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Tracxn Technologies Ltd.
(TRACXN)
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Rating:44Neutral
Price Target:
₹31.00
▼(-23.25% Downside)
Action:Reiterated
Date:09/12/26
The score is driven primarily by weakening financial performance—FY2026 saw negative margins and a shift to negative operating/free cash flow—partly cushioned by a debt-free balance sheet. Technical indicators also lean bearish with negative MACD and sub-40 RSI, while valuation remains challenged due to losses (negative P/E) and no dividend yield data.
Positive Factors
Recurring SaaS Revenue Model
Annual and multi-year subscriptions can provide greater revenue visibility than transactional sales, while renewals and expansion through additional seats or higher tiers create opportunities for durable customer value and recurring account growth.
Negative Factors
Profitability Deterioration
The shift to negative gross and operating profitability shows that the larger revenue base is not currently converting into sustainable earnings. Continued margin weakness could reduce internal funding capacity and make future performance more volatile.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS Revenue Model
Annual and multi-year subscriptions can provide greater revenue visibility than transactional sales, while renewals and expansion through additional seats or higher tiers create opportunities for durable customer value and recurring account growth.
Read all positive factors
Tracxn Technologies Ltd. (TRACXN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.39B
Dividend YieldN/A
Average Volume (3M)15.06K
Price to Earnings (P/E)―
Beta (1Y)1.36
Revenue Growth-1.51%
EPS Growth-22.54%
CountryIN
Employees717
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-1.12
Shares Outstanding106,925,030
10 Day Avg. Volume22,939
30 Day Avg. Volume15,063
Financial Highlights & Ratios
PEG Ratio2.21
Price to Book (P/B)5.35
Price to Sales (P/S)3.35
P/FCF Ratio-75.05
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 private market intelligence platform worldwide. Its platform, Tracxn provides data and software solutions, such as company profiles, funding and M&A transactions, financials and shareholding structures, valua...
How the Company Makes Money
Tracxn primarily makes money by selling subscriptions to its proprietary market intelligence platform (SaaS). Revenue is generated from contracted subscription fees paid by customers (typically on annual or multi-year terms) in exchange for access...
Tracxn Technologies Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
71
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 838.50M | 839.74M | 844.67M | 827.71M | 781.06M | 634.53M |
| Gross Profit | -43.89M | 43.00M | 105.93M | 96.75M | 109.90M | 106.77M |
| EBITDA | -87.08M | -65.50M | 8.34M | 88.53M | 25.72M | -16.01M |
| Net Income | -120.20M | -78.90M | -95.44M | 65.01M | 330.89M | -48.48M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 981.99M | 1.11B | 1.13B | 972.96M | 540.14M |
| Cash, Cash Equivalents and Short-Term Investments | 890.15M | 890.15M | 951.54M | 750.00M | 587.71M | 413.58M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | -525.51M | 456.47M | 449.34M | 421.96M | 377.28M | 333.73M |
| Stockholders Equity | 525.51M | 525.51M | 657.96M | 708.88M | 596.88M | 206.41M |
Cash Flow | ||||||
| Free Cash Flow | 8.22M | -37.43M | 141.53M | 112.07M | 148.48M | 3.96M |
| Operating Cash Flow | 10.24M | -32.84M | 142.71M | 112.47M | 151.60M | 5.59M |
| Investing Cash Flow | 56.31M | 98.74M | -157.34M | -94.06M | -157.75M | 8.43M |
| Financing Cash Flow | -83.99M | -83.59M | 3.02M | 3.56M | 0.00 | 950.00 |
Tracxn Technologies Ltd. Technical Analysis
Positive
40.39
Price Trends
29.81
Positive
31.01
Positive
33.63
Negative
Market Momentum
0.06
Negative
64.99
Neutral
36.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TRACXN, the sentiment is Positive. The current price of 40.39 is above the 20-day moving average (MA) of 29.56, above the 50-day MA of 29.81, and above the 200-day MA of 33.63, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 64.99 is Neutral, neither overbought nor oversold. The STOCH value of 36.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TRACXN.
Tracxn Technologies Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹14.94B | 7.09 | ― | 0.65% | 35.35% | 59.52% | |
74 Outperform | ₹71.40B | 22.50 | ― | 1.20% | 7.88% | -1.77% | |
69 Neutral | ₹9.35B | 44.32 | ― | ― | 59.55% | 37.06% | |
60 Neutral | ₹7.26B | 8.25 | ― | 0.46% | 9.34% | 2.71% | |
56 Neutral | ₹22.35B | 53.56 | ― | ― | 15.71% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | ₹3.39B | -28.58 | ― | ― | -1.51% | -22.54% |
* General Sector Average
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Tracxn Technologies Ltd. Corporate Events
Tracxn Technologies Holds 14th AGM Via Virtual Platform
Aug 17, 2026
Tracxn Technologies Limited held its 14th Annual General Meeting on August 17, 2026 via video conferencing and other audio-visual means, in line with the Companies Act and SEBI listing regulations. The virtual format reflects ongoing digitalizatio...
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.