---
title: "Afcom Holdings Ltd (544224) — Share Price, Financials & Analysis"
symbol: "544224"
company: "Afcom Holdings Ltd"
canonical: "https://tapetide.com/stocks/544224"
isin: "INE0OXY01013"
nse_symbol: "AFCOMHOLDINGSLTD"
bse_code: "544224"
sector: "Logistics & Cargo"
industry: "Logistics Solution Provider"
market_cap_cr: 4496.08
generated_at: "2026-09-13T19:40:46.363Z"
---

# Afcom Holdings Ltd (544224)

Canonical page: https://tapetide.com/stocks/544224

## Company

- **NSE Symbol:** AFCOMHOLDINGSLTD
- **BSE Code:** 544224
- **ISIN:** INE0OXY01013
- **Sector:** Logistics & Cargo
- **Industry:** Logistics Solution Provider
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2024-08-09
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** afcomcargo.com

## About

Incorporated in February 2013, Afcom Holdings Limited is involved in transporting cargo on an airport-to-airport basis.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:40:42.751526Z.

- **Market Cap:** ₹4496.08 Cr
- **Classification:** SME
- **P/E (reported):** 31.1
- **EPS (TTM):** ₹55.44
- **EPS (reported):** ₹5.31
- **Book Value:** ₹244.85
- **Price to Book:** 6.45
- **Dividend Yield:** 0%
- **ROE:** 21.97%
- **ROCE:** 27.4%
- **Debt to Equity:** 0.88
- **Revenue (yearly):** ₹583.11 Cr
- **Net Income:** ₹116.54 Cr
- **EBITDA:** ₹233.53 Cr
- **52-Week High:** ₹1711
- **52-Week Low:** ₹637.85
- **RSI (14):** 56.13

