Tanla Platforms Ltd
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. [1] [2]
- Market Cap ₹ 8,247 Cr.
 - Current Price ₹ 622
 - High / Low ₹ 804 / 409
 - Stock P/E 31.8
 - Book Value ₹ 38.2
 - Dividend Yield 1.87 %
 - ROCE 41.0 %
 - ROE 47.6 %
 - Face Value ₹ 1.00
 
Pros
- Company has reduced debt.
 - Company has delivered good profit growth of 32.6% CAGR over last 5 years
 - Company has a good return on equity (ROE) track record: 3 Years ROE 34.2%
 - Company has been maintaining a healthy dividend payout of 78.2%
 - Company's median sales growth is 17.0% of last 10 years
 
Cons
- Stock is trading at 16.4 times its book value
 - The company has delivered a poor sales growth of -4.24% over past five years.
 - Tax rate seems low
 - Earnings include an other income of Rs.272 Cr.
 - Debtor days have increased from 87.0 to 110 days.
 
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26 | 133 | 280 | 499 | 692 | 809 | 1,060 | 892 | 1,247 | 1,149 | 1,012 | 854 | 727 | |
| 20 | 121 | 267 | 462 | 640 | 728 | 934 | 759 | 1,114 | 1,062 | 955 | 801 | 705 | |
| Operating Profit | 6 | 12 | 13 | 37 | 52 | 81 | 126 | 133 | 133 | 87 | 57 | 53 | 22 | 
| OPM % | 22% | 9% | 5% | 7% | 7% | 10% | 12% | 15% | 11% | 8% | 6% | 6% | 3% | 
| -4 | 5 | 0 | -27 | 5 | 10 | -40 | 71 | 27 | 116 | 138 | 305 | 272 | |
| Interest | 0 | 0 | 1 | 0 | 1 | 3 | 6 | 0 | 0 | 0 | 19 | 23 | 17 | 
| Depreciation | 11 | 10 | 3 | 11 | 49 | 68 | 321 | 7 | 6 | 7 | 8 | 8 | 8 | 
| Profit before tax | -9 | 6 | 10 | -2 | 6 | 20 | -240 | 196 | 154 | 196 | 168 | 327 | 270 | 
| Tax % | 4% | 48% | 63% | -58% | -105% | 13% | -17% | 19% | 23% | 11% | 9% | 4% | |
| -10 | 3 | 4 | -1 | 13 | 17 | -199 | 159 | 119 | 174 | 153 | 314 | 260 | |
| EPS in Rs | -0.95 | 0.30 | 0.36 | -0.06 | 1.16 | 1.48 | -13.63 | 11.66 | 8.74 | 12.93 | 11.35 | 23.36 | 19.28 | 
| Dividend Payout % | 0% | 0% | 56% | -427% | 26% | 24% | 0% | 17% | 23% | 77% | 106% | 51% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 20% | 
| 5 Years: | -4% | 
| 3 Years: | -12% | 
| TTM: | -26% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 58% | 
| 5 Years: | 33% | 
| 3 Years: | 38% | 
| TTM: | 33% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 35% | 
| 5 Years: | 13% | 
| 3 Years: | -7% | 
| 1 Year: | -17% | 
| Return on Equity | |
|---|---|
| 10 Years: | 12% | 
| 5 Years: | 27% | 
| 3 Years: | 34% | 
| Last Year: | 48% | 
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 11 | 11 | 12 | 15 | 14 | 14 | 13 | 13 | 13 | 13 | 
| Reserves | 605 | 615 | 626 | 630 | 653 | 688 | 654 | 653 | 687 | 554 | 582 | 713 | 493 | 
| 0 | 0 | 0 | 0 | 0 | 60 | 0 | 0 | 0 | 0 | 255 | 132 | 132 | |
| 9 | 45 | 55 | 132 | 241 | 293 | 218 | 327 | 419 | 321 | 479 | 467 | 524 | |
| Total Liabilities | 625 | 671 | 691 | 772 | 905 | 1,052 | 887 | 993 | 1,119 | 888 | 1,329 | 1,325 | 1,162 | 
| 35 | 31 | 25 | 449 | 425 | 337 | 32 | 31 | 31 | 28 | 31 | 28 | 25 | |
| CWIP | 6 | 0 | 0 | 20 | 0 | 6 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 
| Investments | 480 | 531 | 537 | 53 | 54 | 130 | 290 | 329 | 328 | 327 | 701 | 683 | 662 | 
| 104 | 108 | 129 | 251 | 426 | 580 | 565 | 632 | 760 | 531 | 597 | 615 | 475 | |
| Total Assets | 625 | 671 | 691 | 772 | 905 | 1,052 | 887 | 993 | 1,119 | 888 | 1,329 | 1,325 | 1,162 | 
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -34 | 47 | 19 | 65 | 16 | -21 | 97 | 304 | 97 | 90 | 109 | 79 | |
| 11 | -45 | -6 | -4 | -5 | -53 | -48 | -22 | -43 | 145 | -281 | 138 | |
| 22 | 5 | 6 | 15 | 5 | 74 | -65 | -161 | -94 | -321 | 121 | -191 | |
| Net Cash Flow | -1 | 7 | 19 | 76 | 16 | -1 | -16 | 121 | -40 | -86 | -51 | 26 | 
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 589 | 170 | 85 | 69 | 91 | 107 | 85 | 82 | 69 | 56 | 95 | 110 | 
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 589 | 170 | 85 | 69 | 91 | 107 | 85 | 82 | 69 | 56 | 95 | 110 | 
| Working Capital Days | 877 | 60 | 23 | -10 | 14 | 46 | 55 | 6 | 28 | 14 | 6 | 9 | 
| ROCE % | 0% | 1% | 2% | 4% | 1% | 3% | -26% | 24% | 23% | 31% | 26% | 41% | 
Documents
Announcements
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          Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
          
