Fractal Analytics Ltd. (CMP ₹754.00, NSE: FRACTAL)
The SmartWay Research Desk | 29 September 2026
A Mumbai‑headquartered Artificial Intelligence and Advanced Analytics company, founded in 2000. Fractal Analytics specializes in AI, machine learning, generative AI, data engineering, decision intelligence, and enterprise analytics solutions, serving clients across healthcare, retail, consumer goods, insurance, banking, and technology sectors globally.
Promoter Holding (Jun 2026): Srikanth Velamakanni, Pranay Agrawal & Promoter Group — ~44.8% stake (no pledges)
FY22–FY26 Snapshot
Revenue Growth: FY26 revenue ₹3,842 Cr vs ₹3,192 Cr in FY25 (+20.4% YoY). → Good
Net Profit: FY26 PAT ₹462 Cr vs ₹372 Cr in FY25 (+24.2% YoY). → Good
Operating Margin: FY26 EBITDA ₹862 Cr, margin 22.4% vs 21.1% last year (+130 bps). → Good
Equity Capital: Stable. → Good
Dividend Policy: Growth focused; profits largely reinvested. → Neutral
Asset Building: Continued investments in Generative AI platforms, AI agents, and enterprise decision intelligence products. → Good
Sales: Strong demand from AI transformation and analytics projects globally. → Good
Expense: Higher investments in AI talent and technology infrastructure. → Neutral/Good
EPS: FY26 EPS ₹15.20 vs ₹12.30 last year (+23.6%). → Good
Institutional Interest & Ownership Trends (Jun 2026)
Promoter Holding: ~44.8%
FII Holding: ~28.6%
DII Holding: ~18.4%
Retail & Others: ~8.2%
Strategic Moves & Innovations
Expansion in Generative AI and Agentic AI solutions.
Focus on healthcare, retail, financial services, and consumer analytics.
Strengthening proprietary AI platforms and enterprise software offerings.
Increasing global footprint through strategic partnerships and acquisitions.
Cash Flow & Balance Sheet Strength
Market cap ~₹15,500 Cr.
Debt‑to‑equity ratio ~0.18 (low leverage).
Strong cash generation from recurring enterprise contracts.
Book value per share ₹108.00; P/B ~7.0.
EPS (TTM) ₹15.20; P/E ~49.6.
Risk Factors
High P/E ratio ~49.6, indicating premium valuations.
Dependence on global IT and AI spending cycles.
Exposure to currency fluctuations and client concentration risks.
Competition from Accenture, TCS, Infosys, Mu Sigma, and global AI consulting firms.
Investor Takeaway
Fractal Analytics has emerged as one of India's prominent AI‑first technology companies, benefiting from rising enterprise adoption of Generative AI, machine learning, and advanced analytics. Strong growth in global AI spending, a differentiated product portfolio, and high‑margin analytics services support its long‑term outlook. At CMP ₹754.00, the stock trades at premium valuations, reflecting investor confidence in the AI opportunity, but sustained execution and growth will remain key drivers going forward.
The SmartWay Research Desk | 29 September 2026
A Mumbai‑headquartered Artificial Intelligence and Advanced Analytics company, founded in 2000. Fractal Analytics specializes in AI, machine learning, generative AI, data engineering, decision intelligence, and enterprise analytics solutions, serving clients across healthcare, retail, consumer goods, insurance, banking, and technology sectors globally.
Promoter Holding (Jun 2026): Srikanth Velamakanni, Pranay Agrawal & Promoter Group — ~44.8% stake (no pledges)
FY22–FY26 Snapshot
Revenue Growth: FY26 revenue ₹3,842 Cr vs ₹3,192 Cr in FY25 (+20.4% YoY). → Good
Net Profit: FY26 PAT ₹462 Cr vs ₹372 Cr in FY25 (+24.2% YoY). → Good
Operating Margin: FY26 EBITDA ₹862 Cr, margin 22.4% vs 21.1% last year (+130 bps). → Good
Equity Capital: Stable. → Good
Dividend Policy: Growth focused; profits largely reinvested. → Neutral
Asset Building: Continued investments in Generative AI platforms, AI agents, and enterprise decision intelligence products. → Good
Sales: Strong demand from AI transformation and analytics projects globally. → Good
Expense: Higher investments in AI talent and technology infrastructure. → Neutral/Good
EPS: FY26 EPS ₹15.20 vs ₹12.30 last year (+23.6%). → Good
Institutional Interest & Ownership Trends (Jun 2026)
Promoter Holding: ~44.8%
FII Holding: ~28.6%
DII Holding: ~18.4%
Retail & Others: ~8.2%
Strategic Moves & Innovations
Expansion in Generative AI and Agentic AI solutions.
Focus on healthcare, retail, financial services, and consumer analytics.
Strengthening proprietary AI platforms and enterprise software offerings.
Increasing global footprint through strategic partnerships and acquisitions.
Cash Flow & Balance Sheet Strength
Market cap ~₹15,500 Cr.
Debt‑to‑equity ratio ~0.18 (low leverage).
Strong cash generation from recurring enterprise contracts.
Book value per share ₹108.00; P/B ~7.0.
EPS (TTM) ₹15.20; P/E ~49.6.
Risk Factors
High P/E ratio ~49.6, indicating premium valuations.
Dependence on global IT and AI spending cycles.
Exposure to currency fluctuations and client concentration risks.
Competition from Accenture, TCS, Infosys, Mu Sigma, and global AI consulting firms.
Investor Takeaway
Fractal Analytics has emerged as one of India's prominent AI‑first technology companies, benefiting from rising enterprise adoption of Generative AI, machine learning, and advanced analytics. Strong growth in global AI spending, a differentiated product portfolio, and high‑margin analytics services support its long‑term outlook. At CMP ₹754.00, the stock trades at premium valuations, reflecting investor confidence in the AI opportunity, but sustained execution and growth will remain key drivers going forward.
Sucrit.D.Patil
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
Sucrit.D.Patil
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน