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AvenuesAI Ltd (CCAVENUE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539807 NSE: CCAVENUE Fintech | Small Cap | AvenuesAI Share Price
₹16.31 0.94 (6.12%)
As on 11-Sep'26 16:59
AvenuesAI Ltd (CCAVENUE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539807 NSE: CCAVENUE Fintech | Small Cap | AvenuesAI Share Price
₹16.31 0.94 (6.12%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹5,374 Cr.
Current Price
₹16.3
52-Week Low / High
₹13 / 21
TTM EPS
₹0.8
TTM Sales
₹9,516 Cr.
Book Value per Share
₹13.6
P/E Ratio
18.28
Lower than its 5-year historical median
Industry PE
113.7
Price to Book (P/B)
1.13
Lower than its 5-year historical median
Price to Sales (P/S)
0.56
Lower than its 5-year historical median
EV/EBITDA
10.19
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
7.08%
Outperforms industry median
Return on Capital Employed (ROCE)
7.98%
In line with industry median
Return on Assets (ROA)
4.65%
Operating Profit Margin
4.9%
Net Profit Margin
3.63%
Gross Profit Margin
5.2%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
113.87%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
17.04%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
24.95%
Asset Quality
Promoter Holding
27.29%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹4,415 Cr.
Equity
₹349.6 Cr.
Face Value
₹1
All Time Low / High
₹5.93 / 54.27
Check Before You Invest
Quality
Not GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is AvenuesAI Ltd a good quality company?
AvenuesAI Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does AvenuesAI Ltd performance compare with that of its Peers?
Revenue growth of AvenuesAI Ltd vs industry peers?
AvenuesAI Ltd revenue CAGR is 64.39%, compared to the industry median CAGR of 9.36%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of AvenuesAI Ltd?
Promoters hold 27.29% of the AvenuesAI Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of AvenuesAI Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -2.2% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
AvenuesAI Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 6.1% | 2.5% | 2.5% | 2.5% | 2.4% | 3.2% | 6.4% | 6.8% | 3.7% | 3.4% | - |
| Value Creation Index ⓘ | -0.6 | -0.8 | -0.8 | -0.8 | -0.8 | -0.8 | -0.5 | -0.5 | -0.7 | -0.8 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 53.2 | 306 | 545 | 582 | 577 | 1,167 | 1,787 | 2,963 | 3,546 | 7,585 | 8,962 |
| Sales YoY Gr. | - | 475.5% | 78.1% | 6.8% | -0.9% | 102.4% | 53.1% | 65.8% | 19.7% | 113.9% | - |
| Adj EPS ⓘ | 0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.4 | 0.5 | 0.3 | 0.3 | 0.3 |
| YoY Gr. | - | NA | 50% | 44.4% | 30.8% | 35.3% | 65.2% | 23.7% | -40.4% | 3.6% | - |
| BVPS (₹) ⓘ | 3.2 | 10.5 | 8.6 | 8.7 | 8.8 | 9 | 9.5 | 10.1 | 10.4 | 11.8 | 11.9 |
| Adj Net Profit ⓘ | 0.4 | 14.5 | 25.9 | 38.9 | 49.7 | 69.4 | 113 | 147 | 86.4 | 102 | 108 |
| Cash Flow from Ops. ⓘ | -4.7 | 3.1 | 180 | 24 | 158 | 102 | 178 | 605 | 23.4 | 583 | - |
