LATENTVIEW

Latent View share price & financials

Price
₹299.15
Market cap
₹6.1k Cr
Sector
Information Technology
Calls analysed
7
Latest concall · Q1 FY27 · call held 03 Aug 2026

Latent View Q1 FY27

Revenue ₹287 cr +22%Adjusted EBITDA ₹58.6 cr Adjusted EBITDA Margin 20.4%

What went well

  • Revenue of INR 287 crores, up 21.6% YoY, demonstrating robust annual growth.
  • Full-year revenue growth guidance of 12% retained, with potential for stronger growth if pipeline materializes.
  • Strong deal pipeline, including $26 million in consumer goods and $15 million+ in tech practice, indicating future growth opportunities.

What to watch

  • QoQ revenue shrinkage of 3.5% in USD terms, exceeding prior guidance of 1.5-2%.
  • Adjusted EBITDA margin of 20.4% impacted by wage revisions (-2.7%), revenue shrinkage (-1%), and seasonally high visa/marketing costs.
Read the full call →

What Latent View does

Latent View Analytics is a data analytics, AI and business-consulting firm that helps large enterprises convert data into decision-making insights, spanning customer, marketing, supply-chain, finance/risk and HR analytics. It serves Fortune 500 clients across Technology, Financial Services (BFSI), CPG & Retail and Industrials verticals through a global delivery network across North America, Europe, LATAM and APAC, with the bulk of its delivery workforce based offshore in India. It acquired a majority stake in Decision Point, a Revenue Growth Management analytics platform, to expand its CPG-focused pricing and promotions capabilities.

Segments

  • Technology
  • CPG & Retail
  • Financial Services (BFSI)
  • Industrials
Global workforce
~1,800 employees
Delivery footprint
Subsidiaries/offices across North America, Europe, LATAM and APAC — key hubs in Chennai, Bengaluru and Gurugram (India), Seattle, San Jose, Toronto, Mexico City and Santiago (Americas), Dublin, London and Munich (Europe), and Singapore and Dubai (APAC/Middle East)
Offshore delivery base
1,405 team members in India and 247 on-site client-facing experts
Active clients serviced
94 clients in FY26
Fortune 500 clients served
40+
Industry recognition
Named a 2025 Leader in Agentic AI Service Providers (PeMa Quadrant) and in Retail-CPG & Supply Chain Analytics
Founded 2006Employees 1,800 (Q4 FY26 (Mar 2026)) Company website

Guidance record · Q1 FY27

what the last two calls moved 23 tracked 4 delivered 7 missed 12 open
  • FY26 Revenue Growth delivered, diluted said Q3 FY25 Promised: 18% to 20% Q1 FY27: This promise for FY26 is now historical and no longer tracked.
  • 3-year Revenue Target delayed said Q3 FY25 Promised: $200 million to $220 million over the next 3 years Q1 FY27: The long-term target of achieving $200 million in revenue by FY28/29 will be pursued through a combination of organic growth... complemented by strategic inorganic opportunities.
  • FY27 EBITDA Margin Impact from Investments on track said Q3 FY26 Promised: 1% to 2% drop Q1 FY27: Full year EBITDA margin guidance reiterated at 21-22%, confirming the planned drop from FY26's 23% due to investments. Q1 actual margin was 20.4%.

All 23 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 21.6%, net profit down 7.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue209 228 232 236 258 +23%278 +22%289 +25%287 +22%
EBITDA45 50 55 50 56 +24%62 +24%68 +24%57 +14%
Net profit41 43 51 51 46 +12%51 +19%55 +8%47 −8%
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 −40.6% 1Y

₹300₹400₹500Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 27 Oct 2025Q3 FY26 — 2 Feb 2026Q4 FY26 — 18 May 2026Q1 FY27 — 3 Aug 2026

1Y: ₹425.05 on 10 Sept 2025 → ₹252.45. High ₹502.1 (9 Dec 2025), low ₹249.6 (23 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−5.8%
3 Aug
Q4 FY26
+0.5%
18 May
Q3 FY26
+9.4%
2 Feb
Q2 FY26
−0.8%
27 Oct

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

Revenue grew 25.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to 22.2%.

