FRACTAL
Fractal Analytics share price & financials
- Price
- ₹867
- Market cap
- ₹13.9k Cr
- Sector
- Information Technology
- Calls analysed
- 3
Fractal Analytics Limited Q1 FY27
What went well
- Revenue of INR 912.5 crore, up 20% YoY, demonstrating strong top-line growth.
- Adjusted EBITDA margin expanded by 189 bps YoY to 17%, indicating improved operational efficiency.
- Net Income surged 92% YoY to INR 72 crore, reflecting significant bottom-line improvement.
What to watch
- Technology, Media, and Telecom (TMT) vertical declined by 22% YoY, dragging down overall headline growth.
- Constant currency revenue growth was 9% YoY, significantly lower than the reported 20% growth, indicating currency tailwinds.
What Fractal Analytics Limited does
Fractal Analytics is a globally recognized pure-play enterprise AI company that helps large ('Must Win') enterprises transform their business with AI, organizing its client work around three pillars — AI-led Transformation, AI Foundations, and AI Work & Workforce — all powered by its Cogentiq agentic AI platform. It serves clients across BFSI, CPG & Retail, Healthcare & Life Sciences, and Technology/Media/Telecom verticals, billing from client locations concentrated in the Americas, Europe and APAC. Beyond its core services business (Fractal.ai), it builds and scales IP-led AI products and ventures under Fractal Alpha, including Analytics Vidhya, Asper and Qure.ai, and grows inorganically through founder-friendly M&A.
Segments
- Fractal.ai
- Fractal Alpha
- Employees
- 5,868
- Clients with $1m+ annual revenue
- 59 (of which 19 contribute $5m+, 9 contribute $10m+, and 6 contribute $20m+ annually)
- Patents granted & applications
- 68
- Operating segments
- 2 (Fractal.ai; Fractal Alpha)
- Target client geographies
- US, UK, Europe, Australia, Middle East
- Industry verticals served
- BFSI, CPG & Retail, Healthcare & Life Sciences, Technology/Media/Telecom
Guidance record · Q1 FY27
what the last two calls moved 9 tracked 0 delivered 1 missed 8 open- Revenue Visibility went quiet said Q3 FY26 Promised: 66.6% (two-thirds) visibility entering the year Q1 FY27: The promise pertained to visibility entering FY27. Management did not provide this metric at the start of the year (Q4 FY26 call) and did not retrospectively address it in Q1 FY27. The window to report this has passed.
- Revenue Growth at risk said Q3 FY26 Promised: 30% year-over-year (historical aspiration) Q1 FY27: YoY revenue growth improved to 20% from 17% in the prior quarter. However, constant currency growth was only 9% and the TMT vertical's decline worsened to -22% YoY, keeping the 30% long-term goal distant.
- EBITDA and PAT Margins on track said Q3 FY26 Promised: Expanding over the next 1-2 years Q1 FY27: Adjusted EBITDA margin expanded 189 bps YoY to 17.0%, and Net Income margin expanded 296 bps YoY to 7.9%. This continues the trend of YoY margin expansion, keeping the promise on track despite a sequential dip from a strong Q4.
