Affle (India) Ltd. (AFFLE) AI Stock Analysis

• Market Cap: ₹257.92B
• Dividend Yield: N/A
• Average Volume (3M): 13.94K
• Price to Earnings (P/E): 61.4
• Beta (1Y): 1.48
• Revenue Growth: 19.55%
• EPS Growth: 20.85%
• Country: IN
• Employees: 642
• Sector: Technology
• Sector Strength: 88
• Industry: Advertising Agencies
• EPS (TTM): 7.90
• Shares Outstanding: 140,640,210
• 10 Day Avg. Volume: 7,876
• 30 Day Avg. Volume: 13,942
• PEG Ratio: 2.41
• Price to Book (P/B): 7.59
• Price to Sales (P/S): 9.87
• P/FCF Ratio: 84.03
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ₹2,072.00 ▲(12.98% Upside)

Affle (India) Ltd. has a strong financial foundation with impressive revenue and profit growth, which is the most significant factor in its score. However, the technical indicators suggest a bearish trend, and the high P/E ratio indicates overvaluation, limiting upside potential. The absence of earnings call data and corporate events means these factors do not influence the score.

Affle (India) Ltd. Business Overview & Revenue Model

Company Description

Affle (India) Ltd. is a technology company specializing in mobile advertising and consumer engagement solutions. Founded in 2005, the company operates primarily in the digital marketing sector, offering products and services that enhance customer acquisition, retention, and engagement through data-driven advertising. Affle's core offerings include a mobile app advertising platform, mobile commerce solutions, and analytics services, enabling businesses to optimize their marketing strategies and improve return on investment.

How the Company Makes Money

Affle generates revenue primarily through its performance-based mobile advertising services. The company operates on a cost-per-install (CPI) and cost-per-action (CPA) model, whereby advertisers pay only when users engage with their ads or install applications. Key revenue streams include mobile app marketing, subscription fees from its analytics and marketing technology services, and partnerships with various app developers and marketers. Additionally, Affle has strategic partnerships with several technology companies and advertising networks, enhancing its reach and capabilities in targeting consumers effectively, which contributes significantly to its earnings.

Affle (India) Ltd. Financial Statement Overview

Summary

Affle (India) Ltd. demonstrates strong financial performance with substantial revenue and profit growth, healthy margins, and effective leverage management. The company shows robust cash flow generation and liquidity, although monitoring liabilities and operational expenses is advisable.

Income Statement

Affle (India) Ltd. has demonstrated a robust financial performance with strong revenue growth over the years. The revenue grew substantially from 33.38 billion to 226.63 billion between 2020 and 2025, indicating a healthy expansion. The gross profit margin improved significantly, reflecting effective cost management. Notably, the company maintains high net profit and EBITDA margins, showcasing profitability and operational efficiency. However, the EBIT margin showed slight fluctuations, which could hint at variable operating expenses. Overall, the income statement reflects a strong and growing financial position in the industry.

Balance Sheet

Affle (India) Ltd. presents a solid balance sheet with impressive growth in stockholders' equity from 2.29 billion to 29.46 billion over the six-year period. The company's debt-to-equity ratio is low, indicating prudent management of leverage and financial risk. The equity ratio has remained robust, underscoring financial stability and a strong asset base. The significant increase in cash and short-term investments highlights liquidity strength. However, the total liabilities have also increased, which warrants monitoring to ensure continued financial health.

Cash Flow

The company has shown excellent cash flow management with a consistent increase in operating cash flow, which supports its net income figures. The free cash flow growth is noteworthy, suggesting effective capital expenditure management and strong cash generation capabilities. The operating cash flow to net income ratio remains healthy, indicating that earnings are well supported by cash flows. Overall, the cash flow statement reflects strong liquidity and effective cash management strategies.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	23.68B	22.66B	18.43B	14.34B	10.82B	5.17B
Gross Profit	10.08B	8.87B	4.81B	3.13B	2.41B	1.45B
EBITDA	6.04B	5.77B	4.17B	3.43B	2.84B	1.71B
Net Income	4.01B	3.82B	2.97B	2.45B	2.14B	1.35B
Balance Sheet
Total Assets	0.00	36.22B	32.83B	20.11B	18.27B	7.53B
Cash, Cash Equivalents and Short-Term Investments	15.26B	15.44B	13.70B	7.80B	6.05B	632.45M
Total Debt	0.00	820.95M	1.83B	1.06B	1.49B	1.19B
Total Liabilities	-29.46B	6.75B	7.85B	5.44B	6.48B	3.93B
Stockholders Equity	29.46B	29.46B	24.98B	14.65B	11.78B	3.59B
Cash Flow
Free Cash Flow	0.00	2.66B	1.47B	1.68B	1.33B	525.07M
Operating Cash Flow	0.00	4.26B	2.62B	2.60B	2.06B	1.02B
Investing Cash Flow	0.00	-1.14B	-5.77B	-1.97B	-5.56B	-1.75B
Financing Cash Flow	0.00	-918.13M	7.83B	-590.45M	6.15B	530.86M

Affle (India) Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1833.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AFFLE, the sentiment is Negative. The current price of 1833.9 is below the 20-day moving average (MA) of 1913.58, below the 50-day MA of 1964.09, and above the 200-day MA of 1766.88, indicating a neutral trend. The MACD of -23.30 indicates Positive momentum. The RSI at 35.56 is Neutral, neither overbought nor oversold. The STOCH value of 40.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AFFLE.

Affle (India) Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RSYSTEMS	73 Outperform	₹49.29B	25.49	―	3.00%	4.36%	35.84%
SONATSOFTW	69 Neutral	₹104.81B	24.22	―	0.33%	16.11%	45.45%
AFFLE	66 Neutral	₹257.92B	61.41	―	―	19.55%	20.85%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TEJASNET	54 Neutral	₹95.86B	―	―	0.46%	-17.23%	-185.73%

Affle (India) Ltd. Corporate Events

Affle 3i Limited Engages with Analysts and Investors

Affle 3i Limited announced its participation in several analyst and investor meetings, including one-on-one calls with ICICI Securities and Phillip Capital, as well as an in-person meeting with Select Equity from Japan. These interactions are part of the company’s ongoing efforts to engage with stakeholders and provide updates on its business operations, though no unpublished price-sensitive information was disclosed.

Affle 3i Limited Releases FY 2024-25 Sustainability Report

Affle 3i Limited has released its Business Responsibility and Sustainability Report for the fiscal year 2024-2025, as part of its annual reporting obligations. This report, which complies with SEBI regulations, underscores the company’s commitment to sustainable business practices and transparency, potentially enhancing its reputation and stakeholder trust in the competitive mobile advertising industry.