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Latent View Analytics Limited is among the leading pure-play data analytics services companies in India, based on expertise of the entire value chain of data analytics from data and analytics consulting to business analytics and insights, advanced predictive analytics, data engineering and digital solutions. company engage and provide services to blue chip companies in Technology, BFSI, CPG & Retail, Industrials and other industries. Company’s design and engineer result-oriented analytics solutions for clients across industries, that enable them to operate more efficiently by predicting outcomes that fuel digital transformation and sustainability. The company classifies its business into - (i) Consulting services, which involves understanding relevant business trends, challenges, and opportunities and preparing a roadmap of data and analytics initiatives that addresses them; (ii) Data engineering, to design, architect, and implement the data foundation required to undertake analytics; (iii) Business analytics, which delivers analysis and insights for clients to make more accurate, timely and impactful decisions; and (iv) Digital solutions which the company develops to automate business processes, predict trends and generate actionable insights.

* Company emerged as one of the most trusted partners to several Fortune 500 companies in recent years.

* They have consistently been recognized by the industry as leaders in analytics, including by Forrester as a “Strong Performer” in Customer Analytics Service Providers in 2017 and 2019, and by Gartner in the Market Guide for Advanced Analytics Service Providers for Marketing in 2017.

* Company partnered with many of the largest enterprises in the world, and have held relationships with their top five clients, that includes some of the Fortune 500 companies, for an average of over six years as of September 30, 2021

Outlook & Valuation:

The company is showing growth in profit in the last 3 years. Profits have grown from Rs 72.8 cr to Rs 91.4 cr over the period of FY20 to FY21. While revenue of the company declined a little from Rs 329.67 cr in FY 2020 to Rs 326.7 in FY 2021. Overall company's financial performance is stable while the margins are improving year on year. Data and analytics are being used by businesses across sectors to guide company strategy and optimize expenditure decisions in the face of rising financial uncertainty. The firm is among the leading pure-play data analytics companies and caters to Fortune 500 companies with long-term relationships. At the upper price band of Rs. 197 and EPS of Rs 5.1 PE work out to be 38x which suggests that the IPO is reasonably priced for the distinct and new edge business. Thus we assign a "SUBSCRIBE" rating to the IPO.

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