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AVENUESAI LTD (CCAVENUE) Fair Value & Analysis

Technology · IN · Market cap ₹60.5B

AL AVENUESAI LTD CCAVENUE · NSE
Price₹15.43
Fair Value₹15.58
Upside+1.0%
Quality49/100
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Healthy Growth
Thin margins · 3.4% net margin
Low debt · generates free cash flow
Ranks above peers (10/13)
Narrow moat 27/100
Evidence: High Range ₹11.01 – ₹19.49 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 3 days ago

Share price −13.2% over the past month.

Below-average quality, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ₹11.01 (bear) to ₹19.49 (bull), base ₹15.58. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 49/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹40.09 ₹13.10 Fair Value ₹15.58 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹13.10 – ₹40.09 · fair‑value band ₹11.01 – ₹19.49 · the ₹15.43 price screens below the ₹15.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

AVENUESAI LTD (CCAVENUE) currently trades at ₹15.43, while our model-based Fair Value estimate is ₹15.58, implying the stock looks roughly 1.0% fairly valued today. The Quality Score stands at 49/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, AVENUESAI LTD generated revenue of ₹81.2B at a net margin of 3.4%. Revenue grew 114.5% year over year. It earns a return on equity of 6.7%. Net debt stands at ₹277M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹11.01 (bear case) to ₹19.49 (bull case); at ₹15.43, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -59% fair-value upside, at 1%, CCAVENUE screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹10.79 ₹19.57 ₹33.97 80
Residual Income ₹10.74 ₹11.05 ₹11.13 76
Rev-Margin DCF ₹11.27 ₹19.01 ₹35.20 74
All 24 models by family
DCF Models
FCF DCF ₹11.35 ₹16.79 ₹34.11 38
Owner Earnings ₹2.54 ₹3.40 ₹5.21 31
5Y Revenue Exit ₹10.36 ₹16.86 ₹30.48 39
5Y EBITDA Exit ₹14.89 ₹26.01 ₹47.86 41
5Y P/E Exit ₹17.20 ₹38.16 ₹67.07 38
10Y Revenue Exit ₹10.48 ₹21.43 ₹28.60 36
10Y EBITDA Exit ₹14.11 ₹31.17 ₹61.57 37
10Y P/E Exit ₹15.80 ₹36.16 ₹70.43 35
Earnings-Based
Graham-Dodd ₹5.46 ₹38.10 ₹53.47 54
Lynch FV ₹19.69 ₹28.12 ₹36.56 50
PEG = 1.0 ₹19.69 ₹28.12 ₹36.56 46
EPV ₹7.90 ₹8.90 ₹9.78 59
Multiples
P/E Multiple ₹16.87 ₹22.50 ₹28.12 63
P/S Multiple ₹10.24 ₹13.66 ₹17.07 58
P/B Multiple ₹10.24 ₹13.66 ₹17.07 55
EV/EBIT ₹16.30 ₹21.11 ₹25.92 53
EV/EBITDA ₹15.67 ₹20.27 ₹24.87 54
EV/Revenue ₹9.16 ₹12.29 ₹15.41 43
Asset-Based
NCAV (Graham) ₹6.83 ₹9.16 ₹13.67 50
Growth DCF
Growth DCF ₹10.79 ₹19.57 ₹33.97 80
Rev-Margin DCF ₹11.27 ₹19.01 ₹35.20 74
Economic Profit
Residual Income ₹10.74 ₹11.05 ₹11.13 76
ROIC Compounder ₹7.90 ₹8.90 ₹9.78 72
Growth Earnings
Growth-Adj P/E ₹28.43 ₹40.61 ₹52.79 68

Widest divergence: Growth Earnings (₹40.61) versus Economic Profit (₹8.90). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹81.2B
Revenue growth (YoY) +115%
Net margin 3.4%
Return on equity 6.7%
Free cash flow ₹2.0B FY2026
P/E ratio 16.6
More key figures
Operating margin 2.8%
EPS (TTM) ₹0.9300
EPS growth (YoY) +47.3%
Net debt ₹277M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 54 · Market factors (momentum, volatility) 50

Profitability 55
Margins and returns on capital today
Quality Growth 79
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 14
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

AvenuesAI Limited engages in the provision of digital payment solutions and enterprise software platforms for merchants, enterprises, governments and banks. The company operates through Payment Business and E-Commerce Platform Business segments.

