Afcom Holdings Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹4,385 Cr
- P/E
- 29.88
- ROE
- 36.85%
- PEG
- 0.27
- Price to sales
- 6.85
- Debt to equity
- 0.54
- 52W high / low
- ₹1,652 / ₹652
- Sales growth (5Y)
- 111.16%
- EBITDA margin
- 38.60%
- Net profit margin
- 20.91%
- Promoter holding
- 35.40%
- Sales (last year)
- ₹640 Cr
Incorporated in February 2013, Afcom Holdings Limited is involved in transporting cargo on an airport-to-airport basis.[1]
Guidance scorecard · Q1 FY27 call
What Afcom Holdings's management guided
and where it ranks in Transport Services
Transport Services
RevenueQ4 FY26 call
40%+- Current top-line for FY25-26 was INR 583 crores with only two aircraft, indicating strong performance despite capacity constraints.
- Management expects revenue to at least double as capacity doubles with additional aircraft induction.
- Additional aircraft planned: 4th and 5th operational before next quarter; two wide-body Boeing 777s expected by end of calendar year FY27.
- New wide-body aircraft expected to significantly increase volume and revenue, with each B777 potentially generating three times the current revenue of a 737.
- Demand remains high due to geopolitical factors, with every kg of added capacity expected to be fully utilized.
2 more points from Afcom Holdings's call on revenue
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MarginsQ4 FY26 call
FlatSee what Afcom Holdings said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Utilization of new wide-body aircraft expected to increase capacity threefold per unit compared to existing aircraft.
- Strategy includes balancing charter and regular cargo flights to optimize revenue per trip and capacity utilization.
- The fleet additions align with increasing demand post geopolitical disruptions, indicating strategic capacity augmentation.
FundraisingQ4 FY26 call
PlannedSee what Afcom Holdings said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- The company had planned to induct three more aircraft last year but faced regulatory delays.
- The third aircraft has been inducted and is operational.
- The fourth and fifth aircraft are on the way and expected to be operational before the next quarter.
- There is a plan to induct two wide-body Boeing 777 aircraft.
- One of the Boeing 777 aircraft is expected to be operational by the last quarter of FY27.
2 more points from Afcom Holdings's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Transport Services
on management's own guidance
- 2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Transport Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹796 Cr | 25.0 | |
| 2 | Afcom HoldingsThis stock | 40%+ | Flat | ₹3,876 Cr | 26.4 |
| 3 | 40%+ | Flat | ₹564 Cr | 15.8 | |
| 4 | 20–40% | Up 2%+ | ₹589 Cr | 7.8 | |
| 5 | 20–40% | Up 2%+ | ₹236 Cr | 8.2 | |
| 6 | 20–40% | Up 0–2% | ₹543 Cr | 14.9 |
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Pro shows every company guiding 40%+ revenue growth →Full Transport Services rankingFinancials of Afcom Holdings
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Afcom Holdings
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|
| Sales + | 40 | 50 | 100 | 119 | 121 | 153 |
| Expenses + | 38 | 36 | 59 | 82 | 83 | 100 |
| Operating Profit | 1 | 13 | 41 | 37 | 39 | 53 |
| OPM % | 4% | 27% | 41% | 31% | 32% | 35% |
| Other Income + | 0 | 0 | 2 | 0 | 4 | 2 |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 1 | 3 | 3 | 3 | 3 |
| Profit before tax | 1 | 12 | 40 | 33 | 38 | 51 |
| Tax % | 34% | 24% | 33% | 18% | 26% | 24% |
| Net Profit + | 1 | 9 | 27 | 27 | 28 | 38 |
| EPS in Rs | 0.34 | 3.64 | 10.81 | 10.89 | 11.42 | 14.76 |
Financials of Afcom Holdings
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| Sales + | 14 | 48 | 84 | 148 | 239 | 493 |
| Expenses + | 20 | 39 | 66 | 112 | 170 | 324 |
| Operating Profit | -6 | 10 | 18 | 36 | 69 | 170 |
| OPM % | -43% | 20% | 22% | 24% | 29% | 34% |
| Other Income + | 0 | 0 | 1 | 1 | 4 | 8 |
| Interest | 0 | 1 | 1 | 2 | 3 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 4 | 12 |
| Profit before tax | -6 | 8 | 18 | 34 | 65 | 162 |
| Tax % | -31% | 39% | 25% | 26% | 26% | |
| Net Profit + | -4 | 5 | 14 | 25 | 48 | 121 |
| EPS in Rs | -19.74 | 20.61 | 7.78 | 14.12 | 19.48 | 47.88 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Afcom Holdings
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 18 | 18 | 25 | 25 |
| Reserves | -6 | 20 | 56 | 85 | 196 | 250 |
| Borrowings + | 15 | 0 | 0 | 18 | 26 | 34 |
| Other Liabilities + | 0 | 3 | 9 | 16 | 29 | 23 |
| Total Liabilities | 12 | 25 | 83 | 138 | 275 | 332 |
| Fixed Assets + | 0 | 0 | 0 | 0 | 17 | 17 |
| CWIP | 0 | 0 | 12 | 12 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 11 | 25 | 70 | 125 | 258 | 315 |
| Total Assets | 12 | 25 | 83 | 138 | 275 | 332 |
Financials of Afcom Holdings
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | -13 | -4 | -33 | 31 | 27 |
| Cash from Investing Activity + | -0 | -0 | -13 | -55 | -104 |
| Cash from Financing Activity + | 13 | 4 | 52 | 21 | 74 |
| Net Cash Flow | -0 | 0 | 6 | -4 | -3 |
| Free Cash Flow | -13 | -4 | -45 | 31 | 22 |
| CFO/OP | 221% | -39% | -171% | 97% | 54% |
Financials of Afcom Holdings
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 15 | 118 | 62 | 56 | 95 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 15 | 118 | 62 | 56 | 95 |
| Working Capital Days | 189 | 161 | 212 | 80 | 117 |
| ROCE % | 59% | 39% | 37% | 36% |
Guidance history
How Afcom Holdings's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 40%+ | Flat | Planned | Planned | — |
| Q2 FY25 call → | 40%+ | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
85 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,937 stocks |
|---|---|---|
| Last 12 months | +72.6% | 89% |
| Last 6 months | +67.9% | 92% |
| Last 3 months | +0.9% | 61% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,937 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Afcom Holdings: 0.4 × 89 + 0.4 × 92 + 0.2 × 61 = 85.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 13 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Afcom Holdings's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
Earlier calls (1)
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