Price Target Changed • May 21
Price target decreased by 12% to ₹572 Down from ₹652, the current price target is an average from 2 analysts. New target price is 11% above last closing price of ₹516. Stock is down 8.2% over the past year. The company is forecast to post earnings per share of ₹41.30 for next year compared to ₹38.36 last year. New Risk • Apr 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.0% average weekly change). Declared Dividend • Apr 27
Final dividend of ₹6.00 announced Dividend of ₹6.00 is the same as last year. Ex-date: 30th April 2026 Payment date: 24th May 2026 Dividend yield will be 2.5%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 51% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
Full year 2026 earnings: Revenues and EPS in line with analyst expectations Full year 2026 results: EPS: ₹38.36 (up from ₹37.76 in FY 2025). Revenue: ₹44.5b (up 11% from FY 2025). Net income: ₹5.09b (flat on FY 2025). Profit margin: 11% (down from 13% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Tillkännagivande • Apr 14
Tanla Platforms Limited to Report Q4, 2026 Results on Apr 24, 2026 Tanla Platforms Limited announced that they will report Q4, 2026 results on Apr 24, 2026 Price Target Changed • Mar 14
Price target decreased by 9.2% to ₹665 Down from ₹733, the current price target is an average from 3 analysts. New target price is 59% above last closing price of ₹418. Stock is down 2.9% over the past year. The company is forecast to post earnings per share of ₹38.95 for next year compared to ₹37.76 last year. Reported Earnings • Jan 23
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: ₹9.95 (up from ₹8.82 in 3Q 2025). Revenue: ₹11.3b (up 13% from 3Q 2025). Net income: ₹1.31b (up 11% from 3Q 2025). Profit margin: 12% (in line with 3Q 2025). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Tillkännagivande • Jan 13
Tanla Platforms Limited to Report Q3, 2026 Results on Jan 22, 2026 Tanla Platforms Limited announced that they will report Q3, 2026 results on Jan 22, 2026 Tillkännagivande • Oct 20
Tanla Platforms Limited Approves the Declaration of First Interim Dividend for the Financial Year 2025-26 Tanla Platforms Limited approved the declaration of first interim dividend for the financial year 2025-26 at the rate of INR 6 per equity share (that is, 600%) of face value INR 1 each. The Company has fixed October 27, 2025, as the Record Date for determining entitlement of Members for the first interim dividend for the financial year 2025-26. Upcoming Dividend • Oct 20
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 27 October 2025. Payment date: 16 November 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.8%. Within top quartile of Indian dividend payers (1.2%). In line with average of industry peers (1.7%). Reported Earnings • Oct 19
Second quarter 2026 earnings released: EPS: ₹9.43 (vs ₹9.70 in 2Q 2025) Second quarter 2026 results: EPS: ₹9.43 (down from ₹9.70 in 2Q 2025). Revenue: ₹10.8b (up 7.8% from 2Q 2025). Net income: ₹1.25b (down 4.0% from 2Q 2025). Profit margin: 12% (down from 13% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Tillkännagivande • Oct 10
Tanla Platforms Limited to Report Q2, 2026 Results on Oct 17, 2025 Tanla Platforms Limited announced that they will report Q2, 2026 results on Oct 17, 2025 New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Price Target Changed • Jul 29
Price target increased by 11% to ₹677 Up from ₹608, the current price target is an average from 3 analysts. New target price is 5.4% above last closing price of ₹642. Stock is down 34% over the past year. The company is forecast to post earnings per share of ₹38.10 for next year compared to ₹37.76 last year. Tillkännagivande • Jul 17
Tanla Platforms Limited (NSEI:TANLA) announces an Equity Buyback for 2,000,000 shares, representing 1.49% for INR 1,750 million. Tanla Platforms Limited (NSEI:TANLA) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 1.49% of its issued share capital, for INR 1,750 million. The program will be conducted at a price of INR 875 per share. The purpose of the program is to return surplus funds to shareholders. The source of funding will be from the free reserves of the company. As of March 31, 2025, the company had 134,617,359 shares in issue. Tillkännagivande • Jul 15
Tanla Platforms Limited to Report Q1, 2026 Results on Jul 24, 2025 Tanla Platforms Limited announced that they will report Q1, 2026 results on Jul 24, 2025 Reported Earnings • Jul 03
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹37.76 (down from ₹40.79 in FY 2024). Revenue: ₹40.3b (up 2.5% from FY 2024). Net income: ₹5.07b (down 7.5% from FY 2024). Profit margin: 13% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 30
