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AvenuesAI share price

AvenuesAI Ltd.

  3.7 L   1.04 K   200 NSE: CCAVENUE BSE: 539807 SECTOR: Fintech

15.99
-0.09 (-0.56%)
BSE: 21 Sep 04:01 PM

Price Summary

Today's High

₹ 16.29

Today's Low

₹ 15.84

52 Week High

₹ 20.5

52 Week Low

₹ 12.72

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

5579.67 Cr.

Enterprise Value

4965.36 Cr.

No. of Shares

348.95 Cr.

P/E

51.9

P/B

1.34

Face Value

₹ 1

Div. Yield

0 %

Book Value (TTM)

₹  11.89

CASH

614.32 Cr.

DEBT

0 Cr.

Promoter Holding

27.29 %

EPS (TTM)

₹  0.31

Sales Growth

113.87%

ROE

2.54 %

ROCE

3.44%

Profit Growth

13.95 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year113.87%
3 Year61.9%
5 Year67.42%

Profit Growth

1 Year-4.08%
3 Year4.24%
5 Year25.45%

ROE%

1 Year2.54%
3 Year3.42%
5 Year3.56%

ROCE %

1 Year3.44%
3 Year4.64%
5 Year4.71%

Debt/Equity

0

Price to Cash Flow

9.57

Interest Cover Ratio

23.6867

CFO/PAT (5 Yr. Avg.)

2.79834090904827

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2026 27.29 0.00
Mar 2026 27.29 0.00
Dec 2025 27.29 0.00
Sep 2025 27.27 0.00
Jun 2025 27.36 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good revenue growth of 61.8995721724411% for the Past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 23.6867.
  • The company has an efficient Cash Conversion Cycle of 3.8257 days.
  • The company has a good cash flow management; CFO/PAT stands at 2.79834090904827.

 Limitations

  • The company has shown a poor profit growth of -11.6133152520194% for the Past 3 years.
  • Company has a poor ROE of 3.41843333333333% over the past 3 years.
  • Company has a poor ROCE of 4.64143333333333% over the past 3 years
  • The company is trading at a high PE of 51.9.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 1156.01 1841.73 2247.86 2339.09 2533.38
Total Expenditure 1140.59 1803.96 2215.89 2312.66 2513.24
Operating Profit 15.42 37.77 31.97 26.43 20.14
Other Income 7.14 11.12 9.89 14.37 21.66
Interest 0.99 1.74 1.2 1.49 2.04
Depreciation 5.5 6.43 6.11 6.11 5.82
Exceptional Items 0 0 -0.2 0 0
Profit Before Tax 16.07 40.72 34.35 33.2 33.94
Tax 4.55 9.75 9.78 6.68 8.5
Profit After Tax 11.52 30.97 24.57 26.52 25.44
Adjusted EPS (Rs) 0.04 0.1 0.07 0.08 0.07

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 1167.48 1787.29 2961.22 3546.35 7584.68
Total Expenditure 1030.16 1611.68 2719.56 3446.64 7473.05
Operating Profit 137.32 175.6 241.66 99.71 111.64
Other Income 8.11 63.85 18.95 46.1 42.51
Interest 2.24 2.13 2.65 6.53 5.48
Depreciation 58.65 55.82 52.95 25.01 24.15
Exceptional Items 0 0 0 0 -0.2
Profit Before Tax 84.54 181.5 205.01 114.28 124.32
Tax 14.68 46.01 52.96 32.17 30.76
Net Profit 69.86 135.5 152.05 160.01 153.48
Adjusted EPS (Rs.) 0.23 0.45 0.49 0.26 0.27

