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Tracxn Technologies Ltd.
(TRACXN)
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Rating:52Neutral
Price Target:
₹29.00
▼(-28.20% Downside)
Action:Reiterated
Date:10/07/26
The score is held back primarily by weakening financial performance and cash burn in FY2026, despite the benefit of a debt-free balance sheet. Technicals are the main positive, with price trading above major moving averages and positive MACD, while valuation is constrained by losses (negative P/E) and no dividend yield data.
Positive Factors
Debt-free balance sheet
No debt is reported across periods, giving Tracxn financial flexibility and reducing exposure to interest costs or refinancing pressure. This conservative capital structure can help the company fund product investment and manage operating volatility while it works to restore profitability.
Negative Factors
Revenue contraction
FY2026 revenue was slightly lower despite Tracxn operating from a larger revenue base than earlier years. Continued stagnation would constrain operating leverage, limit investment capacity, and make it harder for the company to absorb ongoing product and platform costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
No debt is reported across periods, giving Tracxn financial flexibility and reducing exposure to interest costs or refinancing pressure. This conservative capital structure can help the company fund product investment and manage operating volatility while it works to restore profitability.
Read all positive factors
Tracxn Technologies Ltd. (TRACXN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.11B
Dividend YieldN/A
Average Volume (3M)19.12K
Price to Earnings (P/E)―
Beta (1Y)1.19
Revenue Growth-1.51%
EPS Growth-22.54%
CountryIN
Employees717
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-1.12
Shares Outstanding106,973,700
10 Day Avg. Volume8,312
30 Day Avg. Volume19,119
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...
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 | -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 | 0.00 | 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
Negative
40.39
Price Trends
30.97
Negative
30.62
Negative
32.01
Negative
Market Momentum
-0.59
Positive
40.35
Neutral
32.29
Neutral
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 40.39 is above the 20-day moving average (MA) of 31.61, above the 50-day MA of 30.97, and above the 200-day MA of 32.01, indicating a bearish trend. The MACD of -0.59 indicates Positive momentum. The RSI at 40.35 is Neutral, neither overbought nor oversold. The STOCH value of 32.29 is Neutral, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹13.31B | 6.32 | ― | 0.72% | 35.59% | 40.03% | |
74 Outperform | ₹63.05B | 19.58 | ― | 1.36% | 6.49% | -3.73% | |
69 Neutral | ₹9.03B | 40.94 | ― | ― | ― | ― | |
60 Neutral | ₹5.79B | 6.53 | ― | 0.46% | 9.34% | 2.71% | |
57 Neutral | ₹19.08B | 64.91 | ― | ― | 10.73% | 236.66% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹3.11B | -25.92 | ― | ― | -1.51% | -22.54% |
* General Sector Average
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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...
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.