Tanla Platforms Limited, Annual General Meeting, Jul 23, 2025 Tanla Platforms Limited, Annual General Meeting, Jul 23, 2025, at 16:00 Indian Standard Time. New Risk • May 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.3% average weekly change). Buy Or Sell Opportunity • May 13
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 6.4% to ₹558. The fair value is estimated to be ₹453, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 9.8% per annum. Earnings are also forecast to grow by 8.5% per annum over the same time period. Reported Earnings • Apr 25
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹37.76 (down from ₹40.79 in FY 2024). Revenue: ₹40.3b (up 2.5% from FY 2024). Net income: ₹5.07b (down 7.5% from FY 2024). Profit margin: 13% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Tillkännagivande • Apr 25
Tanla Platforms Limited Declares Second Interim Dividend for the Financial Year 2024-25, Payable on or Before May 30, 2025 Tanla Platforms Limited announced that at the board meeting held on April 24, 2025, has declared second interim dividend of INR 6/- (i.e., 600%) per Equity Share, of face value of INR 1/- each for the financial year 2024-25. Pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015, the Company has fixed April 30, 2025, as the Record Date for determining entitlement of Members for the second interim dividend for the financial year 2024-25. The payment of interim dividend shall be made on or before May 30, 2025. Tillkännagivande • Apr 15
Tanla Platforms Limited to Report Q4, 2025 Results on Apr 24, 2025 Tanla Platforms Limited announced that they will report Q4, 2025 results on Apr 24, 2025 New Risk • Mar 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹520, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 25x in the Software industry in India. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹540 per share. Buy Or Sell Opportunity • Feb 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 38% to ₹437. The fair value is estimated to be ₹547, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 2.7%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 12% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹549, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 33x in the Software industry in India. Total loss to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹498 per share. Declared Dividend • Jan 23
Dividend of ₹6.00 announced Dividend of ₹6.00 is the same as last year. Ex-date: 27th January 2025 Payment date: 20th February 2025 Dividend yield will be 1.9%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 58% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 22
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ₹8.82 (down from ₹10.42 in 3Q 2024). Revenue: ₹10.0b (flat on 3Q 2024). Net income: ₹1.19b (down 15% from 3Q 2024). Profit margin: 12% (down from 14% in 3Q 2024). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Tillkännagivande • Jan 21
Tanla Platforms Limited Approves the Interim Dividend for the Fiscal Year 2024-25, Payable on or Before February 20, 2025 Tanla Platforms Limited informed that, the Board of Directors of the Company, at its meeting held on January 21, 2025, considered and approved the
decalration of interim dividend for the Fiscal Year 2024-25 at the rate of INR 6/- per equity share (i.e., 600%) of face value INR 1/- each. Further, the `Record Date' for determining the eligibility of shareholders for payment of the said interim dividend, as declared by the Board shall be January 27, 2025. The payment of interim dividend shall be made on or before February 20, 2025. Tillkännagivande • Jan 07
Tanla Platforms Limited to Report Q3, 2025 Results on Jan 21, 2025 Tanla Platforms Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Jan 21, 2025 Reported Earnings • Oct 18
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: ₹9.70 (down from ₹10.60 in 2Q 2024). Revenue: ₹10.0b (flat on 2Q 2024). Net income: ₹1.30b (down 8.7% from 2Q 2024). Profit margin: 13% (down from 14% in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 17
Price target decreased by 9.9% to ₹1,152 Down from ₹1,279, the current price target is an average from 3 analysts. New target price is 34% above last closing price of ₹857. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₹44.97 for next year compared to ₹40.79 last year. Tillkännagivande • Oct 10
