Afcom Holdings Ltd (AFCOM)

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Afcom Holdings Ltd (AFCOM) · mywealthgrid

About

Afcom Holdings Ltd is a logistics solution provider in the transport services sector. At ₹4,310.88 Cr market cap, it operates as a mid-sized player with a 27.11% operating margin, unusual strength in an industry typically marked by tighter spreads.

Face value: ₹10

Market cap

₹4,251 Cr

P/E

34.9×

P/B

8.5×

Dividend yield

ROE

36%

ROCE

36.7%

Debt / equity

0.14

OPM

40.1%

EPS (TTM)

₹46.8

Book value

₹175.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation at PE 89.03 is elevated; limited margin if earnings growth slows. Verify latest results (released 2026-08-14) for earnings trajectory.
Stock price more than doubled from ₹652 to ₹1,502 in 52 weeks; verify if capital deployment and cash generation support current valuation.
Promoter shareholding declined from 40.61% to 35.84% quarter-over-quarter. Verify reasons and whether this signals change in holding strategy.
Logistics operations carry fixed-cost and working-capital intensity. Verify receivables days, inventory turns, and cash conversion cycle.

Generated analysis · source review pending

Growth drivers

Strong ROE of 29.92% indicates efficient capital deployment; verify if retained earnings are reinvested for organic growth.
Very low D/E ratio (0.12) provides balance-sheet capacity for expansion or acquisition; verify if company intends to deploy this capacity.
Operating margins of 27.11% are well above typical logistics benchmarks; verify if this reflects pricing power or cost leadership that can scale.
Recent results and filing (2026-08-14/13) provide updated financial picture; verify customer base growth, order pipeline, and expansion plans.

Generated analysis · source review pending

528 historical price candles were omitted because the exchange source has not been verified.

₹1,481.3+0.8%1Y

Quick read

rule-based

Pros

+Strong return on equity of 30.2% (3-yr avg)
+High return on capital employed of 32.8%
+Healthy operating margin of 40.1%

Cons

−Trading at 8.5× book value
−Promoter holding fell 6.9 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

62/100

Business quality: 86
Valuation: 39

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	148	239	583
COGS	0	0	315
Gross profit	—	—	268
	112	170	35
	36	69	234
OPM %	24.2%	28.8%	40.1%
Depreciation	0	4	53
Interest	2	3	32
	1	4	5
Profit before tax	34	65	153
Tax	9	17	31
Tax %	25.8%	25.8%	20.4%
	25	48	122
PAT margin %	17.2%	20.3%	20.9%
EPS (₹)	14.4	21.6	48.7
EPS adjusted (₹)	14.1	19.5	46.8
Annual report	—	Annual report for Mar 2025	—

₹ Cr	Mar 2024	Mar 2025	Mar 2026
Equity capital	18	25	26
Reserves	85	196	431
	18	26	62
	16	29	416
Total equity & liabilities	138	275	935
	0	17	16
CWIP	—	—	0
Investments	0	0	0
	137	258	919
Total assets	138	275	935

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	-23	27	36
	-1	-104	-207
	21	74	233
Net cash flow	-4	-3	62
Free cash flow	-24	27	36
CFO / Operating profit %	-65.5%	39.8%	15.4%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 144%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: 152%

Return on equity

7 years: —
5 years: —
3 years: 24%
Last year: 27%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	46%
EBITDA margin %	24.2%	28.8%	40.1%
EBIT margin %	24.2%	27.1%	30.9%
PAT margin %	17.2%	20.3%	20.9%
Working capital
Receivable days	56	95	85
Inventory days	51	34	21
Payable days	13	19	33
NWC days	95	111	73
Leverage
Current ratio	—	4.03	1.79
Debt to EBITDA	0.52	0.38	0.27
Debt to equity	0.18	0.12	0.14
Interest coverage	18.4	20.6	5.8
Asset turnover	1.07	0.87	0.62
Return ratios
Return on assets %	18.5%	17.6%	13%
Return on capital employed %	26.4%	35.4%	36.7%
Return on equity %	24.6%	22%	26.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	42.73%	42.73%	42.73%	42.59%	42.59%	40.61%	35.84%
	3.51%	0%	0%	0.11%	0.05%	0.05%	0.68%
	0.9%	1%	1.26%	1.59%	1.9%	0.85%	7.96%
Government	0%	0%	0%	0%	0%	0%	0%
	52.86%	56.27%	56.01%	55.71%	55.46%	58.49%	55.52%
No. of shareholders	1,567	3,439	3,672	5,193	5,729	6,454	6,978

Promoter holding down 6.89 percentage points since Sep 2024.

