Affle India Ltd

Affle India Ltd

₹ 1,546 4.41%
21 Feb - close price
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 21,721 Cr.
  • Current Price 1,546
  • High / Low 1,884 / 998
  • Stock P/E 59.3
  • Book Value 192
  • Dividend Yield 0.00 %
  • ROCE 16.2 %
  • ROE 15.0 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 43.5% CAGR over last 5 years

Cons

  • Stock is trading at 8.06 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last 3 years: -4.86%

* 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

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
339 315 347 355 376 356 407 431 499 506 520 543 602
272 257 280 284 296 287 328 344 402 408 415 430 470
Operating Profit 68 58 68 71 80 69 78 87 97 98 104 113 131
OPM % 20% 18% 20% 20% 21% 19% 19% 20% 19% 19% 20% 21% 22%
14 29 7 13 16 18 10 10 10 27 25 29 21
Interest 2 2 2 3 3 3 3 6 5 5 4 4 3
Depreciation 10 9 9 13 14 14 14 18 18 20 19 25 26
Profit before tax 70 76 64 68 80 70 70 73 83 100 107 113 124
Tax % 11% 10% 14% 13% 14% 11% 6% 9% 8% 13% 19% 19% 19%
62 69 55 59 69 62 66 67 77 87 87 92 100
EPS in Rs 4.66 5.14 4.09 4.40 5.18 4.68 4.97 5.01 5.48 6.24 6.18 6.56 7.13
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
167 249 334 517 1,082 1,434 1,843 2,170
122 179 246 387 869 1,146 1,483 1,723
Operating Profit 46 70 88 130 213 288 360 447
OPM % 27% 28% 26% 25% 20% 20% 20% 21%
0 0 6 41 72 54 57 102
Interest 1 1 1 4 7 11 19 15
Depreciation 8 10 13 20 32 49 72 90
Profit before tax 37 60 79 148 245 282 327 444
Tax % 24% 18% 17% 9% 12% 13% 9%
28 49 66 135 215 245 297 366
EPS in Rs 2.29 4.02 5.14 10.57 16.05 18.36 21.20 26.11
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 49%
3 Years: 53%
TTM: 28%
Compounded Profit Growth
10 Years: %
5 Years: 44%
3 Years: 30%
TTM: 35%
Stock Price CAGR
10 Years: %
5 Years: 29%
3 Years: 9%
1 Year: 36%
Return on Equity
10 Years: %
5 Years: 21%
3 Years: 19%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 24 24 26 26 27 27 28 28
Reserves 6 48 204 333 1,151 1,438 2,470 2,667
0 9 68 119 149 106 183 135
46 77 105 275 497 437 592 502
Total Liabilities 76 158 402 753 1,824 2,008 3,273 3,332
27 57 163 361 699 786 1,144 1,280
CWIP 0 2 5 40 42 49 98 0
Investments 0 0 0 76 135 0 37 37
49 99 234 276 948 1,174 1,993 2,014
Total Assets 76 158 402 753 1,824 2,008 3,273 3,332

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
42 48 72 102 206 260 262
-29 -50 -162 -175 -554 -186 -572
-4 8 139 53 615 -59 783
Net Cash Flow 9 6 49 -20 267 16 473

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 36 70 81 76 79 62 63
Inventory Days
Days Payable
Cash Conversion Cycle 36 70 81 76 79 62 63
Working Capital Days -35 -9 15 16 -10 42 40
ROCE % 108% 43% 39% 28% 20% 16%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
59.89% 59.89% 59.89% 59.89% 59.89% 59.89% 59.89% 56.93% 56.92% 55.14% 55.09% 55.03%
15.40% 14.69% 14.24% 12.66% 11.43% 9.97% 9.66% 14.35% 14.79% 15.30% 15.55% 16.49%
6.37% 7.51% 9.13% 10.56% 11.95% 13.57% 14.28% 14.71% 14.72% 16.21% 15.59% 14.57%
18.33% 17.85% 16.69% 16.83% 16.68% 16.52% 16.12% 13.95% 13.50% 13.33% 13.70% 13.80%
0.00% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.05% 0.07% 0.05% 0.09% 0.08%
No. of Shareholders 3,66,1853,79,8063,63,2093,65,6033,64,6153,61,2003,52,8263,22,4993,08,4702,89,3622,83,4232,75,241

* 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.

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Documents

Concalls