Cyber security stock in focus after receiving order from MCX for VPN solutions

The shares of one of the leading cyber security player in focus after the company received a prestigious purchase order from Multi Commodity Exchange of India Ltd worth Rs 1.98 crore.

Price movement

With a market capitalization of Rs 47.82 crore, the shares of GlobeSecure Technologies Limited were trading at Rs 30 per share, decreasing around 1.48 percent as compared to the previous closing price of Rs 30.45 apiece.

Reason for Rise

According to the company filing, GlobeSecure Technologies Limited received a prestigious purchase order from Multi Commodity Exchange of India Ltd for implementation and support for VPN solutions for 5 years for consideration of Rs 1.98 crore.

Financial condition

Analyzing the company’s financial performance, revenue zoomed by 5 percent from Rs 10.05 crore in H1FY24 to Rs 10.52 crore in H1FY25 but during the same time, net profit stretched by 14 percent from Rs 0.21 crore to Rs 0.24 crore.

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Company profile

Globesecure Technologies Limited is an India-based cyber security solutions provider. The Company works with enterprises to assess, architect, deploy, and sustain their security posture for their data and information. The Company is engaged in ZTNA, Cloud Security, Web and Application Security, Network Security & Email Security.

Service portfolio

GSTL is a digital transformation company specializing in cybersecurity, integrated enterprise solutions, and managed services. It provides cybersecurity transformation, cloud security, MDR services, data protection, network infrastructure, SD-WAN, and IT support, offering consultation, architecture, solution design, implementation, monitoring, and managed services to various institutions.

Ratio Analysis

The company’s profitability measures show a decline in return on equity (RoE) from 8.22 percent in FY 22-23 to 4.78 percent in FY 23-24, while, during the same period return on capital employed (RoCE) decreased from 13.15 percent to 10.45 percent. In contrast, the net profit margin (NPM) was 4.23 percent in fiscal year 23-24.

Written by Abhishek Singh

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