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Last Updated: February 2, 2026, 3:53 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 539807 | NSE: INFIBEAM

Infibeam Avenues Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹19.59Undervalued by 15.92%vs CMP ₹16.90

P/E (24.9) × ROE (6.5%) × BV (₹14.90) × DY (2.00%)

₹14.47Overvalued by 14.38%vs CMP ₹16.90
MoS: -16.8% (Negative)Confidence: 48/100 (Moderate)Models: 1 Under, 3 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹24.1523%Under (+42.9%)
Graham NumberEarnings₹15.7517%Fair (-6.8%)
Earnings PowerEarnings₹3.7611%Over (-77.8%)
DCFCash Flow₹17.0811%Fair (+1.1%)
Net Asset ValueAssets₹12.017%Over (-28.9%)
EV/EBITDAEnterprise₹13.119%Over (-22.4%)
Earnings YieldEarnings₹7.407%Over (-56.2%)
ROCE CapitalReturns₹2.667%Over (-84.3%)
Revenue MultipleRevenue₹17.256%Fair (+2.1%)
Consensus (9 models)₹14.47100%Overvalued
Key Drivers: Wide model spread (₹3–₹24) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 23.3%

*Investments are subject to market risks

Investment Snapshot

62
Infibeam Avenues Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health66/100 · Strong
ROCE 8.7% AverageROE 6.5% AverageD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money30/100 · Weak
FII holding down -1.26% (6mo) SellingPromoter holding at 27.3% Stable
Earnings Quality50/100 · Moderate
OPM stable around 8% Steady
Quarterly Momentum78/100 · Strong
Revenue (4Q): +62% YoY AcceleratingProfit (4Q): +20% YoY Positive
Industry Rank75/100 · Strong
P/E 24.9 vs industry 22.1 In-lineROCE 8.7% vs industry 5.1% Above peers3Y sales CAGR: 46% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: February 2, 2026, 3:53 pm

Market Cap 5,869 Cr.
Current Price 16.9
Intrinsic Value₹14.47
High / Low 22.0/12.6
Stock P/E24.9
Book Value 14.9
Dividend Yield0.00 %
ROCE8.65 %
ROE6.47 %
Face Value 1.00
PEG Ratio1.07

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Infibeam Avenues Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Infibeam Avenues Ltd 5,869 Cr. 16.9 22.0/12.624.9 14.90.00 %8.65 %6.47 % 1.00
DigiSpice Technologies Ltd 376 Cr. 16.0 35.5/14.819.2 9.690.00 %5.47 %2.71 % 3.00
AGS Transact Technologies Ltd 32.0 Cr. 2.49 7.30/2.30 41.80.00 %1.26 %16.3 % 10.0
Industry Average3,122.50 Cr11.8022.0522.130.00%5.13%8.49%4.67

All Competitor Stocks of Infibeam Avenues Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 4774156537427879077167451,0171,0701,1611,2801,965
Expenses 4383676066947178426506769399921,0851,2091,875
Operating Profit 39484749706567697878757190
OPM % 8%11%7%7%9%7%9%9%8%7%6%6%5%
Other Income 3313213261432427242821
Interest 1011101122323
Depreciation 15161616171717161719181819
Profit before tax 56455135555462836284787989
Tax % 29%21%25%28%27%21%26%17%24%24%30%26%24%
Net Profit 40353825414346694764555868
EPS in Rs 0.120.110.120.080.120.130.130.200.130.180.140.180.24

Last Updated: January 1, 2026, 7:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 5:11 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2072883374418391,1596336761,2941,9623,1503,9935,476
Expenses 2282913153756839834845341,1491,7872,8983,6765,162
Operating Profit -20-22267156176149142145175252316314
OPM % -10%-1%7%15%19%15%23%21%11%9%8%8%6%
Other Income 275163166731918712571100
Interest 11146644223911
Depreciation 7131822668287756362677073
Profit before tax -27-109561151531308298182208308330
Tax % 0%-0%-1%23%23%18%17%14%15%25%25%23%
Net Profit -26-11944881261087084136156236245
EPS in Rs -0.13-0.050.040.160.320.380.320.220.260.420.450.650.74
Dividend Payout % 0%0%0%0%3%0%6%9%15%10%9%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)57.69%181.82%388.89%100.00%43.18%-14.29%-35.19%20.00%61.90%14.71%51.28%
Change in YoY Net Profit Growth (%)0.00%124.13%207.07%-288.89%-56.82%-57.47%-20.90%55.19%41.90%-47.20%36.58%

