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AI and analytics consulting firm helping large enterprises build data-driven decision-making and AI products.
AI and analytics consulting firm helping large enterprises build data-driven decision-making and AI products.
Is paid for projects and ongoing teams, with client engagements billed by effort or as fixed projects, usually repeat work with the same large corporations, and a large share of revenue from the US. Growth comes from adding work inside existing accounts and moving from consulting into recurring software products.
In one line: India's analytics-consulting specialist.
Moat: narrow (process know-how, IP / patents). Deep AI/data-science talent pool and proprietary tools differentiate it from generic IT vendors.
Headquarters: Mumbai, India · Founded: 2000 · Employees: 5,868
Size Fractal Analytics (FRACTAL.NS) is an India Information Technology company (Packaged Software) with a market value of $1.49B, the 470th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹808.85 on 6 Nov 2026.
Performance Over six months the shares fell 26.6%, against -16.1% for the median peer and 0.0% for the India market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue grew 19.3% over the last twelve months (peer median +10.3%); the operating margin is 11.8% (peer median 7.4%).
Valuation It trades at 41.5× forward earnings against a peer median of 18.7× (3rd most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 31% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +13 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.9 points above its cost of capital (13.0% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | ₹33.0B | ₹27.7B | ₹22.0B | ₹19.9B |
| Revenue growth | — | +19% | +26% | +11% | — |
| Gross profit | n/a | ₹6.06B | ₹4.09B | ₹1.35B | -₹32.0M |
| EBITDA | n/a | ₹5.26B | ₹3.57B | ₹741M | -₹1.01B |
| Net income | n/a | ₹2.92B | ₹2.23B | -₹475M | ₹2.03B |
| Free cash flow | n/a | ₹1.69B | ₹2.85B | ₹969M | -₹1.03B |
| Capital expenditure | n/a | ₹2.19B | ₹828M | ₹245M | ₹339M |
| Total debt | ₹1.31B | ₹4.18B | ₹4.29B | ₹3.63B | ₹3.77B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Fractal Analytics FRACTAL.NS | $1.49B | -27% | +19% | 12% | 41.5× | 31.4% |
| Latent View Analytics LATENTVIEW.NS | $449M | -34% | +20% | 18% | 19.8× | 24.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FRACTAL.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.1% | +1.2% | 3rd highest of 21 |
| 6-month return | -26.6% | -16.1% | 7th lowest of 20 |
| Distance from 52-week high | -27.6% | -44.0% | 6th highest of 21 |
| Revenue growth (TTM) | +19.3% | +10.3% | 9th highest of 21 |
| Operating margin | 11.8% | 7.4% | 9th highest of 21 |
| Forward P/E | 41.5× | 18.7× | 3rd most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 31.4% | 12.3% | 2nd most demanding of 15 |
| Growth delivered (Del g) | +18.5% | +13.9% | 6th highest of 15 |
| Hurdle (Req g minus delivered) | +12.9 pp | -6.9 pp | 3rd most demanding of 15 |
| ROIC minus cost of capital | +2.9 pp | -0.1 pp | 6th highest of 19 |
| EV / EBITDA | 23.7× | 11.8× | 2nd most expensive of 11 |
| Net debt / EBITDA | -3.0× | -0.8× | 4th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fractal Analytics FRACTAL.NS | India | $1.49B | -27% | +19% | 12% | 41.5× | 31.4% | +18.5% |
| Phancy 6682.HK | Hong Kong | $1.48B | -45% | +42% | -5% | 88.0× | n/a | n/a |
| Wuxi Boton Technology 300031.SZ | China | $1.50B | +8% | +22% | 2% | 32.5× | 30.2% | +5.6% |
| BlackLine BL | United States | $1.50B | -15% | +9% | 7% | 10.0× | 12.1% | +14.8% |
| Pagaya Technologies PGY | United States | $1.47B | +15% | +11% | 22% | 7.8× | 4.1% | +68.9% |
| YGsoft 002063.SZ | China | $1.51B | -16% | +5% | 13% | 31.0× | 16.3% | +8.9% |
| Exzeo XZO | United States | $1.47B | +21% | +329% | 49% | 14.8× | -8.4% | +59.0% |
| PearlAbyss 263750.KS | South Korea | $1.47B | -44% | +114% | 40% | 7.1× | n/a | n/a |
| Systex 6214.TW | Taiwan | $1.46B | +54% | +34% | 3% | 16.6× | -12.4% | +13.1% |
| GO Inc. 581A.T | Japan | $1.45B | n/a | +32% | 17% | 21.9× | 34.7% | +31.9% |
| NextNav NN | United States | $1.45B | -56% | -36% | -1,900% | n/a | n/a | n/a |
| EverCommerce EVCM | United States | $1.45B | -31% | -7% | 13% | 11.7× | 11.6% | +11.8% |
| Yusys Technologies 300674.SZ | China | $1.53B | -23% | -11% | 8% | 20.8× | 15.6% | +4.0% |
| Digiwin 300378.SZ | China | $1.54B | -2% | +10% | 9% | 32.5× | n/a | n/a |
| CloudWalk Technology 688327.SS | China | $1.54B | -28% | -47% | -165% | n/a | n/a | n/a |
| Paradox Interactive PDX.ST | Sweden | $1.54B | +6% | +13% | 6% | 25.3× | 20.8% | +4.1% |
| Alkami Technology ALKT | United States | $1.44B | -25% | +24% | -5% | 13.1× | 12.6% | +31.7% |
| Sprinklr CXM | United States | $1.55B | +25% | +6% | 6% | 13.0× | 4.8% | +17.2% |
| MIXI 2121.T | Japan | $1.56B | +51% | +30% | 14% | 10.7× | -18.1% | +7.5% |
| KPIT Technologies KPITTECH.NS | India | $1.57B | -25% | +9% | 14% | 26.3× | 14.8% | +26.0% |
| Shenzhen Kingdom Sci-tech 600446.SS | China | $1.41B | -27% | -22% | -6% | 177.0× | n/a | n/a |