Vijay Kedia’s portfolio multibagger IT-software stock; Company posts 238.41 per cent surge in PAT in H1FY25 on the back of expanding global presence and onboarding of new clients
The stock gave multibagger returns of 192.6 per cent from its 52-week low of Rs 261.10 per share.
On Thursday, shares of TAC InfoSec Limited hit a 2 per cent upper circuit to an intraday high of Rs 763.95 per share from its previous closing of Rs 749. The stock’s 52-week high is Rs 900 and its 52-week low is Rs 261.10.
TAC InfoSec Ltd, a global cybersecurity company specialising in vulnerability management, is a publicly listed cybersecurity company that made headlines with its oversubscribed IPO worth USD 1 billion. TAC Security’s flagship product, ESOF (Enterprise Security in One Framework), excels in cyber scoring, cyber risk quantification and leveraging advanced AI for vulnerability assessment and penetration testing. TAC Security holds prestigious certifications like CREST, PCI ASV and ISO 27001 and partners with tech giants such as Google, Microsoft and Meta for ADA’s CASA (Cloud Application Security Assessment). Serving a diverse global clientele, TAC Security is committed to innovation and excellence in cyber security for Fortune 500 companies, start-ups and Governments Globally.
Results: TAC InfoSec Limited, has announced impressive financial results for the first half of FY25. The company recorded a 238.41 per cent surge in net profit to Rs 6.30 crore, up from IRs 1.93 crore in the same period last year. Operating income also saw a significant boost, increasing by 162.22 per cent to Rs 13.16 crore. For the second quarter, the company posted a net profit of Rs 4.21 crore and an operating income of Rs 8,02 crore. The company's total revenue for H1FY25 reached Rs 13.16 crore, including other income of Rs 0.85 crore. Notably, TAC InfoSec achieved a PAT margin of 49.6 per cent and an EBITDA margin of 54.4 per cent in H1FY25. The company's strong performance is further highlighted by its Earnings Per Share (EPS) of Rs 6.21 per share.
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In a significant milestone initiative, the company acquired 200 new customers across 32 countries in September 2024 alone, underscoring its rapidly expanding influence and unwavering commitment to delivering cutting-edge cybersecurity solutions across the globe. Some of the marquee new clients onboarded by the company include Microsoft, Gen Digital, Brother Industries, Sedric, Yext, Freshworks, and Lenovo, signalling a growing trust from some of the world’s most influential corporations. Leading the customer acquisition numbers is the US, followed closely by the UK & France, demonstrating TAC Security’s broad geographic reach, with new clients spread across the US, Japan, China, India, and other key markets.
An ace investor, Vijay Kedia owns 11,47,500 shares or 10.95 per cent stake and his son - Ankit Vijay Kedia owns 3,82,500 shares or 3.65 per cent stake in the company as of September 2024. The stock gave multibagger returns of 192.6 per cent from its 52-week low of Rs 261.10 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.