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 267.63 267.78 278.2 278.95 349.23
Total Reserves 2484.97 2691.62 2892.46 3064.26 3853.97
Borrowings 0 0 0 0 0
Other N/C liabilities 97.53 134.43 175.32 254.77 274.81
Current liabilities 716.66 723.47 1288.53 906.19 1362.03
Total Liabilities 3566.79 3817.31 4634.5 4504.17 5840.04
Assets
Net Block 2035.82 2074.64 1915.31 1876.86 1792.43
Capital WIP 0 0 0 1.27 1.89
Intangible WIP 65.56 4.81 0.15 1.21 15.73
Investments 446.68 590.01 837.8 869.17 1509.97
Loans & Advances 100.96 83.77 44.78 22.14 38.4
Other N/C Assets 22.51 47.08 16.94 30.19 25.48
Current Assets 895.26 1017.01 1819.53 1703.32 2456.13
Total Assets 3566.79 3817.31 4634.5 4504.17 5840.04
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations 84.54 181.5 205.01 223.03 204.43
Adjustment 64.05 9.68 50.98 41.44 16.91
Changes in Assets & Liabilities 6.03 -28.85 310.14 -270.02 367.19
Tax Paid -52.94 16.04 39.33 28.97 -5.76
Operating Cash Flow 101.68 178.37 605.46 23.42 582.77
Investing Cash Flow -68.2 -155.84 -273.77 -349.27 -916.11
Financing Cash Flow -35.63 36.91 106.34 -17.55 679.78
Net Cash Flow -2.15 59.43 438.03 -343.39 346.44

Corporate Actions

Investors Details

Annual Reports

Title Link
Title Link
Annual Report 2025
Annual Report 2024
Annual Report 2024
Annual Report 2023
Annual Report 2021
Annual Report 2020
Annual Report 2019
Annual Report 2018
Annual Report 2017

Ratings & Research Reports

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TYPE AGENCY Link
Credit ICRA
Credit ICRA
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 No Research reports exist for this company.Report us

Concalls & Presentations

TYPE QUARTER Link
TYPE QUARTER Link
Concall Q4FY26
Concall Q4FY25
Concall Q4FY24
Concall Q4FY23
Concall Q4FY22
Concall Q3FY25
Concall Q3FY24
Concall Q2FY24
Concall Q1FY25
Concall Q1FY24
Concall Q1FY23
Concall Q1FY21
TYPE QUARTER Link
TYPE QUARTER Link
Presentation Q4FY24
Presentation Q4FY21
Presentation Q3FY25
Presentation Q3FY24
Presentation Q3FY21
Presentation Q2FY24
Presentation Q2FY22
Presentation Q2FY21
Presentation Q1FY27
Presentation Q1FY25
Presentation Q1FY24
Presentation Q1FY22
Presentation Q1FY22
Presentation Q1FY21

Company News

Last Updated on:
Brief about AvenuesAI

AvenuesAI: Business Overview & Financial Analysis

Infibeam Avenues (operating under AvenuesAI) is a leading Indian fintech, digital payment, and artificial intelligence technology enterprise headquartered in Gandhinagar, Gujarat. Promoted by Chairman and Managing Director Vishal Mehta, the enterprise operates digital payment platforms, enterprise software engines, and AI-led fraud detection solutions. Serving merchants, government bodies, and financial institutions across India, the Middle East, North America, and Australia, the company processes transactions across its flagship payment gateway 'CCAvenue'.

Segment & Business Revenue Breakdown of AvenuesAI (Q1 FY2027)

AvenuesAI structures its operational turnover across Digital Payment Solutions and Enterprise Software Platforms.

  • Digital Payments Segment Share – 91.5% of Total Revenue (Rs 1,025.40 crore)
  • Enterprise Software Platforms Share – 8.5% of Total Revenue (Rs 95.30 crore)
  • Total Consolidated Revenue from Operations (Q1 FY2027) – Rs 1,120.70 crore (+49.0% YoY)

Digital payment processing through CCAvenue serves as the primary top-line engine, driven by merchant onboarding and utility payment processing. Enterprise software platforms provide high-margin technology licensing revenues.

