AFFLE

Affle 3i share price & results

Affle 3i· Information Technology

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Oct 2026

AI-led global adtech platform monetizing app conversions via its Cost-Per-Converted-User (CPCU) pricing model

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Guidance Hit Rate
17 targets · 67% hit rate 4 achieved · 11 active →
Segment Shift
2 segments tracked See revenue & margin mix below →
Reverse DCF
Reality Gap Ready Test priced-in growth in DCF tool →
Concall & Tone
Q1 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹1,626.1 +2.85% · +₹45.1

Last close 9 Nov 2026 · NSE · INR · Source: Inve

Performance −6.9% 1Y

₹1.4k₹1.6k₹1.8kNov 25Dec 25Feb 26Mar 26May 26Jun 26Aug 26Sept 26Nov 26Q3 FY26 — 2 Feb 2026Q4 FY26 — 11 May 2026Q1 FY27 — 10 Aug 2026

1Y: ₹1,747.2 on 7 Nov 2025 → ₹1,626.1. High ₹1,821.9 (5 Jan 2026), low ₹1,268.7 (23 Mar 2026).

Previous close
₹1,581
Market cap
₹23.4k Cr
52-week range
₹1,268.7 – ₹1,821.9
One year
−6.75%
Price to earnings (TTM to Sept 2026)
47.08×
Return on equity (TTM to Sept 2026)
11.75%

Reported

Key financial metrics & valuation ratios

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue784 ₹ crore+21.2% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin23.0 %0.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit130 ₹ crore+17.1% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity11.75 %−0.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin10.74 %−1.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026
(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)20.23 %−3.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Business Mix

Where revenue comes from

2 operating segments · As of 30 Sept 2023

Outside India 69.5% · ₹304.54 Cr +2.6pp mix
India 30.5% · ₹133.83 Cr −2.6pp mix

Explore full multi-period segment shift & margins →

Guidance

What management said, and what became of it

4 of 6 judged targets kept · 11 open · verdicts reflect calls analysed to Q1 FY27.

Affle 3i management guidance track record on Inve: 17 targets tracked across analysed earnings calls (4 achieved, 2 missed, 11 open).

Watch execution in Growth & Demand (1 achieved · 1 delayed/missed) · Operations & Margins (1 delayed/missed).

TargetOriginal wordingSaidLatest callVerdict
Growth Annual Revenue Growth FY25
20%+
Call transcript, Q2 FY25 · 11 Nov 2024
Q2 FY25
Q1 FY27:Target period FY25 is complete. Promise was achieved.
Call transcript, Q1 FY27 · 10 Aug 2026
Achieved
Operations Human Resource Cost Increase
No steep increase
Call transcript, Q4 FY25 · 12 May 2025
Q4 FY25
Q1 FY27:Target period FY26 is complete. Promise was not verified due to lack of data.
Call transcript, Q1 FY27 · 10 Aug 2026
Ghosted
Growth M&A Activity
1 meaningfully sized transaction in 2026
Call transcript, Q3 FY26 · 2 Feb 2026
Q3 FY26
Q1 FY27:Management is making strong progress and is in the due diligence phase, but now aims to close the larger M&A by early 2027, pushing the timeline beyond the original 2026 target.
Call transcript, Q1 FY27 · 10 Aug 2026
Delayed

Source: Inve Guidance Tracker for Affle 3i · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Affle 3i's 17 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 14 more targets are in the full ledger.

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Supply chain

Cross-company call evidence

Named counterparties and similar headwinds disclosed on earnings calls.

Counterparties named by Affle 3i

  • Affle 3i → acquires or invests in → Larger Inorganic Acquisition.

    Q1 FY27 · Announced · Positive · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    Accelerate expansion across Developed Markets by providing deeper and differentiated access to customers and verticals. Must be accretive to bottom line, support sensible margin profile, and not slow down growth trajectory.

    “In parallel to our organic growth initiatives, we would like to transparently update our shareholders that we are making strong progress on the larger inorganic acquisition, as we enter the phase of due diligence by third-party advisors appointed by us. We aim to close the larger M&A by early 2027 and the identified targets shall accelerate our expansion across Developed Markets by providing deeper and differentiated access to customers and verticals. ... Now, what we are looking for is completing the process by early 2027. In terms of our approach, I think we are clear that any acquisition that we would do has to be accretive on the bottom line. It has to be supporting the sensible margin profile for the business and more importantly, not slowing us down on the growth trajectory.”

    Disclosure indicates an acquisition or investment without specifying full buyout versus minority stake.

