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Infibeam Avenues Ltd (INFIBEAM) Fair Value & Analysis

Technology · IN · Market cap ₹58.8B

IA Infibeam Avenues Ltd INFIBEAM · BSE
Price₹14.89
Fair Value₹16.64
Upside+11.8%
Quality56/100
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Expensive Growth
Thin margins · 4.4% net margin
Low debt · negative free cash flow
Ranks above peers (11/13)
Narrow moat 28/100
Evidence: High Range ₹12.46 – ₹20.82 Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated 6 days ago

Fair value updated Aug 13, 2026, revised from ₹12.00 to ₹16.64 (+38.7%) since Aug 12, 2026.

A solid business, screening 12% undervalued on our models.

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What matters now

  • Our model range runs from ₹12.46 (bear) to ₹20.82 (bull), base ₹16.64. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 56/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹33.85 ₹11.04 Fair Value ₹16.64 Mar 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 ₹11.04 – ₹33.85 · fair‑value band ₹12.46 – ₹20.82 · the ₹14.89 price screens below the ₹16.64 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Infibeam Avenues Ltd (INFIBEAM) currently trades at ₹14.89, while our model-based Fair Value estimate is ₹16.64, implying the stock looks roughly 11.8% undervalued today. The Quality Score stands at 56/100 (solid 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, Infibeam Avenues Ltd generated revenue of ₹54.8B at a net margin of 4.4%. Revenue grew 93.3% year over year. It earns a return on equity of 6.1%. Net debt stands at ₹277M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹12.46 (bear case) to ₹20.82 (bull case); at ₹14.89, 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 27% below its 52-week high and 17% 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 12%, INFIBEAM 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
Residual Income ₹8.47 ₹8.69 ₹8.80 76
ROIC Compounder ₹6.41 ₹7.35 ₹8.18 72
Gordon GGM ₹0.3700 ₹0.7600 ₹1.21 70
All 16 models by family
Earnings-Based
Graham-Dodd ₹4.43 ₹30.88 ₹43.34 54
Lynch FV ₹15.95 ₹22.79 ₹29.63 50
PEG = 1.0 ₹15.95 ₹22.79 ₹29.63 46
EPV ₹6.41 ₹7.35 ₹8.18 59
Dividend Discount
Gordon GGM ₹0.3700 ₹0.7600 ₹1.21 70
DDM Multi-Stage ₹0.3700 ₹0.6400 ₹0.8000 61
Multiples
P/E Multiple ₹13.68 ₹18.23 ₹22.79 63
P/S Multiple ₹8.30 ₹11.07 ₹13.84 58
P/B Multiple ₹8.30 ₹11.07 ₹13.84 55
EV/EBIT ₹13.83 ₹18.18 ₹22.54 53
EV/EBITDA ₹13.31 ₹17.49 ₹21.67 54
EV/Revenue ₹7.37 ₹10.20 ₹13.03 43
Asset-Based
NCAV (Graham) ₹5.40 ₹7.23 ₹10.79 50
Economic Profit
Residual Income ₹8.47 ₹8.69 ₹8.80 76
ROIC Compounder ₹6.41 ₹7.35 ₹8.18 72
Growth Earnings
Growth-Adj P/E ₹23.04 ₹32.91 ₹42.79 68

Widest divergence: Growth Earnings (₹32.91) versus Dividend Discount (₹0.6400). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹54.8B
Revenue growth (YoY) +93.3%
Net margin 4.4%
Return on equity 6.1%
Free cash flow −₹3.0B FY2025
P/E ratio 19.5
More key figures
Operating margin 3.9%
EPS (TTM) ₹0.7600
EPS growth (YoY) +35.3%
Net debt ₹277M FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 56 · Market factors (momentum, volatility) 43

Profitability 51
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 85
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

Infibeam Avenues Limited, together with its subsidiaries, operates as a digital payment and e-commerce technology company that engages in the provision of digital payment solutions, data center infrastructure, and software platforms for businesses and governments to execute e-commerce transactions.

Full company description

Infibeam Avenues Limited, together with its subsidiaries, operates as a digital payment and e-commerce technology company that engages in the provision of digital payment solutions, data center infrastructure, and software platforms for businesses and governments to execute e-commerce transactions. The company operates through Payment Business and E-Commerce Platform Business segments. It also offers CCAvenue, a payment gateway to ecommerce merchants to collect payments online and offline from their customers, as well as payment gateway related solutions, including B2Biz payments, CCAvenue SNIP, CCAvenue TokenPay, and invoice payment and subscription solutions. In addition, the company provides BillAvenue, an online bill payment platform for recurring bill payments services to customers; ResAven, 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, insurance, and other financial services for consumers, as well as payment issuing and processing services for banks, governments, and corporates; and TrustAvenue, a lending platform that provide working capital loans, invoice/bill discounting, and early settlement to digital payment merchants. Further, it 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. Infibeam Avenues Limited operates in India, the United Arab Emirates, Saudi Arabia, Oman, Australia, and the United States. The company was formerly known as Infibeam Incorporation Limited and changed its name to Infibeam Avenues Limited in July 2018. Infibeam Avenues Limited was founded in 2001 and is headquartered in Gandhinagar, India.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Infibeam Avenues Ltd reported revenue of ₹39.9B in FY2025 versus ₹6.8B in FY2021, a compound +55.9%/yr. Reported net income was ₹2.3B in FY2025, compounding +32.9%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
₹39.9B
Latest YoY
+26.7%
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.
+45.6%
Avg. growth/yr (5Y) 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.
+43.9%
Avg. growth/yr (6Y) 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.
+23.0%
Revenue +55.9%/yr
FY21 ₹6.8B
FY22 ₹12.9B
FY23 ₹19.6B
FY24 ₹31.5B
FY25 ₹39.9B
Net income +32.9%/yr
FY21 ₹723M
FY22 ₹865M
FY23 ₹1.4B
FY24 ₹1.6B
FY25 ₹2.3B

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Cite: Fair Value Calculator (2026). "Infibeam Avenues Ltd Fair Value". https://www.fairvalue-calculator.com/stock/INFIBEAM

Peer Group

Software - Infrastructure · 372 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 56 · Above median
Fair Value upside +12% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 4% · Above median
Revenue growth 93% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/E (TTM) 19.5× · Cheaper than median
P/B 1.57× · Cheaper than median
P/S (TTM) 1.07× · Cheaper than median
EV/EBITDA 18.8× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE49 · sector 1
FUTURE100 · sector 48
PAST24 · sector 12
HEALTH99 · sector 99
DIVIDEND5 · sector 25

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).

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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 ₹1,546 ₹241.68 -84%
PT GoTo Gojek Tokopedia Tbk GOTO 50.00 IDR 20.41 IDR -59%

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Frequently asked questions

Is Infibeam Avenues Ltd (INFIBEAM) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹16.64 versus a price of ₹14.89, about +12% (undervalued).
What is the fair value of INFIBEAM?
Our model-based fair value for Infibeam Avenues Ltd is ₹16.64 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹14.89.
What is the quality score of INFIBEAM?
Infibeam Avenues Ltd has a Quality Score of 56/100. 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 Infibeam Avenues Ltd (INFIBEAM)?
Infibeam Avenues Ltd reported trailing-twelve-month revenue of about ₹54.8B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of INFIBEAM?
The net profit margin of Infibeam Avenues Ltd is about 4.4%, meaning it keeps roughly 4.4% 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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