Armour Security (India) Ltd.
•₹ 18.551.37%
2026-08-21
PROS
- Company has a healthy return on capital (ROCE) of 54.5%
- Company has a good return on equity (ROE) track record: 3 Years ROE 49.4%
- Operating margins have improved to 14.4% from 2.6%
- Company comfortably covers its interest (11.2x coverage)
- Company maintains a comfortable, low leverage position
CONS
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.14x)
- Total debt has risen sharply - up 160.2% year on year
- Free cash flow has been persistently negative
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | URBANCO | 147.40 | 0.00 | 22731.74 | 0.00 | -921.20 | -13373.78 | 5283.40 | 1338.56 | -8.23 | -18.44 |
| 2. | BLS | 271.30 | 15.83 | 11170.53 | 0.92 | 201.62 | 11.41 | 890.53 | 25.33 | 41.51 | 28.34 |
| 3. | SIS | 413.85 | 39.92 | 5848.98 | 1.69 | 101.66 | 9.37 | 4603.58 | 29.73 | 7.39 | 4.66 |
| 4. | QUESS | 336.50 | 19.90 | 5025.96 | 3.27 | 82.12 | 61.07 | 4181.68 | 14.52 | 24.72 | 2.02 |
| 5. | BLSE | 314.00 | 49.09 | 2852.89 | 0.16 | 18.63 | 6.30 | 304.09 | 24.63 | 17.52 | 6.98 |
| 6. | TEAMLEASE | 1239.85 | 12.80 | 1894.66 | 0.00 | 34.45 | 37.74 | 3034.69 | 4.96 | 14.52 | 1.05 |
| 7. | BLUSPRING | 119.80 | 0.00 | 1791.04 | 0.00 | -1.58 | 77.90 | 949.29 | 19.07 | 1.32 | 2.17 |
| 8. | KAPSTON | 523.40 | 52.23 | 1592.82 | 0.00 | 84.89 | 1284.83 | 2216.57 | 1062.33 | 13.16 | 6.56 |
| 9. | UDS | 216.75 | 16.72 | 1451.21 | 0.00 | 30.28 | 4.47 | 764.29 | 9.15 | 9.99 | 5.54 |
| 10. | GCSL | 522.95 | 46.36 | 1263.41 | 0.13 | 12.80 | 1240.31 | 37.52 | 70.71 | 21.85 | 46.76 |
| 11. | KRYSTAL | 628.70 | 14.31 | 878.42 | 0.24 | 17.41 | 5.92 | 360.71 | 11.65 | 17.52 | 6.33 |
| 12. | ARMOUR | 18.75 | 0.00 | 31.63 | 0.00 | — | — | — | — | 29.62 | — |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
No standalone quarterly results found
We don't have this information yet. Please check back later.
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 27 | 29 | 33 | 36 | |
| 26 | 26 | 29 | 31 | |
| Operating Profit | 1 | 3 | 4 | 6 |
| OPM % | 3 | 11 | 12 | 17 |
| Other Income | 0 | 0 | 0 | 1 |
| Interest | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 |
| 0 | 3 | 3 | 5 | |
| Tax % | 25 | 25 | 25 | 25 |
| Net Profit | 0 | 2 | 3 | 4 |
| EPS | 0 | 0 | 2 | 3 |
| Dividend Payout % | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 4 | 2 | 3 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | 1 | 4 | 2 | 3 |
Mar 2022
- 27
- 26
- Operating Profit
- 1
- OPM %
- 3
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 25
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 29
- 26
- Operating Profit
- 3
- OPM %
- 11
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 3
- Tax %
- 25
- Net Profit
- 2
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2024
- 33
- 29
- Operating Profit
- 4
- OPM %
- 12
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 3
- Tax %
- 25
- Net Profit
- 3
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2025
- 36
- 31
- Operating Profit
- 6
- OPM %
- 17
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- 5
- Tax %
- 25
- Net Profit
- 4
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 10%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 139%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 49%
- Last Year:
- 24%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| LIABILITIES | - | - | - | - |
| Equity Capital | 0 | 0 | 12 | 12 |
| 1 | 3 | 2 | 6 | |
