Roadzen Inc. Ordinary Shares (RDZN)

FairStock Score: 19/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Roadzen as a Graham-style value investor: I want proven earning power, a margin of safety, and a balance sheet that does not depend on hope. The business sells insurtech, telematics and claims software across India, the U.S., the UK and Europe, which is a real market. But the filed figures show no durable earning power. In fiscal Q1 2027 (quarter ended 2026-06-30), revenue was $16.2M and net income was -$9.8M; in fiscal Q1 2026 (quarter ended 2025-06-30), revenue was $10.9M and net income was -$4.0M. In FY2026 (year ended 2026-03-31), revenue was $55.0M and net income was -$22.5M; in FY2025 (year ended 2025-03-31), revenue was $44.3M and net income was -$72.9M; in FY2024 (year ended 2024-03-31), revenue was $46.7M and net income was -$99.7M. Revenue is moving, but losses remain. The provided Lynch category is 'none' because it lost money in each of the last four years. FairStock's calculated metrics at the 2026-10-13 close of $1.09 and $92.8M market cap are troubling: ROCE -18.93%, Piotroski 2/9, Altman Z-Score -7.38, FCF -$24.0M, FCF yield -25.9%, and a FairStock Score of 19/100. A FairStock P/E of 4.95 might look cheap, but it is not supported by filed profits. I see growth but no moat, no consistent profit, and cash burn. The price may be low, but the business has not yet earned a value investor's trust.

In plain English: Roadzen sells technology for car insurance, including driving apps, crash alerts and claims help. The company is growing sales but still loses money and burns cash, so the business looks weak. At $1.09, the shares look speculative rather than clearly cheap based on the reported losses.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2027 10-Q (period ended 2026-06-30) · fiscal Q3 2026 10-Q (period ended 2025-12-31) · fiscal Q2 2026 10-Q (period ended 2025-09-30) · fiscal Q1 2026 10-Q (period ended 2025-06-30) · FY2026 10-K (period ended 2026-03-31) · FY2025 10-K (period ended 2025-03-31) · FY2024 10-K (period ended 2024-03-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer