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Armour Security (India) (ARMOUR)₹26.000.00%Diversified Commercial Services
In the Mar 2026 quarter (standalone), Armour Security (India) reported sales of ₹27.30 Cr, up 48.8% from Mar 2025, and net profit of ₹2.42 Cr, up 61.3% year on year. For the year to Mar 2026, sales were ₹46.91 Cr and net profit ₹5.33 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 17.16 | 18.35 | 19.62 | 27.30 |
| Expenses | 13.74 | 16.88 | 15.36 | 23.46 |
| Operating Profit | 3.47 | 1.53 | 4.31 | 3.90 |
| OPM % | 20.0% | 8.2% | 21.8% | 14.2% |
| Other Income | 0.10 | 0.82 | 0.02 | 0.10 |
| Interest | 0.11 | 0.26 | 0.35 | 0.30 |
| Depreciation | 0.10 | 0.10 | 0.08 | 0.09 |
| Profit before tax | 3.35 | 1.98 | 3.89 | 3.60 |
| Tax % | 25.4% | 24.9% | 25.3% | 32.9% |
| Net Profit | 2.50 | 1.50 | 2.91 | 2.42 |
| EPS (Rs) | 2.03 | 1.21 | 2.36 | 1.42 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 26.70 | 28.75 | 32.82 | 35.53 | 46.91 |
| Expenses | 26.18 | 25.65 | 29.14 | 30.59 | 38.81 |
| Operating Profit | 0.60 | 3.18 | 3.73 | 5.04 | 8.21 |
| OPM % | 2.2% | 11.0% | 11.2% | 14.0% | 17.3% |
| Other Income | 0.11 | 0.13 | 0.18 | 0.92 | 0.12 |
| Interest | 0.09 | 0.09 | 0.18 | 0.42 | 0.64 |
| Depreciation | 0.21 | 0.18 | 0.21 | 0.21 | 0.18 |
| Profit before tax | 0.40 | 3.03 | 3.51 | 5.33 | 7.49 |
| Tax % | 25.6% | 25.2% | 25.2% | 25.1% | 28.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.30 | 2.27 | 2.63 | 3.98 | 5.33 |
| EPS (Rs) | — | — | 2.13 | 3.24 | 3.14 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 12.24 | 12.24 | 16.90 |
| Reserves | 1.26 | 3.49 | 2.25 | 6.23 | 30.01 |
| Borrowings | 0.69 | 0.84 | 1.79 | 4.68 | 1.05 |
| Other Liabilities | 10.02 | 11.21 | 7.35 | 4.26 | 3.47 |
| Total Liabilities | 11.99 | 15.56 | 23.63 | 27.41 | 51.43 |
| Fixed Assets | 0.84 | 0.76 | 7.29 | 7.68 | 7.94 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 11.15 | 14.80 | 16.34 | 19.73 | 43.49 |
| Trade receivables | 6.38 | 9.30 | 7.78 | 8.15 | 14.13 |
| Cash & equivalents | 0.41 | 0.43 | 1.74 | 0.52 | 7.74 |
| Total Assets | 11.99 | 15.56 | 23.63 | 27.41 | 51.43 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from operating activity | 0.46 | 0.61 | 0.24 | −0.83 |
| Cash from investing activity | −0.56 | −2.02 | −4.03 | −11.07 |
| Cash from financing activity | 0.13 | 2.73 | 2.57 | 22.33 |
| Net cash flow | 0.03 | 1.32 | −1.24 | 10.43 |
| Capex | 0.12 | 0.39 | 0.61 | 0.44 |
| Free cash flow | 0.33 | 0.21 | −0.35 | −1.24 |
| CFO / OP % | 26.1% | 30.1% | 29.1% | 20.1% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor days | 85 | 116 | 85 | 82 | 108 |
| Cash conversion cycle | 86 | 117 | 86 | 83 | 109 |
| Working capital days | −34 | −7 | 11 | 32 | 93 |
| ROCE % | — | 98.5% | 35.7% | 29.1% | 22.9% |
For the Mar 2026 quarter, Armour Security (India) reported sales of ₹27.30 Cr, up 48.8% year on year and net profit of ₹2.42 Cr, up 61.3% year on year. The operating margin was 14.2%.
Armour Security (India)'s sales for the year to Mar 2026 were ₹46.91 Cr.
Net profit for the year to Mar 2026 was ₹5.33 Cr. Earnings per share over the same trailing period were ₹3.14.
Armour Security (India) reported borrowings of ₹1.05 Cr at Mar 2026, against cash and equivalents of ₹7.74 Cr.
Cash from operations was −₹0.83 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1.24 Cr.