| 0 | 0 | 1 | 2 | |
| Trade Payables | 4 | 4 | 1 | 0 |
| 7 | 8 | 8 | 7 | |
| Total Liabilities | 12 | 15 | 23 | 27 |
| ASSETS | - | - | - | - |
| 1 | 1 | 7 | 8 | |
| 0 | 0 | 8 | 8 | |
| Cash & Bank | 0 | 0 | 2 | 1 |
| 11 | 14 | 7 | 11 | |
| Total Assets | 12 | 15 | 23 | 27 |
| Total Debt | 1 | 1 | 2 | 5 |
| Net Working Capital | -2 | -0 | 3 | 4 |
| Contingent Liabilities | 5 | 5 | 5 | 9 |
| Book Value per Share | 1259.70 | 3490.60 | 11.83 | 15.08 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 1 | 1 | 2 | 5 |
| Net Working Capital | -2 | -0 | 3 | 4 |
| Contingent Liabilities | 5 | 5 | 5 | 9 |
| Book Value per Share | 1259.70 | 3490.60 | 11.83 | 15.08 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2022
- Equity Capital
- 0
- 1
- 0
- Trade Payables
- 4
- 7
- Total Liabilities
- 12
- 1
- 0
- Cash & Bank
- 0
- 11
- Total Assets
- 12
- Total Debt
- 1
- Net Working Capital
- -2
- Contingent Liabilities
- 5
- Book Value per Share
- 1259.70
- Face Value
- 10.00
- Total Debt
- 1
- Net Working Capital
- -2
- Contingent Liabilities
- 5
- Book Value per Share
- 1259.70
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 0
- 3
- 0
- Trade Payables
- 4
- 8
- Total Liabilities
- 15
- 1
- 0
- Cash & Bank
- 0
- 14
- Total Assets
- 15
- Total Debt
- 1
- Net Working Capital
- -0
- Contingent Liabilities
- 5
- Book Value per Share
- 3490.60
- Face Value
- 10.00
- Total Debt
- 1
- Net Working Capital
- -0
- Contingent Liabilities
- 5
- Book Value per Share
- 3490.60
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 12
- 2
- 1
- Trade Payables
- 1
- 8
- Total Liabilities
- 23
- 7
- 8
- Cash & Bank
- 2
- 7
- Total Assets
- 23
- Total Debt
- 2
- Net Working Capital
- 3
- Contingent Liabilities
- 5
- Book Value per Share
- 11.83
- Face Value
- 10.00
- Total Debt
- 2
- Net Working Capital
- 3
- Contingent Liabilities
- 5
- Book Value per Share
- 11.83
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 12
- 6
- 2
- Trade Payables
- 0
- 7
- Total Liabilities
- 27
- 8
- 8
- Cash & Bank
- 1
- 11
- Total Assets
- 27
- Total Debt
- 5
- Net Working Capital
- 4
- Contingent Liabilities
- 9
- Book Value per Share
- 15.08
- Face Value
- 10.00
- Total Debt
- 5
- Net Working Capital
- 4
- Contingent Liabilities
- 9
- Book Value per Share
- 15.08
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 2 | 0 | 1 | 0 | |
| Cash from Investing | -2 | -1 | -2 | -4 |
| Cash from Financing | -1 | 0 | 3 | 3 |
| -0 | 0 | 1 | -1 | |
| Free Cash Flow | 2 | 0 | -6 | -0 |
| OCF / Net Profit | 7.67 | 0.20 | 0.23 | 0.06 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 |
| OCF / Net Profit | 7.67 | 0.20 | 0.23 | 0.06 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 |
Mar 2022
- 2
- Cash from Investing
- -2
- Cash from Financing
- -1
- -0
- Free Cash Flow
- 2
- OCF / Net Profit
- 7.67
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 7.67
- Cumulative 5-Year FCF
- 0
Mar 2023
- 0
- Cash from Investing
- -1
- Cash from Financing
- 0
- 0
- Free Cash Flow
- 0
- OCF / Net Profit
- 0.20
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.20
- Cumulative 5-Year FCF
- 0
Mar 2024
- 1
- Cash from Investing
- -2
- Cash from Financing
- 3
- 1
- Free Cash Flow
- -6
- OCF / Net Profit
- 0.23
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.23
- Cumulative 5-Year FCF
- 0
Mar 2025
- 0
- Cash from Investing
- -4
- Cash from Financing
- 3
- -1
- Free Cash Flow
- -0
- OCF / Net Profit
- 0.06
