Affle 3i Ltd

Affle 3i Ltd

₹ 1,479 -1.50%
10 Jun 2:08 p.m.
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

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]

  • Market Cap 20,777 Cr.
  • Current Price 1,479
  • High / Low 2,187 / 1,251
  • Stock P/E 45.6
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
356 407 431 499 506 520 543 602 602 621 647 717 724
287 328 344 402 408 415 430 470 468 481 501 554 563
Operating Profit 69 78 87 97 98 104 113 131 134 140 146 163 161
OPM % 19% 19% 20% 19% 19% 20% 21% 22% 22% 23% 23% 23% 22%
18 10 10 10 27 25 29 21 19 17 22 18 21
Interest 3 3 6 5 5 4 4 3 2 2 1 1 1
Depreciation 14 14 18 18 20 19 25 26 27 26 32 33 33
Profit before tax 70 70 73 83 100 107 113 124 124 129 135 146 148
Tax % 11% 6% 9% 8% 13% 19% 19% 19% 17% 18% 18% 18% 19%
62 66 67 77 87 87 92 100 103 106 111 119 120
EPS in Rs 4.68 4.97 5.01 5.48 6.24 6.18 6.56 7.13 7.34 7.50 7.86 8.48 8.49
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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: 8%
3 Years: 14%
1 Year: -23%
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
Connected Devices Reach
Billion
Direct Customers Revenue Contribution
%
Patents Granted
Number
Revenue Contribution: India & Emerging Markets
%
Revenue from EFGH Categories Focus
%
Total Unique Patents Filed/Pending
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
59.89% 59.89% 56.93% 56.92% 55.14% 55.09% 55.03% 55.02% 55.00% 54.97% 54.95% 54.92%
9.97% 9.66% 14.35% 14.79% 15.30% 15.55% 16.49% 16.09% 18.42% 19.02% 17.79% 16.66%
13.57% 14.28% 14.71% 14.72% 16.21% 15.59% 14.57% 15.31% 13.82% 14.68% 16.36% 17.90%
16.52% 16.12% 13.95% 13.50% 13.33% 13.70% 13.80% 13.47% 12.69% 11.23% 10.80% 10.40%
0.06% 0.06% 0.05% 0.07% 0.05% 0.09% 0.08% 0.10% 0.09% 0.11% 0.11% 0.11%
No. of Shareholders 3,61,2003,52,8263,22,4993,08,4702,89,3622,83,4232,75,2412,76,0422,61,7242,52,6742,47,2242,40,775

* 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.

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