| Debt/CF from Ops. ⓘ | -18 | 18.2 | 0.2 | 1.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 73.5% | 67.4% | 61.9% | 113.9% | ||||
| Adj EPS ⓘ | NA | 11.3% | -8.6% | 3.6% | ||||
| BVPSⓘ | 15.6% | 6% | 7.6% | 13.2% | ||||
| Share Price | -1.6% | -3.9% | -0.4% | 1.2% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.1 | 0.9 | 1 | 1.5 | 1.9 | 2.6 | 4 | 4.8 | 2.7 | 2.7 | 2.6 |
| Op. Profit Mgn % ⓘ | 37.5 | 20.2 | 16.5 | 22 | 21.6 | 11.8 | 9.8 | 8.1 | 3.1 | 1.7 | 1.3 |
| Net Profit Mgn % ⓘ | 0.7 | 4.7 | 4.8 | 6.7 | 8.6 | 5.9 | 6.3 | 5 | 2.4 | 1.4 | 1.2 |
| Debt to Equity ⓘ | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 2,263 | 668 | 364 | 271 | 338 | 248 | 189 | 137 | 143 | 76 | 50 |
| Cash Conv. Cycle ⓘ | 53 | 27 | 14 | 6 | 13 | 8 | 6 | 9 | 8 | 3 | 22 |
Valuation of AvenuesAI - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 441 | 839 | 1,159 | 633 | 676 | 1,294 | 1,962 | 3,150 | 3,993 | 8,116 |
| Operating Expenses ⓘ + | 375 | 683 | 983 | 482 | 534 | 1,149 | 1,783 | 2,896 | 3,689 | 7,760 |
| Operating Profit ⓘ | 67 | 157 | 176 | 151 | 142 | 145 | 180 | 254 | 304 | 356 |
| Operating Profit Margin (%) | 15.1% | 18.7% | 15.2% | 23.9% | 21.0% | 11.2% | 9.2% | 8.1% | 7.6% | 4.4% |
| Other Income ⓘ + | 16 | 31 | 11 | 12 | 10 | 10 | 71 | 25 | 73 | 89 |
| Interest ⓘ | 4 | 6 | 6 | 4 | 4 | 2 | 2 | 3 | 9 | 19 |
| Depreciation ⓘ | 22 | 66 | 82 | 87 | 75 | 63 | 62 | 67 | 70 | 77 |
| Profit Before Tax ⓘ | 56 | 115 | 153 | 132 | 82 | 98 | 182 | 208 | 308 | 341 |
| Tax ⓘ | 13 | 27 | 27 | 22 | 12 | 15 | 46 | 52 | 72 | 46 |
| Profit After Tax | 44 | 88 | 126 | 111 | 70 | 84 | 136 | 156 | 236 | 295 |
| PAT Margin (%) | 9.9% | 10.5% | 10.9% | 17.5% | 10.4% | 6.5% | 6.9% | 5.0% | 5.9% | 3.6% |
| Adjusted EPS (₹) | 0.2 | 0.4 | 0.4 | 0.4 | 0.2 | 0.3 | 0.5 | 0.5 | 0.7 | 0.8 |
| Dividend Payout Ratio (%) | 0% | 12.30% | 0% | 6.20% | 9.20% | 15.50% | 9.60% | 8.80% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 753 | 2,594 | 2,704 | 2,783 | 2,860 | 2,899 | 3,044 | 3,308 | 3,645 | 4,681 | |
| Debt + | 136 | 67 | 40 | 26 | 20 | 0 | 0 | 72 | 153 | 399 | |
| Minority Interest | -1 | 0 | -1 | -2 | -0 | -3 | 1 | -2 | 108 | 231 | |
| Trade Payables | 17 | 25 | 18 | 30 | 22 | 39 | 15 | 15 | 32 | 25 | |
| Others Liabilities ⓘ | 127 | 282 | 412 | 292 | 648 | 919 | 1,045 | 1,750 | 1,430 | 1,965 | |
| Total Liabilities ⓘ | 1,032 | 2,968 | 3,174 | 3,130 | 3,550 | 3,854 | 4,104 | 5,142 | 5,369 | 7,302 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 90 | 2,115 | 2,102 | 2,126 | 2,101 | 2,081 | 2,143 | 2,125 | 2,275 | 2,917 | |
| CWIP ⓘ | 121 | 60 | 32 | 0 | 16 | 146 | 74 | 311 | 448 | 188 | |
| Investments ⓘ | 60 | 27 | 102 | 392 | 457 | 394 | 461 | 543 | 485 | 814 | |
| Inventories | 9 | 12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Receivables | 55 | 111 | 24 | 53 | 73 | 81 | 65 | 116 | 89 | 114 | |
| Cash Equivalents | 307 | 183 | 133 | 99 | 178 | 210 | 272 | 696 | 331 | 928 | |
| Others Assets ⓘ | 390 | 462 | 780 | 459 | 725 | 943 | 1,088 | 1,351 | 1,740 | 2,341 | |
