According to Affle (India) Ltd. has delivered good profit growth of 54.4% CAGR over the last 5 years and has a good return on equity (ROE) track record: 3 Years ROE 24.9% ¹.
Furthermore, Simply Wall St predicts that Affle (India) Ltd. is forecast to grow earnings and revenue by 21.4% and 18.5% per annum respectively. EPS is expected to grow by 21.2% per annum. Return on equity is forecast to be 18.2% in 3 years ¹.
In addition, Economic Times reports that Affle (India) Ltd. is a very strong long-term growth story and the firm’s financial performance has been resilient. The management looks confident of delivering 25-30% annualised growth in revenue over the next five years ².
Please note that I am not a financial advisor and my responses are for informational purposes only. It is always advisable to consult a professional financial advisor before making any investment decisions.
Source: Conversation with Bing, 6/12/2023
(1) Affle India Ltd financial results and price chart - Screener. Affle India Ltd financial results and price chart - Screener.
(2) Affle India aims to grow at CAGR of 25-30% next five years: CFO Kapil … Affle India aims to grow at CAGR of 25-30% next five years: CFO Kapil Bhutani, ETCFO.
(3) Initiation Report - Stock Broking Companies, Share Brokers in India. https://www.plindia.com/resreport/affle-24-9-21-pl.pdf.
(4) Affle (India) Limited. https://affle.com/images/pdf/Q4%20&%2012M%20FY2021%20Earnings%20Presentation.pdf.
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