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Tanla Platforms

TANLA NSE
₹659.10 −2.95 (−0.45%)
P/E
16.40
View as Markdown
MCP
Close 4 Nov 2026 ₹659.10 +52.70 +8.69% 1Y
Start ₹606.40

Key Fundamentals

MicrocapIT - SoftwareInformation Technology

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
26.30%
Debt to Equity
0.02
EPS (TTM)
₹40.19
Book Value
₹205.26
Market Cap
—
P/E (TTM)
16.40
P/B
3.21
ROE
21.40%
Dividend Yield
0.91%
EBITDA
₹761 Cr
52W High
₹677.90
52W Low
₹365.90
Day Range
₹653.20 – ₹676.45
Volume
8,34,171

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

69 Strong

Data confidence 100/100

Category scores

Quality
76
Strong
Returns, margins, earnings quality 22% weight
Valuation
65
Good
Cheap vs sector & own history 24% weight
Growth
49
Average
Sales & profit trajectory 9% weight
Financial Health
79
Strong
Solvency, leverage, coverage 9% weight
Momentum
89
Strong
Trend strength, vol-adjusted 12% weight
Ownership
62
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.2%
  • Company has been maintaining a healthy dividend payout of 30.8%
  • Company's median sales growth is 23.7% of last 10 years

No weaknesses listed

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish4213
OscillatorsBearish423
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
77.20
Bearish
MACD (12,26,9)
34.79
Bullish
SMA (50)
533.82
Bullish
SMA (200)
515.18
Bullish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+26.18%
5Y+13.54%
3Y+9.61%
1Y+9.68%
TTM+13.21%

Net profit

Net profit growth by window
10Y+53.52%
5Y+7.41%
3Y+4.35%
1Y+0.39%
TTM+9.92%

Operating cash flow

Operating cash flow growth by window
10Y+19.96%
5Y+0.46%
3Y+32.46%
1Y−10.59%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+0.23 pp
5Y−2.15 pp
3Y−1.16 pp
1Y−0.75 pp
TTM+0.17 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹579 Cr
Mar 2018₹792 Cr
Mar 2019₹1,004 Cr
Mar 2020₹1,943 Cr
Mar 2021₹2,341 Cr
Mar 2022₹3,206 Cr
Mar 2023₹3,355 Cr
Mar 2024₹3,928 Cr
Mar 2025₹4,028 Cr
Mar 2026₹4,418 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹41.00 Cr
Mar 2018₹19.00 Cr
Mar 2019₹30.00 Cr
Mar 2020−₹211 Cr
Mar 2021₹356 Cr
Mar 2022₹539 Cr
Mar 2023₹448 Cr
Mar 2024₹548 Cr
Mar 2025₹507 Cr
Mar 2026₹509 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹825 Cr +8.4% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk medium

Tanla Platforms is a nearly debt-free CPaaS company with a market cap of ₹7,822 Cr trading at a PE of 14.8x. FY26 revenue grew 9.7% YoY to ₹4,418 Cr with PAT of ₹509 Cr, while the stock has declined 21% CAGR over 3 years despite consistent profitability and a 3-year ROE of 25%.

Bull Case 8
  • Nearly debt-free balance sheet provides financial flexibility and low interest burden
  • Strong 3-year ROE of 25% and 5-year ROE of 29% indicate efficient capital allocation
  • PE of 14.8x is modest for an IT-platform company with double-digit revenue growth, suggesting undemanding valuation
  • FY26 free cash flow of ₹477 Cr represents 94% of PAT, demonstrating high earnings quality
  • Q4 FY26 free cash flow of ₹206 Cr was 154% of PAT, showing accelerating cash conversion
  • Healthy dividend payout of 30.8% with a current yield of 2.02% offers income alongside growth
  • Q1 FY27 revenue grew 17.8% YoY with gross profit and EBITDA growing faster, indicating improving unit economics
  • 10-year median sales growth of 23.7% and 10-year compounded profit CAGR of 50% demonstrate a long track record of scaling
Bear Case 8
  • Stock price CAGR of -21% over 3 years signals sustained market de-rating despite earnings growth
  • FY26 EBITDA grew only 4.8% YoY to ₹724 Cr while revenue grew 9.7%, indicating margin compression
  • PAT margin stands at just 11.5% for FY26, relatively thin for a platform/technology business
  • Compounded profit growth has decelerated sharply from 50% over 10 years to just 4% over 3 years and 10% TTM
  • Revenue growth decelerated from 14% 5-year CAGR to 10% 3-year CAGR, suggesting slowing momentum
  • ROE has declined from 29% (5-year average) to 21% last year, indicating diminishing return efficiency
  • Q4 FY26 QoQ EBITDA growth was a marginal 0.7%, pointing to near-term operating leverage constraints
  • CPaaS industry faces commoditization risk with low switching costs, pressuring gross margins over time

