LATENTVIEW
Large CapLatent View Analytics Limited
Media
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.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Mixed fundamentals, management trust is supportive, price trend argues for patience, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 31 Mar 2026
Average · 32/100margin compression · Rev +25% YoY · PAT +8% YoY
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹289 Cr | +24.6% | +4.0% |
| EBITDA | ₹68 Cr | +23.6% | +9.7% |
| Operating margin | 23.0% | -100 bps | +100 bps |
| PAT | ₹55 Cr | +7.8% | +7.8% |
| PAT margin | 19.0% | -295 bps | +68 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Where growth can come from, and what can break the case
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.
Revenue Mix by Client Tier (FY26)
Latest issuer-disclosed distribution across 4 reported categories.
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.
USD Appreciation
Positive impact on margin due to $ appreciation in Q4FY26.
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.
Client Concentration
Top 5 clients account for 56% of revenue, Top 10 for 69%, and Top 20 for 84% in FY26.
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.
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.
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%
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.
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.
Trend score and candlestick chart
42NeutralSMA20 -21.6% / mo
Technical chart
LATENTVIEWweekly · 1Y-23.5%Technical trend read
Bearish setupTrend is weak — long-term trend unclear. RSI 42.
- SMA20 falling (~27.5% over last month) — short-term momentum negative.
- RSI(14) at 42 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 41% off 52W high · 23% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation, score drivers, trust methodology, financials, and peers
Use these sections after reviewing the decision summary, latest result, thesis, management accountability, and technical timing above.
Fundamental score breakdown
FAIR VALUEWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 24.2%.
- Balance sheet contributes 12/15 to the score.
Main drags
- Valuation is weaker at 5/30; verify the latest quarterly trend.
- Quality is weaker at 6/20; verify the latest quarterly trend.
- Cash flow is weaker at 5/10; verify the latest quarterly trend.
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.
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.
Score history
12 stored score snapshots. Latest stored move: +4 points.
Factor attribution
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 95th percentile of the scored universe and 99th percentile within Media. No major sub-score weakness stands out.
High Trust Lite: Promoter holding is 65.1%.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Media: 99th pctile, median 64 · Large: 84th pctile, median 74
90 documents indexed, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead 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.
Trust positives
- ▸Promoter holding is 65.1%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.5%.
- ▸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.
Intrinsic value
Fundamentals
Valuation
- P/E
- 31.30
- P/B
- 3.54
- EV/EBITDA
- 22.53
- Market Cap
- 6209.00Cr
Profitability
- ROE
- 12.20%
- ROCE
- 16.00%
- ROA
- 11.29%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 28.00%
- EPS 5Y
- 17.00%
- Revenue 3Y
- 25.00%
- EPS 3Y
- 9.00%
Balance Sheet
- Debt/Equity
- 0.02
- Interest Coverage
- 23.60×
- Altman Z
- 8.74
- Book Value
- 84.80
Cash Flow
- FCF Yield
- 1.48%
- FCF Positive Y
- 5/5
- OCF
- 165.00 Cr
- EPS TTM
- 9.57
Shareholding
- Promoter Hold
- 65.10%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 19%
Financial History
Updated 9/6/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable peers in Media — 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.