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SecMark Consultancy Limited (SECMARK) Fair Value & Analysis

Industrials · IN · Market cap ₹1.4B (≈ $14.4M)

What is SecMark Consultancy Limited really worth?

SC SecMark Consultancy Limited SECMARK · NSE
Price₹144.40
Fair Value₹68.81
Upside−52.4%
Quality49/100

Below-average quality, and trading another 110% above our fair value of ₹68.81.

As of Sep 5, 2026, the fair value of SecMark Consultancy Limited is ₹68.81 per share against a price of ₹144.40, so the fair value sits 52% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Low debt · generates free cash flow

Risks

!Expensive Growth (revenue 5y +37.7 %/yr)
!Thin margins · 6.8% net margin
!Mixed vs. peers (6/13)
!Moderate moat 59/100
Evidence: High Range ₹51.61 – ₹83.32

Fair value as of: Sep 5, 2026

From 23 valuation models · updated yesterday

Fair value updated Sep 5, 2026, revised from ₹51.61 to ₹68.81 (+33.3%) since Aug 13, 2026. Share price +17.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹83.32). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (3 years)

₹163.27 ₹80.90 Fair Value ₹68.81 Oct 2023 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

35‑month range ₹80.90 – ₹163.27 · fair‑value band ₹51.61 – ₹83.32 · the ₹144.40 price screens above the ₹68.81 fair value. Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

SecMark Consultancy Limited (SECMARK) currently trades at ₹144.40, while our model-based Fair Value estimate is ₹68.81, implying the stock looks roughly 109.9% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ₹144.22 per share, and 4 of the 23 models we run sit above the ₹144.40 price. Bear case: the Asset-Based group reads lowest at ₹15.01, and 19 of the 23 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, SecMark Consultancy Limited generated revenue of ₹375M at a net margin of 6.8%. Revenue grew 14.4% year over year. It earns a return on equity of 11.7%. The balance sheet holds a net cash position of ₹147M. Fundamentals as of Sep 5, 2026

Our scenario range runs from ₹51.61 (bear case) to ₹83.32 (bull case); at ₹144.40, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 7% below its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −21% fair-value upside, at −52%, SECMARK screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹1.05 per share, which is 1.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF ₹86.70 ₹114.42 ₹197.26 76
Growth DCF ₹82.88 ₹124.03 ₹188.68 75
EPV ₹38.01 ₹39.60 ₹40.91 74
All 23 models by family
DCF Models
FCF DCF ₹86.70 ₹114.42 ₹197.26 76
5Y Revenue Exit ₹61.30 ₹80.53 ₹120.25 70
5Y EBITDA Exit ₹108.42 ₹175.69 ₹307.72 70
5Y P/E Exit ₹81.40 ₹144.22 ₹228.94 67
10Y Revenue Exit ₹69.26 ₹105.60 ₹124.34 66
10Y EBITDA Exit ₹101.49 ₹198.13 ₹368.20 63
10Y P/E Exit ₹83.47 ₹145.08 ₹244.22 60
Earnings-Based
Graham-Dodd ₹16.71 ₹116.54 ₹163.54 61
Lynch FV ₹60.21 ₹86.01 ₹111.81 59
PEG = 1.0 ₹60.21 ₹86.01 ₹111.81 55
EPV ₹38.01 ₹39.60 ₹40.91 74
Multiples
P/E Multiple ₹51.61 ₹68.81 ₹86.01 63
P/S Multiple ₹31.33 ₹41.78 ₹52.22 58
P/B Multiple ₹31.33 ₹41.78 ₹52.22 55
EV/EBIT ₹67.94 ₹81.78 ₹95.62 66
EV/EBITDA ₹117.14 ₹147.39 ₹177.63 67
EV/Revenue ₹47.40 ₹56.40 ₹65.40 54
Asset-Based
NCAV (Graham) ₹11.20 ₹15.01 ₹22.41 54
Growth DCF
Growth DCF ₹82.88 ₹124.03 ₹188.68 75
Rev-Margin DCF ₹64.54 ₹88.38 ₹138.70 70
Economic Profit
Residual Income ₹18.99 ₹20.97 ₹29.48 68
ROIC Compounder ₹38.01 ₹39.60 ₹40.91 70
Growth Earnings
Growth-Adj P/E ₹86.94 ₹124.20 ₹161.46 65

Widest divergence: DCF Models (₹144.22) versus Asset-Based (₹15.01). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 51.2 as of Jul 3, 2026
P/S ratio 3.50 P/E × margin
EPS (TTM) ₹2.42 price ÷ EPS = P/E 51.2
Net margin 6.8% FY2026
Return on equity 11.7% TTM
Return on assets (EBIT) −0.4% avg 5y
More key figures
Profitability
Operating margin 40.0% TTM
Growth
Revenue (TTM) ₹375M TTM
Revenue growth (YoY) +14.4% 3y avg +29.1%
EPS growth (YoY) +12.4%
Balance sheet & cash flow
Free cash flow ₹46.3M FY2026
Net cash ₹147M FY2026

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 52 · Market factors (momentum, volatility) 59

Profitability 47
Margins and returns on capital today
Quality Growth 8
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 68
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

SecMark Consultancy Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services to financial market participants in the areas of compliance, operations, software development, risk management, and others.

