Tracxn Technologies Limited (TRACXN.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-99.2%

₹0.26

vs ₹31.80 price

Levered DCF

₹9.35

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-35.6×	-62.08×	150.98×	19.73×	-194.27×	-175.94×	-17.3×	75.2×
P/B	5.35×	8.97×	13.85×	10.94×	45.32×	42.09×	-6.92×	-11.28×
P/S	3.35×	6.98×	11.86×	8.36×	14.74×	21.37×	25.05×	28.19×
EV / EBITDA	-42.6×	703.39×	110.34×	252.9×	-582.18×	-192×	-50.04×	79.26×
Gross margin	5.1%	12.5%	11.7%	9.5%	16.8%	-10.6%	-45.9%	-47.2%
Operating margin	-8.0%	0.9%	5.3%	3.0%	-2.8%	-39.2%	-60.5%	-63.1%
Net margin	-9.4%	-11.3%	7.9%	42.4%	-7.6%	-12.2%	-144.7%	37.4%
Current ratio	2.4×	2.48×	2.24×	2.05×	1.65×	1.95×	3.25×	3.41×
Debt / equity	0×	0×	0×	0×	0×	0×	-1.25×	-1.37×
Interest coverage	0×	0×	0×	7.9×	-5.56×	-73.72×	-109.46×	-135.89×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-15.0%	-14.5%	9.2%	55.4%	-23.5%	-24.1%	40.0%	-15.0%
Return on invested capital	-11.3%	-1.5%	4.4%	3.8%	-7.2%	-68.4%	-60.9%	-65.1%
Return on assets	-8.0%	-8.6%	5.7%	34.0%	-9.0%	-11.0%	-103.2%	28.1%
Free cash flow yield	-1.3%	2.4%	1.1%	2.3%	0.0%	-0.6%	-1.6%	-1.8%
Earnings yield	-2.8%	-1.6%	0.7%	5.1%	-0.5%	-0.6%	-5.8%	1.3%
Enterprise value	₹2.8B	₹5.9B	₹9.8B	₹6.5B	₹9.3B	₹9.3B	₹11B	₹10.5B
Net debt / EBITDA	0.29×	-4.37×	-0.54×	-1.02×	1.99×	0.37×	-7.58×	8.43×
Cash conversion cycle (days)	8	4	36	39	37	37	40	53