Fractal Analytics Ltd.

•

fractal.aiBSE: 544700NSE: FRACTAL

Market Cap₹ 13,224 Cr.

Current Price

High / Low₹ 1,118 / 734

Stock P/E45.3

Book Value₹ 169

Price to Book4.62

Dividend Yield0.00 %

ROCE12.9 %

ROE13.5 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Fractal ai: 97.3% • Fractal.alpha: 2.7%

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence

68%

View full sector analysis →

PROS

Company has delivered good profit growth of 51.5% CAGR over last 5 years
Promoters have been increasing their shareholding - up 17.0pp over 2 years
Latest quarter profit grew 1202.7% YoY, showing strong momentum
Company has delivered good sales growth of 30.5% CAGR over last 5 years
Operating margins have improved to 15.3% from -2.9%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.13x)

CONS

Company has a low return on capital employed of 9.9%
Company has a low return on equity of 8.7% over last 3 years
Equity base is being diluted - shares outstanding up 561.5%
Working capital days have increased from 139 to 224 days
Effective tax rate is unusually low at 6.5% - earnings may be flattered
Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Information TechnologyITIT - Software

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TCS	2202.00	16.00	796702.87	5.00	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1038.20	13.91	421325.69	4.62	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1207.00	18.80	327539.38	4.47	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	167.50	12.55	165902.38	6.57	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1539.50	29.38	150891.59	3.31	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4301.15	24.39	127581.28	1.74	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11760.00	30.01	102409.76	3.40	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5537.45	45.42	87353.27	0.72	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1847.40	46.58	81835.77	0.86	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2294.10	22.92	43790.98	2.70	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3334.95	26.80	35379.24	1.74	357.10	12.97	2940.10	11.47	27.70	18.65
12.	FRACTAL	764.30	45.26	13224.09	0.00	723.00	1202.70	9125.00	1104.62	12.90	13.10

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026	Jun 2026
	707	758	760	854	886	912
	619	630	700	726	706	818
Operating Profit	88	128	61	128	180	94
OPM %	12.50%	16.90%	8.01%	15.04%	20.33%	10.33%
	50	8	14	2	20	13
Interest	10	11	12	11	13	9
Depreciation	24	34	30	36	37	40
Profit before Tax	105	91	53	83	150	97
Tax %	9.36%	33.26%	28.87%	-42.33%	18.16%	25.77%
Net Profit	0	0	38	100	116	72
	6.02	3.54	2.41	6.40	7.07	4.31

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	275	401	604	768	873	1,295	1,985	2,196	2,765	3,300	3,414
	293	417	630	782	774	1,379	2,102	2,123	2,416	2,794	2,950
Operating Profit	-18	-16	-25	-14	100	-84	-116	73	350	505	464
OPM %	-6.62%	-4.01%	-4.17%	-1.85%	11.40%	-6.45%	-5.86%	3.34%	12.65%	15.32%	13.59%
	18	18	30	22	19	19	582	40	78	55	48
Interest	1	1	5	20	16	14	45	44	58	47	45
Depreciation	9	10	11	47	52	69	78	83	102	136	142
Profit before Tax	-9	-10	-11	-60	51	-148	313	-30	238	307	384
Tax %	39.17%	-241.46%	-177.99%	-29.19%	29.47%	-0.61%	37.97%	-79.34%	7.31%	6.49%	8.44%
Net Profit	-5	-33	-30	-77	36	-148	194	-55	221	287	352
EPS	-2.30	-13.90	-12.60	-31.89	15.28	-53.43	12.42	-18.27	85.77	16.99	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 30%
5 Years:: 30%
3 Years:: 18%

COMPOUNDED PROFIT GROWTH

10 Years:: 43%
5 Years:: 51%
3 Years:: 13%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: -1%
5 Years:: 4%
3 Years:: 9%
Last Year:: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2	2	2	2	2	3	3	3	3	17
Minority Interest	0	0	0	92	124	0	20	14	12	1
	416	384	358	227	265	1,051	1,138	1,112	1,412	2,818
	0	9	309	383	358	330	364	372	430	133
Trade Payables	4	10	12	29	26	63	57	51	62	136
	32	84	157	181	191	362	627	791	883	1,181
Total Liabilities	455	489	838	914	967	1,808	2,209	2,344	2,802	4,285
	14	69	127	202	172	552	558	626	687	765
	296	219	88	23	96	404	740	879	994	1,238
	0	0	0	0	0	0	0	533	585	710
Cash & Bank	18	32	353	362	373	225	220	88	288	1,165
	128	170	269	326	326	628	690	217	248	407
Total Assets	455	489	838	914	967	1,808	2,209	2,344	2,802	4,285

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-3	14	-17	-18	101	-100	-9	160	397	409
Cash from Investing	-288	6	41	6	-53	-799	125	-150	-181	-1,422
Cash from Financing	301	2	307	42	-17	724	-57	-145	-22	938
	-2	14	321	8	11	-192	37	-136	194	-76

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Feb 2026	Mar 2026	Jun 2026
	0.00	0.00	0.00	0.00	0.00	0.00	16.97	16.97	16.97
	0.00	0.00	0.00	0.00	0.00	0.00	40.62	40.48	40.87
	0.00	0.00	0.00	0.00	0.00	0.00	12.48	13.25	12.26
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	100.00	100.00	100.00	100.00	100.00	100.00	29.94	29.30	29.90

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-10 - Schedule of Analysts or Institutional Investors meet

2026-09-09

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-09 - Schedule of Analysts or Institutional Investors meet

2026-09-03

Other Restructuring

2026-09-03 - Liquidation of step-down subsidiary of the Company

2026-09-02

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-02 - Schedule of Analysts or Institutional Investors meet

2026-08-31

Outcome of Board Meeting

2026-08-31 - Appointment of Chief Financial Officer of the Company

2026-08-31

ESOP/ESOS/ESPS

2026-08-31 - Allotment of 10,57,153 Equity Shares pursuant to exercise of Stock Options.

