Recent Price Performance and Market Context
The stock closed with a day-on-day change of -1.16%, underperforming the Sensex which recorded a decline of -0.23% on the same day. Over the past week, Tracxn Technologies has recorded a return of -3.94%, compared to the Sensex’s -0.53%. The one-month performance shows a sharper decline of -16.79%, while the Sensex remained relatively steady with a -0.36% return.
Looking at a longer horizon, the stock’s three-month return stands at -22.94%, contrasting with the Sensex’s positive 1.63% gain. Over the last year, Tracxn Technologies has recorded a return of -50.11%, while the Sensex has appreciated by 5.22%. Year-to-date figures reveal a similar trend with the stock down by -49.21% against the Sensex’s 7.97% rise.
Extending the timeline further, the stock’s three-year performance shows a decline of -55.84%, whereas the Sensex has gained 37.55%. Over five and ten years, Tracxn Technologies has not registered any growth, remaining flat at 0.00%, while the Sensex has delivered returns of 79.66% and 230.61% respectively.
Technical Indicators and Trading Patterns
Tracxn Technologies is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates a persistent downward momentum. The stock has also experienced a consecutive three-day decline, resulting in a cumulative return of -3.16% over this period.
In terms of sector comparison, the stock has underperformed the Commercial Services & Supplies sector by -1.64% on the latest trading day, further highlighting its relative weakness within its industry group.
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Financial Performance Overview
Tracxn Technologies’ recent quarterly results indicate a net loss after tax (PAT) of ₹-5.56 crores, representing a decline of -129.3% compared to the previous four-quarter average. The company’s non-operating income for the quarter accounts for 200.00% of its profit before tax (PBT), suggesting that core business activities are not contributing positively to profitability.
Over the last five years, the company’s operating profit has shown a negative annual growth rate of -193.22%, signalling a challenging environment for sustained earnings growth. The stock’s earnings before interest, taxes, depreciation and amortisation (EBITDA) have remained negative, which adds to the concerns regarding the company’s profitability and cash flow generation.
Valuation and Risk Considerations
From a valuation perspective, Tracxn Technologies is trading at levels considered risky relative to its historical averages. The stock’s return over the past year of -50.11% coincides with a profit decline of -1086%, underscoring the severity of its financial contraction.
Institutional investor participation has also shifted, with a reduction of -2.37% in their stake over the previous quarter. Currently, institutional investors hold 5.25% of the company’s shares. This decline in institutional ownership may reflect a reassessment of the company’s fundamentals by investors with greater analytical resources.
Sector and Debt Profile
Operating within the Commercial Services & Supplies sector, Tracxn Technologies maintains a low average debt-to-equity ratio of zero, indicating minimal leverage on its balance sheet. While this reduces financial risk from debt servicing, it has not translated into improved operational or market performance in recent periods.
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Comparative Market Performance
When compared to the broader market indices and sector benchmarks, Tracxn Technologies has consistently lagged behind. Its underperformance relative to the BSE500 index is evident over the last three months, one year, and three years. This persistent gap highlights the challenges faced by the company in regaining investor confidence and market share.
The stock’s flat returns over five and ten years, contrasted with the substantial gains of the Sensex over the same periods, further illustrate the company’s difficulty in delivering value to shareholders over the long term.
Summary of Current Situation
Tracxn Technologies’ stock has reached historic lows amid a backdrop of declining profitability, subdued financial metrics, and reduced institutional interest. The company’s trading below all major moving averages and its sustained negative returns across multiple time frames underscore the extent of its market challenges.
While the company’s low leverage provides some balance sheet stability, the overall financial and market data reflect a period of significant contraction and subdued performance within the Commercial Services & Supplies sector.
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