Globesecure Technologies Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: GSTL | IT - Software | Small Cap

BSE Share Price
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Globesecure Technologies stock performance -

mw4me loader
P/E Ratio (SA):
26.34
Market Cap:
43.7 Cr.
52-wk low:
0
52-wk high:
0

Is Globesecure Technologies Ltd an attractive stock to invest in?

1. Is Globesecure Technologies Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Globesecure Technologies Ltd is a below average quality company.

2. Is Globesecure Technologies Ltd undervalued or overvalued?

The key valuation ratios of Globesecure Technologies Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Globesecure Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Globesecure Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Globesecure Technlgy:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Globesecure Technologies Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 17.7%11.1%10.7%9.1%9.5%-
Value Creation
Index
0.3-0.2-0.2-0.4-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9.919.218.926.425.826
Sales YoY Gr.-93.4%-1.6%39.7%-2.1%-
Adj EPS 1.60.20.11.81.81.8
YoY Gr.--85.4%-39.1%1171.4%2.3%-
BVPS (₹) 11.912.81.517.622.122.1
Adj Net
Profit
0.60.10.711.72
Cash Flow from Ops. -3.1-14.4-5.5-5.5-
Debt/CF from Ops. -0.5-2.21.8-1.5-1.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA10.4%-2.1%
Adj EPS NANA99.3%2.3%
BVPSNANA19.9%26%
Share Price - - - -51.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.2210.311.6118.2
Op. Profit
Mgn %
10.569.79.113.2NAN
Net Profit
Mgn %
6.20.63.83.86.46.4
Debt to
Equity
0.30.310.80.4-
Working Cap
Days
03574714334940
Cash Conv.
Cycle
0-27-50191140

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.43%

Net Profit is growing at healthy rate in last 3 years 99.27%

Debt to equity has declined versus last 3 years average to 0.36

Return on Equity has declined versus last 3 years average to 8.20%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Globesecure Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 1.8 -
TTM Sales (₹ Cr.) 25.8 -
BVPS (₹.) 22.1 -
Reserves (₹ Cr.) 11 -
P/BV 2.17 -
PE 26.34 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 43.7
Equity (₹ Cr.) 9.1
Face Value (₹) 10
Industry PE 31.6

Management X-Ray of Globesecure Technlgy:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.0033.7933.7944.46
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Globesecure Technlgy

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales9.9219.1818.8826.3725.83
Operating Expenses 8.8718.0317.0523.9722.42
Manufacturing Costs0.030.030.0200.01
Material Costs6.4515.7214.8822.2119.55
Employee Cost 0.930.591.160.721.48
Other Costs 1.461.690.991.041.38
Operating Profit 1.041.151.832.403.41
Operating Profit Margin (%) 10.5%6.0%9.7%9.1%13.2%
Other Income 0.510.060.070.240.02
Interest 0.6610.790.720.71
Depreciation 0.040.030.040.390.51
Exceptional Items 00000
Profit Before Tax 0.860.181.071.532.20
Tax 0.240.060.320.530.55
Profit After Tax 0.620.120.7511.66
PAT Margin (%) 6.2%0.6%4.0%3.8%6.4%
Adjusted EPS (₹)1.60.20.21.81.8
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 4.676.417.449.8520.14
Share Capital 3.92555.629.11
Reserves 0.751.412.444.2411.04
Minority Interest00000
Debt1.412.137.718.267.01
Long Term Debt0.421.302.262.891.91
Short Term Debt0.990.835.455.365.10
Trade Payables7.1910.2610.3419.149.14
Others Liabilities 2.353.594.512.642.65
Total Liabilities 15.6222.393039.8938.94

Fixed Assets

Gross Block0.160.183.743.936.13
Accumulated Depreciation0.100.140.180.571.08
Net Fixed Assets0.060.053.563.365.04
CWIP 00000
Investments 00000
Inventories2.704.774.846.7315.05
Trade Receivables3.773.075.8115.632.74
Cash Equivalents 0.390.030.040.320.23
Others Assets8.7114.4715.7413.8615.88
Total Assets 15.6222.393039.8938.94

