Quick Heal Technologies Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹743 Cr
- ROE
- -3.82%
- Price to sales
- 2.99
- Debt to equity
- 0.00
- 52W high / low
- ₹326 / ₹126
- Sales growth (5Y)
- -4.76%
- EBITDA margin
- -14.96%
- Net profit margin
- -6.42%
- Promoter holding
- 71.48%
- Sales (last year)
- ₹249 Cr
Quick Heal Technologies is engaged in the business of providing security software products. The Company caters to both domestic and international market.
Guidance scorecard · Q2 FY27 call
What Quick Heal Technologies Ltd's management guided
and where it ranks in IT - Software
RevenueQ4 FY26 call
10–20%- Quick Heal anticipates the enterprise vertical to be the primary growth driver over the next 2-3 years, targeting it to comprise 80-90% of revenue.
- Enterprise business showed consistent growth, especially in government and BFSI segments, supported by increased deferred revenue and a strong order book.
- Strategic investments are being made to expand in South East Asia, Middle East, Africa, and Latin America.
- Cloud adoption in security solutions is increasing rapidly, now contributing 40% to EPP and EDR deployments, up from 20% two years ago.
- New offerings like Digital Risk Protection Services (DRPS), Ransomware Recovery as a Service (RRAS), and data privacy solutions are expected to gain traction with increased regulatory compliance needs.
2 more points from Quick Heal Technologies Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Quick Heal Technologies Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
- The company continues to invest significantly in R&D, fully expensing these investments in the year incurred.
- Strategic investments have been made in expanding market presence in South East Asia, Middle East Africa, and Latin America.
- Investment focus on AI-driven technologies, threat intelligence, data privacy, and scalable global capabilities to stay ahead in the cybersecurity industry transformation.
2 more points from Quick Heal Technologies Ltd's call on capex
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FundraisingQ4 FY26 call
See what Quick Heal Technologies Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- Current order book stands at Rs. 55 crores for FY’26, up from Rs. 6 crores in FY’25.
- Deferred revenue increased to Rs. 34 crores from Rs. 14 crores in the previous year.
- Successfully executed a cyber literacy order received in February 2025.
- Secured an additional order worth Rs. 64 crores related to the implementation of integrated cybersecurity solutions.
2 more points from Quick Heal Technologies Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Software
on management's own guidance
- Strong growth2
- Strong growth1
- CapitalNumbersGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
IT - Software companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹569 Cr | 34.7 | |
| 2 | 40%+ | Flat | ₹336 Cr | 7.3 | |
| 3 | CapitalNumbers | 20–40% | Up 2%+ | ₹181 Cr | 9.2 |
| 4 | 20–40% | Up 2%+ | ₹159 Cr | 11.5 | |
| 5 | 20–40% | Up 0–2% | ₹1,826 Cr | 28.5 | |
| 6 | 20–40% | Flat | ₹4,341 Cr | 84.7 |
