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]
Market LeadershipThe company is amarket leader in India’s digital payments sector, with an 8% market share. It ranks among India’s top 3 B2B payment gateways and is also a key player in the UAE, where it became the second-largest non-bank private payment company within 18 months.[1]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | One 97 | 1320.15 | 778.20 | 84450.54 | 0.00 | 21.00 | 149.74 | 2061.00 | 24.23 | -10.14 | 7718.30 | -1.29 | 108.52 | 202.00 | 5.50 | -7.31 | 0.01 |
| 2. | PB Fintech. | 1716.00 | 172.04 | 79415.48 | 0.00 | 134.89 | 166.15 | 1613.55 | 38.24 | 5.90 | 5761.03 | 4.73 | 461.62 | 134.86 | 11.65 | 4.42 | 0.05 |
| 3. | Pine Labs | 235.80 | – | 27067.36 | 0.00 | 5.97 | 118.65 | 649.90 | 17.83 | -0.49 | 2274.27 | 9.60 | -114.13 | 5.97 | – | -1.12 | 0.23 |
| 4. | Infibeam Avenues | 16.73 | 44.74 | 5820.62 | 0.00 | 58.71 | 66.95 | 1841.73 | 103.98 | 7.32 | 5097.51 | 3.60 | 130.09 | 30.97 | 1.23 | 3.66 | 0.01 |
| 5. | Seshaasai Tech. | 296.05 | 22.25 | 4786.91 | 0.00 | 57.88 | -10.91 | 351.35 | -10.98 | 36.54 | 1462.21 | 24.62 | 222.21 | 57.88 | 3.74 | 20.96 | 0.26 |
| 6. | One Mobikwik | 225.56 | – | 1773.36 | 0.00 | -26.98 | -420.62 | 268.30 | -7.34 | -13.13 | 1071.90 | -14.94 | -163.06 | -15.15 | 3.27 | -10.83 | 0.69 |
| 7. | MOS Utility | 23.35 | 38.56 | 601.12 | 0.00 | 9.26 | 54.33 | 315.81 | 2.46 | 19.20 | 624.06 | 4.22 | 15.59 | 8.38 | 6.38 | 9.41 | 0.53 |
| – | Median: 8 Co. | 230.68 | 41.65 | 5303.76 | 0.0 | 15.13 | 60.64 | 500.62 | 21.03 | 6.61 | 1868.24 | 4.47 | 62.05 | 19.68 | 4.62 | 4.04 | 0.24 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 366 | 860 | 1,001 | 697 | 682 | 1,156 | 608 | 665 | 1,098 | 435 | 739 | 903 | 1,842 |
Expenses | 321 | 794 | 938 | 647 | 637 | 1,141 | 560 | 604 | 1,032 | 394 | 676 | 875 | 1,804 |
Operating Profit | 45 | 66 | 64 | 50 | 46 | 15 | 48 | 61 | 67 | 41 | 64 | 28 | 38 |
Other Income | 8 | 6 | 14 | 2 | 17 | 39 | 18 | 9 | 12 | 36 | 2 | 22 | 39 |
Profit before tax | 38 | 58 | 63 | 37 | 49 | 48 | 50 | 56 | 63 | 63 | 52 | 43 | 68 |
Tax % | 26% | 20% | 28% | 26% | 26% | 9% | 26% | 29% | 32% | 26% | 29% | 15% | 14% |
Net Profit | 28 | 46 | 45 | 28 | 36 | 44 | 37 | 40 | 42 | 47 | 37 | 36 | 59 |
EPS in Rs | 0.08 | 0.13 | 0.13 | 0.08 | 0.10 | 0.13 | 0.11 | 0.11 | 0.12 | 0.14 | 0.11 | 0.10 | 0.21 |
Standalone Figures in ₹ Crores / Yearly
| 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 | 11 | 29 | 43 | 53 | 306 | 545 | 582 | 577 | 1,167 | 1,787 | 2,961 | 3,727 | 5,098 |
Expenses | 11 | 35 | 34 | 33 | 245 | 455 | 455 | 453 | 1,030 | 1,612 | 2,720 | 3,479 | 4,914 |
Operating Profit | -0 | -6 | 9 | 20 | 60 | 90 | 127 | 124 | 137 | 176 | 242 | 248 | 184 |
Other Income | 0 | 0 | 18 | 36 | 27 | 23 | 9 | 9 | 8 | 64 | 19 | 35 | 104 |
Interest | 0 | 0 | 0 | 3 | 4 | 5 | 4 | 4 | 2 | 2 | 3 | 7 | 6 |
Depreciation | 1 | 3 | 4 | 6 | 43 | 46 | 71 | 69 | 59 | 56 | 53 | 54 | 39 |
Profit before tax | -1 | -8 | 22 | 46 | 40 | 62 | 60 | 60 | 85 | 182 | 205 | 223 | 242 |
