TAC Infosec Ltd
Incorporated in 2016, TAC Infosec
Ltd is a global cybersecurity company specializing in vulnerability management[1]
- Market Cap ₹ 799 Cr.
- Current Price ₹ 380
- High / Low ₹ 900 / 347
- Stock P/E 159
- Book Value ₹ 29.7
- Dividend Yield 0.00 %
- ROCE 12.2 %
- ROE 8.35 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.4%
Cons
- Stock is trading at 13.1 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 324 days.
- Working capital days have increased from 264 days to 429 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
Information Technology Information Technology IT - Software Computers - Software & Consulting
Part of Nifty SME Emerge
Quarterly 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 4.36 | 5.04 | 5.11 | 10.00 | 11.70 | 23.49 | 20.01 | |
| 3.72 | 4.25 | 4.09 | 4.64 | 5.08 | 11.00 | 13.77 | |
| Operating Profit | 0.64 | 0.79 | 1.02 | 5.36 | 6.62 | 12.49 | 6.24 |
| OPM % | 14.68% | 15.67% | 19.96% | 53.60% | 56.58% | 53.17% | 31.18% |
| 0.03 | 0.12 | 0.13 | 0.10 | 0.14 | 1.70 | 1.59 | |
| Interest | 0.02 | 0.02 | 0.10 | 0.09 | 0.16 | 0.37 | 0.27 |
| Depreciation | 0.05 | 0.04 | 0.19 | 0.25 | 0.25 | 0.27 | 0.61 |
| Profit before tax | 0.60 | 0.85 | 0.86 | 5.12 | 6.35 | 13.55 | 6.95 |
| Tax % | 28.33% | 28.24% | 29.07% | 0.00% | 0.16% | 3.39% | 30.07% |
| 0.43 | 0.61 | 0.61 | 5.13 | 6.33 | 13.09 | 4.86 | |
| EPS in Rs | 0.28 | 0.40 | 0.40 | 3.35 | 4.14 | 6.23 | 2.31 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 26% |
| TTM: | -15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | -2% |
| TTM: | -63% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -48% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 23% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.45 | 0.45 | 0.45 | 0.45 | 7.65 | 10.48 | 21.03 |
| Reserves | 0.94 | 1.55 | 2.16 | 7.33 | 6.46 | 43.45 | 41.42 |
| 0.03 | 0.23 | 0.89 | 0.36 | 1.68 | 1.47 | 0.81 | |
| 0.88 | 1.81 | 1.46 | 2.29 | 1.87 | 10.42 | 1.36 | |
| Total Liabilities | 2.30 | 4.04 | 4.96 | 10.43 | 17.66 | 65.82 | 64.62 |
| 0.19 | 0.43 | 0.94 | 0.79 | 0.71 | 0.96 | 6.96 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 1.07 | 4.82 | 5.73 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 11.86 | 10.98 |
| 2.11 | 3.61 | 4.02 | 9.64 | 15.87 | 48.18 | 40.95 | |
| Total Assets | 2.30 | 4.04 | 4.96 | 10.43 | 17.66 | 65.82 | 64.62 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 0.88 | 0.03 | 1.57 | -2.27 | 10.27 | -0.61 | ||
| -0.16 | -0.58 | 0.05 | -1.24 | -35.12 | 1.83 | ||
| 0.11 | 0.19 | -0.47 | 1.16 | 25.18 | -0.98 | ||
| Net Cash Flow | 0.83 | -0.36 | 1.15 | -2.35 | 0.34 | 0.25 | |
| Free Cash Flow | 0.60 | -0.68 | 1.47 | -2.44 | 9.86 | -2.40 | |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 141% | 27% | 46% | -19% | 92% | 33% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 34.32 | 77.49 | 140.71 | 159.50 | 356.26 | 210.55 | 323.96 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 34.32 | 77.49 | 140.71 | 159.50 | 356.26 | 210.55 | 323.96 |
| Working Capital Days | -1.67 | -23.90 | 23.57 | 124.10 | 309.78 | 53.14 | 429.03 |
| ROCE % | 47.67% | 33.51% | 89.52% | 54.41% | 38.80% | 12.17% |
Insights
In beta| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Total Client Base (Cumulative Customers) count |
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| Countries Served (Customer Reach) count |
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| Number of ESOF Suite Products count |
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| Operating Countries (TAC's Operational Footprint) count |
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| Total Headcount (Permanent Employees) count |
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| CyberScope: Smart Contract Audits Completed (Cumulative) count |
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| Revenue per Client (ARPU) USD per client |
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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
- TAC Infosec published postal ballot notice in Financial Express and Jansatta on 09/10/2026.
-
General Updates
- MCA approved TAC Safehouse Limited, a wholly owned B2C cybersecurity subsidiary, on October 7, 2026.
-
Shareholders meeting
- Postal ballot seeks approval for ESOP 2026, subsidiary transfer, and related party transaction; voting runs 12 Oct-10 Nov 2026.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended September 30, 2026.
-
Shareholders meeting
- TAC Infosec's 10th AGM resolutions passed on September 30, 2026; voting results filed under Regulation 44(3).
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
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Annual Report 2024
from nse
Concalls
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Jul 2026Transcript
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Jul 2026Transcript
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Jul 2026Transcript PPT
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May 2026Transcript PPT REC
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Nov 2025Transcript PPT
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May 2025Transcript REC
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Feb 2025Transcript PPT
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Aug 2024PPT
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.