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TANLA PLATFORMS 2021-22 Annual Report Analysis
Sun, 7 Aug

TANLA PLATFORMS has announced its results for the year ended March 2022. Let us have a look at the detailed performance review of the company during FY21-22.

TANLA PLATFORMS Income Statement Analysis

  • Operating income during the year rose 36.9% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 61.5% YoY during the fiscal. Operating profit margins witnessed a fall and down at 21.9% in FY22 as against 18.6% in FY21.
  • Depreciation charges increased by 3.3% and finance costs increased by 35.4% YoY, respectively.
  • Other income declined by 26.5% YoY.
  • Net profit for the year grew by 51.4% YoY.
  • Net profit margins during the year grew from 15.2% in FY21 to 16.8% in FY22.

TANLA PLATFORMS Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 23,415 32,060 36.9%
Other income Rs m 219 161 -26.5%
Total Revenues Rs m 23,634 32,221 36.3%
Gross profit Rs m 4,347 7,019 61.5%
Depreciation Rs m 396 409 3.3%
Interest Rs m 23 31 35.4%
Profit before tax Rs m 4,148 6,741 62.5%
Tax Rs m 586 1,348 130.0%
Profit after tax Rs m 3,561 5,393 51.4%
Gross profit margin % 18.6 21.9
Effective tax rate % 14.1 20.0
Net profit margin % 15.2 16.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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TANLA PLATFORMS Balance Sheet Analysis

  • The company's current liabilities during FY22 stood at Rs 10 billion as compared to Rs 7 billion in FY21, thereby witnessing an increase of 39.3%.
  • Current assets rose 49% and stood at Rs 19 billion, while fixed assets rose 56% and stood at Rs 5 billion in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 24 billion as against Rs 16 billion during FY21, thereby witnessing a growth of 50%.

TANLA PLATFORMS Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 8,911 13,450 50.9
 
Current Liabilities Rs m 7,093 9,879 39.3
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 15,698 23,551 50.0
 
Current assets Rs m 12,661 18,817 48.6
Fixed Assets Rs m 3,036 4,734 55.9
Total Assets Rs m 15,698 23,551 50.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



TANLA PLATFORMS Cash Flow Statement Analysis

  • TANLA PLATFORMS's cash flow from operating activities (CFO) during FY22 stood at Rs 5 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs -1 billion, an improvement of 1,034.3% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs -974 million, an improvement of 42% on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs 3 billion from the Rs 4 billion net cash flows seen during FY21.

TANLA PLATFORMS Cash Flow Statement 2021-22

Particulars No. of months 12 12 % Change
Year Ending Mar-21 Mar-22
Cash Flow from Operating Activities Rs m 5,615 4,864 -13.4%
Cash Flow from Investing Activities Rs m -98 -1,109 -
Cash Flow from Financing Activities Rs m -1,681 -974 -
Net Cash Flow Rs m 3,836 2,781 -27.5%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for TANLA PLATFORMS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 39.7, an improvement from the EPS of Rs 26.2 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 750.5, stands at 19.0 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 7.6 times, while the price to sales ratio stands at 3.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 33.1 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Sales per share (Unadj.) Rs 172.1 236.2
TTM Earnings per share Rs 26.2 39.7
Diluted earnings per share Rs 26.2 39.7
Price to Cash Flow x 28.0 33.1
TTM P/E ratio x 31.1 19.0
Price / Book Value ratio x 8.2 14.3
Market Cap Rs m 73,334 192,039
Dividends per share (Unadj.) Rs 2.0 2.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for TANLA PLATFORMS

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.9x during FY22, from 1.8x during FY21. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 220.2x during FY22, from 183.6x during FY21. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company improved and stood at 40.1% during FY22, from 40.0% during FY22. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 50.3% during FY22, from 46.8% during FY21. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company improved and stood at 23.0% during FY22, from 22.8% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Current ratio x 1.8 1.9
Debtors’ Days Days 582 638
Interest coverage x 183.6 220.2
Debt to equity ratio x 0.0 0.0
Return on assets % 22.8 23.0
Return on equity % 40.0 40.1
Return on capital employed % 46.8 50.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how TANLA PLATFORMS has performed over the last 5 years, please visit here.

TANLA PLATFORMS Share Price Performance

Over the last one year, TANLA PLATFORMS share price has moved down from Rs 922.8 to Rs 750.5, registering a loss of Rs 172.4 or around 18.7%.

Meanwhile, the S&P BSE IT Index is trading at Rs 30,386.3 (up 0.7%). Over the last one year it has moved down from 31,677.6 to 30,386.3, a loss of 1,291 points (down 4.1%).

Overall, the S&P BSE SENSEX is up 7.4% over the year.

(To know more, check out historical annual results for TANLA PLATFORMS and quarterly results for TANLA PLATFORMS)

Annual Report FAQs

What is the current share price of TANLA PLATFORMS?

TANLA PLATFORMS currently trades at Rs 0.0 per share. You can check out the latest share price performance of TANLA PLATFORMS here...

What was the revenue of TANLA PLATFORMS in FY22? How does it compare to earlier years?

The revenues of TANLA PLATFORMS stood at Rs 32,221 m in FY22, which was up 36.3% compared to Rs 23,634 m reported in FY21.

TANLA PLATFORMS' revenue has grown from Rs 7,964 m in FY18 to Rs 32,221 m in FY22.

Over the past 5 years, the revenue of TANLA PLATFORMS has grown at a CAGR of 41.8%.

What was the net profit of TANLA PLATFORMS in FY22? How does it compare to earlier years?

The net profit of TANLA PLATFORMS stood at Rs 5,393 m in FY22, which was up 51.4% compared to Rs 3,561 m reported in FY21.

This compares to a net loss of Rs -2,095 m in FY20 and a net profit of Rs 301 m in FY19.

Over the past 5 years, TANLA PLATFORMS net profit has grown at a CAGR of 130.5%.

What does the cash flow statement of TANLA PLATFORMS reveal?

The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.

This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.

The cash flow statement of TANLA PLATFORMS reveals:

  • Cash flow from operations decreased in FY22 and stood at Rs 4,864 m as compared to Rs 5,615 m in FY21.
  • Cash flow from investments decreased in FY22 and stood at Rs -1,109 m as compared to Rs -98 m in FY21.
  • Cash flow from financial activity increased in FY22 and stood at Rs -974 m as compared to Rs -1,681 m in FY21.

Here's the cash flow statement of TANLA PLATFORMS for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations323-3042,3925,6154,864
From Investments-52-537-1,263-98-1,109
From Financial Activity50737-673-1,681-974
Net Cashflow321-1044563,8362,781

What does the Key Ratio analysis of TANLA PLATFORMS reveal?

Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.

The ratio/financial analysis of TANLA PLATFORMS reveals:

  • Operating profit margins witnessed a fall and down at 21.9% in FY22 as against 18.6% in FY21.
  • Net profit margins grew from 15.2% in FY21 to 16.8% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.0 as compared to 0.0 in FY21.

Here's the ratio/financial analysis of TANLA PLATFORMS for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)8.39.77.118.621.9
Net Profit Margin (%)2.43.0-10.815.216.8
Debt to Equity Ratio (x)0.00.10.00.00.0

 

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