Year endingFY23FY24FY25FY26
Revenue₹538 Cr₹642 Cr₹848 Cr₹1.1k Cr
Operating profit₹145 Cr₹136 Cr₹188 Cr₹236 Cr
Operating margin27.0%21.2%22.2%22.2%
Interest₹4 Cr₹4 Cr₹7 Cr₹10 Cr
Depreciation₹8 Cr₹8 Cr₹29 Cr₹40 Cr
Net profit₹154 Cr₹159 Cr₹174 Cr₹203 Cr
Net margin28.6%24.8%20.5%19.1%
Cash from operations₹97 Cr₹115 Cr₹130 Cr₹165 Cr
Free cash flow₹94 Cr₹111 Cr₹115 Cr₹142 Cr
ROCE17.0%15.0%15.0%16.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹1 Cr₹20 Cr₹20 Cr₹21 Cr₹21 Cr₹21 Cr
Reserves₹437 Cr₹1.0k Cr₹1.2k Cr₹1.4k Cr₹1.6k Cr₹1.7k Cr
Borrowings₹52 Cr₹26 Cr₹21 Cr₹24 Cr₹25 Cr₹33 Cr
Other liabilities₹30 Cr₹48 Cr₹34 Cr₹57 Cr₹244 Cr₹295 Cr
Total liabilities₹519 Cr₹1.1k Cr₹1.3k Cr₹1.5k Cr₹1.9k Cr₹2.1k Cr
Fixed assets₹30 Cr₹29 Cr₹23 Cr₹28 Cr₹400 Cr₹397 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹139 Cr₹194 Cr₹501 Cr₹676 Cr₹912 Cr₹917 Cr
Other assets₹350 Cr₹878 Cr₹739 Cr₹753 Cr₹584 Cr₹769 Cr
Total assets₹519 Cr₹1.1k Cr₹1.3k Cr₹1.5k Cr₹1.9k Cr₹2.1k 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 Jun 2025, DIIs added +0.35 pp while the public trimmed −0.25 pp. The shareholder count shrank 8% to 2,16,050.

Promoters
65.1%
FIIs
2.1%
DIIs
3.6%
Public
29.2%

Since Jun 2025

  • DIIs +0.35 pp
  • Public −0.25 pp
  • Promoters −0.10 pp

How it drifted, 12 quarters

Over this window DIIs went from 1.6% to 3.6% — +2.0 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 65.7%, FIIs 2.6%, DIIs 1.6%, Public 30.1%.Dec '23: Promoters 65.4%, FIIs 2.5%, DIIs 2.5%, Public 29.6%.Mar '24: Promoters 65.4%, FIIs 2.4%, DIIs 4.5%, Public 27.7%.Jun '24: Promoters 65.4%, FIIs 2.4%, DIIs 4.4%, Public 27.8%.Sep '24: Promoters 65.4%, FIIs 2.7%, DIIs 3.6%, Public 28.3%.Dec '24: Promoters 65.2%, FIIs 2.9%, DIIs 3.7%, Public 28.2%.Mar '25: Promoters 65.2%, FIIs 3.0%, DIIs 3.3%, Public 28.5%.Jun '25: Promoters 65.2%, FIIs 2.1%, DIIs 3.3%, Public 29.4%.Sep '25: Promoters 65.2%, FIIs 2.2%, DIIs 3.4%, Public 29.2%.Dec '25: Promoters 65.1%, FIIs 3.7%, DIIs 4.2%, Public 27.0%.Mar '26: Promoters 65.1%, FIIs 3.1%, DIIs 4.1%, Public 27.6%.Jun '26: Promoters 65.1%, FIIs 2.1%, DIIs 3.6%, Public 29.2%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Latent View above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Adugudi Viswanathan Venkatraman 56.98%unchanged
Pramadwathi Jandhyala 8.12%unchanged
Gopinath Koteeswaran 4.58%unchanged
Ramesh Hariharan 1.73%unchanged
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Digital India Fund Mutual fund1.63%unchanged
Vimala A V 0.00%unchanged
Rahul Venkatraman 0.00%unchanged
Nikhil Venkatraman 0.00%unchanged
J Umadevi 0.00%unchanged
J Sridhar 0.00%unchanged
Sarada A V 0.00%unchanged
Latha Narayanan 0.00%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 LATENTVIEW

Filings to Aug 2026

0 new, 4 added, 1 trimmed, 0 sold out — net +0.02 L shares (+0.4%).

Held by funds
₹14 Cr
8 schemes
Biggest holder
Nippon India Aggressive Hybrid Fund
₹5 Cr · 0.1% of that fund
SchemeHoldingLast month
Nippon India Aggressive Hybrid Fund Nippon India Mutual Fund₹5 Crheld
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹3 Cr+0.01 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹2 Cr+0.01 L
HDFC Dividend Yield Fund HDFC Mutual Fund₹2 Crheld
HDFC Large and Mid Cap Fund HDFC Mutual Fund₹2 Crheld
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

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

4 added, 1 trimmed — net +2,079 shares (+0.4%)

Funds are sitting on
-34%
vs est. average cost
Held by funds
₹14 Cr
8 schemes · ≈ 0.24% of the company
Biggest holder
Nippon India Aggressive Hybrid Fund
₹5 Cr · 0.1% of that fund

Shares held by these funds +28%

Aug '23 4.84 L shares Jul '26

What the price assumes

Expensive

To justify its price of ₹252, this stock must grow earnings at 21% every year for 7 years. Our analysis caps realistic growth at ~8%. At that growth it is worth ₹122 — downside of 52%.

Growth the price implies
21.4% a year
for 7 years, fading to 4%
It has actually compounded at
9.6% a year
net profit, FY23–FY26 · EPS 7.6%
The gap
0.1 pp
-52% downside if it only repeats history
Price today ₹252.45 Value at the reference growth ₹122.21

Change the assumptions yourself →

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Latent View

Guides on how to read this kind of business and the numbers that matter.