Kratikal Tech Limited · BSE:KRATIKAL
Kratikal Tech — H1 FY2027 Earnings Presentation
33 slides from Kratikal Tech's earnings presentation, November 2026
Slide 1: BSE filing cover letter for investor presentation
Date: November 05, 2026 To, The Manager – Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Ref: Kratikal Tech Ltd | ISIN: INE1L0M01019 | BSE Symbol: KRATIKAL| BSE Scrip code: 544811 Sub: Investor Presentation for the half year ended on 30th September 2026 (H1 F
Slide 2: Kratikal Tech Limited Investor Presentation H1 FY27
KRATIKAL TECH LIMITED Investor Presentation H1 FY27
Slide 3: Table of contents
Table of contents 01 Company overview 02 Industry opportunity 03 H1 FY27 Financial performance 04 Annexure 22
Slide 4: Safe harbour
Safe harbour No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the
Slide 5: Our vision
Our vision “ At Kratikal and Threatcop, our vision is to defend the cosmos against cyber threats, and our mission is to secure global infrastructure and safeguard billions of people from identified and unidentified threats. We deliver full-spectrum cybersecurity across people, process and technology
Slide 6: Company overview
01 Company overview 5
Slide 7: Cybersecurity across people, process and technology
Cybersecurity across people, process and technology ₹37 Cr 24.5% ~30% PEOPLE SECURITY FY26 revenue EBITDA margin, FY26 Overseas revenue, FY26 Threatcop Assesses the human risks with fake cyber attacks, REVENUE MIX (FY26) trains employees to spot phishing, and blocks emails that fake the client’s nam
Slide 8: Products scale our reach, Services deepen accounts
Products scale our reach, Services deepen accounts AI-enabled People Services-led Security SaaS SME and enterprise Enterprises Global BFSI Enterprises Government SMEs Global Integrated Channels Partners, distributors and direct offering Channels Digital inbound and direct sales Pricing Per user per
Slide 9: Two verticals, Eight offerings
Two verticals, Eight offerings People Security Management Technology & process security Products: test, train and protect employees Services: find weak spots, get audit-ready TSAT · Multi-channel attack simulation VAPT · Security testing Simulates phishing, QR, messaging and AI-vishing attacks to En
Slide 10: What sets Kratikal apart
What sets Kratikal apart 7–10 01 People, process and technology from one vendor Threatcop simulates attacks and delivers risk-led training; VAPT, audits and vCISO address technical and attack channels tested, incl. AI deepfakes process risks ~7 yrs 02 CERT-In approved auditor Financial regulators re
Slide 11: Case study: A power utility reduces credential theft risk by 55%
Case study: A power utility reduces credential theft risk by 55% CLIENT ENGAGEMENT SECTOR Leading Indian power utility Threatcop Security Awareness Training (TSAT) Power sector 01 02 03 KEY IMPACT THE PROBLEM THE APPROACH THE OUTCOME Phishing risk rooted in Measure the risk, then train A workforce b
Slide 12: Case study: Securing an NBFC Against cyber Attacks
Case study: Securing an NBFC Against cyber Attacks CLIENT ENGAGEMENT OFFERING Non-banking financial company Offensive testing, SCR, AI Pentest, VAPT (Web, VAPT, Compliance Audits and AI- (NBFC) subsidiary Mobile, IT Infra, Cloud, etc.) Driven VM Platform 01 02 03 KEY IMPACT THE PROBLEM THE APPROACH
Slide 13: Case study: SOC 2 and ISO 27001 for a medtech wearable
Case study: SOC 2 and ISO 27001 for a medtech wearable CLIENT ENGAGEMENT OFFERING A medical wearable technology Unified SOC 2 and ISO 27001 program Compliance and external audit company support 01 02 03 KEY IMPACT THE PROBLEM THE APPROACH THE OUTCOME Cardiac health data, no One control set, two Audi
Slide 14: Diversified revenue, across sectors
Diversified revenue, across sectors Revenue mix (H1 FY27) Revenue by geography Industry mix (H1 FY27) Share of revenue by client industry ₹5.5 Cr 25% export revenue, export share, H1 Tech & software 30% ₹22.3 Cr H1 FY27 FY27 H1 FY27 BFSI & NBFC 25% India vs exports, % of revenue Manufacturing 15% FY
Slide 15: Strong cross-selling potential
Strong cross-selling potential Start Expand Retain Win a first engagement with one Add products, services and Repeat orders keep building the product or service group companies account FIRST ENGAGEMENT EXPANSION RENEWAL Leading e-commerce Client Added in FY25 TSAT Orders to date 7 marketplace First
Slide 16: Two growth engines, both up over 2.5× in two years
Two growth engines, both up over 2.5× in two years Historical Performance Product suite Assesses the human risks with fake 4 products REVENUE · ₹ CR cyber attacks, trains employees to spot TSAT · TDMARC · TLMS · TPIR phishing, and blocks emails that fake the Pricing model FY24 6.4 client’s name Per
Slide 17: Run by technocrats who built the products
