Buy Affle (India), target price Rs 1140: ICICI Direct

ICICI Direct has buy call on Affle (India) with a target price of Rs 1140. The current market price of Affle (India) Ltd. is Rs 944.6. Time period given by analyst is one year when Affle (India) Ltd. price can reach defined target.

Affle (India) Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 12564.24 Crore) operating in Services sector.

Affle (India) Ltd. key Products/Revenue Segments include Media Entertainment and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 344.40 Crore, down -2.67 % from last quarter Total Income of Rs 353.83 Crore and up 93.93 % from last year same quarter Total Income of Rs 177.59 Crore. Company reported net profit after tax of Rs 69.18 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 59.89 per cent stake in the company as of 31-Mar-2022, while FIIs owned 16.33 per cent, DIIs 5.45 per cent.