Sattrix lands $180K contract, but it's just 2.9% of FY26 revenue
Order from a multinational cybersecurity firm for Tenable services; value too small to move the needle.
— 3 earlier stories on Sattrix Information Security Ltd. →What's new
- Won $180,936 contract from undisclosed multinational for Tenable Security Center services.
- Order is only 2.9% of FY26 revenue, below the nano-cap materiality threshold of ₹5 cr.
- Execution period of 120 days.
Why this matters
The engagement with a global cybersecurity peer boosts Sattrix's credibility in managed security services. But at ₹1.74 crore, it's a fraction of the ₹12.51 crore in orders won earlier this month. Too small to alter revenue estimates or the investment thesis.
What we're watching
- Whether larger international orders follow from this relationship.
- Any disclosure of the counterparty's identity in future filings.
- Sattrix's Q1 FY27 results for revenue trajectory.
The full read
Sattrix won a $180,936 (approx ₹1.74 crore) contract from an unnamed multinational for Tenable Security Center services. A genuine win with a global peer. That's the good news. The rest is scale: 2.9% of FY26 revenue, far below the ₹5 crore nano-cap materiality threshold. Compare that to the ₹12.51 crore in orders announced just days ago — a difference of 7x. For a company with a trailing twelve-month revenue of roughly ₹60 crore (based on the latest quarter), this deal is a rounding error. The engagement is good for credibility, but the numbers do not move the needle. The stock's ₹412 crore market cap prices in much larger catalysts. Hardly a game-changer.
Questions answered
- How does this order size compare with Sattrix's recent wins?
- It is much smaller. Earlier in July, Sattrix won a ₹12.51 crore order (20.6% of FY26 revenue) and a ₹9.30 crore three-year PSU bank contract. This ₹1.74 crore deal is about 14% of that size.
- Why was the client not named?
- It is common for cybersecurity contracts to keep the client's identity undisclosed, especially for multinationals that require confidentiality. The filing itself states 'identity not disclosed'.
- What are Tenable Security Center services?
- Tenable Security Center is a vulnerability management platform. Sattrix will provide design, deployment, testing, knowledge transfer, advisory, and health-check services.
- Is this order material for Sattrix's stock?
- No. The order is only 2.9% of annual revenue and below the ₹5 crore materiality threshold for nano-caps. It is a positive but negligible event.
Sattrix Information Security Ltd.
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All notes on SATTRIX →- 14 Jul 2026 · 7:51 PM IST Sattrix lands $180K contract, but it's just 2.9% of FY26 revenue
- today Sattrix inks strategic MoU with India's leading IT hardware maker
- 7d ago Sattrix lands ₹9.30 cr three-year cybersecurity contract from PSU bank
- 8d ago Sattrix lands ₹12.51 cr in cybersecurity orders, 20.6% of FY26 revenue