Secmark Consultancy Limited (SECMARK)

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Secmark Consultancy Limited (SECMARK) · mywealthgrid

About

Secmark Consultancy Limited provides software and IT consulting services to enterprises across India. With a ₹132.77 Cr market capitalisation and quarterly revenue between ₹7–14 Cr, it operates as a small player in India's competitive software services sector. The company's recent financials show highly volatile performance, swinging between profitability and losses quarter-to-quarter.

Face value: ₹10

Market cap

₹143 Cr

P/E

43.6×

P/B

6.1×

Dividend yield

ROE

11.7%

ROCE

16.4%

Debt / equity

0.55

OPM

18.7%

EPS (TTM)

₹3.1

Book value

₹22.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Severe earnings volatility over nine months: net profit ranged from ₹4.49 Cr (Mar 2026) to -₹1.88 Cr (Dec 2025) to -₹0.19 Cr (Jun 2026); operating margin swung from 50.07% to -23.72% to 9.86%—verify root causes and whether driven by lumpy project cycles or execution inconsistency.
Valuation multiple disconnected from returns: PE of 40.48 paired with ROE of 11.7% and one-year share return of -4.32% suggests market assigns low confidence to sustained profitability.
Limited scale and institutional backing: ₹7–14 Cr quarterly revenue with zero FII/DII ownership leaves limited cushion to compete against larger consultancies or absorb client losses.
Recent loss in latest quarter (Jun 2026): negative net profit and EPS following positive results announcement on 2026-08-12; verify whether Q2 FY2027 stabilizes.

Generated analysis · source review pending

Growth drivers

50.07% operating margin achieved in Mar 2026 demonstrates potential for highly profitable project delivery—verify if this is repeatable or a one-off contract-driven peak.
Sep–Mar period showed strengthening revenue trajectory (₹9.33 Cr to ₹14.3 Cr) and positive profitability; confirm whether this uptrend resumes post-Jun 2026 loss.
IT consulting typically commands higher margins than commodity software services—verify the company's positioning in higher-value consulting verticals and customer profile.
Moderate debt-to-equity of 0.55 provides capacity for capex or strategic hiring if revenue stabilizes; verify management's deployment of this headroom.

Generated analysis · source review pending

1,304 historical price candles were omitted because the exchange source has not been verified.

₹137.5-3.7%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 29.1% over the last 3 years
+Comfortable interest coverage of 15.5×
+High promoter holding of 75% with no pledge

Cons

−Low return on equity of 7% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

65/100

Business quality: 57
Growth: 100
Valuation: 39

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Persistent Systems LimitedPERSISTENTPERSISTENT	₹84,691 Cr	₹84,691 Cr	₹15,718 Cr	₹2,881 Cr	19%	₹1,923 Cr	12.7%	34.2%	26.3%	48
Coforge LimitedCOFORGECOFORGE	₹80,837 Cr	₹81,237 Cr	₹18,152 Cr	₹3,397 Cr	17.9%	₹1,717 Cr	10.6%	22.2%	19.7%	88
Mphasis LimitedMPHASISMPHASIS	₹42,956 Cr	₹44,749 Cr	₹16,531 Cr	₹3,071 Cr	18.8%	₹1,910 Cr	11.7%	24.7%	18.3%	58
Hexaware Technologies LimitedHEXTHEXT	₹29,966 Cr	₹29,966 Cr	₹14,420 Cr	₹2,155 Cr	14.2%	₹1,344 Cr	10.2%	—	—	—
Tata Elxsi LimitedTATAELXSITATAELXSI	₹19,268 Cr	₹19,268 Cr	₹3,886 Cr	₹876 Cr	22.5%	₹655 Cr	16.7%	29.9%	21.3%	-54
Fractal Analytics LimitedFRACTALFRACTAL	₹12,510 Cr	₹12,796 Cr	₹3,300 Cr	₹508 Cr	15.4%	₹292 Cr	8.7%	15.3%	11.8%	61
Rategain Travel Technologies LimitedRATEGAINRATEGAIN	₹9,953 Cr	₹10,875 Cr	₹2,336 Cr	₹459 Cr	18.5%	₹242 Cr	10.7%	13.8%	10.5%	36
Zensar Technologies LimitedZENSARTECHZENSARTECH	₹9,881 Cr	₹9,881 Cr	₹5,811 Cr	₹926 Cr	16.1%	₹776 Cr	13.6%	23%	17.6%	31
ASM Technologies LtdASMTECASMTEC	₹9,641 Cr	₹9,754 Cr	₹529 Cr	₹101 Cr	19.1%	₹26 Cr	11.5%	33.3%	25.7%	202
Intellect Design Arena LimitedINTELLECTINTELLECT	₹8,566 Cr	₹8,566 Cr	₹3,182 Cr	₹603 Cr	19.1%	₹351 Cr	11.3%	15.6%	11.6%	46
Birlasoft LimitedBSOFTBSOFT	₹7,542 Cr	₹7,551 Cr	₹5,404 Cr	₹930 Cr	16.3%	₹573 Cr	9.8%	21.2%	13.7%	63
Sonata Software LimitedSONATSOFTWSONATSOFTW	₹7,124 Cr	₹7,692 Cr	₹11,015 Cr	₹752 Cr	6.9%	₹463 Cr	4.3%	32.4%	25.7%	-19