All 9 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 19.9%, net profit up 82.9% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|
| Revenue | 360 | 400 | 422 | 443 | 489 +36% | 513 +28% | 506 +20% |
| EBITDA | 41 | 74 | 56 | 59 | 87 +112% | 99 +34% | 92 +64% |
| Net profit | 33 | 44 | 41 | 23 | 49 +48% | 73 +66% | 75 +83% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −9.8% YTD
YTD: ₹847.15 on 16 Feb 2026 → ₹764.45. High ₹1,101.55 (7 May 2026), low ₹751.5 (2 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −8.7%
- 24 Jul
- Q4 FY26
- −4.1%
- 12 May
- Q3 FY26
- +5.2%
- 6 Mar
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
| Year ending | FY26 |
|---|---|
| Revenue | ₹1.9k Cr |
| Operating profit | ₹301 Cr |
| Operating margin | 16.1% |
| Interest | ₹19 Cr |
| Depreciation | ₹68 Cr |
| Net profit | ₹186 Cr |
| Net margin | 10.0% |
| Cash from operations | ₹581 Cr |
| Free cash flow | ₹467 Cr |
| ROCE | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹2 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹14 Cr | ₹17 Cr |
| Reserves | ₹600 Cr | ₹1.4k Cr | ₹1.5k Cr | ₹1.7k Cr | ₹2.0k Cr | ₹3.3k Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹90 Cr | ₹423 Cr | ₹112 Cr |
| Other liabilities | ₹133 Cr | ₹172 Cr | ₹223 Cr | ₹184 Cr | ₹570 Cr | ₹381 Cr |
| Total liabilities | ₹735 Cr | ₹1.6k Cr | ₹1.7k Cr | ₹2.0k Cr | ₹3.0k Cr | ₹3.8k Cr |
| Fixed assets | ₹85 Cr | ₹77 Cr | ₹118 Cr | ₹181 Cr | ₹769 Cr | ₹296 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹332 Cr | ₹967 Cr | ₹788 Cr | ₹950 Cr | ₹1.1k Cr | ₹1.6k Cr |
| Other assets | ₹319 Cr | ₹510 Cr | ₹772 Cr | ₹827 Cr | ₹1.1k Cr | ₹1.9k Cr |
| Total assets | ₹735 Cr | ₹1.6k Cr | ₹1.7k Cr | ₹2.0k Cr | ₹3.0k Cr | ₹3.8k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Mar 2026, DIIs trimmed −0.99 pp while the public added +0.61 pp. The shareholder count shrank 14% to 87,200.
- Promoters
- 17.0%
- FIIs
- 40.9%
- DIIs
- 12.3%
- Public
- 29.9%
Since Mar 2026
- DIIs −0.99 pp
- Public +0.61 pp
- FIIs +0.39 pp
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Sundaram Mutual Fund- Sundaram Aggressive Hybrid Fund Mutual fund +0.18 pp 1.76% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Fractal Analytics Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Tpg Fett Holdings Pte. Ltd. VC / PE | 22.27% | unchanged |
| Quinag Bidco Ltd FPI fund | 12.72% | unchanged |
| GLM Family Trust (Mr. Gulu Lalchand Mirchandani and Ms. Gita Mirchandani are the trustees of GLM Family Trust) | 12.49% | unchanged |
| Pranay Agrawal | 4.72% | unchanged |
| Srikanth Velamakanni | 4.30% | unchanged |
| Chetana Kumar | 3.71% | unchanged |
| Narendra Kumar Agrawal | 3.47% | unchanged |
| SBI Small Cap Fund Mutual fund | 2.68% | −0.35 pp |
| Sundaram Mutual Fund- Sundaram Aggressive Hybrid Fund Mutual fund | 1.76% | +0.18 pp |
| Relativity Resilience Fund I VC / PE | 1.01% | unchanged |
| Rupa Krishnan Agrawal | 0.48% | unchanged |
| AGI Trust ( Chetana Kumar is the Trustee of AGI Trust) | 0.15% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in FRACTAL
Filings to Aug 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹393 Cr
- 1 schemes
- Biggest holder
- SBI Smallcap Fund
- ₹393 Cr · 0.9% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Smallcap Fund SBI Mutual Fund | ₹393 Cr | held | Feb '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +11%
- vs est. average cost
- Held by funds
- ₹393 Cr
- 1 schemes · ≈ 2.9% of the company
Shares held by these funds −1%
Feb '26 46.09 L shares Jul '26
What the price assumes
- Growth the price implies
- 35.6% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (3)
Read the Q1 FY27 call →Learn to analyse Fractal Analytics Limited
Guides on how to read this kind of business and the numbers that matter.