Run by technocrats who built the products Pavan Kumar Paratosh Kumar Dip Jung Thapa Chairman, Managing Whole-Time Director, Executive Director & Director & CEO Co-Founder & CTO Chief Operating Officer • CISA certified; B.Tech, MNNIT Allahabad • CISA certified; B.Tech, MNNIT Allahabad • Ex-Paytm Prod
Slide 18: Strategic Priorities
Strategic Priorities ORDER BOOK ₹42.6 Cr Launching Two New AI Products 02 Expanding Globally 01 • AutoGRC, an automated governance, risk and compliance platform. • Second product, for email security, is outlined in our DRHP, extending us from services and awareness training • International order boo
Slide 19: Industry opportunity
02 Industry opportunity 18
Slide 20: Cybersecurity spend is becoming mandatory
Cybersecurity spend is becoming mandatory 95% 31% 62% HOW BREACHES HAPPEN Mimecast 2025; Verizon DBIR 2026, 22,000+ confirmed of data breaches involve human error began with an exploited vulnerability, of organisations faced a deepfake breaches (Mimecast, 2025) now the top way in attack in the past
Slide 21: The markets are large, Cyber fraud is rising
The markets are large, Cyber fraud is rising UAE and Gulf Why spending keeps rising ₹4.0 Cr H1 FY27 revenue 22.7 lakh cybercrime complaints in 2024, up from 10.3 lakh in 2022 ₹22,846 Cr United States reported lost to cyber fraud in 2024, 3× the ₹7,465 Cr of 2023 ₹1.5 Cr H1 FY27 revenue India (HQ) ₹1
Slide 22: H1 FY27 Financial performance
03 H1 FY27 Financial performance 21
Slide 23: H1 FY27 business update
H1 FY27 business update Key highlights Bookings doubled to ₹27.8 Cr: more customers, each spending more Forbes Global 2000 More customers: 494 Returning customers: companies are USA orders, up from 50+ clients; 23 ordered in 1.5x accounts, up from 5x 3 to 15 2.7x ₹16.8 Cr, 60% of 324 bookings H1 Cri
Slide 24: Financial highlights
Financial highlights All figures in ₹ Cr H1 FY27 vs H1 FY26 Revenue 65.2% YoY EBITDA 128.5% YoY PAT 129.5% YoY Margin: 13.3% → 18.3% Margin: 9.0% → 12.5% 22.32 4.09 2.80 13.51 1.79 1.22 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 FY26 vs FY25 Full year Revenue 76.1% YoY EBITDA 69.2% YoY PAT 57.9
Slide 25: Client base, ticket size and revenue mix
Client base, ticket size and revenue mix Clients served Average Ticket size 638 677 H1 FY26 H1 FY27 Change 677 438 Threatcop ₹4.76 L ₹6.37 L +34% clients in FY26, up 60% since FY24 Kratikal services ₹2.91 L ₹3.20 L +10% FY25 FY26 H1 FY27 six months Product vs services mix Customer concentration 5.5%
Slide 26: Revenue per client up 1.8x to ₹5.1 L in H1 FY27
Revenue per client up 1.8x to ₹5.1 L in H1 FY27 Recurring vs one-time Revenue Revenue per client ₹5.1 L 1.8x 28.5% 27.7% One-time ₹2.84 L Recurring 71.5% 72.3% jump in revenue per client vs H1 FY26 H1 FY26 H1 FY27 H1 FY26 H1 FY27 Employee cost as % of revenue New vs existing customers 48% 41% 41% 40
Slide 27: Consolidated income statement
Consolidated income statement All figures in ₹ Cr Particulars (₹ Cr) H1 FY27 H1 FY26 YoY FY26 FY25 YoY Revenue from operations 22.32 13.51 65.2% 36.72 20.85 76.1% Employee benefits expense 8.98 6.42 39.9% 15.05 10.05 49.8% Other expenses (incl. prof. & direct) 9.25 5.30 74.5% 12.70 5.51 130.5% EBITD
Slide 28: Annexure
KRATIKAL SECURE FOR SURE 04 Annexure
Slide 29: Fresh capital for growth, Promoters hold 53%
Fresh capital for growth, Promoters hold 53% Use of proceeds Shareholding after the IPO ₹39.7 Cr raised via 29.4 lakh shares at ₹135; listed on BSE SME, 7 Jul 2026 58% ₹23.1 Cr 53.4% promoters and promoter group US and UAE subsidiaries Sales and marketing (US ₹6.3 Cr, UAE ₹4.1 Cr) and local hires Pa
Slide 30: Balance sheet
Balance sheet All figures in ₹ Cr Equity & liabilities H1 FY27 FY26 FY25 FY24 Assets H1 FY27 FY26 FY25 FY24 Equity share capital 11.10 8.16 0.03 0.03 Property, plant & equipment 1.67 0.67 0.46 0.33 Reserves & surplus 50.60 15.68 11.41 6.53 Intangible assets 2.91 3.09 0.02 0.00 Shareholders’ funds 61
Slide 31: Cash flow statement
Cash flow statement All figures in ₹ Cr Particulars H1 FY27 FY26 FY25 FY24 Profit before tax 3.85 8.28 5.26 3.93 Non-cash adjustments 0.36 (1.17) 0.76 0.54 Operating profit before working capital 4.20 7.11 6.01 4.47 Change in trade receivables (1.02) (4.86) (1.64) (0.64) Other working capital change
Slide 32: Income statement
Income statement All figures in ₹ Cr Particulars FY26 FY25 FY24 Revenue from operations 36.72 20.85 13.02 Other income 0.14 0.26 0.27 Total income 36.86 21.11 13.28 Employee benefits expense 15.05 10.05 5.75 Other expenses (incl. professional & direct) 12.70 5.51 3.40 EBITDA 8.97 5.30 3.87 EBITDA ma
Slide 33: Thank you
Thank you COMPANY INVESTOR RELATIONS Anmol Gupta Go India Advisors Company Secretary & Luv Gupta Compliance Officer [email protected] · +91 86905 88581 [email protected] Priya Sen +91 92208 41199 [email protected] · +91 83348 41047