Affle 3i logo

Affle 3i

AFFLE NSE

Key Fundamentals

SmallcapIT Enabled ServicesInformation Technology
Market Cap
₹22,070 Cr
Volatility
Moderate
P/E Ratio
46.17
EBITDA
₹688 Cr
Return on Equity
12.45%
Debt to Equity
0
Book Value
₹260.7
EPS
₹22.65
52W High
₹2,185.9
52W Low
₹1,251.3

Tapetide Score

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

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 27.5% CAGR over last 5 years

Weaknesses

3
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last 3 years: -4.98%
  • Working capital days have increased from 42.1 days to 82.3 days

Growth Rate

Revenue Growth
18.11% lower than 3Y
Net Income Growth
19.11% lower than 3Y
Cash Flow Change
17.93% lower than 3Y
ROE
-3.94% lower than 3Y
ROCE
-4.61% lower than 3Y
EBITDA Margin (Avg.)
0.98% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk high

Affle India Ltd trades at a market cap of ₹22,070 Cr with a PE of 47x and a price-to-book of 6.11x. The company has delivered 5-year compounded sales growth of 39% and profit growth of 28% CAGR, while remaining almost debt-free, though the stock has declined 24% over the past year and working capital days have nearly doubled.

Bull Case 8
  • Strong 5-year compounded sales CAGR of 39%, indicating sustained top-line momentum in the ad-tech space
  • Healthy 5-year compounded profit CAGR of 28%, demonstrating ability to scale profitably
  • Almost debt-free balance sheet, reducing financial risk and interest burden
  • TTM revenue growth of 20% shows continued business traction even on a larger base
  • TTM profit growth of 19% indicates earnings continue to expand alongside revenue
  • 3-year compounded sales CAGR of 24% and profit CAGR of 23% reflect consistent medium-term growth
  • Company has actively reduced debt, strengthening its balance sheet position further
  • 3-year stock CAGR of 13% suggests the market has rewarded the business over the medium term despite recent weakness
Bear Case 8
  • PE ratio of 47x is significantly elevated, pricing in high growth expectations with limited margin of safety
  • Stock has declined 24% over the past 1 year, reflecting negative price momentum and possible de-rating
  • Working capital days have nearly doubled from 42.1 days to 82.3 days, signalling deterioration in cash conversion efficiency
  • Zero dividend yield despite consistent profitability — the company pays no dividend to shareholders
  • Promoter holding has decreased by 4.98% over the last 3 years, which may signal reduced insider conviction
  • ROE of 14% in the latest year is modest relative to the premium valuation of 6.11x price-to-book
  • 5-year ROE averaging 16% does not strongly justify a 47x earnings multiple compared to other high-growth IT peers
  • TTM profit growth of 19% is decelerating from the 5-year CAGR of 28%, suggesting growth may be plateauing

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Positives 1
  • Q1FY27 revenue, profit up 20% Aug 17

    Q1FY27 revenue rose 20.4% YoY to ₹7.47 billion with PAT up 21.7% to ₹1.28 billion. EBITDA margins held steady at 22.4% with strong growth in India and Developed Markets.

Neutral 4
  • Active investor engagement continues Sep 9

    Affle 3i held multiple analyst and investor meetings between Aug 19–Sep 9 with firms including Arika Capital, Edelweiss MF, Stallion Asset, Avendus, and five other mutual funds/wealth managers. No unpublished price-sensitive information was shared in any interaction.

  • Elara Capital conference participation Aug 27

    Affle 3i will participate in the Elara Capital Investor Conference in Mumbai on September 1, 2026, with one-on-one and group interactions.

  • AGM scheduled for Sep 22 Aug 27

    The 31st AGM is set for September 22, 2026 via video conferencing, with remote e-voting starting September 17.

  • FY26 Annual Report shared online Aug 27

    Affle 3i issued a web link for shareholders to access the FY26 Annual Report under SEBI compliance regulations.