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	15	17	25	35	38
	10	22	23	26	31
	4	-5	1	9	7
OPM %	28.1%	-29%	4.7%	26.5%	18.7%
Depreciation	1	2	4	4	5
Interest	0	0	1	0	0
	1	1	1	1	1
Profit before tax	4	-7	-3	6	3
Tax	1	-2	-1	1	1
Tax %	25.4%	-24.9%	-25.5%	24.3%	25.7%
	3	-5	-2	4	3
PAT margin %	18.3%	-29.9%	-9.9%	12.2%	6.9%
EPS (₹)	—	-5.1	-2.3	4.1	2.5
EPS adjusted (₹)	2.6	-5	-2.3	4.1	2.5
Annual report	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	4	10	10	10	10
Reserves	19	8	6	10	13
Minority interest	—	—	0	—	—
	1	10	11	7	13
	2	2	4	7	12
Total equity & liabilities	27	31	31	34	48
	11	11	14	10	14
CWIP	0	0	0	0	0
Investments	1	0	0	0	0
	16	19	17	23	34
Total assets	27	31	31	34	48

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	-5	4	4	12
	-4	-1	-6	1	-18
	0	9	-0	-5	6
Net cash flow	0	2	-2	0	0
Free cash flow	—	-7	4	4	4
CFO / Operating profit %	91.7%	—	331.7%	44.8%	170.7%

Compounded sales growth

7 years: —
5 years: —
3 years: 29%
1 year: 7%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: -40%

Return on equity

7 years: —
5 years: -0%
3 years: 6%
Last year: 11%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—
EBITDA margin %	28.1%	-29%	5%	26.5%	18.7%
EBIT margin %	20.4%	-42.7%	-11.6%	14.7%	6.4%
PAT margin %	18.3%	-29.9%	-9.9%	12.2%	6.9%
Working capital
Receivable days	37	24	15	30	23
Inventory days	0	0	0	0	0
Payable days	39	23	47	51	71
NWC days	-3	1	-33	-21	-49
Leverage
Current ratio	4.32	1.34	0.89	1.64	1.35
Debt to EBITDA	0.31	—	8.99	0.7	1.83
Debt to equity	0.05	0.55	0.69	0.32	0.55
Interest coverage	89.8	-17.9	-2.1	15.5	15.5
Asset turnover	0.53	0.57	0.79	1.04	0.78
Return ratios
Return on assets %	9.8%	-16.9%	-7.8%	12.7%	5.3%
Return on capital employed %	14.9%	-31%	-12.3%	32.5%	16.4%
Return on equity %	11.3%	-28.5%	-15.2%	20.9%	11%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	75%	75%	74.91%	74.91%	74.91%	74.71%	74.71%	74.71%	75%	75%	75%	75%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25%	25%	25.09%	25.09%	25.09%	25.29%	25.29%	25.29%	25%	25%	25%	25%
No. of shareholders	—	—	—	—	—	—	—	—	1,540	1,542	1,600	1,542

Promoter holding up 0 percentage points since Sep 2023.

