TAC Infosec (NSE:TAC) Net-Net Working Capital : ₹5.24 (As of Sep. 2023)

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What is TAC Infosec Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

TAC Infosec's Net-Net Working Capital for the quarter that ended in Sep. 2023 was ₹5.24.

The industry rank for TAC Infosec's Net-Net Working Capital or its related term are showing as below:

NSE:TAC's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Software industry.
Industry Median: 8.74
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

TAC Infosec Net-Net Working Capital Historical Data

The historical data trend for TAC Infosec's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TAC Infosec Net-Net Working Capital Chart

TAC Infosec Annual Data

Trend

Mar21

Mar22

Mar23

Net-Net Working Capital

0.80

3.87

TAC Infosec Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Net-Net Working Capital	0.80	0.80	3.87	5.24

Competitive Comparison of TAC Infosec's Net-Net Working Capital

For the Software - Application subindustry, TAC Infosec's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TAC Infosec's Price-to-Net-Net-Working-Capital Distribution in the Software Industry

For the Software industry and Technology sector, TAC Infosec's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where TAC Infosec's Price-to-Net-Net-Working-Capital falls into.

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TAC Infosec Net-Net Working Capital Calculation

TAC Infosec's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

	Net-Net Working Capital		(A: Mar. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(28.737	+	0.75 * 43.665	+	0.5 * 0	-	20.96
-	0	-	0)	/	10.480
=	3.87

TAC Infosec's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

	Net-Net Working Capital		(Q: Sep. 2023 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(31.314	+	0.75 * 64.798	+	0.5 * 0	-	25.012
-	0	-	0)	/	10.480
=	5.24

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.

TAC Infosec (NSE:TAC) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.

TAC Infosec Net-Net Working Capital Related Terms

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TAC Infosec Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

CST Road, 91 Springboard, Kagalwala House, 01st Floor, C Block, 175, CST Road, Kalina, Santacruz East, Mumbai, MH, IND, 400098

Website

https://www.tacsecurity.com

TAC Infosec Ltd is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification, and services of Penetration testing to organizations of any scale, size, and business through the SaaS model. It offers security software products and solutions both in India and internationally. and its end customers are Banks and Financial Institutions, government regulatory bodies and departments, and large-scale enterprises (including business offices) like HDFC, Bandhan Bank, BSE, etc. Its flagship software product is ESOF (Enterprise Security in One Framework) which is a vulnerability management platform consisting of various product portfolios namely ESOF Appsec, ESOF VMP, ESOF VACA, ESOF PCI ASV, and ESOF CRQ.