Given the necessity for security as well as the IT sector’s quick growth, the cybersecurity industry is anticipated to have a sizable share of the IoT (Internet of Things) market. By 2028, the worldwide IoT market is predicted to reach USD 1,854.76 billion (Source: IBEF).
The companies operating in this sector will experience tremendous growth. The cybersecurity stocks in India will reap strong yields in years to come.
Overview of the cybersecurity industry
As businesses, authorities, and individuals depend progressively more on IT systems—which are susceptible to malevolent activity—cybersecurity is growing increasingly vital. Businesses of all sizes now prioritise security as a result of this digital transition. Earnings from its two main products, security services as well as cyber solutions, are included in the cybersecurity industry.
Cyber solutions are a collection of goods and services created to meet the unique cybersecurity needs of businesses, successfully coordinating with their security plans and risk environment.
The term security services describes a variety of services or an overall procedure that improves the defence and security plan of a company against typical cybercrimes (ransomware, malware, and phishing).
Also read: Best Mid Cap IT Stocks to Invest in India for 2024.
By earning Tier 1 designation in the International Telecommunication Union (ITU) 2024 Global Cybersecurity Index (GCI), India has reached a significant landmark in its cybersecurity trajectory (Source: IBEF). India currently ranks among role-model countries with a remarkable score of 98.49 out of 100, indicating a high adherence to international cybersecurity regulations.
3 top cybersecurity stocks 2024
The 3 top cybersecurity stocks based on market capitalisation are listed below.
Sasken Technologies Ltd
Offering chip-to-cognition as well as concept-to-market research and development services to worldwide leaders, Sasken has a well-established presence in digital transformation and product engineering.
Sasken holds many patents. Sasken has been meeting the needs of over a hundred Fortune 500 firms for over three decades, and its services and intellectual property have powered over a billion products. Thus, the company is one of the best cybersecurity stocks.
Quick Heal Technologies Ltd.
The company is in the trade of offering security software. The business serves both the domestic as well as foreign markets.
The US AISIC (US AI Safety Institute Consortium) is essential to the creation of novel techniques for assessing AI technologies to improve their reliability and safety. The company joined the US AISIC this year, making it the sole Indian corporation with a cybersecurity emphasis.
They recently partnered with the National Cybersecurity Center of Excellence for Data Classification at the National Institute of Standards and Technology. It displays the company’s dedication to improving safety and AI reliability.
The chart below shows that 62% of the company’s clients are private individuals whereas 38% use Quick Heal for business needs.
| Client types | Percentage contribution |
| Enterprise | 62.0% |
| Consumer | 38.0% |
Source: Quick Heal Technologies Earnings Presentation (17 October, 2024)
Expleo Solutions Ltd.
A software service business with headquarters in India, Expleo Solutions Ltd. mainly offers software validation as well as verification products to the global BFSI (Banking, Financial services and Insurance) sector.
For the fiscal year 2023–2024, total operational earnings were ₹ 9,648.70 Mn, a 6.82% growth above the prior year. The net worth was ₹ 5,449.91 million as of 31 March 2024, compared to ₹ 4,731.83 million after the prior fiscal year (detailed revenue in table below).
| Industry | Q2F25 (%) | Q1F25 (%) | Q2F24 (%) |
| BFSI | 76.8 | 77.3 | 76.2 |
| Aero | 11.6 | 9.9 | 10.04 |
| Auto | 11.4 | 12.0 | 11.8 |
| Transportation | 0.2 | 0.8 | 1.6 |
Stock comparison of 3 best cybersecurity stocks
The table shows the current market trends of the top cybersecurity stocks based on market capitalisation.
| Name | P/E | Mar Cap (₹ Cr.) | Div Yield (%) | NP Qtr (₹ Cr.) | Qtr Profit Var (%) | Sales Qtr (₹ Cr.) | ROCE (%) |
| Sasken Technologies Ltd. | 51.00 | 3297.80 | 1.19 | 12.28 | -33.35 | 135.03 | 12.01 |
| Quick Heal Technologies Ltd. | 101.79 | 3286.19 | 0.50 | 4.15 | -67.83 | 73.49 | 5.69 |
| Expleo Solutions Ltd. | 18.93 | 2067.30 | 0.00 | 35.49 | 72.95 | 259.26 | 20.49 |
Also read: Equity vs Preference Shares: What You Need to Know.
The road ahead for top cybersecurity stocks
The National Association of Software and Services Companies expects the Indian IT sector to grow to a value of $350–400 billion by 2025 (Source: IBEF). Considering the current situation and the potential for quick expansion, India ought to strive to develop a $35 billion cybersecurity product as well as services business by 2025, with a million qualified workers in the security field, to meet the growing demand from across the world.
The decision-makers of the best cyber security stocks in India believe in the Indian administration’s commitment towards cybersecurity. According to PwC India’s Digital Trust Insights 2025 research, a noteworthy 93% of Indian leaders anticipate an upsurge in cybersecurity spending in the upcoming year, with 17% anticipating an expansion of 15% or above (Source: IBEF).
Also read: Best IT Stocks in India for Long-Term Growth
Bottomline
The trajectory of information technology has made cybersecurity empirically necessary. Investing in top cybersecurity stocks will ensure your success not only at the present but also in the future. However, one has to maintain caution.
FAQs
- What is the best cybersecurity stock to buy?
Indian cybersecurity companies frequently serve both the local and international markets. These businesses may profit from worldwide demand since cybersecurity is a global problem.
Currently, Sasken Technologies Ltd. heads the market based on market capitalisation.
- Which is the best cybersecurity stock in India?
India has become a centre for technological innovation. Numerous cybersecurity companies in this area are leading the way in creating innovative solutions, which might introduce investors to ground-breaking innovations. Sasken Technologies Ltd. heads the market based on market capitalisation.
- What 5 stocks to buy in India?
Indian economy is experiencing a prolonged period of prosperity. While keeping a secure buffer, the stock markets are rising sharply.
The market for cybersecurity in India is growing quickly as a result of an increase in cyber threats and growing digitisation. Higher returns for investors might result from this development prospect.
- What are the top 10 cybersecurity companies?
There are several great cybersecurity companies. However, companies like Microsoft Security, CISCO, and Astra Security are setting cybersecurity landmarks in the world. The 3 top cybersecurity stocks in India are Sasken, Quick Heal and Expleo.
Demand for cybersecurity businesses is frequently stronger, which can result in better financial efficiency and possibly higher stock prices.
- Which Big 4 is best for cybersecurity?
People with experience from the Big 4 are being hired by cybersecurity consulting businesses. Strong cybersecurity is essential in an increasingly digital society. Cybersecurity equities are a protective addition to a portfolio as they may help reduce the risks brought on by cyberattacks.