Tanla Platforms Limited Announces Appointment of François Ortalo-Magné to Its Board of Directors Tanla Platforms Limited announced the appointment of François Ortalo-Magné, Executive Dean (External Relations) & Professor of Management Practice at London Business School (LBS), to its board of directors. Before taking on his current role as Executive Dean, François served as the Dean and Chief Executive Officer of LBS, where he led the institution through pivotal transformations, including a strategic rebranding and remarkable financial recovery in the wake of the pandemic. Under his leadership, LBS launched initiatives that raised £30 million in scholarships to advance gender and socio-economic equity. His vision for innovation and transformation not only reshaped the school's approach to education but also cemented its position among the world's top-ranked business schools, with a steadfast commitment to diversity and inclusion. François Ortalo-Magné. holds a Ph.D. in Economics from the University of Minnesota and has held various leadership roles, including at the University of Wisconsin-Madison and the Graduate Management Admission Council (GMAC). He is known for his ability to foster collaboration, inspire creativity, and lead organizations toward transformative growth. With the addition of François Ortalo-Magné, the Tanla board now consists of six members. Tillkännagivande • Oct 09
Tanla Platforms Limited to Report Q2, 2025 Results on Oct 17, 2024 Tanla Platforms Limited announced that they will report Q2, 2025 results at 4:00 PM, Indian Standard Time on Oct 17, 2024 Tillkännagivande • Jul 26
Tanla Platforms Limited Approves Final Dividend for the Financial Year Ended March 31, 2024 Tanla Platforms Limited announced that at the AGM held on July 25, 2024 approved a final dividend of INR 6/- per equity share of INR 1/- each for the financial year ended March 31, 2024. Upcoming Dividend • Jul 11
Upcoming dividend of ₹6.00 per share Eligible shareholders must have bought the stock before 18 July 2024. Payment date: 24 August 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.3%. Within top quartile of Indian dividend payers (1.1%). In line with average of industry peers (1.2%). Tillkännagivande • Jul 10
Tanla Platforms Limited to Report Q1, 2025 Results on Jul 18, 2024 Tanla Platforms Limited announced that they will report Q1, 2025 results on Jul 18, 2024 Reported Earnings • Jul 06
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: ₹40.79 (up from ₹33.30 in FY 2023). Revenue: ₹39.3b (up 17% from FY 2023). Net income: ₹5.48b (up 23% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jul 01
Tanla Platforms Limited, Annual General Meeting, Jul 25, 2024 Tanla Platforms Limited, Annual General Meeting, Jul 25, 2024, at 16:00 Indian Standard Time. Tillkännagivande • Jun 18
Tanla Platforms Limited Announces Chief Financial Officer Changes Tanla Platforms Limited announced that at the board meeting held on June 15, 2024, the company approved appointment of Mr. Abhishek Jain as the Chief Financial Officer of the Company with effect from August 01, 2024. Mr. Aravind Viswanathan will continue in the current role of CFO for the closure of financials of quarter ending June 30, 2024 and upcoming Annual General Meeting and will cease to be the CFO and KMP with effect from July 31, 2024. Abhishek has close to 2 decades of experience in finance function and has handled a variety of roles across Business finance, M&A Integration & divesture, Operations, Controllership, Investor relations, Treasury and FP&A. He is the current head of Financial Planning & Analysis for Wipro Limited, where he has worked in different roles from 2006. He has received multiple recognition including `Best IR professional' in Sell-side Institutional Investor (ex-Japan) rankings for Technology & IT Services in 2022 and 2023. Abhishek is a Chartered Accountant by qualification. Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: ₹40.79 (vs ₹33.30 in FY 2023) Full year 2024 results: EPS: ₹40.79 (up from ₹33.30 in FY 2023). Revenue: ₹39.7b (up 18% from FY 2023). Net income: ₹5.48b (up 23% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Apr 16
Tanla Platforms Limited to Report Q4, 2024 Results on Apr 25, 2024 Tanla Platforms Limited announced that they will report Q4, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹805, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 33x in the Software industry in India. Total loss to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹558 per share. Upcoming Dividend • Jan 29
Upcoming dividend of ₹6.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 05 February 2024. Payment date: 22 February 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (1.2%). Tillkännagivande • Jan 24
Tanla Platforms Limited Approves Interim Dividend Tanla Platforms Limited at its board meeting held on January 23, 2024 approved interim dividend of 600% i.e., INR 6.00 (Rupees Six only) per equity share of INR 1/- each on the equity share capital of the Company and fixed February 05, 2024 as Record Date for the purpose of determining the entitlement of the shareholders for the payment of Interim Dividend. Tillkännagivande • Jan 10
