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AvenuesAI

CCAVENUE NSE
₹127.78 +1.48 (+1.17%)
P/E
14.34
View as Markdown
MCP
Close 4 Nov 2026 ₹127.78 −50.12 −28.2% since 3 Feb 2026
Start ₹177.90

Key Fundamentals

Microcap

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
7.72%
Debt to Equity
0.09
EPS (TTM)
₹8.91
Book Value
₹137.28
Market Cap
—
P/E (TTM)
14.34
P/B
0.93
ROE
6.64%
Dividend Yield
0.04%
EBITDA
₹444 Cr
52W High
₹194.30
52W Low
₹14.87
Day Range
₹124.54 – ₹129.00
Volume
13,23,151

Peer Comparison

Financial Services › Financial Technology (Fintech)

AvenuesAI peer comparison
Paytm
₹1,732.40170.51₹1,10,812 Cr6.700.00%4.64%4.96%₹8,967 Cr₹649 Cr
PB FinTech
₹965.0059.60₹43,573 Cr5.740.00%9.75%10.30%₹7,334 Cr₹748 Cr
Pine Labs
₹157.77132.58₹18,322 Cr3.030.00%2.46%4.15%₹2,832 Cr₹127 Cr
Moneyview
₹55.0861.20₹9,400 Cr3.140.00%19.00%18.30%₹985 Cr₹33 Cr
Manipal Payment and Identity Solutions
₹331.3525.29₹7,508 Cr21.080.00%45.10%43.30%₹1,538 Cr₹291 Cr
Seshaasai Technologies
₹318.0519.14₹5,154 Cr3.390.80%23.60%28.00%₹1,506 Cr₹270 Cr
AvenuesAI (this company)
₹127.7814.34₹4,438 Cr0.930.04%6.64%7.72%₹9,516 Cr₹322 Cr
Median 7 companies₹318.0559.60₹9,400 Cr3.390.00%9.75%10.30%₹2,832 Cr₹291 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

49 Average

Data confidence 100/100

insider_selling

Category scores

Quality
46
Average
Returns, margins, earnings quality 22% weight
Valuation
59
Good
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
68
Strong
Solvency, leverage, coverage 9% weight
Momentum
32
Poor
Trend strength, vol-adjusted 12% weight
Ownership
43
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company is almost debt free.
  • Stock is trading at 0.85 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 31.2% CAGR over last 5 years

Weaknesses

4
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 27.3%
  • Tax rate seems low
  • Company has a low return on equity of 6.05% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish874
OscillatorsNeutral252
Moving AveragesStrong Bearish622

Key readings

RSI (14)
40.46
Neutral
MACD (12,26,9)
−7.92
Bullish
SMA (50)
146.63
Bearish
SMA (200)
—
Neutral

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+37.46%
5Y+64.39%
3Y+60.53%
1Y+103.26%
TTM+110.16%

Net profit

Net profit growth by window
10Y+41.76%
5Y+33.34%
3Y+29.45%
1Y+25.00%
TTM+43.75%

Operating cash flow

Operating cash flow growth by window
10Y+36.45%
5Y+28.21%
3Y+68.12%
1Y+645.83%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−2.21 pp
5Y−16.69 pp
3Y−4.60 pp
1Y−3.59 pp
TTM−2.71 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹441 Cr
Mar 2018₹839 Cr
Mar 2019₹1,159 Cr
Mar 2020₹633 Cr
Mar 2021₹676 Cr
Mar 2022₹1,294 Cr
Mar 2023₹1,962 Cr
Mar 2024₹3,150 Cr
Mar 2025₹3,993 Cr
Mar 2026₹8,116 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹44.00 Cr
Mar 2018₹88.00 Cr
Mar 2019₹126 Cr
Mar 2020₹108 Cr
Mar 2021₹70.00 Cr
Mar 2022₹84.00 Cr
Mar 2023₹136 Cr
Mar 2024₹156 Cr
Mar 2025₹236 Cr
Mar 2026₹295 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹514 Cr +15.8% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk medium

AvenuesAI Ltd (CCAvenue) is a near debt-free fintech company with a market cap of ₹5,571 Cr trading at a PE of 18.8x and 1.18x book value. The company has demonstrated strong revenue growth (61% CAGR over 3 years) and profit growth (31% CAGR over 5 years), but returns on equity remain subdued at 6-7% and promoter holding has been declining.

