Company Overview

Service Care Limited is an India-based integrated business services company that has established itself as a prominent player in the employment services sector. The company was originally incorporated as "Service Care Private Limited" on May 13, 2011, by the Registrar of Companies, Karnataka. Subsequently, it converted into a Public Limited Company, and its name was changed to "Service Care Limited" through a fresh Certificate of Incorporation dated April 18, 2023, at Bangalore, Karnataka. The Company was promoted initially by Mrs. Shany Jalal and Mr. Anil Kumar M to establish itself as a Globally Integrated Service Company.

The company operates through two primary business verticals that cater to diverse industry requirements: Workspace Administration Services and Workforce Administration Services. This dual approach allows Service Care to provide comprehensive solutions to clients across multiple sectors, including infrastructure, healthcare, FMCG, and facility management industries.

Business Model and Services

Service Care's business model revolves around providing end-to-end staffing and business process solutions to corporate clients. Its offerings are divided into Workforce Administration and Workspace Administration.

- Workforce Administration includes:

- Human Resources (HR) & Compliance Solutions

- Contract Staffing

- Recruitment Service

- Workspace Administration includes:

- Building Maintenance

- Traditional Services

- Hospitality Services

- Administrative Services

Under the Workforce Administration segment, the company provides comprehensive human resource solutions. Its services in HR & Compliance Solutions encompass Hiring Services, Payroll Management, Statutory & Compliance Management, Onboarding & Offboarding services, Central HR Service Desk, and Compensation Management. The contract staffing division offers specialized services, including Offshore Development Center, Project Solutions, Contractual & Temporary Staffing, Manpower Contract Staffing, Information Technology (IT) Contract Staffing, and IT Operation Center Staffing.

The Workspace Administration vertical focuses on facility management services, delivering professional services for facility management, including Hard Services, Soft Services, Guest House Management, and general Business Administrative Services for day-to-day upkeep and maintenance.

Financial Performance and Market Position

Service Care Limited demonstrates strong financial fundamentals with a consistent growth trajectory. The company has an operating revenue of Rs. 534.81 Cr on a trailing 12-month basis. It has shown remarkable growth momentum with an annual revenue growth of 22%, which is outstanding. The pre-tax margin of 2% needs improvement, while an ROE of 12% is considered good.

Recent financial highlights show significant year-over-year improvements. For FY2023, Service Care Limited experienced substantial growth in revenue, with a 38.35% increase. The company also saw a significant improvement in profitability, with a 176.43% increase in profit. The company's balance sheet strength is evident as it is debt-free and possesses a strong balance sheet, enabling it to report stable earnings growth across business cycles.

Based on the latest financial data available, in 2023, it reported revenue of ₹159.12 Cr and a net worth of ₹12.80 Cr. The company has also demonstrated strong balance sheet expansion, with its net worth soaring by an impressive increase of 99.41%.

Key Financial Metrics

- FY2023 Revenue: ₹159.12 Cr

- Net Worth (2023): ₹12.80 Cr (99.41% increase)

- Annual Revenue Growth: 22%

- Pre-tax Margin: 2%

- Return on Equity (ROE): 12%

- Trailing 12-Month Revenue: ₹534.81 Cr

- Profit Growth (FY2023): 176.43%

- Debt Status: Debt-free

Stock Performance and Valuation Metrics

As of the latest trading data (May 15, 2025), the market capitalization of Service Care Ltd (SERVICE) is ₹72.44 Cr. The stock trades on both NSE and BSE under the symbol SERVICE. The 52-week high for Service Care Ltd (SERVICE) is ₹101, and the 52-week low is ₹52.

Key valuation metrics reflect the company's market positioning. The P/E (price-to-earnings) ratio of Service Care Ltd (SERVICE) is 16.61. The P/B (price-to-book) ratio is 2.15. The company maintains a reasonable dividend policy with the current dividend yield of Service Care Ltd (SERVICE) at 0.79%.

Recent stock performance shows some volatility, with Service Care Ltd having given a return of -5.69% in the last 1 year. However, the company's strong fundamental performance suggests potential for recovery and growth.

Business Operations and Workforce

Service Care operates with a substantial workforce that reflects its position as a major staffing solutions provider. Service Care has a workforce of 5669 employees as of April 06, 2024. This large employee base enables the company to serve its diverse client portfolio across multiple industry verticals effectively.

The company's operations are geared towards providing integrated solutions that combine both workforce and workspace management services. This comprehensive approach differentiates Service Care from competitors who typically focus on either staffing or facility management exclusively.

Corporate Governance and Leadership

The company maintains strong corporate governance practices with experienced leadership. The Chairman and Managing Director of the company is Mrs. Shany Jalal. The board includes experienced directors who bring diverse expertise to guide the company's strategic direction.

Recent corporate developments show active board engagement.

- May 14, 2025: Board meeting noted director disclosures and confirmations as per regulatory compliance.

- May 14, 2025: Board meeting noted directors' interest disclosures and independent directors' declarations.

Industry Classification and Competitive Position

Service Care Ltd (SERVICE) belongs to the Industrials sector and the Employment Services sub-sector. Within this sector, the company has carved out a significant niche by offering integrated solutions that combine both workforce and workspace management services.

The employment services industry in India is experiencing robust growth driven by increasing corporate outsourcing trends, regulatory compliance requirements, and the need for specialized skills across various sectors. Service Care's positioning in high-growth areas such as healthcare, FMCG, and infrastructure development provides the company with access to expanding market opportunities.

From a technical standpoint, the stock is currently trading below its key moving averages and needs to surpass these levels to make any meaningful upward movement. However, the company's strong fundamental performance and debt-free status position it well for long-term growth as market conditions improve.