Affle India Ltd

Affle India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Affle India Ltd

₹ 1,064 -1.04%
25 Apr 4:01 p.m.
affle.com BSE: 542752 NSE : AFFLE
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

Services Offered:[1][2]
A) Consumer platform
New consumer conversions (acquisitions, engagements, and transactions) through mobile advertising, helping companies acquire customers online and offline. Company primarily earn revenue on a Cost Per Converted User (CPCU) basis, which comprises of 3 use cases viz. New user conversion (online), Existing user repeat conversion (online), New/existing user conversion (offline)
B) Enterprise platform**
Company provides end-to-end solutions for enterprises to enhance their engagement with mobile users such as developing Apps, enabling offline to online commerce for offline businesses with e-commerce aspirations, and providing enterprise-grade data analytics for online and offline companies. It works towards:
a) App development for third parties
b) Enabling offline to online commerce for offline businesses with Direct-to-Consumer aspirations
c) Enterprise grade data analytics for online and offline companies
d) Cloud Services

Website BSE NSE
  • Market Cap ₹ 14,945 Cr.
  • Current Price ₹ 1,064
  • High / Low ₹ 1,337 / 866
  • Stock P/E 206
  • Book Value ₹ 67.5
  • Dividend Yield 0.00 %
  • ROCE 10.3 %
  • ROE 7.63 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 49.9% CAGR over last 5 years

Cons

  • Stock is trading at 15.8 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 9.64% over last 3 years.
  • Earnings include an other income of Rs.28.0 Cr.
  • Promoter holding has decreased over last 3 years: -5.68%
  • Working capital days have increased from 28.1 days to 78.6 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

Sector: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
78 72 82 96 111 108 105 116 137 136 137 134 139
68 58 68 83 98 96 93 99 113 114 120 113 122
Operating Profit 10 14 14 13 13 13 12 17 24 22 18 21 17
OPM % 13% 19% 17% 13% 12% 12% 12% 15% 17% 16% 13% 16% 12%
0 4 7 10 6 8 4 5 7 7 5 5 10
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 1 2 2 2 2 2 2 2 2 2 2
Profit before tax 9 16 19 21 17 18 14 20 29 27 21 24 25
Tax % 26% 33% 22% 24% 28% 28% 27% 26% 25% 25% 26% 25% 26%
7 11 15 16 12 13 10 15 21 20 16 18 19
EPS in Rs 0.52 0.84 1.12 1.19 0.94 1.00 0.77 1.11 1.61 1.52 1.17 1.36 1.32
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 TTM
15 39 72 66 84 121 182 267 398 495 547
12 37 67 62 67 93 138 227 345 420 469
Operating Profit 3 2 6 4 17 28 45 40 53 75 78
OPM % 18% 5% 8% 5% 20% 23% 24% 15% 13% 15% 14%
0 0 0 1 1 0 5 6 31 23 28
Interest 0 0 1 2 1 0 0 0 1 0 0
Depreciation 0 0 0 2 3 4 5 7 7 7 8
Profit before tax 2 2 5 1 14 24 44 40 76 90 97
Tax % 39% -31% -3% 59% 35% 29% 25% 29% 25% 26%
1 2 5 0 9 17 33 28 57 67 73
EPS in Rs 0.25 0.28 0.63 0.03 0.73 1.37 2.58 2.21 4.24 5.02 5.37
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 43%
3 Years: 40%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: 50%
3 Years: 27%
TTM: 21%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -2%
1 Year: 19%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 10%
Last Year: 8%

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 Sep 2023
Equity Capital 11 16 16 24 24 24 26 26 27 27 27
Reserves -5 -8 -3 -3 6 22 140 168 817 882 919
0 0 8 7 0 0 2 1 0 1 0
8 21 21 21 28 47 86 108 174 196 205
Total Liabilities 14 29 42 49 58 94 253 303 1,018 1,105 1,151
0 1 1 14 15 24 27 25 27 30 30
CWIP 0 0 4 0 0 2 5 9 4 1 0
Investments 0 0 0 0 0 14 44 104 351 285 385
14 28 37 34 43 54 177 166 636 790 736
Total Assets 14 29 42 49 58 94 253 303 1,018 1,105 1,151

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
0 0 6 6 17 18 32 15 59 59
0 1 -8 -6 -1 -22 -68 -52 -473 -78
-0 -0 7 -2 -8 -0 85 -1 590 -8
Net Cash Flow 0 1 5 -2 8 -5 49 -37 176 -27

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
Debtor Days 241 207 75 75 69 81 74 95 80 73
Inventory Days
Days Payable
Cash Conversion Cycle 241 207 75 75 69 81 74 95 80 73
Working Capital Days 85 50 28 -4 3 -3 -47 27 -21 79
ROCE % 27% 39% 10% 50% 63% 42% 22% 15% 10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.89% 59.89% 59.89% 59.89% 59.89% 59.89% 59.89% 59.89% 59.89% 59.89% 56.93% 56.92%
18.25% 16.14% 15.66% 15.40% 14.69% 14.24% 12.66% 11.43% 9.97% 9.66% 14.35% 14.79%
7.00% 6.40% 6.58% 6.37% 7.51% 9.13% 10.56% 11.95% 13.57% 14.28% 14.71% 14.72%
14.86% 17.57% 17.87% 18.33% 17.85% 16.69% 16.83% 16.68% 16.52% 16.12% 13.95% 13.50%
0.00% 0.00% 0.00% 0.00% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.05% 0.07%
No. of Shareholders 1,42,1741,95,0953,09,9673,66,1853,79,8063,63,2093,65,6033,64,6153,61,2003,52,8263,22,4993,08,470

* 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

Announcements

Annual reports

DRHP

Concalls