Affle (India) Limited (AFFLE) Fair Value & Analysis
Communication Services · IN · Market cap ₹241B (≈ $2.6B) · ISIN INE00WC01027
What is Affle (India) Limited really worth?
A solid business, but trading 174% above our fair value of ₹591.41.
Strengths
Risks
Fair value as of: Aug 19, 2026
From 24 valuation models · updated 17 days ago
Share price −2.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹690.77). The favourable scenario is already priced in.
- Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.
How to read this chart
60‑month range ₹772.63 – ₹2,146 · fair‑value band ₹436.29 – ₹690.77 · the ₹1,618 price screens above the ₹591.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.
Analysis
Affle (India) Limited (AFFLE) currently trades at ₹1,618, while our model-based Fair Value estimate is ₹591.41, implying the stock looks roughly 173.5% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Communication Services sector. Bull case: the Growth Earnings group reads highest at a median of ₹1,205 per share, and 0 of the 24 models we run sit above the ₹1,618 price. Bear case: the Asset-Based group reads lowest at ₹173.86, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Affle (India) Limited generated revenue of ₹28.4B at a net margin of 16.9%. Revenue grew 20.4% year over year. It earns a return on equity of 13.8%. Net debt stands at ₹152M. Fundamentals as of Aug 19, 2026
Our scenario range runs from ₹436.29 (bear case) to ₹690.77 (bull case); at ₹1,618, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 26% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at −13% fair-value upside, at −63%, AFFLE screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹14.62 per share, which is 2.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Growth Earnings (₹1,205) versus Asset-Based (₹173.86). Highest evidence: FCF DCF (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 50
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Affle (India) Limited, together with its subsidiaries, provides mobile advertisement services through information technology and software development services for mobiles in India and internationally. The company offers mobile and web app development services.
Full company description
Affle (India) Limited, together with its subsidiaries, provides mobile advertisement services through information technology and software development services for mobiles in India and internationally. The company offers mobile and web app development services. It also offers digital consulting, UI/UX design, and QA services, as well as provides cloud advisory, migration, modernization, engineering, and automation services. In addition, the company operates eLearning app, digital commerce, app development, and insurance automation platforms. Further, it operates survey platform, event management, digital asset management system, and ERP development platforms. Affle (India) Limited was incorporated in 1994 and is based in Gurugram, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Affle (India) Limited reported revenue of ₹27.1B in FY2026 versus ₹10.8B in FY2022, a compound +25.8%/yr. Reported net income was ₹4.5B in FY2026, compounding +20.8%/yr from FY2022.
AFFLE screens 174% overvalued. Compare with AppLovin Corporation →
Peer Group
Advertising Agencies · 195 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Advertising Agencies median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Advertising Agencies stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| AppLovin Corporation APP | $317.76 | $252.45 | −21% |
| Publicis Groupe S.A PUB | €101.65 | €146.36 | +44% |
| Omnicom Group OMC | $86.09 | $99.84 | +16% |
| Focus Media Information Technology Co 002027 | ¥4.97 | ¥5.71 | +15% |
| The Trade Desk, Inc TTD | $13.57 | $29.07 | +114% |
| BlueFocus Intelligent Communications Group 300058 | ¥13.37 | ¥1.44 | −89% |
| JCDecaux SE DEC | €24.00 | €20.99 | −13% |
| WPP plc WPP | $26.87 | $19.05 | −29% |
| Easy Click Worldwide Network Technology Co 301171 | ¥37.40 | ¥5.62 | −85% |
| Magnite, Inc MGNI | $24.53 | $12.18 | −50% |
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