Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹812 Cr.
Stock P/E
54.8
P/B
8.9
Current Price
₹386.4
Book Value
₹ 43.5
Face Value
10
52W High
₹899.7
52W Low
₹ 347.4
Dividend Yield
0%

TAC Infosec Overview

Business

TAC Infosec Ltd. is an Indian cybersecurity company specializing in risk and vulnerability management. Its core business revolves around providing comprehensive cybersecurity solutions to enterprises, governments, and small businesses. The company offers a range of services including vulnerability assessment, penetration testing, security auditing, cyber risk quantification, and compliance services. TAC Infosec also offers its proprietary platform, "ESM (Enterprise Security in One)," which is a vulnerability management platform designed to help organizations identify, assess, and mitigate cyber risks across their IT infrastructure. The company makes money through service fees for its consulting and managed security services, as well as licensing and subscription fees for its proprietary software platform.

Revenue Mix

While specific revenue contribution percentages are not publicly detailed, TAC Infosec's business generally comprises:

Vulnerability Management and Penetration Testing (VAPT): A significant portion of revenue comes from conducting regular security assessments to identify weaknesses in client systems and applications.

Cyber Security Consulting & Advisory: Providing expert advice on security strategy, risk management, and compliance.

Managed Security Services (MSS): Offering ongoing monitoring, incident response, and security operations management, often leveraging their ESM platform for continuous vulnerability assessment.

Proprietary Platform Sales/Licensing: Revenue generated from the subscription or licensing of their ESM platform to clients for in-house security management.

Industry

TAC Infosec operates within the rapidly growing global and Indian cybersecurity market. The industry is characterized by increasing digital transformation, sophisticated cyber threats, and evolving regulatory landscapes, leading to significant demand for security solutions. The market is fragmented, with global giants offering broad portfolios, niche specialists, and many regional players. TAC Infosec positions itself as a specialist in vulnerability management and risk quantification, offering an integrated platform and services. Being an Indian company, it has a strong focus on catering to the cybersecurity needs of Indian enterprises and government bodies, competing with both larger global cybersecurity firms and other domestic players in specific service niches.

MOAT

TAC Infosec's competitive advantages are likely to include:

Specialized Expertise: A focused approach on vulnerability management, risk assessment, and quantification builds deep domain expertise, which can be difficult for generalist firms to replicate quickly.

Proprietary Platform (ESM): The development and continuous improvement of their "ESM" platform can create some switching costs for clients who integrate it deeply into their security operations.

Client Trust and Relationships: In cybersecurity, trust is paramount. Building long-term relationships with clients, especially in sensitive areas like risk management, fosters loyalty and recurring business.

Foundational Brand/Leadership: The company's founder, Trishneet Arora, has a notable profile in the Indian cybersecurity space, which can lend credibility and act as a brand ambassador, aiding in client acquisition and talent attraction.

Growth Drivers

Escalating Cyber Threats: The increasing volume and sophistication of cyberattacks drive demand for robust security solutions.

Digital Transformation & Cloud Adoption: Rapid digitalization across industries and the shift to cloud infrastructure expand the attack surface, necessitating enhanced cybersecurity measures.

Regulatory Compliance: Stricter data protection laws (e.g., India's DPDP Act) and industry-specific regulations compel organizations to invest in compliance and risk management.

Market Penetration: Expanding client base within India, especially targeting mid-sized and large enterprises, and government agencies.

Service & Product Innovation: Developing new service offerings, enhancing the ESM platform, and potentially expanding into adjacent cybersecurity domains.

Risks

Intense Competition: The cybersecurity market is highly competitive, with both global players and numerous domestic firms vying for market share, potentially leading to pricing pressure.

Talent Scarcity: A shortage of skilled cybersecurity professionals could hinder growth, increase operational costs, and impact service delivery quality.

Rapid Technological Evolution: The cybersecurity landscape changes constantly, requiring continuous investment in R&D and skill upgrades to keep services and products relevant.

Client Concentration: Dependence on a few large clients could pose a risk if those contracts are not renewed or are significantly reduced.

Reputational Damage: A high-profile security breach at a client (even if not directly attributable to TAC Infosec) or any service failure could severely impact the company's reputation and client trust.

Economic Downturn: Corporate IT security spending can be sensitive to economic cycles, potentially impacting revenue growth during slowdowns.

Management & Ownership

TAC Infosec Ltd. is a promoter-led company. It was founded by Trishneet Arora, who also serves as the Chief Executive Officer. Mr. Arora is a recognized figure in the Indian cybersecurity domain. The management team likely comprises experienced professionals in cybersecurity, business development, and technology. As a publicly listed company (on NSE Emerge), its ownership structure includes the promoter group holding a significant stake, along with public shareholders who invested during and after its IPO.

