Tracxn Technologies Ltd. (IN:TRACXN)
:TRACXN
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Tracxn Technologies Ltd.
(TRACXN)
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Select Model
Rating:53Neutral
Price Target:
₹29.00
▼(-28.20% Downside)
Action:ReiteratedDate:04/02/26
The score is primarily supported by strong cash generation and a debt-free balance sheet, which reduce financial risk. Offsetting this, profitability has deteriorated into a net loss with slowing growth, and the stock’s technical setup is weak (below key moving averages with negative MACD). Valuation is also constrained by a negative P/E tied to losses.
Positive Factors
Strong cash generation
Sustained positive operating and free cash flow through 2024–2025 shows durable cash conversion even as GAAP earnings weakened. Reliable cash generation reduces reliance on external financing, funds product and sales investment, and provides a buffer through earnings volatility over multiple quarters.
Negative Factors
Profitability deterioration
The swing to a net loss in 2025 and very thin operating margins indicate structural earnings weakness. Persistent losses erode equity and returns, limit reinvestment capacity, and could necessitate cost cuts or capital raises, posing medium-term execution and sustainability risks.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained positive operating and free cash flow through 2024–2025 shows durable cash conversion even as GAAP earnings weakened. Reliable cash generation reduces reliance on external financing, funds product and sales investment, and provides a buffer through earnings volatility over multiple quarters.
Read all positive factors
Tracxn Technologies Ltd. (TRACXN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.41B
Dividend YieldN/A
Average Volume (3M)15.57K
Price to Earnings (P/E)―
Beta (1Y)1.24
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees720
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.08
Shares Outstanding106,736,380
10 Day Avg. Volume20,955
30 Day Avg. Volume15,569
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)8.97
Price to Sales (P/S)6.98
P/FCF Ratio41.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tracxn Technologies Ltd. Business Overview & Revenue Model
Company Description
Tracxn Technologies Limited operates a platform that provides information of startups in venture capital, private equity, and corporate development. It operates a software as a services platform that offers services in the areas of CRM, sector res...
How the Company Makes Money
Tracxn primarily makes money by selling subscriptions to its software platform and related data/analytics offerings. Customers (typically venture capital and private equity firms, corporates, investment banks, and other institutions) pay recurring...
Tracxn Technologies Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
72
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 849.83M | 844.67M | 827.71M | 781.06M | 634.53M | 437.79M |
| Gross Profit | 61.69M | 105.93M | 96.75M | 109.90M | 106.77M | -46.32M |
| EBITDA | 960.00K | 8.34M | 88.53M | 25.72M | -16.01M | -48.63M |
| Net Income | -106.03M | -95.44M | 65.01M | 330.89M | -48.48M | -53.48M |
Balance Sheet | ||||||
| Total Assets | 985.38M | 1.11B | 1.13B | 972.96M | 540.14M | 484.59M |
| Cash, Cash Equivalents and Short-Term Investments | 895.36M | 951.54M | 750.00M | 587.71M | 413.58M | 393.72M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 442.38M | 449.34M | 421.96M | 377.28M | 333.73M | 262.36M |
| Stockholders Equity | 542.99M | 657.96M | 708.88M | 596.88M | 206.41M | 222.23M |
Cash Flow | ||||||
| Free Cash Flow | 8.22M | 141.53M | 112.07M | 148.48M | 3.96M | -60.60M |
| Operating Cash Flow | 10.24M | 142.71M | 112.47M | 151.60M | 5.59M | -60.60M |
| Investing Cash Flow | 56.31M | -157.34M | -94.06M | -157.75M | 8.43M | 54.57M |
| Financing Cash Flow | -83.99M | 3.02M | 3.56M | 0.00 | 950.00 | 1.87M |
Tracxn Technologies Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹58.28B | 42.91 | ― | 1.26% | 21.31% | -16.27% | |
68 Neutral | ₹18.25B | 21.87 | ― | 0.42% | 21.17% | 27.66% | |
62 Neutral | ₹103.63B | 25.31 | ― | 1.42% | -2.00% | -25.81% | |
62 Neutral | ₹95.60B | 118.88 | ― | 0.69% | 15.87% | 39.55% | |
62 Neutral | ₹78.31B | -10.28 | ― | 0.55% | -17.23% | -185.73% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | ₹3.41B | -131.12 | ― | ― | ― | ― |
* Technology Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.