TAC Infosec Ltd
Incorporated in 2016, TAC Infosec
Ltd is a global cybersecurity company specializing in vulnerability management[1]
- Market Cap ₹ 1,089 Cr.
- Current Price ₹ 518
- High / Low ₹ 900 / 410
- Stock P/E 87.0
- Book Value ₹ 27.3
- Dividend Yield 0.00 %
- ROCE 38.8 %
- ROE 38.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 97.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 48.7%
- Company's working capital requirements have reduced from 162 days to 53.1 days
Cons
- Stock is trading at 18.5 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has high debtors of 211 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 4 | 5 | 5 | 10 | 12 | 23 | 25 | |
| 4 | 4 | 4 | 5 | 5 | 11 | 13 | |
| Operating Profit | 1 | 1 | 1 | 5 | 7 | 12 | 13 |
| OPM % | 15% | 16% | 20% | 54% | 57% | 53% | 50% |
| 0 | 0 | 0 | 0 | 0 | 2 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 1 | 5 | 6 | 14 | 14 |
| Tax % | 28% | 28% | 29% | -0% | 0% | 3% | |
| 0 | 1 | 1 | 5 | 6 | 13 | 13 | |
| EPS in Rs | 4.78 | 6.78 | 6.78 | 57.00 | 4.14 | 6.23 | 5.97 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 66% |
| TTM: | 72% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 98% |
| 3 Years: | 177% |
| TTM: | 58% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 49% |
| Last Year: | 38% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.45 | 0.45 | 0.45 | 0.45 | 8 | 10 | 10 |
| Reserves | 1 | 2 | 2 | 7 | 6 | 43 | 47 |
| 0 | 0 | 1 | 0 | 2 | 2 | 1 | |
| 1 | 2 | 1 | 2 | 2 | 10 | 2 | |
| Total Liabilities | 2 | 4 | 5 | 10 | 18 | 66 | 60 |
| 0 | 0 | 1 | 1 | 1 | 1 | 7 | |
| CWIP | -0 | -0 | -0 | -0 | 1 | 5 | -0 |
| Investments | -0 | -0 | -0 | -0 | 0 | 12 | 10 |
| 2 | 4 | 4 | 10 | 16 | 48 | 43 | |
| Total Assets | 2 | 4 | 5 | 10 | 18 | 66 | 60 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 1 | 0 | 2 | -2 | 10 | ||
| -0 | -1 | 0 | -1 | -35 | ||
| 0 | 0 | -0 | 1 | 25 | ||
| Net Cash Flow | 1 | -0 | 1 | -2 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 34 | 77 | 141 | 160 | 356 | 211 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 34 | 77 | 141 | 160 | 356 | 211 |
| Working Capital Days | -2 | -24 | 24 | 124 | 310 | 53 |
| ROCE % | 48% | 34% | 90% | 54% | 39% |
Documents
Announcements
-
Appointment
12 February 2026 - Appointed M/s SCS and Co. LLP as Secretarial Auditor for FY2025–26 on February 12, 2026.
-
Outcome of Board Meeting
12 February 2026 - Appointed M/s SCS & Co. LLP as secretarial auditors for FY2025–26 (appointed Feb 12, 2026).
-
Updates
6 February 2026 - TAC InfoSec opened Toronto headquarters for Socify on Feb 6, 2026 to expand North American operations.
-
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
4 February 2026 - NFAC order (03-Feb-2026) deletes Rs.5,03,31,263 80-IAC disallowance; no Rs.77,36,010 demand.
-
Press Release
3 February 2026 - Added 600+ clients in January; ~8,000 since Apr 2024; CyberScope filed F‑1 for US IPO.
Annual reports
Concalls
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Nov 2025Transcript PPT
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May 2025TranscriptPPTREC
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Feb 2025Transcript PPT
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Aug 2024TranscriptAI SummaryPPT
Business Overview:[1]
TACIL is in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification and services of Penetration testing to organizations of any scale, size, and business through SaaS model. It offers security software products and solutions in India and abroad.