Skip to content

    Affle 3i

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

    Information Technology
    Information Technology
    View AFFLE earnings calls
    ₹1,463.7
    +0.22% from avg

    Overview

    Price

    ₹1,463.7

    Market Cap

    ₹21.0k Cr

    Sector

    Information Technology

    Information Technology

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital2626272728282828
    Reserves2043331.2k1.4k2.5k2.9k3.2k3.6k
    Borrowings68119149106183823815
    Other Liabilities105275497437592583619754
    Total Liabilities4027531.8k2.0k3.3k3.6k3.9k4.4k
    AssetsFixed Assets1633616997861.1k1.2k1.4k1.5k
    CWIP54042499811100
    Investments07613503763113114
    Other Assets2342769481.2k2.0k2.2k2.4k2.8k
    Total Assets4027531.8k2.0k3.3k3.6k3.9k4.4k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating4872102206260262426502
    Cash from Investing-50-162-175-554-186-572-92-374
    Cash from Financing813953615-59783-92-43
    SummaryCapital Expenditure
    Free Cash Flow334152133168147266291
    FCF Margin

    Valuation

    Assumptions

    Current — AFFLE
    Price
    ₹1,464
    EPS (TTM)
    ₹32.33
    PE (TTM)
    45.3
    Profit growth
    23.0%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (58.7×) and current (45.3×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,464
    vs
    Fair value · 15% return
    ₹1,869
    28%Undervalued

    At 23% growth and a 45× exit, ₹1464 only delivers your return if you pay ₹1,869. The price is currently baking in 18% growth.

    EPS grows 23%/yr for 5 years, then fades to 6% over 2, exits at 45×.

    YearGrowthEPS (₹)
    FY2723.0%39.77
    FY2823.0%48.91
    FY2923.0%60.16
    FY3023.0%74.00
    FY3123.0%91.02
    FY3214.5% ·fade104.22
    FY336.0% ·fade110.47

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Affle 3i

    Guides on how to read this kind of business and the numbers that matter.