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Affle 3i Ltd (AFFLE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542752 NSE: AFFLE BPO/ITeS | Small Cap | Affle 3i Share Price

₹1,487.05 5.80 (0.39%)

As on 05-Jun'26 09:55

Affle 3i Ltd (AFFLE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542752 NSE: AFFLE BPO/ITeS | Small Cap | Affle 3i Share Price

₹1,487.05 5.80 (0.39%)

As on 05-Jun'26 09:55

Key Metrics
Valuation Multiples
Market Cap
₹20,855 Cr.
Current Price
₹1,487.1
52-Week Low / High
₹1,252 / 2,187
TTM EPS
₹32.3
TTM Sales
₹2,709 Cr.
Book Value per Share
₹259.4
P/E Ratio
45.85
Lower than its 5-year historical median
Industry PE
18.5
Price to Book (P/B)
5.71
Lower than its 5-year historical median
Price to Sales (P/S)
7.70
Lower than its 5-year historical median
EV/EBITDA
28.44
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
14.11%
Outperforms industry median
Return on Capital Employed (ROCE)
16.85%
Outperforms industry median
Return on Assets (ROA)
10.90%
Operating Profit Margin
21.3%
Net Profit Margin
16.85%
Gross Profit Margin
24.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
22.98%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
33.79%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
28.46%
Asset Quality
Promoter Holding
54.92%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,624 Cr.
Equity
₹28.2 Cr.
Face Value
₹2
All Time Low / High
₹150.21 / 2186.80

Affle 3i stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Affle 3i Ltd a good quality company?
Affle 3i Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Affle 3i Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Affle 3i Ltd vs industry peers?
Affle 3i Ltd revenue CAGR is 46.68%, compared to the industry median CAGR of 3.91%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Affle 3i Ltd?
Promoters hold 54.92% of the Affle 3i Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Affle 3i Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 7.33% based on the current price.

DeciZen - make an informed investing decision on Affle 3i

Decision Maker
Consolidated basis

1. Right Stock

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2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Affle 3i Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0%0%0%74.5%43.1%39.4%28%20.2%16.3%16.9%-
Value Creation
Index
NANANA4.32.11.91.10.50.20.3-

Growth Parameters

Sales 0002493345171,0821,4341,8432,2662,709
Sales YoY Gr.-NANANA33.8%54.8%109.3%32.6%28.5%23%-
Adj EPS 0004.15.210.615.81720.626.232.3
YoY Gr.-NANANA27.5%104.4%48.5%8.1%20.7%27.2%-
BVPS (₹) 00061828.188.2109.3177.2208.6259.4
Adj Net
Profit
00049.466.1135210227288367455
Cash Flow from Ops. 00047.871.9102206260262426-
Debt/CF from Ops. 0000.20.91.20.70.40.70.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA46.7%28%23%
Adj EPS NA38.2%18.4%27.2%
BVPSNA63.3%33.3%17.7%
Share Price - 6.8% 14.7% -16.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
00068.243.94627.317.214.513.513.8
Op. Profit
Mgn %
00028.526.225.119.620.119.521.322.5
Net Profit
Mgn %
00019.819.826.219.515.915.616.216.8
Debt to
Equity
0000.10.30.30.10.10.100
Working Cap
Days
0000115131102115135116161
Cash Conv.
Cycle
0000-30-32-23-20-22-31116

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2493345171,0821,4341,8432,266
Operating Expenses > + 1792473878701,1451,4831,785
Manufacturing Costs1341932986818861,1281,381
Material Costs0000000
Employee Cost 212754130187235231
Other Costs > 2427355972120173
Operating Profit > 7087130212289360481
Operating Profit Margin (%) 28.2%26.0%25.1%19.6%20.1%19.5%21.2%
Other Income > + 074273545896
Exceptional Items > 0000000
Interest > 1147111913
Depreciation > 10132032497297
Profit Before Tax > 6079148245282327468
Tax > 11141330363086
Profit After Tax 4966135215245297382
PAT Margin (%) 19.6%19.6%26.1%19.9%17.1%16.1%16.9%
Adjusted EPS (₹)4.05.110.616.118.421.227.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Valuation of Affle 3i - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 722293591,1751,4552,4832,928
Share Capital 24252527272828
Reserves 482043331,1481,4292,4552,900
Debt +96411714810317877
Long Term Debt7288989527311
Short Term Debt23628595110567
Minority Interest0001200
Trade Payables5275126256252383408
Others Liabilities 3955181259214290262
Total Liabilities 1724237831,8402,0263,3343,675

