Tracxn Technologies Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹301 Cr
- ROE
- -27.67%
- Price to sales
- 3.58
- Debt to equity
- 0.00
- 52W high / low
- ₹47.1 / ₹26.0
- Sales growth (5Y)
- 13.91%
- EBITDA margin
- -19.01%
- Net profit margin
- -19.50%
- Promoter holding
- 34.61%
- Sales (last year)
- ₹84 Cr
Incorporated in 2012, Tracxn Technologies Ltd offers Tracxn 'Platform' which tracks and curates data of startups, on a subscription basis[1]
Guidance scorecard · Q2 FY27 call
What Tracxn Technologies's management guided
and where it ranks in Commercial Services & Supplies
Commercial Services & Supplies
RevenueQ2 FY27 call
20–40%- India revenue is accelerating with a QoQ growth of nearly 7% in Q2 FY27, annualising to a 30% run-rate.
- The company follows a three-phase growth playbook: launching vertical teams, augmenting data/product offering, then scaling sales, leading to improved win rates and market share.
- Investment banking vertical in India is growing at over 40% annualised run-rate with ~1% incremental market share gain each month for 12 months.
- Sales team nearly doubled in 2026, expanded from 34 to about 60 members, supporting faster new customer acquisition across India and international markets.
- International growth is at an earlier stage but showing early positive signs, expected to accelerate in coming quarters as datasets and sales efforts scale.
- Enterprise corporate segments (M&A, innovation, sales) are targeted with active teams; results starting to show, expected to improve further in 2-4 quarters.
2 more points from Tracxn Technologies's call on revenue
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MarginsQ2 FY27 call
FlatSee what Tracxn Technologies said on margins — free account, 30 seconds.
CapexQ2 FY27 call
Planned- Tracxn is making significant investments in data augmentation and sales teams, particularly scaling sales capacity nearly twofold to drive customer acquisition.
- Investments focus on building best-in-class product offerings and datasets tailored to prioritized customer segments, especially in India and internationally.
- A one-time cost step-up was taken in H1 FY27 to fund these investments; cost growth is expected to return to low single digits post this phase.
- The company is developing AI-native access to data, including AI Scout agents and integrations with AI platforms, aiming to embed deeper into customer workflows.
2 more points from Tracxn Technologies's call on capex
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FundraisingQ2 FY27 call
See what Tracxn Technologies said on fundraising — free account, 30 seconds.
Order bookQ2 FY27 call
Ask what Tracxn Technologies said on the order book →
Full Q2 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Commercial Services & Supplies
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Tracxn Technologies latest results (Sep 2026)
Revenue
₹21 Cr
+0.24% YoY
Net profit
₹-4 Cr
Operating margin
-27.93%
EPS
₹-0.39
Tracxn Technologies shareholding (Sep 2026)
Promoters
34.61%
−0.02 pp QoQ
FIIs
0.96%
+0.25 pp QoQ
DIIs
2.90%
−0.54 pp QoQ
Public
61.53%
+0.32 pp QoQ
Peers
Commercial Services & Supplies companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹41 Cr | 6.5 | |
| 2 | 40%+ | Up 0–2% | ₹25,682 Cr | 12.8 | |
| 3 | 40%+ | Flat | ₹387 Cr | 27.9 | |
| 4 | 40%+ | Flat | ₹97 Cr | 84.9 | |
| 5 | 40%+ | Flat | ₹92 Cr | 8.3 | |
| 6 | 20–40% | Up 2%+ | ₹17,591 Cr | 28.9 |
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Pro shows every company guiding 40%+ revenue growth →Full Commercial Services & Supplies rankingFinancials of Tracxn Technologies
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Tracxn Technologies
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 34.93% | 34.87% | 34.75% | 34.56% | 34.29% | 34.18% | 33.98% | 34.39% | 34.44% | 34.54% | 34.63% | 34.61% |
| FIIs + | 3.37% | 2.71% | 2.43% | 2.86% | 3.02% | 3.16% | 0.64% | 0.41% | 0.84% | 0.52% | 0.71% | 0.96% |
| DIIs + | 13.36% | 6.35% | 6.34% | 4.86% | 4.38% | 4.47% | 4.61% | 3.24% | 3.30% | 3.44% | 3.44% | 2.90% |
| Public + | 48.35% | 56.07% | 56.49% | 57.72% | 58.32% | 58.19% | 60.78% | 61.95% | 61.42% | 61.50% | 61.21% | 61.53% |
| No. of Shareholders | 54,210 | 86,613 | 87,512 | 90,591 | 87,843 | 84,088 | 82,902 | 81,634 | 77,685 | 75,925 | 73,688 | 71,347 |
Financials of Tracxn Technologies
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 21.49 | 21.14 | 20.32 | 20.54 | 21.39 | 21.39 | 21.14 | 21.20 | 21.25 | 21.04 | 20.49 | 21.08 | 21.30 |
| YoY Sales growth | +12.45% | +4.40% | -0.10% | +3.63% | -0.47% | +1.18% | +4.04% | +3.21% | -0.65% | -1.64% | -3.07% | -0.57% | +0.24% |
| Expenses + | 19.45 | 19.28 | 19.65 | 20.26 | 20.47 | 20.94 | 21.96 | 21.40 | 21.82 | 22.74 | 24.56 | 25.31 | 27.25 |
| Operating Profit | 2.04 | 1.86 | 0.67 | 0.28 | 0.92 | 0.45 | -0.82 | -0.20 | -0.57 | -1.70 | -4.07 | -4.23 | -5.95 |
| OPM % | 9.49% | 8.80% | 3.30% | 1.36% | 4.30% | 2.10% | -3.88% | -0.94% | -2.68% | -8.08% | -19.86% | -20.07% | -27.93% |
| Other Income + | 0.99 | 1.08 | 1.26 | 1.41 | 1.41 | 1.50 | 1.58 | 1.68 | 1.24 | 0.63 | 1.31 | 1.52 | 1.38 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.04 | 0.04 | 0.04 | 0.02 | 0.02 | 0.04 | 0.04 | 0.03 | 0.04 | 0.05 | 0.07 | 0.06 | 0.07 |
| Profit before tax | 2.99 | 2.90 | 1.89 | 1.67 | 2.31 | 1.91 | 0.72 | 1.45 | 0.63 | -1.12 | -2.83 | -2.77 | -4.64 |
| Tax % | 27.42% | 23.10% | 24.87% | 23.95% | 301.30% | 26.18% | 1,154.17% | 22.76% | 982.54% | -26.79% | -7.42% | 8.66% | -11.21% |
| Net Profit + | 2.17 | 2.22 | 1.43 | 1.27 | -4.66 | 1.42 | -7.58 | 1.12 | -5.56 | -0.81 | -2.63 | -3.01 | -4.13 |
| EPS in Rs | 0.21 | 0.22 | 0.14 | 0.12 | -0.44 | 0.13 | -0.71 | 0.10 | -0.52 | -0.08 | -0.25 | -0.28 | -0.39 |
Financials of Tracxn Technologies
Profit & Loss
Annual income statement trend
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 28 | 33 | 37 | 44 | 63 | 78 | 83 | 84 | 84 | 84 |
| Sales growth | +19% | +12% | +17% | +45% | +23% | +6% | +2% | -1% | -1% | |
| Expenses + | 56 | 55 | 60 | 61 | 65 | 75 | 78 | 83 | 90 | 100 |
| Operating Profit | -29 | -22 | -22 | -17 | -2 | 3 | 5 | 1 | -6 | -16 |
| OPM % | -103% | -67% | -60% | -38% | -2.5% | 3.7% | 6% | 1.4% | -7% | -19% |
| Other Income + | 1 | 1 | -31 | 12 | -3 | 8 | 4 | 6 | 5 | 5 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -28 | -22 | -54 | -5 | -5 | 10 | 9 | 7 | -2 | -11 |
| Tax % | 0% | 0% | 0% | 0% | 0% | -233% | 25% | 244% | 320% | |
| Net Profit + | -28 | -22 | -54 | -5 | -5 | 33 | 6 | -10 | -8 | -11 |
| EPS in Rs | -4.75 | -3.69 | -9.20 | -0.91 | -0.48 | 3.30 | 0.63 | -0.90 | -0.74 | -1.00 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Tracxn Technologies
Balance Sheet
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.11 | 0.11 | 0.11 | 0.11 | 10 | 10 | 10 | 11 | 11 | 11 |
| Reserves | 43 | 24 | -135 | 21 | 11 | 50 | 61 | 55 | 42 | 36 |
| Borrowings + | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities + | 9 | 13 | 188 | 26 | 33 | 38 | 42 | 45 | 46 | 49 |
| Total Liabilities | 52 | 38 | 52 | 48 | 54 | 97 | 113 | 111 | 98 | 96 |
