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Last Updated: April 2, 2026, 2:33 am
Author: Getaka|Social: XLinkedIn

Affle India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,219.19Overvalued by 15.16%vs CMP ₹1,437.00

P/E (46.2) × ROE (14.0%) × BV (₹231.00) × DY (2.00%)

₹622.92Overvalued by 56.65%vs CMP ₹1,437.00
MoS: -130.7% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,392.3622%Fair (-3.1%)
Graham NumberEarnings₹402.5616%Over (-72%)
Earnings PowerEarnings₹176.3011%Over (-87.7%)
DCFCash Flow₹607.9313%Over (-57.7%)
Net Asset ValueAssets₹231.207%Over (-83.9%)
EV/EBITDAEnterprise₹491.529%Over (-65.8%)
Earnings YieldEarnings₹311.807%Over (-78.3%)
ROCE CapitalReturns₹576.969%Over (-59.8%)
Revenue MultipleRevenue₹241.365%Over (-83.2%)
Consensus (9 models)₹622.92100%Overvalued
Key Drivers: Wide model spread (₹176–₹1,392) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 14.2%

*Investments are subject to market risks

Investment Snapshot

65
Affle India Ltd scores 65/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health81/100 · Strong
ROCE 16.8% GoodROE 14.0% GoodD/E 0.27 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money85/100 · Strong
FII holding up 1.70% (6mo) AccumulatingDII holding up 1.05% MF buyingPromoter holding at 55.0% Stable
Earnings Quality50/100 · Moderate
OPM stable around 21% Steady
Quarterly Momentum68/100 · Strong
Revenue (4Q): +19% YoY GrowingProfit (4Q): +20% YoY Positive
Industry Rank40/100 · Moderate
P/E 46.2 vs industry 55.4 In-lineROCE 16.8% vs industry 29.6% Below peersROE 14.0% vs industry 69.5% Below peers3Y sales CAGR: 28% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:33 am

Market Cap 20,237 Cr.
Current Price 1,437
Intrinsic Value₹622.92
High / Low 2,187/1,221
Stock P/E46.2
Book Value 231
Dividend Yield0.00 %
ROCE16.8 %
ROE14.0 %
Face Value 2.00
PEG Ratio3.25

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Affle India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Affle India Ltd 20,237 Cr. 1,437 2,187/1,22146.2 2310.00 %16.8 %14.0 % 2.00
Sun TV Network Ltd 22,951 Cr. 582 691/48014.1 3132.58 %20.4 %15.7 % 5.00
PVR Inox Ltd 9,280 Cr. 945 1,250/826165 7240.00 %2.72 %4.18 % 10.0
Tips Industries Ltd 6,578 Cr. 515 718/48134.9 20.12.53 %109 %82.9 % 1.00
Sri Adhikari Brothers Television Network Ltd 5,008 Cr. 1,986 2,260/435 4.360.00 %39.2 %391 % 10.0
Industry Average8,164.00 Cr664.0355.38174.020.57%29.64%69.51%5.56

All Competitor Stocks of Affle India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 376356407431499506520543602602621647717
Expenses 296287328344402408415430470468481501554
Operating Profit 806978879798104113131134140146163
OPM % 21%19%19%20%19%19%20%21%22%22%23%23%23%
Other Income 16181010102725292119172218
Interest 3336554432211
Depreciation 14141418182019252627263233
Profit before tax 8070707383100107113124124129135146
Tax % 14%11%6%9%8%13%19%19%19%17%18%18%18%
Net Profit 6962666777878792100103106111119
EPS in Rs 5.184.684.975.015.486.246.186.567.137.347.507.868.48

Last Updated: February 6, 2026, 8:47 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 2:16 pm

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1672493345171,0821,4341,8432,2662,587
Expenses 1221792463878691,1461,4831,7832,004
Operating Profit 467088130213288360483583
OPM % 27%28%26%25%20%20%20%21%23%
Other Income 006427254579476
Interest 111471119137
Depreciation 810132032497297118
Profit before tax 376079148245282327468534
Tax % 24%18%17%9%12%13%9%18%
Net Profit 284966135215245297382438
EPS in Rs 2.294.025.1410.5716.0518.3621.2027.1831.18
Dividend Payout % 0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)75.00%34.69%104.55%59.26%13.95%21.22%28.62%
Change in YoY Net Profit Growth (%)0.00%-40.31%69.85%-45.29%-45.31%7.27%7.40%

