Affle (India) Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 11291.45 Crore) operating in Services sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 150.48 Crore, up 11.51 % from last quarter Sales of Rs 134.95 Crore and up 59.30 % from last year same quarter Sales of Rs 94.46 Crore Company reported net profit after tax of Rs 30.68 Crore in latest quarter.
Investment Rationale
Robust growth in the Indian region (30% CAGR over the next five years) led by higher online shopping and improved penetration in tier-2 & tier-3 cities of India is expected to drive topline. This coupled with geographic expansion and significant shift among consumers to adopt digital technology globally will drive long term revenues. In addition, the company’s unique business model, healthy PAT growth (CAGR of 40%) prompts the brokerage to remain positive on the stock.
Promoter/FII Holdings
Promoters held 68.37 per cent stake in the company as of March 31, 2020, while FIIs held 7.54 per cent, DIIs 11.37 per cent and public and others 12.69 per cent.