Tanla Platforms Limited to Report Q3, 2024 Results on Jan 23, 2024 Tanla Platforms Limited announced that they will report Q3, 2024 results at 4:00 PM, Indian Standard Time on Jan 23, 2024 Tillkännagivande • Jan 08
Tanla Platforms Limited Appoints Dr. RS Sharma to Board of Directors Tanla Platforms Limited announced the appointment of former TRAI Chairman Dr. RS Sharma to its board of directors, bringing the total number of directors on Tanla's Board to 7. Dr. Sharma had a distinguished career in the Government of close to five decades driving India's digital transformation. He was Chairman of the TRAI (Telecom Regulatory Authority of India) between 2015 to 2020 and his tenure was marked by initiatives promoting net neutrality and consumer rights. Over the years, he has spearheaded multiple Government initiatives. As Chairman of the Empowered Group of COVID vaccine Administration (EGVAC), Dr. Sharma steered the design and roll out of Co-Win - the digital backbone of vaccination drive in India, which won international acclaim. As the CEO of National Health Authority (NHA), he was instrumental in implementing two health initiatives of the Government of India, Ayushman Bharat Jan Arogya Yojana (AB PM-JAY) and Ayushman Bharat Digital Mission (ABDM). He is also best known for the role he played as Director General & Mission Director of the UIDAI (Unique Identification Authority of India) in the years 2009 - 2013. An Indian Administrative Service officer since 1978, Dr Sharma holds a PhD in Management and Public Policy from Indian Institute of Technology, New Delhi, Masters in Computer Sciences from the University of California, USA and Masters in Mathematics from the Indian Institute of Technology, Kanpur. Dr Sharma also holds an LLB degree. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,085, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 32x in the Software industry in India. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹521 per share. Reported Earnings • Oct 20
Second quarter 2024 earnings released: EPS: ₹10.60 (vs ₹8.14 in 2Q 2023) Second quarter 2024 results: EPS: ₹10.60 (up from ₹8.14 in 2Q 2023). Revenue: ₹10.1b (up 19% from 2Q 2023). Net income: ₹1.43b (up 29% from 2Q 2023). Profit margin: 14% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Oct 11
Tanla Platforms Limited to Report Q2, 2024 Results on Oct 19, 2023 Tanla Platforms Limited announced that they will report Q2, 2024 results on Oct 19, 2023 Tillkännagivande • Sep 07
Tanla Platforms Limited Approves to Declare A Final Dividend Financial Year Ended March 31, 2023 Tanla Platforms Limited announced at the AGM held on September 6, 2023, approved to declare a final dividend of INR 4/- per equity share of INR 1/- each for the financial year ended March 31, 2023. Upcoming Dividend • Aug 23
Upcoming dividend of ₹4.00 per share at 0.4% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 06 October 2023. Payout ratio is a comfortable 12% but the company is paying out more than the cash it is generating. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (1.6%). Tillkännagivande • Aug 05
Tanla Platforms Limited, Annual General Meeting, Sep 06, 2023 Tanla Platforms Limited, Annual General Meeting, Sep 06, 2023, at 17:00 Indian Standard Time. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director Rahul Khanna was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 21
First quarter 2024 earnings released: EPS: ₹10.07 (vs ₹7.40 in 1Q 2023) First quarter 2024 results: EPS: ₹10.07 (up from ₹7.40 in 1Q 2023). Revenue: ₹9.16b (up 14% from 1Q 2023). Net income: ₹1.35b (up 35% from 1Q 2023). Profit margin: 15% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 122% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jul 12
Tanla Platforms Limited to Report Q1, 2024 Results on Jul 20, 2023 Tanla Platforms Limited announced that they will report Q1, 2024 results on Jul 20, 2023 New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (54% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹964, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 24x in the Software industry in India. Total returns to shareholders of 1,322% over the past three years. Recent Insider Transactions • May 24
Insider recently sold ₹3.4m worth of stock On the 17th of May, Sarraju Murthy sold around 5k shares on-market at roughly ₹749 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹3.4m. Insiders have been net sellers, collectively disposing of ₹167m more than they bought in the last 12 months. Recent Insider Transactions • May 13
