25/05/2024
🔸 Affle (India) 🔸
Affle India was incorporated as ‘Tejus Securities Private Limited’ under the Companies Act, 1956, with a certificate of incorporation issued by the Registrar of Companies, Maharashtra (RoC) on August 18, 1994 at Mumbai. Subsequently, the name of the company was changed to ‘Affle (India) Private Limited’ and a fresh certificate of incorporation was issued by the RoC on September 29, 2006. The company was subsequently converted to a public limited company and the name of the company was changed to present name, i.e., ‘Affle (India) Limited’, and a fresh certificate of incorporation consequent upon conversion was issued by the RoC on July 13, 2018.
🧩 Business of the company 🧩
The company is a global technology business. It has two business segments i.e Consumer Platform and Enterprise Platform. The company’s Consumer Platform primarily provides the services of new consumer conversions (acquisitions, engagements and transactions) through relevant mobile advertising; retargeting existing consumers to complete transactions for e-commerce companies through relevant mobile advertising; and an online to offline (O2O) platform that converts online consumer engagement into in-store walk-ins. The company’s Enterprise Platform primarily provides end-to-end solutions for enterprises to enhance their engagement with mobile users.
🔰Essentials
MARKET CAP
₹ 17,215 Cr.
P/E
63.25
CASH
₹ 645.71 Cr.
DEBT
₹ 183 Cr.
📝 FY2024 vs. FY2023 ( Y-o-Y Comparison )
Revenue up 28%
EBITDA up 23.2%
PAT up 21.2
🟢 Thesis Pointers 🟢
1. Strong client base
( ANGEL ONE , Tata Capital )
2. R&D FOCUS WITH A STRONG PATENT
PORTFOLIO .
( Six patents granted in US related to
digital advertising, detection of
fraud and voice-based intelligence & 15
Patents filed in US, India
and/or Singapore related to
innovative futuristic use cases )
3. Financial aspect looks strong
Company has been maintaining healthy ROE & ROCE over the years
🔴 Anti-thesis Pointers 🔴
1. Implementation of strict data protection policies by government .
