Marquee investor checks in to Tanla platforms; tracking its journey from Rs. 70 to Rs. 430

Опубликовано: 03 Октябрь 2024
на канале: ET NOW

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Here's a small cap stock that has been a big multi bagger for stock spotters. Tanla solutions has surged 520% so far this year, rallying from Rs. 70 to now Rs. 430. And noted investor Akash Prakash's Amansa and foreign investor Capital group seem to be taking note. The 2 firms have bought around 40 lk and 86 lk shares of the company this week.
The company provides messaging, voice ans IoT solutions alongwith cloud communication solutions. A business model similar to Route Mobile or Affle India. It has recently forayed into the fast growing mobile advertising segment with the acquisition of Gamooga. The June quarter revenue stood at Rs. 450 cr. It's operating margins have steadily improved from 8% in June-2019 to 16% in June-2020. The company posted a loss in the March-2020 quarter as it shifted it's depreciation policy post regulatory changes.
Interestingly, Route and Tanla have similar business models, revenues and margins but Tanla is significantly undervalued comparitively. This rally may perhaps be the latter playing catch up.
Another booster shot is the steady increase in the promoter shareholding. The company did a buyback at Rs. 81/share earlier this year. Promoter shareholding has gone up from 32% to 39.6%, another and one of the best indications of confidence in the business.

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