## Tapetide Score

- **Score:** 59 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 84.7 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 57.47 | 9% |
| growth | 98.9 | 9% |
| momentum | 98.78 | 12% |
| ownership | 49.04 | 24% |
| quality | 52.07 | 22% |
| valuation | 39.87 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 98.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.9%
- Company's working capital requirements have reduced from 81.7 days to 48.4 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -4.77%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -12.07% | 183.65% | 307.11% |
| ebitda margin growth | -2.16% | 32.7% | 61.83% | 95.04% |
| net income growth | -12.3% | 140.79% | 109% | 99% |
| revenue growth | -7.5% | 140.46% | 91% | 111% |
| roce | — | -21.58% | 5.1% | 10.79% |
| roe | — | -10.84% | 21.76% | -82.37% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 40 | 50 | 100 | 119 | 121 | 153 | 190 | 176 |
| Expenses | 38 | 36 | 53 | 72 | 83 | 88 | 118 | 105 |
| Operating Profit | 1 | 13 | 47 | 47 | 39 | 65 | 73 | 71 |
| OPM % | 3.6 | 27 | 47 | 40 | 32 | 43 | 38 | 40 |
| Other Income | 0 | 0 | 2 | 0 | 4 | 1 | 2 | 1 |
| Interest | 0 | 0 | 5 | 5 | 1 | 7 | 10 | 4 |
| Depreciation | 0 | 1 | 13 | 12 | 3 | 13 | 17 | 17 |
| Profit before tax | 1 | 12 | 31 | 31 | 38 | 46 | 48 | 52 |
| Tax % | 34 | 24 | 18 | 32 | 26 | 25 | 6 | 25 |
| Net Profit | 1 | 9 | 26 | 21 | 28 | 34 | 45 | 39 |
| EPS in Rs | 0.34 | 3.64 | 10.4 | 8.48 | 11.42 | 13.22 | 17.13 | 13.67 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 14 | 48 | 84 | 148 | 239 | 583 | 640 |
| Expenses | 20 | 39 | 66 | 112 | 170 | 350 | 393 |
| Operating Profit | -6 | 10 | 18 | 36 | 69 | 234 | 247 |
| OPM % | -43 | 20 | 22 | 24 | 29 | 40 | 39 |
| Other Income | 0 | 0 | 1 | 1 | 4 | 5 | 7 |
| Interest | 0 | 1 | 1 | 2 | 3 | 32 | 21 |
| Depreciation | 0 | 0 | 0 | 0 | 4 | 53 | 50 |
| Profit before tax | -6 | 8 | 18 | 34 | 65 | 153 | 184 |
| Tax % | -31 | 39 | 25 | 26 | 26 | 20 | — |
| Net Profit | -4 | 5 | 14 | 25 | 48 | 122 | 147 |
| EPS in Rs | -19.74 | 20.61 | 7.78 | 14.12 | 19.48 | 46.76 | 55.44 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2 | 2 | 18 | 18 | 25 | 26 |
| Reserves | -6 | 20 | 56 | 85 | 196 | 431 |
| Borrowings | 15 | 0 | 0 | 18 | 26 | 401 |
| Other Liabilities | 0 | 3 | 9 | 16 | 29 | 77 |
| Total Liabilities | 12 | 25 | 83 | 138 | 275 | 935 |
| Fixed Assets | 0 | 0 | 0 | 0 | 17 | 322 |
| CWIP | 0 | 0 | 12 | 12 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 11 | 25 | 70 | 125 | 258 | 613 |
| Total Assets | 12 | 25 | 83 | 138 | 275 | 935 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -13 | -4 | -33 | 31 | 27 | 36 |
| Cash from Investing Activity | 0 | 0 | -13 | -55 | -104 | -207 |
| Cash from Financing Activity | 13 | 4 | 52 | 21 | 74 | 233 |
| Net Cash Flow | 0 | 0 | 6 | -4 | -3 | 62 |
| Free Cash Flow | -13 | -4 | -45 | 31 | 22 | -76 |
| CFO/OP | 221 | -39 | -171 | 97 | 54 | 22 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 15 | 118 | 62 | 56 | 95 | 85 |
| Inventory Days | — | — | — | — | — | 21 |
| Days Payable | — | — | — | — | — | 33 |
| Cash Conversion Cycle | 15 | 118 | 62 | 56 | 95 | 73 |
| Working Capital Days | 189 | 161 | 212 | 80 | 117 | 48 |
| ROCE % | — | 59 | 39 | 37 | 36 | 33 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 58.94% | 42.73% | 42.73% | 42.73% | 42.59% | 42.59% | 40.61% | 35.84% |
| FIIs | 0% | 3.51% | 0% | 0% | 0.11% | 0.05% | 0.05% | 0.68% |
| DIIs | 0% | 0.9% | 1% | 1.26% | 1.59% | 1.9% | 0.85% | 7.96% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 45.06% | 48.4% | 48.22% | 45.37% | 43.85% | 45.65% | 40.15% |
| Others | 41.06% | 7.79% | 7.87% | 7.79% | 10.35% | 11.61% | 12.85% | 15.37% |
| No. of Shareholders | 105 | 1567 | 3439 | 3672 | 5193 | 5729 | 5929 | 6978 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 6 / 6

