Cash flow Affle 3i Limited

Equities

AFFLE

INE00WC01027

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Market Closed - NSE India S.E. Other stock markets 11:27:59 05/06/2026 BST			5-day change	1st Jan Change
1,476.10 ^INR	-0.40%		+0.90%	-17.97%

05-18	Sushil Finance Starts Affle (India) at Buy with INR2,033 Price Target	MT
05-11	Affle 3i Limited, Q4 2026 Earnings Call, May 11, 2026

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Published financial data: AFFLE 3I LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	5.17B	10.82B	14.34B	18.43B	22.66B
Other Revenues, Total	-	-	-	-	-
Total Revenues	5.17B	10.82B	14.34B	18.43B	22.66B
Cost of Goods Sold, Total	3.54B	8.13B	10.78B	13.62B	16.13B
Gross Profit	1.63B	2.69B	3.56B	4.81B	6.53B
Selling General & Admin Expenses, Total	97.95M	168M	268M	551M	852M
Depreciation & Amortization - (IS)	196M	324M	494M	715M	967M
Other Operating Expenses	228M	389M	400M	657M	850M
Other Operating Expenses, Total	523M	882M	1.16B	1.92B	2.67B
Operating Income	1.1B	1.81B	2.39B	2.88B	3.86B
Interest Expense, Total	-23.06M	-35.83M	-60.96M	-141M	-93.37M
Interest And Investment Income	22.08M	173M	226M	408M	504M
Net Interest Expenses	-980K	137M	165M	267M	411M
Income (Loss) On Equity Invest.	-	-4.85M	-7.11M	-	-
Currency Exchange Gains (Loss)	-3.13M	55.25M	221M	58.14M	51.01M
Other Non Operating Income (Expenses)	380M	449M	440K	-25.14M	179M
EBT, Excl. Unusual Items	1.48B	2.44B	2.77B	3.18B	4.51B
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	72.93M	161M
Gain (Loss) On Sale Of Assets	-	-20K	-70K	-20K	90K
Other Unusual Items	-	3.76M	42.06M	10.63M	8.94M
EBT, Incl. Unusual Items	1.48B	2.45B	2.82B	3.27B	4.68B
Income Tax Expense	129M	301M	361M	295M	858M
Earnings From Continuing Operations	1.35B	2.15B	2.45B	2.97B	3.82B
Net Income to Company	1.35B	2.15B	2.45B	2.97B	3.82B
Minority Interest	-2.34M	-8.14M	-8.77M	60K	-
Net Income - (IS)	1.35B	2.14B	2.45B	2.97B	3.82B
Net Income to Common Incl Extra Items	1.35B	2.14B	2.45B	2.97B	3.82B
Net Income to Common Excl. Extra Items	1.35B	2.14B	2.45B	2.97B	3.82B
Per Share Items
Net EPS - Basic	10.58	16.11	18.36	21.91	27.23
Basic EPS - Continuing Operations	10.58	16.11	18.36	21.91	27.23
Basic Weighted Average Shares Outstanding	127M	133M	133M	136M	140M
Net EPS - Diluted	10.58	16.11	18.36	21.91	27.19
Diluted EPS - Continuing Operations	10.58	16.11	18.36	21.91	27.19
Diluted Weighted Average Shares Outstanding	127M	133M	133M	136M	140M
Normalized Basic EPS	7.24	11.45	12.95	14.67	20.08
Normalized Diluted EPS	7.24	11.45	12.95	14.67	20.05
Supplemental Items
EBITDA	1.11B	1.83B	2.43B	2.98B	4.01B
EBITA	1.1B	1.82B	2.41B	2.96B	3.98B