Insider recently sold ₹3.4m worth of stock On the 11th of May, Ashok Datla sold around 5k shares on-market at roughly ₹688 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹163m more than they bought in the last 12 months. Price Target Changed • May 10
Price target increased by 7.1% to ₹817 Up from ₹763, the current price target is an average from 2 analysts. New target price is 21% above last closing price of ₹676. Stock is down 43% over the past year. The company is forecast to post earnings per share of ₹39.95 for next year compared to ₹33.05 last year. Reported Earnings • Apr 27
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: ₹33.05 (down from ₹39.77 in FY 2022). Revenue: ₹33.5b (up 4.6% from FY 2022). Net income: ₹4.48b (down 17% from FY 2022). Profit margin: 13% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹666, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Software industry in India. Total returns to shareholders of 1,079% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹467 per share. Price Target Changed • Feb 25
Price target decreased by 13% to ₹761 Down from ₹874, the current price target is an average from 2 analysts. New target price is 16% above last closing price of ₹655. Stock is down 57% over the past year. The company is forecast to post earnings per share of ₹32.85 for next year compared to ₹39.77 last year. Recent Insider Transactions • Feb 15
Insider recently sold ₹2.3m worth of stock On the 10th of February, Srinivas Kamoji sold around 4k shares on-market at roughly ₹630 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.0b more than they bought in the last 12 months. Reported Earnings • Jan 23
Third quarter 2023 earnings released: EPS: ₹8.58 (vs ₹11.66 in 3Q 2022) Third quarter 2023 results: EPS: ₹8.58 (down from ₹11.66 in 3Q 2022). Revenue: ₹8.76b (down 1.0% from 3Q 2022). Net income: ₹1.17b (down 26% from 3Q 2022). Profit margin: 13% (down from 18% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jan 21
Price target decreased to ₹874 Down from ₹950, the current price target is an average from 2 analysts. New target price is 25% above last closing price of ₹699. Stock is down 63% over the past year. The company is forecast to post earnings per share of ₹34.40 for next year compared to ₹39.77 last year. Tillkännagivande • Jan 12
Tanla Platforms Limited to Report Q3, 2023 Results on Jan 20, 2023 Tanla Platforms Limited announced that they will report Q3, 2023 results on Jan 20, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rahul Khanna was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 22
Second quarter 2023 earnings released: EPS: ₹8.14 (vs ₹10.04 in 2Q 2022) Second quarter 2023 results: EPS: ₹8.14 (down from ₹10.04 in 2Q 2022). Revenue: ₹8.62b (up 2.4% from 2Q 2022). Net income: ₹1.10b (down 19% from 2Q 2022). Profit margin: 13% (down from 16% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in India. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has increased by 153% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Oct 11
Tanla Platforms Limited to Report Q2, 2023 Results on Oct 20, 2022 Tanla Platforms Limited announced that they will report Q2, 2023 results on Oct 20, 2022 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 16% share price gain to ₹834, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Software industry in India. Total returns to shareholders of 1,346% over the past three years. Tillkännagivande • Aug 27
Tanla Platforms Limited Announces Cessation of Sanjay Baweja as an Independent Director Tanla Platforms Limited announced that pursuant to withdrawal of consent by Mr. Sanjay Baweja, for the re-appointment at the 26th AGM, Mr. Sanjay Baweja ceases to be Director and an Independent Director of the Company with effect from the conclusion of 26th Annual General Meeting of the Company (26th August, 2022), due to completion of his term of appointment. Major Estimate Revision • Aug 18
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from ₹38.4b to ₹36.2b. EPS estimate also fell from ₹46.50 per share to ₹36.90 per share. Net income forecast to shrink 1.8% next year vs 18% growth forecast for Software industry in India . Consensus price target down from ₹1,358 to ₹950. Share price was steady at ₹738 over the past week. Upcoming Dividend • Aug 11
Upcoming dividend of ₹8.00 per share Eligible shareholders must have bought the stock before 18 August 2022. Payment date: 03 September 2022. Payout ratio is a comfortable 5.1% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (1.6%). Recent Insider Transactions • Aug 01
Non-Executive Director recently bought ₹598k worth of stock On the 28th of July, Sanjay Kapoor bought around 1k shares on-market at roughly ₹598 per share. In the last 3 months, they made an even bigger purchase worth ₹1.9m. Despite this recent purchase, insiders have collectively sold ₹1.4b more in shares than they bought in the last 12 months. Reported Earnings • Jul 26