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Pro shows every company guiding 40%+ revenue growth →Full IT - Software rankingFinancials of Quick Heal Technologies Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Quick Heal Technologies Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 72.76% | 72.48% | 72.44% | 72.08% | 71.92% | 71.82% | 71.79% | 71.63% | 71.54% | 71.50% | 71.48% | 71.46% |
| FIIs + | 1.66% | 1.65% | 1.54% | 1.61% | 1.81% | 2.03% | 1.16% | 0.50% | 0.45% | 0.73% | 0.46% | 0.40% |
| DIIs + | 1.44% | 2.06% | 2.41% | 2.62% | 2.84% | 2.63% | 2.58% | 2.33% | 2.29% | 1.16% | 0.00% | 0.00% |
| Public + | 24.13% | 23.81% | 23.61% | 23.68% | 23.42% | 23.52% | 24.46% | 25.53% | 25.73% | 26.62% | 28.08% | 28.16% |
| No. of Shareholders | 50,249 | 46,923 | 46,799 | 47,781 | 47,720 | 49,837 | 53,856 | 55,910 | 56,030 | 56,399 | 62,251 | 61,888 |
Financials of Quick Heal Technologies Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 78.36 | 81.92 | 80.03 | 70.29 | 73.49 | 70.61 | 65.14 | 57.23 | 83.52 | 71.54 | 48.73 | 44.99 | 64.93 |
| Expenses + | 67.39 | 70.30 | 69.99 | 67.70 | 70.42 | 74.38 | 73.62 | 66.96 | 74.29 | 71.09 | 78.05 | 62.56 | 62.63 |
| Operating Profit | 10.97 | 11.62 | 10.04 | 2.59 | 3.07 | -3.77 | -8.48 | -9.73 | 9.23 | 0.45 | -29.32 | -17.57 | 2.30 |
| OPM % | 14.00% | 14.18% | 12.55% | 3.68% | 4.18% | -5.34% | -13.02% | -17.00% | 11.05% | 0.63% | -60.17% | -39.05% | 3.54% |
| Other Income + | 5.69 | 4.15 | 6.82 | 5.06 | 5.20 | 4.91 | 5.60 | 5.75 | 4.38 | 8.95 | 3.75 | 14.10 | 8.34 |
| Interest | -0.00 | -0.00 | 0.13 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.05 | 0.06 | 0.03 | -0.00 | 0.53 |
| Depreciation | 3.25 | 3.24 | 3.18 | 2.79 | 3.15 | 3.39 | 3.63 | 2.96 | 3.28 | 3.59 | 4.07 | 3.85 | 5.78 |
| Profit before tax | 13.41 | 12.53 | 13.55 | 4.81 | 5.07 | -2.31 | -6.57 | -7.00 | 10.28 | 5.75 | -29.67 | -7.32 | 4.33 |
| Tax % | 3.80% | 19.71% | -3.62% | 16.22% | 18.15% | -104.76% | -50.53% | -21.29% | 23.05% | -14.96% | -32.79% | -27.87% | -33.95% |
| Net Profit + | 12.90 | 10.06 | 14.04 | 4.03 | 4.15 | 0.11 | -3.25 | -5.51 | 7.91 | 6.61 | -19.94 | -5.28 | 5.80 |
| EPS in Rs | 2.43 | 1.89 | 2.62 | 0.75 | 0.77 | 0.02 | -0.60 | -1.02 | 1.46 | 1.22 | -3.68 | -0.97 | 1.07 |
Financials of Quick Heal Technologies Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 286 | 302 | 300 | 318 | 315 | 286 | 333 | 342 | 278 | 292 | 280 | 261 | 230 |
| Expenses + | 194 | 200 | 210 | 198 | 187 | 195 | 192 | 235 | 276 | 274 | 286 | 290 | 274 |
| Operating Profit | 92 | 102 | 90 | 120 | 128 | 92 | 141 | 107 | 2 | 18 | -7 | -29 | -44 |
| OPM % | 32% | 34% | 30% | 38% | 41% | 32% | 42% | 31% | 0.7% | 6% | -2.4% | -11% | -19% |
| Other Income + | 8 | 10 | 25 | 30 | 33 | 31 | 24 | 19 | 22 | 21 | 21 | 23 | 35 |
| Interest | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 0 | 1 |
| Depreciation | 20 | 24 | 31 | 27 | 24 | 22 | 19 | 17 | 16 | 13 | 13 | 14 | 17 |
| Profit before tax | 80 | 88 | 84 | 123 | 137 | 101 | 146 | 109 | 8 | 26 | 1 | -21 | -27 |
| Tax % | 33% | 34% | 37% | 33% | 33% | 27% | 27% | 23% | 20% | 8% | -404% | -47% | |
| Net Profit + | 54 | 58 | 53 | 83 | 92 | 74 | 107 | 83 | 6 | 24 | 5 | -11 | -13 |
| EPS in Rs | 8.81 | 8.27 | 7.59 | 11.79 | 13.01 | 11.59 | 16.66 | 14.34 | 1.21 | 4.53 | 0.93 | -2.01 | -2.36 |