EBIT	1.1B	1.81B	2.39B	2.88B	3.86B
EBITDAR	1.12B	1.84B	2.47B	3.02B	4.07B
Total Revenues (As Reported)	5.58B	11.53B	14.88B	19B	23.6B
Effective Tax Rate - (Ratio)	8.71	12.3	12.82	9.04	18.34
Total Current Taxes	120M	285M	371M	664M	893M
Total Deferred Taxes	9.04M	15.63M	-10.27M	-369M	-34.9M
Normalized Net Income	922M	1.52B	1.72B	1.99B	2.82B
Interest on Long-Term Debt	1.72M	730K	900K	1.99M	4.31M
Non-Cash Pension Expense	870K	1.11M	1.29M	1.34M	1.54M
Supplemental Operating Expense Items
Advertising Expense	92.52M	158M	222M	511M	792M
Selling and Marketing Expenses	92.52M	158M	222M	511M	792M
Research And Development Expense From Footnotes	170M	297M	450M	583M	-
Net Rental Expense, Total	5.43M	10.23M	45.64M	39.51M	60.04M
Imputed Operating Lease Interest Expense	1.08M	2.19M	17.51M	30.99M	33.88M
Imputed Operating Lease Depreciation	4.35M	8.04M	28.13M	8.52M	26.16M
Maintenance & Repair Expenses, Total	24.78M	42.77M	67.44M	14.77M	23.84M
Stock-Based Comp., COGS (Total)	-	33.07M	67.52M	44.98M	76.33M
Total Stock-Based Compensation	-	33.07M	67.52M	44.98M	76.33M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	491M	3.16B	3.32B	8.05B	10.47B
Short Term Investments	141M	2.88B	4.48B	5.65B	4.79B
Total Cash And Short Term Investments	632M	6.05B	7.8B	13.7B	15.26B
Accounts Receivable, Total	1.61B	3.11B	3.49B	5.23B	5.52B
Other Receivables	750K	590K	47.06M	48.08M	45.99M
Notes Receivable	172M	12.1M	11.53M	17.64M	22.19M
Total Receivables	1.78B	3.12B	3.55B	5.29B	5.59B
Prepaid Expenses	18.59M	50.46M	42.31M	206M	117M
Other Current Assets, Total	77.47M	215M	254M	541M	796M
Total Current Assets	2.51B	9.43B	11.64B	19.74B	21.76B
Gross Property Plant And Equipment	52.93M	56.28M	104M	166M	163M
Accumulated Depreciation	-20.52M	-29.99M	-48.52M	-66.7M	-80.75M
Net Property Plant And Equipment	32.41M	26.29M	55.28M	99.62M	82.36M
Long-term Investments	758M	1.35B	260K	373M	629M
Goodwill	3.15B	6.16B	6.64B	9.83B	10.08B
Other Intangibles, Total	828M	1.23B	1.65B	2.5B	3.16B
Loans Receivable Long-Term	3.34M	-	5.73M	-	-
Deferred Tax Assets Long-Term	-	28.51M	27.73M	121M	144M
Other Long-Term Assets, Total	247M	49.82M	90.93M	168M	359M
Total Assets	7.53B	18.27B	20.11B	32.83B	36.22B
Liabilities
Accounts Payable, Total	1.26B	2.56B	2.52B	3.83B	4.08B
Accrued Expenses, Total	139M	354M	330M	473M	540M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	275M	593M	510M	1.05B	666M
Current Portion of Leases	11.42M	2.05M	6.99M	9.93M	27.65M
Current Income Taxes Payable	25.51M	69M	67.38M	166M	510M
Unearned Revenue Current, Total	58.65M	41.01M	22.55M	96M	158M
Other Current Liabilities	166M	670M	574M	801M	310M
Total Current Liabilities	1.94B	4.29B	4.03B	6.43B	6.29B
