Tanla Platforms Ltd - Stock Valuation and Financial Performance

BSE: 532790 | NSE: TANLA | IT - Software | Small Cap

Tanla Platforms Share Price

1,002 16.50 1.67%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Tanla Platforms

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Tanla Platforms stock performance -

mw4me loader
P/E Ratio (CD):
24.61
Market Cap:
13,251 Cr.
52-wk low:
565
52-wk high:
1,317.7

Is Tanla Platforms Ltd an attractive stock to invest in?

1. Is Tanla Platforms Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tanla Platforms Ltd is a average quality company.

2. Is Tanla Platforms Ltd undervalued or overvalued?

The key valuation ratios of Tanla Platforms Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Tanla Platforms Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Tanla Platforms Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Tanla Platforms:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tanla Platforms Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -2.3%0.4%1.6%6.3%2.6%3.6%-22.6%44.7%48.5%32%-
Value Creation
Index
-1.2-1.0-0.9-0.6-0.8-0.7-2.62.33.31.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1052424325797921,0041,9432,3413,2063,3553,756
Sales YoY Gr.-131.8%78%34.2%36.7%26.8%93.5%20.5%36.9%4.6%-
Adj EPS -1.40.213.81.62.3-11.926.1403440
YoY Gr.-NA361.9%290.7%-59.1%45.8%-625.2%NA53.1%-14.9%-
BVPS (₹) 59.361.263.660.460.961.947.365.599.1111140.4
Adj Net
Profit
-142.19.940.817.426.2-173355542457539
Cash Flow from Ops. 38.850.992.771.632.3-30.4239561486247-
Debt/CF from Ops. 00000-20000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 47%33.5%20%4.6%
Adj EPS NA85.5%NA-14.9%
BVPS7.2%12.8%32.8%12%
Share Price 70.3% 87.1% 2.3% 66.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-2.30.31.56.22.63.7-24.344.548.331.831.9
Op. Profit
Mgn %
34.431.616.29.88.39.91018.6221819.7
Net Profit
Mgn %
-13.40.92.372.22.6-8.915.216.913.614.3
Debt to
Equity
000000.10000-
Working Cap
Days
3481981419510714710910810512290
Cash Conv.
Cycle
21447-212-997-822-727-117-1,034-1,164-1,08144

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.97%

Sales growth is good in last 4 quarters at 11.35%

Return on Equity has declined versus last 3 years average to 31.90%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Tanla Platforms Ltd.

Standalone Consolidated
TTM EPS (₹) 6.6 40
TTM Sales (₹ Cr.) 1,004 3,756
BVPS (₹.) 43.8 140.4
Reserves (₹ Cr.) 575 1,875
P/BV 22.52 7.02
PE 150.49 24.61
From the Market
52 Week Low / High (₹) 565.00 / 1317.70
All Time Low / High (₹) 2.42 / 2094.40
Market Cap (₹ Cr.) 13,251
Equity (₹ Cr.) 13.5
Face Value (₹) 1
Industry PE 34.2

Management X-Ray of Tanla Platforms:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Tanla Platforms

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1052424325797921,0041,9432,3413,2063,355
Operating Expenses 691663655237269071,7571,9072,5042,764
Manufacturing Costs0111112100
Material Costs0000000000
Employee Cost 10101214142310986127134
Other Costs 591563535087118841,6461,8202,3772,630
Operating Profit 367666566697186435702590
Operating Profit Margin (%) 34.4%31.5%15.3%9.7%8.3%9.7%9.6%18.6%21.9%17.6%
Other Income 3251251112221626
Interest 0010007234
Depreciation 847653205773378404146
Exceptional Items -1000000-49000
Profit Before Tax -26514391333-237415674567
Tax -736-2-64-2659135119
Profit After Tax -2037411930-211356539448
PAT Margin (%) -19.0%1.1%1.7%7.1%2.4%3.0%-10.9%15.2%16.8%13.3%
Adjusted EPS (₹)-2.00.30.73.81.72.6-14.526.239.733.3
Dividend Payout Ratio (%)0%0%28%7%18%14%0%8%5%30%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 6026216466496847156918911,3451,492
Share Capital 10101011111215141413
Reserves 5926116356396737046768771,3311,478
Minority Interest0000000000
Debt00000600000
Long Term Debt00000470000
Short Term Debt00000130000
Trade Payables105188123237202281506679539
Others Liabilities 561511-2113161172319346
Total Liabilities 6176797487849191,0901,1321,5702,3422,376

