Infibeam Avenues Ltd - Stock Valuation and Financial Performance

BSE: 539807 | NSE: INFIBEAM | Fintech | Small Cap

Infibeam Avenues Share Price

35.52 -0.71 -1.96%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Infibeam Avenues

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Infibeam Avenues stock performance -

mw4me loader
P/E Ratio (CD):
66.87
Market Cap:
9,881.7 Cr.
52-wk low:
13.2
52-wk high:
42.5

Is Infibeam Avenues Ltd an attractive stock to invest in?

1. Is Infibeam Avenues Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Infibeam Avenues Ltd is a below average quality company.

2. Is Infibeam Avenues Ltd undervalued or overvalued?

The key valuation ratios of Infibeam Avenues Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Infibeam Avenues Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Infibeam Avenues Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Infibeam Avenues:

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
Infibeam Avenues Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -31.5%-5.5%2.3%6%5.2%3.6%3.8%2.7%3%3.3%-
Value Creation
Index
-3.3-1.4-0.8-0.6-0.6-0.8-0.7-0.8-0.8-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2072883374418391,1596336761,2941,9623,097
Sales YoY Gr.-39%16.9%31%90.2%38.1%-45.4%6.9%91.4%51.7%-
Adj EPS -0.2-0.100.20.40.40.40.30.30.40.5
YoY Gr.-NANA425%95.2%-14.6%11.4%-30.8%18.5%15.6%-
BVPS (₹) 0.41.133.51210.210.510.710.811.412
Adj Net
Profit
-25.8-9.49.344.389.292.510473.285.799.8147
Cash Flow from Ops. -10.7-20.923.959.397.330822.4155122113-
Debt/CF from Ops. -0.8-0.20.22.30.70.11.20.100-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 28.4%18.5%45.8%51.7%
Adj EPS NA-2%-1.7%15.6%
BVPS45.1%-1%2.8%5%
Share Price - 24.6% 18% 155.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-48.4-6.42.16.15.23.53.82.62.93.34.5
Op. Profit
Mgn %
-9.7-0.66.515.218.815.223.921.211.29.27.6
Net Profit
Mgn %
-12.9-3.32.69.910.67.916.410.56.44.94.8
Debt to
Equity
0.1000.2000000-
Working Cap
Days
14313214524422616927233925720281
Cash Conv.
Cycle
4163734301561812830

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.50%

Sales growth is growing at healthy rate in last 3 years 45.83%

Sales growth is good in last 4 quarters at 84.94%

Net Profit has been subdued in last 3 years -1.74%

Latest Financials - Infibeam Avenues Ltd.

Standalone Consolidated
TTM EPS (₹) 0.5 0.5
TTM Sales (₹ Cr.) 2,906 3,097
BVPS (₹.) 11.3 12
Reserves (₹ Cr.) 2,858 3,072
P/BV 3.15 2.95
PE 69.60 66.87
From the Market
52 Week Low / High (₹) 13.22 / 42.50
All Time Low / High (₹) 6.64 / 60.70
Market Cap (₹ Cr.) 9,882
Equity (₹ Cr.) 278.2
Face Value (₹) 1
Industry PE 282.3

Management X-Ray of Infibeam Avenues:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Infibeam Avenues

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2072883374418391,1596336761,2941,962
Operating Expenses 2282913153756839834825341,1491,783
Manufacturing Costs12321813953974441,0361,635
Material Costs1682232322732882030000
Employee Cost 222128295674536282108
Other Costs 3645527115831131293139
Operating Profit -20-32267157176151142145180
Operating Profit Margin (%) -9.8%-1.0%6.5%15.1%18.7%15.2%23.9%21.0%11.2%9.2%
Other Income 27516311112101071
Interest 1114664422
Depreciation 7131822668287756362
Exceptional Items 00000478000
Profit Before Tax -27-109561151531328298182
Tax 00013272722121546
Profit After Tax -27-10944881261117084136
PAT Margin (%) -13.0%-3.5%2.6%9.9%10.5%10.9%17.5%10.4%6.5%6.9%
Adjusted EPS (₹)-0.2-0.10.00.20.40.50.40.30.30.5
Dividend Payout Ratio (%)0%0%0%0%12%0%6%9%15%10%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 631816337532,5942,7042,7832,8602,8993,044
Share Capital 40435354546666133268268
Reserves 241395806992,5402,6372,7162,7272,6312,776
Minority Interest10-0-10-1-2-0-31
Debt9541366740262000
Long Term Debt42003527181100
Short Term Debt43413632149900
Trade Payables25212617251830223915
Others Liabilities 3761771272824122926489191,045
Total Liabilities 1352687391,0322,9683,1743,1303,5503,8544,104

Fixed Assets

Gross Block6281841302,2212,1972,2742,3232,3662,491
Accumulated Depreciation1730174010696148223285347
Net Fixed Assets455167902,1152,1022,1262,1012,0812,143
CWIP 82619121603201614674
Investments 0006027102392457394461
Inventories9122491200000
Trade Receivables173348551112453738165
Cash Equivalents 46051730718313399178210272
Others Assets5285653904627804597259431,088
Total Assets 1352687391,0322,9683,1743,1303,5503,8544,104

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -11-2124599730822155122113
PBT -27-10956116146787390187
Adjustment 20122219605281757014
Changes in Working Capital -2-18-3-11-64134-118209-104
Tax Paid -1-5-4-5-14-23-18-13-4816
Cash Flow From Investing Activity -17-91-3-558-16-222-37-64-55-88
Capex -15-50-12-230-187-149-41-83-42-61
Net Investments 1-443-342156-221-1112-18-38
Others -3351415149167511
Cash Flow From Financing Activity 30123440162-97-54-26-9-3637
Net Proceeds from Shares 651234506012-1000-2
Net Proceeds from Borrowing 0000000-700
Interest Paid 0-1-1-4-6-6-4-3-3-2
Dividend Paid 0000-7-7-70-130
Others -351-9106-96-40-150-2040
Net Cash Flow 211461-338-1532-40823161
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-62.18-8.32.166.285.274.774.032.492.914.59
ROCE (%)-33.25-5.72.237.636.75.854.872.993.436.02
Asset Turnover Ratio1.631.430.670.50.420.380.20.20.350.49
PAT to CFO Conversion(x)N/AN/A2.671.341.12.440.22.211.450.83
Working Capital Days
Receivable Days46324443362122342214
Inventory Days12132014500000
Payable Days6837362927390000

Infibeam Avenues Ltd Stock News

Infibeam Avenues Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Infibeam Avenues on 12-Apr-2024 16:59 is ₹35.52.
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 12-Apr-2024 16:59 the market cap of Infibeam Avenues stood at ₹9,881.7.
The latest P/E ratio of Infibeam Avenues as of 12-Apr-2024 16:59 is 69.60.
The latest P/B ratio of Infibeam Avenues as of 12-Apr-2024 16:59 is 3.15.
The 52-week high of Infibeam Avenues is ₹42.50 and the 52-week low is ₹13.22.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Infibeam Avenues is ₹2,906 ( Cr.) .

About Infibeam Avenues 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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