CCAVENUE

AvenuesAI Limited

AI-first financial infrastructure and transaction-intelligence platform

Financial Services›Financial Services›Financial Technology (Fintech)›Financial Technology (Fintech)

avenuesai.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-12

Stock price
₹13.83
Market cap
4,830 Cr
Stock P/E
16.4
P/B
1.02
Dividend yield
0.0%
ROE (FY26)
5.6%
ROCE (FY26)
6.7%
Operating margin (FY26)
3.4%
Debt / equity (FY26)
0.08

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

AvenuesAI (formerly Infibeam Avenues) runs the CCAvenue payment gateway and related payment platforms that let merchants and billers in India and the Middle East accept online and in-person payments, and is adding AI products and asset-light credit distribution on top.

Company snapshot

7thBy market cap

Ranked among 12 companies in Financial Technology (Fintech).

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 94.9% of revenue

SegmentRevenue shareRevenuePBTAssets
E-Commerce Platform Business
5.1%
144 Cr72 Cr—
Payment Business
94.9%
2,688 Cr111 Cr—

What we see

Positives
  • ✓Cash flow from operations is higher than reported profit — earnings quality looks solid.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales790 Cr912 Cr727 Cr753 Cr1,017 Cr1,070 Cr1,161 Cr1,280 Cr1,965 Cr2,381 Cr2,490 Cr2,680 Cr
Operating expenses (approx.)720 Cr844 Cr661 Cr685 Cr938 Cr992 Cr1,083 Cr1,209 Cr1,869 Cr2,286 Cr2,397 Cr2,580 Cr
EBITDA70 Cr68 Cr66 Cr68 Cr78 Cr78 Cr78 Cr71 Cr96 Cr96 Cr92 Cr100 Cr
OPM %8.9%7.4%9.1%9.1%7.7%7.3%6.7%5.5%4.9%4.0%3.7%3.7%
Other income3 Cr6 Cr16 Cr28 Cr4 Cr23 Cr20 Cr26 Cr21 Cr16 Cr25 Cr28 Cr
Interest0.53 Cr0.43 Cr0.78 Cr1 Cr2 Cr2 Cr3 Cr2 Cr3 Cr3 Cr10 Cr10 Cr
Depreciation17 Cr17 Cr18 Cr17 Cr17 Cr19 Cr18 Cr18 Cr19 Cr19 Cr22 Cr34 Cr
Profit before tax55 Cr55 Cr62 Cr83 Cr62 Cr84 Cr78 Cr79 Cr89 Cr89 Cr85 Cr87 Cr
Tax %26.6%26.1%20.7%16.5%24.0%23.6%30.1%25.9%23.8%10.1%-5.0%2.2%
Net profit40 Cr41 Cr49 Cr70 Cr47 Cr64 Cr55 Cr58 Cr68 Cr80 Cr89 Cr85 Cr
EPS (₹)₹0.15₹0.15₹0.18₹0.25₹0.17₹0.23₹0.20₹0.21₹0.23₹0.26₹0.28₹0.24

