AvenuesAI Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹4,317 Cr
- P/E
- 14.54
- ROE
- 6.64%
- PEG
- 0.48
- Price to sales
- 0.47
- Debt to equity
- 0.09
- 52W high / low
- ₹205 / ₹127
- Sales growth (5Y)
- 64.39%
- EBITDA margin
- 3.95%
- Net profit margin
- 3.67%
- Promoter holding
- 27.34%
- Sales (last year)
- ₹9,516 Cr
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[1]
Guidance scorecard · Q1 FY27 call
What AvenuesAI Ltd's management guided
and where it ranks in Financial Technology (Fintech)
Financial Technology (Fintech)
RevenueQ1 FY27 call
40%+- FY27 consolidated revenue expected between INR 11,000 crores to INR 13,000 crores, representing ~35% growth.
- Strong focus on building volumes and absolute profitability, with profit after tax up 45% YoY.
- Emphasis on international expansion, especially in UAE, Saudi Arabia, and plans to build out US market in 2026–27.
- Investment in AI infrastructure and new financial services capabilities to drive long-term growth.
- Growth expected from multiple focus areas: Payments (CCAvenue), Consumer (Rediff platforms), Intelligence (Phronetic AI), and Credit (distribution layer via strategic investments).
- Shift towards building integrated platforms combining payments, consumer engagement, intelligence, and credit.
- Incremental revenue streams from credit-based distribution and AI products expected to complement payments growth.
2 more points from AvenuesAI Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what AvenuesAI Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- AvenuesAI is selectively investing in AI infrastructure, focusing on smaller data center capacities rather than large-scale data centers due to high capex and long returns.
- There are ongoing investments in building out AI capabilities such as transaction intelligence scores, alternative risk scoring, and applied AI models leveraging transaction data.
- The company is front-loading costs in AI infrastructure, international expansion, and new financial services capabilities to build a structurally stronger and scalable margin profile through FY27 and FY28.
- Incremental cash generated from the core business will be selectively reinvested in AI and high-conviction growth opportunities rather than maximizing short-term profitability.
2 more points from AvenuesAI Ltd's call on capex
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FundraisingQ1 FY27 call
See what AvenuesAI Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what AvenuesAI Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Financial Technology (Fintech)
on management's own guidance
- 2
- Strong growth1
- One 97Good growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Financial Technology (Fintech) companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹3,847 Cr | 86.1 | |
| 2 | AvenuesAI LtdThis stock | 40%+ | Flat | ₹4,826 Cr | 16.3 |
| 3 | One 97 | 20–40% | Up 2%+ | ₹1.09L Cr | 134.0 |
| 4 | 20–40% | Flat | ₹19,058 Cr | 147.3 | |
| 5 | 20–40% | Flat | ₹7,659 Cr | 26.5 | |
| 6 | 20–40% | Flat | ₹1,808 Cr | 614.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Financial Technology (Fintech) rankingFinancials of AvenuesAI Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of AvenuesAI Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 415 | 653 | 742 | 787 | 907 | 716 | 745 | 1,017 | 1,070 | 1,161 | 1,280 | 1,965 | 2,381 |
| Expenses + | 367 | 606 | 694 | 717 | 842 | 650 | 676 | 939 | 992 | 1,085 | 1,209 | 1,875 | 2,286 |
| Operating Profit | 48 | 47 | 49 | 70 | 65 | 67 | 69 | 78 | 78 | 75 | 71 | 90 | 96 |
| OPM % | 11% | 7% | 7% | 9% | 7% | 9% | 9% | 8% | 7% | 6% | 6% | 5% | 4% |
| Other Income + | 13 | 21 | 3 | 2 | 6 | 14 | 32 | 4 | 27 | 24 | 28 | 21 | 15 |
| Interest | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 2 | 2 | 3 | 2 | 3 | 3 |
| Depreciation | 16 | 16 | 16 | 17 | 17 | 17 | 16 | 17 | 19 | 18 | 18 | 19 | 18 |
| Profit before tax | 45 | 51 | 35 | 55 | 54 | 62 | 83 | 62 | 84 | 78 | 79 | 89 | 89 |
| Tax % | 21% | 25% | 28% | 27% | 21% | 26% | 17% | 24% | 24% | 30% | 26% | 24% | 10% |
| Net Profit + | 35 | 38 | 25 | 41 | 43 | 46 | 69 | 47 | 64 | 55 | 58 | 68 | 80 |
