TickerSutra

NSE: CCAVENUE · BSE: 539807 · ISIN INE483S01020

AvenuesAI Limited stock analysis

AvenuesAI Limited ranks #1537 in the TickerSutra evidence-ranked universe with a score of 52/100 and 95% data confidence. The latest captured fundamentals show ROCE of 7.7%, quarterly sales growth of 109.4% and quarterly profit growth of 24.3%.
Complete evidence gate watch governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE52/100

Monitor only

#1537 of 5,430 ranked equities
Market capitalisation₹5,364.91cr
ROCE7.7%
Quarterly sales growth109.4%
Quarterly profit growth24.3%
P/E ratio18.1×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.09×
  • Strong CFO/EBITDA of 1.53×
  • 60.5% three-year sales CAGR
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • Operating margin has compressed materially

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹1,294cr₹145cr₹84cr11.0%
2023₹1,962cr₹175cr₹136cr9.0%
2024₹3,150cr₹252cr₹156cr8.0%
2025₹3,993cr₹316cr₹236cr8.0%
2026₹8,116cr₹351cr₹295cr4.3%
TTM₹9,516cr₹376cr₹321cr4.0%
Debt / equity0.09×
CFO / EBITDA1.53×
Operating margin4.0%
Free cash flow₹196cr
Sales CAGR · 3Y60.5%
Profit CAGR · 3Y29.4%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts2 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Regulatory updatesHigh severity · 65 mentions
Constructive

Our transaction processing volume for the quarter grew 74% year -on-year to INR 1,479 billion with continued strength across utility payments, government payments, retail, B2B and hospitality. Strong execution in our core payments business, completion of a broad and defensible regulatory stack, measured progress in AI-driven commerce and consumer platforms, continued discipline around scale, profitability and risk ma

Regulatory approvalHigh severity · 23 mentions
Positive catalyst

In the first quarter FY27, we actually made meaningful progress across each of these pillars. We received in-principle approval from Central Bank of UAE for Retail Payment Services, which is a Cat III license for Avenues. UAE is already one of our strongest international markets.

Operating leverageHigh severity · 10 mentions
Positive catalyst

Net revenue (management measure) increased 15 per cent to INR 6,031 million, adjusted EBITDA (management measure) increased 24 per cent to INR 3,873 million, and adjusted profit after tax (management measure) increased 58 per cent to INR 3,320 million. This progression reflects operating leverage and earnings conversion. Revenue from operations and the adjusted earnings measures finished above the upper end of the re

Export market updatesModerate severity · 16 mentions
Constructive

We received in-principle approval from Central Bank of UAE for Retail Payment Services, which is a Cat III license for Avenues. UAE is already one of our strongest international markets. The license will allow us to broaden our customer reach and product suite and strengthen our long- term international payment strategy.

Pricing pressureLow severity · 1 mention
Negative warning

Forward-looking statements are based on assumptions and expectations that the Company believes to be reasonable as at the date of this report, but they involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. These include, among others, changes in economic conditions in India and the markets in wh

Institutional interestLow severity · 4 mentions
Watch

The financial results are also available on the websites of stock exchanges where the shares of the Company are listed i.e. (vi) Details of preferential allotment or qualified institutional placement as specified under Regulation 32 (7A) of the Listing Regulations: Not Applicable (vii) Certificate from Practicing Company Secretary: Mr. Doshi, Partner of SPANJ & Associates, Company Secretaries, has issued a certificat

Niche productsLow severity · 1 mention
Watch

How We Create Value • Turn data into actions such as approve/reject, route/retry, nudge/notify and predict/prevent. • Create reusable intelligence across merchant workflows and differentiated products while keeping commercial outcomes evidence-led. Relationship Capital AvenuesAI’s relationship capital spans merchants, banks, enterprises, technology partners and international ecosystems.

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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