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 ₹ 20,599 Cr.
- Current Price ₹ 1,463
- High / Low ₹ 2,187 / 1,251
- Stock P/E 154
- Book Value ₹ 146
- Dividend Yield 0.00 %
- ROCE 9.17 %
- ROE 6.81 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 36.5% CAGR over last 5 years
- Debtor days have improved from 83.2 to 65.4 days.
- Company's median sales growth is 26.9% of last 10 years
Cons
- Stock is trading at 10.0 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 6.39% over last 3 years.
- Earnings include an other income of Rs.69.5 Cr.
- Promoter holding has decreased over last 3 years: -4.97%
- Working capital days have increased from 168 days to 268 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 39 | 72 | 66 | 84 | 121 | 182 | 267 | 398 | 495 | 566 | 714 | 864 | |
| 37 | 67 | 62 | 67 | 93 | 138 | 227 | 345 | 420 | 492 | 613 | 745 | |
| Operating Profit | 2 | 6 | 4 | 17 | 28 | 45 | 40 | 53 | 75 | 74 | 102 | 119 |
| OPM % | 5% | 8% | 5% | 20% | 23% | 24% | 15% | 13% | 15% | 13% | 14% | 14% |
| 0 | 0 | 1 | 1 | 0 | 5 | 6 | 31 | 23 | 36 | 63 | 70 | |
| Interest | 0 | 1 | 2 | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 2 | 3 | 4 | 5 | 7 | 7 | 7 | 8 | 8 | 8 |
| Profit before tax | 2 | 5 | 1 | 14 | 24 | 44 | 40 | 76 | 90 | 102 | 155 | 180 |
| Tax % | -31% | -3% | 59% | 35% | 29% | 25% | 29% | 25% | 26% | 25% | 26% | 26% |
| 2 | 5 | 0 | 9 | 17 | 33 | 28 | 57 | 67 | 76 | 115 | 134 | |
| EPS in Rs | 0.28 | 0.63 | 0.03 | 0.73 | 1.37 | 2.58 | 2.21 | 4.24 | 5.02 | 5.42 | 8.22 | 9.51 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 27% |
| 3 Years: | 20% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 39% |
| 5 Years: | 37% |
| 3 Years: | 26% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 15% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 7% |
| 3 Years: | 6% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 24 | 24 | 24 | 26 | 26 | 27 | 27 | 28 | 28 | 28 |
| Reserves | -8 | -3 | -3 | 6 | 22 | 140 | 168 | 817 | 882 | 1,703 | 1,852 | 2,025 |
| 0 | 8 | 7 | 0 | 0 | 2 | 1 | 0 | 1 | 3 | 3 | 3 | |
| 21 | 21 | 21 | 28 | 47 | 86 | 108 | 174 | 196 | 293 | 328 | 480 | |
| Total Liabilities | 29 | 42 | 49 | 58 | 94 | 253 | 303 | 1,018 | 1,105 | 2,027 | 2,212 | 2,537 |
| 1 | 1 | 14 | 15 | 24 | 27 | 25 | 27 | 30 | 28 | 27 | 40 | |
| CWIP | 0 | 4 | 0 | 0 | 2 | 5 | 9 | 4 | 1 | 7 | 7 | 0 |
| Investments | 0 | 0 | 0 | 0 | 14 | 44 | 104 | 351 | 285 | 698 | 730 | 790 |
| 28 | 37 | 34 | 43 | 54 | 177 | 166 | 636 | 790 | 1,294 | 1,448 | 1,707 | |
| Total Assets | 29 | 42 | 49 | 58 | 94 | 253 | 303 | 1,018 | 1,105 | 2,027 | 2,212 | 2,537 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 6 | 6 | 17 | 18 | 32 | 15 | 59 | 59 | 8 | 51 | 121 | |
| 1 | -8 | -6 | -1 | -22 | -68 | -52 | -473 | -78 | -690 | 111 | -171 | |
| -0 | 7 | -2 | -8 | -0 | 85 | -1 | 590 | -8 | 740 | 25 | 24 | |
| Net Cash Flow | 1 | 5 | -2 | 8 | -5 | 49 | -37 | 176 | -27 | 58 | 187 | -26 |
| Free Cash Flow | -0 | 1 | 3 | 14 | 10 | 23 | 7 | 53 | 53 | 0 | 45 | 108 |
| CFO/OP | 34% | 106% | 180% | 121% | 88% | 91% | 60% | 154% | 115% | 45% | 94% | 139% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 207 | 75 | 75 | 69 | 81 | 74 | 95 | 80 | 73 | 106 | 78 | 65 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 207 | 75 | 75 | 69 | 81 | 74 | 95 | 80 | 73 | 106 | 78 | 65 |
| Working Capital Days | 50 | 28 | -19 | 3 | -3 | -49 | 26 | -21 | -22 | 126 | 109 | 268 |
| ROCE % | 27% | 39% | 10% | 50% | 63% | 42% | 22% | 15% | 10% | 8% | 9% | 9% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Average CPCU Rate INR |
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| Connected Devices Reach Billion |
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| Revenue Contribution: India & Emerging Markets % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
25 May - Affle 3i held one-on-one investor meetings with Marval Capital and Dalton Investments on May 25, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
21 May - Under Regulation 30 of the SEBI (LODR) Regulations, 2015, submitting the Analyst and Investor meeting schedule. The notification letter is as attached.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
20 May - Affle 3i filed its FY2026 Annual Secretarial Compliance Report; no new non-compliances were observed.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 18 May
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 May - Under Regulation 30 of the SEBI (LODR) Regulations, 2015, submitting the Analyst and Investor meeting schedule. The notification letter is as attached.
Annual reports
Concalls
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May 2026Transcript PPT REC
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Nov 2021TranscriptAI SummaryPPT
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Nov 2019Transcript PPT
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Nov 2019TranscriptAI SummaryPPT
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]