Latent View Analytics Limited (LATENTVIEW)

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Latent View Analytics Limited (LATENTVIEW) · mywealthgrid

About

Latent View Analytics provides software and IT consulting services within the information technology sector. With a ₹5,900 Cr market cap and consolidated quarterly revenues around ₹280–290 Cr, it operates at mid-market scale across both standalone and acquired/subsidiary businesses.

Face value: ₹1

Market cap

₹4,851 Cr

P/E

24.8×

P/B

2.8×

Dividend yield

ROE

12.2%

ROCE

15.5%

Debt / equity

OPM

22.3%

EPS (TTM)

₹9.4

Book value

₹84.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation risk: PE 30.2 with stock down 28.42% in 1y suggests market concerns about growth justification; verify near-term revenue trajectory and execution
Margin pressure in consolidated operations: Consolidated OPM of 19.76–23.4% significantly trails standalone OPM of 26.51–31.45%, indicating profitability challenges in subsidiaries or acquired business units
Low capital efficiency: ROE of only 12.17% is weak for a software services company; verify whether capital deployment is constrained by business model or operational issues
Customer concentration: Typical software services risk; verify concentration in top customers, contract duration, and churn rates

Generated analysis · source review pending

Growth drivers

Consolidated revenue trajectory: Rose from ₹257.54 Cr (Sep 2025) to ₹288.62 Cr (Mar 2026), ~12% growth over 6 months before slight dip in Jun; verify if this growth momentum can be sustained
Standalone margin expansion: OPM improved from 26.51% (Sep 2025) to 31.45% (Jun 2026) over 9 months; persistence of this trend would drive strong EPS accretion
Subsidiary margin recovery potential: Consolidated operations currently at 19.76% OPM vs standalone 31.45%; if acquired/subsidiary operations reach standalone efficiency levels, significant profit expansion available
Consolidated scale multiplication: Jun consolidated revenue ₹286.88 Cr is 2.8x standalone ₹103.64 Cr; if consolidated growth accelerates, EPS growth could decouple above standalone revenue growth

Generated analysis · source review pending

1,198 historical price candles were omitted because the exchange source has not been verified.

₹234.5-0.4%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 22.3%
+Profit CAGR of 16.7% over the last 5 years
+Revenue CAGR of 28.2% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 27.2×
+High promoter holding of 65.1% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

59/100

Business quality: 64
Growth: 54
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Persistent Systems LimitedPERSISTENTPERSISTENT	₹84,691 Cr	₹84,691 Cr	₹15,718 Cr	₹2,881 Cr	19%	₹1,923 Cr	12.7%	34.2%	26.3%	48
Coforge LimitedCOFORGECOFORGE	₹80,837 Cr	₹81,237 Cr	₹18,152 Cr	₹3,397 Cr	17.9%	₹1,717 Cr	10.6%	22.2%	19.7%	88
Mphasis LimitedMPHASISMPHASIS	₹42,956 Cr	₹44,749 Cr	₹16,531 Cr	₹3,071 Cr	18.8%	₹1,910 Cr	11.7%	24.7%	18.3%	58
Hexaware Technologies LimitedHEXTHEXT	₹29,966 Cr	₹29,966 Cr	₹14,420 Cr	₹2,155 Cr	14.2%	₹1,344 Cr	10.2%	—	—	—
Tata Elxsi LimitedTATAELXSITATAELXSI	₹19,268 Cr	₹19,268 Cr	₹3,886 Cr	₹876 Cr	22.5%	₹655 Cr	16.7%	29.9%	21.3%	-54
Fractal Analytics LimitedFRACTALFRACTAL	₹12,510 Cr	₹12,796 Cr	₹3,300 Cr	₹508 Cr	15.4%	₹292 Cr	8.7%	15.3%	11.8%	61
Rategain Travel Technologies LimitedRATEGAINRATEGAIN	₹9,953 Cr	₹10,875 Cr	₹2,336 Cr	₹459 Cr	18.5%	₹242 Cr	10.7%	13.8%	10.5%	36
Zensar Technologies LimitedZENSARTECHZENSARTECH	₹9,881 Cr	₹9,881 Cr	₹5,811 Cr	₹926 Cr	16.1%	₹776 Cr	13.6%	23%	17.6%	31
ASM Technologies LtdASMTECASMTEC	₹9,641 Cr	₹9,754 Cr	₹529 Cr	₹101 Cr	19.1%	₹26 Cr	11.5%	33.3%	25.7%	202
Intellect Design Arena LimitedINTELLECTINTELLECT	₹8,566 Cr	₹8,566 Cr	₹3,182 Cr	₹603 Cr	19.1%	₹351 Cr	11.3%	15.6%	11.6%	46
Birlasoft LimitedBSOFTBSOFT	₹7,542 Cr	₹7,551 Cr	₹5,404 Cr	₹930 Cr	16.3%	₹573 Cr	9.8%	21.2%	13.7%	63
Sonata Software LimitedSONATSOFTWSONATSOFTW	₹7,124 Cr	₹7,692 Cr	₹11,015 Cr	₹752 Cr	6.9%	₹463 Cr	4.3%	32.4%	25.7%	-19

