Latent View Analytics Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Latent View Analytics Ltd trades at ₹316, in a downtrend and 24 weeks into that stage. That is −8.8% against its own 200-day average. It sits at 23% of a 52-week range of ₹260 to ₹498. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (6 weeks and counting).

Today the stock is in a downtrend — week 24 of stage 4, confirmed. At ₹316 it trades −8.8% versus its 200-day average and sits at 23% of its 52-week range (₹260–₹498).

Against the market, two honest reads. Cumulative: over the last 4.7 years the stock moved −55% while the NIFTY 500 moved +59% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (6 weeks and counting; last ahead the week of 2026-06-25) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Latent View Analytics Ltd trades at 33.5× P/E, near the bottom of its own range — cheaper only 22% of the time. Its long-run median P/E is 49.3×, measured across 4.7 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 33.5× is near the bottom of its own range — cheaper only 22% of the time, against a long-run median of 49.3× measured over 4.7 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved +13.4% against a −21.3% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 3y, of the −5.8%/yr price move, ~+6.6%/yr came from earnings growth and ~−12.4 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 4.0% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Latent View Analytics Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 16.0% and holding. The read is built from 8 quarters across 4 curves, on partial evidence.

Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

4-Factor Sector Score

47.1/100 — rank 7 of 12 in IT Enabled Services · 76% evidence confidence

Latent View Analytics Ltd scores 47.1 out of 100 against the 12 companies it is compared with in IT Enabled Services, ranking 7. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 17.9 + 15.9 + 9.8 + 3.5 = 47.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Latent View Analytics Ltd reported ₹287 Cr of revenue in the Jun 26 quarter, +21.6% year on year. That is the 11th straight quarter of year-on-year growth. Over 13 years it has compounded at 30.6% a year. The last full year, FY26, came in at ₹1,060 Cr. The last four reported quarters add to ₹1,112 Cr.

FY26 revenue came in at ₹1,060 Cr (+25.0% on the year), capping 13 years at 30.6% compound. The latest quarter (Jun 26) printed ₹287 Cr, +21.6% year on year — the 11th consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +22.9% growth against the decade's 30.6% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +22.9% over the last 4 quarters against +28.5%/yr over the last 8 — rolling over; TTM profit +7.0% vs +9.8%/yr — stabilising.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Latent View Analytics Ltd's operating margin is 20.0% in the Jun 26 quarter, −1.0 percentage points against the same quarter a year ago. Across 10 fiscal years the operating margin has ranged 21.0% to 36.0%. The current quarter is running below every full year in that window.

The latest quarter's operating margin is 20.0%, −1.0 pp against the same quarter a year ago. Across 10 fiscal years the operating margin has ranged 21.0%–36.0%.

🚨 Why the margin moved: operating margin went −1.6 pp year on year while gross margin went +0.0 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Latent View Analytics Ltd earned ₹47.0 Cr of net profit in the Jun 26 quarter, −7.8% year on year. Full-year FY26 profit was ₹202 Cr. The 13-year compound rate is 28.2%. That is 16.4% of the quarter's revenue. The same quarter a year earlier earned ₹51.0 Cr.

Jun 26 profit was ₹47.0 Cr, −7.8% year on year. On the full year, FY26 printed ₹202 Cr (+16.8%), and the 13-year compound rate is 28.2%.

🚨 Why profit moved: revenue contributed +21.6% and the margin −1.0 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +7.7% vs revenue +22.9%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 77% of Latent View Analytics Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was ₹165 Cr of operating cash against ₹202 Cr of profit. After ₹28.0 Cr of capital spending, ₹137 Cr was left as free cash.

FY26: operating cash of ₹165 Cr against reported profit of ₹202 Cr, leaving free cash of ₹137 Cr after ₹28.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 77% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Why conversion sits at 77%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle.

Router verdict: the bigger cash user is investment — capital spending ran 5.7× depreciation over three years, so the next section's job is to check what that build-out is buying.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Latent View Analytics Ltd's cash conversion cycle runs 80 days in FY26, up from 73 days in FY21. Capital spending ran ₹454 Cr over the last 3 years. At FY26 sales of ₹1,060 Cr each day of that cycle holds about ₹2.9 Cr, so roughly ₹232 Cr sits inside the business at any moment.

FY26: debtors at 80 days (an asset-light business — no inventory to speak of) — for a full cycle of 80 days, looser than FY21's 73.

In money terms: at FY26 sales of ₹1,060 Cr, each day of the cycle holds about ₹2.9 Cr — so the 80-day loop keeps roughly ₹232 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹454 Cr over the last 3 fiscal years against ₹80.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Latent View Analytics Ltd earns a ROCE of 16% in FY26. That is up from a trough of 15% in FY24. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 19.1% net margin on 0.51× asset turns.

FY26 ROCE is 16%, recovered from a FY24 trough of 15% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 19.1% net margin × 0.51× asset turns × 1.19× balance-sheet leverage ≈ 11.6% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 4.0% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Latent View Analytics Ltd carries ₹33.0 Cr of borrowings against ₹1,756 Cr of equity in FY26, a debt-to-equity of 0.02. Operating profit covers the interest bill 24×. Over 5 years borrowings went from ₹52.0 Cr to ₹33.0 Cr. Capital spending ran ₹454 Cr across the last 3 of those years.

FY26: borrowings of ₹33.0 Cr against equity of ₹1,756 Cr — a debt-to-equity of 0.02. Operating profit covers the interest bill 24×. Over 5 years borrowings went from ₹52.0 Cr to ₹33.0 Cr while capital spending ran ₹454 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 4.0% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Latent View Analytics Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved −0.3 points over the same window, to 65.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: −0.8 points over 8 quarters to 3.6%; Promoters: −0.3 points over 8 quarters to 65.1%; Foreign institutions: −0.3 points over 8 quarters to 2.1%.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Latent View Analytics Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Frequently asked questions