    Evidence drawer

    Evidence type: Transcript excerpt

    “In parallel to our organic growth initiatives, we would like to transparently update our shareholders that we are making strong progress on the larger inorganic acquisition, as we enter the phase of due diligence by third-party advisors appointed by us. We aim to close the larger M&A by early 2027 and the identified targets shall accelerate our expansion across Developed Markets by providing deeper and differentiated access to customers and verticals. ... Now, what we are looking for is completing the process by early 2027. In terms of our approach, I think we are clear that any acquisition that we would do has to be accretive on the bottom line. It has to be supporting the sensible margin profile for the business and more importantly, not slowing us down on the growth trajectory.”

    Source company: Affle 3i · Counterparty: Larger Inorganic Acquisition · Call date: 2026-08-10 · Period: Q1 FY27 · Review status: Structured call extraction

  • Affle 3i → acquires or invests in → AdColony assets.

    Q1 FY27 · Closed / completed · Positive · Counterparty named; listed-company identity not verified.

    1. Proposed
    2. Announced
    3. Active
    4. Completed / ended

    Enhances publisher ecosystem and audience intelligence, reinforcing ability to deliver premium consumer conversions with measurable ROI for advertisers globally. Unlocks significant competitive advantage by activating over 100,000 mobile apps to reach over 500 million connected devices in Developed Markets.

    “The strategic acquisition of AdColony assets enhances our publisher ecosystem and audience intelligence capability, further reinforcing our ability to deliver premium consumer conversions with measurable ROI for advertisers globally. We aim to unlock significant competitive advantage by activating over 100,000 mobile apps to reach over 500 million connected devices in Developed Markets this year. ... In fact, in year 2020-21, we had an opportunity to look at the acquisition of AdColony as an entire company, not just the assets that we acquired, but the entire business and the entity of AdColony. At that time, the pricing that we were asked to bid was around $400 million. So, AdColony is a big name in the ecosystem. What we have now managed to do in 2026, which I see as a windfall strategic gain, is to buy those strategic assets with which we can now organically, in the normal course of business, with our own existing teams and as part of our business development activities, without incurring dramatically new costs or anything like that, the apps that we already deal with, we will be able to activate them with the SDK integration in the normal course of business through this year.”

    Disclosure indicates an acquisition or investment without specifying full buyout versus minority stake.

    Evidence drawer

    Evidence type: Transcript excerpt

    “The strategic acquisition of AdColony assets enhances our publisher ecosystem and audience intelligence capability, further reinforcing our ability to deliver premium consumer conversions with measurable ROI for advertisers globally. We aim to unlock significant competitive advantage by activating over 100,000 mobile apps to reach over 500 million connected devices in Developed Markets this year. ... In fact, in year 2020-21, we had an opportunity to look at the acquisition of AdColony as an entire company, not just the assets that we acquired, but the entire business and the entity of AdColony. At that time, the pricing that we were asked to bid was around $400 million. So, AdColony is a big name in the ecosystem. What we have now managed to do in 2026, which I see as a windfall strategic gain, is to buy those strategic assets with which we can now organically, in the normal course of business, with our own existing teams and as part of our business development activities, without incurring dramatically new costs or anything like that, the apps that we already deal with, we will be able to activate them with the SDK integration in the normal course of business through this year.”

    Source company: Affle 3i · Counterparty: AdColony assets · Call date: 2026-08-10 · Period: Q1 FY27 · Review status: Structured call extraction

Similar pressures reported by peers

Tailwind coverage is not available yet.

Similar commentary provides sector context; it does not establish a business relationship with Affle 3i. Each comparison matches a headwind disclosed by Affle 3i in the same calendar reporting quarter.

  • Impacted certain customer segments like RMG and FinTech, leading to slower growth in those…

    Topic: Regulatory compliance · Regulatory policy · Q1 FY27

    Affle 3i reported: Impacted certain customer segments like RMG and FinTech, leading to slower growth in those specific areas, though 95% of revenues still grew >25% y-o-y.

    Reporting period ended 2026-06-30

    7 other companies · Regulatory policy

    Persistent Systems Limited (PERSISTENT) reported (period ended 2026-06-30): Analyst raised concerns about Nagarro's historical regulatory scrutiny regarding its carve-out and accounting practices.

    Zensar Technologies Limited (ZENSARTECH) reported (period ended 2026-06-30): Slowdown in FDA decision-making and some adverse FDA decisions did not help the Healthcare & Life Sciences vertical, which focuses heavily on biotech clients.

    eMudhra Limited (EMUDHRA) reported (period ended 2026-06-30): Transition to new global security standard (FIPS 140-3) for digital signature tokens reduced demand for legacy tokens, impacting Trust Service revenue.

    Mobavenue AI Tech Limited (MOBAVENUE) reported (period ended 2026-06-30): Regulatory front is not under control of many people, so need to be really careful.

