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Fractal Analytics

FRACTAL NSE
₹835.65 No trade today
P/E
39.60
View as Markdown
MCP
Close 4 Nov 2026 ₹835.65 −11.50 −1.36% since 16 Feb 2026
Start ₹847.15

Key Fundamentals

MicrocapIT - SoftwareInformation Technology

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
12.60%
Debt to Equity
0.13
EPS (TTM)
₹21.10
Book Value
₹182.94
Market Cap
—
P/E (TTM)
39.60
P/B
4.57
ROE
12.00%
Dividend Yield
0.00%
EBITDA
₹571 Cr
52W High
₹1,118.00
52W Low
₹696.30
Volume
0

Peer Comparison

Information Technology › Computer Software & Consulting › Computers - Software & Consulting

Fractal Analytics peer comparison
TCS
₹2,436.0017.08₹8,98,480 Cr7.400.96%51.80%63.00%₹2,83,248 Cr₹51,858 Cr
Infosys
₹1,128.2014.88₹4,63,085 Cr4.862.26%31.90%40.00%₹1,89,336 Cr₹30,788 Cr
HCL Tech
₹1,405.0021.88₹3,89,601 Cr5.013.34%23.80%30.40%₹1,34,374 Cr₹17,434 Cr
Wipro
₹194.5515.21₹1,94,390 Cr2.441.01%15.50%17.80%₹94,968 Cr₹13,285 Cr
Tech Mahindra
₹1,783.0034.02₹1,76,066 Cr5.880.84%17.50%23.10%₹59,176 Cr₹5,163 Cr
LTM
₹4,204.9023.84₹1,26,067 Cr4.820.59%23.10%29.60%₹44,075 Cr₹5,197 Cr
Persistent Systems
₹6,065.0049.64₹96,188 Cr7.820.66%27.20%34.40%₹15,718 Cr₹1,922 Cr
Fractal Analytics (this company)
₹835.6539.60₹14,198 Cr4.570.00%12.00%12.60%₹3,452 Cr₹321 Cr
Median 8 companies₹1,594.0022.86₹1,85,228 Cr4.940.90%23.45%30.00%₹77,072 Cr₹9,241 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 51.6% CAGR over last 5 years

Weaknesses

5
  • Stock is trading at 3.82 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 17.0%
  • Tax rate seems low
  • Company has a low return on equity of 7.68% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish2611
OscillatorsBullish243
Moving AveragesStrong Bullish028

Key readings

RSI (14)
66.14
Neutral
MACD (12,26,9)
4.56
Bullish
SMA (50)
764.72
Bullish
SMA (200)
—
Neutral

As of

Analyst Rating

Based on 7 analysts
BUY57%

4 of 7 analysts rate Buy, 2 Hold, 1 Sell.

As of

BUY
4
57%
HOLD
2
29%
SELL
1
14%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
5Y+30.47%
3Y+18.46%
1Y+19.35%

Net profit

Net profit growth by window
5Y+51.47%
3Y+13.94%
1Y+29.86%

Operating cash flow

Operating cash flow growth by window
5Y+38.24%
3YTurned positive
1Y+3.02%

Operating margin· change in pp

Operating margin growth by window
5Y+1.70 pp
3Y+19.11 pp
1Y+1.70 pp

Trailing twelve months: Fewer than eight quarters are reported, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2020₹768 Cr
Mar 2021₹873 Cr
Mar 2022₹1,295 Cr
Mar 2023₹1,985 Cr
Mar 2024₹2,196 Cr
Mar 2025₹2,765 Cr
Mar 2026₹3,300 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2020−₹77.00 Cr
Mar 2021₹36.00 Cr
Mar 2022−₹148 Cr
Mar 2023₹194 Cr
Mar 2024−₹55.00 Cr
Mar 2025₹221 Cr
Mar 2026₹287 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹171 Cr +9.8% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk high

Fractal Analytics Ltd trades at ₹835.65 as of 2026-11-04 with a market cap of ₹14,198.25 crore and a trailing PE of 39.6x. The company has demonstrated strong profit growth (54% compounded over 3 years) alongside modest sales growth (18% over 3 years), while carrying minimal debt at a debt-to-equity ratio of 0.13.

