Fractal Analytics: An AI Services Business Wearing an AI Platform Multiple

By -
Image
SumanSpeaks Independent Capital Markets & Geopolitical Intelligence Equity Research | Valuation Alert Fractal Analytics: An AI Services Business Wearing an AI Platform Multiple At ₹708 (Face Value: ₹1), the market pays about ₹12,176 crore for a company whose platform arm is 2.7% of revenue, whose dollar growth has slowed from 22% to 14%, and whose free cash flow fell 39% in FY26. SumanSpeaks puts fair value at ₹460, some 35% below the current price. Let me put one question in front of you. What would you pay for a company that earns 97% of its revenue from AI services, but trades on the vocabulary of an AI platform? Fractal Analytics Ltd (₹708) has slipped below the ₹732 52-week low quoted in PL Capital's note of 31 August 2026, so it is now trading at fresh lows. Yet its market capitalisation is still about 3.7 times FY26 revenue of ₹3,299.7 crore. That works out to roughly 40 times FY26 adjusted profit on the current share count and about 34 times FY27E E...
Post a Comment
By -
Market Mantra
INTRA-DAY: One can buy ONGC Ltd at Rs.290, T--303-305,  SL--Rs.284. The news is that an empowered group of ministers may meet Monday to work out the price and timing of partial stake sale in the company via auction route. This news should take the scrip above Rs.310 in the next few trading sessions. 
Buy McNally Bharat Ltd around the support price of Rs.106-107, T--Rs.120, SL--Rs.105. The company came out with superb set of numbers for the Q3FY12, on standalone basis.  

Comments

Post a Comment

Popular posts from this blog

By -
Image
Critical Red Flags at Rajesh Exports Ltd – Shift to Z Group Signals Deep Governance Issues. ~Sumon Mukhopadhyay. ------------------------------------ Company: Rajesh Exports Ltd (Rs.180.35). Date: January 5, 2026. Subject: Non-Compliance Leading to Z Group Classification and Investor Risks. =============== Executive Summary: A Major Regulatory Warning: As of early January 2026, Rajesh Exports has been reclassified into the Z Group (BZ Series) on both BSE and NSE. This punitive category is reserved for companies with serious compliance failures. The primary trigger: Persistent delay in submitting the Reconciliation of Share Capital Audit Report (required under Regulation 76 of SEBI's Depositories and Participants Regulations) for multiple consecutive quarters, including those ended June and September 2025. This isn't just administrative oversight—it's a serious red flag indicating potential mismatches between issued shares, demat holdings, and company record...
Read more
By -
Image
Hikaru Nakamura and Atousa Pourkashiyan: A Checkmate in Love – A Grand Union Forged on the 64 - Squares.... Introduction: Hikaru Nakamura, a name synonymous with modern chess, is a prodigy-turned-legend whose brilliance has redefined the contours of the game.  A five-time U.S. Champion, his fearless strategies and dynamic online presence have made him an unparalleled force in the chess world. In 2023, however, the grandmaster made headlines for a personal milestone: his marriage to the courageous and equally accomplished chess player, Atousa Pourkashiyan. Atousa, a Women's Grandmaster (WGM), is a celebrated chess player and a symbol of resilience. Her bold decision to compete without a hijab during the 2022 World Rapid and Blitz Championship became a landmark moment in the global spotlight. This act was a direct expression of solidarity with the Mahsa Amini protests in Iran, where women have continued to fight against oppressive mandates, demanding the freedom to choose their attir...
Read more
By -
Image
SYRMA SGS Technology Ltd (Rs.611); P owering Growth Through Data Centers and Medical Devices with Its New Pune Facility. Introduction : Syrma SGS Technology Ltd (Rs.611) is making strategic moves in high-growth sectors such as data centers and medical devices, positioning itself as a leader in the electronics manufacturing industry.  The company's newly inaugurated Pune facility is set to become a key driver of revenue growth and market expansion. This development not only supports Syrma’s commitment to the data center and healthcare industries but also enhances shareholder value through innovation and scalability. Photo : Business Line. ---------------------------------- Key Facility Details: Revolutionizing Operations Facility Scale: Spanning 26.5 acres, the new campus is designed to support 1.20 million square feet of manufacturing space, with 60,000 square feet operational in Phase 1. Investment : ₹150 crore in Phase 1, with further investment planned to scale operations. Job C...
Read more