AFFLEInformation Technology

Affle 3i Limited

IT Enabled Services · ISIN INE00WC01027 · BSE 542752 · NSE EQ · FV ₹2
Last price
₹1,546
+0.69%today
What this company does

Affle 3i Limited operates in IT Enabled Services, part of the Information Technology sector. It booked ₹747 cr of revenue in its latest quarter (Q1 FY27) and kept 17.2% of sales as profit. It is the 5th largest of 9 IT Enabled Services companies we track, by market value.

In the report:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Information Technology, on all six measures of filed financials. Each measure is ranked against the 67–123 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
43

At close. Not part of the score.

Profitability & returns62

How much profit it earns on the money it employs

Balance sheet89

How much it owes, and whether earnings cover the interest

Cash quality77

Whether reported profit actually arrives as cash

Growth & consistency80

Whether sales and profit have grown, and how steadily

Valuation24

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Looks broadly healthyPriced in line with peers
Strengths
Makes a profit
Strong 17% net margin
Sales up 20% vs last year
Profit up 22% vs last year
Promoters hold 55%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in AFFLE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,546 +0.69%
latest close · 2026-09-17
52-wk low ₹872222 sessions so far52-wk high ₹1,748
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio42.3High
LowAverageHigh
P/B ratio5.95High
Below bookModerateHigh
EV / EBITDA26.7High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity14.1%Fair
WeakFairStrong ▸15%
Return on capital17.2%Strong
WeakFairStrong
Net margin17.2%Strong
ThinDecentStrong
EBITDA margin25.8%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover235.8×Strong
RiskyOkayStrong ▸5×
Current ratio3.41Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹21,734 cr
Book value
₹260
EPS
₹9.13
latest quarter
Net debt
₹-1,196 cr
more cash than debt
Enterprise value
₹20,539 cr
EBITDA
₹771 cr
annualised
EBIT
₹634 cr
annualised
Operating margin
21.2%
Return on assets
11.6%
Earnings yield
2.36%
P/S
7.27
Sales / share
₹212.5
Tax rate
18.6%
Face value
₹2
Shares
14.1 cr
Working capital
₹1,770 cr
Current assets
₹2,505 cr
Current liabilities
₹735 cr
Delivery %
47.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹274₹515, midpoint ₹472

