TAC Infosec Ltd
Incorporated in 2016, TAC Infosec
Ltd is a global cybersecurity company specializing in vulnerability management[1]
- Market Cap ₹ 1,163 Cr.
- Current Price ₹ 1,110
- High / Low ₹ 1,697 / 500
- Stock P/E 88.9
- 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 22.1 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: | 114% |
| 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
-
Updates
2 June 2025 - CEO waives ₹1.5 Cr salary for FY26, bonus linked to performance targets.
-
Committee Meeting Updates
2 June 2025 - Grant of 2,000 ESOPs at Rs.10 each to employees under TAC Employee Stock Option Scheme-2024.
-
Structural Digital Database
29 May 2025 - Compliance certificate filed for Structured Digital Database for FY ended March 31, 2025, with minor past delay.
-
General Updates
27 May 2025 - CEO Trishneet Arora named among India's Top 50 CEOs by Great Manager Institute.
-
Analysts/Institutional Investor Meet/Con. Call Updates
21 May 2025 - TAC Infosec reports 160% revenue growth, 6,000 customers, key acquisitions, aims 10,000 customers by 2026.
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.