Bull Case 6
  • Strong profit compounding at 54% CAGR over 3 years and 52% over 5 years, with TTM profit growth accelerating to 58%
  • Minimal leverage with a debt-to-equity ratio of just 0.13, providing financial flexibility and low solvency risk
  • Compounded sales growth of 30% over 5 years reflects sustained revenue expansion in the analytics and AI services space
  • TTM EPS of ₹21.1 is supported by improving profitability, with last-year ROE rising to 12% from a 3-year average of 8%
  • ROCE of 10.43% indicates the company is generating returns above its likely cost of debt, suggesting capital is being deployed productively
  • The company has delivered 51.6% CAGR profit growth over the last 5 years, indicating a consistent ability to scale earnings
Bear Case 8
  • Trailing PE of 39.6x is elevated, demanding continued high earnings growth to justify the premium valuation
  • Price-to-book ratio of 4.57x (also noted at 3.82x book value) signals the stock is priced well above its net asset base
  • Zero dividend yield despite repeated profitability means shareholders receive no income return, with all value dependent on capital appreciation
  • Promoter holding is low at 17.0%, which may raise concerns about alignment of interests and vulnerability to hostile actions
  • Three-year average ROE of approximately 8% and a 5-year average of just 1% suggest historically weak returns on shareholder equity
  • TTM sales growth of 19% represents a deceleration from the 5-year compounded rate of 30%, indicating a potential slowdown in revenue momentum
  • The company's reported low tax rate could indicate reliance on tax incentives or adjustments that may not be sustainable over time
  • ROE of 9% as of the latest period remains below the levels typically expected for a company commanding a nearly 40x earnings multiple

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

12h ago

TL;DR: Fractal Analytics is firing on multiple cylinders — crossing the $100M quarterly revenue milestone with 139% profit growth and 79% YoY expansion in its HLS vertical. Margin expansion and strategic moves into Qatar and European markets via acquisitions show an aggressive growth posture. Key risks include the departure of two senior executives and a gross margin dip that bears watching.

Headwinds 3
  • Liabilities exceed acquired assets Nov 3

    Asper.AI's acquisition of Pricing One assets assumed liabilities of CHF 9.97 lakh versus assets of only CHF 3.22 lakh, meaning net liabilities outweighed net assets acquired.

  • Two senior executives retiring Nov 2

    Chief Practice Officer Rasesh Shah retired effective Nov 2 and Chief Evangelist Officer Biju Dominic will retire Nov 13, 2026, creating leadership gaps in EdTech and evangelism functions.

  • Gross margin dip in Q2FY27 Nov 3

    Despite adjusted EBITDA margin expanding 123 bps to 16%, the company noted a dip in gross margins during Q2FY27.

Positives 6
  • First-ever $100M revenue quarter Nov 3

    Fractal achieved its first $100 million revenue quarter in Q2FY27 with ₹9,565 million in revenue, while net profit surged 139% YoY to ₹792 million.

  • HLS vertical grew 79% YoY Nov 3

    The Health & Life Sciences sector grew 79% YoY in Q2FY27, leading all industry verticals and signaling strong demand diversification.

  • EBITDA margin expansion Nov 3

    Adjusted EBITDA margin expanded 123 bps to 16% in Q2FY27, reflecting improving operational leverage at scale.

Neutral 1
  • SEBI disclosure framework updated Oct 19

    Revised SEBI Regulation 30 disclosure framework updated with new authorised personnel following the CFO appointment.

