Affle 3i
Stock Snapshot
Price Performance
Vista Outlook
Basis of our Recommendation
Affle 3i Limited is strategically pivoting towards an AI-native advertising model, which is expected to enhance its competitive position and revenue growth. Management's focus on R&D and the integration of AI capabilities into its offerings is crucial for driving operational efficiency and maintaining high conversion rates. Despite facing margin pressures from rising data costs, the company's disciplined cost management and strategic expansion into developed markets support Vista's forecast of stable margins and a robust revenue outlook. The IT SaaS industry is experiencing a sunrise growth phase, with improving pricing power and strong demand for digital solutions, which aligns with Affle's growth trajectory. Over the next 12-24 months, key opportunities include leveraging AI for enhanced campaign performance and expanding into new verticals, while watchpoints include potential margin volatility and sensitivity to macroeconomic shifts. Overall, Vista's expected upside of approximately 23.9% reflects confidence in Affle's long-term growth potential driven by its innovative strategies and market positioning
Why We Like This Stock
- Strategic pivot towards an AI-native advertising model enhances competitive differentiation and revenue potential
- Strong management focus on R&D and operational efficiency supports stable margins and revenue growth
- Expansion into developed markets and new verticals presents significant growth opportunities
Things To Watch Out For
- Rising data costs may pressure profit margins, impacting overall profitability
- Sensitivity to macroeconomic conditions could affect client budgets and advertising spend
- Intensifying competition in the digital advertising space may challenge market share
Key Parameters
Financial Snapshot
View Technicals Analysis →| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,843 | 2,266 | 2,709 | 2,855 | 3,232 |
| Profit Before Tax (Cr.) | 327 | 468 | 559 | 587 | 669 |
| PBT Margin | 17.7% | 20.7% | 20.6% | 20.6% | 20.7% |
| Net Profit (Cr.) | 260 | 378 | 454 | 474 | 541 |
| Earnings Per Share | 18.5 | 26.9 | 32.3 | 33.7 | 38.5 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| ICICI Securities | ▲ Buy | 2,000 | 11-Aug-2026 |
| Axis Securities | ▲ Buy | 1,840 | 13-May-2026 |
| Elara Capital | ▲ Buy | 2,240 | 12-May-2026 |
Company Overview
Show Company Profile
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 in Gurugram, India.