LiveNSE delayed · 128/128 · 19 Aug 2026, 03:15 pm
Scores stay the 15 Aug 2026 desk snapshot. Not advice.
AFFLE · Information Technology · Mid Cap · Live 19 Aug 2026, 03:30 pm · Discovery

Affle 3i Ltd

Profit-pooling adtech platform with a consumer-apps adjacency. High-quality operator, still a multiple that assumes the model keeps scaling.

10X Low
Moderate Risk
Attractive Entry
Compounder
Emerging Multibagger
Multibagger score
64.1/100
Market cap
₹23,832 Cr
Last price · live
₹1,693.8
−17.50 (−1.02%)
52W
₹1,251–₹2,186

Implied P/E 61.7x · AFFLE.NS · delayed NSE

10X potential (scenario)
LOW
Base multiple
2.1x
Bull multiple
4.4x
Classification
Potential Mid Cap

Base case compounds into a durable mid-cap, not yet large-cap scale.

Final investment scorecard

Multibagger64.1 / 100
10X potentiallow
Business quality4.7 / 10
Growth runway7.5 / 10
Competitive advantage6.6 / 10
Management7.6 / 10
Balance sheet8.2 / 10
Valuation2.6 / 10
Technical setup8.2 / 10
Riskmoderate

Why it could become a multibagger

  • Profitable EM adtech is scarce; Affle already passed the 'does it make cash?' test.
  • Consumer apps give a second way to compound if CPC yields flatten.

What needs to go right

  • CTV scales
  • Conversions hold through privacy changes
  • M&A stays tuck-in

What could destroy the thesis

  • A structural yield collapse
  • A large failed acquisition
  • A key-man event

What would make me sell

  • FCF margin <8% for two years
  • A large equity-funded acquisition
  • Promoter pledge

Key metrics to monitor

Converted users
Revenue / converted user
EBITDA margin
FCF
Apps mix
Net cash

Illustrative FY25 / TTM desk snapshot compiled for this terminal. Not a live NSE/BSE feed. Cross-check annual reports, exchange filings and investor presentations before use.