Fixed Assets

Gross Block337323594805274907788028881,113
Accumulated Depreciation18022881875141520545583630
Net Fixed Assets1579551462452350257257305484
CWIP 36136549924061365464
Investments 50000750000
Inventories23272922000000
Trade Receivables3514583114206308326373560570
Cash Equivalents 193051133165155201584862712
Others Assets1618352897196335349561547
Total Assets 6176797487849191,0901,1321,5702,3422,376

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3951937232-30239561486247
PBT -26514391333-187415674567
Adjustment 637269205569422245158
Changes in Working Capital 2-261113-35-13349179-122-235
Tax Paid 000000-45-56-116-143
Cash Flow From Investing Activity -44-40-73-5-5-54-126-10-111-70
Capex -74-42-73-7-912-211-32-62-156
Net Investments 220000-7674000
Others 82024101122-4986
Cash Flow From Financing Activity 00615574-67-168-97-328
Net Proceeds from Shares 00013-41811810
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 00-20-3-3-5-14-14-109
Others 00821359-63-173-85-219
Net Cash Flow -511268232-1046384278-151
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-3.260.421.146.322.874.26-30.0345.0248.2331.56
ROCE (%)-4.30.972.2261.934.61-30.952.360.2739.71
Asset Turnover Ratio0.170.370.60.760.9311.751.731.641.42
PAT to CFO Conversion(x)N/A1713.291.761.68-1N/A1.580.90.55
Working Capital Days
Receivable Days2071359662749360545361
Inventory Days81382416000000
Payable Days0000000000

Tanla Platforms Ltd Stock News

Tanla Platforms Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tanla Platforms on 12-Apr-2024 10:20 is ₹1,002.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 10:20 the market cap of Tanla Platforms stood at ₹13,251.
The latest P/E ratio of Tanla Platforms as of 12-Apr-2024 10:20 is 150.5.
The latest P/B ratio of Tanla Platforms as of 12-Apr-2024 10:20 is 22.52.
The 52-week high of Tanla Platforms is ₹1,317.7 and the 52-week low is ₹565.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tanla Platforms is ₹1,004 ( Cr.) .

About Tanla Platforms Ltd

Tanla Solutions (TANLA), founded in 1999, is engaged in providing integrated telecom infrastructure solutions and products.The company offers telecom products like SMSC, optimal routing solution, SS7 voice mail server, welcome roamer, high density media servers, multiple MSISDN, CRBT, missed call alert, SMS direct broadcast, and prepaid roaming gateway; automatic vehicle location, which provides instantaneous location information of a vehicle; and the Power AMR 101, an automated power reading device which provides instantaneous data of customer usage. The company provides offshore services including project management, application development and integration, technical support and technical consulting. The software development center is located in Hyderabad, Andhra Pradesh. The company has acquired a software development company in New Delhi.

Through Mobizar, a wholly owned subsidiary, the company has direct connections to all UK network operators and offers a range of SMS, MMS, WAP and 3G services. Tanla Mobile, another subsidiary, provides an extensive portfolio of mobile solutions for content and brand owners, marketing and digital agencies, media channels, retailers and corporate businesses to entertain and communicate with customers. It has entered the UK, Ireland, US and Singapore markets with revenue sharing agreements with O2, 3, Meteor and Vodafone and an exclusive agreement with Breathe in the UK for powering internet SMS to UK customers.

The company is ISO 9001:2000 and ISO 27001 certified and working towards getting CMMi Level 3 certification in software design, delivery, product and system integration. It has partnerships with Intel, Brooktrout Technology, Wavecom, Novell, Texas Instruments, and Telesoft Technologies. The client list of the company includes Reliance, BPL, Hexacom, Airtel and Essar.

The company`s registered office is at Tanla Technology Centre, Hitech City Road, Madhapur, Hyderabad-500081.

Products and services

The company provides two kinds of products such as VAS and Telco Products. Under VAS company provides various products and services such as campaign management, broadcast manager, content management system, interactive TV and WAP builder.

Under Telco, it provides various products and services such as SMSC, caller ringback tones, USSD, video dialers, voice portals, voicemails services, call management services and missed call alert.

Recently, Tanla Solutions implemented its 3G video platform with a suite content services including ongoing world cup cricket match videos for all Reliance 3G mobile subscribers across their presently live 6 circles in India.

Tanla Solutions has been granted patents by the Indian patent office for its automated meter reading (AMR) system and method thereof, the company has secured patent from Singapore Patent Office.

In March 2011 Tanla Solutions launched "TPAYmobile.com" , a cross platform on device mobile payment service for mobile applications and games. Through a single integration with TPAYmobile, developers ability to charge through Credit & Debit cards globally.

 

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