Quick Heal Technologies Ltd.

•

quickheal.co.inBSE: 539678NSE: QUICKHEAL

Market Cap₹ 748 Cr.

Current Price

High / Low₹ 371 / 125

Stock P/E0.0

Book Value₹ 80

Price to Book3.63

Dividend Yield0.00 %

ROCE0.4 %

ROE1.3 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Security software product and licenses: 98.4% • Software support & services: 1.6%

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence

68%

View full sector analysis →

PROS

Company is almost debt free
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
A large part of profit comes from other income (1354.2% of PBT)
Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Company has a low return on capital employed of 2.8%
Company has a low return on equity of 2.8% over last 3 years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Information TechnologyITIT - Software

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TCS	2345.00	17.04	848441.52	4.69	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1139.20	15.26	462313.84	4.21	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1330.90	20.73	361161.69	4.06	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	177.35	13.29	175653.75	6.20	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1622.00	30.96	158977.70	3.14	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4589.40	26.03	136131.39	1.63	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	12104.90	30.89	105413.25	3.30	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5695.00	46.71	89838.62	0.70	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1960.15	49.42	86819.06	0.81	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2481.50	24.79	47366.24	2.50	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3509.20	28.20	37224.73	1.65	3571.00	1029.71	29401.00	1014.73	27.70	18.65
12.	QUICKHEAL	137.85	0.00	748.03	0.00	-5.28	4.17	44.99	-21.39	0.28	-39.05

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51	78	82	80	70	74	71	65	57	84	72	49	45
	67	67	70	70	68	71	74	73	67	74	71	78	66
Operating Profit	-15	11	12	10	3	3	-4	-8	-10	9	1	-29	-17
OPM %	-29.55%	14.01%	14.15%	12.53%	3.73%	3.91%	-5.19%	-12.05%	-16.90%	11.24%	1.10%	-59.95%	-38.70%
Other Income	5	6	4	7	5	5	5	6	6	4	9	4	14
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	3	3	3	3	3	3	3	4	3	3	4	4	4
	-13	13	12	14	5	5	-2	-6	-7	10	6	-30	-7
Tax %	3.88%	3.80%	19.78%	-3.62%	16.12%	18.81%	110.00%	55.33%	21.47%	22.70%	-14.33%	32.83%	28.57%
Net Profit	-13	13	10	14	4	4	0	-3	-5	8	7	-20	-5
	-2	2	2	3	1	1	0	-0	-1	1	1	-4	-0
Equity Capital	53	53	53	54	54	54	54	54	54	54	54	54	54
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	298	299	316	313	283	334	342	278	292	280	249
	192	202	192	183	190	196	236	275	274	286	289
Operating Profit	116	125	154	162	124	165	125	25	39	15	—
OPM %	39	42	49	52	44	50	37	9	13	5	—
Other Income	9	28	30	32	31	28	19	22	21	21	31
Interest	0	0	0	0	0	0	0	0	0	0	0
Depreciation	24	31	27	24	22	19	17	16	13	13	15
	93	90	119	129	100	146	104	9	26	2	-20
Tax %	33	34	34	35	27	27	24	17	8	-264	50
Net Profit	62	59	79	84	74	107	78	8	24	6	-10
EPS	0	0	0	0	0	17	13	1	4	1	—
Dividend Payout %	28	30	27	17	35	24	33	172	67	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	9	8	11	12	11	17	13	1	4	1	—