    Evidence drawer

    Evidence type: Summary paraphrase

    Impacted certain customer segments like RMG and FinTech, leading to slower growth in those specific areas, though 95% of revenues still grew >25% y-o-y.

    Source company: Affle 3i · Reporting period ended 2026-06-30 · Calendar quarter: Q1 FY27 · Distinct companies matched: 7

    Similar commentary provides sector context; it does not establish a business relationship.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

AFFLE ₹1,626.1 +2.85%
Guidance Verdict (17 tracked) 4 kept · 11 open· 2 missed
AI Call Brief · Q1 FY27

Affle 3i Q1 FY27

Overview

Symbol
NSE:AFFLE
Exchange
NSE
Currency
INR

What Affle 3i does

Based on the company's own presentations, annual report and earnings calls.

Affle 3i operates a global "Consumer Platform" that uses AI/ML and a proprietary Data Management Platform to deliver personalised mobile advertising recommendations and conversions for brands, spanning mobile in-app, connected TV (CTV) and digital out-of-home (DOoH) touchpoints. It earns through its Cost-Per-Converted-User (CPCU) model, charging advertisers for measurable outcomes (new-user acquisition, repeat-user engagement, or online-to-offline footfall) rather than raw impressions. The platform integrates directly with advertisers' first-party data and includes in-house ad-fraud detection technology (mFaas) to distinguish human from non-human traffic. Affle serves direct advertisers across verticalized industry categories such as e-commerce, fintech, gaming, foodtech, edtech, FMCG and healthtech through multiple platform brands under its unified CPCU model.

Segments

  • India & Emerging Markets
  • Developed Markets
Connected devices reached
4 billion+
Countries where ads are served
130+
Patent portfolio
39 unique patents (18 granted, 21 filed & pending)
Industry verticals served
12 (E-commerce, Fintech, Entertainment, Foodtech, Edtech, FMCG, Gaming, Healthtech, Groceries, Hospitality & Travel, Government, Home & Other Utilities)
Technology and data platform/operations professionals
370+ (183 technology, 187 data platform & operations)
Global accreditations
Data Protection Trustmark (DPTM) certified; ISO 27001:2022 certified
Founded 1994Headquarters New Delhi (registered office) / Gurugram, Haryana (corporate office), India Company website

How the price took the results

Moved an average of ±3.9% across the last 3 priced result releases

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Rev YoYBefore → AfterReaction
Q1 FY2710 Aug 26747 128+20.3%₹1,645.6 → ₹1,594.5−3.1%
Q4 FY2611 May 26724 120+20.3%₹1,506.3 → ₹1,635.2+8.6%
Q3 FY262 Feb 26717 119+19.1%₹1,595.4 → ₹1,594.9−0.0%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

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PEER COMPARISON
Median ₹23,399 Cr Mkt Cap
₹0 Cr₹20,000 Cr₹40,000 Cr₹60,000 CrAffle 3i (AFFLE): ₹23,399 Cr₹23,399 CrAFFLETata Technologies Limited (TATATECH): ₹28,633 Cr₹28,633 CrTATATECHInventurus Knowledge Solutions Limited (IKS): ₹28,347 Cr₹28,347 CrIKSNetweb Technologies India Limited (NETWEB): ₹26,085 Cr₹26,085 CrNETWEBTata Elxsi (TATAELXSI): ₹24,237 Cr₹24,237 CrTATAELXSISagility Limited (SAGILITY): ₹20,907 Cr₹20,907 CrSAGILITYKPIT Technologies Limited (KPITTECH): ₹14,557 Cr₹14,557 CrKPITTECHBlack Box (BBOX): ₹14,470 Cr₹14,470 CrBBOXFractal Analytics Limited (FRACTAL): ₹14,082 Cr₹14,082 CrFRACTAL

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Quick Answers

Frequently asked questions on Affle 3i

Compiled directly from AFFLE's filed financial statements, earnings call transcripts, and ownership disclosures.

How did Affle 3i (AFFLE) perform in its latest reported quarter (Sept 2026)?

For the quarter ended Sept 2026, Affle 3i reported revenue of ₹784 Cr, net profit of ₹130 Cr, an operating margin of 23.0%. Diluted earnings per share stood at ₹9.21.

How is Affle 3i (AFFLE) valued today, and what growth does the stock price imply?

Affle 3i (AFFLE) trades at ₹1,626.1, with a market capitalization of ₹23.4k Cr. Reverse-DCF analysis shows the current stock price implies 29.9% annual earnings growth over the next 7 years compared with its historical net-profit CAGR of 31.0%.

Who owns Affle 3i (AFFLE) — promoters, FIIs, DIIs, and mutual funds?

As of Oct 2026, Promoters hold 55.8%, FIIs hold 14.2%, DIIs hold 18.7%, Public shareholders hold 11.1%.

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