Armour Security
ARMOUR NSE
Armour Security
ConstructionNSE: ARMOUR Civil Construction
Key Fundamentals
SMECivil ConstructionConstructionMarket Cap
₹29.44 Cr
P/E Ratio
5.5
Return on Equity
21.56%
Debt to Equity
0.02
Book Value
₹27.72
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.63 times its book value
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Contingent liabilities of Rs.9.02 Cr.
- Working capital days have increased from 45.1 days to 93.0 days
Growth Rate
Revenue Growth
32% higher than
3Y
Net Income Growth
34% higher than
3Y
Quarterly Results
| Particulars | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 17.23 | 18.42 | 19.68 | 27.4 |
| Expenses | 13.77 | 16.9 | 15.38 | 23.51 |
| Operating Profit | 3.46 | 1.52 | 4.3 | 3.89 |
| OPM % | 20.08% | 8.25% | 21.85% | 14.2% |
| Other Income | 0.09 | 0.81 | 0.01 | 0.09 |
| Interest | 0.1 | 0.25 | 0.34 | 0.29 |
| Depreciation | 0.11 | 0.11 | 0.09 | 0.1 |
| PBT | 3.34 | 1.97 | 3.88 | 3.59 |
| Tax % | 25.45% | 24.87% | 25.26% | 32.87% |
| Net Profit | 2.49 | 1.49 | 2.9 | 2.41 |
| EPS in Rs | 2.04 | 1.22 | 2.37 | 1.43 |
Profit & Loss
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 26.81 | 28.85 | 32.93 | 35.66 | 47.08 |
| Expenses | 26.22 | 25.68 | 29.21 | 30.63 | 38.9 |
| Operating Profit | 0.59 | 3.17 | 3.72 | 5.03 | 8.18 |
| OPM % | 2.2% | 10.99% | 11.3% | 14.11% | 17.37% |
| Other Income | 0.1 | 0.12 | 0.17 | 0.91 | 0.11 |
| Interest | 0.08 | 0.08 | 0.17 | 0.41 | 0.63 |
| Depreciation | 0.22 | 0.19 | 0.22 | 0.22 | 0.19 |
| PBT | 0.39 | 3.02 | 3.5 | 5.31 | 7.47 |
| Tax % | 25.64% | 25.17% | 25.14% | 25.05% | 28.92% |
| Net Profit | 0.29 | 2.26 | 2.62 | 3.97 | 5.31 |
| EPS in Rs | — | — | 2.14 | 3.25 | 3.15 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 12.22 | 12.22 | 16.87 |
| Reserves | 1.25 | 3.48 | 2.24 | 6.21 | 29.9 |
| Borrowings | 0.7 | 0.85 | 1.8 | 4.69 | 1.06 |
| Other Liabilities | 9.99 | 11.17 | 7.35 | 4.25 | 3.49 |
| Total Liabilities | 11.95 | 15.51 | 23.61 | 27.37 | 51.32 |
| Fixed Assets | 0.83 | 0.75 | 7.3 | 7.69 | 7.93 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 11.12 | 14.76 | 16.31 | 19.68 | 43.39 |
| Total Assets | 11.95 | 15.51 | 23.61 | 27.37 | 51.32 |
Cash Flow
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating | — | 0.45 | 0.6 | 0.23 | -0.82 |
| Investing | — | -0.55 | -2.01 | -4.01 | -11.04 |
| Financing | — | 0.12 | 2.72 | 2.56 | 22.28 |
| Net Cash Flow | — | 0.02 | 1.31 | -1.23 | 10.42 |
| Free Cash Flow | — | 0.34 | 0.22 | -0.36 | -1.25 |
| CFO/OP | — | 26 | 30 | 29 | 20 |
Ratios
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 86.45 | 117 | 85.9 | 83.11 | 109 |
| Cash Conversion Cycle | 86.45 | 117 | 85.9 | 83.11 | 109 |
| Working Capital Days | -33.9 | -7.08 | 10.64 | 31.73 | 93.03 |
| ROCE % | — | 98.41% | 35.63% | 29% | 22.83% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Armour Security insights
28 extracted metrics + investor summaries across FY22–FY26.
Documents
1
Certificate under SEBI (Depositories and Participants) Regulations, 2018
16 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026; no physical share certificates received. 16 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026; no physical share certificates received.
2
Disclosure under SEBI Takeover Regulations
8 Jul - Armour Security (India) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) … 8 Jul - Armour Security (India) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) …
3
Clarification - Financial Results
27 Jun - Exchange has sought clarification from Armour Security (India) Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. … 27 Jun - Exchange has sought clarification from Armour Security (India) Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. …
4
Outcome of Board Meeting
1 Jun - Board approved audited standalone results for half-year and FY ended March 31, 2026; auditors issued unmodified opinion. 1 Jun - Board approved audited standalone results for half-year and FY ended March 31, 2026; auditors issued unmodified opinion.
5
Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 Apr - Armour Security (India) Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018 15 Apr - Armour Security (India) Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018
Frequently Asked Questions about Armour Security
What does Armour Security (India) Ltd do?
Incorporated in August 1999, Armour Security India specializes in providing a range of security services including armed guarding, manpower & consultancy services.[1]
Where is Armour Security (India) Ltd (ARMOUR) listed?
Armour Security (India) Ltd trades as ARMOUR on the NSE.
Which sector does Armour Security (India) Ltd belong to?
Armour Security (India) Ltd is classified under the Construction sector, in the Civil Construction industry.
What is the market capitalisation of Armour Security (India) Ltd?
Armour Security (India) Ltd has a market capitalisation of ₹29.44 Cr, which places it in the Small Cap band.
What is the PE ratio of Armour Security (India) Ltd?
Armour Security (India) Ltd trades at a PE ratio of 5.50, against a book value of ₹27.72 per share.
What is the Return on Equity (ROE) of Armour Security (India) Ltd?
Armour Security (India) Ltd reported a return on equity of 21.56%. Its debt-to-equity ratio is 0.02.
Company Information
Incorporated in August 1999, Armour Security India specializes in providing a range of security services including armed guarding, manpower & consultancy services.[1]
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