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	306	408	539	641	848	1,060
	201	286	394	505	652	824
	105	122	145	136	196	236
OPM %	34.2%	29.9%	26.9%	21.2%	23.1%	22.3%
Depreciation	7	8	9	10	29	41
Interest	3	3	3	3	7	10
	21	44	56	74	69	76
Profit before tax	116	154	189	197	229	261
Tax	24	25	34	38	55	59
Tax %	21.1%	16%	17.9%	19.5%	24.2%	22.6%
	91	130	155	159	174	202
PAT margin %	29.9%	31.8%	28.9%	24.8%	20.5%	19.1%
EPS (₹)	5.4	7.1	7.7	7.7	8.5	9.6
EPS adjusted (₹)	112.9	6.5	7.6	7.7	8.4	9.6
Annual report	—	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	1	1	20	20	21	21	21
Reserves	—	437	1,006	1,187	1,354	1,479	1,735
Minority interest	—	0	—	—	—	37	29
	—	23	0	0	0	0	0
	—	59	73	55	81	252	310
Total equity & liabilities	—	519	1,100	1,263	1,456	1,789	2,094
	35	30	29	23	28	401	397
CWIP	—	0	0	—	—	9	0
Investments	—	139	194	501	676	848	917
	—	350	878	739	753	531	781
Total assets	—	519	1,100	1,263	1,456	1,789	2,094

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—
EBITDA margin %	34.2%	29.9%	26.9%	21.2%	23.1%	22.3%
EBIT margin %	31.9%	27.9%	25.3%	19.7%	19.6%	18.4%
PAT margin %	29.9%	31.8%	28.9%	24.8%	20.5%	19.1%
Working capital
Receivable days	73	75	67	64	80	80
Inventory days	0	0	0	0	0	0
Payable days	6	5	4	7	11	9
NWC days	67	69	63	57	68	71
Leverage
Current ratio	11.35	18.08	27.75	20.04	6.64	4.05
Debt to EBITDA	0.22	0	0	0	0	0
Debt to equity	0.05	0	0	0	0	0
Interest coverage	45.4	43.2	72.7	65.6	35.9	27.2
Asset turnover	0.59	0.37	0.43	0.44	0.47	0.51
Return ratios
Return on assets %	17.6%	11.8%	12.3%	10.9%	9.7%	9.7%
Return on capital employed %	24.3%	17.5%	16.8%	15.2%	15.4%	15.5%
Return on equity %	20.9%	12.6%	12.9%	11.5%	11.6%	11.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65.74%	65.42%	65.42%	65.39%	65.39%	65.24%	65.24%	65.2%	65.2%	65.1%	65.1%	65.1%
	2.56%	2.54%	2.39%	2.41%	2.66%	2.87%	3.02%	2.11%	2.17%	3.72%	3.15%	2.13%
	1.57%	2.45%	4.46%	4.42%	3.65%	3.66%	3.27%	3.25%	3.39%	4.2%	4.12%	3.6%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	30.13%	29.59%	27.73%	27.78%	28.3%	28.23%	28.47%	29.44%	29.24%	26.98%	27.63%	29.17%
No. of shareholders	—	—	—	—	—	—	—	—	2,28,646	2,11,187	2,10,677	2,16,050

Promoter holding down 0.64 percentage points since Sep 2023.

18 deals · 23 Nov 2021 – 2 Apr 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
2 Apr 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	29,50,795	₹294.14	₹86.79 Cr
2 Apr 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	29,49,581	₹294.01	₹86.72 Cr
2 Apr 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	19,29,649	₹290.75	₹56.10 Cr
2 Apr 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	19,29,649	₹290.65	₹56.09 Cr
2 Apr 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	13,49,891	₹291.35	₹39.33 Cr
2 Apr 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	13,42,872	₹291.05	₹39.08 Cr
2 Apr 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Sell	11,66,813	₹295.06	₹34.43 Cr
2 Apr 2026	JUMP TRADING FINANCIAL INDIA PRIVATE LIMITED	Bulk	NSE	Buy	11,66,813	₹294.66	₹34.38 Cr
2 Apr 2026	SOCIETE GENERALE	Bulk	NSE	Buy	10,79,020	₹290.69	₹31.37 Cr
2 Apr 2026	MATHISYS ADVISORS LLP	Bulk	NSE	Sell	10,40,086	₹292.18	₹30.39 Cr

