Afcom Holdings, India's first listed pure-play air cargo airline, plans to expand its Boeing 737-800 freighter fleet from two to five by FY26. With long-term contracts ensuring minimum returns per flight, it targets ₹1,000+ crore revenue, 30-34% EBITDA margins, and 18-20% PAT. SEBI analyst Rajneesh Sharma flagged its strong regulatory, business, and cost moats alongside a bullish chart structure.