| Fixed Assets + | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 43 | 27 | 41 | 17 | 16 | 37 | 68 | 90 | 87 | 85 |
| Other Assets + | 8 | 10 | 10 | 31 | 37 | 60 | 45 | 21 | 11 | 10 |
| Total Assets | 52 | 38 | 52 | 48 | 54 | 97 | 113 | 111 | 98 | 96 |
Financials of Tracxn Technologies
Cash Flows
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -15 | -16 | -15 | -6 | 1 | 15 | 11 | 15 | -3 |
| Cash from Investing Activity + | -4 | 16 | -6 | 5 | 1 | -16 | -9 | -16 | 10 |
| Cash from Financing Activity + | 19 | 0 | 21 | 0 | 0 | 0 | 0 | 0 | -8 |
| Net Cash Flow | -0 | 1 | -0 | -0 | 1 | -1 | 2 | -1 | -2 |
| Free Cash Flow | -16 | -17 | -15 | -6 | 0 | 15 | 11 | 14 | -4 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 51% | 69% | 70% | 35% | -158% | 469% | 285% | 1,326% | 86% |
Financials of Tracxn Technologies
Ratios
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 42 | 43 | 47 | 41 | 46 | 37 | 7 | 11 |
| Inventory Days | |||||||||
| Days Payable | |||||||||
| Cash Conversion Cycle | 43 | 42 | 43 | 47 | 41 | 46 | 37 | 7 | 11 |
| Working Capital Days | -51 | -73 | -93 | 31 | -1 | -17 | -110 | -149 | -151 |
| ROCE % | -66% | -2% | 12% | 13% | 8% | -7% |
Guidance history
How Tracxn Technologies's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY27 call → | 20–40% | Flat | Planned | — | — |
| Q1 FY27 call → | 10–20% | Up 2%+ | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Down 0–2% | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Tracxn Technologies: frequently asked questions
What is Tracxn Technologies share price today?
Tracxn Technologies last traded at ₹28.21, with a market capitalisation of ₹301 Cr.
What were Tracxn Technologies's latest quarterly results?
For the quarter ended Sep 2026, Tracxn Technologies reported revenue of ₹21 Cr (+0.24% year on year) and net profit of ₹-4 Cr, with an operating margin of -27.93%.
Is Tracxn Technologies's profit growing?
Net profit was ₹-4 Cr in Sep 2026 against ₹-6 Cr in Sep 2025.
What is Tracxn Technologies's EPS?
Tracxn Technologies's earnings per share for the quarter ended Sep 2026 was ₹-0.39.
What is the promoter holding in Tracxn Technologies?
Promoters held 34.61% of Tracxn Technologies in Sep 2026 (−0.02 pp versus Jun 2026).
How much do FIIs and DIIs hold in Tracxn Technologies?
In Sep 2026, foreign institutional investors held 0.96% and domestic institutions (including mutual funds) held 2.90% of Tracxn Technologies.
What is Tracxn Technologies's ROE and ROCE?
Tracxn Technologies's return on equity is -27.7% and its return on capital employed is -6.81%.
Does Tracxn Technologies pay a dividend?
Tracxn Technologies's dividend yield is 0% at the current price; see the Tracxn Technologies dividends page for past payouts.
Which sector does Tracxn Technologies belong to?
Tracxn Technologies is in the Commercial Services & Supplies sector. Its peer comparison and sector ranking are on this page.
What did Tracxn Technologies's management say on the latest earnings call?
Arthneeti's analysis of the Q2 FY27 earnings call covers revenue, margins, capex and fundraising guidance from Tracxn Technologies's management.
How does Arthneeti AI analyse Tracxn Technologies?
Arthneeti reads Tracxn Technologies's earnings call transcripts and filings and scores revenue growth, margins, capex and fundraising, then ranks the company against its sector.
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What Tracxn Technologies's management said in earlier quarters
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