Affle 3i
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Affle 3i's recent strategic pivot towards an AI-first consumer intelligence platform is a significant development, as management emphasizes a vision for 10x decadal growth through verticalized business models targeting high-intent sectors like Fintech and E-commerce. This focus on AI-driven solutions is expected to enhance operational efficiency and campaign performance, supporting Vista's forecast of stable margins and moderate revenue growth. However, rising inventory and data costs pose risks to margin expansion, necessitating careful monitoring. The company's robust Q1FY27 revenue growth of 20.4% YoY, particularly in developed markets, indicates a potential shift in growth dynamics, aligning with Vista's outlook of a 9% expected upside. While the IT SaaS industry is experiencing a sunrise phase with improving pricing power, Affle's ability to navigate macroeconomic sensitivities and client budget fluctuations will be crucial. Over the next 12-24 months, key opportunities include leveraging AI capabilities for enhanced monetization and expanding into new geographies, while watchpoints include potential margin volatility from rising costs and geopolitical uncertainties affecting client spending
Why We Like This Stock
- Affle's strategic focus on AI-driven solutions is expected to enhance operational efficiency and revenue growth
- The company's strong revenue growth of 20.4% YoY in Q1FY27, particularly in developed markets, signals a positive shift in growth dynamics
- Improving pricing power in the IT SaaS industry supports Affle's revenue outlook and competitive positioning
Things To Watch Out For
- Rising inventory and data costs could impact margin expansion and overall profitability
- The company's performance is sensitive to macroeconomic shifts and client budget fluctuations, which may introduce volatility
- Geopolitical uncertainties could affect client spending, posing risks to revenue growth
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,843 | 2,266 | 2,709 | 2,859 | 3,381 |
| Profit Before Tax (Cr.) | 327 | 468 | 559 | 603 | 713 |
| PBT Margin | 17.7% | 20.7% | 2063.5% | 21.1% | 21.1% |
| Net Profit (Cr.) | 260 | 378 | 454 | 487 | 576 |
| Earnings Per Share | 18.5 | 26.9 | 32.3 | 34.7 | 41.0 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Axis Securities | ▲ Buy | 1,840 | 13-May-2026 |
| Elara Capital | ▲ Buy | 2,240 | 12-May-2026 |
| ICICI Securities | ▲ Buy | 2,000 | 11-Aug-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 and internationally. It operates Appnext, an app discovery platform that displays contextual and personal app recommendations; Mediasmart, an omnichannel programmatic advertising platform; Jampp, a programmatic platform to grow app business; RevX, a programmatic advertising for app marketers; and YouAppi, a programmatic mobile app retargeting solution. 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.