TAC Infosec Ltd
Incorporated in 2016, TAC Infosec
Ltd is a global cybersecurity company specializing in vulnerability management[1]
- Market Cap ₹ 1,007 Cr.
- Current Price ₹ 961
- High / Low ₹ 961 / 261
- Stock P/E 127
- Book Value ₹ 41.4
- Dividend Yield 0.00 %
- ROCE 54.6 %
- ROE 58.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 65.5%
Cons
- Stock is trading at 23.2 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 359 days.
- Working capital days have increased from 186 days to 366 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 | TTM | |
|---|---|---|---|---|---|---|
| 4.36 | 5.04 | 5.11 | 10.00 | 11.62 | 14.62 | |
| 3.72 | 4.25 | 4.09 | 4.71 | 5.09 | 7.13 | |
| Operating Profit | 0.64 | 0.79 | 1.02 | 5.29 | 6.53 | 7.49 |
| OPM % | 14.68% | 15.67% | 19.96% | 52.90% | 56.20% | 51.23% |
| 0.03 | 0.12 | 0.13 | 0.14 | 0.23 | 1.06 | |
| Interest | 0.02 | 0.02 | 0.10 | 0.09 | 0.16 | 0.19 |
| Depreciation | 0.05 | 0.04 | 0.19 | 0.25 | 0.25 | 0.25 |
| Profit before tax | 0.60 | 0.85 | 0.86 | 5.09 | 6.35 | 8.11 |
| Tax % | 28.33% | 28.24% | 29.07% | 0.39% | 0.16% | |
| 0.43 | 0.61 | 0.61 | 5.07 | 6.33 | 7.90 | |
| EPS in Rs | 9.56 | 13.56 | 13.56 | 112.67 | 8.27 | 9.09 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 118% |
| TTM: | 25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 65% |
| Last Year: | 58% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.45 | 0.45 | 0.45 | 0.45 | 7.65 | 10.48 |
| Reserves | 0.94 | 1.55 | 2.16 | 7.23 | 6.46 | 32.87 |
| 0.03 | 0.23 | 0.89 | 0.36 | 1.68 | 0.55 | |
| 0.88 | 1.81 | 1.46 | 1.74 | 1.87 | 3.78 | |
| Total Liabilities | 2.30 | 4.04 | 4.96 | 9.78 | 17.66 | 47.68 |
| 0.19 | 0.43 | 0.94 | 0.79 | 0.71 | 3.04 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 1.07 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.10 |
| 2.11 | 3.61 | 4.02 | 8.99 | 15.87 | 44.54 | |
| Total Assets | 2.30 | 4.04 | 4.96 | 9.78 | 17.66 | 47.68 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 0.88 | 0.03 | 1.73 | -2.23 | ||
| -0.16 | -0.58 | 0.05 | -1.28 | ||
| 0.11 | 0.19 | -0.62 | 1.16 | ||
| Net Cash Flow | 0.83 | -0.36 | 1.15 | -2.35 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 34.32 | 77.49 | 140.71 | 159.50 | 358.72 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 34.32 | 77.49 | 140.71 | 159.50 | 358.72 |
| Working Capital Days | -1.67 | -18.83 | 62.14 | 131.04 | 365.94 |
| ROCE % | 47.67% | 33.51% | 89.77% | 54.64% |
Documents
Announcements
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Press Release
11 December 2024 - TAC Infosec Limited has informed regarding a press release dated December 11, 2024, titled "Press Release relating to TAC Security Becomes ioXt Authorized Lab, Expands …
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
7 December 2024 - TAC INFOSEC LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Cessation
7 December 2024 - TAC Infosec Limited has informed regarding Cessation of Mr Bharatkumar Amrutlal Panchal as Non- Executive Director of the company w.e.f. December 07, 2024.
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Outcome of Board Meeting
7 December 2024 - TAC Infosec Limited has informed regarding Board meeting held on December 07, 2024.
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Appointment
7 December 2024 - TAC Infosec Limited has informed regarding Appointment of Mr Chinmay Tikendrakumar Chokshi as Company Secretary & Compliance Officer of the company w.e.f. December 07, 2024.
Annual reports
Concalls
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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.