TAC Infosec Ltd
Incorporated in 2016, TAC Infosec
Ltd is a global cybersecurity company specializing in vulnerability management[1]
- Market Cap ₹ 882 Cr.
- Current Price ₹ 419
- High / Low ₹ 900 / 352
- Stock P/E 70.4
- 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 15.4 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: | -34% |
| 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% |
Insights
In beta| Mar 2024 | Mar 2025 | Mar 2026 (P) | |
|---|---|---|---|
| Number of Clients Number |
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| Employee Strength Number |
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| Smart Contract Audits (CyberScope) Number |
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| Revenue Per Client USD |
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| Socify Base Price USD |
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Documents
Announcements
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Press Release
26 March 2026 - TAC Security won 'IT/ITES Service Provider of the Year' at ET Entrepreneur Awards 2026 in Mumbai.
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Analysts/Institutional Investor Meet/Con. Call Updates
26 March 2026 - Virtual analyst/investor call Mar 31, 2026 5:00 PM IST discussing 10,000 client acquisitions milestone.
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Press Release
25 March 2026 - Cyberscope partners with TON to provide smart contract audits, protocol security and developer support, expanding Web3 revenue pipeline.
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General Updates
15 March 2026 - ₹1 Crore ESOF license order from confidential Govt of India data center; revenue recognized Mar 2026–Mar 2027; 40% margin.
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General Updates
12 March 2026 - Board approved immediate termination of SCS & Co LLP on March 12, 2026 due to misconduct/malpractice.
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.