TechD Cybersecurity Ltd
Established in January 2017, TechDefence Labs Solutions Limited is a cybersecurity firm specializing in safeguarding digital assets for organizations worldwide.[1]
- Market Cap ₹ 502 Cr.
- Current Price ₹ 672
- High / Low ₹ 844 / 367
- Stock P/E 53.2
- Book Value ₹ 85.9
- Dividend Yield 0.00 %
- ROCE 81.5 %
- ROE 62.4 %
- 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 70.9%
Cons
- Stock is trading at 7.82 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 154 days.
- Working capital days have increased from 1.19 days to 123 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 - Services IT Enabled Services
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 1 | 2 | 8 | 15 | 30 | 35 | |
| 1 | 2 | 6 | 10 | 18 | 22 | |
| Operating Profit | 0 | 0 | 1 | 5 | 12 | 13 |
| OPM % | 4% | 18% | 18% | 31% | 40% | 38% |
| 0 | 0 | 0 | 0 | 0 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 0 | 0 | 1 | 4 | 11 | 14 |
| Tax % | 100% | 26% | 25% | 26% | 26% | |
| 0 | 0 | 1 | 3 | 8 | 10 | |
| EPS in Rs | 0.00 | 330.00 | 940.00 | 3,240.00 | 15.39 | 16.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 132% |
| TTM: | 98% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 194% |
| TTM: | 159% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 71% |
| Last Year: | 62% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 5 | 7 |
| Reserves | 0 | 1 | 2 | 5 | 17 | 57 |
| 0 | 0 | 2 | 2 | 0 | 0 | |
| 0 | 1 | 4 | 3 | 7 | 9 | |
| Total Liabilities | 1 | 2 | 7 | 9 | 29 | 73 |
| 0 | 0 | 0 | 0 | 3 | 3 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 2 | 7 | 9 | 26 | 70 | |
| Total Assets | 1 | 2 | 7 | 9 | 29 | 73 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 1 | 0 | -1 | -2 | ||
| -0 | -0 | -0 | -3 | ||
| 0 | 2 | -0 | 7 | ||
| Net Cash Flow | 1 | 1 | -1 | 2 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 139 | 149 | 35 | 52 | 154 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 139 | 149 | 35 | 52 | 154 |
| Working Capital Days | 53 | -50 | -147 | 27 | 123 |
| ROCE % | 96% | 68% | 98% | 81% |
Documents
Announcements
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Press Release
9 December 2025 - Groundbreaking Dec 6 for 60,000 sq.ft Techdefence Cyber Valley in Ahmedabad, housing Global SOC and training academy.
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Bagging/Receiving of orders/contracts
3 December 2025 - One-year vulnerability management contract from leading SEBI-registered broker, Oct 1, 2025–Sep 30, 2026; value ₹0.54 Cr.
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Analysts/Institutional Investor Meet/Con. Call Updates
24 November 2025 - Earnings-call presentation (Nov 20, 2025): H1 FY26 revenue ₹18.18Cr, PAT ₹6.36Cr, 41% revenue growth.
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Analysts/Institutional Investor Meet/Con. Call Updates
24 November 2025 - H1 FY26: Revenue Rs18.18 Cr, EBITDA Rs8.50 Cr, 41% YoY growth; Rs40 Cr order book.
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Analysts/Institutional Investor Meet/Con. Call Updates
24 November 2025 - Link to audio/video recording of Nov 20, 2025 earnings call for H1 FY2025–26 made available.
Concalls
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Nov 2025Transcript PPT REC
Business Profile[1]
The company is a CERT-In empanelled, ISO 27001-certified cybersecurity solutions provider, offering end-to-end services and training to domestic and international clients across BFSI, NBFCs, manufacturing, healthcare, aviation, IT/ITES, education, and government sectors.