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.06
- Cumulative 5-Year FCF
- 0
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| PER SHARE | - | - | - | - |
| EPS (₹) | 291.30 | 2256.60 | 2.14 | 3.25 |
| Book Value (₹) | 1259.70 | 3490.60 | 11.83 | 15.08 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 0.94 | 4.51 | 2.32 | 3.43 |
| PROFITABILITY | - | - | - | - |
| Operating Margin % | 2.57% | 11.39% | 11.35% | 14.42% |
| Net Margin % | 1.09% | 7.82% | 7.95% | 11.14% |
| ROE % | 23.12% | 95.01% | 29.17% | 24.16% |
| ROCE % | 24.04% | 98.10% | 35.75% | 29.62% |
| 2.47% | 16.64% | 13.51% | 15.71% | |
| EFFICIENCY | - | - | - | - |
| Debtor Days | 86 | 99 | 94 | 81 |
| Inventory Days | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 |
| 86 | 99 | 94 | 81 | |
| FINANCIAL HEALTH | - | - | - | - |
| Debt to Equity (x) | 0.56x | 0.24x | 0.12x | 0.25x |
| Interest Coverage (x) | 5.75x | 40.11x | 19.96x | 11.18x |
| 0.79x | 0.99x | 1.34x | 1.53x | |
| GROWTH | - | - | - | - |
| Revenue Growth % | 0.00% | 7.60% | 14.17% | 8.27% |
| Operating Profit Growth % | 0.00% | 377.22% | 18.86% | 54.90% |
| Net Profit Growth % | 0.00% | 674.67% | 16.00% | 51.80% |
| 0.00% | 0.00% | -99.91% | 51.80% | |
| VALUATION | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 3.15x | 2.71x |
Mar 2022
- EPS (₹)
- 291.30
- Book Value (₹)
- 1259.70
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.94
- Operating Margin %
- 2.57%
- Net Margin %
- 1.09%
- ROE %
- 23.12%
- ROCE %
- 24.04%
- 2.47%
- Debtor Days
- 86
- Inventory Days
- 0
- Payable Days
- 0
- 86
- Debt to Equity (x)
- 0.56x
- Interest Coverage (x)
- 5.75x
- 0.79x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 2256.60
- Book Value (₹)
- 3490.60
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.51
- Operating Margin %
- 11.39%
- Net Margin %
- 7.82%
- ROE %
- 95.01%
- ROCE %
- 98.10%
- 16.64%
- Debtor Days
- 99
- Inventory Days
- 0
- Payable Days
- 0
- 99
- Debt to Equity (x)
- 0.24x
- Interest Coverage (x)
- 40.11x
- 0.99x
- Revenue Growth %
- 7.60%
- Operating Profit Growth %
- 377.22%
- Net Profit Growth %
- 674.67%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 2.14
- Book Value (₹)
- 11.83
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.32
- Operating Margin %
- 11.35%
- Net Margin %
- 7.95%
- ROE %
- 29.17%
- ROCE %
- 35.75%
- 13.51%
- Debtor Days
- 94
- Inventory Days
- 0
- Payable Days
- 0
- 94
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 19.96x
- 1.34x
- Revenue Growth %
- 14.17%
- Operating Profit Growth %
- 18.86%
- Net Profit Growth %
- 16.00%
- -99.91%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 3.15x
Mar 2025
- EPS (₹)
- 3.25
- Book Value (₹)
- 15.08
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.43
- Operating Margin %
- 14.42%
- Net Margin %
- 11.14%
- ROE %
- 24.16%
- ROCE %
- 29.62%
- 15.71%
- Debtor Days
- 81
- Inventory Days
- 0
- Payable Days
- 0
- 81
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 11.18x
- 1.53x
- Revenue Growth %
- 8.27%
- Operating Profit Growth %
- 54.90%
- Net Profit Growth %
- 51.80%
- 51.80%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 2.71x
Documents
Announcements
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Annual Reports
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Credit Ratings
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Concalls
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