AFEL
A.F. Enterprises financials
- Market cap
- ₹6 Cr
Quarterly results
Q3 FY25: revenue up 370.0%, net profit up 6.7% against the same quarter last year.
| Line item | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20 | 1 | 1 | 1 | 5 −74% | 1 +23% | 0 −55% | 6 +370% |
| EBITDA | -1 | -1 | -0 | -0 | 0 +107% | -0 +80% | -0 −25% | 0 +367% |
| Net profit | -2 | -0 | 0 | -0 | 0 +117% | -0 +17% | -0 −285% | -0 +7% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −34.7% 1Y
1Y: ₹2.65 on 9 Sept 2025 → ₹1.73. High ₹2.91 (11 Sept 2025), low ₹1.6 (8 Jul 2026).
Financials, as filed
Revenue fell 65.0% a year over 1 year, FY23 to FY24. Operating margin widened to -9.5%.
| Year ending | FY23 | FY24 |
|---|---|---|
| Revenue | ₹24 Cr | ₹8 Cr |
| Operating profit | ₹-4 Cr | ₹-1 Cr |
| Operating margin | -17.9% | -9.5% |
| Interest | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr |
| Net profit | ₹0 Cr | ₹-0 Cr |
| Net margin | 1.4% | -0.1% |
| Cash from operations | ₹-15 Cr | ₹-0 Cr |
| Free cash flow | ₹-16 Cr | ₹-0 Cr |
| ROCE | -0.5% | -2.2% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|
| Equity capital | ₹10 Cr | ₹13 Cr | ₹14 Cr | ₹14 Cr |
| Reserves | ₹1 Cr | ₹6 Cr | ₹19 Cr | ₹24 Cr |
| Borrowings | ₹3 Cr | ₹7 Cr | ₹6 Cr | ₹6 Cr |
| Other liabilities | ₹112 Cr | ₹119 Cr | ₹114 Cr | ₹90 Cr |
| Total liabilities | ₹126 Cr | ₹144 Cr | ₹153 Cr | ₹134 Cr |
| Fixed assets | ₹7 Cr | ₹6 Cr | ₹7 Cr | ₹5 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹119 Cr | ₹138 Cr | ₹146 Cr | ₹129 Cr |
| Total assets | ₹126 Cr | ₹144 Cr | ₹153 Cr | ₹134 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2025
Since Mar 2024, promoters trimmed −3.43 pp while the public added +3.43 pp. The shareholder count grew 210% to 23,182.
- Promoters
- 2.3%
- Public
- 97.7%
Since Mar 2024
- Promoters −3.43 pp
- Public +3.43 pp
How it drifted, 12 quarters
Over this window promoters fell from 6.3% to 2.3% — −4.0 pp.
Ownership split by quarter, oldest first. Jun '22: Promoters 6.3%, Public 93.8%.Sep '22: Promoters 6.3%, Public 93.7%.Dec '22: Promoters 6.3%, Public 93.7%.Mar '23: Promoters 5.7%, Public 94.3%.Jun '23: Promoters 5.7%, Public 94.3%.Sep '23: Promoters 5.7%, Public 94.3%.Dec '23: Promoters 5.7%, Public 94.3%.Mar '24: Promoters 5.7%, Public 94.3%.Jun '24: Promoters 5.7%, Public 94.3%.Sep '24: Promoters 2.3%, Public 97.7%.Dec '24: Promoters 2.3%, Public 97.7%.Mar '25: Promoters 2.3%, Public 97.7%.
Who bought this quarter
since Dec 2024
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Shailesh Dhameliya newly disclosed 1.90% held
- Kaushal Hiteshbhai Parikh +1.27 pp 6.94% held
- Vipul Narayanbhai Patel +1.16 pp 3.99% held
- Pravinaben Sanjaysinh Jadeja newly disclosed 1.06% held
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2025 filing
Every holder of A.F. Enterprises Limited above SEBI's 1% disclosure line, and what changed since Dec 2024.
| Holder | Stake | Change |
|---|---|---|
| Kaushal Hiteshbhai Parikh | 6.94% | +1.27 pp |
| Seifer Richard Mascarenhas | 5.71% | unchanged |
| Rds Corporate Services Private Limited | 4.25% | unchanged |
| Vipul Narayanbhai Patel | 3.99% | +1.16 pp |
| Smita Khurana | 2.84% | unchanged |
| Rms Mosquto Private Limited | 2.29% | unchanged |
| Milan Sanchaniya | 2.27% | unchanged |
| Santosh Kumar Kushawaha | 2.13% | unchanged |
| Shailesh Dhameliya | 1.90% | newly disclosed |
| Glaston Mario Menezes | 1.70% | unchanged |
| Anjaneyaputra Human Resource Consultancy Private Limited | 1.54% | unchanged |
| Manoj Agrawal | 1.42% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse A.F. Enterprises Limited
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