Tracxn Technologies Limited (TRACXN)

About

Tracxn Technologies Limited operates in data processing services within commercial services & supplies, a small-cap player in the Industrials sector with ₹310.76 crore market capitalization. Quarterly revenues have remained flat at approximately ₹21 crore over two years while profitability has deteriorated sharply, with net losses in 6 of the last 8 quarters. The company faces significant operational headwinds reflected in recent operating margins of -20.07% (Jun 2026) and -19.86% (Mar 2026).

Face value: ₹1

Market cap

₹339 Cr

P/E

—

P/B

6.4×

Dividend yield

0%

ROE

-13.3%

ROCE

-0.9%

Debt / equity

0

OPM

-7.8%

EPS (TTM)

₹-1.1

Book value

₹4.9

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin collapse from near-breakeven levels a year ago to -20.07% (Jun 2026) and -19.86% (Mar 2026) indicates either rapidly rising costs or pricing pressure unsustainable at current revenue.
Profitability volatility with 6 losses and 2 gains across 8 recent quarters, ranging from ₹7.58 crore loss to ₹1.42 crore gain, raises questions about business model consistency and predictability.
Revenue stagnation at ₹21 crore per quarter over two years despite being in data services sector, suggesting inability to capture market share or scale offerings.
Quarterly cash burn of ₹3–7 crore in recent quarters strains runway despite zero debt; verify sustainability of operations and timeline to profitability from latest disclosures.

Generated analysis · source review pending

Growth drivers

Operating margin recovery from -20.07% (Jun 2026) would require either cost reduction or demand reacceleration — verify efficiency initiatives and customer additions from earnings call.
Revenue acceleration beyond ₹21 crore quarterly plateau to demonstrate business scaling and competitive traction — verify new contract wins and customer pipeline from recent filings.
Financial flexibility from zero debt (D/E = 0) to fund operational turnaround or technology investment without debt servicing constraints.
Data processing sector growth from digitalization and analytics adoption in Indian enterprises — verify addressable market expansion and company positioning versus established competitors.

Generated analysis · source review pending

971 historical price candles were omitted because the exchange source has not been verified.

₹31.7-3.7%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)

Cons

−Low return on equity of -5.8% (3-yr avg)
−Modest revenue growth of 2.4% a year over the last 3 years

Research score

Structured signal from quality, growth, valuation and momentum.

36/100

Business quality: 25
Growth: 8
Valuation: 75

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.

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Eclerx Services LimitedECLERXECLERX	₹16,965 Cr	₹16,965 Cr	₹4,335 Cr	₹1,096 Cr	25.5%	₹729 Cr	17.2%	34.3%	29%	78
Central Mine Planning & Design Institute LimitedCMPDICMPDI	₹14,593 Cr	₹14,593 Cr	₹2,317 Cr	₹778 Cr	33.6%	₹613 Cr	26.5%	34.6%	26.9%	-3,226
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Indiabulls LimitedIBULLSLTDIBULLSLTD	₹6,856 Cr	₹7,314 Cr	₹1,101 Cr	₹417 Cr	33.2%	₹419 Cr	41.5%	—	8.9%	—
Inox Green Energy Services LimitedINOXGREENINOXGREEN	₹6,384 Cr	₹6,472 Cr	₹280 Cr	₹28 Cr	8.2%	₹121 Cr	36.8%	8.5%	5.6%	405
Leap India LimitedLEAPINDLEAPIND	₹6,036 Cr	₹7,054 Cr	₹730 Cr	₹157 Cr	21.5%	₹62 Cr	8.6%	9.5%	9.6%	-520
Smartworks Coworking Spaces LimitedSMARTWORKSSMARTWORKS	₹5,837 Cr	₹6,044 Cr	₹1,963 Cr	₹1,260 Cr	64.3%	₹28 Cr	0.6%	7.5%	2%	-102

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Financials

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

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	63	78	83	84	84
	65	76	78	84	91
	-2	3	5	1	-7
OPM %	-3%	3.3%	5.6%	1%	-7.8%
Depreciation	0	0	0	0	0
Interest	0	0	0	0	0
	-3	8	4	6	5
Profit before tax	-5	10	9	7	-2
Tax	0	-23	2	16	6
Tax %	0%	-232.6%	25.1%	244.3%	319.7%
	-5	33	7	-10	-8
PAT margin %	-7.6%	42.4%	7.9%	-11.3%	-9.4%
EPS (₹)	-0.5	3.3	0.6	-0.9	-0.7
EPS adjusted (₹)	-0.5	3.3	0.6	-0.9	-0.7
Annual report	—	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	0	10	10	10	11	11
Reserves	—	11	50	61	55	42
Minority interest	—	—	—	0	—	—
	—	0	0	0	0	0
	—	33	38	42	45	46
Total equity & liabilities	—	54	97	113	111	98
	0	0	0	0	0	0
CWIP	—	—	0	0	0	—
Investments	—	16	37	68	90	87
	—	37	60	45	21	11
Total assets	—	54	97	113	111	98

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	15	11	14	-3
	1	-16	-9	-16	10
	0	0	0	0	-8
Net cash flow	1	-1	2	-1	-2
Free cash flow	0	15	11	14	-4
CFO / Operating profit %	—	587.6%	245.1%	—	—

