TAC
TAC Infosec share price & financials
- Price
- ₹407.65
- Market cap
- ₹855 Cr
- Sector
- Information Technology
- Calls analysed
- 4
TAC Infosec Q1 FY27
What went well
- SOCify customer base doubled to 200 clients since launch, with 100 new clients added in Q1 FY27.
- Customer acquisition for SOCify accelerated significantly, taking 3 months for the second 100 clients compared to 6 months for the first 100.
- Company is confident in maintaining a 40% EBITDA margin, a level sustained for the past two years.
What to watch
- US IPO for CyberScope is delayed due to unfavorable market conditions for small IPOs.
- IOXT business is currently not an active revenue driver and is a slow-paced, long-term growth area (24-36 months out).
Guidance record · Q1 FY27
what the last two calls moved 15 tracked 3 delivered 2 missed 10 open- Total Customers delivered said Q4 FY25 Promised: Acquire 10,000 clients by 2026 Q1 FY27: Promise was achieved in Q4 FY26. No new updates.
- Revenue missed said Q4 FY25 Promised: ₹100 crore in revenue by FY26 Q1 FY27: Promise was for FY26 and was missed. No new updates.
- Market Position at risk said Q2 FY26 Promised: Become one of the top three vulnerability management companies by 2026 Q1 FY27: Management reiterated being the 5th largest by customer count. The ambition was restated to become the 'largest' by 2030, putting the original 'top three by 2026' target at risk.
All 15 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 9.9%, net profit up 0.6% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 7 | 12 | 18 | 10 +95% | 29 +314% | 16 +29% | 20 +10% |
| EBITDA | 2 | 4 | 6 | 9 | 5 +127% | 18 +350% | 7 +16% | 10 +6% |
| Net profit | 2 | 4 | 7 | 8 | 3 +70% | 16 +300% | 6 −14% | 8 +1% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −59.6% 1Y
1Y: ₹1,154.55 on 10 Sept 2025 → ₹466.9. High ₹1,363 (13 Oct 2025), low ₹348.4 (11 Jun 2026).
How the price took the results
close before → close after
- Q1 FY27
- −0.2%
- 2 Jul
- Q4 FY26
- +4.2%
- 20 May
- Q2 FY26
- +5.0%
- 31 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹8 Cr | ₹10 Cr | ₹21 Cr |
| Reserves | ₹2 Cr | ₹2 Cr | ₹7 Cr | ₹6 Cr | ₹47 Cr | ₹62 Cr |
| Borrowings | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr |
| Other liabilities | ₹2 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹12 Cr |
| Total liabilities | ₹4 Cr | ₹5 Cr | ₹10 Cr | ₹18 Cr | ₹60 Cr | ₹96 Cr |
| Fixed assets | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹7 Cr | ₹25 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹10 Cr | ₹0 Cr |
| Other assets | ₹4 Cr | ₹4 Cr | ₹10 Cr | ₹16 Cr | ₹43 Cr | ₹72 Cr |
| Total assets | ₹4 Cr | ₹5 Cr | ₹10 Cr | ₹18 Cr | ₹60 Cr | ₹96 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, the public added +3.81 pp while FIIs trimmed −3.53 pp. The shareholder count grew 190% to 5,143.
- Promoters
- 56.7%
- FIIs
- 0.0%
- Public
- 43.3%
Since Mar 2025
- Public +3.81 pp
- FIIs −3.53 pp
- Promoters −0.28 pp
How it drifted, 6 quarters
Over this window the public went from 31.0% to 43.3% — +12.3 pp.
Ownership split by quarter, oldest first. Apr '24: Promoters 56.9%, FIIs 9.8%, DIIs 2.2%, Public 31.0%.Sep '24: Promoters 56.9%, FIIs 3.8%, Public 39.3%.Mar '25: Promoters 56.9%, FIIs 3.6%, Public 39.5%.Sep '25: Promoters 57.0%, FIIs 0.1%, Public 43.0%.Oct '25: Promoters 57.0%, FIIs 0.0%, Public 43.0%.Mar '26: Promoters 56.7%, FIIs 0.0%, Public 43.3%.
Who is on the register
Named in the Mar 2026 filing
Every holder of TAC Infosec above SEBI's 1% disclosure line, and what changed since Oct 2025.
| Holder | Stake | Change |
|---|---|---|
| Trishneet Arora | 53.79% | −0.25 pp |
| Vijay Kishanlal Kedia | 7.85% | −1.73 pp |
| Ankit Vijay Kedia | 3.64% | unchanged |
| Charanjit Singh | 2.86% | −0.06 pp |
| Subinder Jeet Singh Khurana | 1.26% | −0.20 pp |
| Sukhpreet Kaur | 0.00% | unchanged |
| Avneet Singh | 0.00% | unchanged |
| Harish Kumar Gupta | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- 22.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (4)
Read the Q1 FY27 call →Learn to analyse TAC Infosec
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