Quick Heal Technologies Limited is an India-based cybersecurity products company, engaged in providing cyber security solutions. The Company offers products to retail consumers and enterprises, covering platforms such as personal computers (PCs), laptops, MACs, and Androids. It also provides research-backed enterprise data and network security solutions to organizations and government institutions with varying IT security requirements.
Quick Heal Technologies Limited was initially incorporated as CAT Computer Services Private Limited on August 7, 1995, in Pune. It later changed its name to Quick Heal Technologies Private Limited on August 7, 2007, and subsequently converted to a Public Limited Company, becoming Quick Heal Technologies Limited, on September 8, 2015.
The Company operates through three key segments: Retail, Enterprise and Government, and Mobile. Quick Heal Technologies Ltd is recognized as one of the leading IT security solutions companies in India, offering high-quality, feature-rich IT security products and solutions. It has established its proprietary anti-virus technology under two distinct brands: 'Quick Heal' for the Retail segment and 'Seqrite' for the Enterprise & Government segments.
Quick Heal holds a significant leadership position in the cybersecurity enterprise solutions space in India, with over 30% market share. In FY24, the company distinguished itself by becoming the only Indian cybersecurity firm listed as a U.S. Artificial Intelligence Safety Institute Consortium Member. The company maintains a 30% market share in the retail segment and delivers its products and services across various software and device platforms, catering to business segments from home & SOHO to SMB, Enterprise, and Government. Its extensive network includes certified partnerships with Microsoft since 2008, 21,401 channel partners, 527 Enterprise Partners, 164 Government Partners, and 12 Mobile Distributors.
Quick Heal Technologies Limited specializes in providing security software products and solutions to consumers, small businesses, government establishments, and corporate houses both in India and internationally. The company's offerings are categorized under its Retail, Enterprise and Government, and Mobile segments. It provides robust antivirus solutions for PCs, laptops, Mac, and Windows operating systems.
The company's innovative product portfolio includes:
- GoDeep.AI: A cutting-edge malware hunting engine.
- Seqrite Hawk: A comprehensive cybersecurity solution.
- HawkkEye: A central security management solution.
- HawkHuntXDR: An extended detection and response solution.
- HawkkScan: A data privacy management solution.
- HawkkProtect: A zero-trust user access solution.
- MSSP portal: A managed secured service platform.
- Endpoint Security (EPS): Both on-premise and cloud-based (EPS Cloud).
- EMM-m suite & workspace: An enterprise mobility management solution.
The company's financial performance has shown mixed results, with strong market capitalization but recent declines in revenue and profitability.
- Market Capitalization: ₹1,546.92 Crore
- 52-Week High: ₹825
- 52-Week Low: ₹245
- P/E Ratio: 306.93
- P/B Ratio: 3.58 times
- Revenue: ₹280 Crore
- Net Profit: ₹5.04 Crore
- Annual Performance: For the full financial year 2024-25, net profit declined 79.21% to ₹5.04 crore, compared to ₹24.24 crore in the previous year (FY2023-24). Sales also saw a decline of 4.19% to ₹279.53 crore in FY2024-25, down from ₹291.75 crore in FY2023-24.
- Revenue: Sales declined 18.61% to ₹65.14 crore in the quarter ended March 2025, compared to ₹80.03 crore in the corresponding quarter of the previous year (Q4 FY2023-24).
- Net Loss: Quick Heal Technologies reported a net loss of ₹3.25 crore in Q4 FY2024-25, a significant shift from a net profit of ₹14.04 crore in Q4 FY2023-24.
- Debt-Free Status: The company is almost debt-free, indicating strong financial prudence.
- Promoter Holding: High promoter holding of 71.8% signifies strong confidence from the management.
- Brand Presence & Market Share: Established a strong brand presence in the cybersecurity space with significant market share and diversified product offerings across multiple segments.
- Sales Growth: The company has delivered poor sales growth of -0.47% over the past five years.
- Return on Equity: Low return on equity of 2.05% over the last three years.
- High Debtors & Working Capital: High debtors of 218 days and an increase in working capital days from 175 days to 354 days indicate efficiency challenges.
On May 8, 2025, after market hours, Quick Heal Technologies announced securing an order related to the implementation of a Cyber Literacy Program. This program is expected to be completed within one year. The company clarified that this contract does not involve any related party transactions, and neither the promoter, promoter group, nor any group companies have any interest in the awarding entity.
Quick Heal Technologies operates in the rapidly expanding cybersecurity market, benefiting from established brand recognition and a strong market position. However, the company is currently facing challenges characterized by declining revenue growth and profitability. The stock has experienced significant volatility over the past year, with recent financial results highlighting operational hurdles.
Investors should carefully weigh the company's advantageous debt-free status and market leadership against the backdrop of its recent decline in financial performance when making investment decisions. The company's strategic focus on expanding its enterprise and government segments, coupled with its commitment to technological innovations like AI-powered security solutions, positions it for potential future growth in the evolving cybersecurity market, despite current headwinds.
