Tracxn Technologies Ltd. (TRACXN) AI Stock Analysis

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Tracxn Technologies Ltd.

(NSE:TRACXN)

Select Model

Rating:45Neutral

Price Target:INR 29.00▲(2.62% Upside)

Action:reiterated

Date:11/06/26

The overall score is constrained primarily by weak profitability, negative cash generation, and unfavorable technical positioning below all reported moving averages. The debt-free balance sheet provides meaningful support, but the negative P/E and lack of dividend yield further weaken the investment profile.

Positive Factors

Debt-free balance sheetThe absence of reported debt reduces fixed financial obligations and interest-related pressure, giving Tracxn greater flexibility to manage weaker earnings. This conservative capital structure can help the company fund operations and pursue strategic priorities without immediate reliance on additional borrowing.

Negative Factors

Revenue stagnation and margin deteriorationFlat-to-declining revenue alongside negative gross and operating margins signals weakening operating leverage and reduced earnings quality. If this pattern persists, the company may have less capacity to invest in its data platform, defend its market position, or translate customer demand into sustainable profits.

Tracxn Technologies Ltd. (TRACXN) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 3.05B
Dividend Yield: ―
Average Volume (3M): 21.45K
Price to Earnings (P/E): -29.1
Beta (1Y): 0.96
Revenue Growth: -1.27%
EPS Growth: 0.28%
Country: India
Employees: 717
Sector: General
Sector Strength: 55
Industry: Software - Application

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, valuatio...

Tracxn Technologies Ltd. Financial Statement Overview

Summary

Mixed financial performance: the debt-free balance sheet is a strength, but weak profitability and negative operating and free cash flow materially reduce the score. The score reflects the average of the Income Statement score of 32, Balance Sheet score of 68, and Cash Flow score of 41.

Income Statement

32Negative

Balance Sheet

68Positive

Cash Flow

41Neutral

Financial statement breakdown
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	-15.70M	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	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	0	0	0	0	0
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	950

Tracxn Technologies Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price28.26

Price Trends

50DMA31.02Negative

100DMA30.46Negative

200DMA31.65Negative

Market Momentum

MACD-0.71Positive

RSI42.87Neutral

STOCH11.67Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TRACXN, the sentiment is Negative. The current price of 28.26 is below the 20-day moving average (MA) of 30.18, below the 50-day MA of 31.02, and below the 200-day MA of 31.65, indicating a bearish trend. The MACD of -0.71 indicates Positive momentum. The RSI at 42.87 is Neutral, neither overbought nor oversold. The STOCH value of 11.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TRACXN.

Tracxn Technologies Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:TRACXN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:INFOBEAN	81Outperform	INR 16.40B	11.02	―	0.60%	35.59%	40.03%
IN:NEWGEN	74Outperform	INR 62.75B	19.57	―	1.36%	6.49%	-3.73%
IN:UNIECOM	69Neutral	INR 9.68B	44.40	―	―	―	―
IN:KELLTONTEC	61Neutral	INR 6.47B	7.31	―	―	9.34%	2.71%
IN:RAMCOSYS	57Neutral	INR 20.40B	69.99	―	―	10.73%	236.66%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:TRACXN	45Neutral	INR 3.06B	-29.10	―	―	-1.27%	0.28%

* General Sector Average

Performance Comparison

IN:TRACXN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:TRACXN	Tracxn Technologies Ltd.	28.26	-18.05	-38.98%
IN:INFOBEAN	InfoBeans Technologies Ltd.	161.77	10.46	6.91%
IN:KELLTONTEC	Kellton Tech Solutions Ltd.	12.06	-8.90	-42.46%
IN:NEWGEN	Newgen Software Technologies Limited	439.05	-474.96	-51.96%
IN:RAMCOSYS	Ramco Systems Limited	552.20	-79.35	-12.56%
IN:UNIECOM	Unicommerce eSolutions Limited	85.20	-47.95	-36.01%

Tracxn Technologies Ltd. Corporate Events

Tracxn Technologies Closes Trading Window Ahead of September Quarter Results

Sep 25, 2026

Tracxn Technologies Limited has announced that it will close its trading window for designated persons and their immediate relatives in accordance with SEBI’s Prohibition of Insider Trading Regulations, 2015. The closure period will commence on Thurs...

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 digitalization o...

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.

Date of analysis: Nov 06, 2026

Tracxn Technologies Ltd. AI Stock Analysis