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Afcom Holdings Ltd (544224)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544224 NSE: Logistics | Small Cap | Afcom Holdings Share Price

₹923.65 -0.30 (-0.03%)

As on 04-Jun'26 16:59

Afcom Holdings Ltd (544224)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544224 NSE: Logistics | Small Cap | Afcom Holdings Share Price

₹923.65 -0.30 (-0.03%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,651 Cr.
Current Price
₹923.7
52-Week Low / High
₹638 / 1,144
TTM EPS
₹42.5
TTM Sales
₹583 Cr.
Book Value per Share
₹206.2
P/E Ratio
21.74
Lower than its 5-year historical median
Industry PE
36.2
Price to Book (P/B)
4.48
Lower than its 5-year historical median
Price to Sales (P/S)
4.55
Lower than its 5-year historical median
EV/EBITDA
11.13
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
41.07%
Outperforms industry median
Return on Capital Employed (ROCE)
48.90%
Outperforms industry median
Return on Assets (ROA)
23.45%
Operating Profit Margin
27.3%
Net Profit Margin
20.28%
Gross Profit Margin
27.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
61.79%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
82.68%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
90.33%
Asset Quality
Promoter Holding
40.61%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹628 Cr.
Equity
₹28.7 Cr.
Face Value
₹10
All Time Low / High
₹205.20 / 1268.95

Afcom Holdings stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Weak
Q.1 Is Afcom Holdings Ltd a good quality company?
Afcom Holdings Ltd is a average quality company, based on a somewhat consistent 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 Afcom Holdings Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Afcom Holdings Ltd vs industry peers?
Afcom Holdings Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Afcom Holdings Ltd?
Promoters hold 40.61% of the Afcom Holdings Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Afcom Holdings Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 20.31% based on the current price.

10 Year X-Ray :

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.
Afcom Holdings Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -53%59.1%39.9%42.1%48.9%-
Value Creation
Index
NA3.21.92.02.5-

Growth Parameters

Sales 13.948.384.1148239583
Sales YoY Gr.-247.5%74.3%75.4%61.8%-
Adj EPS -3.53.77.51418.942.5
YoY Gr.-NA103%85.8%35.2%-
BVPS (₹) -2.915.941.644.562.6206.2
Adj Net
Profit
-4.25.113.225.146.9122
Cash Flow from Ops. -13.2-3.7-18.931.127.4-
Debt/CF from Ops. -1.1-0-00.61-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA70.4%61.8%
Adj EPS NANA72.1%35.2%
BVPSNANA58%40.9%
Share Price - - - -2.5%

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
122.954.527.828.52931.6
Op. Profit
Mgn %
-42.519.721.924.227.436.8
Net Profit
Mgn %
-29.910.515.71719.620.9
Debt to
Equity
-4.4000.20.20
Working Cap
Days
0125191201223133
Cash Conv.
Cycle
0326677566

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales144884148239
Operating Expenses + 203966112173
Manufacturing Costs01199144
Material Costs00000
Employee Cost 126510
Other Costs 193659719
Operating Profit -610183665
Operating Profit Margin (%) -43.1%19.7%21.9%24.2%27.3%
Other Income + 00114
Exceptional Items 000-00
Interest 01123
Depreciation 00001
Profit Before Tax -68183465
Tax -235917
Profit After Tax -45142548
PAT Margin (%) -30.3%10.7%16.2%17.2%20.3%
Adjusted EPS (₹)-3.63.87.714.119.5
Dividend Payout Ratio (%)0%0%0%0%0%

Valuation of Afcom Holdings - Standalone

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'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + -32273103220
Share Capital 22181825
Reserves -5195685196
Debt +15001826
Long Term Debt1400026
Short Term Debt100180
Minority Interest00000
Trade Payables01149
Others Liabilities -2281220
Total Liabilities 92583138275

