Past 10 year's financial track record analysis by Moneyworks4me indicates that Affle (India) Ltd is a good quality company.
The key valuation ratios of Affle (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Affle (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0% | 74.5% | 43.1% | 39.4% | 28% | 20.2% | 16.3% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | 4.3 | 2.1 | 1.9 | 1.1 | 0.5 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 249 | 334 | 517 | 1,082 | 1,434 | 1,843 | 2,067 |
| Sales YoY Gr. | - | NA | NA | NA | NA | 33.8% | 54.8% | 109.3% | 32.6% | 28.5% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 0 | 4.1 | 5.2 | 10.6 | 15.8 | 17 | 20.6 | 24.4 |
| YoY Gr. | - | NA | NA | NA | NA | 27.5% | 104.4% | 48.5% | 8.1% | 20.7% | - |
| BVPS (₹) ⓘ | 0 | 0 | 0 | 0 | 6 | 18 | 28.1 | 88.2 | 109.3 | 177.2 | 192 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 0 | 49.4 | 66.1 | 135 | 210 | 227 | 288 | 343 |
| Cash Flow from Ops. ⓘ | 0 | 0 | 0 | 0 | 47.8 | 71.9 | 102 | 206 | 260 | 262 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | 0.2 | 0.9 | 1.2 | 0.7 | 0.4 | 0.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 49.2% | 52.8% | 28.5% | ||||
| Adj EPS ⓘ | NA | 38.3% | 24.7% | 20.7% | ||||
| BVPSⓘ | NA | 97.1% | 84.7% | 62.2% | ||||
| Share Price | - | 35.6% | 10.2% | 46.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 0 | 0 | 0 | 68.2 | 43.9 | 46 | 27.3 | 17.2 | 14.5 | 13.2 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 28.5 | 26.2 | 25.1 | 19.6 | 20.1 | 19.5 | 20 |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 19.8 | 19.8 | 26.2 | 19.5 | 15.9 | 15.6 | 16.6 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0.1 | 0.3 | 0.3 | 0.1 | 0.1 | 0.1 | 0 |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 0 | 115 | 131 | 102 | 115 | 133 | 170 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 0 | -30 | -32 | -23 | -20 | -22 | 119 |
Sales growth is growing at healthy rate in last 3 years 52.78%
Net Profit is growing at healthy rate in last 3 years 24.67%
Sales growth is good in last 4 quarters at 32.13%
Return on Equity has declined versus last 3 years average to 13.20%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7 | 24.4 |
| TTM Sales (₹ Cr.) | 634 | 2,067 |
| BVPS (₹.) ⓘ | 128.3 | 192 |
| Reserves (₹ Cr.) ⓘ | 1,773 | 2,667 |
| P/BV ⓘ | 12.27 | 8.20 |
| PE ⓘ | 226.33 | 64.42 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 998.00 / 1715.00 |
| All Time Low / High (₹) | 150.21 / 1715.00 |
| Market Cap (₹ Cr.) | 22,090 |
| Equity (₹ Cr.) | 28.1 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 73.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 249 | 334 | 517 | 1,082 | 1,434 | 1,843 |
| Operating Expenses ⓘ | 179 | 247 | 387 | 870 | 1,145 | 1,483 |
| Manufacturing Costs | 134 | 193 | 298 | 681 | 886 | 1,128 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 21 | 27 | 54 | 130 | 187 | 235 |
| Other Costs ⓘ | 24 | 27 | 35 | 59 | 72 | 120 |
| Operating Profit ⓘ | 70 | 87 | 130 | 212 | 289 | 360 |
| Operating Profit Margin (%) | 28.2% | 26.0% | 25.1% | 19.6% | 20.1% | 19.5% |
| Other Income ⓘ | 0 | 7 | 42 | 73 | 54 | 57 |
| Interest ⓘ | 1 | 1 | 4 | 7 | 11 | 19 |
| Depreciation ⓘ | 10 | 13 | 20 | 32 | 49 | 72 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 60 | 79 | 148 | 245 | 282 | 327 |
| Tax ⓘ | 11 | 14 | 13 | 30 | 36 | 30 |
| Profit After Tax | 49 | 66 | 135 | 215 | 245 | 297 |
| PAT Margin (%) | 19.6% | 19.6% | 26.1% | 19.8% | 17.1% | 16.1% |
| Adjusted EPS (₹) | 4.0 | 5.1 | 10.6 | 16.1 | 18.4 | 21.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 72 | 229 | 359 | 1,175 | 1,455 | 2,483 | ||||
| Share Capital ⓘ | 24 | 25 | 25 | 27 | 27 | 28 | ||||
| Reserves ⓘ | 48 | 204 | 333 | 1,148 | 1,429 | 2,455 | ||||
| Minority Interest | 0 | 0 | 0 | 1 | 2 | 0 | ||||
| Debt | 9 | 64 | 117 | 148 | 103 | 178 | ||||
| Long Term Debt | 7 | 28 | 89 | 89 | 52 | 73 | ||||
| Short Term Debt | 2 | 36 | 28 | 59 | 51 | 105 | ||||
| Trade Payables | 52 | 75 | 126 | 256 | 252 | 383 | ||||
| Others Liabilities ⓘ | 39 | 55 | 181 | 259 | 214 | 268 | ||||