Long-Term Debt	893M	891M	521M	726M	107M
Long-Term Leases	7.47M	-	18.37M	39.01M	21.14M
Unearned Revenue Non Current	174M	-	-	-	-
Pension & Other Post Retirement Benefits	11.93M	13.59M	12.92M	15.45M	20M
Deferred Tax Liability Non Current	14.52M	60.5M	54.62M	103M	102M
Other Non Current Liabilities	897M	1.22B	796M	538M	217M
Total Liabilities	3.93B	6.48B	5.44B	7.85B	6.75B
Common Stock, Total	255M	266M	266M	280M	281M
Additional Paid In Capital	846M	6.74B	6.74B	14.17B	14.47B
Retained Earnings	2.46B	4.59B	6.94B	9.73B	13.57B
Treasury Stock	-	-	-80.93M	-110M	-151M
Comprehensive Income and Other	31.21M	179M	788M	909M	1.3B
Total Common Equity	3.59B	11.78B	14.65B	24.98B	29.46B
Minority Interest	4.24M	12.38M	21.15M	-	-
Total Equity	3.59B	11.79B	14.67B	24.98B	29.46B
Total Liabilities And Equity	7.53B	18.27B	20.11B	32.83B	36.22B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	133M	133M	133M	140M	140M
ECS Total Common Shares Outstanding	127M	133M	133M	140M	140M
Book Value / Share	28.14	88.41	110.01	178.3	209.93
Tangible Book Value	-390M	4.39B	6.36B	12.66B	16.22B
Tangible Book Value Per Share	-3.06	32.96	47.77	90.33	115.58
Total Debt	1.19B	1.49B	1.06B	1.83B	821M
Net Debt	555M	-4.56B	-6.74B	-11.88B	-14.44B
Debt Equivalent of Unfunded Proj. Benefit Obligation	16.47M	17.8M	18.17M	21.19M	25.98M
Debt Equivalent Oper. Leases	43.44M	81.84M	365M	316M	480M
Minority Interest, Total (Incl. Fin. Div)	4.24M	12.38M	21.15M	-	-
Equity Method Investments, Total	-	1.35B	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	33.9M	54.23M	79.14M	104M	115M
Full Time Employees	367	541	551	642	617
Accumulated Allowance for Doubtful Accounts (Supple)	88.6M	100M	103M	170M	209M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	1.35B	2.14B	2.45B	2.97B	3.82B
Depreciation & Amortization - CF	24.18M	19.36M	29.07M	58.14M	53.45M
Amortization of Goodwill and Intangible Assets - (CF)	1.47M	8.19M	14.05M	72M	119M
Depreciation & Amortization, Total	25.65M	27.55M	43.12M	130M	172M
Amortization of Deferred Charges, Total - (CF)	171M	297M	451M	585M	795M
(Gain) Loss From Sale Of Asset	-	20K	70K	50K	-90K
(Income) Loss On Equity Investments - (CF)	-	-	7.11M	-	-
Stock-Based Compensation (CF)	-	33.07M	67.52M	49.49M	82.12M
Provision and Write-off of Bad Debts	17.25M	26.65M	37.23M	71.82M	56.15M
Other Operating Activities, Total	-371M	-364M	21.87M	-466M	-770M
Change In Accounts Receivable	-638M	-1.52B	-421M	-1.3B	-344M
Change In Accounts Payable	404M	1.37B	-3.14M	838M	259M
Change in Unearned Revenues	11.22M	22.92M	-4.52M	84.08M	70.51M
Change in Other Net Operating Assets	47.75M	33.18M	-41.69M	-342M	120M
Cash from Operations	1.02B	2.06B	2.6B	2.62B	4.26B