| EPS in Rs | 0.11 | 0.12 | 0.08 | 0.12 | 0.13 | 0.13 | 0.20 | 0.13 | 0.18 | 0.14 | 0.18 | 0.24 | 0.21 |
Financials of AvenuesAI Ltd
Profit & Loss
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 207 | 288 | 337 | 441 | 839 | 1,159 | 633 | 676 | 1,294 | 1,962 | 3,150 | 3,993 | 6,787 |
| Expenses + | 228 | 291 | 315 | 375 | 683 | 983 | 484 | 534 | 1,149 | 1,787 | 2,898 | 3,676 | 6,455 |
| Operating Profit | -20 | -2 | 22 | 67 | 156 | 176 | 149 | 142 | 145 | 175 | 252 | 316 | 331 |
| OPM % | -10% | -1% | 7% | 15% | 19% | 15% | 23% | 21% | 11% | 9% | 8% | 8% | 5% |
| Other Income + | 2 | 7 | 5 | 16 | 31 | 66 | 73 | 19 | 18 | 71 | 25 | 71 | 88 |
| Interest | 1 | 1 | 1 | 4 | 6 | 6 | 4 | 4 | 2 | 2 | 3 | 9 | 12 |
| Depreciation | 7 | 13 | 18 | 22 | 66 | 82 | 87 | 75 | 63 | 62 | 67 | 70 | 73 |
| Profit before tax | -27 | -10 | 9 | 56 | 115 | 153 | 130 | 82 | 98 | 182 | 208 | 308 | 335 |
| Tax % | 0% | -0% | -1% | 23% | 23% | 18% | 17% | 14% | 15% | 25% | 25% | 23% | |
| Net Profit + | -26 | -11 | 9 | 44 | 88 | 126 | 108 | 70 | 84 | 136 | 156 | 236 | 261 |
| EPS in Rs | -0.13 | -0.05 | 0.04 | 0.16 | 0.32 | 0.38 | 0.32 | 0.22 | 0.26 | 0.42 | 0.45 | 0.65 | 0.77 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 3% | 0% | 6% | 9% | 15% | 10% | 9% | 0% |
Financials of AvenuesAI Ltd
Balance Sheet
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 40 | 43 | 53 | 54 | 54 | 66 | 66 | 133 | 268 | 268 | 278 | 279 | 315 |
| Reserves | 43 | 170 | 610 | 729 | 2,572 | 2,671 | 2,737 | 2,755 | 2,690 | 2,898 | 3,110 | 3,457 | 3,855 |
| Borrowings + | 9 | 5 | 6 | 136 | 67 | 40 | 26 | 20 | 7 | 8 | 83 | 172 | 79 |
| Other Liabilities + | 44 | 50 | 81 | 124 | 275 | 396 | 300 | 642 | 889 | 930 | 1,670 | 1,461 | 1,965 |
| Total Liabilities | 135 | 268 | 750 | 1,043 | 2,968 | 3,174 | 3,130 | 3,550 | 3,854 | 4,104 | 5,142 | 5,369 | 6,214 |
| Fixed Assets + | 45 | 51 | 67 | 90 | 2,115 | 2,102 | 2,126 | 2,101 | 2,080 | 2,143 | 2,125 | 2,275 | 2,695 |
| CWIP | 8 | 26 | 19 | 121 | 60 | 32 | 0 | 16 | 146 | 74 | 311 | 448 | 140 |
| Investments | 0 | 0 | 0 | 60 | 27 | 102 | 392 | 457 | 394 | 461 | 543 | 485 | 505 |
| Other Assets + | 82 | 191 | 664 | 772 | 768 | 938 | 612 | 976 | 1,234 | 1,425 | 2,163 | 2,161 | 2,873 |
| Total Assets | 135 | 268 | 750 | 1,043 | 2,968 | 3,174 | 3,130 | 3,550 | 3,854 | 4,104 | 5,142 | 5,369 | 6,214 |
Financials of AvenuesAI Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -11 | -21 | 24 | 59 | 97 | 308 | 22 | 155 | 122 | 113 | 720 | 72 |
| Cash from Investing Activity + | -17 | -91 | -3 | -558 | 20 | -280 | -42 | -55 | -55 | -88 | -460 | -672 |
| Cash from Financing Activity + | 30 | 123 | 440 | 162 | -97 | -54 | -26 | -9 | -36 | 37 | 178 | 208 |
| Net Cash Flow | 2 | 11 | 461 | -338 | 20 | -27 | -45 | 91 | 31 | 61 | 437 | -391 |
| Free Cash Flow | -26 | -71 | 12 | -171 | -90 | 159 | -19 | 72 | 80 | 52 | 428 | -304 |
| CFO/OP | 46% | 701% | 127% | 97% | 72% | 188% | 27% | 118% | 117% | 55% | 269% | 23% |
Financials of AvenuesAI Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 30 | 42 | 52 | 46 | 48 | 8 | 31 | 39 | 23 | 12 | 13 | 8 |
| Inventory Days | 19 | 20 | 37 | 13 | 15 | 0 | ||||||
| Days Payable | 54 | 50 | 43 | 23 | 32 | |||||||
| Cash Conversion Cycle | -5 | 12 | 46 | 36 | 31 | 8 | 31 | 39 | 23 | 12 | 13 | 8 |
| Working Capital Days | -16 | 11 | 21 | 58 | 48 | 96 | 79 | 52 | 22 | 30 | -19 | 33 |
| ROCE % | -33% | -5% | 2% | 8% | 7% | 4% | 4% | 3% | 3% | 6% | 6% | 9% |
Guidance history
How AvenuesAI Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 40%+ | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
15 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −29.3% | 23% |
| Last 6 months | −6.3% | 45% |
| Last 3 months | −24.1% | 11% |
The price is 31.3% below its all-time high of ₹201.2 (19 Nov 2025). Stocks more than 20% below their peak have their score halved, so 29 became 15.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For AvenuesAI Ltd: 0.4 × 23 + 0.4 × 45 + 0.2 × 11 = 29, halved to 15 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 12 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What AvenuesAI Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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