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 ₹ 22,054 Cr.
- Current Price ₹ 1,565
- High / Low ₹ 2,187 / 1,251
- Stock P/E 46.2
- 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: -4.98%
- 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 167 | 249 | 334 | 517 | 1,082 | 1,434 | 1,843 | 2,266 | 2,709 | 2,836 | |
| 122 | 179 | 246 | 387 | 869 | 1,146 | 1,483 | 1,783 | 2,099 | 2,198 | |
| Operating Profit | 46 | 70 | 88 | 130 | 213 | 288 | 360 | 483 | 610 | 638 |
| OPM % | 27% | 28% | 26% | 25% | 20% | 20% | 20% | 21% | 23% | 22% |
| 0 | 0 | 6 | 42 | 72 | 54 | 57 | 94 | 78 | 86 | |
| Interest | 1 | 1 | 1 | 4 | 7 | 11 | 19 | 13 | 5 | 4 |
| Depreciation | 8 | 10 | 13 | 20 | 32 | 49 | 72 | 97 | 124 | 133 |
| Profit before tax | 37 | 60 | 79 | 148 | 245 | 282 | 327 | 468 | 559 | 587 |
| Tax % | 24% | 18% | 17% | 9% | 12% | 13% | 9% | 18% | 19% | |
| 28 | 49 | 66 | 135 | 215 | 245 | 297 | 382 | 455 | 478 | |
| EPS in Rs | 2.29 | 4.02 | 5.14 | 10.57 | 16.05 | 18.36 | 21.20 | 27.18 | 32.31 | 33.95 |
| 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: | 11% |
| 3 Years: | 13% |
| 1 Year: | -18% |
| 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 | 744 | |
| Total Liabilities | 76 | 158 | 402 | 753 | 1,824 | 2,008 | 3,273 | 3,612 | 4,411 |
| 27 | 57 | 163 | 361 | 699 | 786 | 1,144 | 1,221 | 1,394 | |
| CWIP | 0 | 2 | 5 | 40 | 42 | 49 | 98 | 111 | 131 |
| Investments | 0 | 0 | 0 | 76 | 135 | 0 | 37 | 63 | 114 |
| 49 | 99 | 234 | 276 | 948 | 1,174 | 1,993 | 2,216 | 2,773 | |
| Total Assets | 76 | 158 | 402 | 753 | 1,824 | 2,008 | 3,273 | 3,612 | 4,411 |
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 | -299 | |
| -4 | 8 | 139 | 53 | 615 | -59 | 783 | -92 | -43 | |
| Net Cash Flow | 9 | 6 | 49 | -20 | 267 | 16 | 473 | 242 | 160 |
| 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 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Connected Devices Reached (mDMP Consumer Profiles) Billion |
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| CPCU Conversions (Total Converted Users) million |
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| Average CPCU (Cost Per Converted User) INR |
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| Total Patents (Granted + Filed & Pending) count |
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| Direct Customer Revenue Contribution % of consolidated revenue |
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| Developed Markets Revenue Share (current geographic mix) % of consolidated revenue |
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| India Revenue Share (historical geographic mix) % of consolidated revenue |
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| Top 10 Customer Concentration % of consolidated revenue |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Submission of newspaper advertisement of 31st AGM and e-voting information published in Financial Express and Jansatta.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- 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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Letter To Be Sent To Shareholders
- Affle sent FY2025-26 annual report web link to shareholders on August 27, 2026.
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Business Responsibility and Sustainability Reporting (BRSR)
- Affle 3i filed its FY2025-26 Business Responsibility and Sustainability Report.
- Notice Of 31St Annual General Meeting
Annual reports
Concalls
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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]