Stock Snapshot
Price Performance
Recommendation Rationale
Favorable growth outlook supported by AI-led innovation and international expansion.
Basis of our Recommendation
CCAVENUE is transitioning to an AI-driven transaction infrastructure, with significant growth potential from international expansion and innovative AI platforms. The company aims for 12-15% of its net revenue from global operations by FY28, supported by a successful rights issue. However, it faces risks from declining net take rates and competitive pressures in the evolving payments landscape.
Why We Like This Stock
- Transition to an AI-native transaction infrastructure with innovative platforms like PayCentral.ai
- Targeting 12-15% of net revenue from international markets by FY28
- Successful INR 700 crore rights issue to fund strategic investments
Things To Watch Out For
- Significant year-over-year decline in Payments Net Take Rate indicating potential monetization challenges
- Margin pressure in the payment gateway business and intense competition
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 3,150 | 3,993 | 8,116 | 12,493 | 18,089 |
| Profit Before Tax (Cr.) | 208 | 315 | 341 | 672 | 920 |
| PBT Margin | 6.6% | 7.9% | 4.2% | 5.4% | 5.1% |
| Net Profit (Cr.) | 156 | 241 | 295 | 477 | 653 |
| EPS | 0.5 | 0.7 | 0.8 | 1.4 | 1.9 |
Company Overview
Show Company Profile
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.