Fixed Assets

Net Fixed Assets +571633616997861,1441,221
Gross Block1202434568299751,4051,580
Accumulated Depreciation638096130189261359
CWIP 2540424998111
Investments 007613503763
Inventories0000000
Trade Receivables4874108235245317299
Cash Equivalents flag 30126636056461,2371,392
Others Assets 3454135124301500590
Total Assets 1724237831,8402,0263,3343,675

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 4872102206260262426
PBT 6079148245282327468
Adjustment 1117-17-1664222
Changes in Working Capital -14-14-17-10-47-7211
Tax Paid -9-11-12-28-40-34-74
Cash Flow From Investing Activity + -50-163-175-556-197-577-114
Capex -15-31-49-73-92-116-160
Net Investments -6-47-0-349-25-15661
Others -30-85-125-134-80-306-15
Cash Flow From Financing Activity + 813953615-59783-92
Net Proceeds from Shares 08605910744-1
Net Proceeds from Borrowing 0000000
Interest Paid -1-1-2-3-6-13-10
Dividend Paid 0000000
Others 9545527-5352-82
Net Cash Flow 648-202654468220

Financial Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)67.4343.4545.942818.6715.114.11
ROCE (%)74.4643.0939.4427.9520.2416.2916.85
Asset Turnover Ratio1.451.120.860.820.740.690.65
PAT to CFO Conversion(x)0.981.090.760.961.060.881.12
Working Capital Days
Receivable Days70.1066.9064.4057.8061.1055.7049.60
Inventory Days0000000
Payable Days0000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Affle 3i Ltd FAQs

The current trading price of Affle 3i on 05-Jun-2026 09:55 is ₹1,487.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Affle 3i stood at ₹20,855.5 Cr

The latest P/E ratio of Affle 3i as of 04-Jun-2026 is 155.7.

The latest P/B ratio of Affle 3i as of 04-Jun-2026 is 10.16.

The 52-week high of Affle 3i is ₹2,186.8 and the 52-week low is ₹1,251.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Affle 3i is ₹864 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Affle 3i Ltd is a good quality company.

The key valuation ratios of Affle 3i Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Affle 3i Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Affle 3i Ltd

Affle India was incorporated as ‘Tejus Securities Private Limited’ under the Companies Act, 1956, with a certificate of incorporation issued by the Registrar of Companies, Maharashtra (RoC) on August 18, 1994 at Mumbai. Subsequently, the name of the company was changed to ‘Affle (India) Private Limited’ and a fresh certificate of incorporation was issued by the RoC on September 29, 2006. The company was subsequently converted to a public limited company and the name of the company was changed to present name, i.e., ‘Affle (India) Limited’, and a fresh certificate of incorporation consequent upon conversion was issued by the RoC on July 13, 2018.

Affle is a global technology company with a proprietary consumer intelligence platform that delivers consumer engagement, acquisitions and transactions through relevant Mobile Advertising. The platform aims to enhance returns on marketing investment through contextual mobile ads and also by reducing digital ad fraud. While Affle's Consumer platform is used by online & offline companies for measurable mobile advertising, its Enterprise platform helps offline companies to go online through platform-based app development, enablement of O2O commerce and through its customer data platform.

Business area of the company:

The company is a global technology business. It has two business segments i.e Consumer Platform and Enterprise Platform. The company’s Consumer Platform primarily provides the services of new consumer conversions (acquisitions, engagements and transactions) through relevant mobile advertising; retargeting existing consumers to complete transactions for e-commerce companies through relevant mobile advertising; and an online to offline (O2O) platform that converts online consumer engagement into in-store walk-ins. The company’s Enterprise Platform primarily provides end-to-end solutions for enterprises to enhance their engagement with mobile users.