Capital Expenditure	-493M	-725M	-922M	-1.53B	-1.6B
Sale of Property, Plant, and Equipment	-	-	-	130K	190K
Cash Acquisitions	-1.12B	-2.19B	-1B	-3.54B	-815M
Investment in Marketable and Equity Securities, Total	-4.42M	-2.96B	-254M	-1.19B	609M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-154M	154M	-	-	-
Other Investing Activities, Total	26.46M	162M	202M	479M	667M
Cash from Investing	-1.75B	-5.56B	-1.97B	-5.77B	-1.14B
Long-Term Debt Issued, Total	1.14B	1.5B	-	1.59B	-
Total Debt Issued	1.14B	1.5B	-	1.59B	-
Long-Term Debt Repaid, Total	-585M	-1.23B	-452M	-1.04B	-1.08B
Total Debt Repaid	-585M	-1.23B	-452M	-1.04B	-1.08B
Issuance of Common Stock	-	5.91B	-	7.44B	263M
Repurchase of Common Stock	-	-	-81.08M	-28.93M	-
Other Financing Activities, Total	-22.5M	-32.15M	-57.08M	-133M	-103M
Cash from Financing	531M	6.15B	-590M	7.83B	-918M
Foreign Exchange Rate Adjustments	-3.03M	21.31M	109M	49.1M	219M
Miscellaneous Cash Flow Adjustments	-	10K	9.46M	-	-
Net Change in Cash	-204M	2.67B	157M	4.73B	2.42B
Supplemental Items
Cash Interest Paid	22.5M	32.15M	57.08M	133M	97.52M
Cash Income Tax Paid (Refund)	117M	278M	403M	345M	743M
Levered Free Cash Flow	289M	1.27B	462M	587M	1.57B
Unlevered Free Cash Flow	304M	1.3B	500M	675M	1.63B
Change In Net Working Capital	89.36M	-534M	637M	359M	232M
Net Debt Issued / Repaid	553M	275M	-452M	552M	-1.08B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	11.95	8.76	7.8	6.81	7
Return on Total Capital	17.81	12.51	10.32	8.48	8.46
Return On Equity %	45.9	27.91	18.55	14.99	14.03
Return on Common Equity	45.86	27.83	18.51	15	14.03
Margin Analysis
Gross Profit Margin %	31.47	24.86	24.8	26.09	28.83
SG&A Margin	1.9	1.55	1.87	2.99	3.76
EBITDA Margin %	21.51	16.89	16.93	16.18	17.68
EBITA Margin %	21.38	16.78	16.79	16.05	17.58
EBIT Margin %	21.35	16.7	16.7	15.65	17.05
Income From Continuing Operations Margin %	26.13	19.85	17.12	16.13	16.85
Net Income Margin %	26.09	19.77	17.06	16.13	16.85
Net Avail. For Common Margin %	26.09	19.77	17.06	16.13	16.85
Normalized Net Income Margin	17.84	14.05	12.03	10.8	12.43
Levered Free Cash Flow Margin	5.6	11.77	3.22	3.19	6.92
Unlevered Free Cash Flow Margin	5.88	11.98	3.48	3.67	7.18
Asset Turnover
Asset Turnover	0.9	0.84	0.75	0.7	0.66
Fixed Assets Turnover	130.62	368.54	351.59	237.94	249.07
Receivables Turnover (Average Receivables)	4.06	4.59	4.35	4.23	4.22
Short Term Liquidity
Current Ratio	1.29	2.2	2.89	3.07	3.46
Quick Ratio	1.16	2.13	2.81	2.95	3.31
Operating Cash Flow to Current Liabilities	0.52	0.48	0.65	0.41	0.68
Days Sales Outstanding (Average Receivables)	90.01	79.48	83.91	86.54	86.51
Average Days Payable Outstanding	103.58	85.75	86	85.36	89.46
