Affle 3i Ltd
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]
- Market Cap ₹ 24,385 Cr.
- Current Price ₹ 1,736
- High / Low ₹ 1,884 / 1,060
- Stock P/E 211
- Book Value ₹ 134
- Dividend Yield 0.00 %
- ROCE 8.64 %
- ROE 6.40 %
- Face Value ₹ 2.00
Pros
- 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 13.0 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.62.6 Cr.
- Promoter holding has decreased over last 3 years: -4.87%
- Working capital days have increased from 94.7 days to 180 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
15 | 39 | 72 | 66 | 84 | 121 | 182 | 267 | 398 | 495 | 566 | 714 | |
12 | 37 | 67 | 62 | 67 | 93 | 138 | 227 | 345 | 420 | 492 | 613 | |
Operating Profit | 3 | 2 | 6 | 4 | 17 | 28 | 45 | 40 | 53 | 75 | 74 | 102 |
OPM % | 18% | 5% | 8% | 5% | 20% | 23% | 24% | 15% | 13% | 15% | 13% | 14% |
0 | 0 | 0 | 1 | 1 | 0 | 5 | 6 | 31 | 23 | 36 | 63 | |
Interest | 0 | 0 | 1 | 2 | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 1 |
Depreciation | 0 | 0 | 0 | 2 | 3 | 4 | 5 | 7 | 7 | 7 | 8 | 8 |
Profit before tax | 2 | 2 | 5 | 1 | 14 | 24 | 44 | 40 | 76 | 90 | 102 | 155 |
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 | |
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 |
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: | 26% |
Compounded Profit Growth | |
---|---|
10 Years: | 48% |
5 Years: | 29% |
3 Years: | 27% |
TTM: | 52% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 42% |
3 Years: | 19% |
1 Year: | 53% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 11 | 16 | 16 | 24 | 24 | 24 | 26 | 26 | 27 | 27 | 28 | 28 |
Reserves | -5 | -8 | -3 | -3 | 6 | 22 | 140 | 168 | 817 | 882 | 1,703 | 1,852 |
-0 | -0 | 8 | 7 | -0 | -0 | 2 | 1 | -0 | 1 | 3 | 3 | |
8 | 21 | 21 | 21 | 28 | 47 | 86 | 108 | 174 | 196 | 293 | 328 | |
Total Liabilities | 14 | 29 | 42 | 49 | 58 | 94 | 253 | 303 | 1,018 | 1,105 | 2,027 | 2,212 |
0 | 1 | 1 | 14 | 15 | 24 | 27 | 25 | 27 | 30 | 28 | 34 | |
CWIP | -0 | -0 | 4 | 0 | -0 | 2 | 5 | 9 | 4 | 1 | 7 | -0 |
Investments | -0 | -0 | -0 | 0 | 0 | 14 | 44 | 104 | 351 | 285 | 698 | 730 |
14 | 28 | 37 | 34 | 43 | 54 | 177 | 166 | 636 | 790 | 1,294 | 1,448 | |
Total Assets | 14 | 29 | 42 | 49 | 58 | 94 | 253 | 303 | 1,018 | 1,105 | 2,027 | 2,212 |
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 | 112 | |
-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 | 188 |
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 | -4 | 3 | -3 | -47 | 27 | -21 | -22 | 126 | 180 |
ROCE % | 27% | 39% | 10% | 50% | 63% | 42% | 22% | 15% | 10% | 8% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Directorate
18h - Three independent directors' terms end on May 31, 2025; they cease from June 1, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
26 May - Affle held an in-person investor meeting with Carron Capital on May 26, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 May - Analyst and Investor meeting schedule. The notification letter is as attached.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
22 May - Annual Secretarial Compliance Report filed; prior related party disclosure issue resolved with SEBI warning.
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 20 May
Annual reports
Concalls
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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]