Tanla Platforms Ltd (TANLA) AI Stock Analysis

• Market Cap: ₹67.93B
• Dividend Yield: 3.28%
• Average Volume (3M): 72.64K
• Price to Earnings (P/E): 13.9
• Beta (1Y): 1.38
• Revenue Growth: 3.31%
• EPS Growth: -11.27%
• Country: IN
• Employees: 993
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 9.80
• Shares Outstanding: 132,617,360
• 10 Day Avg. Volume: 44,656
• 30 Day Avg. Volume: 72,645
• PEG Ratio: -1.72
• Price to Book (P/B): 2.85
• Price to Sales (P/S): 1.61
• P/FCF Ratio: 12.57
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹641.00
• Price Target Upside: 20.77% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹527.00 ▼(-0.71% Downside)

Score is driven primarily by strong financial performance (solid profitability, low leverage, and healthy cash generation) and a supportive valuation (modest P/E with a meaningful dividend), partially offset by weak technicals with price below key moving averages and negative MACD.

Positive Factors

Low leverage and strong equity base

Very low leverage and a high equity ratio provide durable financial flexibility, lowering refinancing risk and supporting investment or M&A. A 22% ROE indicates efficient capital use, enabling sustained returns and resilience through industry cycles without heavy debt reliance.

Strong cash generation and FCF growth

High operating cash conversion and near parity of free cash flow to net income signal durable internal funding for capex, product development, and dividends. Consistent FCF growth reduces dependence on external financing and supports long-term strategic initiatives.

Stable profitability and operational efficiency

Margins around 20% for gross and EBIT reflect scalable platform economics and controlled costs, supporting sustainable profitability. Stable margins enable reinvestment in product innovation and sales, preserving competitive positioning in cloud communications over the medium term.

Negative Factors

Modest revenue growth rate

Revenue growth of roughly 6% is modest for a cloud communications provider and may indicate slower market share expansion or maturity in core segments. Over 2–6 months this could constrain scalability benefits and limit the pace of reinvestment versus faster-growing peers.

Negative EPS growth

A declining EPS trend suggests near-term pressure on profitability per share, potentially from margin compression, mix shifts, or one-offs. Persisting EPS contraction can limit retained earnings growth and reduce the company's ability to fund strategic initiatives from internal accruals.

Concentration in messaging/A2P and carrier partnerships

Heavy reliance on A2P messaging volumes and carrier partnerships concentrates revenue risk: regulation, pricing pressure, or contract changes could materially affect cash flow. Limited diversification raises structural vulnerability to industry commoditization and partner leverage.

Tanla Platforms Ltd Business Overview & Revenue Model

Company Description

Tanla Platforms Limited, together with its subsidiaries, provides cloud communication services for mobile operators and enterprises in India and internationally. It offers SMS Campaign Manager, which helps in sending instant messages whether promotional or transactional to all your customers at one go; Two-Factor Authentication; Boomering provides international calling options; and Omni Communication, a platform enables gapless changeover between communication channels for excellent customer journeys and an unsurpassed brand. The company also provides cloud voice services, including Hosted IVR solution that enables enterprises to design, build, and update custom IVR applications using a web interface; Voice Broadcast technology that enables enterprises to initiate and deploy personalized interactive voice broadcasts; Free Ring, a solution for engaging and interactive communications with customers and prospects; and Source Trace, which enables enterprises and agencies to track inbound calls back to the marketing source. In addition, it offers IoT platform, which enables businesses to connect, collect, and curate. Further, it provides Trubloq, a block chain enabled communication platform as a service (CPaaS) stack; and Wisely, which delivers communication services for CPaaS ecosystem. The company was formerly known as Tanla Solutions Limited and changed its name to Tanla Platforms Limited in October 2020. Tanla Platforms Limited was incorporated in 1995 and is headquartered in Hyderabad, India.

How the Company Makes Money

Tanla Platforms generates revenue through multiple key streams, primarily from its messaging services, which include A2P (Application-to-Person) messaging for enterprises needing bulk messaging solutions. The company charges clients based on the volume of messages sent, which constitutes a significant portion of its earnings. Additionally, Tanla earns revenue from its voice services, where it provides telephony solutions to businesses and telecom operators. The company's revenue model is supported by its strategic partnerships with telecom carriers and enterprises, which allow it to offer integrated communication solutions. Furthermore, Tanla has been expanding its portfolio by investing in newer technologies like blockchain and AI, which may open up additional revenue opportunities in the future.

Tanla Platforms Ltd Financial Statement Overview

Summary

Strong overall fundamentals: Income Statement score 85 reflects solid revenue growth and healthy operating efficiency, Balance Sheet score 80 shows low leverage (debt-to-equity 0.03) and strong equity base (67.98%), and Cash Flow score 78 indicates good cash conversion (OCF/net income 1.27) and free cash flow growth (19.35%), with a minor net margin dip noted.

Income Statement

Tanla Platforms Ltd has demonstrated robust revenue growth with a consistent upward trajectory over the years. The gross profit margin for 2025 was approximately 19.90%, indicating efficient cost management. Net profit margin improved to 12.59% in 2025 from 13.96% in 2024, although there was a slight decrease. EBIT margin stood at 19.90%, reflecting strong operational efficiency. Overall, the company shows stable profitability, with a minor dip in net income offset by increasing revenue.

