TAC Infosec Ltd
Incorporated in 2016, TAC Infosec
Ltd is a global cybersecurity company specializing in vulnerability management[1]
- Market Cap ₹ 1,685 Cr.
- Current Price ₹ 804
- High / Low ₹ 900 / 410
- Stock P/E 135
- 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 29.4 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: | 59% |
| 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
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Analysts/Institutional Investor Meet/Con. Call Updates
10 December 2025 - TAC Infosec virtual analyst call Dec 15, 2025 to discuss CyberScope Web3 Security Inc proposed US SEC listing.
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Updates
9 December 2025 - TAC InfoSec subsidiary Cyberscope Web3 Security reserved Nasdaq ticker 'CYSC' on Dec 9, 2025.
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Updates
8 December 2025 - CyberScope Web3 Security Inc. publicly filed Form F-1 with SEC on Dec 5, 2025 (confidential filing Aug 19).
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Updates
28 November 2025 - Cyberscope (TAC subsidiary) partners with 4EVERLAND for audits, KYC and pentesting; no immediate material impact.
-
Committee Meeting Updates
27 November 2025 - Allotment of 67,040 ESOP shares on Nov 26, 2025; paid-up capital increased to Rs.21,02,62,400.
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.