TAC Infosec Ltd.

•

tacsecurity.comBSE: -NSE: TAC

Market Cap₹ 982 Cr.

Current Price

High / Low₹ 900 / 347

Stock P/E202.0

Book Value₹ 31

Price to Book26.33

Dividend Yield0.00 %

ROCE39.1 %

ROE39.1 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Company is almost debt free
Company has a good return on equity (ROE) track record: 3 Years ROE 65.2%
Company has a healthy return on capital (ROCE) of 61.0%
Operating margins have improved to 53.2% from 22.5%
Company comfortably covers its interest (37.2x coverage)

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.39x)
Working capital days have increased from 326 to 504 days
Stock is trading at 26.3x its book value
Effective tax rate is unusually low at 3.4% - earnings may be flattered
Rich enterprise valuation - EV/EBITDA of 96.2x

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

Peer comparison

ServicesBusiness ServicesBusiness Support

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

S.No.	Name
1.	PFOCUS	310.60	209.28	24188.72	0.00	-457.78	-514.43	12668.15	1196.88	2.74	23.76
2.	SAGILITY	45.15	21.28	21136.20	0.33	216.81	45.94	1963.48	27.59	13.82	22.32
3.	HORIZONIND	55.65	244.03	16043.35	0.00	-116.27	—	2005.46	—	3.32	80.26
4.	SYNGENE	382.65	69.89	15446.40	0.33	-9.00	-110.38	736.00	-15.84	9.48	12.34
5.	INDGN	578.05	34.74	13929.08	0.39	116.20	-0.17	1063.10	39.73	18.92	16.39
6.	IGIL	314.20	22.27	13578.46	1.59	165.74	30.98	370.78	23.22	77.00	60.35
7.	NESCO	1102.75	18.65	7769.97	0.63	99.96	3.97	211.80	9.55	19.23	48.33
8.	LEAPIND	144.55	102.15	6367.95	0.00	247.33	—	2034.13	—	9.32	51.19
9.	SPARC	196.10	4.02	6363.87	0.00	-20.78	59.94	39.92	314.11	163.94	-85.17
10.	SMARTWORKS	530.60	217.74	6069.06	0.00	13.15	413.27	546.25	44.05	61.12	63.33
11.	JUSTDIAL	665.10	15.59	5656.61	0.00	115.74	38.44	270.27	16.23	12.88	26.17
12.	TAC	466.90	43.63	981.76	0.00	80.50	—	197.80	—	44.59	48.18

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2025	Jun 2026
	6	80
	3	48
Operating Profit	3	32
OPM %	51.90%	40.35%
	0	4
Interest	0	0
Depreciation	0	2
Profit before Tax	3	36
Tax %	27.81%	28.37%
Net Profit	2	26
	1.16	1.23

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	5	5	10	12	23
	4	4	5	5	11
Operating Profit	1	1	5	7	12
OPM %	15.56%	19.97%	53.17%	56.57%	53.20%
	0	0	0	0	2
Interest	0	0	0	0	0
Depreciation	0	0	0	0	0
Profit before Tax	1	1	5	6	14
Tax %	27.75%	28.92%	0.00%	0.31%	3.41%
Net Profit	1	1	5	6	13
EPS	13.59	13.50	6.70	8.28	12.49
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 66%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 178%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -44%

RETURN ON EQUITY

10 Years:: —
5 Years:: 51%
3 Years:: 65%
Last Year:: 39%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0	0	0	8	10
	2	2	7	6	42
	0	1	0	2	1
	1	1	2	2	11
Total Liabilities	4	5	10	18	66
	0	1	1	1	1
	0	0	0	0	12
	0	0	0	11	14
Cash & Bank	2	2	3	1	29
	2	2	7	5	10
Total Assets	4	5	10	18	66

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	1	0	2	-2	10
Cash from Investing	-0	-1	0	-1	-35
Cash from Financing	0	0	-0	1	25
	1	-0	1	-2	0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	56.94	56.94	56.96	56.66
	3.78	3.57	0.06	0.04
DIIs	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00
	39.28	39.49	42.98	43.30

Documents

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

No announcements filed.

News

Recent coverage and analyst commentary for TAC

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TAC Infosec Ltd.

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Name

PFOCUS

310.60

209.28

24188.72

0.00

-457.78

-514.43

12668.15

1196.88

2.74

23.76

SAGILITY

45.15

21.28

21136.20

0.33

216.81

45.94

1963.48

27.59

13.82

22.32

HORIZONIND

55.65

244.03

16043.35

0.00

-116.27

—

2005.46

—

3.32

80.26

SYNGENE

382.65

69.89

15446.40

0.33

-9.00

-110.38

736.00

-15.84

9.48

12.34

INDGN

578.05

34.74

13929.08

0.39

116.20

-0.17

1063.10

39.73

18.92

16.39

IGIL

314.20

22.27

13578.46

1.59

165.74

30.98

370.78

23.22

77.00

60.35

NESCO

1102.75

18.65

7769.97

0.63

99.96

3.97

211.80

9.55

19.23

48.33

LEAPIND

144.55

102.15

6367.95

0.00

247.33

—

2034.13

—

9.32

51.19

SPARC

196.10

4.02

6363.87

0.00

-20.78

59.94

39.92

314.11

163.94

-85.17

SMARTWORKS

530.60

217.74

6069.06

0.00

13.15

413.27

546.25

44.05

61.12

63.33

JUSTDIAL

665.10

15.59

5656.61

0.00

115.74

38.44

270.27

16.23

12.88

26.17

TAC

466.90

43.63

981.76

0.00

80.50

—

197.80

—

44.59

48.18

Jun 2025

Jun 2026

Operating Profit

OPM %

51.90%

40.35%

Interest

Depreciation

Profit before Tax

Tax %

27.81%

28.37%

Net Profit

1.16

1.23

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Operating Profit

OPM %

15.56%

19.97%

53.17%

56.57%

53.20%

Interest

Depreciation

Profit before Tax

Tax %

27.75%

28.92%

0.00%

0.31%

3.41%

Net Profit

EPS

13.59

13.50

6.70

8.28

12.49

Dividend Payout %

0.00%

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Total Liabilities

Cash & Bank

Total Assets

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-2

Cash from Investing

-0

-1

-35

Cash from Financing

-0

-2

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Sep 2024

Mar 2025

Sep 2025

Mar 2026

56.94

56.96

56.66

3.78

3.57

0.06

0.04

DIIs

0.00

Government

0.00

39.28

39.49

42.98

43.30

TAC Infosec 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

TAC Infosec 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