Balance Sheet

The balance sheet of Tanla Platforms Ltd reveals a strong equity position, with an equity ratio of 67.98% in 2025, indicating financial stability. The debt-to-equity ratio is low at 0.03, suggesting minimal reliance on debt financing. Return on Equity (ROE) was 22.36%, showcasing effective utilization of equity to generate profits. The company maintains a healthy balance between liabilities and equity, ensuring a low-risk financial structure.

Cash Flow

The cash flow statement indicates a positive trend in free cash flow, with a growth rate of 19.35% from 2024 to 2025. Operating cash flow to net income ratio was 1.27 in 2025, highlighting strong cash generation relative to earnings. The free cash flow to net income ratio was similarly robust at 1.01, indicating efficient conversion of profits into cash. While the company demonstrates strong cash flow metrics, continued monitoring of capital expenditures and financing activities is advisable.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	41.44B	40.28B	39.28B	33.55B	32.06B	23.41B
Gross Profit	7.80B	8.02B	7.77B	7.03B	7.81B	4.91B
EBITDA	6.96B	6.91B	7.77B	6.16B	7.18B	4.57B
Net Income	4.79B	5.07B	5.48B	4.48B	5.39B	3.56B
Balance Sheet
Total Assets	33.56B	33.38B	30.09B	24.13B	23.95B	16.13B
Cash, Cash Equivalents and Short-Term Investments	8.47B	10.01B	6.62B	7.12B	8.42B	5.37B
Total Debt	581.81M	640.47M	750.39M	825.86M	535.30M	43.49M
Total Liabilities	10.94B	10.69B	10.67B	8.95B	10.41B	7.20B
Stockholders Equity	22.62B	22.68B	19.42B	15.17B	13.54B	8.93B
Cash Flow
Free Cash Flow	1.57B	5.14B	4.31B	906.65M	4.25B	5.29B
Operating Cash Flow	1.74B	6.42B	5.90B	2.47B	4.86B	5.61B
Investing Cash Flow	474.50M	-2.20B	-5.28B	-695.96M	-1.11B	-97.76M
Financing Cash Flow	-2.87B	-2.08B	-1.51B	-3.28B	-974.08M	-1.68B

Tanla Platforms Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 530.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TANLA, the sentiment is Neutral. The current price of 530.75 is above the 20-day moving average (MA) of 489.36, above the 50-day MA of 525.58, and below the 200-day MA of 595.75, indicating a neutral trend. The MACD of -9.97 indicates Negative momentum. The RSI at 53.49 is Neutral, neither overbought nor oversold. The STOCH value of 84.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:TANLA.

Tanla Platforms Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ROUTE	72 Outperform	₹37.46B	21.90	―	1.54%	6.36%	-54.41%
TANLA	69 Neutral	₹67.93B	13.88	―	3.28%	3.31%	-11.27%
NETWEB	67 Neutral	₹178.18B	99.98	―	0.08%	47.18%	38.90%
MASTEK	65 Neutral	₹63.64B	16.77	―	1.62%	11.91%	-1.02%
BSOFT	63 Neutral	₹116.58B	25.06	―	1.42%	-2.00%	-25.81%
HAPPSTMNDS	62 Neutral	₹62.95B	31.77	―	1.26%	21.31%	-16.27%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Tanla Platforms Ltd Corporate Events

Tanla Platforms Publishes Q3 FY26 Earnings Call Recording Online

Tanla Platforms Limited has announced that the recording of its earnings call discussing the unaudited financial results for the quarter and nine months ended December 31, 2025, held on January 23, 2026, has been made available on the company’s website. By publishing the call recording for investors and other stakeholders, Tanla reinforces its disclosure practices and facilitates broader access to management’s commentary on recent financial performance and business developments, supporting transparency and informed decision-making in the market.

Tanla Platforms’ Statutory Auditor Converts to LLP, Continues Tenure

Tanla Platforms Limited has announced that its statutory auditor, M/s. MSKA & Associates, has converted into a Limited Liability Partnership under the Limited Liability Partnership Act, 2008, and will henceforth be known as M S K A & Associates LLP, effective January 13, 2026. The firm will continue to act as Tanla’s statutory auditor for the remainder of its existing tenure, indicating that the change in legal status is organizational in nature and is not expected to disrupt the company’s audit processes or financial reporting continuity, thereby providing stability and clarity for investors and other stakeholders.

Tanla Platforms Announces Merger Approval of Subsidiaries

Tanla Platforms Limited has announced an update regarding the merger of its wholly-owned subsidiary, Karix Mobile Private Limited, with its step-down subsidiary, Gamooga Softtech Private Limited. The merger has received approval from the Regional Director of the South East Region in Hyderabad, with the appointed date set for April 1, 2025, and the effective date being November 27, 2025. This merger is expected to streamline operations within Tanla Platforms, potentially enhancing its market positioning and operational efficiency.

Tanla Platforms to Participate in Anand Rathi G-200 Summit

Tanla Platforms Ltd has announced its participation in the Anand Rathi G-200 Summit, an annual flagship conference scheduled for November 14, 2025. This engagement with institutional investors and analysts is part of the company’s strategy to strengthen its market presence and investor relations, although no unpublished price-sensitive information will be disclosed during the meeting.