As of 6 Nov 2026, Afcom Holdings trades at 22.1× trailing earnings, above the industry P/E of 18.8×, and the shares are 24% below their 52-week high. Its ROCE of 23% is the highest among the 7 largest Airlines peers, and sales and net profit grew 91% and 108% a year over 3 years. Debt is 0.54× equity. It is listed on an SME platform with a market cap of ₹3,720 Cr, ranked 26th of 75 Airlines companies by market cap; the shares rose 58% over the past year.
- ₹1,310.00
- ₹1,313.95
- ₹1,276.25
- ₹1,321.05
- 33.4K
Health check
- ReturnsAhead
+58.5% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 22.1 vs industry 18.8.
- GrowthStrong
Sales +90.6%, profit +107.8% a year over 3 years.
- ProfitabilityStrong
ROCE 22.9% vs peer median 11.0%.
- Balance sheetFair
Debt 0.54× equity, interest covered 8.6×, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹3,720 Cr
- Small cap
- P/E
- 22.1
- Industry 18.8
- Price to book
- 5.21
- Peers 3.28
- Dividend yield
- 0.00%
- ROE
- 29.9%
- Peers 9.6%
- ROCE
- 22.9%
- Peers 11.0%
- Debt to equity
- 0.54
- Debt ₹376 Cr
- EPS (TTM)
- ₹58.54
- OPM (TTM)
- 39.3%
- Net margin 21.9%
- Sales growth
- +48.1%
- Latest quarter vs a year ago
- Profit growth
- +86.1%
- Latest quarter vs a year ago
- Price to sales
- 5.81
- EV/EBITDA 18.9
Strengths and risks
Strengths
- Return on equity of 29.9%.
- Return on capital employed of 22.9%.
- Quarterly profit up 86.1% on a year ago.
- Quarterly sales up 48.1% on a year ago.
- Net margin of 21.9%.
About Afcom Holdings
Afcom Holdings Limited provides air freight transportation services in ASEAN Countries. The company provides cargo solutions and products, including general cargo, flying fresh, flying pharma, flying priority, fly courier, project cargo, dangerous goods, and high-value cargo. It also owns, organizes, manages, runs, charters, conducts, contracts, develops, handles, and operates aircrafts, air buses, aeroplanes, seaplanes, flying boats, hover crafts,…
- Headquarters
- Chennai
- Employees
- 115
- Sector
- Industrials
- ISIN
- INE0OXY01013
- Website
- afcomcargo.com
Price range
- Avg volume (3M)
- 84.6K
- 1-year return
- plus 58.5%
- From 52-week high
- minus 24.3%
Peers · Airlines
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ADANIPORTSAdani Ports and Special Economic Zone | 1,936.60 | plus 2.76% | 4,46,185 | 32.3 | 4.36 | 11.0% | 15.6% | 44.0% | 22.9% | 34.1% | 0.39% | plus 30.5% |
| INDIGOInterGlobe Aviation | 5,476.00 | plus 1.03% | 2,11,739 | – | 42.39 | 4.0% | −60.1% | 5.8% | 15.5% | – | 0.00% | minus 3.8% |
| GMRAIRPORTGMR Airports | 98.75 | minus 0.55% | 1,05,277 | 240.9 | −43.25 | 10.4% | – | 26.6% | 31.8% | – | 0.00% | plus 4.4% |
| JSWINFRAJSW Infrastructure | 338.30 | minus 2.31% | 78,692 | 50.3 | 4.42 | 12.0% | 9.9% | 36.2% | 19.0% | 27.2% | 0.27% | plus 19.5% |
| CONCORContainer Corporation of India | 439.80 | minus 0.24% | 33,496 | 27.4 | 2.51 | 12.4% | 9.3% | 14.5% | 4.1% | 1.9% | 1.96% | minus 18.7% |
| DELHIVERYDelhivery | 428.00 | minus 0.48% | 32,080 | 176.9 | 3.28 | 2.6% | 1.9% | 0.1% | 13.2% | – | 0.00% | minus 11.3% |
| REDINGTONRedington | 327.50 | minus 8.11% | 25,603 | 13.8 | 2.38 | 18.8% | 15.5% | 1.9% | 14.5% | 2.3% | 1.83% | plus 42.4% |
| AFCOMAfcom Holdings | 1,295.70 | minus 1.92% | 3,720 | 22.1 | 5.21 | 22.9% | 29.9% | 39.3% | 90.6% | 107.8% | 0.00% | plus 58.5% |
| Median of 7 peers | – | −0.48% | 78,692 | 41.3 | 3.28 | 11.0% | 9.6% | 14.5% | 15.5% | 14.7% | 0.27% | 4.4% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 119 | 121 | 153 | 190 | 176 | |
| 83.2 | 85.5 | 102 | 93.5 | 108 | |
| 35.7 | 35.9 | 50.3 | 96.9 | 68.3 | |
| 30.0% | 29.6% | 33.0% | 50.9% | 38.8% | |
| 0.2 | 3.5 | 2.1 | 1.6 | 1.4 | |
| 4.6 | 0.9 | 1.3 | 9.9 | 3.7 | |
| 0.4 | 0.5 | 0.4 | 40.8 | 13.8 | |
| 30.9 | 38.1 | 50.6 | 47.7 | 52.2 | |
| 31.7% | 26.8% | 24.0% | 6.3% | 24.9% | |
| 21.1 | 27.9 | 38.5 | 44.7 | 39.2 | |
| 8.48 | – | 15.48 | 17.82 | 14.01 |
Profit & loss
- Sales CAGR 3Y
- +90.6%
- Profit CAGR 3Y
- +107.8%
- EPS CAGR 3Y
- +107.3%
- ROE
- 29.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 84.1 | 148 | 239 | 583 | |
| – | +75.3% | +61.8% | +144.3% | |
| 65.5 | 112 | 168 | 360 | |
| 18.6 | 35.8 | 70.9 | 223 | |
| 22.1% | 24.2% | 29.7% | 38.3% | |
| 0.3 | 0.4 | −2.5 | −7.8 | |
| 0.7 | 1.7 | 6.3 | 20.2 | |
| 0.1 | 0.1 | 10.6 | 42.2 | |
| – | −0.1 | 0 | – | |
| 18.2 | 34.3 | 51.5 | 153 | |
| 25.2% | 25.8% | 28.3% | 20.4% | |
| 13.6 | 25.4 | 36.9 | 122 | |
| – | +87.3% | +45.2% | +230.0% | |
| 5.47 | 10.23 | 16.47 | 48.73 |
Forecast
Balance sheet
| ₹ Cr | Feb 2024 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 18 | 18 | 24.9 | 26.1 | |
| 82.9 | 85.1 | 180 | 431 | |
| 15.5 | 21.1 | 266 | 401 | |
| 12.9 | 15.3 | 31.4 | 77.4 | |
| 129 | 139 | 502 | 935 | |
| 12.6 | 39.6 | 318 | 378 | |
| 12.2 | 36.8 | 67.4 | 56.3 | |
| 2.6 | 4.1 | 0.1 | 62.1 | |
| 102 | 58.9 | 117 | 438 | |
| 129 | 139 | 502 | 935 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −18.9 | 31.1 | −45 | 36 | |
| −12.3 | −55.5 | −257 | −207 | |
| 37.4 | 20.7 | 299 | 233 | |
| 6.2 | −3.6 | −3 | 62 | |
| −12.3 | −0.2 | −245 | −112 | |
| −31.2 | 30.9 | −290 | −76.4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 5.1% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.