T

Tanla Platforms Limited

TANLANSE
Market snapshot · 2026-08-11 03:47 UTC

640.00

+₹7.90 (+1.25%)

MARKET CAP

₹8.46K Cr

STOCK P/E

15.5x

52W HIGH

₹766.00

52W LOW

₹365.90

BOOK VALUE

₹187.61

EPS

₹41.40

ROE

SECTOR

Information Technology

DEBT/EQUITY

2.12

VOLUME

58,486

P/B RATIO

3.41x

PEG RATIO

0.70

Sector

Information Technology

Themes

Software ServicesFintech
D
Dividend
E
Earnings
₹738.04₹652.04₹566.03₹480.03₹394.02VolumeEDEDEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Tanla Platforms is an information technology company providing cloud communication platforms to enterprises. Wisely drives API-led digital interactions, while messaging-as-a-platform and Surbo support automated business communications. Trubloq, Wisely Anti-Phishing, and Wisely Consent address spam protection, phishing prevention, and regulatory compliance. Revenue grew 9.7% year-on-year, but the available update offers no operating catalyst beyond continued platform adoption. Profit growth was only 0.4%, despite stable margins, indicating limited earnings conversion from topline expansion. ROE is unavailable, while debt-to-equity of 2.12 implies leverage can amplify reported returns and financial risk. At 15.3 times earnings, valuation appears fair relative to the sector, rather than demanding a growth premium. The open question is whether Wisely-led security and consent products can accelerate profit growth without increasing leverage or compressing margins.

Valuation Metrics

Trading 1.5% below historical median. Valuation is stable — currently in the undervalued zone (z-score: -0.34). Confidence: 72%.

Live forward EPS implies next-12-month EPS of ₹44.75. Applying the stock's normalized valuation corridor produces a fair range of ₹578.17 to ₹961.68, with base value near ₹702.57 (+9.8% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹44.75

Forward P/E

14.3x

Base Fair Value

₹702.57

Fair Range

₹578.17 - ₹961.68

Upside To Base

+9.8%

Estimate Source

Live forward EPS

Growth Estimate

+22.2%

P/E
Undervalued

5Y Average

19.35

Current

15.46

Overvalued

21.49

Undervalued

12.92

P/S
Strongly Undervalued

5Y Average

2.30

Current

1.84

Overvalued

2.64

Undervalued

1.95

EV/EBITDA
Strongly Undervalued

5Y Average

13.61

Current

10.87

Overvalued

15.86

Undervalued

10.28

Peers & Comparison

Sector: Information Technology · Theme: Software Services

Software Services Peers8 peers
Avg P/E: 51.8x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
BLACK BOX LIMITED
BBOXSoftware Services
+9.5%3.4%
59.8x
Premium
+15% vs avg
+49.6%
TATA ELXSI LIMITED
TATAELXSISoftware Services
+14.5%16.7%
36.1x
Undervalued
-30% vs avg
-32.2%
C.E. INFO SYSTEMS LIMITED
MAPMYINDIASoftware Services
+14.9%28.0%
40.3x
Undervalued
-22% vs avg
-44.9%
CYIENT LIMITED
CYIENTSoftware Services
+21.3%5.0%
25.1x
Undervalued
-52% vs avg
-26.5%
NEWGEN SOFTWARE TECH LTD
NEWGENSoftware Services
+11.2%19.5%
25.4x
Undervalued
-51% vs avg
-35.0%
L&T TECHNOLOGY SER. LTD.
LTTSSoftware Services
+2.6%11.7%
29.7x
Undervalued
-43% vs avg
-14.1%
RATEGAIN TRAVEL TECHN LTD
RATEGAINSoftware Services
+188.8%10.5%
56.8x
Fair
+10% vs avg
+99.1%
PINE LABS LIMITED
PINELABSSoftware Services
+19.6%4.5%
140.8x
Premium
+172% vs avg
-35.5%
WHY THESE PEERS

TANLA PLATFORMS LIMITED trades at a discount (15.3x vs peer avg 51.8x), suggesting potential undervaluation relative to the Software Services cohort. Peers include BLACK BOX LIMITED, TATA ELXSI LIMITED, C.E. INFO SYSTEMS LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹215 CrMar 2026

Latest net profit

₹3.89 CrMar 2026

Latest EPS

₹0.29Mar 2026

Net margin

-0.4%Mar 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26-0.9%0.0%0.9%1.9%2.9%0.00 Cr55 Cr110 Cr165 Cr220 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr55 Cr110 Cr165 Cr220 Cr₹0₹4₹8₹12₹16
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit-75 Cr0.00 Cr75 Cr150 Cr225 Cr

Latest reported period: Mar 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
202120222023202420250.00 Cr75 Cr150 Cr225 Cr300 Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales255247238263264240223204187167169193215
Expenses235233228252242217205195184160166190215
Operating Profit18.2512.118.478.6119.520.5316.227.630.394.751.721.2-0.95
OPM %7.15%4.9%3.55%3.28%7.4%8.56%7.27%3.73%0.21%2.85%1.02%0.62%-0.44%
Other Income2.262.156.714.174.767.0887.396.8220454.256.8284.0910.66
Interest0.096.276.276.26.26.276.273.873.213.253.253.18
Depreciation1.711.751.812.052.042.032.092.082.061.881.841.831.77
Profit before tax20.4214.2158.916.4488.0621.4197.348.1820055.795.2982.046.53
Tax %19.74%26.32%3.75%28.88%8.11%20.5%4.21%36.8%0.7%6.31%40.64%2.88%40.43%
Net Profit16.3910.4756.74.5880.9217.0293.245.1719952.273.1479.683.89
EPS in Rs1.340.784.220.336.021.276.940.3914.813.890.246.030.29

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters44.10%45.49%46.17%46.17%46.17%
FII10.39%7.31%9.06%8.34%7.60%
DII1.04%1.18%1.23%0.77%0.75%
Public36.81%37.93%35.67%36.89%37.40%
Others7.66%8.09%7.87%7.83%8.08%
Mar 2026
Promoters
FII
DII
Public
Others