Primary business of Tracxn Technologies Ltd
Company offerings:-
one of the major global providers of market intelligence for private company data and among the top five global players in terms of the number of companies profiled that offer data on private market enterprises across industries and geographies.
Tracxn provides customers with access to private corporate data for a variety of purposes, including deal sourcing, finding M&A possibilities, deal diligence, analysis, and tracking developing patterns across industries and marketplaces.
Tracxn, a Software as a Service ("SaaS")-based platform, has profiled over 1.4 million entities over 1,805 Feeds categorised across industries, sectors, sub-sectors, geographies, affiliations, and networks globally as of May 31, 2021. As of March 31, 2021, the platform has 2,358 Users across 855 Customer Accounts in over 50 countries. Among their clients are a number of Fortune 500 corporations and/or their subsidiaries, including Unilever Industries Private Limited.
As of March 31, 2019, Tracxn had 471 Customer Accounts. By March 31, 2021, the no increased to 855 Customer Accounts, which is a CAGR of 34.73%. Customer retention as of March 31, 2021, 22.69%, or 194 active Customer Accounts, have been with using the services for more than three years (with a maximum gap of three months between subscriptions).
Summary of Industry
SWOT analysis of Tracxn Technologies Ltd
Strength
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High tech platform that has been developed with continuous research
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Emerging tech companies tracking (which most of other players do not offer)
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Accurate data building and deeper insight generation
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Cost advantage as most of company’s workforce is based in India.
Weakness
- Lesser play in regions like North America
- Fairly new in the industry
Opportunities
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Further increasing its market share in regions like APAC which are high growth areas for private market
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Investing further on technology platform that can provide meaningful insights
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Furthering its tech market tracking platform which is unique by its nature
Threats
The company faces stiff competition from
- Free online and offline sources of information on companies and businesses, including government records, company websites, and open online databases, which offer database for free as well as for subscription.
- Current and potential customers’ internal and home-grown company databases; other providers of third-party company attributes, technology attributes, and business contact information; other providers of online private companies, market information databases and platforms
Tracxn Technologies Ltd’s Financial Informations:-
Profit and loss
Profit and Loss (All Figures in crore .Adjusted EPS in Rs.)( Tracxn Technologies Ltd.)
. | March 19 | March20 | March 21 |
---|---|---|---|
Sales | 33.19 | 37.33 | 43.78 |
Expenses | 53.63 | 90.82 | 60.85 |
Operating Profit | -20.44 | -53.49 | -17.07 |
OPM % | _ | _ | |
Other Income | 33.65 | 0.23 | 12.20 |
Interest | 0.15 | 0.21 | 0.23 |
Depreciation | 0.65 | 0.56 | 0.25 |
Profit before Tax | 12.40 | -54.03 | -5.35 |
Tax | 0 | 0 | 0 |
Net Profit | 12.40 | -54.03 | -5.35 |
EPS in Rs | 0.21 | -0.92 | -0.09 |
Dividend Payout % | _ | _ |
Balance sheet
Balance Sheet (All Figures in crore )(Tracxn Technologies Ltd.)
. | March 19 | March 20 | March21 |
---|---|---|---|
Equity and Liabilities | |||
Share Capital | 0.20 | 0.20 | 0.90 |
Reserves | -83.10 | -135.45 | 21.33 |
Borrowings | - | - | - |
Other Liabilities | 115.10 | 172.36 | 2.88 |
Current Liabilities | 11.91 | 15.26 | 23.36 |
Total Liabilities | 44.11 | 52.38 | 48.46 |
ASSETS | |||
Net Block | 1.12 | 0.57 | 0.27 |
CWIP | 0 | 0 | 0 |
Loans & Advances | 2.36 | 2.22 | 2.57 |
Current Assets | 0 | 0 | 0 |
Investments | 0 | 0 | 0 |
Other Assets | 0.02 | 0.06 | 0.01 |
Total Assets | 44.11 | 52.38 | 48.46 |
Cash Flow Statement
Cash Flow Statements (All Figures in crores )( Tracxn Technologies Ltd..)
. | March 19 | March 20 | March22 |
---|---|---|---|
Profit from operations | 12.40 | -54.03 | -5.35 |
Adjustment | -31.17 | 34.25 | -9.22 |
Changes in Assets & Liabilities | 3.33 | 4.19 | 8.75 |
Tax Paid | -0.30 | 0.19 | -0.24 |
Operating Cash Flow | -15.75 | -15.39 | -6.06 |
Investing Cash Flow | 16.47 | -5.76 | -5.38 |
Financing Cash Flow | 0 | 20.95 | 0.19 |
Net Cash Flow | 0.72 | -0.20 | -0.49 |
Utilisation of Capital raised through IPO
Tracxn Technologies Ltd through this IPO wants to raise RS Rs 310 crores.
Sale of shares by shareholders.
The company will not get any proceeds from the OFS portion, the proceeds of which will entirely go to the promoters.