TAC Infosec Ltd
Incorporated in 2016, TAC Infosec
Ltd is a global cybersecurity company specializing in vulnerability management[1]
- Market Cap ₹ 959 Cr.
- Current Price ₹ 916
- High / Low ₹ 1,697 / 500
- Stock P/E 73.3
- Book Value ₹ 51.5
- Dividend Yield 0.00 %
- ROCE 39.1 %
- ROE 38.5 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 98.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 48.9%
- Company's working capital requirements have reduced from 191 days to 75.4 days
Cons
- Stock is trading at 17.2 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 | |
|---|---|---|---|---|---|---|
| 4 | 5 | 5 | 10 | 12 | 23 | |
| 4 | 4 | 4 | 5 | 5 | 11 | |
| Operating Profit | 1 | 1 | 1 | 5 | 7 | 12 |
| OPM % | 15% | 16% | 20% | 54% | 56% | 53% |
| 0 | 0 | 0 | 0 | 0 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 1 | 5 | 6 | 14 |
| Tax % | 28% | 28% | 29% | 0% | 0% | 3% |
| 0 | 1 | 1 | 5 | 6 | 13 | |
| EPS in Rs | 9.56 | 13.56 | 13.56 | 114.00 | 8.27 | 12.49 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 66% |
| TTM: | 102% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 98% |
| 3 Years: | 178% |
| TTM: | 107% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 73% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 48% |
| 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 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.45 | 0.45 | 0.45 | 0.45 | 8 | 10 |
| Reserves | 1 | 2 | 2 | 7 | 6 | 43 |
| 0 | 0 | 1 | 0 | 2 | 2 | |
| 1 | 2 | 1 | 2 | 2 | 10 | |
| Total Liabilities | 2 | 4 | 5 | 10 | 18 | 66 |
| 0 | 0 | 1 | 1 | 1 | 6 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 12 |
| 2 | 4 | 4 | 10 | 16 | 48 | |
| Total Assets | 2 | 4 | 5 | 10 | 18 | 66 |
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 | 359 | 211 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 34 | 77 | 141 | 160 | 359 | 211 |
| Working Capital Days | -2 | -19 | 62 | 131 | 366 | 75 |
| ROCE % | 48% | 34% | 90% | 54% | 39% |
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
17 July 2025 - Video recording of TAC Infosec investor call held on July 16, 2025 shared.
-
Incorporation-XBRL
17 July 2025 - TAC INFOSEC LIMITED has informed regarding Incorporation
-
Incorporation
17 July 2025 - TAC Infosec forms 100% owned Canadian step-down subsidiary to expand North America operations.
-
Analysts/Institutional Investor Meet/Con. Call Updates
15 July 2025 - TAC Infosec schedules virtual analyst meeting with Motilal Oswal on July 15, 2025.
-
General Updates
15 July 2025 - Link shared for upcoming TAC Infosec analyst and investor meeting on July 15, 2025.
Annual reports
Concalls
-
May 2025TranscriptPPTREC
-
Feb 2025Transcript PPT
-
Aug 2024TranscriptNotesPPT
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.