COMPOUNDED SALES GROWTH

10 Years:: 0%
5 Years:: 0%
3 Years:: -6%

COMPOUNDED PROFIT GROWTH

10 Years:: -21%
5 Years:: -40%
3 Years:: -59%

STOCK PRICE CAGR

10 Years:: -5%
5 Years:: -10%
3 Years:: -14%
1 Year:: -55%

RETURN ON EQUITY

10 Years:: 9%
5 Years:: 7%
3 Years:: 3%
Last Year:: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	70	70	70	71	64	64	58	53	54	54
	570	609	667	724	582	689	562	357	373	373
Trade Payables	51	41	32	38	38	50	50	49	40	35
	29	22	20	15	13	28	46	34	42	56
Total Liabilities	720	742	789	848	697	831	716	493	509	518
ASSETS	-	-	-	-	-	-	-	-	-	-
	142	185	173	165	158	146	112	100	85	84
Capital Work in Progress	55	14	14	11	3	2	0	0	3	0
	128	211	325	401	320	428	321	198	191	180
	5	7	5	4	6	3	5	4	3	2
	0	0	0	0	0	0	0	0	132	170
Cash & Bank	263	200	159	130	74	77	59	11	37	17
	126	125	114	138	136	174	220	179	59	64
Total Assets	720	742	789	848	697	831	716	493	509	518
Total Debt	0	0	0	0	0	0	0	0	0	0
Net Working Capital	402	413	508	569	423	550	445	251	290	292
Contingent Liabilities	85	85	122	161	105	1	1	0	4	8
Book Value per Share	91.39	96.87	104.72	112.65	100.59	117.24	106.91	77.30	79.79	79.03
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	81	50	96	63	71	100	78	31	18	-25
Cash from Investing	-167	-90	-119	-39	146	-94	130	188	6	16
Cash from Financing	189	-20	-19	-24	-221	0	-214	-212	2	-10
	104	-61	-42	-0	-4	6	-6	6	26	-19
Free Cash Flow	46	20	80	53	71	96	78	31	18	-28
OCF / Net Profit	1.30	0.84	1.21	0.75	0.96	0.94	1.00	4.02	0.77	-4.49
Cumulative 5-Year FCF	0	0	0	0	269	320	378	329	295	196

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	8.91	8.44	11.21	11.90	11.47	16.63	13.48	1.45	4.50	1.03
Book Value (₹)	91.39	96.87	104.72	112.65	100.59	117.24	106.91	77.30	79.79	79.03
Dividend per Share (₹)	2.50	2.50	3.00	2.00	4.00	4.00	4.50	2.50	3.00	0.00
Cash EPS (₹)	12.29	12.84	15.03	15.23	14.84	19.66	16.47	4.46	6.85	3.43
PROFITABILITY
Operating Margin %	38.94%	41.81%	48.58%	41.36%	43.90%	49.56%	30.99%	9.05%	5.96%	-2.15%
Net Margin %	20.90%	19.79%	24.94%	26.83%	25.98%	32.02%	22.89%	2.77%	8.25%	1.99%
ROE %	12.76%	8.97%	11.14%	10.96%	10.22%	15.27%	11.39%	1.49%	5.75%	1.30%
ROCE %	18.94%	13.61%	16.84%	16.85%	13.92%	20.77%	14.98%	1.77%	6.11%	0.40%
	10.86%	8.10%	10.30%	10.25%	9.53%	13.98%	10.11%	1.27%	4.80%	1.08%
EFFICIENCY
Debtor Days	101	117	114	133	153	144	172	194	159	197
Inventory Days	8	8	7	5	7	5	4	6	5	3
Payable Days	1112	1263	1051	1002	1595	1412	1469	1934	2372	1929
	-1004	-1138	-930	-864	-1435	-1263	-1292	-1734	-2208	-1728
FINANCIAL HEALTH
Debt to Equity (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Interest Coverage (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	201.31x	7.95x
	5.69x	6.97x	10.33x	10.73x	9.57x	8.47x	6.14x	4.51x	4.95x	4.70x
GROWTH
Revenue Growth %	5.08%	0.18%	5.75%	-1.05%	-9.43%	17.69%	2.40%	-18.57%	4.90%	-4.19%
Operating Profit Growth %	13.42%	7.55%	22.86%	5.41%	-23.16%	32.86%	-24.38%	-79.86%	53.97%	-62.06%
Net Profit Growth %	10.80%	-5.14%	33.31%	6.45%	-12.30%	45.00%	-26.77%	-90.15%	212.60%	-76.86%
	0.00%	0.00%	0.00%	6.18%	0.00%	0.00%	-18.95%	0.00%	210.03%	-77.07%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	18.96x	0.00x	0.00x	13.17x	0.00x	104.64x	277.99x
P/B (x)	0.00x	0.00x	0.00x	2.00x	0.00x	0.00x	1.66x	0.00x	5.90x	3.63x
Dividend Yield %	0.00%	0.00%	0.00%	0.89%	0.00%	0.00%	2.53%	0.00%	0.64%	0.00%
	0.00x	0.00x	0.00x	9.03x	0.00x	0.00x	7.77x	0.00x	64.02x	104.09x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.44	72.08	71.92	71.82	71.79	71.63	71.54	71.50	71.48
	1.54	1.61	1.81	2.03	1.16	0.50	0.45	0.73	0.46
	2.41	2.62	2.84	2.63	2.58	2.33	2.29	1.16	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	23.61	23.68	23.42	23.52	24.47	25.54	25.71	26.61	28.08