Mr. DEEPAK PARASURAMANExecutive Director-Chairperson-MD
Mr. KANNAN RAMAKRISHNANExecutive Director
Mr. JAGANMOHAN MANTHENANon-Executive - Non Independent Director
Mr. LALIT GUPTANon-Executive - Independent Director
Mr. NATARAJAN SRINIVASANNon-Executive - Independent Director
Ms. RASHMI PRITHVIRAJNon-Executive - Independent Director
Mr. SUDHIR LAXMIKANT DEORASNon-Executive - Independent Director
Mrs. ARUNDHATI MECHNon-Executive - Independent Director
Mr. Ajith KumarCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

0.14%

of the company's equity

All mutual funds

3.18%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
Small Cap Fund	Quantum Mutual Fund	39,360	6.15	2.32%	0.137%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Annual Report FY2025from bse Summary

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

18 announcementsExport CSV

30 Sept 2026, 6:04 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	46%
EBITDA margin %	24.2%	28.8%	40.1%
EBIT margin %	24.2%	27.1%	30.9%
PAT margin %	17.2%	20.3%	20.9%
Working capital
Receivable days	56	95	85
Inventory days	51	34	21
Payable days	13	19	33
NWC days	95	111	73
Leverage
Current ratio	—	4.03	1.79
Debt to EBITDA	0.52	0.38	0.27
Debt to equity	0.18	0.12	0.14
Interest coverage	18.4	20.6	5.8
Asset turnover	1.07	0.87	0.62
Return ratios
Return on assets %	18.5%	17.6%	13%
Return on capital employed %	26.4%	35.4%	36.7%
Return on equity %	24.6%	22%	26.7%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Container Corporation Of India LimitedCONCORCONCOR	₹33,663 Cr	₹33,687 Cr	₹9,085 Cr	₹1,962 Cr	21.5%	₹1,242 Cr	13.7%	12.5%	9.8%	10
Delhivery LimitedDELHIVERYDELHIVERY	₹29,952 Cr	₹29,955 Cr	₹11,145 Cr	₹633 Cr	6.1%	₹94 Cr	1.5%	2.8%	1.6%	7
Shadowfax Technologies LimitedSHADOWFAXSHADOWFAX	₹15,982 Cr	₹15,982 Cr	₹4,202 Cr	₹212 Cr	5%	₹112 Cr	2.7%	9.6%	10.4%	10
Blue Dart Express LimitedBLUEDARTBLUEDART	₹10,657 Cr	₹10,857 Cr	₹6,357 Cr	₹1,016 Cr	15.5%	₹287 Cr	4%	19.1%	14.8%	-17
Shiprocket LimitedSHIPROCKETSHIPROCKET	₹8,730 Cr	₹8,972 Cr	₹2,024 Cr	₹-67 Cr	-3.3%	₹-79 Cr	-3.9%	-3.1%	-5.4%	—
Transport Corporation Of India LimitedTCITCI	₹6,727 Cr	₹6,946 Cr	₹5,026 Cr	₹531 Cr	10.5%	₹460 Cr	9.4%	16.5%	19.5%	40
Tvs Supply Chain Solutions LimitedTVSSCSTVSSCS	₹5,666 Cr	₹6,776 Cr	₹11,746 Cr	₹830 Cr	7.1%	₹65 Cr	1.1%	7.9%	6%	-169
Vrl Logistics LimitedVRLLOGVRLLOG	₹4,986 Cr	₹5,441 Cr	₹3,356 Cr	₹685 Cr	20.2%	₹267 Cr	7.4%	18.8%	21.3%	12
Afcom Holdings LtdAFCOMAFCOM	₹4,251 Cr	₹4,314 Cr	₹583 Cr	₹234 Cr	40.1%	₹122 Cr	20.9%	36.7%	36%	73
Mahindra Logistics LimitedMAHLOGMAHLOG	₹4,131 Cr	₹4,174 Cr	₹7,378 Cr	₹416 Cr	5.4%	₹38 Cr	0.2%	8%	0.3%	-26
Gateway Distriparks LimitedGATEWAYGATEWAY	₹2,592 Cr	₹2,884 Cr	₹2,211 Cr	₹478 Cr	21.7%	₹244 Cr	11.7%	11.2%	11.4%	-278
Tci Express LimitedTCIEXPTCIEXP	₹1,938 Cr	₹1,971 Cr	₹1,264 Cr	₹129 Cr	10.1%	₹82 Cr	6.6%	13.7%	10.3%	44

Date	Category	Subject	Filing
30 Sept 2026, 6:04 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
15 Sept 2026, 8:05 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
15 Sept 2026, 5:29 pm	Company Update General	Revised Shareholder Letter	PDF
15 Sept 2026, 9:57 am	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
5 Sept 2026, 4:06 pm	Company Update General	Shareholders Letter	PDF
4 Sept 2026, 5:26 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
3 Sept 2026, 10:46 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
3 Sept 2026, 6:36 pm	AGM/EGM AGM	Shareholders Meeting - AGM On September 25, 2026	PDF

Afcom Holdings Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

Board meetings1

Announcements

Annual reports

Quarterly record

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1