TECHD
TechD Cybersecurity financials
- Market cap
- ₹450 Cr
- Sector
- Information Technology
- Calls analysed
- 2
TECHD Q4 FY26
What went well
- Full year revenue reached ₹51.8 crore, demonstrating significant growth.
- PAT increased by 67% YoY, indicating strong profitability.
- EBITDA margin improved to 83.66% for FY26, with H2 EBITDA margins at 32% compared to 26% last year.
What to watch
- Delay of 1-1.5 months in the Global Security Operation Center (GSOC) project due to global war effects and commercial gas availability issues.
- PAT margin in H2 FY26 (over 20%) was lower than H1 FY26 (33%), attributed to H2-heavy business and higher training/OEM costs.
Guidance record · Q4 FY26
what the last two calls moved 15 tracked 2 delivered 2 missed 11 open- Revenue Growth delivered said Q2 FY26 Promised: Currently we are aiming at 40 to 50% growth compared to our last year. Q4 FY26: Achieved 73.8% YoY revenue growth for FY26 (to ₹51.8 Cr), significantly exceeding the 40-50% target.
- EBITDA Margin missed said Q2 FY26 Promised: So the 49% margin that we've done in this first half, we're confident of maintaining this in the second-half as well. Q4 FY26: H2 FY26 EBITDA margin was 32%, a decrease from 40.48% in H1 FY26. Management attributes this to the H2-heavy nature of costs, though H2 margin improved YoY from 26%.
- Revenue Scale Up on track said Q2 FY26 Promised: aiming to do a revenue scale up to 80 to $100 million in next another five years to come as well. Q4 FY26: FY26 revenue was ₹51.8 Cr (~$6.2M). FY27 guidance is for ₹75-80 Cr organic revenue, potentially reaching ₹100 Cr (~$12M) with M&A. The growth trajectory supports the long-term goal.
All 15 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
| Line item | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 13 | 17 | 18 | 34 |
| EBITDA | 6 | 4 | 9 | 10 |
| Net profit | 4 | 4 | 6 | 8 |
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 +57.2% 1Y
1Y: ₹385 on 22 Sept 2025 → ₹605.3. High ₹843.15 (4 Nov 2025), low ₹378.2 (27 Feb 2026).
How the price took the results
close before → close after
- Q4 FY26
- +1.9%
- 27 May
- Q2 FY26
- +5.0%
- 20 Nov
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 | ₹0 Cr | ₹7 Cr | ₹7 Cr |
| Reserves | ₹0 Cr | ₹1 Cr | ₹2 Cr | ₹5 Cr | ₹57 Cr | ₹64 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹0 Cr | ₹1 Cr | ₹4 Cr | ₹3 Cr | ₹9 Cr | ₹13 Cr |
| Total liabilities | ₹1 Cr | ₹2 Cr | ₹7 Cr | ₹9 Cr | ₹73 Cr | ₹85 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹6 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹6 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹1 Cr | ₹2 Cr | ₹7 Cr | ₹9 Cr | ₹70 Cr | ₹73 Cr |
| Total assets | ₹1 Cr | ₹2 Cr | ₹7 Cr | ₹9 Cr | ₹73 Cr | ₹85 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 Jun 2026
Since Sep 2025, the public added +7.38 pp while DIIs trimmed −5.84 pp. The shareholder count grew 170% to 1,677.
- Promoters
- 63.2%
- FIIs
- 0.0%
- DIIs
- 2.7%
- Public
- 34.0%
Since Sep 2025
- Public +7.38 pp
- DIIs −5.84 pp
- FIIs −1.56 pp
How it drifted, 4 quarters
Over this window the public went from 26.6% to 34.0% — +7.4 pp.
Ownership split by quarter, oldest first. Sep '25: Promoters 63.2%, FIIs 1.6%, DIIs 8.6%, Public 26.6%.Dec '25: Promoters 63.2%, FIIs 0.0%, DIIs 3.0%, Public 33.7%.Mar '26: Promoters 63.2%, FIIs 0.0%, DIIs 2.9%, Public 33.9%.Jun '26: Promoters 63.2%, FIIs 0.0%, DIIs 2.7%, Public 34.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Pcg Finvest Private Limited newly disclosed 1.16% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of TechD Cybersecurity Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sunny Piyushkumar Vaghela | 62.90% | unchanged |
| Vijay Kishanlal Kedia | 5.26% | unchanged |
| Nine Alps Trust-Nine Alps Opportunity Fund AIF | 2.60% | −0.06 pp |
| Pcg Finvest Private Limited | 1.16% | newly disclosed |
| Piyush Rasiklal Vaghela | 0.34% | unchanged |
| Ashish Gohil | 0.00% | unchanged |
| Sunny Piyushkumar Vaghela Huf | 0.00% | unchanged |
| Alka Vaghela | 0.00% | unchanged |
| Vaghela Mansukhbhai | 0.00% | unchanged |
| Vaghela Kailasben | 0.00% | unchanged |
| Vaghela Keval Mansukhbhai | 0.00% | unchanged |
| Jooliben Gohil | 0.00% | unchanged |
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
- 13.3% 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 (2)
Read the Q4 FY26 call →Learn to analyse TechD Cybersecurity Limited
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