Armour Security
: ARMOUR · Diversified Commercial Services
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Armour Security's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Armour Security India is a diversified commercial services provider specialising in armed guarding, manpower consultancy, and integrated facility management. The company offers end-to-end staffing solutions, including security personnel, facility staff, and electronic surveillance support across India.
Business Model
The company operates as a manpower-driven service provider, generating revenue through the deployment of security guards, facility management staff, and recruitment services. It leverages a service-based model to provide integrated security and operational support to its clients.
Growth Outlook
Growth is driven by the increasing demand for integrated facility management and professional security services within the Indian commercial sector. The company continues to focus on expanding its manpower-driven service offerings to capture a larger market share.
Key Risks
- Labour Cost Inflation. Rising minimum wage requirements and statutory compliance costs can significantly impact operating margins in a manpower-intensive business.
- Intense Market Competition. The private security and facility management sector is highly fragmented, leading to aggressive pricing competition from both organised and unorganised players.
- Regulatory Compliance. Changes in labour laws and private security agency licensing regulations could necessitate operational adjustments and increase administrative overheads.
- Client Concentration. Dependence on a limited number of large-scale contracts may expose the company to revenue volatility if key client relationships are terminated.
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Peers · Diversified Commercial Services
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Armour SecurityARMOUR | ₹32 Cr | — | — | — | 17.4% | — | — | — |
Radiant Cash Management Services LimitedRADIANTCMS | ₹419 Cr | 13.36 | 7.12 | 1.8% | 12.5% | 10.0% | 14.0% | -34.1% |
Kalind LtdKALIND | ₹382 Cr | 0.18 | 8.31 | 29444.4% | 59.0% | 55.4% | 72.3% | -91.9% |
Majestic AutoMAJESAUT | ₹377 Cr | 3.85 | 4.85 | -45.0% | 167.0% | 15.7% | 18.6% | +4.9% |
Dev Accelerator LimitedDEVX | ₹340 Cr | 28.74 | 3.72 | — | 55.5% | 5.5% | 12.8% | — |
Mizzen VenturesMIZVEN | ₹94 Cr | 89.13 | 48.95 | — | 76.2% | 2.2% | 3.7% | -83.7% |
As of Mar 2026
Financials
Armour Security
: ARMOUR · Diversified Commercial Services
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Armour Security's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Armour Security India is a diversified commercial services provider specialising in armed guarding, manpower consultancy, and integrated facility management. The company offers end-to-end staffing solutions, including security personnel, facility staff, and electronic surveillance support across India.
Business Model
The company operates as a manpower-driven service provider, generating revenue through the deployment of security guards, facility management staff, and recruitment services. It leverages a service-based model to provide integrated security and operational support to its clients.
Growth Outlook
Growth is driven by the increasing demand for integrated facility management and professional security services within the Indian commercial sector. The company continues to focus on expanding its manpower-driven service offerings to capture a larger market share.
Key Risks
- Labour Cost Inflation. Rising minimum wage requirements and statutory compliance costs can significantly impact operating margins in a manpower-intensive business.
- Intense Market Competition. The private security and facility management sector is highly fragmented, leading to aggressive pricing competition from both organised and unorganised players.
- Regulatory Compliance. Changes in labour laws and private security agency licensing regulations could necessitate operational adjustments and increase administrative overheads.
- Client Concentration. Dependence on a limited number of large-scale contracts may expose the company to revenue volatility if key client relationships are terminated.
Start your research today
Unlock AI insights, financials, peers and live data on Armour Security and 5,000+ companies — free.
Peers · Diversified Commercial Services
As of Mar 2026