Compounded sales growth

7 years: —
5 years: —
3 years: 2%
1 year: -1%

Return on equity

7 years: —
5 years: 2%
3 years: -7%
Last year: -15%

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Ratios

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

Standalone figures

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—
EBITDA margin %	-3%	3.3%	5.6%	1%	-7.8%
EBIT margin %	-3.2%	3.1%	5.3%	0.9%	-8%
PAT margin %	-7.6%	42.4%	7.9%	-11.3%	-9.4%
Working capital
Receivable days	41	46	37	7	11
Inventory days	0	0	0	0	0
Payable days	4	4	3	2	3
NWC days	38	41	34	5	8
Leverage
Current ratio	1.65	2.05	2.24	2.48	2.4
Debt to EBITDA	—	0	0	0	—
Debt to equity	0	0	0	0	0
Interest coverage	—	—	—	—	—
Asset turnover	1.17	0.8	0.73	0.76	0.86
Return ratios
Return on assets %	-9%	34%	5.7%	-8.6%	-8%
Return on capital employed %	-1.4%	12.6%	12.6%	9.1%	-0.9%
Return on equity %	-23.5%	55.4%	9.2%	-14.5%	-15%

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
	35.22%	34.93%	34.87%	34.75%	34.56%	34.29%	34.18%	33.98%	34.39%	34.44%	34.54%	34.63%
	3.93%	3.37%	2.72%	2.43%	2.86%	3.02%	3.15%	0.64%	0.41%	0.84%	0.52%	0.72%
	17.05%	13.36%	6.36%	6.34%	4.85%	4.38%	4.47%	4.61%	3.25%	3.3%	3.45%	3.44%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	43.8%	48.34%	56.05%	56.48%	57.73%	58.31%	58.2%	60.77%	61.95%	61.42%	61.49%	61.21%
No. of shareholders	—	—	—	—	—	—	—	—	81,634	77,685	75,925	73,688

Promoter holding down 0.59 percentage points since Sep 2023.

186 deals · 20 Oct 2022 – 9 Feb 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
9 Feb 2026	PARAM CAPITAL	Bulk	NSE	Sell	20,00,000	₹33.00	₹6.60 Cr
9 Feb 2026	MUKUL MAHAVIR AGRAWAL	Bulk	NSE	Buy	20,00,000	₹33.00	₹6.60 Cr
31 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	6,35,289	₹103.11	₹6.55 Cr
31 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	6,35,289	₹103.17	₹6.55 Cr
30 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	6,18,589	₹100.86	₹6.24 Cr
30 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	6,18,589	₹100.76	₹6.23 Cr
21 May 2024	INDIA NERDS	Bulk	NSE	Sell	9,00,000	₹87.36	₹7.86 Cr
2 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	5,48,153	₹103.60	₹5.68 Cr
2 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	5,48,153	₹103.58	₹5.68 Cr
1 Feb 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	10,92,206	₹103.09	₹11.26 Cr

1–10 of 186

1 / 19

Ms. Neha SinghExecutive Director-Chairperson related to Promoter-MD
Mr. Abhishek GoyalExecutive Director
Mr. Brij BhushanNon-Executive - Independent Director
Ms. Payal GoelNon-Executive - Independent Director
Mr. Akshay BhushanNon-Executive - Independent Director
Mr. Rohit JainNon-Executive - Independent Director
Mr. Prashant ChandraChief Financial Officer
Ms. Megha TibrewalCompany 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

2

across 2 fund houses

Held by these funds

1.43%

of the company's equity

All mutual funds

1.43%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

2 schemes · 2 fund houses

		Shares
Portfolio of Kotak Pioneer Fund	Kotak Mahindra Mutual Fund	12.11 L	3.65	0.09%	1.133%	-0
Technology Fund	ICICI Prudential Mutual Fund	3.18 L	0.96	0.01%	0.297%	-0

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Documents

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

Announcements

30

Annual reports

4

Investor Presentation and earnings call

4

May 2026Transcript AI Summary PPT REC
Feb 2026Transcript AI SummaryPPT

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 results5 Aug 2026

1

Earnings call5 Aug 2026call

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

14 announcementsExport CSV

8 Sept 2026, 1:16 pmCompany Update

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

Allotment of ESOP / ESPS PDF

27 Aug 2026, 6:15 pmCompany Update

Intimation For Grant Of Employee Stock Options Under ''TRACXN Employee Stock Option Plan 2016

General PDF

19 Aug 2026, 5:32 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

17 Aug 2026, 9:07 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

8 Aug 2026, 5:10 pmCompany Update

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

Allotment of ESOP / ESPS PDF

31 Jul 2026, 7:00 pmCompany Update

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

Analyst / Investor Meet PDF

30 Jul 2026, 5:51 pmBoard Meeting

Board Meeting Intimation For The Approval Of Unaudited Financial Results Of The Company For The Quarter Ended June 30, 2026

Exchange filing PDF

24 Jul 2026, 4:44 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
8 Sept 2026, 1:16 pm	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
27 Aug 2026, 6:15 pm	Company Update General	Intimation For Grant Of Employee Stock Options Under ''TRACXN Employee Stock Option Plan 2016

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Tracxn Technologies Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

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

Board meetings1

Other corporate actions1

Announcements

Board meetings1

Other corporate actions1

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1

1

1