Infibeam Avenues Ltd. (CCAVENUE) AI Stock Analysis

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Infibeam Avenues Ltd.

(NSE:CCAVENUE)

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Rating:66Neutral

Price Target:INR 15.50▼(-87.76% Downside)

Action:downgraded

Date:03/29/26

The score is primarily supported by solid financial performance (strong growth/profitability and low leverage), but is materially held back by weak technicals (downtrend with bearish momentum) and cash-flow risk from negative free cash flow in the latest year. Valuation is mid-range based on the P/E, offering neither a strong discount nor a clear premium case.

Positive Factors

Revenue GrowthA ~90% reported revenue growth rate indicates sustained merchant adoption and increasing payment volumes. Over 2–6 months this suggests durable top-line momentum from network effects and higher platform penetration, supporting scalable fee-based revenue as the core payment business expands.

Negative Factors

Negative Free Cash Flow in 2025A sharp deterioration to negative free cash flow in the latest year points to investment or working-capital pressure that can constrain internal funding for growth. Persistently negative FCF would force reliance on external capital or slow investments, affecting long-term capital allocation and resilience.

Infibeam Avenues Ltd. (CCAVENUE) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 52.94B
Dividend Yield: ―
Average Volume (3M): 88.15K
Price to Earnings (P/E): 22.3
Beta (1Y): 1.26
Revenue Growth: 90.47%
EPS Growth: 8.96%
Country: India
Employees: 624
Sector: General
Sector Strength: 55
Industry: Specialty Business Services

Infibeam Avenues Ltd. Business Overview & Revenue Model

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 a...

How the Company Makes Money

Infibeam Avenues primarily makes money by providing payment acceptance and processing services to merchants through its payment gateway business (CCAvenue). Revenue is typically generated from (a) merchant discount rates/transaction fees charged as a...

Infibeam Avenues Ltd. Financial Statement Overview

Summary

Strong income statement performance (revenue growth, improved profitability and solid EBIT/EBITDA margins) and a stable balance sheet with low leverage support the score. Offsetting factors include a notable rise in liabilities and a sharp deterioration to negative free cash flow in the latest year, which raises capital allocation and liquidity quality concerns.

Income Statement

85Very Positive

Balance Sheet

78Positive

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	45.28B	39.93B	31.50B	19.62B	12.94B	6.76B
Gross Profit	24.32B	3.07B	2.22B	18.55B	12.22B	6.15B
EBITDA	3.63B	3.03B	2.79B	2.51B	1.55B	1.52B
Net Income	2.17B	2.25B	1.58B	1.40B	865.20M	723.34M
Balance Sheet
Total Assets	0	53.69B	52.16B	41.04B	38.54B	35.50B
Cash, Cash Equivalents and Short-Term Investments	3.42B	3.42B	8.06B	3.70B	2.97B	2.66B
Total Debt	0	1.72B	833.93M	80.25M	74.24M	260.19M
Total Liabilities	-38.44B	15.25B	17.60B	9.38B	8.99B	6.62B
Stockholders Equity	38.44B	37.35B	34.57B	31.65B	29.58B	28.88B
Cash Flow
Free Cash Flow	0	-3.04B	4.28B	503.40M	799.35M	724.35M
Operating Cash Flow	0	720.60M	7.20B	1.13B	1.22B	1.55B
Investing Cash Flow	0	-6.72B	-4.48B	-884.80M	-549.79M	-640.39M
Financing Cash Flow	0	2.08B	1.78B	366.80M	-358.05M	-93.64M

Infibeam Avenues Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price126.60

Price Trends

50DMA143.91Negative

100DMA153.85Negative

200DMA152.62Negative

Market Momentum

MACD-4.84Negative

RSI42.07Neutral

STOCH54.05Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CCAVENUE, the sentiment is Negative. The current price of 126.60 is below the 20-day moving average (MA) of 127.26, below the 50-day MA of 143.91, and below the 200-day MA of 152.62, indicating a bearish trend. The MACD of -4.84 indicates Negative momentum. The RSI at 42.07 is Neutral, neither overbought nor oversold. The STOCH value of 54.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CCAVENUE.

Infibeam Avenues Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:CCAVENUE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:PROTEAN	67Neutral	INR 27.30B	38.90	―	1.39%	19.46%	-17.66%
IN:CCAVENUE	66Neutral	INR 42.36B	22.25	―	―	90.47%	8.96%
IN:PAYTM	64Neutral	INR 1.15T	134.27	―	―	23.79%	―
IN:VAKRANGEE	58Neutral	INR 6.19B	64.15	―	―	-12.83%	11.07%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:CCAVENUE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:CCAVENUE	Infibeam Avenues Ltd.	126.60	-65.50	-34.10%
IN:AGSTRA	AGS Transact Technologies Ltd.	2.11	-2.09	-49.76%
IN:PAYTM	One 97 Communications Ltd.	1783.45	475.80	36.39%
IN:VAKRANGEE	Vakrangee Limited	5.87	-2.84	-32.61%
IN:PROTEAN	Protean eGov Technologies Limited	719.15	-115.18	-13.80%
IN:CAPILLARY	Capillary Technologies India Ltd.	510.95	-95.95	-15.81%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Mar 28, 2026

Infibeam Avenues Ltd. AI Stock Analysis