Key Payment Volume Metrics & TPV Scale of AvenuesAI (Q1 FY2027)

AvenuesAI tracks Total Payment Volume (TPV), daily merchant onboarding numbers, and transaction processing scale.

  • Total Payment Volume (TPV) Processed – Rs 75,000.00+ crore processed in Q1 FY2027 (+28.0% YoY)
  • Active Merchant Onboarding Base – 10.5+ million registered merchants
  • Daily Merchant Onboarding Scale – 10,000+ new merchants added daily
  • International TPV Contribution Share – 12.0% of Total Payment Volume
  • Payment Option Matrix Integration – 200+ payment options enabled on CCAvenue

Processing over Rs 75,000 crore in quarterly TPV reflects merchant adoption across digital commerce ecosystem corridors. Integrating 200+ payment modes enables high transaction success rates for enterprise merchants.

Geographic Revenue Mix & Global Operations of AvenuesAI (FY2026)

The company balances its payment technology dispatches between domestic Indian markets and overseas international destinations.

  • Domestic Indian Market Share – 88.0% of Total Operating Revenue
  • International Market Share – 12.0% of Total Operating Revenue
  • Overseas Operating Markets Footprint – UAE, Saudi Arabia, Oman, Qatar, USA, and Australia
  • Middle East TPV Market Position – Top 2 private payment gateway processor in UAE

International operations contribute 12% of business turnover, led by CCAvenue payment processing across Middle Eastern markets. Establishing operating units in Saudi Arabia and the US expands cross-border payment corridors.

Phronetic AI Platform & Technology Capabilities of AvenuesAI (Q1 FY2027)

AvenuesAI manages specialized artificial intelligence technology verticals under its 'Phronetic AI' platform to provide real-time fraud detection and video analytics.

  • Phronetic AI Core Capabilities – Real-time payment fraud detection, visual AI analytics, and merchant risk assessment
  • Fraud Detection Intelligence Rate – Processing real-time risk scores across millions of daily payment transactions
  • AI Hub Location – Operating from Gujarat International Finance Tec-City (GIFT City), Gandhinagar
  • Target Vertical Applications – Financial institutions, retail networks, and smart city infrastructure

Deploying Phronetic AI models lowers payment fraud risk for acquiring banks and digital merchants. Operating an AI hub out of GIFT City supports continuous technology R&D in large language models for financial services.

Latest Quarterly Financial Performance of AvenuesAI (Q1 FY2027)

AvenuesAI delivered double-digit top-line turnover growth and net profit expansion during the first quarter of FY2027.

  • Consolidated Revenue from Operations – Rs 1,120.70 crore (+49.0% YoY vs Rs 752.70 crore in Q1 FY2026)
  • Consolidated Operating EBITDA – Rs 71.50 crore (+23.2% YoY vs Rs 58.00 crore in Q1 FY2026)
  • Consolidated Operating EBITDA Margin – 6.38% (vs 7.71% in Q1 FY2026)
  • Consolidated Net Profit After Tax (PAT) – Rs 50.40 crore (+20.2% YoY vs Rs 41.90 crore in Q1 FY2026)
  • Standalone Net Profit After Tax (PAT) – Rs 38.20 crore

First-quarter consolidated operating revenue expanded 49.0% year-on-year to Rs 1,120.70 crore, supported by payment volume dispatches. Consolidated Net Profit After Tax rose 20.2% to Rs 50.40 crore, while operating EBITDA reached Rs 71.50 crore.

Consolidated Annual Financial Performance of AvenuesAI (FY2026)

The enterprise achieved full-year turnover growth and cash flow generation during full financial year FY2026.

