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TechD Cybersecurity Ltd (TECHD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: TECHD IT - Software | Small Cap | TechD Cybersecurity Share Price

BSE Share Price
Not Listed

TechD Cybersecurity Ltd (TECHD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: TECHD IT - Software | Small Cap | TechD Cybersecurity Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹458 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹18.8
TTM Sales
₹51.8 Cr.
Book Value per Share
₹96
P/E Ratio
32.66
Lower than its 5-year historical median
Industry PE
21.5
Price to Book (P/B)
6.38
Lower than its 5-year historical median
Price to Sales (P/S)
8.85
Lower than its 5-year historical median
EV/EBITDA
22.29
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
62.33%
Outperforms industry median
Return on Capital Employed (ROCE)
81.50%
Outperforms industry median
Return on Assets (ROA)
43.97%
Operating Profit Margin
39.8%
Net Profit Margin
28.18%
Gross Profit Margin
39.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
97.74%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
154.72%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
159.26%
Asset Quality
Promoter Holding
63.24%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹64 Cr.
Equity
₹7.5 Cr.
Face Value
₹10
All Time Low / High
- / -

TechD Cybersecurity stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is TechD Cybersecurity Ltd a good quality company?
TechD Cybersecurity Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does TechD Cybersecurity Ltd performance compare with that of its Peers?
Q.1 Revenue growth of TechD Cybersecurity Ltd vs industry peers?
TechD Cybersecurity Ltd revenue CAGR is 131.56%, compared to the industry median CAGR of 9.84%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of TechD Cybersecurity Ltd?
Promoters hold 63.24% of the TechD Cybersecurity Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of TechD Cybersecurity Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
TechD Cybersecurity Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 70.3%68.6%98%81.5%-
Value Creation
Index
4.03.96.04.8-

Growth Parameters

Sales 2.47.615.129.852
Sales YoY Gr.-215%99.3%97.7%-
Adj EPS 0.726.815.418.8
YoY Gr.-187%245%124.9%-
BVPS (₹) 1.33.310.140.696
Adj Net
Profit
0.30.93.28.414
Cash Flow from Ops. 0.70-1.2-2.4-
Debt/CF from Ops. 0152.4-1.6-0.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA131.6%97.7%
Adj EPS NANA181.3%124.9%
BVPSNANA214.8%301.1%
Share Price - - - -

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
52.786.2101.962.227.5
Op. Profit
Mgn %
18.717.93139.8NAN
Net Profit
Mgn %
13.612.421.528.127.1
Debt to
Equity
01.10.40-
Working Cap
Days
062781350
Cash Conv.
Cycle
0-100-39180

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales281530
Operating Expenses > + 261018
Manufacturing Costs0011
Material Costs0000
Employee Cost 1257
Other Costs > 14510
Operating Profit > 01512
Operating Profit Margin (%) 18.7%17.9%31.0%39.8%
Other Income > + 0000
Exceptional Items > 0000
Interest > 0000
Depreciation > 0000
Profit Before Tax > 01411
Tax > 0013
Profit After Tax 0138
PAT Margin (%) 13.6%12.5%21.5%28.2%
Adjusted EPS (₹)0.72.06.815.4
Dividend Payout Ratio (%)0%0%0%0%

Valuation of TechD Cybersecurity - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 12522
Share Capital 0005
Reserves 12517
Debt +0100
Long Term Debt0100
Short Term Debt0000
Minority Interest0000
Trade Payables0213
Others Liabilities 1234
Total Liabilities 27929

Fixed Assets

Net Fixed Assets +0003
Gross Block0114
Accumulated Depreciation0001
CWIP 0000
Investments 0000
Inventories0000
Trade Receivables11213
Cash Equivalents flag 1549
Others Assets 0134
Total Assets 27929

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 10-1-2
PBT 01411
Adjustment 0011
Changes in Working Capital 0-1-5-13
Tax Paid -0-0-1-2
Cash Flow From Investing Activity + -0-0-0-3
Capex -0-0-0-3
Net Investments 0000
Others 0000
Cash Flow From Financing Activity + 02-07
Net Proceeds from Shares 0009
Net Proceeds from Borrowing 00-1-0
Interest Paid -0-0-0-0
Dividend Paid 0000
Others 021-1
Net Cash Flow 11-12

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)52.6486.35101.8962.33
ROCE (%)70.2868.6297.9681.5
Asset Turnover Ratio1.231.691.871.56
PAT to CFO Conversion(x)N/A0-0.33-0.25
Working Capital Days
Receivable Days14941.4034.7090
Inventory Days0000
Payable Days0000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

TechD Cybersecurity Ltd FAQs

The current trading price of TechD Cybersecurity on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of TechD Cybersecurity stood at ₹458.4 Cr

The latest P/E ratio of TechD Cybersecurity as of 31-Dec-1969 is 32.66.

The latest P/B ratio of TechD Cybersecurity as of 31-Dec-1969 is 6.38.