Bull Case 8
  • Company is almost debt free, providing significant financial flexibility and low interest burden
  • Compounded sales growth of 61% CAGR over 3 years and 103% TTM growth indicates strong revenue momentum
  • Compounded profit growth of 31% CAGR over 5 years demonstrates consistent earnings expansion
  • Stock trades at 1.18x book value, which is modest for a fintech company with high growth rates
  • PE ratio of 18.8x is reasonable relative to the 30% profit CAGR delivered over 3 years, implying a PEG below 1
  • Median sales growth of 44.9% over the last 10 years shows a long track record of topline expansion
  • 10-year compounded profit growth of 41% CAGR reflects durable long-term earnings scalability
  • Company is expected to deliver a good upcoming quarter based on available estimates
Bear Case 7
  • Return on equity is only 6.05% over 3 years and 7% last year, poor capital efficiency for a fintech at this growth stage
  • Promoter holding is low at 27.3% and has declined by 3.34% over the last 3 years, raising governance and alignment concerns
  • Despite repeated profitability, the company pays negligible dividends (yield of just 0.31%), limiting shareholder returns
  • Stock price CAGR of -3% over 5 years and just 1% over 10 years shows the market has not rewarded shareholders despite profit growth
  • Tax rate appears low, which may indicate reliance on tax benefits that could normalize and compress future earnings
  • Wide disconnect between profit growth (31% CAGR over 5 years) and stock return (-3% over 5 years) suggests possible earnings quality or capital allocation issues
  • ROE has remained in the 5-6% band over 5 and 10 year periods, indicating structurally low return generation on retained capital

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: AvenuesAI secured a key regulatory milestone with RBI approval for prepaid instrument operations, signaling expansion in digital payments. No headwinds are visible from recent news. The approval positions the company for growth in the prepaid segment, though execution and competitive dynamics remain to be seen.

Positives 1
  • RBI approval for prepaid payments Jul 24

    AvenuesAI received RBI approval to launch a payment system for prepaid instruments, enabling it to formally operate in India's prepaid payments segment under regulatory oversight.

Quarterly Results

₹ Cr
CCAVENUE quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
742
787
907
716
745
1,017
1,070
1,161
1,280
1,965
2,381
2,490
2,680
Expenses
694
717
842
650
676
939
992
1,085
1,209
1,875
2,286
2,398
2,580
Operating Profit
49
70
65
67
69
78
78
75
71
90
96
91
100
OPM %
7%
9%
7%
9%
9%
8%
7%
6%
6%
4.6%
4%
3.7%
3.7%
Other Income
3
2.67
6
14
32
4
27
24
28
21
15
25
30
Interest
1
1
0
1
1
2
2
3
2
3
3
10
10
Depreciation
16
17
17
17.86
17
17
19
18
18
19
18
22
34
PBT
35
55
54
62
83
62
84
78
79
89
89
85
87
Tax %
28%
27%
21%
26%
17%
24%
24%
30%
26%
24%
10%
−5%
2%
Net Profit
25
40.46
43
46
69.63
47
64
55
58
68
80
89
85
EPS (₹)
0.78
1.23
1.26
1.34
2.01
1.27
1.79
1.41
1.76
2.38
2.07
2.28
2.18

Profit & Loss

₹ Cr
CCAVENUE profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
288
337
441
839
1,159
633
676
1,294
1,962
3,150
3,993
8,116
9,516
Expenses
291
315
375
683
983
482
534
1,149
1,787
2,898
3,676
7,764
9,140
Operating Profit
−2
22
67
156
176
151
142
145
175
252
316
351
376
OPM %
−0.8%
7%
15%
19%
15%
24%
21%
11%
9%
8%
8%
4.3%
4%
Other Income
7
5
16
31
66
70
19
18
71
25
71
88.99
92
Interest
1
1
4
6
6
4
4
2
2
3
9
19
26
Depreciation
13
18
22
66
82
87
75
63
62
67
70
77
93
PBT
−10
9
56
115
153
130
82
98
182
208
308
345
349
Tax %
0%
−1%
23%
23%
18%
17%
14%
15%
25%
25%
23%
14%
—
Net Profit
−11
9
44
88
126
108
70
84
136
156
236
295
321
EPS (₹)
−0.47
0.35
1.62
3.25
3.83
3.24
2.17
2.58
4.17
4.54
6.46
8
8.91
Div. Payout %
0%
0%
0%
3%
0%
6%
9%
15%
10%
9%
0%
0%
—

