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 ₹ 20,242 Cr.
- Current Price ₹ 1,431
- High / Low ₹ 2,187 / 1,251
- Stock P/E 44.5
- Book Value ₹ 259
- Dividend Yield 0.00 %
- ROCE 16.8 %
- ROE 13.8 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 27.5% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -4.97%
- Working capital days have increased from 42.1 days to 82.3 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 167 | 249 | 334 | 517 | 1,082 | 1,434 | 1,843 | 2,266 | 2,709 | |
| 122 | 179 | 246 | 387 | 869 | 1,146 | 1,483 | 1,783 | 2,099 | |
| Operating Profit | 46 | 70 | 88 | 130 | 213 | 288 | 360 | 483 | 610 |
| OPM % | 27% | 28% | 26% | 25% | 20% | 20% | 20% | 21% | 23% |
| 0 | 0 | 6 | 42 | 72 | 54 | 57 | 94 | 78 | |
| Interest | 1 | 1 | 1 | 4 | 7 | 11 | 19 | 13 | 5 |
| Depreciation | 8 | 10 | 13 | 20 | 32 | 49 | 72 | 97 | 124 |
| Profit before tax | 37 | 60 | 79 | 148 | 245 | 282 | 327 | 468 | 559 |
| Tax % | 24% | 18% | 17% | 9% | 12% | 13% | 9% | 18% | 19% |
| 28 | 49 | 66 | 135 | 215 | 245 | 297 | 382 | 455 | |
| EPS in Rs | 2.29 | 4.02 | 5.14 | 10.57 | 16.05 | 18.36 | 21.20 | 27.18 | 32.31 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 24% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 23% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 9% |
| 1 Year: | -27% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 14% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 24 | 26 | 26 | 27 | 27 | 28 | 28 | 28 |
| Reserves | 6 | 48 | 204 | 333 | 1,151 | 1,438 | 2,470 | 2,918 | 3,624 |
| 0 | 9 | 68 | 119 | 149 | 106 | 183 | 82 | 15 | |
| 46 | 77 | 105 | 275 | 497 | 437 | 592 | 583 | 754 | |
| Total Liabilities | 76 | 158 | 402 | 753 | 1,824 | 2,008 | 3,273 | 3,612 | 4,421 |
| 27 | 57 | 163 | 361 | 699 | 786 | 1,144 | 1,221 | 1,525 | |
| CWIP | 0 | 2 | 5 | 40 | 42 | 49 | 98 | 111 | 0 |
| Investments | 0 | 0 | 0 | 76 | 135 | 0 | 37 | 63 | 114 |
| 49 | 99 | 234 | 276 | 948 | 1,174 | 1,993 | 2,216 | 2,783 | |
| Total Assets | 76 | 158 | 402 | 753 | 1,824 | 2,008 | 3,273 | 3,612 | 4,421 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 42 | 48 | 72 | 102 | 206 | 260 | 262 | 426 | 502 | |
| -29 | -50 | -162 | -175 | -554 | -186 | -572 | -92 | -374 | |
| -4 | 8 | 139 | 53 | 615 | -59 | 783 | -92 | -43 | |
| Net Cash Flow | 9 | 6 | 49 | -20 | 267 | 16 | 473 | 242 | 85 |
| Free Cash Flow | 33 | 33 | 41 | 52 | 133 | 168 | 147 | 266 | 291 |
| CFO/OP | 108% | 80% | 94% | 87% | 110% | 104% | 82% | 104% | 100% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 36 | 70 | 81 | 76 | 79 | 62 | 63 | 48 | 52 |
| Inventory Days | |||||||||
| Days Payable | |||||||||
| Cash Conversion Cycle | 36 | 70 | 81 | 76 | 79 | 62 | 63 | 48 | 52 |
| Working Capital Days | -35 | -13 | -26 | -4 | -31 | 29 | 19 | 25 | 82 |
| ROCE % | 108% | 43% | 39% | 28% | 20% | 16% | 17% | 17% |
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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| Number of Conversions Million |
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| Connected Devices Reach Billion |
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| Revenue Contribution: India & Emerging Markets % |
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| Revenue from EFGH Categories Focus % |
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| Total Unique Patents Filed/Pending Number |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1h - Under Regulation 30 of the SEBI (LODR) Regulations, 2015, submitting the Analyst and Investor meetings schedule. The notification letter is as attached.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Affle 3i held one-on-one investor meetings with Baroda BNP Paribas, PNB MetLife, and Carnelian on June 30, 2026.
- Closure of Trading Window 1d
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Grant Of Patent In India
24 Jun - Affle granted India patent for click-to-install fraud detection; IP portfolio now 18 grants from 39 filings.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
23 Jun - Affle 3i met Banyan Tree Advisors in a one-on-one call on June 23, 2026.
Annual reports
Concalls
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May 2026Transcript PPT REC
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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]