Full company description

AvenuesAI Limited engages in the provision of digital payment solutions and enterprise software platforms for merchants, enterprises, governments and banks. The company operates through Payment Business and E-Commerce Platform Business segments. It also offers CCAvenue, a payment gateway that enables merchants to easily and securely accept a wide range of digital payment methods, as well as payment gateway related solutions, including B2Biz payments, CCAvenue SNIP, CCAvenue TokenPay, CCAvenue F.R.I.S.K, CCAvenue TokenPay, and invoice payment and subscription solutions. In addition, the company provides BillAvenue, a unified and interoperable platform that enables seamless utility and recurring payments; ResAvenue, an online hospitality management solution that helps hoteliers to distribute room inventory; Go Payments, an online platform that offers domestic money transfer, AEPS, mobile recharge, travel bookings, and other financial services for consumers; and TrustAvenue, a lending platform that provide working capital loans, invoice/bill discounting, and early settlement to digital payment merchants and banks. Further, the company provides BuildaBazaar for Enterprise, a cloud based end-to-end software as a service eCommerce marketplace technology platform that allows corporates to transact online, manage the back end, make digital payments, undertake online marketing, and other value-added digital services. It operates in India, the United Arab Emirates, and internationally. The company was formerly known as Infibeam Avenues Limited and changed its name to AvenuesAI Limited in January 2026. AvenuesAI Limited was founded in 2001 and is headquartered in Gandhinagar, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

AVENUESAI LTD reported revenue of ₹81.2B in FY2026 versus ₹12.9B in FY2022, a compound +58.3%/yr. Reported net income was ₹2.8B in FY2026, compounding +34.0%/yr from FY2022.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹81.2B
Latest YoY
+103.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+60.5%
Revenue +58.3%/yr
FY22 ₹12.9B
FY23 ₹19.6B
FY24 ₹31.5B
FY25 ₹39.9B
FY26 ₹81.2B
Net income +34.0%/yr
FY22 ₹865M
FY23 ₹1.4B
FY24 ₹1.6B
FY25 ₹2.3B
FY26 ₹2.8B

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Cite: Fair Value Calculator (2026). "AVENUESAI LTD Fair Value". https://www.fairvalue-calculator.com/stock/CCAVENUE

Peer Group

Software - Infrastructure · 369 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 49 · Below median
Fair Value upside +1% · Above median
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth 115% · Top 25%
Debt / equity 0.06× · Higher than median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/E (TTM) 16.6× · Cheaper than median
P/B 1.27× · Cheaper than median
P/S (TTM) 0.75× · Cheaper than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 15.2× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 35 · sector 0
FUTURE 100 · sector 48
PAST 27 · sector 14
HEALTH 97 · sector 99
DIVIDEND 0 · sector 29

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $506.06 $365.74 -28%
Oracle Corporation ORAC C$7.22 C$2.34 -68%
Fortinet, Inc FTNT $160.84 $61.46 -62%
Synopsys, Inc 1SNPS €358.00 €93.61 -74%
Block, Inc XYZ A$111.01 A$70.69 -36%
Range Intelligent Computing Technology Group 300442 ¥67.70 ¥30.89 -54%
Oracle Financial Services Software Limited OFSS ₹11,679 ₹6,897 -41%
360 Security Technology Inc 601360 ¥9.58 ¥1.05 -89%
One97 Communications Limited PAYTM ₹1,610 ₹241.68 -85%
PT GoTo Gojek Tokopedia Tbk GOTO 50.00 IDR 20.41 IDR -59%

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Frequently asked questions

Is AVENUESAI LTD (CCAVENUE) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹15.58 versus a price of ₹15.43, about +1% (fairly valued).
What is the fair value of CCAVENUE?
Our model-based fair value for AVENUESAI LTD is ₹15.58 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹15.43.
What is the quality score of CCAVENUE?
AVENUESAI LTD has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of AVENUESAI LTD (CCAVENUE)?
AVENUESAI LTD reported trailing-twelve-month revenue of about ₹81.2B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of CCAVENUE?
The net profit margin of AVENUESAI LTD is about 3.4%, meaning it keeps roughly 3.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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