Afcom Holdings Ltd

Afcom Holdings Ltd

₹ 844 -2.01%
01 Dec - close price
About

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

Key Points

Business Profile[1][2]
Afcom Holdings is in air freight services, with a strong focus on domestic and international cargo movement, including e-commerce, mobile phones, and seafood. The company operates a Boeing 737-800 aircraft and holds key permits such as the Air Operator Permit and import approvals.

  • Market Cap 2,097 Cr.
  • Current Price 844
  • High / Low 1,269 / 618
  • Stock P/E 24.8
  • Book Value 111
  • Dividend Yield 0.00 %
  • ROCE 36.0 %
  • ROE 28.9 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%

Cons

  • Stock is trading at 7.62 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 71.2 to 95.5 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Half Yearly Results

Figures in Rs. Crores

Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025
71 77 89 150 240
55 57 63 107 165
Operating Profit 16 19 26 43 75
OPM % 23% 25% 29% 28% 31%
0 0 1 2 4
Interest 0 2 2 1 2
Depreciation 0 0 0 4 6
Profit before tax 16 18 25 40 71
Tax % 25% 26% 25% 26% 23%
12 13 19 30 55
EPS in Rs 6.92 7.35 7.59 11.90 22.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
14 48 84 148 239 390
20 39 66 112 170 272
Operating Profit -6 10 18 36 69 118
OPM % -43% 20% 22% 24% 29% 30%
0 0 1 1 4 6
Interest 0 1 1 2 3 3
Depreciation 0 0 0 0 4 10
Profit before tax -6 8 18 34 65 111
Tax % -31% 39% 25% 26% 26%
-4 5 14 25 48 85
EPS in Rs -19.74 20.61 7.78 14.12 19.48 34.02
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 70%
TTM: 136%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 109%
TTM: 163%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 27%
Return on Equity
10 Years: %
5 Years: %
3 Years: 29%
Last Year: 29%

Balance Sheet

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 2 2 18 18 25 25
Reserves -6 20 56 85 196 250
15 0 0 18 26 34
0 3 9 16 29 23
Total Liabilities 12 25 83 138 275 332
0 0 0 0 17 17
CWIP 0 0 12 12 0 0
Investments 0 0 0 0 0 0
11 25 70 125 258 315
Total Assets 12 25 83 138 275 332

Cash Flows

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-13 -4 -33 31 27
-0 -0 -13 -55 -104
13 4 52 21 74
Net Cash Flow -0 0 6 -4 -3

Ratios

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 15 118 62 56 95
Inventory Days
Days Payable
Cash Conversion Cycle 15 118 62 56 95
Working Capital Days 189 161 212 80 117
ROCE % 59% 39% 37% 36%

Shareholding Pattern

Numbers in percentages

Sep 2024Mar 2025Jun 2025Sep 2025
42.73% 42.73% 42.73% 42.59%
3.51% 0.00% 0.00% 0.11%
0.90% 1.00% 1.26% 1.59%
52.87% 56.26% 56.01% 55.72%
No. of Shareholders 1,5673,4393,6725,193

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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