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: Tanla Platforms delivered a strong Q1FY26 with 20% profit growth and is actively expanding its international CPaaS footprint through the ValueFirst Middle East acquisition. No material headwinds are visible in recent news flow. Promoter holdings remain clean with no encumbrance. The trend is improving with earnings momentum and strategic inorganic growth reinforcing the bullish outlook.

Positives 2
  • Q1FY26 profit up 20% YoY Jul 22

    Consolidated net profit rose 20% YoY to ₹1,422 crore for Q1FY26 with revenue from operations reaching ₹12,264 crore, driven by strong operational performance.

  • ValueFirst Middle East acquired Jul 28

    Tanla approved acquisition of 100% stake in ValueFirst Middle East FZC for ₹148.52 Cr via subsidiary Karix Mobile FZ LLC, expanding CPaaS presence in UAE, KSA, and Indonesia.

Neutral 3
  • ValueFirst decision initially deferred Jul 22

    Board deferred the ValueFirst Overseas acquisition decision on July 22, 2026 before approving the deal on July 28.

  • 30th AGM concluded Jul 20

    Tanla held its 30th AGM on July 20, 2026, adopting FY26 financial statements and reappointing a director.

  • Promoter shares unencumbered FY26 Jul 4

    Promoter D. Uday Kumar Reddy disclosed zero encumbrance on shares for FY26, complying with SEBI SAST regulations.

Quarterly Results

₹ Cr
TANLA quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
911
1,009
1,003
1,006
1,002
1,001
1,000
1,024
1,041
1,078
1,121
1,178
1,226
1,352
Expenses
729
812
810
845
814
825
837
861
877
901
931
986
1,025
1,137
Operating Profit
182
197
193
160
189
175
163
163
164
177
191
192
201
214
OPM %
20%
20%
19%
16%
19%
18%
16%
16%
16%
16%
17%
16%
16%
16%
Other Income
5
6
5
26
10
10
9
11
12
9
8
8
14
12
Interest
1
2
2
2
2
2
1
1
1
1
1
1
1
2
Depreciation
16
23
23
23
23
23
25
27
27
30
32
33
33
37
PBT
170
179
173
162
174
161
147
146
147
156
165
167
181
187
Tax %
20%
20%
19%
20%
19%
19%
19%
20%
20%
20%
20%
19%
22%
22%
Net Profit
135
143
140
130
141
130
119
117
118
125
131
134
142
146
EPS (₹)
10.07
10.6
10.42
9.69
10.5
9.68
8.8
8.72
8.8
9.43
9.91
10.13
10.72
—

Sep 2026: from the results filed on 27 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
TANLA profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
242
432
579
792
1,004
1,943
2,341
3,206
3,355
3,928
4,028
4,418
4,603
Expenses
166
362
523
726
907
1,758
1,907
2,504
2,764
3,193
3,335
3,691
3,842
Operating Profit
77
70
56
66
97
184
435
702
590
735
692
726
761
OPM %
32%
16%
10%
8%
10%
9%
19%
22%
18%
19%
17%
16%
17%
Other Income
5
−2
2
5
11
−36
22
16
26
42
40
37
39
Interest
0
1
0
0
0
7
2
3
4
9
5.98
7
4
Depreciation
76
53
20
57
73
378
40
41
46
85
98
122
128
PBT
5
14
39
13
33
−237
415
674
567
683
627
634
668
Tax %
53%
47%
−5%
−51%
11%
−11%
14%
20%
21%
20%
19%
20%
—
Net Profit
3
7
41
19
30
−211
356
539
448
548
507
509
533
EPS (₹)
0.26
0.71
3.81
1.7
2.58
−14.47
26.18
39.73
33.31
40.78
37.68
38.39
40.19
Div. Payout %
0%
28%
7%
18%
14%
0%
8%
5%
30%
29%
32%
31%
—