Balance Sheet

₹ Cr
CCAVENUE balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
43
53
54
54
66
66
133
268
268
278
279
349
Reserves
170
610
729
2,572
2,671
2,737
2,755
2,690
2,898
3,110
3,457
4,397
Borrowings
5
6
136
67
40
26
20
0
8
83
172
430
Other Liabilities
50
81
124
275
396
300
642
896
930
1,670
1,461
2,126
Total Liabilities
268
750
1,043
2,968
3,174
3,130
3,550
3,854
4,104
5,142
5,369
7,302
Fixed Assets
51
67
90
2,115
2,102
2,126
2,101
2,080
2,143
2,125
2,275
2,917
CWIP
26
19
121
60
32
0
16
146
74
311
448
188
Investments
0
0
60
27
102
392
457
394
461
543
485
814
Other Assets
191
664
772
768
938
612
976
1,234
1,425
2,163
2,161
3,384
Total Assets
268
750
1,043
2,968
3,174
3,130
3,550
3,854
4,104
5,142
5,369
7,302

Cash Flow

₹ Cr
CCAVENUE cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−21
24
59
97
308
22
155
122
113
728
72
537
Investing
−91
−3
−558
20
−280
−42
−55
−55
−88
−448
−644
−911
Financing
123
440
162
−97
−54
−26
−9
−36
37
178
208
957
Net Cash Flow
11
461
−338
20
−27
−45
91
31
61
458
−364
582
Free Cash Flow
−71
12
−171
−90
159
−19
72
80
52
437
−304
196
CFO/EBITDA
701
127
97
72
188
27
118
117
55
273
14
155

Ratios

CCAVENUE financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
42
52
46
48
8
31
39
23
12
13
8
5
Inventory Days
20
37
13
15
0
—
—
—
—
—
—
—
Days Payable
50
43
23
32
—
—
—
—
—
—
—
—
Cash Conversion Cycle
12
46
36
31
8
31
39
23
12
13
8
5
Working Capital Days
11
21
58
48
96
79
52
22
30
−19
33
25
ROCE %
−5%
2%
8%
7%
4%
5%
3%
3%
6%
6%
9%
8%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view AvenuesAI insights

65 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 37.49%
  • Others 29.14%
  • Promoters 27.34%
  • FIIs 5.86%
  • DIIs 0.17%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about AvenuesAI

What does AvenuesAI Ltd do?
Incorporated in 2017, Infibeam Avenues Ltd is in the business of software development services, maintenance, web development, payment gateway services, e-commerce and other ancillary services
Where is AvenuesAI Ltd (CCAVENUE) listed?
AvenuesAI Ltd trades as CCAVENUE on the NSE and under code 539807 on the BSE.
Which sector does AvenuesAI Ltd belong to?
AvenuesAI Ltd is classified under the Financial Services sector, in the Financial Technology (Fintech) industry.
What is the PE ratio of AvenuesAI Ltd?
AvenuesAI Ltd trades at a PE ratio of 14.34 as of 4 Nov 2026, on earnings per share of ₹8.91, against a book value of ₹137.28 per share.
What is the 52-week high and low of AvenuesAI Ltd?
Over the last 52 weeks AvenuesAI Ltd has traded between ₹14.87 and ₹194.3 as of 4 Nov 2026.
Does AvenuesAI Ltd pay dividends?
AvenuesAI Ltd has a dividend yield of 0.04%.
What is the Return on Equity (ROE) of AvenuesAI Ltd?
AvenuesAI Ltd reported a return on equity of 6.64%. Its debt-to-equity ratio is 0.09.

Company Information

Incorporated in 2017, Infibeam Avenues Ltd is in the business of software development services, maintenance, web development, payment gateway services, e-commerce and other ancillary services

Website ia.ooo
CEO Mr. Vishwas Ambalal Patel
Employees 764
Listed 4 Apr 2016
Face Value ₹10

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