Avenuesai Limited (CCAVENUE)

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Avenuesai Limited (CCAVENUE) · mywealthgrid

About

Avenuesai Limited (CCAVENUE) is a Financial Technology company with market capitalization of ₹5,382 Crores and quarterly revenues ranging ₹2,200–2,700 Crores. The company operates in India's fintech sector, delivering payment processing and related financial services.

Face value: ₹1

Market cap

₹5,330 Cr

P/E

18.1×

P/B

1.1×

Dividend yield

0.3%

ROE

6.6%

ROCE

7.5%

Debt / equity

0.08

OPM

4.4%

EPS (TTM)

₹0.8

Book value

₹13.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin volatility spans 490 basis points (0.79%–4.9%), indicating inconsistent cost management or business mix unpredictability
ROE of 6.58% trails equity investor and typical fintech sector expectations; researcher should benchmark against peers
One-year stock return of 0.92% is essentially flat; verify whether this reflects business headwinds or valuation opportunity
Institutional participation weak (FII 5.92%, DII 0.17%); researcher should investigate barriers to institutional capital

Generated analysis · source review pending

Growth drivers

Operating margin peaked at 4.9% in Sep 2025; sustaining this level above the 4.38% average expands profits on ₹2,500 Cr quarterly revenue without growth
Revenue scaled from ₹1,841 Cr (Sep 2025) to ₹2,680 Cr (Jun 2026); researcher should verify drivers (merchant base, transaction volume, pricing)
D/E of 0.08 provides balance sheet capacity for technology investment or acquisitions; verify management's capital allocation strategy
Dividend track record (2021–2024) with bonus (2022) demonstrates cash generation; verify if earnings growth supports higher distributions

Generated analysis · source review pending

2,241 historical price candles were omitted because the exchange source has not been verified.

₹15.3-0.5%1Y

Quick read

rule-based

Pros

+Profit CAGR of 31.8% over the last 5 years
+Revenue CAGR of 64.4% over the last 5 years
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 19.7×

Cons

−Low return on equity of 5.9% (3-yr avg)
−Thin operating margin of 4.4%
−Low dividend payout of 5.9% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

71/100

Business quality: 42
Growth: 97

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	337	441	839	1,159	648	676	1,294	1,962	3,171	3,993	8,116
COGS	-11	273	288	203	0	0	0	0	0	0	0
Gross profit	—	168	551	956	—	—	—	—	—	—	—
	327	102	395	773	444	526	1,141	1,787	2,920	3,683	7,765
	22	67	156	184	204	150	153	175	251	310	351
OPM %	6.5%	15.1%	18.6%	15.9%	31.5%	22.3%	11.8%	8.9%	7.9%	7.8%	4.3%
Depreciation	18	22	66	82	91	75	63	62	69	70	77
Interest	1	4	6	6	4	4	2	2	2	8	19
	6	16	31	58	21	10	10	71	28	77	86
Profit before tax	9	56	115	153	129	82	98	182	208	308	341
Tax	-0	13	27	27	21	12	15	46	52	72	46
Tax %	-0.7%	22.7%	23.5%	17.7%	16.4%	14.1%	15%	25.2%	24.9%	23.4%	13.6%
	9	44	88	126	108	70	84	136	156	236	295
PAT margin %	2.6%	9.9%	10.5%	10.9%	16.7%	10.4%	6.5%	6.9%	4.9%	5.9%	3.6%
EPS (₹)	—	0.8	1.3	1.9	1.6	0.5	0.3	0.5	0.6	0.9	0.9
EPS adjusted (₹)	0.1	0.2	0.4	0.5	0.4	0.3	0.3	0.5	0.6	0.8	0.8
	—	0%	15%	0%	6.1%	9.4%	15.6%	9.8%	8.8%	0%	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	43	54	54	66	66	133	268	268	278	279	349
Reserves	170	729	2,572	2,671	—	2,755	2,690	2,898	3,179	3,457	4,397
Minority interest	0	—	0	—	—	—	—	1	—	108	231
	5	172	33	40	—	20	0	0	72	153	399
	50	89	310	396	—	642	896	938	1,687	1,373	1,926
Total equity & liabilities	268	1,044	2,969	3,174	—	3,550	3,854	4,104	5,216	5,369	7,302
	51	90	2,115	2,102	2,126	2,101	2,081	2,143	2,130	2,275	2,917
CWIP	99	99	24	22	—	0	0	0	97	120	1
Investments	60	60	27	102	—	457	394	461	560	485	814
	58	794	803	949	—	992	1,380	1,500	2,429	2,488	3,571
Total assets	268	1,044	2,969	3,174	—	3,550	3,854	4,104	5,216	5,369	7,302