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

ESOP/ESOS/ESPS

2026-09-03 - Quick Heal Technologies Limited has informed the Exchange regarding Allotment of 9746 Shares under ESOP Scheme 2021

2026-09-01

Appointment

2026-09-01 - Quick Heal Technologies Limited has informed the Exchange regarding Appointment of Mr. Amit Chaudhary as Vice President - Product Management, of the company w.e.f. September 01, 2026.

2026-08-27

Copy of Newspaper Publication

2026-08-27 - Quick Heal Technologies Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-26

General Updates

2026-08-26 - Quick Heal Technologies Limited has informed the Exchange about General Updates

2026-08-26

Shareholders meeting

2026-08-26 - Quick Heal Technologies Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2026

2026-08-21

Copy of Newspaper Publication

2026-08-21 - Quick Heal Technologies Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-20

Updates

2026-08-20 - Quick Heal Technologies Limited has informed the Exchange regarding 'Intimation of 31st Annual General Meeting'.

2026-08-11

ESOP/ESOS/ESPS

2026-08-11 - Quick Heal Technologies Limited has informed the Exchange regarding Grant of 102000 Options.

2026-08-11

Resignation of Director/KMP/SMP

2026-08-11 - Quick Heal Technologies Limited has informed the Exchange about Resignation of Director/KMP/SMP