Infibeam Avenues Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:30%
5 Years:45%
3 Years:46%
TTM:43%
Compounded Profit Growth
10 Years:38%
5 Years:17%
3 Years:37%
TTM:6%
Stock Price CAGR
10 Years:%
5 Years:0%
3 Years:6%
1 Year:-38%
Return on Equity
10 Years:4%
5 Years:4%
3 Years:5%
Last Year:6%

Last Updated: September 5, 2025, 7:35 am

Balance Sheet

Last Updated: December 10, 2025, 2:51 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 40435354546666133268268278279315
Reserves 431706107292,5722,6712,7372,7552,6902,8983,1103,4573,855
Borrowings 95613667402620788317279
Other Liabilities 4450811242753963006428899301,6701,4611,965
Total Liabilities 1352687501,0432,9683,1743,1303,5503,8544,1045,1425,3696,214
Fixed Assets 455167902,1152,1022,1262,1012,0802,1432,1252,2752,695
CWIP 82619121603201614674311448140
Investments 0006027102392457394461543485505
Other Assets 821916647727689386129761,2341,4252,1632,1612,873
Total Assets 1352687501,0432,9683,1743,1303,5503,8544,1045,1425,3696,214

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -11-212459973082215512211372072
Cash from Investing Activity + -17-91-3-55820-280-42-55-55-88-460-672
Cash from Financing Activity + 30123440162-97-54-26-9-3637178208
Net Cash Flow 211461-33820-27-45913161437-391

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-29.00-7.0016.00-69.0089.00136.00123.00122.00138.00167.00169.00144.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 3042524648831392312138
Inventory Days 19203713150
Days Payable 5450432332
Cash Conversion Cycle -512463631831392312138
Working Capital Days -16112158489679522230-1933
ROCE %-33%-5%2%8%7%4%4%3%3%6%6%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters 30.64%30.63%30.63%29.13%28.13%27.43%27.43%27.43%27.36%27.36%27.36%27.28%
FIIs 6.00%6.46%6.11%6.30%6.31%7.51%6.57%6.80%7.17%7.72%6.38%5.91%
DIIs 0.06%0.07%0.07%0.08%0.10%0.08%0.09%0.12%0.15%0.20%0.18%0.22%
Public 62.86%62.38%62.74%64.03%65.02%64.56%65.48%65.21%64.89%64.29%65.66%66.16%
Others 0.46%0.46%0.46%0.46%0.44%0.44%0.44%0.44%0.44%0.44%0.44%0.44%
No. of Shareholders 2,40,9922,41,9472,79,6074,66,6985,06,3088,87,8938,37,1988,29,1677,95,6327,82,1427,82,9017,80,592

