The cybersecurity sector in India is rapidly evolving, driven by increasing digitalization and a growing awareness of cyber threats.
According to reports, as of 2023, the Indian cybersecurity market is projected to reach approximately USD 6 billion, with expectations to account for 5 percent of the global market by 2028, reflecting a compound annual growth rate (CAGR) of over 30 percent.
The Indian market presents promising opportunities for investors looking to capitalize on this trend, with several companies positioned for significant growth.
Listed below are such cybersecurity companies with good financials:
With a market capitalization of Rs. 564 crores, the shares of TAC Infosec started Thursday’s trading session on a higher note at Rs. 540, compared to its previous close of Rs. 538.10. During the trading session, the shares hit a high of Rs. 546, gaining around 2 percent and are currently trading at the same price.
Looking at the company’s financial performance, the revenue increased by 16 percent from Rs. 10 crores during FY22-23 to Rs. 11.62 crores in FY23-24. In addition, the net profits zoomed by 25 percent from Rs. 5.07 crores to Rs. 6.33 crores during the same period.
TAC Security debuted on NSE Emerge on April 5, 2024, with a 174 percent premium over the offer price. Backed by stock market expert Vijay Kedia, the company raised 29.99 crores through its IPO and received bids exceeding 1 billion dollars, resulting in an oversubscription of 422 times.
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 44.86 percent and a return on capital employed (RoCE) of 45.80 percent for the period spanning FY23-24. Additionally, during the same period, the net profit margin stood at 54.49 percent.
With a market capitalization of Rs. 3,013 crores, the shares of Quick Heal Technologies started Thursday’s trading session on a higher note at Rs. 569 compared to its previous close of Rs. 560.95. During the trading session, the shares hit a low of Rs. 556.35, losing around 1 percent and are currently trading at Rs. 557 apiece.
Looking at the company’s financial statements, the revenue increased by 5 percent from Rs. 278 crores during FY22-23 to Rs. 292 crores in FY23-24. On the other hand, the net profits magnified by 300 percent from Rs. 6 crores to Rs. 24 crores during the same period.
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 5.54 percent and a return on capital employed (RoCE) of 5.99 percent for the period spanning FY23-24. Additionally, during the same period, the net profit margin stood at 8.30 percent.
Moreover, the company has a debt-to-equity ratio of ‘zero’ which means that the business hasn’t relied on borrowing to finance operations.
According to the BSE data, Ace Investor Mr Mukul Agrawal entered the stock in March 2024, by acquiring approximately 7 lakh equity shares equivalent to a 1.31 percent stake in this company. The current holding value of his investment amounts to Rs. 39.3 crores.
With a market capitalization of Rs. 689 crores, the shares of R S Software started Thursday’s trading session on a lower note at Rs. 262 compared to its previous close of Rs. 268.50. During the trading session, the shares hit a high of Rs. 270, gaining around 1 percent and are currently trading at Rs. 267 apiece.
Looking at the company’s financial performance, the revenue zoomed by 100 percent from Rs. 30 crores during FY22-23 to Rs. 60 crores in FY23-24. In addition, the net profits showcased a transition from a net loss of Rs. 9 crores to a net profit of Rs. 18 crores during the same period.
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 37.22 percent and a return on capital employed (RoCE) of 35.68 percent for the period spanning FY23-24. Additionally, during the same period, the net profit margin stood at 30.82 percent.
Written By Vaibhav Patil
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