1–10 of 18

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Mr. Adugudi Viswanathan VenkatramanExecutive Director-Chairperson related to Promoter
Ms. Pramadwathi JandhyalaExecutive Director
Mr. Raghuttama Rao RaghavendraNon-Executive - Independent Director
Mr. Reed Allen CundiffNon-Executive - Independent Director
Mr. Anindya GhoseNon-Executive - Independent Director
Ms. Sudha SankaranNon-Executive - Independent Director
Ms. Sonal RamrakhianiChief Executive Officer
Mr. P. SrinivasanCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 10 fund houses

Held by these funds

0.41%

of the company's equity

All mutual funds

2.86%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

28 schemes · 10 fund houses

		Shares
Small Cap FundNEW	Helios Mutual Fund	2.61 L	7.05	0.41%	0.126%	—
Aggressive Hybrid Fund	Nippon India Mutual Fund	1.74 L	4.7	0.12%	0.084%	-0
Nifty Smallcap 250 Index Fund	Nippon India Mutual Fund	1.15 L	3.11	0.09%	0.056%	+1,410
Nifty Smallcap250 Quality 50 Index Fund	DSP Mutual Fund	82,527	2.23	0.7%	0.04%	-76
Nifty Smallcap 250 Index Fund	SBI Mutual Fund	58,604	1.58	0.09%	0.028%	+654
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	42,482	1.15	0.09%	0.021%	+385
Nifty 500 Equal Weight Index Fund	Nippon India Mutual Fund	35,022	0.94	0.18%	0.017%	+18
Nifty Smallcap 250 Index Fund	ICICI Prudential Mutual Fund	25,848	0.7	0.09%	0.012%	+523

1–8 of 28

1 / 4

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Investor Presentation and earnings call

Aug 2026Transcript AI Summary PPTREC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results31 Oct 2026 · in 29 daysresults

2

Board meeting to consider results31 Oct 2026
Board meeting to consider results1 Aug 2026

1

Earnings call3 Aug 2026call

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

59 announcementsExport CSV

28 Sept 2026, 7:28 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

28 Sept 2026, 6:55 pmBoard Meeting

Board Meeting Intimation for Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company, Prepared In Accordance With Indian Accounting Standards (Ind AS) For The Quarter And Half Year Ending On September 30, 2026.

Exchange filing PDF

18 Sept 2026, 3:33 pmCompany Update

Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') - ESG Rating

General PDF

16 Sept 2026, 11:29 amCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

8 Sept 2026, 8:52 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

3 Sept 2026, 3:15 pmCompany Update

Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') - ESG Rating

General PDF

18 Aug 2026, 11:53 amCompany Update

Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') - ESG Rating

General PDF

10 Aug 2026, 1:08 pmCompany Update

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Call Transcript PDF

Date	Category	Subject	Filing
28 Sept 2026, 7:28 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
28 Sept 2026, 6:55 pm	Board Meeting	Board Meeting Intimation for Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company, Prepared In Accordance With Indian Accounting Standards (Ind AS) For The Quarter And Half Year Ending On September 30, 2026.

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—
EBITDA margin %	34.2%	29.9%	26.9%	21.2%	23.1%	22.3%
EBIT margin %	31.9%	27.9%	25.3%	19.7%	19.6%	18.4%
PAT margin %	29.9%	31.8%	28.9%	24.8%	20.5%	19.1%
Working capital
Receivable days	73	75	67	64	80	80
Inventory days	0	0	0	0	0	0
Payable days	6	5	4	7	11	9
NWC days	67	69	63	57	68	71
Leverage
Current ratio	11.35	18.08	27.75	20.04	6.64	4.05
Debt to EBITDA	0.22	0	0	0	0	0
Debt to equity	0.05	0	0	0	0	0
Interest coverage	45.4	43.2	72.7	65.6	35.9	27.2
Asset turnover	0.59	0.37	0.43	0.44	0.47	0.51
Return ratios
Return on assets %	17.6%	11.8%	12.3%	10.9%	9.7%	9.7%
Return on capital employed %	24.3%	17.5%	16.8%	15.2%	15.4%	15.5%
Return on equity %	20.9%	12.6%	12.9%	11.5%	11.6%	11.5%

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	90	87	97	115	130	165
	-45	-439	-285	-4	-242	-73
	17	449	-4	-1	-5	-7
Net cash flow	62	97	-192	111	-116	85
Free cash flow	88	81	94	111	114	142
CFO / Operating profit %	86%	71.8%	67.2%	84.8%	66.7%	69.6%

Latent View Analytics Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

1

2

1

Announcements

Not in the F&O segment

1

2

1

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Latent View Analytics Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Upcoming and recent1

Board meetings2

Other corporate actions1

Announcements

Ratio timeline

Not in the F&O segment

Upcoming and recent1

Board meetings2

Other corporate actions1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

2

1

1

2

1