tonal platform Has delivered stellar returns to its investors over the last 10 years, growing over 23,000 percent in this period. stock jumped around 6 on May 04, 2012 1,436.15 on May 04, 2022, an increase of 23,063 per cent in the period. In comparison, the benchmark Nifty has gained nearly 230 per cent in 10 years.
an investment of 10,000, would have been over 10 years ago 23 lakhs at present
The stock has gained over 65 per cent in the last one year alone.
Tanla Platforms Ltd, formerly Tanla Solutions, is a cloud communications provider company. The company enables businesses to communicate with their customers, stakeholders and intended recipients. It offers products including messaging, voice and Internet of Things.
Cloud-based platforms provide connectivity to enterprises and aggregators with a plug-and-play approach that reduces the delivery time of their end-user communications and continues to provide services in the cloud communications segment of the telecom business.
Going forward, experts believe that the firm will continue to deliver decent returns on the back of strong earnings growth and strong fundamentals. Apart from this, growth in subscriber count and continued growth in messaging volume are some other major positive aspects for the company.
According to the company’s filings on BSE, its revenue grew 32 per cent year-on-year (YoY) 853.1 crore while profit after tax (PAT) grew by 37 per cent year-on-year 140.6 crore in the March 2022 quarter.
Uday Reddy, Founder Chairman and CEO, Tanla continues its excellent track record of growth with over 6x growth in revenue over the last six years. FY22 was a year of financial and business milestones, and we are strong. Entering FY23 with momentum.” Tonal Platform.
Yes Securities noted that there was a generally weaker season in the fourth quarter as compared to the third quarter due to multiple promotional campaigns in the December quarter. It added that the Wily platform coming live is a positive development and will drive revenue growth for the platform segment in FY13.
Furthermore, the brokerage firm said that the adoption of CPaaS-based A2P messaging across industries continues to drive volume growth for both the enterprise and platform segments.
“We expect the EBITDA margin to improve led by the Platform segment (higher gross margin) as compared to the Enterprise segment. We anticipate a revenue CAGR of 26 per cent with an average EBIT margin of 21.4 per cent in FY22-FY24E. We maintain ‘Buy’ rating on the stock with a revised target price of 1,867 per share, on a 30x basis on FY24E EPS,” it said.
On 28 February, the firm announced an exclusive partnership with Truecaller. “Truecaller Business Messaging will be exclusively powered by Tanla’s Wisely CPaaS platform,” the company said in a release. Wisely is one of the largest blockchain-enabled CPaaS platforms in the world, secured by e2e cryptographic encryption.
Disclaimer: This is not an investment advice. Please talk to your SEBI-registered investment advisor before investing.
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