First quarter 2023 earnings released: EPS: ₹7.40 (vs ₹7.68 in 1Q 2022) First quarter 2023 results: EPS: ₹7.40 (down from ₹7.68 in 1Q 2022). Revenue: ₹8.05b (up 28% from 1Q 2022). Net income: ₹1.00b (down 3.9% from 1Q 2022). Profit margin: 13% (down from 17% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 18%, compared to a 23% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has increased by 133% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jul 26
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 50%. The fair value is estimated to be ₹972, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 38% in 2 years. Earnings is forecast to grow by 44% in the next 2 years. Tillkännagivande • Jul 26
Tanla Platforms Limited, Annual General Meeting, Aug 26, 2022 Tanla Platforms Limited, Annual General Meeting, Aug 26, 2022, at 15:00 Indian Standard Time. Tillkännagivande • Jul 15
Tanla Platforms Limited to Report Q1, 2023 Results on Jul 25, 2022 Tanla Platforms Limited announced that they will report Q1, 2023 results on Jul 25, 2022 Recent Insider Transactions • Jun 24
Board Member recently sold ₹34m worth of stock On the 17th of June, Deepak Goyal sold around 32k shares on-market at roughly ₹1,076 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹79m. Insiders have been net sellers, collectively disposing of ₹1.5b more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹1,080, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Software industry in India. Total returns to shareholders of 1,607% over the past three years. Tillkännagivande • May 19
Tanla Platforms Limited Appoints Sunil Bajpai as Chief Trust Officer Tanla Platforms Limited announced the appointment of Mr. Sunil Bajpai as its Chief Trust Officer, effective 19th May 2022. Sunil Bajpai joins the company after working with Government of India for over 30 years, including in Telecom Regulatory Authority of India (TRAI), where he served as Principal Advisor. At Tanla, he will now be responsible for driving exceptional trust standards for the CPaaS ecosystem with specific focus on the consumers of business communication. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹1,177, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 22x in the Software industry in India. Total returns to shareholders of 2,397% over the past three years. Tillkännagivande • May 10
Tanla Introduces Wisely Insights, New Feature that Will Empower Leading Enterprises to Have E2E Visibility of the International Message Life Cycle Tanla Platforms Limited Unveiled "Wisely Insights" a first in the industry feature that will enable access to real time insights for leading enterprises, telcos, regulators, and the government. These rich insights are validated from two independent sitsces blockchain enabled Wisely platform as well as core telecom systems that will result in a multifold increase in end-to-end transparency. At Tanla, its purpose is "EC*2" i.e., "shaping the world of trusted digital experiences to empower customers and enable companies". Its Wisely platform, created in collaboration with Microsoft, is a step further in this direction, allowing the company to serve its purpose better than ever before. Powered by block chain, it ensures complete transparency and is a single sitsce of truth resulting in immutable audit trails and zero dispute settlements, was launched as the exclusive partner to VIL international network earlier this year. To start with, it is making this feature available to all enterprises and suppliers on its exclusive partner VIL's international network (on-net and offnet) through a single API. The feature will be accessible to all stakeholders irrespective of their commercial agreements with Tanla or VIL. Tillkännagivande • May 02
Tanla Platforms Limited's Board Approves Dividend for the Financial Year Ended March 31, 2022 Tanla Platforms Limited's Board approved a final dividend of INR 2 per equity share of Face Value INR 1 each (200%) for the financial year ended March 31, 2022, subject to approval of shareholders at the upcoming Annual General Meeting ('AGM') of the Company, at its Board meeting held on April 29, 2022. Reported Earnings • May 01
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: ₹39.77 (up from ₹25.27 in FY 2021). Revenue: ₹32.2b (up 38% from FY 2021). Net income: ₹5.39b (up 51% from FY 2021). Profit margin: 17% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 28%, compared to a 26% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has increased by 222% per year, which means it is tracking significantly ahead of earnings growth. 
