BSE: 544224 · ISIN INE0OXY01013
Afcom Holdings Limited stock analysis
Afcom Holdings Limited ranks #192 in the TickerSutra evidence-ranked universe with a score of 70/100 and 87% data confidence. The latest captured fundamentals show ROCE of 33.5%, quarterly sales growth of 48.1% and quarterly profit growth of 86.1%.Watchlist candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 33.5%
- 90.7% three-year sales CAGR
- Institutional ownership is rising
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹48cr | ₹10cr | ₹5cr | 20.0% |
| 2023 | ₹84cr | ₹18cr | ₹14cr | 22.0% |
| 2024 | ₹148cr | ₹36cr | ₹25cr | 24.0% |
| 2025 | ₹239cr | ₹69cr | ₹48cr | 29.0% |
| 2026 | ₹583cr | ₹234cr | ₹122cr | 40.0% |
| TTM | ₹640cr | ₹247cr | ₹147cr | 39.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Due to the increase in authorised share capital of the Company as resolved in the 13th AGM of our Company, we are disclosing the same.
RoutineAfcom Holdings Ltd - 544224 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 26 Sept 2026Scrutinizer''s Report
RoutineAfcom Holdings Ltd - 544224 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 26 Sept 2026Outcome of the AGM held on September 25, 2026
RoutineAfcom Holdings Ltd - 544224 - Announcement under Regulation 30 (LODR)-Investor PresentationBSE · 25 Sept 2026Presentation to be presented at the 13th AGM
RoutineAfcom Holdings Ltd - 544224 - Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseBSE · 15 Sept 2026Afcom enters into long-term Aviation Fuel Supply Agreement with Hindustan Petroleum Corporation Limited (HPCL) providing Afcom with a secured and preferentially priced supply of Jet A-1 ....
MANAGEMENT COMMENTARY
Signals from filed documents
Afcom competes with belly- cargo capacity on passenger airlines and with other freighter operators across its key corridors. Continued fleet induction, the step-change to wide-body operations and expansion into new geographies will require sustained operational, regulatory and financial execution. Operational Review and Performance FY26 was the strongest operational year in Afcom's history.
With a growing international network spanning South Asia, Southeast Asia, the Maldives, the Middle East and other emerging markets, Afcom has established itself as a trusted cargo airline focused on operational reliability, safety and service excellence. Supported by fleet expansion, diversified market concentration and strong industry relationships, the Company continues to strengthen its role in providing faster an
We were recognised as a Designated Indian Carrier by the Government of India, strengthening our competitive position while improving operating efficiencies. The successful completion of our Qualified Institutions Placement reflected the confidence that institutional investors have placed in our long-term vision and has further strengthened our ability to pursue future growth. We were also honoured with prestigious in
These statements are based on certain assumptions and expectations of future events, and actual results could differ materially from those expressed or implied. Important factors that could cause actual results to differ include movements in jet fuel prices and the availability of fuel supply; movements in currency exchange rates; changes in aircraft lease and maintenance costs; the availability of traffic rights, sl
The closing cash and bank balance increased to ₹6,205.66 lakhs from ₹8.51 lakhs in the previous year, supported by financing activities, including equity infusion and borrowings, which provided liquidity for the Company’s expansion and capital expenditure requirements. Details of utilisation of proceeds from Initial Public Offer (IPO): The Company got Listing Approval from BSE for Initial Public Offer of its Equity S
This is the industry practice and that's what we also have been practicing it. The price increase is quite substantial. When it becomes substantial, whether the industry will absorb it is the question what you are trying to, you know, put across.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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