ATLAS
AI-disrupted incumbents·India·Bengaluru·#3 / 8 in segment·16.4% of segment mcap
$12.77
-56.9% vs S&P 12m

Business overview

AI disruption risk

Indian IT services major with AI-driven productivity programs; revenue growth has decelerated meaningfully.

Most exposed large IT services firm to deflation in human-hour pricing as AI takes share.

Products
  • Application services
  • Infrastructure ops
  • Topaz AI
Customers (1)
  • Global enterprises
Competitors (3)

Composite score

Higher = stronger overall research case

52
Fundamental61
Technical24
Valuation84
AI relevance35
Risk-adjusted (higher = safer)49
Segment-relative fundamental percentile: 75

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: -20.5%6M RS: -35.2%12M RS: -56.9%Vol30d: 39%DD52w: -36.8%

Financial summary

Curated, illustrative

Revenue
$20.16B
Growth (YoY)
6.6%
Gross margin
29.5%
Operating margin
20.9%
FCF
$3.17B
Capex
$868.75M
Net cash / (debt)
$2.74B
ROIC
15.1%
Customer conc.
Medium

Valuation

Market cap
$51.68B
Enterprise value
$48.94B
P/E (TTM)
16.0x
Forward P/E
14.6x
EV / Sales
2.4x
EV / EBITDA
11.1x
P / FCF
16.3x
PEG
2.3x
Rule of 40

Risks

Severity 1 (low) to 5 (severe)

  • 4
    AI-driven price erosion
  • 3
    FX and onshore wage

Score components

What drove the composite

Growth44
Profitability66
Cash generation62
Balance sheet82
Moat / AI relevance48
Capital intensity (higher = lighter)74
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)5
Momentum (3/6/12m)33
Relative strength23
Realized vol (higher = lower vol)54