Fixed Assets

Net Fixed Assets +000017
Gross Block000118
Accumulated Depreciation00001
CWIP 0012120
Investments 00000
Inventories0091616
Trade Receivables116142362
Cash Equivalents 01730
Others Assets 894083180
Total Assets 92583138275

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -13-4-193127
PBT -68183465
Adjustment 0112-0
Changes in Working Capital -7-13-37-1-28
Tax Paid 00-1-4-10
Cash Flow From Investing Activity + -0-0-12-55-104
Capex -0-0-12-0-5
Net Investments 00000
Others 000-55-99
Cash Flow From Financing Activity + 134372174
Net Proceeds from Shares 02038469
Net Proceeds from Borrowing -3-14-0026
Interest Paid -0-1-1-2-3
Dividend Paid 00000
Others 16-1018-18
Net Cash Flow -006-4-3

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/A55.8228.5733.1641.07
ROCE (%)N/A59.0939.8542.0748.9
Asset Turnover Ratio1.542.831.561.341.16
PAT to CFO Conversion(x)N/A-0.8-1.361.240.56
Working Capital Days
Receivable Days14.906164.8045.7065
Inventory Days004030.8024.10
Payable Days00000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Afcom Holdings Ltd FAQs

The current trading price of Afcom Holdings on 04-Jun-2026 16:59 is ₹923.6.

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 03-Jun-2026 the market cap of Afcom Holdings stood at ₹2,650.8 Cr

The latest P/E ratio of Afcom Holdings as of 03-Jun-2026 is 21.74.

The latest P/B ratio of Afcom Holdings as of 03-Jun-2026 is 4.48.

The 52-week high of Afcom Holdings is ₹1,144.4 and the 52-week low is ₹637.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Afcom Holdings is ₹583 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Afcom Holdings Ltd is a average quality company.

The key valuation ratios of Afcom Holdings 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 Weak which suggest that the price of Afcom Holdings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Afcom Holdings Ltd

Afcom Holdings Limited was originally incorporated as ‘Afcom Holdings Private Limited’ a private limited company under the Companies Act, 2013 with the Registrar of Companies (ROC), Tamil Nadu, Chennai, Andaman and Nicobar Islands pursuant to Certificate of Incorporation dated February 15, 2013. The name of the company was changed from ‘Afcom Holdings Private Limited’ to ‘Afcom Holdings Limited’, consequent to conversion of the company from private limited company to public limited company, pursuant to Special Resolution passed by the shareholders of the company in the Extra-ordinary General Meeting held on March 27, 2023, and a fresh certificate of incorporation consequent to change of name was issued by ROC, Chennai on July 11, 2023. 

The company has been operating Cargo Flights to the ASEAN countries like Singapore, Indonesia and Brunei, particularly to Singapore. The company is engaged in carriage of cargo on airport-to-airport basis. Its Business is guided by three operating principles i.e People- centricity, Growth through partnership and Efficiency, always. It provided supply chain solutions to a diverse base of customers. Active Customers such as e-commerce marketplaces, direct-to-consumer e-tailers and enterprises and SMEs across several verticals such as FMCG, consumer durables, consumer electronics, lifestyle, retail, automotive and manufacturing, through various Freight Forwarders for the period ended February 29, 2024.

Business area of the company

The company has been operating Cargo Flights to the ASEAN countries like Singapore, Indonesia and Brunei, particularly to Singapore. The company is engaged in carriage of cargo on airport-to-airport basis. It provided supply chain solutions to a diverse base of customers.

Awards and accreditations

  • 2022: DSV Meet Award

History and milestones

  • 2021: Appointed TTK group one of the largest GSA companies in India as its GSA for revenue development.
  • 2021: DSV Air & Sea Private Limited world’s second largest Freight Forwarder had signed agreement with us for both export and import services and for its services awarded the best vendor in the very first year
  • 2023: Conversion of Private Limited company to Public Limited Company.
  • 2024: Registration of Boeing 737-800 MSN No.28617.


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