Unlisted Shares

Strength

• First Mover Advantage: First company in cargo airline, aids in penetration and grabs a large piece of market share
• Last Mile Delivery: Afcom Holdings has partnered with TT Trucking (Part of TT Logistics Group) to provide Customs Bonded Trucking to ensure last mile connectivity to its clients spread across South India.
  
• Renowned Client-tele: Top leading freight forwarders (such as KWE, DHL, Ceva Logistics, WorldwideGSA, NYK Group, DSV, and CG Logistics), use the services of Afcom Holdings.
  
• Planes: Afcom Holdings’s current fleet of aircraft includes a Boeing 737-300 and a Boeing 737-800 BCF. These aircraft are operated on a wet lease basis
  
• GSSA Agreement: The company has also established agreements with selected freight forwarders to transport their cargo. Like globally renowned Air Logistics Group as GSSA representative in far-eastern countries and Taylor Logistics Private Limited, pioneers in aviation cargo.
  
• Vision: Being a Standalone Cargo Airline the main focus of Afcom Holdings is delivering cargo In 24 Hours, solutions for all size cargo, and last-mile connectivity.

Revenue Growth

• Afcom Holdings achieved remarkable growth of 74% in revenue, i.e. from ₹ 48.5 Cr in FY22 to ₹ 84.3 Cr in FY23, and achieved profitability on account of a strong volume of transit.

Net Profit Margin:

• The net profit margin of the company remained constant at 16% in both FY22 and FY23, despite an increase in net profit from ₹7.7 Cr to ₹13.5 Cr during this period. This stability in profit margin suggests that the company, currently in an expansion phase with an increased labor force to meet growing demand, has successfully passed on the inflationary impact to its customers without compromising its margins.

Return Ratios

• The ROE of the company stands at a rate of 23% in FY23 and the ROCE of the company stands at a rate of 25% in FY23.
  

Financial Projections

• In FY24, the company anticipates achieving revenue within a range of ₹155 Cr to ₹165 Cr, accompanied by an estimated net profit of ₹23 Cr to ₹25 Cr.