News

Recent coverage and analyst commentary for QUICKHEAL

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Free 5nance Account

Name

TCS

2345.00

17.04

848441.52

4.69

13420.00

4.69

72275.00

13.93

66.25

25.67

INFY

1139.20

15.26

462313.84

4.21

7775.00

12.29

48211.00

14.03

42.84

23.66

HCLTECH

1330.90

20.73

361161.69

4.06

4626.00

20.34

34579.00

13.94

31.20

19.87

WIPRO

177.35

13.29

175653.75

6.20

3356.30

0.59

24478.60

10.59

18.49

18.93

TECHM

1622.00

30.96

158977.70

3.14

1486.30

31.67

15711.90

17.68

23.04

17.43

LTM

4589.40

26.03

136131.39

1.63

1468.60

17.06

11608.00

17.96

30.25

17.75

OFSS

12104.90

30.89

105413.25

3.30

1415.50

120.52

3125.20

68.73

45.50

60.04

PERSISTENT

5695.00

46.71

89838.62

0.70

483.04

13.67

4303.23

29.09

35.09

16.19

COFORGE

1960.15

49.42

86819.06

0.81

531.70

49.19

5527.70

49.86

24.70

19.14

MPHASIS

2481.50

24.79

47366.24

2.50

489.51

10.82

4384.05

17.46

23.31

18.15

LTTS

3509.20

28.20

37224.73

1.65

3571.00

1029.71

29401.00

1014.73

27.70

18.65

QUICKHEAL

137.85

0.00

748.03

0.00

-5.28

4.17

44.99

-21.39

0.28

-39.05

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

-15

-4

-8

-10

-29

-17

OPM %

-29.55%

14.01%

14.15%

12.53%

3.73%

3.91%

-5.19%

-12.05%

-16.90%

11.24%

1.10%

-59.95%

-38.70%

Other Income

Interest

Depreciation

-13

-2

-6

-7

-30

-7

Tax %

3.88%

3.80%

19.78%

-3.62%

16.12%

18.81%

110.00%

55.33%

21.47%

22.70%

-14.33%

32.83%

28.57%

Net Profit

-13

-3

-5

-20

-5

-2

-0

-1

-4

-0

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

298

299

316

313

283

334

342

278

292

280

249

192

202

192

183

190

196

236

275

274

286

289

Operating Profit

116

125

154

162

124

165

125

—

OPM %

—

Other Income

Interest

Depreciation

119

129

100

146

104

-20

Tax %

-264

Net Profit

107

-10

EPS

—

Dividend Payout %

172

—

Minority Interest

Share of Associates

Adjusted EPS

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

570

609

667

724

582

689

562

357

373

Trade Payables

Total Liabilities

720

742

789

848

697

831

716

493

509

518

ASSETS

142

185

173

165

158

146

112

100

Capital Work in Progress

128

211

325

401

320

428

321

198

191

180

132

170

Cash & Bank

263

200

159

130

126

125

114

138

136

174

220

179

Total Assets

720

742

789

848

697

831

716

493

509

518

Total Debt

Net Working Capital

402

413

508

569

423

550

445

251

290

292

Contingent Liabilities

122

161

105

Book Value per Share

91.39

96.87

104.72

112.65

100.59

117.24

106.91

77.30

79.79

79.03

Face Value

10.00

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

100

-25

Cash from Investing

-167

-90

-119

-39

146

-94

130

188

Cash from Financing

189

-20

-19

-24

-221

-214

-212

-10

104

-61

-42

-0

-4

-6

-19

Free Cash Flow

-28

OCF / Net Profit

1.30

0.84

1.21

0.75

0.96

0.94

1.00

4.02

0.77

-4.49

Cumulative 5-Year FCF

269

320

378

329

295

196

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

8.91

8.44

11.21

11.90

11.47

16.63

13.48

1.45

4.50

1.03

Book Value (₹)

91.39

96.87

104.72

112.65

100.59

117.24

106.91

77.30

79.79

79.03

Dividend per Share (₹)

2.50

3.00

2.00

4.00

4.50

2.50

3.00

0.00

Cash EPS (₹)

12.29

12.84

15.03

15.23

14.84

19.66

16.47

4.46

6.85

3.43

PROFITABILITY

Operating Margin %

38.94%

41.81%

48.58%

41.36%

43.90%

49.56%

30.99%

9.05%

5.96%

-2.15%

Net Margin %

20.90%

19.79%

24.94%

26.83%

25.98%

32.02%

22.89%

2.77%

8.25%

1.99%

ROE %

12.76%

8.97%

11.14%

10.96%

10.22%

15.27%

11.39%

1.49%

5.75%

1.30%

ROCE %

18.94%

13.61%

16.84%

16.85%

13.92%

20.77%

14.98%

1.77%

6.11%

0.40%

10.86%

8.10%

10.30%

10.25%

9.53%

13.98%

10.11%

1.27%

4.80%

1.08%

EFFICIENCY

Debtor Days

101

117

114

133

153

144

172

194

159

197

Inventory Days

Payable Days

1112

1263

1051

1002

1595

1412

1469

1934

2372

1929

-1004

-1138

-930

-864

-1435

-1263

-1292

-1734

-2208

-1728

FINANCIAL HEALTH

Debt to Equity (x)

0.00x

Interest Coverage (x)

0.00x

201.31x

7.95x

5.69x

6.97x

10.33x

10.73x

9.57x

8.47x

6.14x

4.51x

4.95x

4.70x

GROWTH

Revenue Growth %

5.08%

0.18%

5.75%

-1.05%

-9.43%

17.69%

2.40%

-18.57%

4.90%

-4.19%

Operating Profit Growth %

13.42%

7.55%

22.86%

5.41%

-23.16%

32.86%

-24.38%

-79.86%

53.97%

-62.06%

Net Profit Growth %

10.80%

-5.14%

33.31%

6.45%

-12.30%

45.00%

-26.77%

-90.15%

212.60%

-76.86%

0.00%

6.18%

0.00%

-18.95%

0.00%

210.03%

-77.07%

VALUATION

P/E (x)

0.00x

18.96x

0.00x

13.17x

0.00x

104.64x

277.99x

P/B (x)

0.00x

2.00x

0.00x

1.66x

0.00x

5.90x

3.63x

Dividend Yield %

0.00%

0.89%

0.00%

2.53%

0.00%

0.64%

0.00%

0.00x

9.03x

0.00x

7.77x

0.00x

64.02x

104.09x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

72.44

72.08

71.92

71.82

71.79

71.63

71.54

71.50

71.48

1.54

1.61

1.81

2.03

1.16

0.50

0.45

0.73

0.46

2.41

2.62

2.84

2.63

2.58

2.33

2.29

1.16

0.00

Government

0.00

23.61

23.68

23.42

23.52

24.47

25.54

25.71

26.61

28.08

Quick Heal Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

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Quick Heal Technologies Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI