Tracxn Technologies Ltd - Stock Valuation and Financial Performance

BSE: 543638 | NSE: TRACXN | IT - Software | Small Cap

Tracxn Technologies Share Price

85.90 0.29 0.34%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Tracxn Technologies

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Tracxn Technologies stock performance -

mw4me loader
P/E Ratio (SA):
30.09
Market Cap:
889.9 Cr.
52-wk low:
60.6
52-wk high:
124.2

Is Tracxn Technologies Ltd an attractive stock to invest in?

1. Is Tracxn Technologies Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tracxn Technologies Ltd is a average quality company.

2. Is Tracxn Technologies Ltd undervalued or overvalued?

The key valuation ratios of Tracxn Technologies Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Tracxn Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tracxn Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Tracxn Technologies:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tracxn Technologies Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13.3%29.4%22.7%-8.6%72.8%-
Value Creation
Index
NANANANA4.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 33.237.343.863.578.183
Sales YoY Gr.-12.5%17.3%44.9%23.1%-
Adj EPS -1.9-5.5-2.2-0.22.92.9
YoY Gr.-NANANANA-
BVPS (₹) -17-26.3-0.1-0.42.96.5
Adj Net
Profit
-11.1-32.3-13-2.12930
Cash Flow from Ops. -15.8-15.4-6.10.615.2-
Debt/CF from Ops. 00000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA27.9%23.1%
Adj EPS NANANANA
BVPSNANANANA
Share Price - - - 30%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.429.623-9.672.361.1
Op. Profit
Mgn %
-61.6-59.6-38.6-2.53.15.6
Net Profit
Mgn %
-33.5-86.4-29.7-3.337.235.8
Debt to
Equity
00000-
Working Cap
Days
078157183159156
Cash Conv.
Cycle
03936313584

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 61.00%

Sales growth is growing at healthy rate in last 3 years 27.90%

Sales growth is good in last 4 quarters at 10.78%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Tracxn Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 2.9 -
TTM Sales (₹ Cr.) 82.8 -
BVPS (₹.) 6.5 -
Reserves (₹ Cr.) 57 -
P/BV 13.30 -
PE 30.09 -
From the Market
52 Week Low / High (₹) 60.60 / 124.15
All Time Low / High (₹) 60.00 / 124.15
Market Cap (₹ Cr.) 890
Equity (₹ Cr.) 10.4
Face Value (₹) 1
Industry PE 33.7

Management X-Ray of Tracxn Technologies:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Tracxn Technologies

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales3337446378
Operating Expenses 5491616576
Manufacturing Costs11000
Material Costs00000
Employee Cost 4651545967
Other Costs 739768
Operating Profit -20-53-17-22
Operating Profit Margin (%) -61.6%-143.0%-39.0%-2.6%3.1%
Other Income 3401224
Interest 00000
Depreciation 11000
Exceptional Items 000-44
Profit Before Tax 12-54-5-510
Tax 0000-23
Profit After Tax 12-54-5-533
PAT Margin (%) 37.4%-144.0%-12.2%-7.6%42.4%
Adjusted EPS (₹)2.1-9.2-0.9-0.53.3
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund -99-1540-429
Share Capital 0011010
Reserves -100-1550-1419
Minority Interest00000
Debt00000
Long Term Debt00000
Short Term Debt00000
Trade Payables00111
Others Liabilities 143206475844
Total Liabilities 4452485474

Fixed Assets

Gross Block44333
Accumulated Depreciation23332
Net Fixed Assets11000
CWIP 00000
Investments 3341171637
Inventories00000
Trade Receivables446710
Cash Equivalents 22233
Others Assets44242724
Total Assets 4452485474

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -16-15-6115
PBT 12-54-5-510
Adjustment -3134-923
Changes in Working Capital 34950
Tax Paid 000-22
Cash Flow From Investing Activity 16-651-16
Capex -10000
Net Investments 17-650-17
Others 00011
Cash Flow From Financing Activity 021000
Net Proceeds from Shares 00000
Net Proceeds from Borrowing 00000
Interest Paid 00000
Dividend Paid 00000
Others 021000
Net Cash Flow 1001-1
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/A0N/A266.94
ROCE (%)N/AN/A0N/A25.52
Asset Turnover Ratio0.750.770.871.241.22
PAT to CFO Conversion(x)-1.33N/AN/AN/A0.45
Working Capital Days
Receivable Days4742423740
Inventory Days00000
Payable Days00000

Tracxn Technologies Ltd Stock News

Tracxn Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tracxn Technologies on 28-Mar-2024 16:01 is ₹85.90.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Tracxn Technologies stood at ₹889.9.
The latest P/E ratio of Tracxn Technologies as of 28-Mar-2024 16:01 is 30.09.
The latest P/B ratio of Tracxn Technologies as of 28-Mar-2024 16:01 is 13.30.
The 52-week high of Tracxn Technologies is ₹124.2 and the 52-week low is ₹60.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tracxn Technologies is ₹82.79 ( Cr.) .

About Tracxn Technologies Ltd

The company was incorporated in Bengaluru as ‘Tracxn Technologies Private Limited’ pursuant to a certificate of incorporation dated August 11, 2012 issued by the Registrar of Companies, Karnataka at Bengaluru (the “RoC”). Thereafter, pursuant to the conversion of the Company to a public limited company, the name of the Company was changed to ‘Tracxn Technologies Limited’, and a fresh certificate of incorporation dated July 28, 2021 was issued to the Company by the RoC.

Tracxn Technologies is among the leading global market intelligence providers for private company data and rank among the top five players globally in terms of number of companies profiled offering data of private market companies across sectors and geographies. It has one of the largest coverage of private companies in emerging technology sectors including IoT, artificial intelligence, virtual reality, robotics, blockchain and electric vehicles. It has an asset light business model and operate a Software as a Service (SaaS)-based platform, Tracxn, that scanned over 662 million web domains, and profiled over 1.84 million entities across 2,003 Feeds categorized across industries, sectors, subsectors, geographies, affiliations and networks globally, as of June 30, 2022. Its platform has 3,271 Users across 1,139 Customer Accounts in over 58 countries, as of June 30, 2022. The company’s Customers include a number of Fortune 500 companies and/or their affiliates.

The company offers customers private company data for deal sourcing, identifying M&A targets, deal diligence, analysis and tracking emerging themes across industries and markets, among other uses, through its subscription-based platform, Tracxn. It launched its platform in Fiscal 2015 with a particular focus on the global emerging technology sector, providing users with detailed profiles of companies including detailed information of funding rounds and acquisition related information, taxonomy and market maps, global competitor benchmarking, financial information, valuation and capitalization tables, employee count, investor profiles, competitor mapping, information about founders, key team and board member, company and sector specific reports and news events. It has since then expanded its coverage to include 18 data modules and over 1.84 million entities, as of June 30, 2022. Its extensive global database of entities coupled with customized solutions and features allows customers to source and track companies across sectors and geographies to address their requirements. It is among the few private market data service providers in the world to have a proprietary taxonomy for technology sector companies and prepare market maps.

Business area of the company

The company offers customers private company data for deal sourcing, identifying M&A targets, deal diligence, analysis, and tracking emerging themes across industries and markets, among other uses, through its subscription-based platform. The company follows an asset-light business model and operates a software-as-a-service (SaaS) based platform.

Awards, accreditations or recognitions:

  • 2016: Recognised as being rank 1 amidst five-year old start-ups, in a feature on the ‘Coolest Start-ups’ by the Business Today magazine.
  • 2021: Silver Globe Award in Company Response of the Year at the 2021 Golden Bridge Business and Innovation Awards.
  • 2021: Gold Globee Award in Company Work-From-Home Implementation of the Year Creative Ways Companies Are Implementing Work from Home Strategy During COVID-19 at the 2021 IT World Awards.

Major events and milestones:

  • 2013: Issue of an aggregate of 107,244 Equity Shares to our Angel Investors, including Sachin Bansal, Binny Bansal and Sahil Barua, among others.
  • 2015 First institutional fund-raising activity by the Company, comprising an issue of 100 Equity Shares and 317,262 Series A CCPS to Elevation Capital.
  • 2016: Issue of an aggregate of 74,825 Series A2 CCPS to Ratan N. Tata and Rathnagirish Mathrubootham, among others.
  • 2016: Launched a funding database, ‘Soonicorn Club’, investors database and news features and the application programming interface on the company’s platform.
  • 2016: Issue of an aggregate of 156,423 Series A4 CCPS to Elevation Capital, Accel India IV (Mauritius) Limited, SCI Investments V and Seabright II Limited, among others
  • 2017: Issue of an aggregate of 20,707 Series B1 CCPS to Elevation Capital, Accel India IV (Mauritius) Limited, WGG International Limited and Seabright II Limited.
  • 2017: Launched ‘Tracxn Score’, reports and live chat features on the company’s platform.
  • 2018: Launched personalised dashboards on the company’s platform.
  • 2019: Issue of 70,872 Series B2 CCPS to KB Global Platform Fund.
  • 2019: Launched a portfolio tracker and an acquisitions database on the company’s platform.
  • 2020: Launched advanced search within the company’s platform.
  • 2020: Launched a collection of sector-based newsletters on the company’s platform.
  • 2021: Crossed customers in over 50 countries.
  • 2022: Crossed customers in over 58 countries.
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