Quarterly Results

₹ Cr
FRACTAL quarterly results, ₹ crore
Particulars Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
707
758
760
798
854
886
912
957
Expenses
622
635
680
724
744
713
793
—
Operating Profit
86
122
80
75
110
173
120
—
OPM %
12%
16%
11%
9%
13%
20%
13%
—
Other Income
50
8
14
16
2
20
26
—
Interest
10
11
12
12
11
13
9
5
Depreciation
24
34
30
34
36
37
40
47
PBT
102
86
53
46
65
143
97
103
Tax %
10%
35%
29%
28%
−54%
19%
26%
23%
Net Profit
92
56
38
33
100
116
72
79
EPS (₹)
6.95
4.09
2.74
2.5
7.44
6.85
4.31
—

Sep 2026: from the results filed on 3 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
FRACTAL profit and loss, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
768
873
1,295
1,985
2,196
2,765
3,300
3,452
Expenses
782
772
1,379
2,102
2,139
2,445
2,862
2,975
Operating Profit
−14
101
−84
−116
57
320
438
477
OPM %
−1.9%
12%
−6%
−6%
2.6%
12%
13%
14%
Other Income
22
19
19
553
40
78
52
64
Interest
20
17
14
45
44
58
47
44
Depreciation
47
52
69
78
83
102
136
146
PBT
−60
51
−148
313
−30
238
307
351
Tax %
29%
29%
1%
38%
79%
7%
6%
—
Net Profit
−77
36
−148
194
−55
221
287
321
EPS (₹)
−6.36
3.09
−11.44
14.85
−4.16
16.45
16.68
21.1
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
FRACTAL balance sheet, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
2
2
3
3
3
3
17
Reserves
270
309
1,100
1,360
1,403
1,750
3,168
Borrowings
346
315
301
326
364
430
418
Other Liabilities
334
378
441
520
575
619
735
Total Liabilities
952
1,004
1,845
2,209
2,344
2,802
4,338
Fixed Assets
202
172
552
558
626
687
765
CWIP
16
20
30
449
6
14
36
Investments
23
96
404
292
879
994
1,238
Other Assets
711
717
860
910
833
1,107
2,300
Total Assets
952
1,004
1,845
2,209
2,344
2,802
4,338

Cash Flow

₹ Cr
FRACTAL cash flow, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−40
81
−117
−31
160
397
409
Investing
7
−53
−797
118
−146
−191
−1,405
Financing
42
−17
724
−57
−145
−22
938
Net Cash Flow
9
10
−190
30
−132
184
−58
Free Cash Flow
−64
56
−167
−64
135
314
190
CFO/OP
127
100
119
8
336
141
110

Ratios

FRACTAL financial ratios, annual
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
73
59
112
92
89
77
79
Cash Conversion Cycle
73
59
112
92
89
77
79
Working Capital Days
25
30
45
43
38
26
−2
ROCE %
—
9%
−12%
−9%
0%
14%
13%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Fractal Analytics insights

61 extracted metrics across FY20–FY27.

Shareholding Pattern

As of Sep 2026

  • FIIs 40.22%
  • Others 17.50%
  • Promoters 16.81%
  • DIIs 13.29%
  • Public 12.17%

3.65% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Fractal Analytics

What does Fractal Analytics Ltd do?
Incorporated in 2000, Fractal Analytics Ltd is in the business of offering Analytics and AI based solutions
Where is Fractal Analytics Ltd (FRACTAL) listed?
Fractal Analytics Ltd trades as FRACTAL on the NSE and under code 544700 on the BSE.
Which sector does Fractal Analytics Ltd belong to?
Fractal Analytics Ltd is classified under the Information Technology sector, in the Computer Software & Consulting industry.
What is the PE ratio of Fractal Analytics Ltd?
Fractal Analytics Ltd trades at a PE ratio of 39.60 as of 4 Nov 2026, on earnings per share of ₹21.1, against a book value of ₹182.94 per share.
What is the 52-week high and low of Fractal Analytics Ltd?
Over the last 52 weeks Fractal Analytics Ltd has traded between ₹696.3 and ₹1,118 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Fractal Analytics Ltd?
Fractal Analytics Ltd reported a return on equity of 12.00%. Its debt-to-equity ratio is 0.13.

Company Information

Incorporated in 2000, Fractal Analytics Ltd is in the business of offering Analytics and AI based solutions

Website fractal.ai
Listed 16 Feb 2026
Face Value ₹1

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