| Total Assets ⓘ | 1,032 | 2,968 | 3,174 | 3,130 | 3,550 | 3,854 | 4,104 | 5,142 | 5,369 | 7,302 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 59 | 97 | 308 | 22 | 155 | 122 | 113 | 728 | 72 | 537 |
| Cash Flow From Investing Activity ⓘ + | -558 | -16 | -222 | -37 | -64 | -55 | -88 | -448 | -672 | -911 |
| Cash Flow From Financing Activity ⓘ + | 162 | -97 | -54 | -26 | -9 | -36 | 37 | 178 | 208 | 957 |
| Net Cash Flow ⓘ | -338 | -15 | 32 | -40 | 82 | 31 | 61 | 458 | -391 | 582 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.28 | 5.27 | 4.77 | 4.03 | 2.49 | 2.91 | 4.59 | 4.91 | 6.79 | 7.08 |
| ROCE (%) | 7.63 | 6.7 | 5.85 | 4.87 | 2.99 | 3.43 | 6.02 | 6.35 | 8.63 | 7.98 |
| Asset Turnover Ratio | 0.5 | 0.42 | 0.38 | 0.2 | 0.2 | 0.35 | 0.49 | 0.68 | 0.76 | 1.28 |
| PAT to CFO Conversion(x) | 1.34 | 1.1 | 2.44 | 0.2 | 2.21 | 1.45 | 0.83 | 4.67 | 0.31 | 1.82 |
| Working Capital Days | ||||||||||
| Receivable Days | 42.80 | 36.10 | 21.30 | 22.40 | 34.10 | 21.70 | 13.60 | 10.50 | 9.40 | 4.60 |
| Inventory Days | 13.70 | 4.60 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 28.60 | 26.80 | 39.30 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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AvenuesAI Ltd FAQs
The current trading price of AvenuesAI on 11-Sep-2026 16:59 is ₹16.31.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of AvenuesAI stood at ₹5,374 Cr
The latest P/E ratio of AvenuesAI as of 10-Sep-2026 is 49.99.
The latest P/B ratio of AvenuesAI as of 10-Sep-2026 is 1.29.
The 52-week high of AvenuesAI is ₹20.50 and the 52-week low is ₹12.72.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of AvenuesAI is ₹8,962 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that AvenuesAI Ltd is a below average quality company.
The key valuation ratios of AvenuesAI Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of AvenuesAI Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About AvenuesAI Ltd
Infibeam Avenues Limited (formerly known as Infibeam Incorporation Limited) was incorporated on June 30, 2010 under the Companies Act, 1956. The company is a public company domiciled in India and is incorporated under the provisions of the Companies Act applicable in India. The company’s shares are listed on the BSE Limited and National Stock Exchange of India Limited in India.
Infibeam Avenues (IAL) is a leading digital payments and e-commerce technology platforms company in India and provides a comprehensive suite of web services spanning digital payment solutions, data centre infrastructure and software platforms. It provides solutions to merchants, enterprises, corporations and governments in both domestic as well as international markets to enable online commerce. Its digital technology facilitates businesses and governments to execute e-commerce transactions in a safe and secure manner.
Business area of the company
Infibeam Avenues is primarily engaged in business of software development services, maintenance, web development, payment gateway services, e-commerce and other ancillary services.