| Total Liabilities ⓘ | 172 | 423 | 783 | 1,840 | 2,026 | 3,312 | ||||
Fixed Assets | ||||||||||
| Gross Block | 120 | 243 | 456 | 829 | 975 | 1,405 | ||||
| Accumulated Depreciation | 63 | 80 | 96 | 130 | 189 | 261 | ||||
| Net Fixed Assetsⓘ | 57 | 163 | 361 | 699 | 786 | 1,144 | ||||
| CWIP ⓘ | 2 | 5 | 40 | 42 | 49 | 98 | ||||
| Investmentsⓘ | 0 | 0 | 76 | 135 | 0 | 37 | ||||
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Trade Receivables | 48 | 74 | 108 | 235 | 245 | 317 | ||||
Cash Equivalents  ⓘ
| 30 | 126 | 63 | 605 | 646 | 1,237 | ||||
| Others Assetsⓘ | 34 | 54 | 135 | 124 | 301 | 479 | ||||
| Total Assets ⓘ | 172 | 423 | 783 | 1,840 | 2,026 | 3,312 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 48 | 72 | 102 | 206 | 260 | 262 |
| PBT ⓘ | 60 | 79 | 148 | 245 | 282 | 327 |
| Adjustment ⓘ | 11 | 17 | -17 | -1 | 66 | 42 |
| Changes in Working Capital ⓘ | -14 | -14 | -17 | -10 | -47 | -72 |
| Tax Paid ⓘ | -9 | -11 | -12 | -28 | -40 | -34 |
| Cash Flow From Investing Activity ⓘ | -50 | -163 | -175 | -556 | -197 | -577 |
| Capex | -15 | -31 | -49 | -73 | -92 | -116 |
| Net Investments | -6 | -47 | 0 | -349 | -25 | -156 |
| Others ⓘ | -30 | -85 | -125 | -134 | -80 | -306 |
| Cash Flow From Financing Activityⓘ | 8 | 139 | 53 | 615 | -59 | 783 |
| Net Proceeds from Shares ⓘ | 0 | 86 | 0 | 591 | -8 | -3 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -1 | -1 | -2 | -3 | -6 | -13 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 9 | 54 | 55 | 27 | -45 | 799 |
| Net Cash Flow ⓘ | 6 | 48 | -20 | 265 | 4 | 468 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 67.43 | 43.45 | 45.94 | 28 | 18.67 | 15.1 | ||||
| ROCE (%) | 74.46 | 43.09 | 39.44 | 27.95 | 20.24 | 16.29 | ||||
| Asset Turnover Ratio | 1.45 | 1.12 | 0.86 | 0.82 | 0.74 | 0.69 | ||||
| PAT to CFO Conversion(x) | 0.98 | 1.09 | 0.76 | 0.96 | 1.06 | 0.88 | Working Capital Days | |||
| Receivable Days | 70 | 67 | 64 | 58 | 61 | 56 | ||||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Affle India was incorporated as ‘Tejus Securities Private Limited’ under the Companies Act, 1956, with a certificate of incorporation issued by the Registrar of Companies, Maharashtra (RoC) on August 18, 1994 at Mumbai. Subsequently, the name of the company was changed to ‘Affle (India) Private Limited’ and a fresh certificate of incorporation was issued by the RoC on September 29, 2006. The company was subsequently converted to a public limited company and the name of the company was changed to present name, i.e., ‘Affle (India) Limited’, and a fresh certificate of incorporation consequent upon conversion was issued by the RoC on July 13, 2018.
Affle is a global technology company with a proprietary consumer intelligence platform that delivers consumer engagement, acquisitions and transactions through relevant Mobile Advertising. The platform aims to enhance returns on marketing investment through contextual mobile ads and also by reducing digital ad fraud. While Affle's Consumer platform is used by online & offline companies for measurable mobile advertising, its Enterprise platform helps offline companies to go online through platform-based app development, enablement of O2O commerce and through its customer data platform.
Business area of the company:
The company is a global technology business. It has two business segments i.e Consumer Platform and Enterprise Platform. The company’s Consumer Platform primarily provides the services of new consumer conversions (acquisitions, engagements and transactions) through relevant mobile advertising; retargeting existing consumers to complete transactions for e-commerce companies through relevant mobile advertising; and an online to offline (O2O) platform that converts online consumer engagement into in-store walk-ins. The company’s Enterprise Platform primarily provides end-to-end solutions for enterprises to enhance their engagement with mobile users.
Products
Awards and Accreditations
Major events and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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