Long Term Solvency
Total Debt/Equity	33.06	12.6	7.2	7.31	2.79
Total Debt / Total Capital	24.84	11.19	6.72	6.81	2.71
LT Debt/Equity	25.08	7.56	3.67	3.06	0.43
Long-Term Debt / Total Capital	18.85	6.71	3.43	2.85	0.42
Total Liabilities / Total Assets	52.27	35.45	27.03	23.91	18.65
EBIT / Interest Expense	47.85	50.43	39.27	20.42	41.39
EBITDA / Interest Expense	48.96	51.2	39.98	21.34	43.24
(EBITDA - Capex) / Interest Expense	27.59	30.95	24.86	10.52	26.11
Total Debt / EBITDA	1.05	0.81	0.43	0.61	0.2
Net Debt / EBITDA	0.49	-2.49	-2.77	-3.94	-3.58
Total Debt / (EBITDA - Capex)	1.87	1.34	0.7	1.23	0.34
Net Debt / (EBITDA - Capex)	0.87	-4.11	-4.45	-7.99	-5.92
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	54.82	109.31	32.57	28.51	22.98
Gross Profit, 1 Yr. Growth %	42.95	65.37	32.29	35.18	35.89
EBITDA, 1 Yr. Growth %	46.13	64.32	32.9	22.81	34.4
EBITA, 1 Yr. Growth %	46.46	64.28	32.67	22.79	34.72
EBIT, 1 Yr. Growth %	46.26	63.76	32.5	20.5	33.97
Earnings From Cont. Operations, 1 Yr. Growth %	106.11	58.99	14.33	21.1	28.46
Net Income, 1 Yr. Growth %	105.75	58.66	14.36	21.54	28.46
Normalized Net Income, 1 Yr. Growth %	86.21	64.77	13.5	16.77	41.5
Diluted EPS Before Extra, 1 Yr. Growth %	102.39	52.38	13.96	19.31	24.1
Accounts Receivable, 1 Yr. Growth %	70.25	93.38	12.34	49.83	5.56
Net Property, Plant and Equip., 1 Yr. Growth %	-30.63	-18.88	110.27	80.21	-17.33
Total Assets, 1 Yr. Growth %	87.23	142.76	10.06	63.28	10.32
Tangible Book Value, 1 Yr. Growth %	-158.82	-1.23K	44.86	98.92	28.19
Common Equity, 1 Yr. Growth %	56.55	228.39	24.36	70.51	17.95
Cash From Operations, 1 Yr. Growth %	41.42	102.36	26.37	0.76	62.42
Capital Expenditures, 1 Yr. Growth %	58.67	47.2	27.07	65.91	38.29
Levered Free Cash Flow, 1 Yr. Growth %	367.68	340.02	-63.75	23.69	63.44
Unlevered Free Cash Flow, 1 Yr. Growth %	346.14	326.51	-61.44	31.68	55.24
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	43.95	80.02	66.58	30.53	25.72
Gross Profit, 2 Yr. CAGR %	31.92	53.73	46.78	33.73	35.53
EBITDA, 2 Yr. CAGR %	34.37	54.96	47.78	27.75	28.47
EBITA, 2 Yr. CAGR %	34.44	55.11	47.63	27.64	28.62
EBIT, 2 Yr. CAGR %	34.35	54.76	47.3	26.36	27.06
Earnings From Cont. Operations, 2 Yr. CAGR %	66.31	81.02	34.82	17.67	24.73
Net Income, 2 Yr. CAGR %	66.17	80.68	34.7	17.89	24.95
Normalized Net Income, 2 Yr. CAGR %	56.97	75.17	36.76	14.45	28.54
Diluted EPS Before Extra, 2 Yr. CAGR %	62.21	75.6	31.78	16.61	21.68
Accounts Receivable, 2 Yr. CAGR %	62.15	81.45	47.39	29.74	25.76
Net Property, Plant and Equip., 2 Yr. CAGR %	108.02	-24.99	30.6	94.66	22.06
Total Assets, 2 Yr. CAGR %	118.06	113.2	63.46	34.05	34.21
Tangible Book Value, 2 Yr. CAGR %	66.48	157.45	304.03	69.75	59.68
