Takyon Networks Ltd

BSE: 544471

₹ 15.11-5.56%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 22 crWebsite: www.takyon.co.inUpdated: 24 Oct 2026

About

Takyon Networks Ltd provides IT networking, cybersecurity and related supply, installation and services work, mainly to government and public-sector customers in India. It reported FY26 revenue of 71.05 crore and PAT of 3.65 crore. In FY26, 85% of revenue came from government customers and 15% from enterprises. The confirmed executable order book stood at ₹32 cr as of March 31, 2026.^[1][2]

Business mix

Revenue mix in FY26: 85% government and 15% enterprise. Management described the current split as 60% state government, 25% PSU and 15% enterprise.^[2]
Supply-and-installation versus services split was 55:45 in H1FY26, compared with 60:40 earlier.^[3]
Corporate clients made up about 20% of revenue in H1FY26. Management said government customers once accounted for about 95% of the business, 2-3 years earlier.^[3]

Services and partners

Works in IT networking: switches, firewalls, compute hardware and storage, plus recurring services.^[2]
Cybersecurity is a cross-vertical offering for government, corporate and public-sector customers, using OEM partnerships with Palo Alto, Checkpoint and CrowdStrike (as of Q2 FY26).^[3]
Runs awareness work with existing customers on the DPDP Act, which is producing enquiries. Management said order outcomes were not yet certain as of Q4 FY26.^[2]

Order book

Confirmed executable order book of ₹32 cr as of March 31, 2026: ₹12 cr of recurring services billed quarterly and ₹20 cr of supply/installation. This compares with over 56 crores in H1FY26.^[2][3]
Management expects to bill ₹20-22 cr of the order book in H1FY27, with ₹4-5 cr spilling into later years from multi-year contracts.^[2]
Fresh orders of ₹3.2 cr were received in the 45 days after March 31, 2026.^[2]
Average contract ticket size was 3-5 cr in H1FY26.^[3]

Customers

About 60% of business comes from existing clients, and 30-40% new clients are added each year. The support portal had 400-500 customers (H1FY26).^[3]
Management's target mix within 2-3 years is 30% state government, 40% PSUs and 30% enterprise (stated Q4 FY26).^[2]
BFSI was described as very minimal in the order book and is now a special focus vertical (Q4 FY26).^[2]

Expansion

A senior technical-commercial hire was made in Mumbai to serve BFSI customers. The seven sister states in East India are also a focus, building on existing customers there (Q4 FY26).^[2]
Targeting West India (Rajasthan) and power utilities such as NTPC, NHPC and Power Grid Corporation (Q2 FY26).^[3]
Shifting more procurement to Make in India product lines to reduce exposure to global hardware supply shocks.^[2]

Recent developments

Revenue was ₹28.97 cr in H2FY26 vs ₹42.08 cr in H1FY26. Management attributed the fall to AI-driven component price inflation of 40-300%+ and lead times of 9-52 weeks.^[2]
Fixed-price contracts were deferred in FY26. Total liabilities fell from ₹50 cr to ₹12.20 cr and trade payables from ₹30.21 cr to ₹3.77 cr.^[2]
Bihar projects worth about ₹30 cr were not executed in FY26 because of material unavailability, state elections and administrative delays.^[2]
New contracts now carry price escalation clauses and vendors have been diversified. OEM prices are locked for the existing ₹32 cr order book (Q4 FY26).^[2]
High-cost borrowings were reduced using IPO proceeds (Q2 FY26).^[3]

Market Cap

₹22 Cr

High / Low

₹56 / 15

Stock P/E

5.9

Price / Book

0.0

Book Value

₹40

EPS

₹2.5

No. of Shares

1.43 Cr

ROCE

10.1%

ROE

6.3%

OPM

8.9%

Debt / Equity

0.12

Sales

₹71 Cr

Net Profit

₹4 Cr

Promoter holding

73.5%

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