TAC Infosec Ltd
Incorporated in 2016, TAC Infosec
Ltd is a global cybersecurity company specializing in vulnerability management[1]
- Market Cap ₹ 1,227 Cr.
- Current Price ₹ 1,171
- High / Low ₹ 1,697 / 373
- Stock P/E 93.7
- Book Value ₹ 51.5
- Dividend Yield 0.00 %
- ROCE 88.2 %
- ROE 92.8 %
- 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 81.2%
- Debtor days have improved from 232 to 177 days.
Cons
- Stock is trading at 22.8 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 177 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.
Peer comparison
Sector: IT - Software Industry: Computers - Software - Medium / Small
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: | 105% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 75% |
| 3 Years: | 81% |
| Last Year: | 93% |
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 | |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 34 | 77 | 141 | 160 | 359 | |
| Working Capital Days | -2 | -19 | 62 | 131 | 366 | |
| ROCE % | 48% | 34% | 90% | 54% |
Documents
Announcements
-
Press Release
28 April 2025 - TAC InfoSec reports 160% revenue and 134% profit growth with key acquisitions and global expansion in FY 24-25.
-
Statement of deviation(s) or variation(s) under Reg. 32
28 April 2025 - No deviation in utilization of Rs.29.99 Cr IPO funds for half year ended March 31, 2025.
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Outcome of Board Meeting
28 April 2025 - TAC Infosec reports audited FY25 standalone and consolidated results with 157.9 Mn INR profit, unmodified audit opinion.
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General Updates
28 April 2025 - No deviation in utilization of Rs.29.99 Cr IPO funds; mostly unutilized and lying in fixed deposits.
-
Board Meeting Intimation
27 April 2025 - TAC INFOSEC LIMITED has informed about Board Meeting to be held on 28-Apr-2025 to consider and approve the Yearly Audited Financial results of the Company …
Annual reports
Concalls
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Feb 2025Transcript PPT
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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.