NSE: AFFLE · BSE: 542752 · ISIN INE00WC01027
Affle 3i Limited stock analysis
Affle 3i Limited ranks #287 in the TickerSutra evidence-ranked universe with a score of 67/100 and 93% data confidence. The latest captured fundamentals show ROCE of 16.8%, quarterly sales growth of 20.4% and quarterly profit growth of 21.7%.Watchlist candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0×
- Strong CFO/EBITDA of 0.82×
- 23.6% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹1,082cr | ₹213cr | ₹215cr | 20.0% |
| 2023 | ₹1,434cr | ₹288cr | ₹245cr | 20.0% |
| 2024 | ₹1,843cr | ₹360cr | ₹297cr | 20.0% |
| 2025 | ₹2,266cr | ₹483cr | ₹382cr | 21.0% |
| 2026 | ₹2,709cr | ₹610cr | ₹455cr | 23.0% |
| TTM | ₹2,836cr | ₹638cr | ₹478cr | 22.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
RoutineAnalyst/Investor Meet Para A-XBRLNSE · 28 Sept 2026 · Structured filingAffle 3i Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
Affle 3i Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
Open original XBRL sourceAffle 3i Limited has informed the Exchange about Schedule of meet
RoutineAffle 3I Ltd - 542752 - Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of AssociationBSE · 22 Sept 2026Amendment to Article of Association of the Company
RoutineAmendment to AOA/MOANSE · 22 Sept 2026Affle 3i Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
RoutineAffle 3I Ltd - 542752 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 22 Sept 2026Please find the Scrutinizer''s Report attached
MANAGEMENT COMMENTARY
Signals from filed documents
We concluded the year by achieving a 25%+ 5-Year CAGR across all our financial metrices and delivered record performance, with Revenue from Operations increasing by 19.5% y-o-y to INR 27.1 billion, EBITDA increasing by 26.3% to INR 6.1 billion and PAT increasing by 19.1% to INR 4.5 billion. With a strong focus on disciplined operational rigour, we delivered an EBITDA margin expansion of 120 basis points y-o-y during
This broad ecosystem provides access to premium advertising inventory, enabling brands to engage consumers across every stage of the digital journey. Strategic Roadmap - Growth Levers for the Next Phase Consumer Personas Make AI the competitive advantage across every campaign Drive superior ROAS, operating leverage and shareholder value Amplify Intelligence Reach Value Expand consumer intelligence, advertiser relatio
The Government’s Research Development and Innovation (RDI) scheme, with an budget of ₹1 lakh crore, remains a strong incentive for private sector participation in advanced tech research and high-tech manufacturing. Further, the Union Budget 2026-27 rolled out tax holidays until 2047 for qualifying foreign greenfield investments in data centres, strengthening India’s status as a premier global hub for AI and cloud inf
This broad ecosystem provides access to premium advertising inventory, enabling brands to engage consumers across every stage of the digital journey. Strategic Roadmap - Growth Levers for the Next Phase Consumer Personas Make AI the competitive advantage across every campaign Drive superior ROAS, operating leverage and shareholder value Amplify Intelligence Reach Value Expand consumer intelligence, advertiser relatio
Affle’s consumer platform enabled Rovio to improve both scale and performance through: Data-driven repeat conversion strategy across Android and iOS, focused on stabilising and improving conversions from existing users Smart audience segmentation and retargeting to engage within high-value users. Drive new user conversions on premium Apple devices to help scale efficiently into other international markets such as US,
The addition of AdColony has further strengthened our publisher ecosystem and consumer intelligence across these markets, complementing our existing capabilities and supporting the next phase of global expansion. As we continue to build on this foundation, we remain confident in our ability to further scale our global presence. Responsible by Design Being a responsible company, we recognise that innovation must be ac
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On the regulatory front, the Indian government permits 100% Foreign Direct Investment (FDI) in business-to-business (B2B) eCommerce. It also allows 100% FDI in business-to-consumer (B2C) eCommerce under the automatic route, which 2https://www.trade.gov/country-commercial-guides/india-digital-economy 3National Infrastructure Pipeline- Building India, Make in India 96 97 Strategic Review Statutory Reports Financial Sta
DETAILS OF PUBLIC FUNDING OBTAINED IN THE LAST THREE YEARS The Company made the initial public offering in August 2019. During the financial year 2021-22, the Company allotted 1,153,845 equity shares through Qualified Institutional Placement (QIP) at an issue price of INR 5,200 per equity share (including a premium of INR 5,190 per equity share) aggregating to INR 5,999.99 million on May 4, 2021. The issue was made i
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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