AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Sep - Latent View announces 16 Sep 2026 one-on-one virtual meeting with Equirus Securities.
Source: Bse
Latent View Analytics Limited (LATENTVIEW)
Large CapIT stocks · Large cap · NSE
Latent View Analytics is a data and AI capabilities provider, serving Fortune 500 companies with analytics solutions. It has grown significantly since its listing, crossing ₹1,000 Cr revenue in FY26, and operates with an 1,800+ global workforce across North America, LATAM, APAC, UK, and EU, utilizing onshore, nearshore, and offshore delivery models.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals14 Oct 2026 · screener
Latest result01 Aug, 09:17 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
62BullishSMA20 -9.9% / mo · MACD + · near 52W low · sector +14.5pp vs Nifty 500 (3M)
Stock trend: 37
Sector RS: 100
Sector 3M: +8.9% vs Nifty 500 -5.6%
IT FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
LATENTVIEWD candles · FIT view-17.1%Latest close ₹239.73 on 2026-10-19
Bar
-1.8%
RSI
43
MACD hist
2.20
52W pos
4%
2026-10-19O ₹244.05H ₹245.00L ₹236.50C ₹239.73Vol 2.6L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
LATENTVIEWNifty ITNifty 500
- LATENTVIEW
- -22.8%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- -17.3 pp
Chart stats
19 Oct 2026- From 52W high
- -53.7%
- 52W range position
- 4%
- ATR (14)
- 3.6%
- Volume vs 20D
- 0.49x
- Avg traded value
- ₹12.4 Cr
- 20D price channel
- ₹228.4 - ₹257
₹517.5
₹228.4 - ₹517.5
₹8.7
Latest completed session
20-session average
24.2% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST45
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +21.6% · PAT -7.8% YoY
Technical
Bullish62
Price trend and sector-relative-strength timing.
Valuation
Legacy model+21.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence81
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -8% YoY · margin compression · Rev +22% YoY
Filed 01 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹287 Cr | +21.6% | -0.7% |
| EBITDA | ₹57 Cr | +14.0% | -16.2% |
| Operating margin | 20.0% | -100 bps | -300 bps |
| PAT | ₹47 Cr | -7.8% | -14.6% |
| PAT margin | 16.4% | -523 bps | -265 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 25.80
- P/B
- 2.87
- EV/EBITDA
- 17.71
- Market Cap
- 5031.00Cr
Profitability
- ROE
- 11.90%
- ROCE
- 15.80%
- ROA
- 11.12%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 28.00%
- EPS 5Y
- 17.00%
- Revenue 3Y
- 25.00%
- EPS 3Y
- 8.00%
Balance Sheet
- Debt/Equity
- 0.02
- Interest Coverage
- 27.00×
- Altman Z
- 8.78
- Book Value
- 84.80
Cash Flow
- FCF Yield
- 1.91%
- FCF Positive Y
- 5/5
- OCF
- 165.00 Cr
- EPS TTM
- 9.45
Shareholding
- Promoter Hold
- 65.10%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 5%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 1,060+25.0% vs prev
Net Profit
₹ CrLatest: 202+16.8% vs prev
Return on Equity
%Latest: 11.5-0.3% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 43. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~10.9% over last month) — short-term momentum negative.
- RSI(14) at 43 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
5
RS percentile
Stage 4 Downtrend
1M return
-6.1%
3M return
-22.8%
6M return
-19.9%
1Y return
-42.3%
RS 1D
+2
RS 20D
-1
Sector rank
#2
Industry rank
-
Stage evidence
- Price is 16.0% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -3.3%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 60.87-0.39%
RS vs Nifty 50061
Valuation & peers
U-Score 45 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 45 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · WATCHLISTValuation4/30
Growth14/25
Quality5/20
Balance Sheet11/15
Cash Flow5/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
45
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
45/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 21.0%.
- Balance sheet contributes 11/15 to the score.
Main drags
- Valuation is weaker at 4/30; verify the latest quarterly trend.
- Quality is weaker at 5/20; verify the latest quarterly trend.
- Cash flow is weaker at 5/10; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
25.8
PB
2.9
EV/EBITDA
17.7
ROE
11.9%
ROCE
15.8%
FCF Yield
1.9%
Debt/Equity
0.0
MoS
+21.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
45
Previous: 45
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+21.0%
Previous: +21.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
45
45
45
45
45
45
45
45
45
45
45
45
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹134.28
-78.5% MoS
Growth-justified P/E
32.1
Growth-justified Value
₹303.34
+21.0% MoS
PEG
1.93
Comparable companies
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
PHANTOMFX
SME
Phantom Digital Effects Ltd.
Media & Entertainment
match 120
39
4.7
13.0%
-133%
WATCHLIST
BAGDIGITAL
SME
B.A.G. Convergence Ltd.
Media & Entertainment
match 119
58
20.7
21.7%
+36%
FAIR VALUE
HTMEDIA
Small
HT Media Limited
Media & Entertainment
match 110
56
4.2
0.9%
+81%
FAIR VALUE
BCG
Small
Brightcom Group Limited
Media & Entertainment
match 108
69
1.8
10.0%
+92%
UNDERVALUED
DNAMEDIA
Small
Diligent Media Corporation Limited
Media & Entertainment
match 107
14
—
—
—
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-03T18:02:55.064Z
Management commentary snapshot
Latent View Analytics reported strong FY26 performance with INR revenue up 25.0% YoY to ₹10,602 Mn and PAT up 16.5% YoY to ₹2,021 Mn. Q4FY26 saw sequential improvement in Adjusted EBITDA margin to 24.1% despite a slight YoY decline.
The company delivered robust annual growth in revenue and profit for FY26, crossing a significant revenue milestone. Q4FY26 showed sequential margin recovery, supported by dollar appreciation, offsetting increased SG&A. Client concentration remains high, but strong long-term client relationships and strategic focus on AI, data engineering, and deepening client ties position it for continued growth.
Current business mix
Revenue Mix by Client Tier (FY26)
Latest issuer-disclosed distribution across 4 reported categories.
Over ₹500Mn59.0%
₹100 to ₹500Mn24.0%
₹50 to ₹100Mn7.0%
Under ₹50Mn10.0%
Growth engines
Strategic Databricks Partnership
Fostering data engineering innovation and best practices, empowering clients with cutting-edge cloud data solutions.
Deepening Client Relationships
Identification of diamond accounts and efforts to deepen relationships to enable accelerated growth.
AI Strategy
Core team driving the embedding of AI into business processes, with investment in talent upskilling for advanced analytics and AI.
Financial Services Vertical Growth
Our Financial Services vertical grew in revenue by 84% YoY in FY26.
Tailwinds
USD Appreciation
Positive impact on margin due to $ appreciation in Q4FY26.
Headwinds
Q3 One-time Cost Hit
Cost hit due to one-time labor code impact and headcount rationalization related severance pay accounted in Q3.
Increased SG&A Spend
Incremental travel and other SG&A spend impacting margins.
Risk radar
Client Concentration
Top 5 clients account for 56% of revenue, Top 10 for 69%, and Top 20 for 84% in FY26.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
Annual (YoY) comparison is crucial for assessing overall business growth and profitability trends over a full fiscal year. Quarterly (QoQ) comparison is important for tracking sequential momentum, margin movements, and the immediate impact of operational factors like cost management and currency fluctuations.
Sector KPIs management disclosed
FY26 Revenue (INR)
₹10,602 Million (YoY Growth 25.0%)
FY26 Revenue (USD)
$119.8 Million (YoY Growth 19.4%)
FY26 Adjusted EBITDA Margin
23.0% (YoY decline of 0.7%)
FY26 Gross Margin
50.8%
Management forward view
Focus on Data Engineering
Enhance Data Engineering through Databricks Partnership to foster innovation and best practices.
Client Relationship Strategy
Deepening client relationships by identifying diamond accounts based on potential value tiers.
AI Integration and Upskilling
Core team driving embedding AI into business processes, with investment in talent upskilling for advanced analytics and AI.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| USD Revenue Growth | 19.4% YoY (FY26) | Sustained growth momentum, especially from existing clients and new logos. |
| Adjusted EBITDA Margin | 23.0% (FY26), 24.1% (Q4FY26) | Stability and improvement, managing SG&A costs and leveraging currency benefits. |
| Client Concentration (Top 5) | 56% (FY26) | Diversification of client base or increased revenue per client to mitigate concentration risk. |
| Financial Services Vertical Growth | 84% YoY (FY26) | Continued strong performance and contribution from this high-growth vertical. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
81Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 93rd percentile of the scored universe and 88th percentile within IT. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
101 docs text-extracted · 42 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
93rd percentile
overall median 67 · IT: 88th pctile, median 69 · Large: 82nd pctile, median 73
Evidence depth
Financial-only
101 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 65.1%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.9%.
- ▸5 years of positive FCF.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Latent View Analytics Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 8 Sep - Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended, the Board of the Company vide Circular ....
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Change in Directorate 2d - Shareholders approved five-year reappointments of two independent and two whole-time directors effective July 23 and August 5, 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Cessation 1d - Mr. Mukesh Butani completes five-year term as Independent Director, ceasing July 22, 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 15 Jul - LatentView appoints Sonal Ramrakhiani as CEO effective July 15, 2026; Rajan Sethuraman becomes strategic advisor.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 15 Jul - Rajan Sethuraman resigns as CEO effective July 15, 2026; Sonal Ramrakhiani appointed new CEO.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 15 Jul - Rajan Sethuraman resigns as CEO; Sonal Ramrakhiani appointed CEO effective July 15, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Jul - Pursuant to Regulation 47 and Part A of Schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Updates on Acquisition 1 Jul - Delay in acquiring remaining 20% of Decision Point Private Limited amid consideration dispute.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 4 Aug - Shareholders approved Sudha Sankaran as independent director for five years from June 17, 2026.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.