Full company description

SecMark Consultancy Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services to financial market participants in the areas of compliance, operations, software development, risk management, and others. It also offers IT infra management, system audit and IT security, forensic audit, compliance assistance, litigation and arbitration, and HR services, as well as services to start a business. In addition, the company provides anti money laundering software applications for financial institutions; e-learning product suite; and back-office solutions for broking and depository participant (DP), as well as operates compliancesutra.com, a solution to manage compliances, audits, and processes. It primarily serves brokerage houses, depository participants, stock exchanges, wealth managers, research analyst, corporate agents, portfolio managers, investment advisors, NBFCs, banks, etc. The company was incorporated in 2011 and is based in Mumbai, India. SecMark Consultancy Limited is a subsidiary of Secmark Holdings Private Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

SecMark Consultancy Limited reported revenue of ₹375M in FY2026 versus ₹145M in FY2022, a compound +26.8%/yr. Reported net income was ₹25.7M in FY2026, compounding −0.7%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹375M
Latest YoY
+6.9%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+29.1%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+37.7%
Avg. revenue growth/yr (8Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+35.6%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+6.7% · in INR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+6.7%
Dividend yield0.0%
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.31.7% (2021) → 6.4% (2026) · falling
Worst earnings drop297% (2023) (loss year, drop beyond 100%) · in INR
Revenue +26.8%/yr
FY22 ₹145M
FY23 ₹174M
FY24 ₹246M
FY25 ₹351M
FY26 ₹375M
Net income −0.7%/yr
FY22 ₹26.4M
FY23 −₹52.2M
FY24 −₹24.3M
FY25 ₹42.9M
FY26 ₹25.7M

SECMARK screens 110% overvalued. Compare with Verisk Analytics, Inc →

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Cite: Fair Value Calculator (2026). "SecMark Consultancy Limited Fair Value". https://www.fairvalue-calculator.com/stock/SECMARK.NSE

Peer Group

Consulting Services · 80 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 49 · Below median
Fair Value upside −71% · Bottom 25%
Return on equity (TTM) 12% · Above median
Return on assets 4% · Below median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 40% · Top 25%
Revenue growth 14% · Top 25%

Valuation Multiples vs Consulting Services median · lower = cheaper

P/E (TTM) 51.2× · Pricier than 75% of peers
P/B 5.80× · Pricier than 75% of peers
P/S (TTM) 3.62× · Pricier than 75% of peers
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 39.9× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 23
FUTURE72 · sector 17
PAST47 · sector 35
HEALTH100 · sector 89
DIVIDEND0 · sector 62

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Consulting Services stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

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SGS SA SGSN CHF 94.20 CHF 68.96 −27%
Equifax Inc EFX $192.41 $100.04 −48%
Bureau Veritas SA BVI €27.74 €27.81 +0%
ALS Limited ALQ A$21.94 A$10.93 −50%
Booz Allen Hamilton Holding BAH $75.38 $146.45 +94%
DKSH Holding DKSH CHF 66.30 CHF 64.81 −2%
FTI Consulting, Inc FCN $151.36 $168.44 +11%
Centre Testing International Group 300012 ¥14.98 ¥11.90 −21%
GRG Metrology & Test Group 002967 ¥17.23 ¥11.69 −32%

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Frequently asked questions

Is SecMark Consultancy Limited (SECMARK) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of ₹68.81 versus a price of ₹144.40, about −52% upside (overvalued).
What is the fair value of SECMARK?
Our model-based fair value for SecMark Consultancy Limited is ₹68.81 (as of Sep 5, 2026), built from audited fundamentals. The current price: ₹144.40.
What is the quality score of SECMARK?
SecMark Consultancy Limited has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SecMark Consultancy Limited (SECMARK)?
Our model-based price target is the fair value of ₹68.81 (as of Sep 5, 2026) from 23 valuation models. Cautious scenario ₹51.61, optimistic scenario ₹83.32. It is a calculation from audited fundamentals, not an analyst target.
What is the SecMark Consultancy Limited stock forecast for 2026?
Our models put fair value at ₹68.81, about −52% upside versus a price of ₹144.40 (overvalued). Cautious scenario ₹51.61, optimistic scenario ₹83.32. The calculation is refreshed regularly with new filings.
What is the revenue of SecMark Consultancy Limited (SECMARK)?
SecMark Consultancy Limited reported trailing-twelve-month revenue of about ₹375M (latest available figure, as of Sep 5, 2026).
What is the net profit margin of SECMARK?
The net profit margin of SecMark Consultancy Limited is about 6.8%, meaning it keeps roughly 6.8% of revenue as net income. Based on the latest reported figures.
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