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TAC Infosec Ltd (TAC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: TAC Business Support | Small Cap | TAC Infosec Share Price

BSE Share Price
Not Listed

TAC Infosec Ltd (TAC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: TAC Business Support | Small Cap | TAC Infosec Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹776 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹2.3
TTM Sales
₹20 Cr.
Book Value per Share
₹29.7
P/E Ratio
159.67
Higher than its 5-year historical median
Industry PE
23
Price to Book (P/B)
12.43
Lower than its 5-year historical median
Price to Sales (P/S)
38.78
Lower than its 5-year historical median
EV/EBITDA
95.59
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
39.06%
Outperforms industry median
Return on Capital Employed (ROCE)
39.11%
Outperforms industry median
Return on Assets (ROA)
31.38%
Operating Profit Margin
53.2%
Net Profit Margin
55.74%
Gross Profit Margin
58.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
100.77%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
88.82%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
106.79%
Asset Quality
Promoter Holding
56.66%
Pledged shares (%) of Promoter's holding (%)
18.06%
Reserves
₹41 Cr.
Equity
₹21 Cr.
Face Value
₹10
All Time Low / High
- / -

TAC Infosec 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 TAC Infosec Ltd a good quality company?
TAC Infosec Ltd is a average quality company, based on a somewhat consistent 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 TAC Infosec Ltd performance compare with that of its Peers?
Q.1 Revenue growth of TAC Infosec Ltd vs industry peers?
TAC Infosec Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.35%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of TAC Infosec Ltd?
Promoters hold 56.66% of the TAC Infosec Ltd, with 18.06% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of TAC Infosec Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -68.36% 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.
TAC Infosec Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 38.9%33.4%89.6%54.4%39.1%-
Value Creation
Index
1.81.45.42.91.8-

Growth Parameters

Sales 55.11011.723.520
Sales YoY Gr.-1.4%95.7%17%100.8%-
Adj EPS 0.40.43.54.16.22.3
YoY Gr.-0%777.5%18%50%-
BVPS (₹) 1.31.75.19.225.329.7
Adj Net
Profit
0.60.65.46.3135
Cash Flow from Ops. 0.901.6-2.310.3-
Debt/CF from Ops. 0.326.70.2-0.70.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA66.3%100.8%
Adj EPS NANA149.5%50%
BVPSNANA145.8%173.9%
Share Price - - - -69.3%

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
30.626.4103.357.838.38.4
Op. Profit
Mgn %
15.62056.656.653.2NAN
Net Profit
Mgn %
12.111.953.754.155.424.3
Debt to
Equity
0.10.30.10.10-
Working Cap
Days
01371653452680
Cash Conv.
Cycle
072932281840

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales55101223
Operating Expenses + 445511
Manufacturing Costs00200
Material Costs00000
Employee Cost 22136
Other Costs 22225
Operating Profit 115712
Operating Profit Margin (%) 15.6%20.0%53.2%56.6%53.2%
Other Income + 00002
Exceptional Items 00000
Interest 00000
Depreciation 00000
Profit Before Tax 115614
Tax 00000
Profit After Tax 115613
PAT Margin (%) 12.1%11.9%51.3%54.1%55.7%
Adjusted EPS (₹)0.40.43.44.16.3
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of TAC Infosec - 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'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2381453
Share Capital 000810
Reserves 227642
Debt +01021
Long Term Debt00000
Short Term Debt00011
Minority Interest00000
Trade Payables00000
Others Liabilities 112211
Total Liabilities 45101866

Fixed Assets

Net Fixed Assets +01111
Gross Block11122
Accumulated Depreciation00111
CWIP 00015
Investments 000012
Inventories00000
Trade Receivables1241114
Cash Equivalents 223129
Others Assets 00246
Total Assets 45101866

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 102-210
PBT 115614
Adjustment -0000-0
Changes in Working Capital 0-1-3-8-2
Tax Paid -0-0-1-1-1
Cash Flow From Investing Activity + -0-10-1-35
Capex -0-1-0-0-0
Net Investments 000-1-32
Others 0000-3
Cash Flow From Financing Activity + 00-0125
Net Proceeds from Shares 000026
Net Proceeds from Borrowing 00000
Interest Paid -0-0-0-0-0
Dividend Paid 00000
Others -00-01-0
Net Cash Flow 1-01-20

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)30.5726.3798.6757.8439.06
ROCE (%)38.9433.3689.5954.4439.11
Asset Turnover Ratio1.251.131.30.830.56
PAT to CFO Conversion(x)100.4-0.330.77
Working Capital Days
Receivable Days77.70108.80115.70246.20194
Inventory Days00000
Payable Days00000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.004.1918.06
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

TAC Infosec Ltd FAQs

The current trading price of TAC Infosec 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 TAC Infosec stood at ₹776.0 Cr

The latest P/E ratio of TAC Infosec as of 31-Dec-1969 is 159.7.

The latest P/B ratio of TAC Infosec as of 31-Dec-1969 is 12.43.

The 52-week high of TAC Infosec is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TAC Infosec is ₹20.01 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that TAC Infosec Ltd is a average quality company.