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1599.33 | Sell |
| EMA (10) | 1593.1 | Sell |
| SMA (20) | 1586.58 | Sell |
| EMA (20) | 1571.01 | Sell |
| SMA (50) | 1481.91 | Buy |
| EMA (50) | 1460.04 | Buy |
| SMA (100) | 1233.34 | Buy |
| EMA (100) | 1297.28 | Buy |
| SMA (200) | 1018.94 | Buy |
| EMA (200) | 1124.64 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.11 | Neutral |
| MACD (12,26,9) | 39.26 | Sell |
| Stochastic (14,3,3) | 44.02 | Neutral |
| ADX (14) | 23.74 | Neutral |
| Williams %R (14) | -75.9 | Neutral |
| ATR (14) | 76.89 | High Volatility |
| ROC (12) | -5.12 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 37.47 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-05 | [Shareholders Letter](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c777fd9a-7d37-49ac-bc00-06759f98c9bb.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=709049be-128b-442e-b843-53f3011e35c5.pdf) |
| 2026-09-03 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3c0da5c-fc46-4c47-8412-3443297d3d9d.pdf) |
| 2026-09-03 | [Shareholders Meeting - AGM On September 25 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=26b4cf07-3ad3-469f-baa0-67586b8ecf16.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=532a65a3-5912-44ed-b2a7-83bd1ba2e76c.pdf) |
| 2026-09-02 | [Announcement Under Regulation 30 - General Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67d3b613-d0b0-4e7f-bece-676fab1c107d.pdf) |
| 2026-08-31 | [Board Meeting Outcome for Outcome Of The Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=63ef232d-5596-4013-97bc-a8dcfb6fd2cd.pdf) |
| 2026-08-26 | [Board Meeting Intimation for Board Of Directors Meeting To Be Held On August 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ffab2158-611e-4f04-a990-b610f4806b26.pdf) |
| 2026-08-20 | [General Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a33244a3-d101-4ede-8c32-720e86b2ab0c.pdf) |
| 2026-08-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7367bbb7-091d-4b18-ae6c-2e1081d96b12.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Unaudited Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=527e5929-789a-43d1-a227-34610914dee8.pdf) |
| 2026-05-28 | [Results - Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ad49254f-0a0e-470f-92a1-43eb98ccfc78.pdf) |
| 2026-02-10 | [Financial Results For The Period Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=63bb2210-182e-426f-887a-732fc3130ca3.pdf) |
| 2025-11-12 | [Unaudited Financial Results For The Period Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=98315131-c0e2-46e0-a2be-732834d30819.pdf) |
| 2025-08-06 | [Voluntary Announcement Of Quarterly Financial Results For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9de91737-2a09-4a69-9616-2c969f15ef0f.pdf) |
| 2025-05-27 | [Results - Financial Results For The Period Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b78d9e7a-2e3a-44b7-95dc-0f56d41fc360.pdf) |
| 2024-11-14 | [Resubmission Of Audited Financial Statements For FY 2023-24](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=74e6db60-425c-45a4-9d82-6e8ab8d1bd77.pdf) |
| 2024-11-14 | [Results - Financial Results For The Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1e62aabc-ca4b-45b2-9a39-89597b6d11bb.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-06-17 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=198dbace-ec39-433e-ad76-c53fb48eeecf.pdf) |
| 2024-11-22 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b4120cc5-32b9-44b5-b72e-047959629ce8.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-06-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=130f79cc-6e61-48af-97af-7779f856076e.pdf) |
| 2026-03-06 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7a2d3f0-3e9a-406e-a256-f5645fad6fea.pdf) |
| 2025-08-24 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=226c9595-5885-42fa-a6e9-67813edd79be.pdf) |
| 2025-03-24 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a0104f1f-b698-4853-9a6a-c95432442161.pdf) |
| 2024-11-15 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=95d38ad5-1843-48ab-be3e-a87abc40245b.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 March 2026 - Clarifies EPS omission in Q3 Dec 31, 2025 XBRL; revised XBRL submitted. | [Reply to Clarification- Financial results 9 March 2026 - Clarifies EPS omission in Q3 Dec 31, 2025 XBRL; revised XBRL submitted.](https://nsearchives.nseindia.com/corporate/SADHAV_02032026145758_Reply_Letter_XBRL_Financial_results_Query_Dec_2025.pdf) |
