Cybercrime has increased in India for the last five years in this digital world. Hence cyber security has become the most critical factor in protecting our data. It measures over in business and more on technology.
Due to the government, the cyber security companies has grown, and people are investing in the best cyber security stocks with excellent performance in the upcoming year.
In this article, we will discuss the cyber security companies stocks in India in 2023.
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Best Cyber Security Companies stocks in India 2023
- Explore solutions
- Quick heal technologies
- R.s.software
- Sasken technologies
- Securekloud technologies
In past years cyber security companies has rapidly increased in India due to cybercrime. This led to better stocks in the cyber security companies. Let’s have a look at them.
| Cyber security Companies Stocks | Base Price | NSE Price |
| Expleo solutions | 1232.00- 1.57% | 1232.00-1.64% |
| Quick heal technologies | 141.45-0.63% | 17,003.45-0.56% |
| R.s.software | 23.42-0.63% | 23.35 -1.68% |
| Sasken technologies | 788.75 -2.78% | 790.00 -2.66% |
| Securekloud technologies | 44.00 1.62% | 44.00 0.23% |
Expleo Solutions
Expleo Solutions is a global engineering technology in the Indian cyber security companies stocks market; They specialize in providing secure cloud services, such as web application security, digital transformation, and Vulnerability Remediation Services.
Additionally, Expleo Solutions offers a range of solutions for risk management, compliance, and third-party security solutions.
In 2021 it partnered with TEHTRIS, the French enterprise, especially in cybersecurity services. cyber security companies implements cyber security strategies and assets to ensure cybercrime and provides complex systems to clients in India, Europe, North Africa, and many more.
It has grown its revenue by 13.7% of the cagr in the last three years, which is high business from the clients, and the net profit is a CAGR of 10.5%.
Quick Heal Technologies
Quick Heal Technologies is a company whose name is related to antivirus software; established in 1995, it is involved in the cyber security market.
It is around 47 countries and has a 30% share market in India. Cyber security companies offers various services across data encryption, data loss, prevention, network security, and mobility management.
Their product range includes antivirus and anti-spyware as well as firewall solutions. Quick Heal Technologies offers data security services and solutions to assist companies in protecting their data from possible threats.
It has a 4.4% CAGR on the high market penetration and a net profit CAGR of 3.8%.
Sasken Technologies
It is an Indian Multinational Technology Company based in Banglore that offers product engineering and digital transformation services.
It serves in semiconductors, automotive, consumer electronics, and telecommunication.
Sasken also created a secure cyber mesh to protect business operations in distributed cloud and computing platforms. It can be deployed at any network stage, from the data source to the application layer, to protect businesses as the company focuses on future technologies like 5G, Artificial Intelligence, machine learning, and the internet of things (IoT).
It had a diverse revenue mix in December 2022; North America, Europe, and India contributed 29%, 25%, and 31%, respectively. The company’s revenue has experienced slow growth over the past three years. Its profit grew at 17.6% CAGR.
The return on equity has increased from 16.6% to 19%. The average five-year dividend payout of the company is 48.3%, and the average five-year dividend yield is 3.2%.
Their services include identity and access management, vulnerability assessment, and penetration testing. They also offer application security and cloud security solutions. They also provide solutions for compliance, risk management, and secure file sharing and storage.
R.S.Software
R.S.Software is India’s leading provider of cyber security companies stocks solutions. This company provides payment technology solutions for financial institutions, payment network providers, and payment processors.
It has created unique payment platforms such as Unified Payments Interface (UPI) and Bharat Billing Payment Solution in India.
Cyber security stocks is becoming more critical due to the increasing use of digital payments. It also created an enterprise fraud risk management framework (EFRM) for all payment channels.
This framework helps to detect and prevent fraud early in the transaction’s lifecycle. The company’s introduction of risk prevention services has made it a strong contender for growth. It also has a solid presence in payment technology solutions.
The company also offers many other services, including endpoint security and network security, as well as application security solutions such as payment modernization, data management, analytics, electronic bill payments, and tokenization.
Its revenue increased by 32.8% YoY, and its net loss fell to Rs 7 million in the December 2022 quarter, and it will continue to grow its existing business and focus on cross-selling.
SecureKloud Technologies
SecureKloud Technologies, one of India’s most trusted cyber security companies stocks solution providers, offers a broad range of security products and services.
The company was formerly known as 8K Miles Software. They provide a full range of cyber security stocks services, including vulnerability assessment, penetration testing, identity management, incident response, and analysis. It also offers products and frameworks that solve problems related to enterprise security, cloud computing, and blockchain.
Amazon Web Services and Microsoft Azure, IBM, Google Cloud Platform, and CA Technologies are the partners of this.
It has a reputation for serving clients like Novartis and GE Healthcare, Red Hat, and Google, as well as other healthcare, financial, and entertainment companies.
SeccureKloud has also entered cyber security services as the world moves towards the cloud. It has integrated cyber security into the cloud infrastructure, adding security at every level. The company offers cloud compliance services that are industry-specific for complex cloud environments.
The company has so far worked with more than 250 clients from different industries and prevented over 10,000 cyber attacks. Its revenue has fallen to half in the past three years due to a change in its business strategy to disengage high-volume, low-margin profits.
The company’s December 2022 quarter saw a 27.5% YoY increase in revenue and a half-off in net losses.
Conclusion
The best cyber security companies stocks for India in 2023 will be those with a track record of providing robust security solutions and a strong presence on the Indian market.
They must also be able to respond quickly to new threats. Investors should seek out financially sound companies with strong management teams that are economically stable. These will ensure that long-term investments in these stocks are well-received.