Businesses
- Payments
- Infrastructure
- Platform
Brands
- CCAvenue
- BillAvenue
- ResAvenue
- buyooo
- Buildabazar
Awards
FY2017-18
- A Golden Hat-trick: Infibeam Avenues wins ‘Best eCommerce Payment Innovation’ Accolade yet again at the eRetail Awards for CCAvenue
- Infibeam Avenues Conferred with Consumer Durable & E-Retail of the Year Award at E-Retail Award 2018 by Franchise India
- CCAvenue bags award for ‘Best Innovation in Payments & Transfers’ at the prestigious MoneyTech Awards organized by Entrepreneur India
- Indian ICT Awards by Frost and & Sullivan for E-Commerce Platform Provider of the year (BuildaBazaar)
- CCAvenue bags the ‘Silver Award’ at the prestigious Skoch Payments Award
- ET Retail Awards for game changing idea of the year
FY2018-19
- Ranked 418 in FT1000 High Growth Companies Asia -Pacific 2018
- Consumer Durable & E-Retail of the Year Award
- Best Digital Payments company BFSI Awards 2019 by Governance Now
- The Best Digital Payment Facilitator
- Best eCommerce Payment Innovation
- Best Marketing Technology Combination
- Risk Management Team of the Year
- Best Digital Payment Facilitator
- Best Online Payments Facilitator
- Fastest Growing Online Service Provider in UAE
FY2019-20
- Best Digital Payment Processor India Digital Summit 2020, by IAMAI
- Best Technology Platform SKOCH Award: Technology deployment for Government Projects & Digital Platforms.
- CCAvenue recognised as Superbrand 2019 Superbrands India
- Best Workplace of the Year Employee Experience & Engagement Awards 2019, by Transformance Forums
- Digital Payment Facilitator - Category Leader REACH Acceptance Summit 2019, by Mastercard
- Most Innovative Online Payment Service Provider Global Business Outlook Awards 2019
- Game changing idea of the year ET Retail Awards
- Best Digital Payment Facilitator Drivers of Digital (DOD) Awards 2019, by Inkspell
- Most Innovative Payment Service Provider & Fastest Growing Online Payment Service Provider (U.A.E) International Finance Awards 2019
- Best Online Payments Facilitator MEA UAE Business Awards 2019
- Risk Management Team of the Year ERM World Awards 2019, by Transformance Forums
Milestones
- 2007: Launch of Infibeam.com, an eCommerce marketplace
- 2010: Launch of Small and Medium Enterprise (SME) marketplace software platform to build online stores for doing business online (BuildaBazaar)
- 2014: Launch of large enterprise marketplace software platform to build scalable online stores (BuildaBazaar for enterprise)
- 2014: Acquired ODigMa, an online digital marketing services company
- 2014: Received licence from ICANN to launch and operate ‘.OOO’ GTLD globally
- 2016: Got listed on the BSE and NSE. Part of S&P BSE A Group and S&P BSE 500
- 2017: Acquired and merged Avenues India (CCAvenue) to offer payments, along with platform solutions
- 2017: Won contract from the Government of India for powering their online procurement portal, Government e-Marketplace (GeM)
- 2017: Acquired 51% with control of cloud ERP solutions provider DRC Systems
- 2018: Rebranded Infibeam Incorporation to Infibeam Avenues to reflect focus on payments business, along with platforms business
- 2018: Acquired Dubai-based Vavian International to launch payments business in the UAE
- 2019: Demerged and divested non-core businesses; supply-chain related SME marketplace software platform to Suvidhaa, ancillary eCommerce business to Ingenius eCommerce, demerged Theme Park & Event Software to DRC, and sold 51% stake in the UAE software platform entity to Unipropitia
- 2019: Filed for the demerger and listing of Suvidhaa and DRC Systems to unlock shareholder value
- 2020: Launched digital payments in the KSA, Oman and USA
- 2020: Acquired Cardpay Technologies (GRIT) to offer credit cards to corporate
- 2020: Planning to increase stake in Go Payments to 52.38% and partner them to offer pre-paid cards
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