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Payment Business	7,888.39	202.97	5,175.06	1,810.4	3,364.66	6.03
E-Commerce Platform Business	227.46	124.1

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	82.5%	—	—	—	—	—	—	—
EBITDA margin %	15.2%	23.7%	21%	11.2%	9.2%	8%	7.6%	4.4%
EBIT margin %	8.1%	9.6%	9.9%	6.4%	6%	5.8%	5.8%	3.4%
PAT margin %	10.9%	16.7%	10.4%	6.5%	6.9%	4.9%	5.9%	3.6%
Working capital
Receivable days	8	—	39	23	12	15	8	5
Inventory days	—	—	0	0	0	0	0	0
Payable days	1	—	15	12	3	3	3	1
NWC days	—	—	25	10	9	12	5	4
Leverage
Current ratio	1.31	—	1.45	1.37	1.6	1.39	1.59	2.01
Debt to EBITDA	0.23	—	0.14	0	0	0.28	0.5	1.12
Debt to equity	0.01	—	0.01	0	0	0.02	0.04	0.08
Interest coverage	16.3	17.1	21	47.8	97.3	89.4	37	19.7
Asset turnover	0.37	—	0.19	0.34	0.48	0.61	0.74	1.11
Return ratios
Return on assets %	4%	—	2%	2.2%	3.3%	3%	4.4%	4%
Return on capital employed %	3.8%	—	2.6%	3.1%	5.9%	6%	7.7%	7.5%
Return on equity %	4.6%	—	2.4%	2.8%	4.3%	4.5%	6.3%	6.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	29.13%	28.13%	27.43%	27.43%	27.43%	27.36%	27.36%	27.36%	27.27%	27.29%	27.29%	27.29%
	6.3%	6.3%	7.51%	6.56%	6.8%	7.17%	7.72%	6.38%	5.92%	5.67%	5.75%	5.92%
	0.08%	0.1%	0.08%	0.09%	0.12%	0.15%	0.2%	0.18%	0.22%	0.23%	0.22%	0.17%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	64.04%	65.03%	64.54%	65.48%	65.21%	64.88%	64.28%	65.64%	66.15%	66.37%	66.3%	66.18%
No. of shareholders	—	—	—	—	—	—	—	—	7,80,592	7,52,622	7,28,580	7,21,157

Promoter holding down 1.84 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
Rahul Hirve	SellMarket Sale	1,12,000	₹17.93 L	0.00% → 0.00%	22 Aug 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

15 deals · 18 Aug 2023 – 3 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
3 Aug 2026	ASHAPURA COMMODITIES	Bulk	NSE	Sell	2,50,00,000	₹17.03	₹42.58 Cr
3 Aug 2026	ARTHKUMBH VENTURES LLP	Bulk	NSE	Buy	2,39,76,050	₹17.09	₹40.98 Cr
23 Mar 2026	SAMYAKTVA CONSTRUCTION LLP	Bulk	BSE	Sell	4,40,00,000	₹13.10	₹57.64 Cr
23 Mar 2026	HN SAFAL INFRA DEVELOPERS PRIVATE LIMITED	Bulk	BSE	Buy	4,40,00,000	₹13.10	₹57.64 Cr
23 Mar 2026	SAMYAKTVA CONSTRUCTION LLP	Block	BSE	Sell	4,40,00,000	₹13.10	₹57.64 Cr
23 Mar 2026	HN SAFAL INFRA DEVELOPERS PRIVATE LIMITED	Block	BSE	Buy	4,40,00,000	₹13.10	₹57.64 Cr
23 Mar 2026	HN SAFAL INFRA DEVELOPERS PRIVATE LIMITED	Bulk	NSE	Buy	2,20,00,000	₹13.10	₹28.82 Cr
23 Mar 2026	SAMYAKTVA CONSTRUCTION LLP	Block	NSE	Sell	2,20,00,000	₹13.10	₹28.82 Cr
23 Mar 2026	HN SAFAL INFRA DEVELOPERS PRIVATE LIMITED	Block	NSE	Buy	2,20,00,000	₹13.10	₹28.82 Cr
23 Mar 2026	SAMYAKTVA CONSTRUCTION LLP	Bulk	NSE	Sell	2,20,00,000	₹13.10	₹28.82 Cr

