ROCE % | 16.28% | 15.53% | 13.47% | 12.81% |
Documents
Announcements
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
23 July 2024 - GLOBESECURE TECHNOLOGIES LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Outcome of Board Meeting
23 July 2024 - Globesecure Technologies Limited has informed regarding Board meeting held on July 23, 2024.
-
Updates
20 July 2024 - Globesecure Technologies Limited has informed regarding 'Announcement under Regulation 30 (LODR)-Newspaper Publication'.
-
Rights Issue
18 July 2024 - Copy of Letter of Offer ("LOF"), Abridged Letter of Offer ("ALOF"), Application Form/Common Application Form ("Form") and Rights Entitlement Letter ("REL") dated July 05, 2024 …
-
Board Meeting Intimation
16 July 2024 - GLOBESECURE TECHNOLOGIES LIMITED has informed about Board Meeting to be held on 23-Jul-2024 to consider Other business.
Business Overview:[1]
GSTL is a digital transformation company with a focus on cyber security. Company has executed cybersecurity transformation projects, infrastructure, and digital transformation projects for various institutions and also provided similar independent services viz. consultation, architecture, solution design, implementation, monitoring and providing managed services
a) Cybersecurity:
MDR services, cloud security services, data protection, email security, endpoint security, Email security, and Office 360 security
b) Integrated Enterprise Solution:
Design and implement Network Infrastructure, LAN WAN0, Wi-Fi solutions, server, storage, backup, BCP, unified communication, Software Defined Networking, SDWAN, next-gen and network transformation
c) Managed Services:
Third-party services for infrastructure, IT, and other technical support