Net Profit | -1 | -8 | 42 | 0 | 13 | 39 | 39 | 49 | 70 | 136 | 152 | 160 | 190 |
EPS in Rs | -0.01 | -0.04 | 0.16 | 0.00 | 0.05 | 0.12 | 0.12 | 0.15 | 0.21 | 0.40 | 0.44 | 0.46 | 0.59 |
Dividend Payout % | 0% | 0% | 0% | 0% | 81% | 0% | 17% | 13% | 19% | 10% | 9% | 0% | – |
Standalone figures in ₹ crores
| 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 | 101 | 229 | 676 | 751 | 2,519 | 2,533 | 2,530 | 2,524 | 2,485 | 2,692 | 2,892 | 3,064 | 3,476 |
Borrowings | 4 | 2 | 2 | 85 | 57 | 35 | 26 | 20 | 7 | 8 | 12 | 18 | 19 |
Other Liabilities | 1 | 12 | 35 | 76 | 217 | 359 | 258 | 596 | 807 | 850 | 1,452 | 1,143 | 1,510 |
Total Liabilities | 146 | 286 | 766 | 966 | 2,847 | 2,994 | 2,881 | 3,273 | 3,567 | 3,817 | 4,634 | 4,504 | 5,319 |
Fixed Assets | 7 | 11 | 17 | 22 | 2,019 | 2,051 | 2,106 | 2,078 | 2,036 | 2,075 | 1,915 | 1,877 | 1,799 |
Gross Block | 9 | 16 | 21 | 33 | 2,073 | 2,151 | 2,256 | 2,296 | 2,313 | 2,407 | 2,242 | 2,229 | – |
Accumulated Depreciation | 2 | 5 | 4 | 11 | 54 | 100 | 149 | 218 | 277 | 333 | 327 | 352 | – |
CWIP | 4 | 3 | 5 | 106 | 33 | 32 | 0 | 14 | 66 | 5 | 0 | 2 | 2 |
Investments | 15 | 15 | 90 | 75 | 75 | 221 | 301 | 391 | 447 | 628 | 838 | 869 | 1,269 |
Other Assets | 120 | 256 | 655 | 762 | 720 | 689 | 474 | 790 | 1,019 | 1,110 | 1,881 | 1,756 | 2,250 |
Total Assets | 146 | 286 | 766 | 966 | 2,847 | 2,994 | 2,881 | 3,273 | 3,567 | 3,817 | 4,634 | 4,504 | 5,319 |
Standalone Figures in ₹ Crores / Yearly
| 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 | 13 | 15 | 21 | -5 | 3 | 180 | 24 | 158 | 102 | 178 | 605 | 23 |
Cash from Investing Activity | -65 | -138 | -7 | -493 | 65 | -99 | -53 | -112 | -68 | -156 | -274 | -349 |
Cash from Financing Activity | 52 | 125 | 441 | 115 | -56 | -46 | -21 | -9 | -36 | 37 | 106 | -18 |
Net Cash Flow | 1 | 2 | 455 | -383 | 12 | 35 | -49 | 37 | -2 | 59 | 438 | -343 |
Standalone Figures in ₹ Crores / Yearly
| 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 | 39 | 78 | 58 | 79 | 45 | 8 | 12 | 25 | 14 | 11 | 15 | 9 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 39 | 78 | 58 | 79 | 45 | 8 | 12 | 25 | 14 | 11 | 15 | 9 |
Working Capital Days | 185 | 65 | -28 | 1,683 | 267 | 73 | 55 | 52 | 22 | 18 | -8 | 53 |
ROCE % | -1% | -4% | 4% | 6% | 2% | 2% | 2% | 2% | 3% | 6% | 7% | 7% |
Direct from BSE filings, auto-summarised
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Stock Analysis
Infibeam Avenues Limited is a fintech company engaged in software development services, payment gateway services, and e-commerce solutions.
The company's strategic pivot towards an 'AI-first' approach, underscored by its proposed name change to 'AvenuesAI Limited' and the formal approval of AI and machine learning business objectives, is a significant growth trigger. Leadership appointments and a clear strategic direction are expected to drive future growth.
Currently no data available for Order Book.
Currently no data available for Key Red Flags.
Shareholder and regulatory approvals are pending for the proposed name change and other corporate actions.
Corporate Announcements