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Mr. Vishal Ajitbhai MehtaExecutive Director-Chairperson related to Promoter-MD
Mr. Ajit Champaklal MehtaNon-Executive - Non Independent Director
Mr. Vishwas Ambalal PatelExecutive Director-CEO-MD
Mr. Piyushkumar Mithileshkumar SinhaNon-Executive - Independent Director
Mr. Narayanan SadanandanNon-Executive - Independent Director
Ms. Girija Krishan VarmaNon-Executive - Independent Director
Ms. Neharika VohraNon-Executive - Independent Director
Mr. Sunil BhagatChief Financial Officer
Mr. Shyamal TrivediSr. Vice President & Company Secretary

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

0.16%

of the company's equity

All mutual funds

0.17%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

4 schemes · 2 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	52.84 L	7.94	0.32%	0.151%	-1.16 L
IB41-Groww Nifty India Internet ETF	Groww Mutual Fund	1.63 L	0.24	0.57%	0.005%	+10,209
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	36,172	0.05	0.01%	0.001%	+168
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	6,208	0.01	0.01%	0%	+6

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Investor Presentation and earnings call

Aug 2026Transcript AI Summary PPT REC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

7

Final dividend7 Aug 2024 · ex-date₹0.05
Final dividend18 Sept 2023 · ex-date₹0.05
Interim dividend7 Feb 2022 · ex-date₹0.05
Final dividend15 Sept 2021 · ex-date₹0.05
Interim dividend7 Nov 2019 · ex-date₹0.1
Final dividend19 Sept 2018 · ex-date₹0.1
Interim dividend26 Feb 2018 · ex-date₹0.1

1

Board meeting to consider results11 Aug 2026

1

Face value ₹10 → ₹131 Aug 2017 · ex-date

1–3 of 4

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

126 announcementsExport CSV

1 Oct 2026, 5:56 pmCorp. Action

Corporate Action- Record Date For Consolidation Of Equity Shares

Record Date PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	82.5%	—	—	—	—	—	—	—
EBITDA margin %	15.2%	23.7%	21%	11.2%	9.2%	8%	7.6%	4.4%
EBIT margin %	8.1%	9.6%	9.9%	6.4%	6%	5.8%	5.8%	3.4%
PAT margin %	10.9%	16.7%	10.4%	6.5%	6.9%	4.9%	5.9%	3.6%
Working capital
Receivable days	8	—	39	23	12	15	8	5
Inventory days	—	—	0	0	0	0	0	0
Payable days	1	—	15	12	3	3	3	1
NWC days	—	—	25	10	9	12	5	4
Leverage
Current ratio	1.31	—	1.45	1.37	1.6	1.39	1.59	2.01
Debt to EBITDA	0.23	—	0.14	0	0	0.28	0.5	1.12
Debt to equity	0.01	—	0.01	0	0	0.02	0.04	0.08
Interest coverage	16.3	17.1	21	47.8	97.3	89.4	37	19.7
Asset turnover	0.37	—	0.19	0.34	0.48	0.61	0.74	1.11
Return ratios
Return on assets %	4%	—	2%	2.2%	3.3%	3%	4.4%	4%
Return on capital employed %	3.8%	—	2.6%	3.1%	5.9%	6%	7.7%	7.5%
Return on equity %	4.6%	—	2.4%	2.8%	4.3%	4.5%	6.3%	6.2%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Pb Fintech LimitedPOLICYBZRPOLICYBZR	₹45,345 Cr	₹45,345 Cr	₹7,334 Cr	₹614 Cr	7.5%	₹748 Cr	9.9%	10.3%	9.7%	66
Pine Labs LimitedPINELABSPINELABS	₹19,338 Cr	₹19,621 Cr	₹2,832 Cr	₹409 Cr	13.2%	₹127 Cr	4.2%	4.6%	2.4%	-210
Manipal Payment And Identity Solutions LimitedMPIMANIPALMPIMANIPAL	₹9,304 Cr	₹9,305 Cr	₹1,327 Cr	₹426 Cr	32.1%	₹253 Cr	19.1%	48.9%	46.2%	196
Seshaasai Technologies LimitedSTYLSTYL	₹5,922 Cr	₹5,999 Cr	₹1,507 Cr	₹395 Cr	26.3%	₹264 Cr	16.7%	23.4%	16.8%	122
Avenuesai LimitedCCAVENUECCAVENUE	₹5,330 Cr	₹5,729 Cr	₹9,516 Cr	₹384 Cr	4.4%	₹294 Cr	3.6%	7.5%	6.6%	4
Network People Services Technologies LimitedNPSTNPST	₹3,692 Cr	₹3,698 Cr	₹218 Cr	₹55 Cr	26%	₹51 Cr	21%	20.1%	17.3%	-6,400
Turtlemint Fintech Solutions LimitedTURTLEMINTTURTLEMINT	₹2,055 Cr	₹2,055 Cr	₹1,098 Cr	₹-130 Cr	-11.9%	₹-184 Cr	-16.8%	-41.7%	-60.4%	32
One Mobikwik Systems LimitedMOBIKWIKMOBIKWIK	₹1,544 Cr	₹1,806 Cr	₹1,129 Cr	₹9 Cr	-3.6%	₹-13 Cr	-5.6%	-3.3%	-11%	-7
WSFx Global Pay LtdWSFXWSFX	₹78 Cr	₹85 Cr	₹21 Cr	₹-6 Cr	9.6%	₹-5 Cr	5.7%	20.3%	15.8%	-185
Suvidhaa Infoserve LimitedSUVIDHAASUVIDHAA	₹43 Cr	₹45 Cr	₹5 Cr	₹-7 Cr	-281.4%	₹-8 Cr	-288.6%	-28.2%	-31.3%	960
Ags Transact Technologies LimitedAGSTRAAGSTRA	—	—	₹1,250 Cr	₹57 Cr	13.4%	₹-170 Cr	-5.5%	1.8%	-16.1%	-578

Date	Category	Subject	Filing
1 Oct 2026, 5:56 pm	Corp. Action Record Date	Corporate Action- Record Date For Consolidation Of Equity Shares	PDF
29 Sept 2026, 6:58 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 12:51 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
11 Sept 2026, 6:13 pm	Company Update General	Outcome Of Rights Issue Committee Meeting - Conversion And Forfeiture Of Partly Paid-Up Equity Shares	PDF
4 Sept 2026, 11:41 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
3 Sept 2026, 3:22 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF
3 Sept 2026, 3:14 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
3 Sept 2026, 3:02 pm	AGM/EGM AGM	Notice Of 16Th Annual General Meeting	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	24	59	97	180	24	155	122	113	720	72	537
	-3	-558	-16	-99	-48	-55	-55	-88	-460	-672	-911
	440	162	-97	-46	-21	-9	-36	37	178	208	957
Net cash flow	461	-338	-15	35	-45	91	31	61	437	-391	582
Free cash flow	—	—	—	—	—	73	80	50	428	-304	196
CFO / Operating profit %	109.1%	89%	62.1%	102%	15.7%	109.3%	84.2%	62.9%	284.9%	23.8%	151.1%

Avenuesai Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

7

1

1

Announcements

7

1

1

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

E commerce Platform Business · revenue

Avenuesai Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Dividends7

Board meetings1

Stock splits1

Announcements

Dividends7

Board meetings1

Stock splits1

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

E commerce Platform Business · revenue

7

1

1

7

1

1