The key valuation ratios of TAC Infosec Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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

About TAC Infosec Ltd

The company was originally incorporated as ‘TAC Infosec Private Limited’ as a Private Limited Company, under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated August 01, 2016, issued by the Registrar of Companies, Central Registration Centre. Subsequently, pursuant to a special resolution passed by its Shareholders in the Extra-Ordinary General Meeting held on December 14, 2023, the company was converted from a private limited company to public limited company and consequently, the name of the company was changed from ‘TAC Infosec Private Limited’ to “TAC Infosec Limited” and a fresh certificate of incorporation dated December 29, 2023 was issued to its Company by the Registrar of Companies-Chandigarh. 

The company is engaged 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’. The company offers security software products and solutions both in India and internationally. Its end customers are Banks and financial Institutions, government regulatory bodies and departments, large-scale enterprises (including business offices) like HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP investment Managers, Motilal Oswal Financial Services and NSDL e-Governance. The company’s flagship software product is ESOF (Enterprise Security in One Framework) which was launched in 2018. ESOF is a vulnerability management platform consisting of various product portfolio namely ESOF Appsec, ESOF VMP, ESOF VACA, ESOF PCI ASV, ESOF CRQ. All the products launched under ESOF Platform have wide range of applications ranging from vulnerability management solutions for web and application-based data, compliance assessment, and cyber risk quantification.

Vulnerability Management is the continuous process of identifying, assessing, prioritizing, mitigating, and remediating the vulnerabilities across the complete Information Technology infrastructure of the organization. Cybersecurity of the organizations needs to be monitored in real-time and remediated as soon as possible to avoid attacks, this activity is often overseen by organizations through vulnerability management tools or products. While, Risk-Based Vulnerability Management (RBVM) is the process of prioritizing vulnerabilities for remediation based on the level of risk each vulnerability discovered, poses to organization and IT Infrastructure. The RBVM method allows the organization to prioritize their vulnerabilities discovered on the basis of the severity, making it time and cost-effective while having a concrete cybersecurity process in place.

ESOF offers a robust vulnerability assessment mechanism that scans and identifies potential security loopholes within the IT infrastructure and along with configuration assessment, it ensures that IT systems are not only free from vulnerabilities but also configured optimally to resist potential threats. Also, ESOF’s auto-prioritization feature utilizes advanced algorithms to rank vulnerabilities based on their severity, potential impact, and exploitability, ensuring that critical issues are addressed promptly. Apart from above, ESOF also provides Asset Tiering, Business Unit Regrouping and Cyber score services. These services, coupled with risk quantification, provide senior management and board members with a well-informed and strategically planned approach to navigating the challenges and opportunities within their organizations. ESOF platform is more than just a vulnerability management tool as it provides comprehensive framework that empowers organizations to navigate the complex cybersecurity landscape.

Business area of the company

TAC Infosec offers risk-based vulnerability management and assessment solutions, cybersecurity quantification and services of penetration testing to domestic and international organisations of any scale, size, and business through the SaaS model. The company launched Enterprise Security in One Framework (ESOF) Platform on SaaS (Software as a Services) Model in 2018 under the guidance and leadership of its Promoters and Directors. Under the umbrella of ESOF, the company has launched total of 5 Product by the name of ESOF Appsec, ESOF VMP, ESOF VACA, ESOF PCI ASV, ESOF CRQ. It also provides services of Penetration Testing, commonly known as pen testing, is a form of ethical hacking aimed at discovering and remedying security vulnerabilities in networks, systems, and applications. The company is a CREST (Council for Registered Ethical Security Testers) certified company offering assurance to clients regarding the security of their data. The company’s services align with regulatory requirements such as GDPR and ISO 2700.

Major events

  • 2016-17: The company was incorporated as a private limited company under the name “TAC Infosec Private Limited”.
  • 2017: The company becomes CERT-In (Indian Computer Emergency Response Team) Empanelled company by Ministry of Electronics & Information Technology.
  • 2018: Recognised as Start-up by DIPP
  • 2019: The company was awarded “COMPANY OF THE YEAR 2019” by The Golden Bridge Awards.
  • 2020: The company was part of elite BW BUSINESSWORLD TECHTORS 2020.
  • 2020: The company was recognized as “BEST COMPANY TO WORK FOR 2020” by Business Sight Media.
  • 2021: The company wins Globee 2021.
  • 2021: The company was announced “START-UP OF THE YEAR 2021” by The Globee.
  • 2021: The company was awarded “BUSINESS INNOVATION” by Entrepreneur Awards 2021.
  • 2021: The company was featured in NASDAQ, TIMES SQUARE BILLBOARD.
  • 2022: The company was awarded by The Globee in following categories; Start-up of the year-Artificial Intelligence; Start-up of the year-Business Products; Start-up of the year-Business Services; Start-up of the year-IT Cloud/SaaS; Start-up of the year-IT Services; Start-up of the year-Security Cloud/SaaS; Start-up of the year-Security Services; and Start-up of the year-Others.
  • 2023-24: The company was certified as “A GREAT WORKPLACE” under 100 employees for assessment conducted by Great Place to Work Institute, India.
  • 2023-24: Conversion of the company from Private Limited to Public Limited Company. 


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