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales441 Cr839 Cr1,159 Cr648 Cr676 Cr1,294 Cr1,962 Cr3,171 Cr3,993 Cr8,116 CrSign in free for the trailing twelve months
Operating expenses (approx.)375 Cr683 Cr983 Cr495 Cr534 Cr1,149 Cr1,783 Cr2,918 Cr3,689 Cr7,761 CrSign in free for the trailing twelve months
EBITDA67 Cr157 Cr176 Cr153 Cr142 Cr145 Cr180 Cr253 Cr303 Cr355 CrSign in free for the trailing twelve months
OPM %15.1%18.7%15.2%23.7%21.0%11.2%9.2%8.0%7.6%4.4%Sign in free for the trailing twelve months
Other income16 Cr31 Cr11 Cr12 Cr10 Cr10 Cr71 Cr28 Cr73 Cr89 CrSign in free for the trailing twelve months
Interest4 Cr6 Cr6 Cr4 Cr4 Cr2 Cr2 Cr2 Cr8 Cr19 CrSign in free for the trailing twelve months
Depreciation22 Cr66 Cr82 Cr91 Cr75 Cr63 Cr62 Cr69 Cr70 Cr77 CrSign in free for the trailing twelve months
Profit before tax56 Cr115 Cr153 Cr129 Cr82 Cr98 Cr182 Cr208 Cr308 Cr341 CrSign in free for the trailing twelve months
Tax %22.7%23.5%17.7%16.4%14.1%15.0%25.2%24.9%23.4%13.6%Sign in free for the trailing twelve months
Net profit44 Cr88 Cr126 Cr108 Cr70 Cr84 Cr136 Cr156 Cr236 Cr295 CrSign in free for the trailing twelve months
EPS (₹)₹0.83₹1.33₹1.91₹1.63₹0.53₹0.32₹0.51₹0.57₹0.85₹0.94Sign in free for the trailing twelve months
Dividend payout %————0.0%15.8%-0.0%8.6%5.9%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital54 Cr—66 Cr66 Cr133 Cr268 Cr268 Cr278 Cr279 Cr349 Cr
Reserves729 Cr—2,671 Cr2,778 Cr2,755 Cr2,690 Cr2,898 Cr3,179 Cr3,457 Cr4,397 Cr
Borrowings136 Cr—40 Cr26 Cr20 Cr0.21 Cr—72 Cr153 Cr399 Cr
Other liabilities125 Cr—397 Cr307 Cr642 Cr899 Cr938 Cr1,689 Cr1,373 Cr1,926 Cr
Total liabilities1,044 Cr—3,174 Cr3,178 Cr3,550 Cr3,854 Cr4,104 Cr5,216 Cr5,369 Cr7,302 Cr
Fixed assets (net)4 Cr—194 Cr242 Cr232 Cr210 Cr195 Cr190 Cr189 Cr351 Cr
CWIP99 Cr—22 Cr0 Cr16 Cr146 Cr0 Cr97 Cr120 Cr0.56 Cr
Investments60 Cr—100 Cr392 Cr457 Cr394 Cr461 Cr560 Cr485 Cr814 Cr
Loans & advances——0.56 Cr2 Cr2 Cr2 Cr13 Cr76 Cr173 Cr285 Cr
Inventories9 Cr—0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Trade receivables55 Cr—24 Cr57 Cr73 Cr81 Cr65 Cr128 Cr89 Cr114 Cr
Cash & bank139 Cr—132 Cr91 Cr177 Cr209 Cr270 Cr707 Cr331 Cr913 Cr
Other assets677 Cr—2,703 Cr2,393 Cr2,593 Cr2,812 Cr3,100 Cr3,457 Cr3,980 Cr4,825 Cr
Total assets1,044 Cr—3,174 Cr3,178 Cr3,550 Cr3,854 Cr4,104 Cr5,216 Cr5,369 Cr7,302 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity59 Cr97 Cr308 Cr22 Cr155 Cr122 Cr113 Cr720 Cr72 Cr537 Cr
Cash from investing-558 Cr-16 Cr-222 Cr-37 Cr-55 Cr-55 Cr-88 Cr-460 Cr-672 Cr-911 Cr
Cash from financing162 Cr-97 Cr-54 Cr-26 Cr-9 Cr-36 Cr37 Cr178 Cr208 Cr957 Cr
Net cash flow-338 Cr-15 Cr32 Cr-40 Cr91 Cr31 Cr61 Cr437 Cr-391 Cr582 Cr
Free cash flow (OCF − Capex)-171 Cr-90 Cr159 Cr-33 Cr73 Cr80 Cr50 Cr428 Cr-304 Cr196 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.6%1.7%5.8%4.7%2.9%3.4%5.8%6.0%7.9%6.7%
ROE %5.6%9.0%4.6%3.8%2.4%2.9%4.4%4.6%5.9%5.6%
Debtor days46458323923121585
Inventory days8—00000000
Days payable14461812113331
Cash conversion cycle4041215281291254
Debt / equity0.170.020.010.00930.00690.0001—0.020.040.08
Current ratio2.452.471.311.661.451.371.601.391.592.01
Net debt / EBITDA-0.040.00-0.52-0.42-1.11-1.44-1.50-2.52-0.59-1.45