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹747 cr
Other Income₹25 cr
Total Income₹772 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹66 cr
Finance Costs₹67.2 L
Depreciation & Amortisation₹34 cr
Other Expenses₹514 cr
Total Expenses₹614 cr
Profit before Tax₹158 cr
Tax Expense₹29 cr
Net Profit₹128 cr
Net margin on total income16.6%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹66 cr8.5%
Finance costs₹67.2 L0.1%
Depreciation & amortisation₹34 cr4.4%
Other expenses₹514 cr66.5%
Tax expense₹29 cr3.8%
Profit for the period₹128 cr16.6%
Total income ₹772 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue717 cr724 cr747 cr
Total income735 cr746 cr772 cr
Expenses589 cr598 cr614 cr
Profit before tax146 cr148 cr158 cr
Tax27 cr29 cr29 cr
Net profit (owners' share)119 cr120 cr128 cr
Net margin (owners' share, on revenue)16.6%16.5%17.2%
EPS (₹)8.508.519.13
YoY (latest quarter): total income +21.1% · net profit +21.7%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹4,421 cr
Shareholder equity
₹3,652 cr
parent shareholders
Total debt
₹12 cr
Cash
₹1,207 cr
Cash flow · H1 FY26
Operating
₹183 cr
Investing
₹-240 cr
Financing
₹-29 cr
Peer comparison
IT Enabled Services · by market value
CompanyPriceMarket capP/E
L&T Technology Services Limited₹3,324₹35,238 cr25.1
Tata Technologies Limited₹759₹30,809 cr42.6
Inventurus Knowledge Solutions Limited₹1,729₹29,538 cr37.4
Netweb Technologies India Limited₹4,579₹26,070 cr76.4
Affle 3i Limitedthis company₹1,546₹21,734 cr42.3
SAGILITY LIMITED₹45₹20,851 cr24.2
Black Box Limited₹766₹13,611 cr60.8
Amagi Media Labs Limited₹574₹12,425 cr96.4
E2E Networks Limited₹604₹12,424 cr70.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Stock splitStock Split From Rs.10/- to Rs.2/-7 Oct 2021
Who owns it · 2026-06-30
No pledge
Promoter
54.9%
FII / Foreign
15.4%
DII / Domestic
18.8%
Retail / others
10.8%
Promoter stake down 2.0% over the last 12 quarters.
Smart-money activity
Insider trades
SoldAffle (India) Limited Employees Welfare Trust · Trust1,060 · ₹16.8 L9 Sep 26
SoldAffle (India) Limited Employees Welfare Trust · Trust231 · ₹3.7 L8 Sep 26
SoldAffle (India) Limited Employees Welfare Trust · Trust231 · ₹3.9 L25 Aug 26
Bulk / block deals
short · NSE18 Sep 26
short · NSE5012 Aug 26
short · NSE2015 May 26
Stake changes
BoughtAffle Holdings Pte. Ltd · promoter→ 40.64% · 74.00 L18 Jun 26
BoughtAxis Trustee Services Limited, GIFT City branch (as facility agent) and Axis Trustee Services Limited (as security agent)→ 54.99% · 7.73 cr5 Jun 26
SoldAffle Holdings Pte. Ltd. · promoter→ 40.81% · 25.00 L26 Jun 24
Promoter pledges
Pledged1. Citibank N.A, Singapore Branch 2. Hong Kong & Shanghai Banking Corporation, Singapore2.01 cr · 0.00% held5 Jun 26
Pledged1. Axis trustee servies Ltd 2) Axis Serices Ltd GIFT3) The honkong and Shanghai Banking corporation ltd singapore branch and Citibank2.01 cr · 0.00% held5 Jun 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 23 Sep 2025
See the official result
1
To consider and adopt the audited financial statements (including the consolidated financial statements) of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors (“the Board ) and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
4.31 cr votes for, 1.31 L against · 0% of mutual funds and other big investors said no
2
To appoint Mr. Charles Yong Jien Foong (DIN: 08160891), Non-Executive Director who is retiring by rotation and being eligible for re-appointment, seeks re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
4.32 cr votes for, 27,911 against · 0% of mutual funds and other big investors said no
3
Appointment of Secretarial Auditor of the Company
Backed by 100% of shareholders other than promotersneeded 50%
4.32 cr votes for, 144 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 3 named members
owning 54.9% between them · as of 2026-06-30
AFFLE HOLDINGS PTE LTD40.64%
AGPL PTE LTD14.27%
ANUJ KHANNA SOHUMno shares
Business done with them
FY2025 · 3 of the group
The company paid ₹2.5 L to companies in the promoter group last year — about 0.0% of its ₹2,266 cr revenue and received ₹1 cr back from them.
Affle Holdings Pte. Ltd.
Provided services to them · Revenue and capital
also owns 40.64% of the company
₹1 cr
company received
Affle Global Pte. Ltd.,
Provided services to them · Revenue and capital
₹25.2 L
company received
Anuj Khanna Sohum
Other payments to them · Revenue and capital
₹2.5 L
company paid

The company also transacted with 10 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it
1 fundraise spent differently than promised

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹275 cr raised in Jun 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 0% of what it set aside. ACER Credit Rating Private Limited watches the spending on the exchange’s behalf.

Funding requirements for inorganic growth objectives of the Company
0%
of what was set aside
General Corporate Purpose
0%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

₹737 cr raised in Nov 2023 by selling shares to selected investors
⚑ company reported a change of plan

As of Jun 2026, the company says it has spent 23% of what it set aside, leaving ₹797 cr still to be spent. ICRA Limited watches the spending on the exchange’s behalf.

Pursuant to review of the business requirements and prevailing market opportunities, the Board of Directors of the Company believes that the Company has sufficient cash balances, Accordingly, with the approval of the shareholders, the object clause is changed to utilize the unutilized proceeds of Rs. 297.42 crores from the preferential issue towards inorganic growth opportunitiesthe company’s own explanation, as filed · shareholders approved the change
Development and/or expansion of technologies, intellectual property, platforms and/or product propositions either by way of investment to enable in-house development of technology (including in Subsidiaries of the Company) or by way of other suitable investments (including purchase of technology)
11%
₹38 cr of ₹335 cr
Funding inorganic growth opportunities of the Company and its Subsidiaries
originally ₹150 cr
budget changed
0%
₹0 cr of ₹447 cr
Repayment of outstanding liabilities of the Subsidiaries of our Company in relation to certain of their prior acquisitions
100%
₹75 cr of ₹75 cr
General Corporate Purpose
71%
₹126 cr of ₹177 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.