The 52-week high of TechD Cybersecurity is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TechD Cybersecurity is ₹51.81 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that TechD Cybersecurity Ltd is a below average quality company.

The key valuation ratios of TechD Cybersecurity Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of TechD Cybersecurity Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About TechD Cybersecurity Ltd

TechD Cybersecurity Limited was originally incorporated as ‘Techdefence Labs Solutions Private Limited’ a private limited company on January 19, 2017. Further, the company was converted from a private limited company to public limited company pursuant to special resolution passed in the Extra-Ordinary General Meeting of the company dated October 05, 2024 and consequently, the name of the company was changed from ‘Techdefence Labs Solutions Private Limited’ to ‘Techdefence Labs Solutions Limited’. Furthermore, the name of the company was changed from ‘Techdefence Labs Solutions Limited’ to ‘TechD Cybersecurity Limited’ pursuant to a special resolution passed by the shareholders of the company on July 16, 2025.

The company is a customer-centric cybersecurity solutions provider delivering end-to-end services to enterprises to help businesses stay secure in the digital world. It offers a comprehensive range of services, including Managed Security Services Provider (MSSP) solutions, Cyber Program Managed Services, Vulnerability Assessment and Penetration Testing (VAPT), Compliance Services, Specialised Services and Staff Augmentation Services tailored to meet diverse client needs. Through its services, the company empowers organizations to protect their critical data, prevent cyber threats, and ensure smooth business operations. Its solutions are designed to eliminate data privacy risks, safeguarding businesses from unauthorized access and security breaches.

As a CERT-In empanelled organization, it upholds the highest cybersecurity standards, serving clients across BFSI, NBFCs, Manufacturing, Healthcare, Aviation, Government Institutions and many more. With a presence in both domestic and international markets, it caters to enterprises across industries, ensuring effective cybersecurity frameworks for businesses worldwide. As an ISO 27001 certified and CERT-In empanelled organization, the company has a well-defined Cyber Risk Management process in place and maintains a regularly updated Risk Register to track, assess, and mitigate cybersecurity risks effectively. The driving force behind the company is its founders and Promoters, Sunny Vaghela and Piyush Rasiklal Vaghela. Sunny Vaghela is a recognized expert in the field of cybersecurity and has over a decade of expertise in cybersecurity, digital forensics, and threat mitigation.

Business area of the company

The company is engaged in providing Information Security solutions, audit and compliance services with a focus on Cyber Security. Its operations encompass the development, management, and security of computer software and websites. It offers a comprehensive suite of cyber security services, including vulnerability assessment, penetration testing, cybercrime consulting, and IT security solutions. In addition, it conducts training, research, and awareness programs in the areas of cyber law, security, and related emerging technologies.

Services of the company

Services: It offers a range of cybersecurity services tailored to meet the specific security, compliance, and operational needs of its clients -

  • Vulnerability Assessment and Penetration Testing (VAPT)
  • Security Operations Center (SOC)
  • Compliance Services
  • Specialized Services
  • Staff Augmentation
  • MSSP Services
  • Cyber Program Managed Services

Trainings: The company is also dedicated to building cybersecurity expertise through educational partnerships and corporate training -

  • University Partnerships 
  • Corporate Training Programs

Awards, accreditations and recognition 

  • 2018: The company was awarded of Best Cyber Security Company by Indywood IT Excellent Awards.
  • 2018: The company was awarded as India’s Most Admired IT Security Company 2018 by Entrepreneur Council Of India and Cloud Security Alliance.

History and milestones

  • 2017: Incorporated as a Private Limited Company.
  • 2017: Secured Adani Ports as the first major customer within a month of incorporation. 
  • 2018: Expanded rapidly, reaching 50 customers by year-end.
  • 2019: Expanded service offerings by partnering with OEMs to provide cybersecurity solutions.
  • 2020: Started UG-PG Courses with Universities.
  • 2021: Established OEM Partnership with Securonix Inc.
  • 2021: Started 247365 Security Operation Center (SOC).
  • 2022: Achieved CERT-In empanelment, enhancing credibility in cybersecurity.
  • 2022: Zensar Technologies (an RPG Group subsidiary) joined the company’s client portfolio.
  • 2022: Surpassed 150+ clients.
  • 2022: Established OEM Partnership with Seecon Inc.
  • 2023: Achieved ISO 27001 certification.
  • 2024: Achieved ISO 9001 certification.
  • 2024: Surpassed 370+ clients.
  • 2025: The company has signed MoU with Three Russian Companies to enter into strategic collaboration on cyber security services, cyber security training and Technology support services.
  • 2025: The company has signed up its 2 New Educational MOU’s with Universities.
  • 2025: The company has started onboarding new customer from Global territory Africa.
  • 2025: The company has onboarded notable customers from BFSI/SEBI/Media& Telecommunication.
  • 2025: Name of the company change from ‘Techdefence Labs Solutions Limited’ to ‘TechD Cybersecurity Limited’.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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