| 9 February 2026 - Q3 FY26 unaudited results approved; two independent directors appointed; Adfactors PR onboarded (9 Feb 2026). | [Outcome of Board Meeting 9 February 2026 - Q3 FY26 unaudited results approved; two independent directors appointed; Adfactors PR onboarded (9 Feb 2026).](https://nsearchives.nseindia.com/corporate/SADHAV_09022026165241_Outcome_of_Board_Meeting_Feb_2026.pdf) |
| 9 Apr - Newspaper advertisement pursuant to Postal Ballot notice published on April 09, 2026 in Financial Express and Makkal Kural | [Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Apr - Newspaper advertisement pursuant to Postal Ballot notice published on April 09, 2026 in Financial Express and Makkal Kural](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2b4afeb4-3826-4dc7-964a-e898b9c36d9d.pdf) |
| 6 May - Afcom Holdings raised ₹199.85 crore via QIP on May 5, 2026, for fleet expansion. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 6 May - Afcom Holdings raised ₹199.85 crore via QIP on May 5, 2026, for fleet expansion.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/dc21d480-476a-4e4c-9835-0e9c0b71583c.pdf) |
| 6 Mar - Investor Presentation to be presented to the Investors in the Investor Call scheduled to be held on March 06, 2026. | [Announcement under Regulation 30 (LODR)-Investor Presentation 6 Mar - Investor Presentation to be presented to the Investors in the Investor Call scheduled to be held on March 06, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e7a2d3f0-3e9a-406e-a256-f5645fad6fea.pdf) |
| 6 Mar - Analyst/investor call on March 6, 2026; presentation uploaded; institutional attendee list provided. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 6 Mar - Analyst/investor call on March 6, 2026; presentation uploaded; institutional attendee list provided.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a6770a43-7239-404b-a9ab-ba1c86673522.pdf) |
| 5 May - Board approved QIP allotment of 26,30,520 shares for Rs. 199.84 crore on May 05, 2026. | [Announcement under Regulation 30 (LODR)-Qualified Institutional Placement 5 May - Board approved QIP allotment of 26,30,520 shares for Rs. 199.84 crore on May 05, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d398bc1b-e870-4a34-a5ad-56a5128934f4.pdf) |
| 5 May - Board allotted 26.30 lakh shares via QIP at Rs 759.72, raising Rs 199.84 crore. | [Announcement under Regulation 30 (LODR)-Qualified Institutional Placement 5 May - Board allotted 26.30 lakh shares via QIP at Rs 759.72, raising Rs 199.84 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/6f30c86d-118c-4b41-848d-99a0455b06f7.pdf) |
| 5 May - Afcom allotted 26,30,520 shares via QIP at Rs 759.72 on May 5, 2026. | [Board Meeting Outcome for Qualified Institutions Placement Of Equity Shares Of Face Value Rs. 10/- Each By Afcom Holdings Limited Under The Provisions Of Chapter VI Of SEBI (ICDR) Regulations, 2018. 5 May - Afcom allotted 26,30,520 shares via QIP at Rs 759.72 on May 5, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a1de9617-b580-4375-afb1-59505d265c52.pdf) |
| 5 March 2026 - Management to participate in Bharat Connect Conference (video) on 11 March 2026 at 4:00 PM. | [Analysts/Institutional Investor Meet/Con. Call Updates 5 March 2026 - Management to participate in Bharat Connect Conference (video) on 11 March 2026 at 4:00 PM.](https://nsearchives.nseindia.com/corporate/SADHAV_05032026154145_Intimation_Arihant_Conference.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2025 | [Concall - Sep 2025](https://nsearchives.nseindia.com/corporate/SADHAV_17092025130130_Investor_Presentation_Sept_2025_signed.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b4120cc5-32b9-44b5-b72e-047959629ce8.pdf) |
| Mar 2025 | [Concall - Mar 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a0104f1f-b698-4853-9a6a-c95432442161.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/226c9595-5885-42fa-a6e9-67813edd79be.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28909_SADHAV_2024_2025_A_6939430_08092025164234.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25651_SADHAV_2023_2024_04092024122744.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/34664ad5-f4e5-4e1e-b2b6-66955b95307b.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2024-11-19 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c787e36d-7e5d-4ae0-a736-2ad8adcf8619.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:40:46.363Z.