Employees: 1,114
Size Tanla Platforms (TANLA.NS) is an India Information Technology company (Information Technology Services) with a market value of $915M, the 622nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹651.50 on 6 Nov 2026.
Performance Over six months the shares gained 13.5%, against -3.6% for the median peer and 0.0% for the India market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 17.7% over the last twelve months (peer median +3.9%); the operating margin is 13.6% (peer median 0.8%).
Valuation It trades at 14.6× forward earnings against a peer median of 16.1× (4th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 9.9 points above its cost of capital (18.2% WACC).
Next results Next results expected around 26 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹48.8B | ₹44.2B | ₹40.3B | ₹39.3B | ₹33.5B |
| Revenue growth | — | +10% | +3% | +17% | — |
| Gross profit | ₹8.46B | ₹7.51B | ₹7.02B | ₹7.76B | ₹6.42B |
| EBITDA | ₹7.98B | ₹7.51B | ₹7.07B | ₹7.51B | ₹6.07B |
| Net income | ₹5.54B | ₹5.09B | ₹5.07B | ₹5.48B | ₹4.48B |
| Free cash flow | ₹7.97B | ₹5.63B | ₹5.93B | ₹4.31B | ₹907M |
| Capital expenditure | ₹183M | ₹977M | ₹1.28B | ₹1.59B | ₹1.56B |
| Total debt | ₹750M | ₹527M | ₹640M | ₹750M | ₹826M |
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| Measure | TANLA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +31.7% | -1.4% | 4th highest of 21 |
| 6-month return | +13.5% | -3.6% | 9th highest of 21 |
| Distance from 52-week high | -4.4% | -42.0% | 2nd highest of 21 |
| Revenue growth (TTM) | +17.7% | +3.9% | 3rd highest of 21 |
| Operating margin | 13.6% | 0.8% | 5th highest of 21 |
| Forward P/E | 14.6× | 16.1× | 4th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 15.0% | 11.3% | 5th most demanding of 14 |
| Growth delivered (Del g) | +13.5% | +11.9% | 6th highest of 14 |
| Hurdle (Req g minus delivered) | +1.5 pp | +2.3 pp | 7th least demanding of 14 |
| ROIC minus cost of capital | +9.9 pp | -4.2 pp | 5th highest of 20 |
| EV / EBITDA | 9.6× | 10.1× | 3rd cheapest of 8 |
| Net debt / EBITDA | -1.2× | 0.6× | 3rd least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tanla Platforms TANLA.NS | India | $915M | +14% | +18% | 14% | 14.6× | 15.0% | +13.5% |
| ArcherMind Technology 300598.SZ | China | $906M | -24% | +7% | -5% | n/a | n/a | n/a |
| Asseco South Eastern Europe ASE.WA | Poland | $940M | +20% | +7% | 16% | 16.0× | -0.9% | +11.9% |
| Insigma Technology 600797.SS | China | $943M | -28% | -13% | 0% | n/a | 20.0% | -2.9% |
| 4DMedical 4DX.AX | Australia | $952M | -33% | +21% | -814% | n/a | n/a | n/a |
| Nanjing Sciyon Wisdom Technology 002380.SZ | China | $957M | -22% | +7% | 12% | 16.2× | 11.3% | +17.4% |
| Strait Innovation Internet 300300.SZ | China | $964M | -23% | -8% | -66% | n/a | n/a | n/a |
| Chutian Dragon 003040.SZ | China | $869M | -15% | -23% | -7% | 40.5× | n/a | n/a |
| Addnode ANOD-B.ST | Sweden | $859M | +35% | +5% | 10% | 16.0× | 4.5% | +8.8% |
| Shanghai Ganglian E-Commerce 300226.SZ | China | $979M | -21% | +1% | 0% | 19.9× | 6.1% | +3.9% |
| Rapid7 RPD | United States | $989M | +113% | 0% | 2% | 7.7× | 21.4% | +15.9% |
| Shenzhen Das Intellitech 002421.SZ | China | $996M | +5% | -17% | -17% | n/a | 14.8% | -8.8% |
| MediaAlpha MAX | United States | $841M | +56% | +15% | 7% | 12.1× | -0.7% | +13.7% |
| Beijing Watertek Information Technology 300324.SZ | China | $834M | -35% | -44% | -32% | n/a | n/a | n/a |
| Global Security Experts 4417.T | Japan | $822M | +239% | +25% | 21% | 50.8× | 34.4% | +30.2% |
| Qiming Information Technology 002232.SZ | China | $822M | -24% | -4% | 1% | n/a | n/a | n/a |
| Systena 2317.T | Japan | $1.02B | +4% | +6% | 16% | 14.5× | -10.9% | +9.2% |
| GFT Technologies GFT.DE | Germany | $819M | +35% | +3% | 6% | 16.2× | 3.7% | +14.8% |
| China Reform Health Management & Services 000503.SZ | China | $1.03B | -11% | +6% | -45% | n/a | n/a | n/a |
| Memsensing Microsystems (Suzhou China) 688286.SS | China | $807M | +46% | -7% | -6% | 104.5× | 48.4% | +13.4% |
| OneSpan OSPN | United States | $797M | +77% | +5% | 18% | 16.1× | 14.6% | +2.4% |