Affle India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:47%
3 Years:28%
TTM:21%
Compounded Profit Growth
10 Years:%
5 Years:42%
3 Years:21%
TTM:26%
Stock Price CAGR
10 Years:%
5 Years:28%
3 Years:14%
1 Year:19%
Return on Equity
10 Years:%
5 Years:18%
3 Years:15%
Last Year:14%

Last Updated: September 4, 2025, 10:20 pm

Balance Sheet

Last Updated: December 4, 2025, 12:54 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 242426262727282828
Reserves 6482043331,1511,4382,4702,9183,228
Borrowings 09681191491061838238
Other Liabilities 4677105275497437592583619
Total Liabilities 761584027531,8242,0083,2733,6123,914
Fixed Assets 27571633616997861,1441,2211,413
CWIP 025404249981110
Investments 0007613503763113
Other Assets 49992342769481,1741,9932,2162,387
Total Assets 761584027531,8242,0083,2733,6123,914

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 424872102206260262426
Cash from Investing Activity + -29-50-162-175-554-186-572-92
Cash from Financing Activity + -4813953615-59783-92
Net Cash Flow 9649-2026716473242
Free Cash Flow 33334152133168147266
CFO/OP 108%80%94%87%110%104%82%104%

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow46.0061.0020.0011.0064.00182.00177.00401.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 3670817679626348
Inventory Days
Days Payable
Cash Conversion Cycle 3670817679626348
Working Capital Days -35-13-26-4-31291925
ROCE %108%43%39%28%20%16%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 59.89%59.89%59.89%56.93%56.92%55.14%55.09%55.03%55.02%55.00%54.97%54.95%
FIIs 11.43%9.97%9.66%14.35%14.79%15.30%15.55%16.49%16.09%18.42%19.02%17.79%
DIIs 11.95%13.57%14.28%14.71%14.72%16.21%15.59%14.57%15.31%13.82%14.68%16.36%
Public 16.68%16.52%16.12%13.95%13.50%13.33%13.70%13.80%13.47%12.69%11.23%10.80%
Others 0.06%0.06%0.06%0.05%0.07%0.05%0.09%0.08%0.10%0.09%0.11%0.11%
No. of Shareholders 3,64,6153,61,2003,52,8263,22,4993,08,4702,89,3622,83,4232,75,2412,76,0422,61,7242,52,6742,47,224

