The share price of this recently listed IT firm engaged in providing vulnerability management hit a 5 percent upper circuit to an intraday high of Rs 551.5 per share on Friday after the firm added over 500 clients to its customer base.
With a market capitalization of Rs 577.95 crores, the shares of TAC Infosec Limited hit a 5 percent upper circuit and closed at Rs 551.50 per share on Friday’s market hours.
What happened:
According to TAC Infosec Limited’s recent stock exchange filings, the company has added over 500 new prominent clients, namely Autodesk, Salesforce, Zoominfo, Dropbox, Blackberry, Xerox, Brady Corporation, FAO of the United Nations, FUJIFILM, CASIO, Nissan Motors, Juspay, One Card, Zepto, and MPL all in the first quarter of FY2025.
The filings also mention that TAC Infosec Limited aims to become the world’s largest vulnerability management company by March 2026 by acquiring 10,000 customers worldwide. Also, by the end of March 2025, the company has short-term plans to add more than 3,000 new customers to its portfolio.
“We have surpassed our expectations with the addition of 250 clients in June 2024 alone, bringing our total to over 500 new clients in the first quarter,” stated Trishneet Arora, Founder & CEO of TAC InfoSec.
Financials:
Reviewing the financials of TAC Infosec Limited on a year-on-year basis, the revenues rose by 16.2 percent from Rs 10 crores in FY23 to Rs 11.62 crores in FY24. In the same time frame, the net profits increased from Rs 5.07 crores to Rs 6.33 crores, demonstrating a 24.8 percent increase.
Ratios:
In terms of return ratios for the year 2024, it has reported a return on equity (ROE) of 44.86 percent and a return on capital employed (ROCE) of 45.80 percent. It has also reported a net profit margin of 54.49 percent for the same year.
Share Price Movement:
The shares of this newly listed company have delivered a total return of 72.5 percent over the past year. TAC Infosec’s IPO bidding began on March 27, 2024, and closed on April 2, 2024. The IPO allotment was finalized on April 3, 2024, and the shares were listed on the NSE SME on April 5, 2024, at a listing price of Rs 106 per share.
Shareholding Pattern:
As of March 2024, the firm’s shareholding pattern stood at 78 percent for promoters and the rest 22 percent for the public.
About the Company:
TAC Infosec Limited, founded in 2016, provides risk-based solutions for vulnerability management, cybersecurity assessment, quantification, and penetration testing using a SaaS model.The Company offers security software products and solutions both in India and internationally.
Written By Zahal
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