Affle 3i Ltd

Affle 3i Ltd

₹ 1,688 0.90%
28 Nov 9:33 a.m.
About

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]

Key Points

Service Offering
The company operates a proprietary consumer intelligence platform that delivers consumer recommendations and conversions through relevant mobile advertising. The platform aims to enhance returns on marketing investment through contextual mobile ads and reduce digital ad fraud. It has a reach across 3.4+ Bn connected devices. [1]

  • Market Cap 23,746 Cr.
  • Current Price 1,688
  • High / Low 2,187 / 1,221
  • Stock P/E 198
  • Book Value 139
  • Dividend Yield 0.00 %
  • ROCE 8.64 %
  • ROE 6.39 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 28.6% CAGR over last 5 years
  • Company's median sales growth is 27.6% of last 10 years

Cons

  • Stock is trading at 12.0 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 6.45% over last 3 years.
  • Earnings include an other income of Rs.67.4 Cr.
  • Promoter holding has decreased over last 3 years: -4.92%
  • Working capital days have increased from 71.0 days to 109 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
116 137 136 137 134 139 156 163 176 188 188 199 220
99 113 114 120 113 122 137 138 152 163 160 172 196
Operating Profit 17 24 22 18 21 17 18 25 24 25 27 27 24
OPM % 15% 17% 16% 13% 16% 12% 12% 16% 14% 13% 15% 13% 11%
5 7 7 5 5 10 15 14 15 17 17 15 18
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 20 29 27 21 24 25 31 38 36 39 41 40 40
Tax % 26% 25% 25% 26% 25% 26% 25% 26% 25% 26% 26% 25% 26%
15 21 20 16 18 19 24 28 27 29 31 30 30
EPS in Rs 1.11 1.61 1.52 1.17 1.36 1.32 1.69 2.01 1.94 2.08 2.20 2.11 2.13
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
15 39 72 66 84 121 182 267 398 495 566 714 794
12 37 67 62 67 93 138 227 345 420 492 613 691
Operating Profit 3 2 6 4 17 28 45 40 53 75 74 102 102
OPM % 18% 5% 8% 5% 20% 23% 24% 15% 13% 15% 13% 14% 13%
0 0 0 1 1 0 5 6 31 23 36 63 67
Interest 0 0 1 2 1 0 0 0 1 0 1 1 1
Depreciation 0 0 0 2 3 4 5 7 7 7 8 8 8
Profit before tax 2 2 5 1 14 24 44 40 76 90 102 155 161
Tax % 39% -31% -3% 59% 35% 29% 25% 29% 25% 26% 25% 26%
1 2 5 0 9 17 33 28 57 67 76 115 120
EPS in Rs 0.25 0.28 0.63 0.03 0.73 1.37 2.58 2.21 4.24 5.02 5.42 8.22 8.52
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 34%
5 Years: 31%
3 Years: 22%
TTM: 25%
Compounded Profit Growth
10 Years: 48%
5 Years: 29%
3 Years: 27%
TTM: 23%
Stock Price CAGR
10 Years: %
5 Years: 20%
3 Years: 10%
1 Year: 5%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 6%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 11 16 16 24 24 24 26 26 27 27 28 28 28
Reserves -5 -8 -3 -3 6 22 140 168 817 882 1,703 1,852 1,933
-0 -0 8 7 -0 -0 2 1 -0 1 3 3 3
8 21 21 21 28 47 86 108 174 196 293 328 412
Total Liabilities 14 29 42 49 58 94 253 303 1,018 1,105 2,027 2,212 2,376
0 1 1 14 15 24 27 25 27 30 28 27 36
CWIP -0 -0 4 0 -0 2 5 9 4 1 7 7 -0
Investments -0 -0 -0 0 0 14 44 104 351 285 698 730 785
14 28 37 34 43 54 177 166 636 790 1,294 1,448 1,555
Total Assets 14 29 42 49 58 94 253 303 1,018 1,105 2,027 2,212 2,376

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 0 6 6 17 18 32 15 59 59 8 51
0 1 -8 -6 -1 -22 -68 -52 -473 -78 -690 111
-0 -0 7 -2 -8 -0 85 -1 590 -8 740 25
Net Cash Flow 0 1 5 -2 8 -5 49 -37 176 -27 58 187

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 241 207 75 75 69 81 74 95 80 73 106 78
Inventory Days
Days Payable
Cash Conversion Cycle 241 207 75 75 69 81 74 95 80 73 106 78
Working Capital Days 85 50 28 -19 3 -3 -49 26 -21 -22 126 109
ROCE % 27% 39% 10% 50% 63% 42% 22% 15% 10% 8% 9%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
59.89% 59.89% 59.89% 59.89% 56.93% 56.92% 55.14% 55.09% 55.03% 55.02% 55.00% 54.97%
12.66% 11.43% 9.97% 9.66% 14.35% 14.79% 15.30% 15.55% 16.49% 16.09% 18.42% 19.02%
10.56% 11.95% 13.57% 14.28% 14.71% 14.72% 16.21% 15.59% 14.57% 15.31% 13.82% 14.68%
16.83% 16.68% 16.52% 16.12% 13.95% 13.50% 13.33% 13.70% 13.80% 13.47% 12.69% 11.23%
0.06% 0.06% 0.06% 0.06% 0.05% 0.07% 0.05% 0.09% 0.08% 0.10% 0.09% 0.11%
No. of Shareholders 3,65,6033,64,6153,61,2003,52,8263,22,4993,08,4702,89,3622,83,4232,75,2412,76,0422,61,7242,52,674

* 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.

Documents

Concalls