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Earnings Call

Clear Secured Services Earnings Call: Key Takeaways

Clear Secured Services Limited (CSSL) reports strong FY26 performance with Revenue at ₹785 Cr (up 63% YoY) and PAT at ₹30 Cr. Shift towards high-margin tech-driven e-surveillance and government contracts.

Why this was an Alfa AlertManagement guided FY26 revenue growth exceeding 40% CAGR, but achieved 63% YoY growth, hitting ₹785 Cr against an implied target of ~₹553 Cr based on prior momentum.
Highlights
Revenue growth63% YoY reaching ₹785 Cr in FY26.
MarginsEBITDA margin stable at 8%; tech-first approach improves EBITDA value.
Order book₹142 Cr government orders; ₹200 Cr p.a. MNC banking contract.
Demand visibilityStrong forward visibility with ₹142 Cr government order book.
Management confidenceHigh, citing 'structural' growth and 'scaling new heights'.

Growth

Revenue grew 63% to ₹785 Cr in FY26; EBITDA rose 62% to ₹60 Cr; PAT surged 67% to ₹30 Cr.

Outlook

Balance order book of ~₹142 Cr from government players for next 4 years; Mumbai Metro contract valid until 2029.

Risks

Regulatory compliance across 17 states; reliance on government contract cycles; potential private sector volatility.

Source

Earnings Call filed with NSE, NSE: CSSL. Summary written with AI assistance from the document.

Read the document ↗

Clear Secured Services Ltd: key numbers

Share price
₹75.75
Market cap
₹182.2 Cr
Revenue (annual)
₹778.0 Cr
Net profit (annual)
₹30.20 Cr
P/E (TTM)
6.0×Sector 37.2×
Promoter holding
73.03%
FII holding
4.12%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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