Buy Tanla Platforms, target price Rs 920: Geojit

Geojit has buy call on Tanla Platforms with a target price of Rs 920. The current market price of Tanla Platforms Ltd. is Rs 705.

Tanla Platforms Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 9610.78 Crore) operating in IT Software sector.

Tanla Platforms Ltd. key Products/Revenue Segments include Software Services for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 862.12 Crore, up 7.14 % from last quarter Total Income of Rs 804.64 Crore and up 2.05 % from last year same quarter Total Income of Rs 844.76 Crore. Company reported net profit after tax of Rs 110.45 Crore in latest quarter.

Investment Rationale
The brokerage expects earnings to grow at a 21% CAGR during FY23–25E. Hence, it values Tanla at 19x FY25E with a target price of Rs. 920 per share and recommend a Buy rating.


Promoter/FII Holdings
Promoters held 43.74 per cent stake in the company as of 30-Jun-2022, while FIIs owned 14.83 per cent, DIIs 1.4 per cent.