Business
Tanla is a CPaaS company handling roughly 30% of India's A2P enterprise messaging. It also runs Trubloq, a blockchain DLT anti-spam platform used by telcos, and the Wisely.ai platform.
Price
About 35% below its 52-week high when picked.
Bear case
Operating margin compressed from about 22% to 16%. Traffic is shifting to WhatsApp and RCS, and FIIs have been exiting. In FY23 operating cash flow (about Rs 247 Cr) lagged reported profit (about Rs 448 Cr).
Gem rating
7/10
The full write-up from this run was not saved, so this entry is a short summary.
Research only, not investment advice. Verify figures independently before acting.