Balance Sheet

₹ Cr
TANLA balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
10
10
11
11
12
15
14
14
13
13
13
13
Reserves
611
645
646
676
714
687
880
1,340
1,504
1,928
2,255
2,475
Borrowings
0
0
0
0
60
5
4
54
83
75
64
53
Other Liabilities
61
98
135
246
321
482
715
987
812
992
1,005
1,189
Total Liabilities
683
753
791
934
1,107
1,189
1,613
2,395
2,413
3,009
3,338
3,730
Fixed Assets
95
51
466
452
350
257
257
305
484
700
739
761
CWIP
365
499
24
0
6
13
6
54
64
104
90
50
Investments
0
4
0
0
75
0
0
0
0
0
120
25
Other Assets
223
199
300
482
676
918
1,349
2,036
1,865
2,205
2,389
2,894
Total Assets
683
753
791
934
1,107
1,189
1,613
2,395
2,413
3,009
3,338
3,730

Cash Flow

₹ Cr
TANLA cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
51
93
72
32
−30
239
561
486
247
590
642
574
Investing
−40
−73
−5
−5
−54
−126
−10
−111
−70
−484
−220
48
Financing
0
6
15
5
74
−67
−168
−97
−328
−151
−208
−375
Net Cash Flow
11
26
82
32
−10
46
384
278
−151
−44
214
247
Free Cash Flow
9
19
65
23
−18
102
530
425
91
434
514
477
CFO/EBITDA
66
133
127
49
−32
154
142
86
66
94
106
102

Ratios

TANLA financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
218
70
72
95
112
61
58
64
62
78
76
82
Cash Conversion Cycle
218
70
72
95
112
61
58
64
62
78
76
82
Working Capital Days
175
22
5
21
54
20
−4
4
21
34
30
38
ROCE %
1%
3%
6%
2%
4%
−24%
52%
59%
38%
38%
29%
26%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Tanla Platforms insights

74 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 46.17%
  • Public 36.20%
  • Others 8.83%
  • FIIs 8.08%
  • DIIs 0.73%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Tanla Platforms

What does Tanla Platforms Ltd do?
Tanla Platforms Ltd (formerly Tanla Solutions Ltd) is a cloud communications provider enabling businesses to communicate with their customers and intended recipients. It is headquartered in Hyderabad, India. It is a global A2P(application to person) messaging platform provider.
Where is Tanla Platforms Ltd (TANLA) listed?
Tanla Platforms Ltd trades as TANLA on the NSE and under code 532790 on the BSE.
Which sector does Tanla Platforms Ltd belong to?
Tanla Platforms Ltd is classified under the Information Technology sector, in the Software Products industry.
What is the PE ratio of Tanla Platforms Ltd?
Tanla Platforms Ltd trades at a PE ratio of 16.40 as of 4 Nov 2026, on earnings per share of ₹40.19, against a book value of ₹205.26 per share.
What is the 52-week high and low of Tanla Platforms Ltd?
Over the last 52 weeks Tanla Platforms Ltd has traded between ₹365.9 and ₹677.9 as of 4 Nov 2026.
Does Tanla Platforms Ltd pay dividends?
Tanla Platforms Ltd has a dividend yield of 0.91%.
What is the Return on Equity (ROE) of Tanla Platforms Ltd?
Tanla Platforms Ltd reported a return on equity of 21.40%. Its debt-to-equity ratio is 0.02.

Company Information

Tanla Platforms Ltd (formerly Tanla Solutions Ltd) is a cloud communications provider enabling businesses to communicate with their customers and intended recipients. It is headquartered in Hyderabad, India. It is a global A2P(application to person) messaging platform provider.

Website tanlasolutions.com
CEO Mr. Dasari Uday Kumar Reddy M.B.A.
Employees 992
Listed 5 Jan 2007
Face Value ₹1

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