Latent View Analytics is an AI-driven analytics and data engineering firm that earns revenue primarily from professional services. In FY26, it crossed ₹1,060 crore in revenue at roughly 2.2x its IPO-year level, with AI now embedded in ~49% of FY26 revenues (28% primary AI directly visible to clients, plus 21% under-the-hood). It serves 50+ Fortune 500 clients across technology, financial services (BFSI), consumer/CPG and other verticals, exporting 89.76% of revenue from 5 Indian and 14 international offices. The BFSI vertical grew 80%+ YoY in FY26 to ~$18M annual revenue, and the Databricks ecosystem business grew 46% to $17.5M. The geographic mix is diversifying — the US share fell from 94% to 85% over ~8 quarters as the Rest of World share grew from 6% to 15%. The company is people-intensive: employee compensation is 66.6% of revenue, with other operating expenses at 11.1% and depreciation at 3.9%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Technology vertical (55%), BFSI / Financial Services (16%), Consumer / CPG, Rest of World (geographic) (15%). People-intensive, asset-light AI and analytics services firm
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 408 | 539 | 641 | 848 | 1,060 |
| EBITDA (ex other income) | 144 | 145 | 136 | 196 | 236 |
| margin % | 35.4 | 26.9 | 21.2 | 23.1 | 22.3 |
| Owners' profit | 130 | 155 | 159 | 174 | 198 |
| EPS, as reported (₹) | 7.09 | 7.71 | 7.73 | 8.45 | 9.59 |
| ROE % · ROCE % | 12.6 · 15.0 | 12.9 · 15.6 | 11.5 · 14.3 | 11.3 · 14.2 | 11.3 · 14.7 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 87 | 97 | 115 | 130 | 165 |
| Capex | (7) | (3) | (5) | (16) | (22) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 209 | 228 | 232 | 236 | 258 | 278 | 289 | 287 |
| Profit before tax | 58 | 56 | 62 | 62 | 62 | 67 | 71 | 65 |
| Net profit | 41 | 43 | 51 | 51 | 46 | 51 | 55 | 47 |
| EPS (₹) | 1.94 | 2.03 | 2.59 | 2.46 | 2.15 | 2.43 | 2.55 | 2.33 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 7,96,690 | 16.0 | 7.34 | 10.9 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,20,891 | 14.0 | 4.51 | 8.8 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,27,456 | 18.7 | 4.35 | 11.7 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,65,785 | 13.3 | 1.88 | 7.9 | 15.0 | 17.1 | 8.4 | 22.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Allotment of 1,58,250 equity shares under ESOP 2016 | capital market events | low | — | — |
| 3 Sept 2026 · Latent View Analytics gets ESG rating of 76 for FY2026 | business updates | medium | — | — |
| 18 Aug 2026 · Latent View Analytics assigned unsolicited ESG rating of 77 | general | medium | — | — |
| 10 Aug 2026 · Latent View Q1 FY27: new CEO, USD 30.3M revenue, retains 12% growth guidance | investor communications | medium | — | — |
| 4 Aug 2026 · Latent View Analytics appoints Sudha Sankaran as Independent Director | management changes | medium | — | — |
| 4 Aug 2026 · Latent View Analytics 20th AGM: All 3 resolutions approved | board shareholder meetings | low | — | — |
| 4 Aug 2026 · Latent View Analytics 20th AGM: All Resolutions Passed | board shareholder meetings | medium | — | — |
| 3 Aug 2026 · Q1 FY27 earnings call audio recording shared on company website | investor communications | low | — | — |
| 3 Aug 2026 · Newspaper publication of Q1 FY27 financial results | compliance | minimal | — | — |
| 1 Aug 2026 · Latent View Q1 FY27: revenue up 21.6% YoY but margins decline QoQ | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| TECH MAHINDRA LIMITED | 1,51,018 | 26.6 | 5.02 | 16.9 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,27,635 | 24.4 | 5.29 | 15.4 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 87,015 | 44.8 | 11.10 | 29.8 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 81,708 | 37.5 | 8.44 | 29.1 | 18.0 | 17.2 | 28.6 | 18.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 26.8 | 16.6 | 50 of 71 | 30% |
| P/B | 2.9 | 2.9 | 32 of 64 | 49% |
| ROCE | 14.1 | 14.2 | 40 of 78 | 49% |
| ROE | 11.3 | 11.5 | 36 of 67 | 47% |
| Debt / Equity | 0.0 | 0.0 | 4 of 68 | 64% |
| EBITDA margin | 27.2 | 18.4 | 11 of 65 | 84% |
| Revenue growth | 21.6 | 10.6 | 16 of 63 | 76% |
| Profit growth | (6.8) | 6.7 | 39 of 62 | 38% |
| Market cap | 5243 | 475 | 21 of 75 | 73% |
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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