TL;DR: Affle 3i delivered a solid Q1FY27 with 20%+ growth in both revenue and profit while maintaining stable EBITDA margins, signaling healthy execution. No material headwinds emerged in the recent news cycle. The company is actively engaging institutional investors, suggesting sustained market interest. The trend is positive, and continued delivery on growth with margin stability will be key to watch in upcoming quarters.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
407
431
499
506
520
543
602
602
621
647
717
724
747
Expenses
328
344
402
408
415
430
470
468
481
501
554
563
580
Operating Profit
78
87
97
98
104
113
131
134
140
146
163
161
168
OPM %
19%
20%
19%
19%
20%
21%
22%
22%
23%
23%
23%
22%
22%
Other Income
10
10
10
27
25
29
21
19
17
22
18
21
25
Interest
3
6
5
5
4
4
3
2
2
1
1
1
1
Depreciation
14
18
18
20
19
25
26
27
26
32
33
33
34
PBT
70
73
83
100
107
113
124
124
129
135
146
148
158
Tax %
6%
9%
8%
13%
19%
19%
19%
17%
18%
18%
18%
19%
19%
Net Profit
66
67
77
87
87
92
100
103
106
111
119
120
128
EPS in Rs
4.97
5.01
5.48
6.24
6.18
6.56
7.13
7.34
7.5
7.86
8.48
8.49
9.12
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
167
249
334
517
1,082
1,434
1,843
2,266
2,709
2,836
Expenses
122
179
246
387
869
1,146
1,483
1,783
2,099
2,198
Operating Profit
46
70
88
130
213
288
360
483
610
638
OPM %
27%
28%
26%
25%
20%
20%
20%
21%
23%
22%
Other Income
0
0
6
42
72
54
57
94
78
86
Interest
1
1
1
4
7
11
19
13
5
4
Depreciation
8
10
13
20
32
49
72
97
124
133
PBT
37
60
79
148
245
282
327
468
559
587
Tax %
24%
18%
17%
9%
12%
13%
9%
18%
19%
Net Profit
28
49
66
135
215
245
297
382
455
478
EPS in Rs
2.29
4.02
5.14
10.57
16.05
18.36
21.2
27.18
32.31
33.95
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
24
24
26
26
27
27
28
28
28
Reserves
6
48
204
333
1,151
1,438
2,470
2,918
3,624
Borrowings
0
9
68
119
149
106
183
82
15
Other Liabilities
46
77
105
275
497
437
592
583
744
Total Liabilities
76
158
402
753
1,824
2,008
3,273
3,612
4,411
Fixed Assets
27
57
163
361
699
786
1,144
1,221
1,394
CWIP
0
2
5
40
42
49
98
111
131
Investments
0
0
0
76
135
0
37
63
114
Other Assets
49
99
234
276
948
1,174
1,993
2,216
2,773
Total Assets
76
158
402
753
1,824
2,008
3,273
3,612
4,411
Figures in ₹ Crores

Cash Flow

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
42
48
72
102
206
260
262
426
502
Investing
-29
-50
-162
-175
-554
-186
-572
-92
-299
Financing
-4
8
139
53
615
-59
783
-92
-43
Net Cash Flow
9
6
49
-20
267
16
473
242
160
Free Cash Flow
33
33
41
52
133
168
147
266
291
CFO/OP
108
80
94
87
110
104
82
104
100
Figures in ₹ Crores

Ratios

Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
36
70
81
76
79
62
63
48
52
Cash Conversion Cycle
36
70
81
76
79
62
63
48
52
Working Capital Days
-35
-13
-26
-4
-31
29
19
25
82
ROCE %
108%
43%
39%
28%
20%
16%
17%
17%

Insights

Beta

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

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Shareholding Pattern

Others3.45%Promot.54.91%Public7.49%FIIs15.38%DIIs18.78%As ofJun 2026

Documents

Frequently Asked Questions about Affle 3i

What does Affle 3i Ltd do?
Incorporated in 1994, Affle is a global technology company with a proprietary consumer intelligence platform that transforms ads into recommendations helping marketers to effectively identify, engage, acquire and drive transactions with their potential and existing users[1]
Where is Affle 3i Ltd (AFFLE) listed?
Affle 3i Ltd trades as AFFLE on the NSE and under code 542752 on the BSE.
Which sector does Affle 3i Ltd belong to?
Affle 3i Ltd is classified under the Information Technology sector, in the IT Enabled Services industry.
What is the market capitalisation of Affle 3i Ltd?
Affle 3i Ltd has a market capitalisation of ₹22,070 Cr, which places it in the Large Cap band.
What is the PE ratio of Affle 3i Ltd?
Affle 3i Ltd trades at a PE ratio of 46.17, on earnings per share of ₹22.65, against a book value of ₹260.7 per share.
What is the 52-week high and low of Affle 3i Ltd?
Over the last 52 weeks Affle 3i Ltd has traded between ₹1,251.3 and ₹2,185.9.
What is the Return on Equity (ROE) of Affle 3i Ltd?
Affle 3i Ltd reported a return on equity of 12.45%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1994, Affle is a global technology company with a proprietary consumer intelligence platform that transforms ads into recommendations helping marketers to effectively identify, engage, acquire and drive transactions with their potential and existing users[1]

Website affle.com
CEO Mr. Anuj Khanna Sohum
Employees 617
Listed 2019-08-08
Face Value ₹ 2
Issued Size 14,06,95,134

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