Shareholding Pattern Chart

No. of Shareholders

Infibeam Avenues Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Nifty Smallcap 250 Index Fund 1,027,174 0.34 3.611,027,1742025-04-22 17:25:310%
Motilal Oswal Nifty Smallcap 250 Index Fund 627,395 0.33 2.2627,3952025-04-22 17:25:310%
SBI Nifty Smallcap 250 Index Fund 521,693 0.33 1.83521,6932025-04-22 17:25:310%
ICICI Prudential Nifty Smallcap 250 Index Fund 238,200 0.33 0.84238,2002025-04-22 17:25:310%
Motilal Oswal Nifty 500 Index Fund 62,231 0.03 0.2262,2312025-04-22 17:25:310%
Edelweiss Nifty Smallcap 250 Index Fund 28,525 0.33 0.128,5252025-04-22 17:25:310%
ICICI Prudential S&P BSE 500 ETF 16,107 0.03 0.0616,1072025-04-22 17:25:310%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 0.850.570.510.320.53
Diluted EPS (Rs.) 0.840.560.500.310.52
Cash EPS (Rs.) 1.080.810.750.511.03
Book Value[Excl.RevalReserv]/Share (Rs.) 13.3912.4211.8211.0421.70
Book Value[Incl.RevalReserv]/Share (Rs.) 13.3912.4211.8211.0421.70
Revenue From Operations / Share (Rs.) 14.3111.407.334.835.08
PBDIT / Share (Rs.) 1.351.010.930.571.14
PBIT / Share (Rs.) 1.100.760.700.340.57
PBT / Share (Rs.) 1.080.750.690.330.54
Net Profit / Share (Rs.) 0.820.560.520.280.46
NP After MI And SOA / Share (Rs.) 0.800.560.520.320.54
PBDIT Margin (%) 9.438.8512.7511.9722.46
PBIT Margin (%) 7.666.689.617.1311.36
PBT Margin (%) 7.566.609.516.9810.82
Net Profit Margin (%) 5.754.987.175.859.11
NP After MI And SOA Margin (%) 5.644.987.116.6810.69
Return on Networth / Equity (%) 6.034.574.402.922.50
Return on Capital Employeed (%) 7.305.685.683.002.61
Return On Assets (%) 4.193.033.402.242.03
Long Term Debt / Equity (X) 0.010.020.000.000.00
Total Debt / Equity (X) 0.040.020.000.000.01
Asset Turnover Ratio (%) 0.750.680.490.320.18
Current Ratio (X) 1.591.391.601.371.45
Quick Ratio (X) 1.591.391.601.371.45
Dividend Payout Ratio (NP) (%) 6.148.440.0015.330.00
Dividend Payout Ratio (CP) (%) 4.685.880.008.890.00
Earning Retention Ratio (%) 93.8691.560.0084.670.00
Cash Earning Retention Ratio (%) 95.3294.120.0091.110.00
Interest Coverage Ratio (X) 45.48118.41128.8380.1441.54
Interest Coverage Ratio (Post Tax) (X) 28.2667.6373.4840.1417.86
Enterprise Value (Cr.) 4551.558854.223522.964966.306150.57
EV / Net Operating Revenue (X) 1.142.791.803.849.10
EV / EBITDA (X) 12.0931.5414.0732.0440.50
MarketCap / Net Operating Revenue (X) 1.162.991.934.009.33
Retention Ratios (%) 93.8591.550.0084.660.00
Price / BV (X) 1.242.751.201.752.18
Price / Net Operating Revenue (X) 1.162.991.934.009.33
EarningsYield 0.040.010.030.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Infibeam Avenues Ltd. is a Public Limited Listed company incorporated on 30/06/2010 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L64203GJ2010PLC061366 and registration number is 061366. Currently Company is involved in the business activities of Providing software support and maintenance to the clients. Company's Total Operating Revenue is Rs. 3726.51 Cr. and Equity Capital is Rs. 278.95 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Financial Technologies (Fintech)28th Floor, GIFT Two Building, Block No. 56, Road-5C, Zone-5, Gandhinagar District Gujarat 382355Contact not found
Management
NamePosition Held
Mr. Ajit MehtaChairman Emeritus & Non Executive Director
Mr. Vishal MehtaChairman & Managing Director
Mr. Vishwas PatelJoint Managing Director
Mr. Narayanan SadanandanIndependent Director
Mr. Piyushkumar SinhaIndependent Director
Ms. Girija Krishan VarmaIndependent Director

FAQ

What is the intrinsic value of Infibeam Avenues Ltd and is it undervalued?

As of 10 April 2026, Infibeam Avenues Ltd's intrinsic value is ₹14.47, which is 14.38% lower than the current market price of ₹16.90, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (6.47 %), book value (₹14.9), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Infibeam Avenues Ltd?

Infibeam Avenues Ltd is trading at ₹16.90 as of 10 April 2026, with a FY2026-2027 high of ₹22.0 and low of ₹12.6. The stock is currently in the middle of its 52-week range. Market cap stands at ₹5,869 Cr..

How does Infibeam Avenues Ltd's P/E ratio compare to its industry?

Infibeam Avenues Ltd has a P/E ratio of 24.9, which is above the industry average of 22.05. The premium over industry average may reflect growth expectations or speculative interest.

Is Infibeam Avenues Ltd financially healthy?

Key indicators for Infibeam Avenues Ltd: ROCE of 8.65 % is on the lower side compared to the industry average of 5.13%; ROE of 6.47 % is below ideal levels (industry average: 8.49%). Dividend yield is 0.00 %.

Is Infibeam Avenues Ltd profitable and how is the profit trend?

Infibeam Avenues Ltd reported a net profit of ₹236 Cr in Mar 2025 on revenue of ₹3,993 Cr. Compared to ₹84 Cr in Mar 2022, the net profit shows an improving trend.

Does Infibeam Avenues Ltd pay dividends?

Infibeam Avenues Ltd has a dividend yield of 0.00 % at the current price of ₹16.90. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Infibeam Avenues Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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