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On 6 Nov 2026, Affle 3i was priced at ₹1,580.00, or 45.1× trailing earnings, against an industry P/E of 12.0×, and the shares are 14% below their 52-week high. It earns ROCE of 15% and ROE of 13%, and sales and net profit grew 24% and 23% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹22,700 Cr, the largest of 15 Advertising Agencies companies by market cap; the shares fell 12% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,589.30
Day high
₹1,610.40
Day low
₹1,563.50
Prev. close
₹1,607.00
Volume
1.5 L

Health check

1 good · 3 fair · 2 to check
  • ReturnsAhead

    −12.3% over a year, better than 5 of 7 peers.

  • Price tagPricier

    P/E 45.1 vs industry 12.0.

  • GrowthSteady

    Sales +23.6%, profit +23.0% a year over 3 years.

  • ProfitabilityAverage

    ROCE 15.2% vs peer median 12.2%.

  • Balance sheetFair

    Practically debt-free, Piotroski 5 of 9.

  • Red flags1 to check

    P/E of 45.1 against an industry P/E of 12.0.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Advertising Agencies

14 listed peers. Screen the industry

Small cap

₹22,700 Cr, the largest of 15 in its industry.

Defensive

Beta 0.23 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹2,973 Cr · profit ₹497 Cr
Market cap
₹22,700 Cr
Small cap
P/E
45.1
Industry 12.0
Price to book
5.25
Peers 1.54
Dividend yield
0.00%
ROE
13.3%
Peers 10.0%
ROCE
15.2%
Peers 12.2%
Debt to equity
0.00
Debt ₹5.26 Cr
EPS (TTM)
₹35.05
Face value ₹2
OPM (TTM)
22.6%
Net margin 16.7%
Sales growth
+21.2%
Latest quarter vs a year ago
Profit growth
+15.5%
Latest quarter vs a year ago
Price to sales
7.64
EV/EBITDA 36.0

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly sales up 21.2% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • P/E of 45.1 against an industry P/E of 12.0.

Derived automatically from reported figures. Not a recommendation.

About Affle 3i

Affle 3i Limited, together with its subsidiaries, provides mobile advertisement services through information technology and software development services for mobiles in India. It offers various solutions, such as appnext; Jampp; mDSP; MEDIASMART; newton; RevX; ultra; YouAppi; and AdColony. The company was formerly known as Affle (India) Limited and changed its name to Affle 3i Limited in April 2025. Affle 3i Limited was incorporated in 1994 and is based…

Headquarters
Gurugram
Employees
616
Sector
Communication Services
ISIN
INE00WC01027
Website
affle.com

Price range

52 weeks

₹1,251.30₹1,829.10

Today

₹1,563.50₹1,610.40
Avg volume (3M)
3.2 L
1-year return
minus 12.3%
From 52-week high
minus 13.6%

Analyst consensus

12 analysts
Strong buyMean target ₹1,974.33 plus 25.0%

Target range, with today’s price

Low ₹1,790.00High ₹2,165.00

Today’s price ₹1,580.00 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Advertising Agencies

Company
AFFLEAffle 3i1,580.00minus 1.68%22,70045.15.2515.2%13.3%22.6%23.6%23.0%0.00%minus 12.3%
BCGBrightcom Group8.42minus 2.43%1,7001.70.1613.5%10.0%25.5%−2.2%−11.1%0.00%minus 34.7%
SIGNPOSTSignpost India216.75minus 4.62%1,15915.73.59–25.5%25.3%––0.23%minus 3.0%
EXHICONExhicon Events Media Solutions484.55plus 0.84%71619.53.5924.6%27.0%24.9%51.0%64.4%0.00%minus 8.9%
PRAVEGPraveg204.91minus 1.37%536–1.191.5%−2.5%−20.2%41.4%–0.24%minus 19.0%
RKSWAMYR K Swamy80.39minus 4.05%40617.91.5410.9%8.6%13.3%5.2%−10.9%2.49%minus 35.4%
ADCOUNTYAdcounty Media India74.48minus 0.15%1687.91.5625.1%28.0%27.7%17.1%38.4%0.00%minus 64.3%
ODIGMAOdigma Consultancy Solutions20.51plus 0.94%64–1.24−2.7%−1.8%−4.0%53.6%–0.00%minus 46.3%
Median of 7 peers–−1.37%53615.71.5412.2%10.0%24.9%29.3%13.8%0.00%−34.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
621717724747784
481554563580602
140163161168181
22.5%22.7%22.3%22.4%23.2%
17.217.521.32520
1.81.310.70.8
25.933.233.434.241.2
129146148158159
18.3%18.3%19.3%18.6%18.6%
106119120128130
7.508.498.499.029.08

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+23.6%
Profit CAGR 3Y
+23.0%
EPS CAGR 3Y
+20.7%
ROE
13.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,4331,8422,2652,709
–+28.5%+23.0%+19.6%
1,1451,4821,7802,080
289360486628
20.2%19.6%21.4%23.2%
4543.853.853.9
6.114.19.33.2
49.471.596.7124
3.28.1344.1
282327468559
12.8%9.0%18.3%18.6%
245297382455
–+21.5%+28.5%+19.1%
18.3621.9127.1932.32

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
26.62828.128.1
1,4382,4702,9183,624
10618382.114.8
440602593754
2,0113,2833,6224,421
5.5108.27.2
038.363.9214
6211,3701,5261,750
1,3841,8642,0232,450
2,0113,2833,6224,421

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
260262426502
−197−577−114−374
−59783−91.8−43.3
3.846822085.5
−92.2−116−160−211
168147266291

Shareholding pattern

Source: NSE filings
55.8%
promoters
  • Promoters55.82%
  • Public44.02%
  • Employee trusts0.16%
  • As of 21 Oct 2026
QuarterSplitPromotersPublicPromoter change
21 Oct 202655.82%44.02%plus 0.40
19 Oct 202655.42%44.42%plus 0.55
30 Sep 202654.87%44.97%minus 0.04
30 Jun 202654.91%44.97%minus 0.01
31 Mar 202654.92%44.97%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you