TAC Infosec Ltd
Incorporated in 2016, TAC Infosec
Ltd is a global cybersecurity company specializing in vulnerability management[1]
- Market Cap ₹ 1,137 Cr.
- Current Price ₹ 1,085
- High / Low ₹ 1,697 / 620
- Stock P/E 86.9
- 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 164 days to 51.7 days
Cons
- Stock is trading at 21.1 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: | 39% |
| 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 | -24 | 24 | 124 | 315 | 52 |
| ROCE % | 48% | 34% | 90% | 54% | 39% |
Documents
Announcements
-
Copy of Newspaper Publication
10 September 2025 - Notice of 9th AGM on Sept 30, 2025; Annual Report and e-voting dispatched Sept 8, 2025.
-
Shareholders meeting
10 September 2025 - AGM Sep 30, 2025: seek approvals for Rs500 Crore borrowings/investments, 1:1 bonus issue, authorised capital to Rs25 Crore.
-
Press Release
5 September 2025 - Board approved 1:1 bonus issue, authorised capital increase; AGM to seek approvals, record date later.
-
Bonus
5 September 2025 - Approved 1:1 bonus (10,479,600 shares); authorized capital increase to Rs.25 crore; AGM Sept 30, 2025.
-
Bonus
5 September 2025 - Board approved 1:1 bonus (10.48M shares), raise authorized capital to Rs25Cr; AGM Sept 30, 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.