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Afcom Holdings

544224 BSE
₹1,262.75

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P/E
22.78
View as Markdown
MCP
Close 4 Nov 2026 ₹1,262.75 +447.95 +55.0% 1Y
Start ₹814.80

Key Fundamentals

SMETransport ServicesServices

Price-based figures at the close · EPS basis: Standalone · TTM

ROCE
28.00%
Debt to Equity
0.88
EPS (TTM)
₹55.44
Book Value
₹244.85
Market Cap
—
P/E (TTM)
22.78
P/B
5.16
ROE
36.80%
Dividend Yield
0.00%
EBITDA
₹238 Cr
52W High
₹1,711.00
52W Low
₹637.85

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

52 Average

Data confidence 98/100

Category scores

Quality
60
Good
Returns, margins, earnings quality 22% weight
Valuation
46
Average
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
55
Good
Solvency, leverage, coverage 9% weight
Momentum
66
Good
Trend strength, vol-adjusted 12% weight
Ownership
18
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • 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 32.1%

Weaknesses

2
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -0.44%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1027
OscillatorsStrong Bullish225
Moving AveragesStrong Bearish802

Key readings

RSI (14)
29.03
Bullish
MACD (12,26,9)
−59.01
Bearish
SMA (50)
1,472.79
Bearish
SMA (200)
1,118.06
Bullish

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
5Y+110.82%
3Y+90.75%
1Y+143.93%

Net profit

Net profit growth by window
5YTurned to profit
3Y+105.78%
1Y+229.73%

Operating cash flow

Operating cash flow growth by window
5YTurned positive
3YTurned positive
1YTurned positive

Operating margin· change in pp

Operating margin growth by window
5Y+83.00 pp
3Y+18.71 pp
1Y+8.76 pp

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2021₹14.00 Cr
Mar 2022₹48.00 Cr
Mar 2023₹84.00 Cr
Mar 2024₹148 Cr
Mar 2025₹239 Cr
Mar 2026₹583 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2021−₹4.00 Cr
Mar 2022₹5.00 Cr
Mar 2023₹14.00 Cr
Mar 2024₹25.00 Cr
Mar 2025₹37.00 Cr
Mar 2026₹122 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

Afcom Holdings Ltd is a small-cap services company with a market cap of ~Rs 3,981 crore, trading at a PE of 32.3x and 6x book value. The company has demonstrated exceptional revenue and profit growth (sales CAGR of 91% over 3 years, profit CAGR of 109% over 3 years) with strong ROE of 36% in the last year, but pays no dividend and has seen recent promoter selling.

Bull Case 8
  • Exceptional profit growth of 98.8% CAGR over the last 5 years indicates strong business momentum
  • TTM sales growth of 144% shows accelerating revenue trajectory
  • ROE of 36% in the last year reflects highly efficient capital deployment
  • Consistent 3-year ROE of 33% demonstrates sustained profitability, not a one-off spike
  • TTM profit growth of 160% outpacing sales growth of 144% suggests expanding margins
  • Working capital days reduced from 81.7 to 48.4 days, indicating improved operational efficiency and cash conversion
  • 5-year compounded sales growth of 111% shows the company has scaled revenues consistently over a longer horizon
  • Stock has delivered 59% returns in the last 1 year, reflecting market recognition of growth
Bear Case 8
  • Stock trades at 7.84x book value, significantly above the reported PB of 6x, indicating expensive valuation relative to net assets
  • PE of 32.3x is demanding for a small-cap services company and prices in substantial future growth
  • Promoter holding decreased by 5.70% in the last quarter, a material reduction that may signal insider concerns
  • Zero dividend yield despite repeated profits suggests shareholders receive no income return on investment
  • Small market cap of Rs 3,981 crore implies limited liquidity and higher volatility risk
  • Debt-to-equity ratio is undisclosed (null), making it difficult to assess leverage and financial risk
  • Limited long-term track record — 10-year growth data is unavailable for sales, profit, and ROE, making durability hard to assess
  • 52-week high and low data unavailable (reported as 0), preventing assessment of current price relative to trading range

This is AI-generated analysis, not financial advice. Do your own due diligence.

Quarterly Results

₹ Cr
544224 quarterly results, ₹ crore
Particulars Jun 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
PBT
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 (₹)
0.34
3.64
10.4
8.48
11.42
13.22
17.13
13.67

Profit & Loss

₹ Cr
544224 profit and loss, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
14
48
84
148
239
583
640
Expenses
20
39
66
112
164
349
393
Operating Profit
−6
10
18
36
75
234
247
OPM %
−43%
20%
22%
24%
31%
40%
39%
Other Income
0
0
1
1
2
5
7
Interest
0
1
1
2
11
33
21
Depreciation
0
0
0
0
14
53
50
PBT
−6
8
18
34
52
153
184
Tax %
−31%
39%
25%
26%
28%
20%
—
Net Profit
−4
5
14
25
37
122
147
EPS (₹)
−3.59
3.76
7.78
14.12
14.86
46.76
55.44
Div. Payout %
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
544224 balance sheet, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
2
2
18
18
25
26
Reserves
−6
20
56
85
180
431
Borrowings
15
0
0
18
266
401
Other Liabilities
0
3
9
16
31
77
Total Liabilities
12
25
83
138
502
935
Fixed Assets
0
0
0
0
251
322
CWIP
0
0
12
12
0
0
Investments
0
0
0
0
0
0
Other Assets
11
25
70
125
251
613
Total Assets
12
25
83
138
502
935

Cash Flow

₹ Cr
544224 cash flow, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−13
−4
−33
31
−45
36
Investing
0
0
−13
−55
−257
−207
Financing
13
4
52
21
299
233
Net Cash Flow
0
0
6
−4
−3
62
Free Cash Flow
−13
−4
−45
31
−290
−76
CFO/EBITDA
221
−39
−171
97
−48
22

Ratios

544224 financial ratios, annual
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
15
118
62
56
90
85
Cash Conversion Cycle
15
118
62
56
90
85
Working Capital Days
189
161
212
80
13
48
ROCE %
—
59%
39%
37%
21%
28%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Afcom Holdings insights

57 extracted metrics across FY21–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 40.70%
  • Promoters 35.40%
  • Others 16.01%
  • DIIs 7.62%
  • FIIs 0.28%

No promoter shares pledged as of 14 Oct 2026

Change since Jun 2026

Documents

Frequently Asked Questions about Afcom Holdings

What does Afcom Holdings Ltd do?
Incorporated in February 2013, Afcom Holdings Limited is involved in transporting cargo on an airport-to-airport basis.
Where is Afcom Holdings Ltd (AFCOM) listed?
Afcom Holdings Ltd trades under code 544224 on the BSE.
Which sector does Afcom Holdings Ltd belong to?
Afcom Holdings Ltd is classified under the Logistics & Cargo sector, in the Logistics Solution Provider industry.
What is the PE ratio of Afcom Holdings Ltd?
Afcom Holdings Ltd trades at a PE ratio of 22.78 as of 4 Nov 2026, on earnings per share of ₹55.44, against a book value of ₹244.85 per share.
What is the 52-week high and low of Afcom Holdings Ltd?
Over the last 52 weeks Afcom Holdings Ltd has traded between ₹637.85 and ₹1,711 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Afcom Holdings Ltd?
Afcom Holdings Ltd reported a return on equity of 36.80%. Its debt-to-equity ratio is 0.88.

Company Information

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

Website afcomcargo.com
Listed 9 Aug 2024
Face Value ₹10

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