Outlook

TAC Infosec operates in a secular growth industry driven by increasing digitalization and an evolving threat landscape. The demand for specialized cybersecurity services, particularly in vulnerability and risk management, is strong. The company's focus on a proprietary platform (ESM) provides potential for recurring revenue and improved scalability. However, TAC Infosec faces stiff competition from larger, more established players and other specialized firms. Its ability to continuously innovate, attract and retain top cybersecurity talent, and effectively scale its operations while managing costs will be critical. The company's growth trajectory will depend on its execution prowess in a dynamic and highly competitive market.

TAC Infosec Share Price

Live · NSE · Inception: 2016
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

TAC Infosec Quarterly Results

#(Fig in Cr.) Jun 2025 Jun 2026
Net Sales 10 20
Other Income 0 0
Total Income 10 20
Total Expenditure 5 10
Operating Profit 5 10
Interest 0 0
Depreciation 1 1
Exceptional Income / Expenses 0 0
Profit Before Tax 4 9
Provision for Tax 1 1
Profit After Tax 3 8
Adjustments -1 -0
Profit After Adjustments 3 8
Adjusted Earnings Per Share 0.7 3.7

TAC Infosec Profit & Loss

#(Fig in Cr.) Mar 2024 Mar 2025 TTM
Net Sales 12 30 30
Other Income 0 2 0
Total Income 12 32 30
Total Expenditure 5 15 15
Operating Profit 7 17 15
Interest 0 0 0
Depreciation 0 1 2
Exceptional Income / Expenses 0 0 0
Profit Before Tax 6 16 13
Provision for Tax 0 1 2
Profit After Tax 6 15 11
Adjustments 0 -0 -1
Profit After Adjustments 6 14 11
Adjusted Earnings Per Share 4.1 6.9 4.4

TAC Infosec Balance Sheet

#(Fig in Cr.) Mar 2024 Mar 2025
Shareholder's Funds 14 55
Minority's Interest 0 1
Borrowings 0 0
Other Non-Current Liabilities 0 0
Total Current Liabilities 3 15
Total Liabilities 18 71
Fixed Assets 1 12
Other Non-Current Assets 3 10
Total Current Assets 14 49
Total Assets 18 71

TAC Infosec Cash Flow

#(Fig in Cr.) Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 1
Cash Flow from Operating Activities -2 19
Cash Flow from Investing Activities -1 -40
Cash Flow from Financing Activities 1 25
Net Cash Inflow / Outflow -2 5
Closing Cash & Cash Equivalent 1 6

TAC Infosec Ratios

# Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.14 6.87
CEPS(Rs) 4.3 7.48
DPS(Rs) 0 0
Book NAV/Share(Rs) 9.23 25.88
Core EBITDA Margin(%) 56.56 50.27
EBIT Margin(%) 55.66 53.05
Pre Tax Margin(%) 54.27 51.76
PAT Margin (%) 54.1 48.62
Cash Profit Margin (%) 56.23 51.42
ROA(%) 35.76 33.31
ROE(%) 44.81 43.38
ROCE(%) 41.21 44.59
Receivable days 356.1 127.71
Inventory Days 0 0
Payable days 0 0
PER(x) 0 96.71
Price/Book(x) 0 25.69
Dividend Yield(%) 0 0
EV/Net Sales(x) 0.75 44.63
EV/Core EBITDA(x) 1.29 79.91
Net Sales Growth(%) 0 160.61
EBIT Growth(%) 0 148.42
PAT Growth(%) 0 134.24
EPS Growth(%) 0 66.13
Debt/Equity(x) 0.12 0.03
Current Ratio(x) 3.99 3.29
Quick Ratio(x) 3.99 3.29
Interest Cover(x) 40.08 41.04
Total Debt/Mcap(x) 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +150% — — —
Operating Profit CAGR +143% — — —
PAT CAGR +150% — — —
Share Price CAGR -29% — — —
ROE Average +43% +44% +44% +44%
ROCE Average +45% +43% +43% +43%

TAC Infosec Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 56.66 %
FII 0.04 %
DII (MF + Insurance) 0 %
Public (retail) 43.3 %
# Sep 2024 Mar 2025 Sep 2025 Mar 2026
Promoter 56.9456.9456.9656.66
FII 3.783.570.060.04
DII 0000
Public 39.2839.4942.9843.3
Others 0000
Total 100100100100

TAC Infosec Peer Comparison

Business Support Edit Columns

TAC Infosec Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

TAC Infosec Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 44%
  • Company is almost debt free.

Cons

  • Stock is trading at 8.9 times its book value.
Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

whatsapp