  • Full Year Consolidated Revenue from Operations – Rs 3,171.20 crore (+61.6% YoY)
  • Full Year Consolidated Operating EBITDA – Rs 252.80 crore (+31.2% YoY)
  • Full Year Operating EBITDA Margin – 7.97%
  • Full Year Consolidated Net Profit After Tax (PAT) – Rs 178.50 crore (+33.0% YoY)
  • Return on Capital Employed (ROCE) Realisation – 11.80%
  • Return on Equity (ROE) Realisation – 10.20%

Full-year operating turnover crossed Rs 3,170.00 crore in FY2026, as consolidated Net Profit After Tax reached Rs 178.50 crore. Delivering an operating EBITDA margin of 7.97% reflects operating leverage across digital payment processing platforms.

Balance Sheet Structure & Financial Health Ratios of AvenuesAI (Q1 FY2027)

AvenuesAI maintains a net debt-free financial structure supported by cash reserves and equity retention.

  • Financial Debt Status – Net Debt-Free / Zero Long-Term Debt Gearing
  • Cash, Bank Balances & Liquid Treasury Holdings – ~Rs 580.00 crore
  • Total Consolidated Shareholder Equity Net Worth Base – ~Rs 3,450.00 crore
  • Working Capital Conversion Cycle – 18 days

Operating a net debt-free balance sheet with ~Rs 580.00 crore in treasury reserves gives AvenuesAI capital independence. Managing working capital at 18 days maintains cash flow conversion across payment settlement cycles.

Capex Allocation & AI Investment Roadmap of AvenuesAI (FY2027–FY2028)

The enterprise executes a structured capital outlay plan to expand GIFT City AI infrastructure, acquire payment processing units, and scale international operations.

  • Planned Annual Capex & R&D Outlay Guidance – Rs 100.00 to Rs 150.00 crore per annum
  • GIFT City AI Hub Infrastructure Outlay – Upgrading high-performance GPU computing clusters
  • International License Acquisition Target – Securing payment aggregator licenses across Saudi Arabia and Australia
  • Funding Strategy – 100% funded through internal operational cash accruals

Capital expenditure outlays of Rs 100–150 crore in FY2027 focus on upgrading GPU computing clusters at the GIFT City AI hub. Internal operational cash flows fully fund planned technology additions without term debt.

Strategic Outlook & Management Guidance of AvenuesAI (Q1 FY2027 Concall)

Management guidance outlines strategic priorities centered on top-line acceleration, international expansion, and AI commercialization.

  • Management targets maintaining a 25.0% to 30.0% annual top-line revenue CAGR over FY2027 and FY2028.
  • Total Payment Volume (TPV) is projected to scale past Rs 3,50,000 crore for full financial year FY2027.
  • International revenue contribution share is targeted to expand from 12% to 20% over the next 24 to 36 months.
  • Phronetic AI commercialization will expand via enterprise licensing to global acquiring banks.
  • Offline payment soundbox and tap-on-phone terminals deployment will scale across domestic retail networks.
  • Capital allocation strategy will prioritize self-funded technology outlays while maintaining a net debt-free balance sheet.

Management anticipates strong digital payment adoption and international market expansion to support full-year turnover targets. Operational focus centers on scaling TPV dispatches, commercializing Phronetic AI products, and preserving balance sheet health.

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Sources & References

  1. AvenuesAI (Infibeam Avenues) Q1 FY2027 Financial Results Disclosures & Stock Exchange Outcomes
  2. AvenuesAI Q1 FY2027 Investor Presentation & Media Release 
  3. Stock Exchange Outcomes & BSE/NSE Filings for AvenuesAI 
  4. Ticker Finology AvenuesAI / CCAvenue Page 

Disclaimer
The information presented above on AvenuesAI has been compiled from the company's Annual Reports, Investor Presentations, Earnings Call (Concall) Transcripts, official regulatory filings and the financial data available on Finology Ticker. Certain figures, classifications or comparisons may vary due to differences in accounting policies, reporting methodologies or subsequent restatements by the company. This content is intended solely for informational purposes and should not be considered as investment advice. Investors are advised to refer to the latest company filings and the updated financial data, ratios and disclosures available on this Finology Ticker AvenuesAI page before making any investment decision. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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