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -3.14-0.964.36-5.50-5.46
PBT 0.860.181.071.532.20
Adjustment 0.691.03-0.461.111.22
Changes in Working Capital -4.44-2.14.06-7.66-8.35
Tax Paid -0.24-0.07-0.31-0.48-0.54
Cash Flow From Investing Activity -0.03-0.02-3.55-0.08-2.36
Capex -0.03-0.02-3.55-0.18-2.20
Net Investments 00000
Others 0000.10-0.16
Cash Flow From Financing Activity 3.440.62-0.795.867.73
Net Proceeds from Shares 4.101.6201.428.63
Net Proceeds from Borrowing 0000.63-0.98
Interest Paid -0.66-1-0.79-0.72-0.71
Dividend Paid 00000
Others 0004.540.79
Net Cash Flow 0.28-0.360.010.27-0.09
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)13.222.1310.8411.5611.05
ROCE (%)24.9716.1215.7213.5312.84
Asset Turnover Ratio0.631.010.720.750.66
PAT to CFO Conversion(x)-5.06-85.81-5.5-3.29
Working Capital Days
Receivable Days1396586148130
Inventory Days99719380154
Payable Days407203253242264

Globesecure Technologies Ltd Stock News

Globesecure Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Globesecure Technlgy on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Globesecure Technlgy stood at ₹43.67.
The latest P/E ratio of Globesecure Technlgy as of 01-Jan-1970 05:30 is 26.34.
The latest P/B ratio of Globesecure Technlgy as of 01-Jan-1970 05:30 is 2.17.
The 52-week high of Globesecure Technlgy is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Globesecure Technlgy is ₹25.83 ( Cr.) .

About Globesecure Technologies Ltd

The company was originally incorporated as “Globesecure Technologies Private Limited” on February 19, 2016 as a private limited company under the Companies Act, 2013 pursuant to Certificate of Incorporation issued by the Registrar of Companies, Mumbai, Maharashtra. The company was converted into public limited company pursuant to shareholders resolution passed at an Extra-Ordinary General Meeting held of the Company on June 27, 2019, and name of the Company was changed to “Globesecure Technologies Limited” and a fresh Certificate of Incorporation dated August 02, 2019, was issued by Registrar of Companies, Mumbai, Maharashtra.

Globesecure Technologies is a digital transformation company in India with a focus on cyber security. The company has executed several cyber security transformation projects, infrastructure, and digital transformation projects for various institutions and also provide similar independent services to its clients. Through its wide range of offerings across multiple verticals, it possess capabilities spanning the digital lifecycle of services ranging from consultation, architecture, solution design, and implementation, to monitoring and providing managed services. It classify its business into the following lines of business: (i) Cyber Security, (ii) Integrated Enterprise Solutions, and (iii) Managed Services.

The company’s offerings range from entry-level services such as vulnerability assessments and penetration testing at the roadmap stage to solution customization and implementation at the execution stage, onsite as well as remote capabilities at the deployment stage, and comprise more evolved offerings in the form of the ‘pay-per-use’ MSSP model. Its services range from threat intelligence, threat monitoring, and threat detection to threat hunting and incident response, penetration testing and vulnerability management, and brand monitoring services. Its services include comprehensive advisory and managed security services to mitigate breaches and enable its clients to understand the threats they may be exposed to. Its offerings are aimed at equipping its clients with capabilities to assess security intelligence and operations. It also design SOCs for its clients using security analytics platforms from its key security solution partners and build enterprise-class SOCs for its clients. It enable 24x7 threat, detection, and fast response capability, enabled by threat intelligence from multiple sources and proactive threat hunting to identify and remediate advanced threats.

Business area of the company

Globesecure technologies (GST) is a nationally recognized systems and technology integrator that offers design, integration, and technical services, GST leads its clients through technology and system changes in Networking, Security, Performance, Acceleration, Monitoring, Application delivery control & Storage systems. It has created a structure that supports customers from solution design and project implementation to training and technical support after the project is complete.

Awards and Recognitions

  • 2019: Awarded by Channel World and International Data Group for displaying exemplary leadership in a rapidly transforming digital technology landspace.
  • 2021: Received ‘Top Partner Asia South’ by PulseSecure.

Major Events and Milestone

  • 2016: Incorporated as ‘Globesecure Technologies Private Limited’.
  • 2017: The company’s annual revenues from operations crossed Rs 7 crore.
  • 2018 The company’s annual revenues from operations crossed Rs 10 crore for the first time.
  • 2019: Conversion of Company from private limited company to public limited company.
  • 2020: Tied up with Prominent OEM for launching new products.
  • 2020: Purchased Property in Raigad for business purpose.
  • 2021: The company’s annual revenues from operations crossed Rs 19 crore.
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