Vijay Kedia’s portfolio multibagger IT-software company reports robust Q1FY25 performance with 93.81 per cent revenue growth & 94.45 per cent profit increase!
The stock gave multibagger returns of 120 per cent from its 52-week low of Rs 261.10 per share.
TAC Infosec Limited was founded in 2016 and offers risk-based solutions for vulnerability management and assessment, cyber security quantification, and penetration testing in a SaaS model. It protects Fortune 500 companies, leading enterprises, and governments worldwide. TAC Security manages 5 million vulnerabilities through its Artificial Intelligence (AI)-based Vulnerability Management Platform, ESOF (Enterprise Security in One Framework). The company has a market cap of over Rs 600 and an ace investor, Vijay Kedia owns a 15 per cent stake in the company as of March 2024.
On Wednesday, shares of TAC InfoSec Limited plunged 1.77 per cent to Rs 575.60 per share with an intraday high of Rs 601.85 and an intraday low of Rs 568.05 from its previous closing of Rs 586.
TAC InfoSec, India's first publicly listed cybersecurity company, has announced impressive financial results for its first quarter of the fiscal year 2025. The company's total revenue surged by 93.81 per cent to Rs 5.14 crore, including Rs 27.8 lakh in other income, compared to the previous quarter. This strong performance was driven by a significant increase in both customer base and global market penetration.
Profitability also soared, with a 94.45 per cent quarter-on-quarter increase in net profit to Rs 2.32 crore. This translates to a robust profit margin of 47.74 per cent. The company's earnings per share reached Rs 2.22, reflecting solid earnings growth. TAC Security's expanding footprint now covers 55 countries, with a remarkable addition of 590 clients in Q1FY25, compared to just 32 in the preceding quarter.
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This rapid growth is a testament to TAC Security's ability to address the increasing global demand for advanced cybersecurity solutions. The company's client portfolio now boasts high-profile international brands such as Salesforce, AutoDesk, Nissan Motors, and Xerox, alongside existing giants like Reliance ADA Group and an American Fortune 10 company. This influx of new clients underscores the trust and confidence major organizations place in TAC Security's cutting-edge cybersecurity offerings.
Earlier this year, TAC made headlines with its oversubscribed IPO worth USD 1 Billion. As the demand for cybersecurity solutions continues to rise globally, TAC Security is well-positioned to capitalise on this trend. Going forward, TAC Security has strategically built a robust pipeline of prospective clients and projects - expected to translate into improved performance in the following quarters. This pipeline, developed through targeted initiatives and strong client relationships, positions the company to further enhance shareholder value in the coming periods
The shares of the company have a 52-week high of Rs 760 and a 52-week low of Rs 261.1. The stock gave multibagger returns of 120 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.
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