Selling security versus practising it: only companies with cybersecurity as a business line appear, and the quote shows which it is.
Core — the theme IS a principal business todayGrowing — real operations, not yet the main businessAnnounced — committed plans or orders, little revenue yetMention-only — appears only as outlook language
Siemens Energy IndiaHeavy Electrical EquipmentMention-only₹1.22 L CrP/E 89.9 vs 33.9ROCE 15.8%
Cybersecurity is mentioned as an industry-level need for India's evolving grid, not as a product line or managed security service offered by Siemens Energy India.
“the complexity will lead to a focus on digitalization and cybersecurity for effective and efficient management.”
NHPCPower GenerationMention-only₹76,493 CrP/E 22.8 vs 22.3ROCE 2.7%
Cybersecurity is listed as an emerging technology priority in the CMD's vision; it is not described as a marketable business line or product.
“The vision also emphasizes meeting sustainable energy targets through the integration of Artificial Intelligence (AI), along with the adoption of other new and emerging technologies such as: EV integration into the grid, cybersecurity and digital protection, green hydrogen, bioenergy and energy storage.”
RedingtonTrading & DistributorsMention-only₹27,361 CrP/E 16.5 vs 13.8ROCE 15.7%
Security is mentioned as a future capability area Redington is building; it is not described as a cybersecurity product or service business line.
“Capability building in new-age technology like AI, cloud, software & security, which is growing to be a dominant business line in future.”
SJVNPower GenerationMention-only₹25,976 CrP/E 122.4 vs 22.3ROCE 2.8%
Cybersecurity is mentioned only in the CMD's aspirational vision for future technology adoption, not as a business line or product offering.
“The vision also emphasizes meeting sustainable energy targets through the integration of Artificial Intelligence (AI), along with the adoption of other new and emerging technologies such as: EV integration into the grid, cybersecurity and digital protection, green hydrogen, bioenergy and energy storage.”
How this list is built
Definition used: Sells cybersecurity software, hardware or managed security services as a business line — not merely "we invest in our own security".Membership is extracted from each company’s newest annual report; every quote is validated against the report page before publishing, and core/growing tiers are confirmed by a second independent read (marked ). Companies whose reports our corpus hasn’t read yet simply aren’t listed — absence means unread, not “no exposure”.
MarketPing publishes facts, filings and measured history only — nothing on this page is investment advice, a recommendation or a rating.