Shareholding Pattern Chart

No. of Shareholders

Affle India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 2,587,622 0.61 400.36N/AN/AN/A
ICICI Prudential India Opportunities Fund 1,534,759 0.68 237.461,396,0162026-02-23 01:21:599.94%
UTI Flexi Cap Fund 1,260,000 0.83 194.951,202,2052026-02-23 04:35:054.81%
Axis Small Cap Fund 1,214,969 0.74 187.98N/AN/AN/A
Canara Robeco Small Cap Fund 1,008,900 1.23 156.1696,9312025-12-07 05:52:1744.76%
ICICI Prudential MidCap Fund 937,069 2.08 144.981,056,6182025-09-04 00:49:03-11.31%
ICICI Prudential Multicap Fund 726,086 0.71 112.34624,7942026-01-26 01:57:5816.21%
Tata Digital India Fund 597,056 0.77 92.38565,9742026-01-26 01:57:585.49%
Franklin India Opportunities Fund 592,147 1.11 91.62N/AN/AN/A
Sundaram Services Fund 572,917 1.9 88.64558,3132026-01-26 01:57:582.62%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 2.002.002.0010.0010.00
Basic EPS (Rs.) 21.9118.4316.1852.9626.13
Diluted EPS (Rs.) 21.9118.4316.1852.9626.13
Cash EPS (Rs.) 26.3222.2018.5860.6630.93
Book Value[Excl.RevalReserv]/Share (Rs.) 178.30110.1788.51140.8889.88
Book Value[Incl.RevalReserv]/Share (Rs.) 178.30110.1788.51140.8889.88
Revenue From Operations / Share (Rs.) 131.53107.6781.17202.69130.91
PBDIT / Share (Rs.) 29.7825.7621.3767.1436.86
PBIT / Share (Rs.) 24.6722.0518.9459.4431.63
PBT / Share (Rs.) 23.3221.1918.4158.0231.07
Net Profit / Share (Rs.) 21.2218.4916.1552.9625.70
NP After MI And SOA / Share (Rs.) 21.2218.3716.0552.8725.70
PBDIT Margin (%) 22.6323.9226.3233.1228.15
PBIT Margin (%) 18.7520.4723.3329.3224.16
PBT Margin (%) 17.7319.6822.6728.6223.73
Net Profit Margin (%) 16.1317.1619.8926.1319.62
NP After MI And SOA Margin (%) 16.1317.0519.7726.0819.62
Return on Networth / Equity (%) 11.9016.6918.1537.5728.59
Return on Capital Employeed (%) 13.0918.2718.0427.1129.60
Return On Assets (%) 9.0512.1611.7017.9116.30
Long Term Debt / Equity (X) 0.020.030.070.240.12
Total Debt / Equity (X) 0.070.070.120.320.27
Asset Turnover Ratio (%) 0.690.330.440.750.88
Current Ratio (X) 3.072.892.201.291.79
Quick Ratio (X) 3.072.892.201.291.79
Interest Coverage Ratio (X) 22.1130.0740.2447.1066.09
Interest Coverage Ratio (Post Tax) (X) 16.7522.5831.4138.1547.07
Enterprise Value (Cr.) 13512.8112594.5516322.5613970.122523.24
EV / Net Operating Revenue (X) 7.338.7815.0927.037.56
EV / EBITDA (X) 32.3936.7157.3181.6126.85
MarketCap / Net Operating Revenue (X) 7.919.1615.5126.937.75
Price / BV (X) 5.838.9714.2438.7911.28
Price / Net Operating Revenue (X) 7.919.1615.5126.937.75
EarningsYield 0.020.010.010.010.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Affle 3I Ltd. is a Public Limited Listed company incorporated on 18/08/1994 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L65990DL1994PLC408172 and registration number is 80451. Currently Company is involved in the business activities of Other information technology and computer service activities n.e.c. Company's Total Operating Revenue is Rs. 714.39 Cr. and Equity Capital is Rs. 28.07 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Entertainment & MediaA47 Lower Ground Floor, Hauz Khas, New Delhi Delhi 110016Contact not found
Management
NamePosition Held
Mr. Anuj Khanna SohumManaging Director & CEO
Mr. Vivek Narayan GourNon Executive Director
Mr. Anuj KumarNon Executive Director
Mr. Charles Yong Jien FoongNon Executive Director
Mr. Reshma Prasad VirmaniInd. Non-Executive Director
Dr. Hanny KusnadiInd. Non-Executive Director
Mr. Sanjiv Kumar ChaudharyInd. Non-Executive Director
Dr. Simon Arthur ChestermanInd. Non-Executive Director
Mr. Piyush GuptaInd. Non-Executive Director

FAQ

What is the intrinsic value of Affle India Ltd and is it undervalued?

As of 17 April 2026, Affle India Ltd's intrinsic value is ₹622.92, which is 56.65% lower than the current market price of ₹1,437.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.0 %), book value (₹231), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Affle India Ltd?

Affle India Ltd is trading at ₹1,437.00 as of 17 April 2026, with a FY2026-2027 high of ₹2,187 and low of ₹1,221. The stock is currently near its 52-week low. Market cap stands at ₹20,237 Cr..

How does Affle India Ltd's P/E ratio compare to its industry?

Affle India Ltd has a P/E ratio of 46.2, which is below the industry average of 55.38. This is broadly in line with or below the industry average.

Is Affle India Ltd financially healthy?

Key indicators for Affle India Ltd: ROCE of 16.8 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Is Affle India Ltd profitable and how is the profit trend?

Affle India Ltd reported a net profit of ₹382 Cr in Mar 2025 on revenue of ₹2,266 Cr. Compared to ₹215 Cr in Mar 2022, the net profit shows an improving trend.

Does Affle India Ltd pay dividends?

Affle India Ltd has a dividend yield of 0.00 % at the current price of ₹1,437.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Affle India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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