Financials AvenuesAI Limited

Stocks

Market Closed - Bombay S.E. 06:29:47 2026-09-11 EDT			5-day change	1st Jan Change
16.31 ^INR	+6.12%		+3.89%	-2.57%

08-30	Ratnaafin Capital Private Limited announced that it has received INR 937.500609 million in funding from AvenuesAI Limited, Unmaj Enterprises Limited and other investor	CI
08-13	Ratnaafin Capital Private Limited announced that it expects to receive INR 3.750000738 billion in funding from AvenuesAI Limited, Unmaj Enterprises Limited	CI

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	12,939	19,623	31,711	39,926	81,158	114,556	129,918
Change	-	51.66%	61.6%	25.91%	103.27%	41.15%	13.41%
EBITDA ¹	1,529	1,796	2,506	3,034	3,552	5,142	6,315
Change	-	17.43%	39.56%	21.05%	17.06%	44.78%	22.81%
EBIT ¹	902.9	1,180	1,819	2,330	2,784	3,681	4,593
Change	-	30.68%	54.13%	28.14%	19.49%	32.2%	24.78%
Interest Paid ¹	-19.3	-19.4	-23.7	-82.8	-186.3	-506	-581
Earnings before Tax (EBT) ¹	983.6	1,822	2,076	3,082	3,412	4,087	4,989
Change	-	85.26%	13.91%	48.48%	10.7%	19.79%	22.07%
Net income ¹	836.5	1,363	1,581	2,254	2,790	3,170	3,717
Change	-	62.9%	16.04%	42.57%	23.78%	13.6%	17.26%
Announcement Date	5/9/22	5/25/23	5/16/24	5/26/25	5/29/26	-	-

¹INR in Million

Estimates

Fiscal Period: March	2022 Q1	2022 Q2	2022 Q3	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	-	3,110	3,970	-	4,767	-	6,527	7,424	-	9,120	7,268	7,528	10,166	10,704	11,605	12,802	19,649	23,812	24,895	26,804
Change	-	-	27.67%	-	-	-	-	13.74%	-	-	-20.3%	3.56%	35.06%	5.28%	8.42%	10.31%	53.48%	21.19%	4.55%	7.67%
EBITDA	-	344.8	378.6	-	399.9	-	495.5	-	-	-	645.1	-	-	-	-	-	-	955.3	-	-
Change	-	-	9.8%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	-	-	-	-	-	-	323.6	-	502	466.5	512.4	630.6	592.9	598.9	533.2	774.7	770.3	706.3	664.7
Change	-	-	-	-	-	-	-	-	-	-	-7.07%	9.84%	23.07%	-5.98%	1.01%	-10.97%	45.29%	-0.57%	-8.31%	-5.89%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	140.7	185.8	250.2	237.4	407.4	358.1	384.3	260.6	409.8	414.4	496.7	700.2	440.7	624	-	-	-	718.8	-	-
Change	-	32.05%	34.66%	-5.12%	71.61%	-12.1%	7.32%	-32.19%	57.25%	1.12%	19.86%	40.97%	-37.06%	41.59%	-	-	-	-	-	-
Announcement Date	8/10/21	10/28/21	1/31/22	8/4/22	11/4/22	2/6/23	5/25/23	8/8/23	11/2/23	1/23/24	5/16/24	8/2/24	11/12/24	2/4/25	5/26/25	8/8/25	11/13/25	2/13/26	5/29/26	8/11/26

¹INR in Million

Estimates

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028
Net Debt	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Announcement Date	5/9/22	5/25/23	5/16/24	5/26/25	5/29/26	-	-

Estimates

Fiscal Period: March	2024	2025	2026	2027	2028
CAPEX ¹	2,917	3,761	3,407	1,235	1,575
Change	-	28.92%	-9.42%	-63.75%	27.53%
Free Cash Flow (FCF) ¹	4,280	-3,040	1,958	751	2,853
Change	-	-171.05%	164.41%	-61.65%	279.89%
Announcement Date	5/16/24	5/26/25	5/29/26	-	-

¹INR in Million

Estimates

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	11.82%	9.15%	7.9%	7.6%	4.38%	4.49%	4.86%
EBIT Margin (%)	6.98%	6.01%	5.73%	5.84%	3.43%	3.21%	3.54%
EBT Margin (%)	7.6%	9.29%	6.55%	7.72%	4.2%	3.57%	3.84%
Net margin (%)	6.46%	6.94%	4.99%	5.65%	3.44%	2.77%	2.86%
FCF margin (%)	-	-	13.5%	-7.62%	2.41%	0.66%	2.2%
FCF / Net Income (%)	-	-	270.64%	-134.87%	70.18%	23.69%	76.76%
Profitability
ROA	-	-	-	-	-	-	-
ROE	2.83%	4.45%	4.78%	6.33%	6.58%	6.5%	7.1%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	9.2%	9.42%	4.2%	1.08%	1.21%
CAPEX / EBITDA (%)	-	-	116.39%	123.97%	95.92%	24.02%	24.94%
CAPEX / FCF (%)	-	-	68.17%	-123.7%	173.96%	164.45%	55.21%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	0.05	-	-	-	0.1
Change	-	-	-	-	-	-	-
Book Value Per Share ¹	11.05	11.82	12.43	13.39	13.59	14.5	15.6
Change	-	6.99%	5.1%	7.75%	1.49%	6.69%	7.59%
EPS ¹	0.31	0.5	0.56	0.84	-	0.91	1.06
Change	-	61.29%	12%	50%	-	-	16.48%
Nbr of stocks (in thousands)	2,665,125	2,666,596	2,769,690	2,777,184	3,484,109	3,481,020	3,481,020
Announcement Date	5/9/22	5/25/23	5/16/24	5/26/25	5/29/26	-	-