| Dividend Payout % | 85% | 30% | 33% | 25% | 15% | 35% | 24% | 31% | 207% | 66% | -0% | -0% |
Financials of Quick Heal Technologies Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 61 | 70 | 70 | 70 | 71 | 64 | 64 | 58 | 53 | 54 | 54 | 54 | 54 |
| Reserves | 270 | 559 | 592 | 653 | 719 | 580 | 687 | 570 | 367 | 383 | 387 | 382 | 382 |
| Borrowings + | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 30 |
| Other Liabilities + | 97 | 88 | 72 | 57 | 63 | 52 | 75 | 88 | 74 | 76 | 83 | 110 | 103 |
| Total Liabilities | 428 | 717 | 734 | 781 | 853 | 697 | 827 | 716 | 493 | 513 | 525 | 547 | 569 |
| Fixed Assets + | 111 | 142 | 185 | 173 | 165 | 158 | 146 | 137 | 124 | 117 | 119 | 122 | 149 |
| CWIP | 74 | 55 | 14 | 14 | 11 | 3 | 2 | -0 | 0 | 3 | 0 | -0 | 1 |
| Investments | 130 | 115 | 182 | 306 | 390 | 310 | 416 | 318 | 198 | 190 | 179 | 213 | 264 |
| Other Assets + | 113 | 405 | 353 | 287 | 288 | 225 | 263 | 261 | 171 | 203 | 226 | 212 | 155 |
| Total Assets | 428 | 717 | 734 | 781 | 853 | 697 | 827 | 716 | 493 | 513 | 525 | 547 | 569 |
Financials of Quick Heal Technologies Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 77 | 78 | 36 | 94 | 61 | 71 | 99 | 80 | 31 | 18 | -22 | 15 |
| Cash from Investing Activity + | -53 | -163 | -73 | -122 | -37 | 148 | -92 | 126 | 185 | 6 | 16 | -26 |
| Cash from Financing Activity + | -18 | 189 | -20 | -19 | -24 | -221 | 0 | -214 | -212 | 2 | -10 | 3 |
| Net Cash Flow | 7 | 104 | -57 | -47 | 1 | -3 | 6 | -9 | 4 | 26 | -17 | -8 |
| Free Cash Flow | 11 | 42 | 2 | 80 | 54 | 60 | 90 | 79 | 32 | 12 | -36 | 6 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 116% | 92% | 73% | 100% | 91% | 114% | 90% | 106% | 2,064% | 102% | 325% | -80% |
Financials of Quick Heal Technologies Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 83 | 112 | 118 | 118 | 145 | 144 | 165 | 184 | 161 | 165 | 218 | 192 |
| Inventory Days | 181 | 144 | ||||||||||
| Days Payable | 864 | 1,103 | ||||||||||
| Cash Conversion Cycle | -600 | -847 | 118 | 118 | 145 | 144 | 165 | 184 | 161 | 165 | 218 | 192 |
| Working Capital Days | -23 | 29 | 49 | 70 | 92 | 94 | 98 | 102 | 83 | 88 | 125 | 59 |
| ROCE % | 24% | 18% | 14% | 18% | 18% | 14% | 21% | 15% | 0% | 6% | -0% | -6% |
Guidance history
How Quick Heal Technologies Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Flat | — | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q1 FY26 call → | 0–10% | Flat | — | — | Flat |
| Q3 FY25 call → | 10–20% | Down 0–2% | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
8 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −57.6% | 2% |
| Last 6 months | −17.9% | 22% |
| Last 3 months | −13.9% | 31% |
The price is 83.1% below its all-time high of ₹811.7 (11 Oct 2024). Stocks more than 20% below their peak have their score halved, so 16 became 8.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Quick Heal Technologies Ltd: 0.4 × 2 + 0.4 × 22 + 0.2 × 31 = 16, halved to 8 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Quick Heal Technologies Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY24 earnings call analysis →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q4 FY23 earnings call →
- Q3 FY23 earnings call →
- Q2 FY23 earnings call →
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