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← CockpitCompetitor Analysis › FUSIONCX.NS Fusion CX LimitedOpen in the cockpit ↗

Fusion CX LimitedFUSIONCX.NSCompetitor analysis, valuation and peers

India · INR·Commercial Services›Miscellaneous Commercial Services
Mkt cap
$415M
US dollars, full cap
$/day
$5.77M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+2.1 pp
WACC 14.4%
Hurdle
+5 pp
Req g minus delivered
Close · INR₹270.70
1D-2.7%
1W-3.2%
1Mn/a
3Mn/a
6Mn/a
YTDn/a
1Yn/a

What Fusion CX does

No business profile yet.

Fusion CX at a glance

Size Fusion CX (FUSIONCX.NS) is an India Industrials company (Miscellaneous Commercial Services) with a market value of $415M, the 926th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹270.70 on 6 Nov 2026.

Growth Revenue grew 36.8% over the last twelve months (peer median +1.3%); the operating margin is 11.3% (peer median 4.3%).

Valuation It trades at 2.3× enterprise value to sales against a peer median of 2.6× (10th cheapest of 21).

Price implies For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +5 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 2.1 points above its cost of capital (14.4% WACC).

Fusion CX financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenuen/a₹18.2B₹13.3B₹9.91B₹11.0B
Revenue growth—+37%+34%-10%—
Gross profitn/a₹4.88B₹3.27B₹2.32B₹2.32B
EBITDAn/a₹3.01B₹1.82B₹818M₹736M
Net incomen/a₹1.69B₹754M₹363M₹398M
Free cash flown/a₹2.02B₹477M-₹19.8M-₹166M
Capital expendituren/a₹197M₹315M₹284M₹367M
Total debt₹3.63B₹4.02B₹4.17B₹3.17B₹1.97B

Quarterly statements and history in the cockpit →

Fusion CX competitor charts

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.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%+40%0×2×4×6×9979FRAN300668CPIARCILFRP301257603828301107BRNL301197002663YOU6937CGS6882691272600738301598FUSIONCX.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Fusion CX is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%0%20%FRANARCILFRP301107BRNL002663YOU6937CGSA1OS600738301598FUSIONCX.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Fusion CX is the large dot.

Fusion CX competitors and peer comparison

How Fusion CX compares with its peers

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.

Fusion CX against its 20 peers (data as of 6 Nov 2026)
MeasureFUSIONCX.NSPeer medianRank in peer set
Revenue growth (TTM)+36.8%+1.3%2nd highest of 21
Operating margin11.3%4.3%10th highest of 21
EV / Sales2.3×2.6×10th cheapest of 21
Growth the price implies (Req g, 7 yrs)22.9%9.8%2nd most demanding of 13
Growth delivered (Del g)+18.1%+8.0%3rd highest of 13
Hurdle (Req g minus delivered)+4.9 pp-2.0 pp5th most demanding of 13
ROIC minus cost of capital+2.1 pp-1.6 pp8th highest of 20
EV / EBITDA14.1×7.9×3rd most expensive of 9
Net debt / EBITDA1.0×0.9×5th most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Fusion CX FUSIONCX.NSIndia$415Mn/a+37%11%2.3×22.9%+18.1%
Greentown Management 9979.HKHong Kong$413M-28%+5%22%0.4×n/an/a
Franchise Brands FRAN.LUnited Kingdom$417M+5%+5%14%2.5×6.6%+23.6%
Shenzhen Jiang & Associates Creative Design 300668.SZChina$418M-58%-37%1%7.1×n/an/a
Capita CPI.LUnited Kingdom$419M-16%-16%5%0.4×n/an/a
Asset Reconstruction Company (India) ARCIL.NSIndia$421Mn/a+13%110%6.7×13.6%+0.3%
FRP Advisory FRP.LUnited Kingdom$405M+6%+16%20%1.6×-10.6%+17.5%
SMO ClinPlus 301257.SZChina$405M-35%0%3%2.6×n/an/a
Suzhou Kelida Building & Decoration 603828.SSChina$404M-3%-52%-26%3.8×n/an/a
Chongqing Yuxin Pingrui Electronic 301107.SZChina$401M-7%+6%3%3.0×26.5%+11.6%
Brunel International BRNL.ASNetherlands$399M-8%-6%2%0.3×1.6%+6.4%
Hebei Gongda Keya Technology 301197.SZChina$432M-19%-4%-6%6.7×n/an/a
Pubang Landscape Architecture 002663.SZChina$395M-31%-19%-21%1.1×15.5%-6.0%
YouGov YOU.LUnited Kingdom$437M+45%+2%4%1.2×16.7%+18.6%
Skytech 6937.TWTaiwan$394M-43%+1%13%4.9×21.0%+7.3%
Cogstate CGS.AXAustralia$394M+33%+7%20%6.0×10.9%+14.6%
All for One A1OS.DEGermany$438M+135%-2%-2%1.0×5.1%+7.2%
Kaili Catalyst & New Materials 688269.SSChina$443M-45%+47%2%1.4×n/an/a
Datang Environment Industry 1272.HKHong Kong$388M-18%-3%13%0.7×n/an/a
Lanzhou Lishang Guochao Industrial 600738.SSChina$445M-16%+2%36%4.7×-8.0%+1.1%
BBK Test Systems 301598.SZChina$446M-20%+15%22%3.1×8.7%+8.6%

Questions

Which companies are Fusion CX's closest peers?
The cockpit's peer set: Greentown Management (9979.HK), Franchise Brands (FRAN.L), Shenzhen Jiang & Associates Creative Design (300668.SZ), Capita (CPI.L), Asset Reconstruction Company (India) (ARCIL.NS), FRP Advisory (FRP.L), SMO ClinPlus (301257.SZ), Suzhou Kelida Building & Decoration (603828.SS).
Is Fusion CX expensive compared with its peers?
On ev / sales it trades at 2.3× against a peer median of 2.6×, 10th cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +5 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.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.