MoneyWorks4Me

Armour Security (India) Ltd (ARMOUR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ARMOUR Professional Services | Small Cap | Armour Security (I) Share Price

BSE Share Price
Not Listed

Armour Security (India) Ltd (ARMOUR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ARMOUR Professional Services | Small Cap | Armour Security (I) Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹29 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
39
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
8.29%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
70.12%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹16.9 Cr.
Face Value
₹10
All Time Low / High
₹0.00 / 0.00

Armour Security (India) stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Armour Security (India) Ltd a good quality company?
Armour Security (India) Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Armour Security (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Armour Security (India) Ltd vs industry peers?
Armour Security (India) Ltd revenue CAGR is 9.98%, compared to the industry median CAGR of 22.57%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Armour Security (India) Ltd?
Promoters hold 70.12% of the Armour Security (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Armour Security (India) Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

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.
Armour Security (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 24%98.1%35.8%29.6%-
Value Creation
Index
0.76.01.61.1-

Growth Parameters

Sales 26.828.932.935.747
Sales YoY Gr.-7.6%14.1%8.3%-
Adj EPS 0.54.22.13.23.2
YoY Gr.-670.4%-48.6%51.4%-
BVPS (₹) 2.36.411.815.113.7
Adj Net
Profit
0.32.32.645
Cash Flow from Ops. 2.20.50.60.2-
Debt/CF from Ops. 0.31.9320.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA10%8.3%
Adj EPS NANA81.7%51.4%
BVPSNANA86.6%27.5%
Share Price - - - -

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
23.19529.224.121.9
Op. Profit
Mgn %
2.21111.414.4NAN
Net Profit
Mgn %
1.17.8811.111.3
Debt to
Equity
0.60.20.10.3-
Working Cap
Days
01561581710
Cash Conv.
Cycle
04062760

Valuation of Armour Security (I) - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

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No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

data not found
No data found!
data
No data found!
data
No data found!
data
No data found!

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Armour Security (India) Ltd FAQs

The current trading price of Armour Security (I) 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 31-Dec-1969 the market cap of Armour Security (I) stood at ₹29.44 Cr

The latest P/E ratio of Armour Security (I) as of 31-Dec-1969 is 5.54.

The latest P/B ratio of Armour Security (I) as of 31-Dec-1969 is 1.28.

The 52-week high of Armour Security (I) is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Armour Security (I) is ₹47.08 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Armour Security (India) Ltd is a below average quality company.

The key valuation ratios of Armour Security (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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

About Armour Security (India) Ltd

Armour Security (India) was incorporated as ‘ARMOUR SECURITY (INDIA) PVT. LTD’ on August 27, 1999, vide certification of incorporation under the provision of Companies Act, 1956 issued by the Registrar of Companies, NCT of Delhi and Haryana. Further, the company was converted into a public limited company, pursuant to a special resolution passed in the Extraordinary General Meeting of its Shareholders held on February 09, 2024, and the name of the company was changed to ‘ARMOUR SECURITY (INDIA). LTD.’, and a fresh certificate of incorporation dated May 03, 2024 was issued to the company by the RoC, Central Processing Centre.

The company is engaged in providing comprehensive and customised Security services, Facility Management services, and Recruitment and Staffing solutions across India. Founded in 1999, it has established itself as a service provider with decades of operational experience in delivering private security, housekeeping, fire-fighting, and security training solutions. Its offerings are designed through detailed on-site assessments and consultations to address the operational, safety, and regulatory requirements of each client.

It also specialises in providing ancillary services like event support and branding content creation, suggesting a diversified, consultancy-oriented approach. Its solutions streamline operations, improve deployment efficiency, and strengthen compliance outcomes. Additionally, it offers consulting and advisory services and provides self-service technologies that enable government organisations and corporate clients to migrate, automate, and manage customer-facing business processes through self-service channels. 

It primarily caters to government departments, public sector undertakings (PSUs), development agencies, and private enterprises across India by providing security, facility management, and staffing solutions tailored to their operational, regulatory, and safety requirements. The company provides a comprehensive suite of services including security, housekeeping, integrated facility management, and manpower solutions. This diversity enables it to serve clients across commercial, industrial, residential, healthcare, education, and government sectors. By offering multiple services under one platform, the company is able to meet varied operational requirements of clients efficiently. This integrated approach enhances client retention and positions the company as a one-stop solution provider.

Business area of the company

The company is engaged in providing comprehensive and customised Security services, Facility Management services, and Recruitment and Staffing solutions across India. It delivers comprehensive private security solutions, ranging from individual security personnel to full security teams, tailored to meet the needs of diverse sectors including corporate, industrial, banking, healthcare, government institutions, and educational establishments. In addition, it provides integrated facility management, housekeeping, and manpower services, offering skilled, semi-skilled, and unskilled personnel as per client requirements.

Services of the company

Manpower services

  • Private security services
  • Other manpower and supervision service

Integrated facility management services

  • Housekeeping services

History and milestones

  • 1999: Incorporation of Company
  • 2011: Awarded the work for providing supervisor and related manpower services for one of the Telecommunication Service Providers in India.
  • 2015: Company bagged the contract for provision of services to an Educational University in Greater Noida.
  • 2019: Company bagged the contract for provision of the services to a Judicial Authority in Delhi.
  • 2021: Awarded a contract for Security Manpower Service at an Institute of Technology (owned by Government) in Jalandhar, Punjab.
  • 2023: Company bagged the contract for provision of manpower supply services (such as data entry operator on contract basis) from one of the Taxation Department of the Central Government.
  • 2023: Company bagged the contract for provisions of manpower supply from the Delhi State Government.
  • 2024: Company bagged a contract for sanitation services from the Ministry of Labour and Employment.
  • 2024: The Company was converted into a public limited company, pursuant to a special resolution passed in the Extraordinary General Meeting of its Shareholders held on February 09, 2024, and the name of the Company was changed to ‘ARMOUR SECURITY (INDIA) LTD.’, and a fresh certificate of incorporation dated May 03, 2024 was issued to the Company by the RoC, CPC.
  • 2025: The company bagged a contract from one of the national-level Boards of education in India.

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