Common Equity, 2 Yr. CAGR %	122.6	126.74	102.08	45.61	41.82
Cash From Operations, 2 Yr. CAGR %	45.82	69.32	59.92	12.84	27.93
Capital Expenditures, 2 Yr. CAGR %	80.6	52.83	36.76	45.2	31.71
Levered Free Cash Flow, 2 Yr. CAGR %	-16.89	353.64	26.3	-32.1	81.82
Unlevered Free Cash Flow, 2 Yr. CAGR %	-15.24	336.21	28.25	-27.8	78.13
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	82.86	63.08	62.56	52.78	27.96
Gross Profit, 3 Yr. CAGR %	85	42.23	46.23	42.81	34.44
EBITDA, 3 Yr. CAGR %	96.83	43.69	47.23	38.94	29.93
EBITA, 3 Yr. CAGR %	97.26	43.73	47.24	38.84	29.96
EBIT, 3 Yr. CAGR %	97.17	43.51	46.95	37.76	28.85
Earnings From Cont. Operations, 3 Yr. CAGR %	148.21	63.83	55.31	30.09	21.16
Net Income, 3 Yr. CAGR %	148.06	63.63	55.13	30.16	21.32
Normalized Net Income, 3 Yr. CAGR %	122.02	59.53	51.58	29.23	22.84
Diluted EPS Before Extra, 3 Yr. CAGR %	144.11	58.85	52.03	27.49	19.05
Accounts Receivable, 3 Yr. CAGR %	89.64	71.95	54.65	48.2	21.12
Net Property, Plant and Equip., 3 Yr. CAGR %	106.7	51.97	5.77	45.4	46.32
Total Assets, 3 Yr. CAGR %	134.94	126	71.03	63.4	25.62
Tangible Book Value, 3 Yr. CAGR %	36.21	214.93	112.54	219.03	54.58
Common Equity, 3 Yr. CAGR %	128.26	153.4	85.6	90.96	35.74
Cash From Operations, 3 Yr. CAGR %	80.08	62.75	53.58	37.09	27.41
Capital Expenditures, 3 Yr. CAGR %	136.51	68.7	43.71	45.86	30.14
Levered Free Cash Flow, 3 Yr. CAGR %	39.64	44.85	95.39	26.6	7.21
Unlevered Free Cash Flow, 3 Yr. CAGR %	39.18	45.25	94.32	30.52	7.9
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	42.35	74.84	76.16	49.18	46.68
Gross Profit, 5 Yr. CAGR %	52.54	76.95	69.16	38.77	41.85
EBITDA, 5 Yr. CAGR %	81.74	136.73	75.51	37.09	39.42
EBITA, 5 Yr. CAGR %	84.6	143.81	75.67	37.06	39.49
EBIT, 5 Yr. CAGR %	84.55	143.59	75.46	36.39	38.65
Earnings From Cont. Operations, 5 Yr. CAGR %	124.01	265.31	94.44	43.52	42.27
Net Income, 5 Yr. CAGR %	123.93	265.03	94.31	43.52	42.27
Normalized Net Income, 5 Yr. CAGR %	106.93	221.48	82.9	39.68	41.57
Diluted EPS Before Extra, 5 Yr. CAGR %	121.78	258.61	90.75	40.37	39.07
Accounts Receivable, 5 Yr. CAGR %	48.35	77.92	71.46	53.63	42.37
Net Property, Plant and Equip., 5 Yr. CAGR %	36.9	48.59	72.02	67.79	12.01
Total Assets, 5 Yr. CAGR %	69.43	106.47	103.21	83.39	55.22
Tangible Book Value, 5 Yr. CAGR %	41.63	130.25	110.42	145.95	89.57
Common Equity, 5 Yr. CAGR %	78.06	123.7	117.41	103.03	66.66
Cash From Operations, 5 Yr. CAGR %	120.65	104	71.78	40.57	42.76
Capital Expenditures, 5 Yr. CAGR %	56.29	86.33	89.98	58.87	38.78
Levered Free Cash Flow, 5 Yr. CAGR %	-	175.88	34.14	6.98	90.91
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	137.22	34.7	9.82	88.66