Afcom Holdings Ltd
Incorporated in February 2013, Afcom Holdings Limited is involved in transporting cargo on an airport-to-airport basis.[1]
- Market Cap ₹ 2,175 Cr.
- Current Price ₹ 875
- High / Low ₹ 1,269 / 318
- Stock P/E 44.9
- Book Value ₹ 99.5
- Dividend Yield 0.00 %
- ROCE 37.2 %
- ROE 29.9 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.2%
- Company's working capital requirements have reduced from 164 days to 77.8 days
Cons
- Stock is trading at 8.79 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.
Peer comparison
Services Services Transport Services Logistics Solution Provider
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|
14 | 48 | 84 | 148 | 239 | |
20 | 39 | 66 | 112 | 170 | |
Operating Profit | -6 | 10 | 18 | 36 | 69 |
OPM % | -43% | 20% | 22% | 24% | 29% |
0 | 0 | 1 | 1 | 4 | |
Interest | 0 | 1 | 1 | 2 | 3 |
Depreciation | 0 | 0 | 0 | 0 | 4 |
Profit before tax | -6 | 8 | 18 | 34 | 65 |
Tax % | -31% | 39% | 25% | 26% | 26% |
-4 | 5 | 14 | 25 | 48 | |
EPS in Rs | -19.74 | 20.61 | 7.78 | 14.12 | 19.48 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 70% |
TTM: | 62% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 112% |
TTM: | 93% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 189% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 29% |
Last Year: | 30% |
Balance Sheet
Figures in Rs. Crores
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|
Equity Capital | 2 | 2 | 18 | 18 | 25 |
Reserves | -6 | 20 | 56 | 85 | 196 |
15 | 0 | 0 | 18 | 26 | |
0 | 3 | 9 | 16 | 29 | |
Total Liabilities | 12 | 25 | 83 | 138 | 275 |
0 | 0 | 0 | 0 | 17 | |
CWIP | 0 | 0 | 12 | 12 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 |
11 | 25 | 70 | 125 | 258 | |
Total Assets | 12 | 25 | 83 | 138 | 275 |
Cash Flows
Figures in Rs. Crores
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|
-13 | -4 | -33 | -23 | 27 | |
-0 | -0 | -13 | -1 | -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 | 203 | 78 |
ROCE % | 59% | 39% | 37% | 37% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
4m - Investor meet to be held on Sunday, August 24, 2025 in physical mode at Mumbai
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 Aug - Afcom starts operations at Bengaluru airport with inaugural 20-tonne cargo flight to Maldives.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
11 Aug - AFCOM achieved highest-ever transshipment volume at Velana Airport in July 2025, marking strategic growth.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
11 Aug - AFCOM Q1 FY26 income ₹11889L, net profit ₹2707L; joins IATA Clearing House, expands route to Hanoi.
- Voluntary Announcement Of Quarterly Financial Results For The Quarter Ended June 30, 2025 6 Aug
Annual reports
No data available.
Concalls
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Mar 2025TranscriptNotesPPT
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Nov 2024Transcript PPT REC
Business Profile[1] The company operates cargo flights to the ASEAN (Association of Southeast Asian Nations) countries, including Singapore, Indonesia, and Brunei, focusing on Singapore.