2026-08-25

Updates

2026-08-25 - Fractal establishes India Business Unit to meet increasing demand from large Indian enterprises.

2026-08-25

Copy of Newspaper Publication

2026-08-25 - Newspaper Publication Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

2026-08-24

Shareholders meeting

2026-08-24 - Notice of the 26th Annual General Meeting and Annual Report for FY 2025-26

News

Recent coverage and analyst commentary for FRACTAL

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AI Stock Analyst

Fractal Analytics Ltd.

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Free 5nance Account

Name

TCS

2202.00

16.00

796702.87

5.00

13420.00

4.69

72275.00

13.93

66.25

25.67

INFY

1038.20

13.91

421325.69

4.62

7775.00

12.29

48211.00

14.03

42.84

23.66

HCLTECH

1207.00

18.80

327539.38

4.47

4626.00

20.34

34579.00

13.94

31.20

19.87

WIPRO

167.50

12.55

165902.38

6.57

3356.30

0.59

24478.60

10.59

18.49

18.93

TECHM

1539.50

29.38

150891.59

3.31

1486.30

31.67

15711.90

17.68

23.04

17.43

LTM

4301.15

24.39

127581.28

1.74

1468.60

17.06

11608.00

17.96

30.25

17.75

OFSS

11760.00

30.01

102409.76

3.40

1415.50

120.52

3125.20

68.73

45.50

60.04

PERSISTENT

5537.45

45.42

87353.27

0.72

483.04

13.67

4303.23

29.09

35.09

16.19

COFORGE

1847.40

46.58

81835.77

0.86

531.70

49.19

5527.70

49.86

24.70

19.14

MPHASIS

2294.10

22.92

43790.98

2.70

489.51

10.82

4384.05

17.46

23.31

18.15

LTTS

3334.95

26.80

35379.24

1.74

357.10

12.97

2940.10

11.47

27.70

18.65

FRACTAL

764.30

45.26

13224.09

0.00

723.00

1202.70

9125.00

1104.62

12.90

13.10

Dec 2024

Mar 2025

Jun 2025

Dec 2025

Mar 2026

Jun 2026

707

758

760

854

886

912

619

630

700

726

706

818

Operating Profit

128

180

OPM %

12.50%

16.90%

8.01%

15.04%

20.33%

10.33%

Interest

Depreciation

Profit before Tax

105

150

Tax %

9.36%

33.26%

28.87%

-42.33%

18.16%

25.77%

Net Profit

100

116

6.02

3.54

2.41

6.40

7.07

4.31

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

275

401

604

768

873

1,295

1,985

2,196

2,765

3,300

3,414

293

417

630

782

774

1,379

2,102

2,123

2,416

2,794

2,950

Operating Profit

-18

-16

-25

-14

100

-84

-116

350

505

464

OPM %

-6.62%

-4.01%

-4.17%

-1.85%

11.40%

-6.45%

-5.86%

3.34%

12.65%

15.32%

13.59%

582

Interest

Depreciation

102

136

142

Profit before Tax

-9

-10

-11

-60

-148

313

-30

238

307

384

Tax %

39.17%

-241.46%

-177.99%

-29.19%

29.47%

-0.61%

37.97%

-79.34%

7.31%

6.49%

8.44%

Net Profit

-5

-33

-30

-77

-148

194

-55

221

287

352

EPS

-2.30

-13.90

-12.60

-31.89

15.28

-53.43

12.42

-18.27

85.77

16.99

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

124

416

384

358

227

265

1,051

1,138

1,112

1,412

2,818

309

383

358

330

364

372

430

133

Trade Payables

136

157

181

191

362

627

791

883

1,181

Total Liabilities

455

489

838

914

967

1,808

2,209

2,344

2,802

4,285

127

202

172

552

558

626

687

765

296

219

404

740

879

994

1,238

533

585

710

Cash & Bank

353

362

373

225

220

288

1,165

128

170

269

326

628

690

217

248

407

Total Assets

455

489

838

914

967

1,808

2,209

2,344

2,802

4,285

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-3

-17

-18

101

-100

-9

160

397

409

Cash from Investing

-288

-53

-799

125

-150

-181

-1,422

Cash from Financing

301

307

-17

724

-57

-145

-22

938

-2

321

-192

-136

194

-76

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Feb 2026

Mar 2026

Jun 2026

0.00

16.97

0.00

40.62

40.48

40.87

0.00

12.48

13.25

12.26

Government

0.00

100.00

29.94

29.30

29.90

Fractal Analytics Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Fractal Analytics Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI