Infibeam Avenues Limited is an India-based financial technology (Fintech) company that offers digital payment solutions and enterprise software platforms to businesses and governments across industry verticals.
Infibeam Avenues Overview
What they are:
- An Indian multinational financial technology (Fintech) company.
- Offer integrated and scalable digital platforms:
- Digital Payment Solutions: Under the brand name CCAvenue.
- Enterprise Software Solutions: Under the brand name BuildaBazaar.
- Unique aspects:
- Bootstrapped and profitable Fintech conglomerate.
- Comprehensive Fintech portfolio under one roof.
- B2B cloud-based software platform with integrated digital payment solutions.
Infibeam Avenues Products
Digital Payment Solutions (CCAvenue):
- Payment acquiring: Process payments through 200+ methods including debit/credit cards, net banking, wallets, EMI, and UPI.
- Payment issuance: Issue prepaid cards and gift cards.
- Remittances: Send and receive domestic and international money transfers.
- Fraud prevention and risk management: Utilize tools to protect against fraudulent transactions.
Enterprise Software Solutions (BuildaBazaar):
- Enterprise marketplace platforms: Build and manage online marketplaces for B2C and B2B transactions.
- B2B marketplaces: Create private and permission-based marketplaces for businesses.
- Omnichannel commerce platforms: Manage sales across online, offline, and mobile channels.
- Hospitality platform: Manage hotel and travel bookings through a dedicated platform.
- Others: Instant Global Paytech solutions for streamlined cross-border transactions.
Other Services:
- Data cloud storage: Securely store and manage your business data.
- Digital lending: Offer lending solutions to your customers or employees.
- Omnichannel enterprise software: Integrate various business functions across touchpoints.
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Infibeam Avenues Fundamentals
Financials:
- Revenue growth: Strong, with 53.09% YoY growth for the last year and 45.36% for the last 3 years.
- **Profit growth:**Impressive, with 93.96% YoY growth for the last year and 51.99% for the last 3 years.
- Profitability: Moderate, with a net profit margin of 4.77% and an operating profit margin of 5.46%.
- Return on Equity (ROE): Below average at 4.67%.
- Return on Assets (ROA): Also below average at 3.58%.
- Debt: Very low, indicating a financially healthy company.
Valuation:
- Price-to-Earnings (P/E) ratio: High at 67.00, suggesting the stock is expensive compared to its earnings.
- Price-to-Book (P/B) ratio: Somewhat high at 3.00.
- Price-to-Sales (P/S) ratio: Moderately high at 3.07.
Infibeam Avenues Revenue and Net Profit
Latest Reported Quarter (Q3 FY24):
- Revenue: ₹912 crore (approximately $114 million), representing a 15.4% increase year-over-year (YoY) and a 227% increase compared to the same quarter in the previous fiscal year (Q3 FY23).
- Net Profit: ₹40.8 crore (approximately $5.1 million), reflecting a marginal 1% increase YoY but a 53% increase compared to Q3 FY23.
Financial Year Guidance (FY24):
- Revenue: ₹3,000-3,300 crore (approximately $375-$413 million).
- Net Revenue: ₹410-415 crore (approximately $51-$52 million).
- Net Profit: ₹130-150 crore (approximately $16-$19 million).
Infibeam Avenues Shareholding Patterns
| Category | Percentage Holding |
|---|---|
| Promoters | 28.13% |
| Foreign Institutional Investors (FIIs) | 6.31% |
| Domestic Institutional Investors (DIIs) | 0.10% |
| Mutual Funds | 0.10% |
| Others (Public Shareholding) | 65.03% |
Infibeam Avenues Share Price Target for 2025, 2026, 2027, 2028, 2029
| Year | Target Price |
|---|---|
| 2025 | ₹55 |
| 2026 | ₹70 |
| 2027 | ₹80 |
| 2028 | ₹99 |
| 2029 | ₹123 |
Infibeam Avenues Share Price Target for 2025
Infibeam Avenues Share Price Target for 2025 is 55.
Infibeam Avenues Share Price Target for 2026
Infibeam Avenues Share Price Target for 2026 is 70.
Infibeam Avenues Share Price Target for 2027
Infibeam Avenues Share Price Target for 2027 is 80.
Infibeam Avenues Share Price Target for 2028
Infibeam Avenues Share Price Target for 2028 is 99.
Infibeam Avenues Share Price Target for 2029
Infibeam Avenues Share Price Target for 2029 is 123.
Infibeam Avenues Dividend History
| Date | Ex-Dividend Date | Amount per Share | Record Date | Payment Date | Yield (based on current price) |
|---|---|---|---|---|---|
| Sep 19, 2023 | Sep 15, 2023 | ₹0.05 | Sep 16, 2023 | Oct 25, 2023 | 0.14% |
| Feb 07, 2022 | Feb 04, 2022 | ₹0.05 | Feb 05, 2022 | Mar 01, 2022 | 0.23% |
| Sep 15, 2021 | Sep 13, 2021 | ₹0.05 | Sep 14, 2021 | Oct 23, 2021 | 0.11% |
| Nov 07, 2019 | Nov 05, 2019 | ₹0.10 | Nov 06, 2019 | Nov 18, 2019 | 0.22% |
| Sep 19, 2018 | Sep 17, 2018 | ₹0.10 | Sep 18, 2018 | Oct 29, 2018 | 0.08% |
| Feb 26, 2018 | Feb 24, 2018 | ₹0.10 | Feb 25, 2018 | Mar 24, 2018 | 0.25% |
Future Outlook of Infibeam Avenues
Positive Outlook:
- Strong growth potential: The Indian digital payments and B2B marketplace sectors are expected to grow significantly in the coming years, offering ample opportunities for Infibeam Avenues to expand its market share and revenue.
- Diversified product portfolio: Offering both digital payment solutions and enterprise software platforms provides a well-rounded base for future growth.
- Technological innovation: Infibeam Avenues is investing in AI and data analytics to enhance its products and services, keeping them competitive.
- Focus on expansion: The company is looking to expand internationally and into new segments, further diversifying its revenue streams.
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Risks Associated With Investing in Infibeam Avenues
High Valuation: As mentioned earlier, Infibeam Avenues currently has a high P/E ratio compared to its peers. This means that future growth needs to be significant to justify its current price. If the company falls short of expectations, investors could experience significant losses.
Competition: The digital payments and B2B marketplace sectors are highly competitive, with established players like Paytm, Razorpay, and JioMart in India. Infibeam Avenues needs to constantly innovate and differentiate itself to maintain its market share. Failure to do so could lead to slower growth or even decline.
Regulatory Changes: The Indian financial services sector is subject to frequent regulatory changes, which can disrupt growth plans and impact profitability. Changes in data privacy regulations, payment processing rules, or other related areas could negatively affect Infibeam Avenues’ business model.
Economic Slowdown: An economic slowdown in India or globally could negatively impact consumer spending and business investment, which would hurt Infibeam Avenues’ growth prospects. The company’s reliance on the Indian market further increases its vulnerability to economic downturns.
Infibeam Avenues Competitors
Infibeam Avenues operates in two main segments: digital payments and enterprise software platforms. Therefore, its competitors differ based on the specific product or service offered. Here’s a breakdown:
Digital Payment Solutions (CCAvenue):
- Domestic: Paytm, Razorpay, PhonePe, Mobikwik, JioMart Payments, Google Pay, Amazon Pay, Axis Bank, ICICI Bank.
- International: PayPal, Stripe, Adyen, Worldpay, Square, Visa, Mastercard.
Enterprise Software Platforms (BuildaBazaar):
- Enterprise marketplaces: Shopify, Magento, Salesforce Commerce Cloud, Oracle Commerce Cloud, SAP Hybris Platform.
- B2B marketplaces: Alibaba, TradeIndia, Global Sources, Amazon Business, IndiaMART.
- Omnichannel commerce platforms: Salesforce Commerce Cloud, Adobe Commerce Cloud, Oracle CX Commerce, SAP Hybris Platform, Shopify Plus.
Overall Industry Peers:
- CarTrade Tech Ltd. (used car marketplace)
- Easy Trip Planners Ltd. (online travel platform)
- FSN E-Commerce Ventures Ltd. (Nykaa – online beauty retailer)
- IndiaMART InterMESH Ltd. (B2B online marketplace)
- Just Dial Ltd. (local search and classifieds platform)
- Matrimony.com Ltd. (online matchmaking platform)
- Nazara Technologies Ltd. (gaming and esports company)
- One97 Communications Ltd. (Paytm – digital payments and e-commerce platform)
- PB Fintech Ltd. (Policybazaar – online insurance platform)
- Yatra Online Ltd. (online travel platform)
- Zomato Ltd. (online food delivery and restaurant aggregator)