            24 Oct - Transcript of Tanla Q2 FY26 earnings call for quarter ended September 30, 2025; call held October 18, 2025; uploaded.
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          Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
          
            18 Oct - Recording of Q2 FY26 earnings call (quarter/half-year ended Sep 30, 2025) uploaded on company website.
 - Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Oct
 - 
        
          Announcement under Regulation 30 (LODR)-Investor Presentation
          
            17 Oct - Investor Updates for the quarter ended September 30, 2025
 - 
        
          Letter To Shareholders For The Quarter Ended September 30, 2025
          
            17 Oct - Q2 FY26 revenue ₹10,785 Mn; PAT ₹1,250 Mn; interim dividend ₹6; buyback 2 Mn shares at ₹875.
 
Annual reports
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      Financial Year 2025
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      Financial Year 2024
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      Financial Year 2023
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      Financial Year 2022
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      Financial Year 2021
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      Financial Year 2020
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      Financial Year 2019
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      Financial Year 2018
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      Financial Year 2017
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      Financial Year 2016
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      Financial Year 2015
      from bse
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      Financial Year 2014
      from bse
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      Financial Year 2013
      from nse
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      Financial Year 2013
      from bse
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      Financial Year 2012
      from bse
 
Concalls
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      Oct 2025Transcript PPT REC
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      Jul 2025Transcript PPT
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      May 2025Transcript PPT REC
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      Jan 2025Transcript PPT
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      Oct 2024Transcript PPT REC
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      Jul 2024Transcript PPT
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      Apr 2024Transcript PPT
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      Jan 2024Transcript PPT REC
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      Oct 2023Transcript PPT
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      Jul 2023Transcript PPT
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      Jun 2023Transcript PPT
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      May 2023Transcript PPT
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      Jan 2023Transcript PPT
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      Oct 2022Transcript PPT
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      Jul 2022TranscriptPPT
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      Jul 2022Transcript PPT
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      May 2022Transcript PPT
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      Apr 2022TranscriptNotesPPT
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      Jan 2022Transcript PPT
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      Oct 2021Transcript PPT
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      Oct 2021TranscriptNotesPPT
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      Jul 2021Transcript PPT
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      Jun 2021TranscriptPPT
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      May 2021TranscriptNotesPPT
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      Feb 2021TranscriptNotesPPT
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      Oct 2020TranscriptNotesPPT
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      Aug 2020TranscriptNotesPPT
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      Jun 2020TranscriptNotesPPT
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      Jun 2020TranscriptNotesPPT
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      Jul 2019TranscriptNotesPPT
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      May 2019TranscriptNotesPPT
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      Nov 2018TranscriptNotesPPT
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      Aug 2018TranscriptNotesPPT
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      Jun 2018Transcript PPT
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      Jan 2018TranscriptNotesPPT
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      Nov 2017Transcript PPT
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      Aug 2017TranscriptPPT
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      May 2017TranscriptPPT
 
Market Leadership
The company has emerged as a leader in the CPaaS (Communications Platform as a Service) business, a specialized form of SaaS. It dominates the industry in data security, privacy, spam, and scam protection, with a 35% market share in India, processing 800+ Bn interactions annually and about 63% of India’s A2P SMS traffic. It holds a 45% share in the domestic National long-distance business (NLD) and has been steadily increasing its market share in the OTT space. [1] [2] [3] [4]