Products

  • MAAS Mobile Advertising
  • RevX Programmatic Ad Platform
  • Vizury Engage360 Omnichannel Marketing
  • Mediasmart Programmatic & Proximity Marketing
  • mFaaS Fraud Detection
  • Shoffr O2O Marketing Platform
  • mKr8 Rich Media & Video
  • mDMP Data Management
  • mCDP Audience Intelligence
  • ARC App Development
  • Markt Multi-Channel Commerce

Awards and Accreditations

  • 2016: The company received membership of Internet and Mobile Association of India, valid for the period from April 1, 2016 to March 31, 2017.
  • 2016: The company was recognised as the 'Top App Monetization Platforms 2015' by Business of Apps.
  • 2016: The company was recognised as the 'Top Mobile Ad Mediation Platforms' by Business of Apps in 2016.
  • 2017: The company received membership of Internet and Mobile Association of India, valid for the period from April 1, 2017 to March 31, 2018.
  • 2017: The company received the Enabling Technologies - Innovation (Silver) award at The Maddies.
  • 2017: The company received the “Best Big Data Technology Platform (Gold)” and the “Best Brand Awareness Campaign Using Mobile (Gold)” awards at the Indian Digital Awards by IAMAI.
  • 2018: The company received membership of IAMAI, valid for the period from April 1, 2018 to March 31, 2019.
  • 2018: The company received the “Digital Marketing Excellence in Retail (Gold) for Puma” and the “Digital Marketing Excellence in Healthcare/ Pharma (Gold) for Dettol” awards at Digixx Awards 2018.
  • 2018: The company received the Augmented Reality Campaign For Dish TV (Bronze) at the Campaign Asia Digital Crest Awards 2018.
  • 2019: The company received the award for “Best Use of AR/VR in a Marketing Campaign (Silver) for Dish TV” at the India Digital Awards from IAMAI and Times Now.
  • 2019: The company received the “Best Technology Platform (Gold) for mFaas” at the Digixx Awards 2019.
  • 2019: The company received the award for “Ad Network of the Year” at the Indian Agency Awards, AgencyCon.
  • 2019: The company received the award for mobile advertising at the Singapore Business Review Technology Excellence Awards 2019.

Major events and milestones

  • 2007: Launch of first product “SMS 2.0” in partnership with Bharti Airtel in India in June 2007. Subsequent to the launch, this product and partnership was scaled pan-India in December 2007.
  • 2009: Announcement of first significant mobile monetization partnership with NDTV Convergence.
  • 2012: Launch of Mobile Advertising Agency 'ad2c'.
  • 2012: Launch of Cross Screen Advertising Platform “Ripple” in August, which was followed by announcement of partnerships with Yahoo, ESPN Cricinfo & India Today for this platform.
  • 2014: Launch of mobile marketing platform 'ad2campaign'.
  • 2015: Launch of end-to-end “Mobile Audience as a Service (MAAS)” platform in March 2015.
  • 2017: Launch of “Mobile Ad Fraud detection (mFaaS)” platform which was later awarded by the IAMAI as the Best Big Data Technology Platform in 2017.
  • 2018: Acquisition by Affle International of Affle Global’ consumer platform and enterprise platform-based business undertaking and 100% of the equity interests in the Indonesian Subsidiary, each effective July 1, 2018.
  • 2019: Acquisition by Affle International of the Shoffr Business Undertaking on May 18, 2019, effective February 19, 2019.
  • 2019: Acquisition by Affle International of the RevX Business Undertaking one June 28, 2019, effective April 1, 2019.
  • 2020: Acquisition by Affle International of the Mediasmard, a Europe based mobile programmatic and proximity marketing platform.
  • 2020: Acquisition by Affle International of the Appnext, a mobile app discovery and recommendation platform business.
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