12 deals · 22 Mar 2022 – 6 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
6 Mar 2026	BP WEALTH MANAGEMENT PRIVATE LIMITED	Bulk	BSE	Sell	3,72,500	₹107.41	₹4.00 Cr
6 Mar 2026	CODIFI FINSERV PRIVATE LIMITED	Bulk	BSE	Buy	3,65,786	₹107.42	₹3.93 Cr
19 Sept 2025	POINT ENTERPRISE	Bulk	NSE	Sell	57,500	₹120.20	₹0.69 Cr
26 Sept 2023	BP WEALTH MANAGEMENT PRIVATE LIMITED	Bulk	BSE	Buy	1,87,500	₹88.97	₹1.67 Cr
26 Sept 2023	BP EQUITIES PVT. LTD.	Bulk	BSE	Sell	1,87,500	₹88.97	₹1.67 Cr
23 Mar 2023	ALPHA LEON ENTERPRISES LLP	Bulk	BSE	Sell	2,32,500	₹98.10	₹2.28 Cr
23 Mar 2023	BP WEALTH MANAGEMENT PRIVATE LIMITED	Bulk	BSE	Buy	2,32,500	₹98.10	₹2.28 Cr
25 Mar 2022	KIFS DEALERS	Bulk	BSE	Buy	50,000	₹144.50	₹0.72 Cr
25 Mar 2022	INDORIENT FINANCIAL SERVICES LTD	Bulk	BSE	Sell	50,000	₹144.50	₹0.72 Cr
22 Mar 2022	VIJETA BROKING INDIA PRIVATE LIMITED	Bulk	BSE	Sell	80,000	₹137.00	₹1.10 Cr

1–10 of 12

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Binod Chandra MaharanaNon-Executive - Independent Director-Chairperson
Mrs. Priti Nigam GandhiNon-Executive - Independent Director
Mr. Ravi Vijay RamaiyaExecutive Director-CEO-MD
Mr. Sagar Mansukhbhai ThankiExecutive Director
Mr. Shardul Jashwantlal ShahNon-Executive - Non Independent Director
Mr. Michael Nanson D'souzaExecutive Director
Mr. Sunil Kumar BangCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Secmark Consultancy Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results12 Aug 2026

1

Bonus 3:212 Oct 2022 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

7 announcementsExport CSV

1 Oct 2026, 3:51 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

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Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—
EBITDA margin %	28.1%	-29%	5%	26.5%	18.7%
EBIT margin %	20.4%	-42.7%	-11.6%	14.7%	6.4%
PAT margin %	18.3%	-29.9%	-9.9%	12.2%	6.9%
Working capital
Receivable days	37	24	15	30	23
Inventory days	0	0	0	0	0
Payable days	39	23	47	51	71
NWC days	-3	1	-33	-21	-49
Leverage
Current ratio	4.32	1.34	0.89	1.64	1.35
Debt to EBITDA	0.31	—	8.99	0.7	1.83
Debt to equity	0.05	0.55	0.69	0.32	0.55
Interest coverage	89.8	-17.9	-2.1	15.5	15.5
Asset turnover	0.53	0.57	0.79	1.04	0.78
Return ratios
Return on assets %	9.8%	-16.9%	-7.8%	12.7%	5.3%
Return on capital employed %	14.9%	-31%	-12.3%	32.5%	16.4%
Return on equity %	11.3%	-28.5%	-15.2%	20.9%	11%

Date	Category	Subject	Filing
1 Oct 2026, 3:51 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 7:23 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
9 Sept 2026, 6:53 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
8 Sept 2026, 6:47 pm	Company Update General	Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Letter To Shareholders Containing Weblink Of Annual Report For The Financial Year 2025-2026	PDF
8 Sept 2026, 6:25 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
8 Sept 2026, 6:17 pm	AGM/EGM AGM	Notice Of The 15Th Annual General Meeting Which Will Be Held On Wednesday, September 30, 2026, At 02:30 PM (IST)	PDF
5 Sept 2026, 10:07 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

Secmark Consultancy Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Bonus issues1

Announcements

Board meetings1

Bonus issues1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1