AFFLE

Affle 3i Limited

AI-led consumer conversion platform for advertisers

Information Technology›Information Technology›IT - Services›IT Enabled Services

affle.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1437.60
Market cap
20,224 Cr
Stock P/E
42.3
P/B
5.53
ROE (FY26)
12.5%
ROCE (FY26)
15.4%
Operating margin (FY26)
17.9%
Debt / equity (FY26)
0.0033
OCF / EBITDA (FY26)
82.3%
OCF / EBITDA (3Y)
81.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Affle (Affle 3i) is a consumer-intelligence advertising technology company that helps advertisers and app marketers turn mobile and connected-TV ad spend into measurable consumer conversions, charging on a performance basis it calls CPCU.

Company snapshot

6thBy market cap

Ranked among 56 companies in IT Enabled Services.

Segment mix

Reportable segments as of 2023-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 73.5% of revenue

SegmentRevenue shareRevenuePBTAssets
India
27.9%
139 Cr25 Cr1,512 Cr
Outside India
73.5%
367 Cr64 Cr1,684 Cr

Shares add up to 101% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 16.8% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales431 Cr499 Cr506 Cr520 Cr543 Cr602 Cr602 Cr621 Cr647 Cr717 Cr724 Cr747 Cr
Operating expenses (approx.)344 Cr402 Cr408 Cr415 Cr430 Cr470 Cr468 Cr481 Cr501 Cr554 Cr563 Cr580 Cr
EBITDA87 Cr97 Cr98 Cr104 Cr113 Cr131 Cr134 Cr140 Cr146 Cr163 Cr161 Cr168 Cr
OPM %20.2%19.4%19.4%20.1%20.9%21.8%22.2%22.5%22.6%22.7%22.3%22.4%
Other income10 Cr10 Cr27 Cr25 Cr29 Cr21 Cr19 Cr17 Cr22 Cr18 Cr21 Cr25 Cr
Interest6 Cr5 Cr5 Cr4 Cr4 Cr3 Cr2 Cr2 Cr1 Cr1 Cr1 Cr0.67 Cr
Depreciation18 Cr18 Cr20 Cr19 Cr25 Cr26 Cr27 Cr26 Cr32 Cr33 Cr33 Cr34 Cr
Profit before tax73 Cr83 Cr100 Cr107 Cr113 Cr124 Cr124 Cr129 Cr135 Cr146 Cr148 Cr158 Cr
Tax %8.8%7.9%12.6%18.7%18.9%19.0%16.8%18.3%18.3%18.3%19.3%18.6%
Net profit67 Cr77 Cr87 Cr87 Cr92 Cr100 Cr103 Cr106 Cr111 Cr119 Cr120 Cr128 Cr
EPS (₹)₹5.01₹5.73₹6.45₹6.18₹6.56₹7.15₹7.35₹7.52₹7.88₹8.50₹8.51₹9.13

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales249 Cr334 Cr517 Cr1,082 Cr1,434 Cr1,843 Cr2,266 Cr2,709 CrSign in free for the trailing twelve months
Operating expenses (approx.)179 Cr246 Cr387 Cr869 Cr1,145 Cr1,483 Cr1,783 Cr2,099 CrSign in free for the trailing twelve months
EBITDA70 Cr88 Cr130 Cr213 Cr289 Cr360 Cr483 Cr610 CrSign in free for the trailing twelve months
OPM %28.2%26.3%25.1%19.7%20.1%19.5%21.3%22.5%Sign in free for the trailing twelve months
Other income0.39 Cr6 Cr42 Cr72 Cr54 Cr57 Cr94 Cr78 CrSign in free for the trailing twelve months
Interest0.81 Cr1 Cr4 Cr7 Cr11 Cr19 Cr13 Cr5 CrSign in free for the trailing twelve months
Depreciation10 Cr13 Cr20 Cr32 Cr49 Cr72 Cr97 Cr124 CrSign in free for the trailing twelve months
Profit before tax60 Cr79 Cr148 Cr245 Cr282 Cr327 Cr468 Cr559 CrSign in free for the trailing twelve months
Tax %18.4%17.3%8.7%12.3%12.8%9.0%18.3%18.6%Sign in free for the trailing twelve months
Net profit49 Cr66 Cr135 Cr215 Cr245 Cr297 Cr382 Cr455 CrSign in free for the trailing twelve months
EPS (₹)₹20.10₹26.13₹52.96₹16.18₹18.43₹21.91₹27.23₹32.38Sign in free for the trailing twelve months
Dividend payout %——0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital24 Cr25 Cr25 Cr27 Cr27 Cr28 Cr28 Cr28 Cr
Reserves48 Cr204 Cr333 Cr1,151 Cr1,438 Cr2,470 Cr2,918 Cr3,624 Cr
Borrowings9 Cr64 Cr117 Cr148 Cr103 Cr178 Cr77 Cr12 Cr
Other liabilities77 Cr107 Cr277 Cr499 Cr440 Cr607 Cr598 Cr757 Cr
Total liabilities158 Cr400 Cr753 Cr1,827 Cr2,011 Cr3,283 Cr3,622 Cr4,421 Cr
Fixed assets (net)0.75 Cr5 Cr1 Cr2 Cr3 Cr4 Cr3 Cr4 Cr
CWIP—5 Cr0 Cr0 Cr0 Cr0 Cr0 Cr131 Cr
Investments0.03 Cr0.03 Cr76 Cr135 Cr0.03 Cr37 Cr63 Cr114 Cr
Loans & advances—4 Cr2 Cr1 Cr1 Cr2 Cr2 Cr5 Cr
Trade receivables48 Cr74 Cr108 Cr235 Cr245 Cr317 Cr299 Cr386 Cr
Cash & bank21 Cr70 Cr49 Cr316 Cr332 Cr805 Cr1,047 Cr1,207 Cr
Other assets89 Cr242 Cr516 Cr1,138 Cr1,429 Cr2,118 Cr2,207 Cr2,575 Cr
Total assets158 Cr400 Cr753 Cr1,827 Cr2,011 Cr3,283 Cr3,622 Cr4,421 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity48 Cr73 Cr102 Cr206 Cr260 Cr262 Cr426 Cr502 Cr
Cash from investing-50 Cr-164 Cr-175 Cr-556 Cr-197 Cr-577 Cr-114 Cr-374 Cr
Cash from financing8 Cr140 Cr53 Cr615 Cr-59 Cr783 Cr-92 Cr-43 Cr
Net cash flow6 Cr49 Cr-20 Cr267 Cr16 Cr473 Cr242 Cr160 Cr
Free cash flow (OCF − Capex)33 Cr42 Cr52 Cr133 Cr168 Cr147 Cr266 Cr291 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %74.5%27.5%31.8%19.0%18.7%12.9%15.9%15.4%
ROE %67.4%28.6%37.5%18.1%16.7%11.9%13.0%12.5%
Debtor days7081767962634852
Inventory days—0000000
Days payable7582898664766580
Cash conversion cycle-6-1-13-7-2-13-18-28
OCF / EBITDA %68.0%83.1%78.4%96.6%90.1%72.9%88.2%82.3%
OCF / EBITDA % (3 years)——77.3%88.4%89.9%84.5%83.8%81.9%
Debt / equity0.120.280.330.130.070.070.030.0033
Current ratio1.281.821.292.202.552.863.253.41
Net debt / EBITDA-0.17-0.070.52-0.79-0.79-1.74-2.01-1.96