Net Avenue Technologies Ltd
Incorporated in 2001, Net Avenue Technologies Ltd is in the business
of selling Indian designer clothes and accessories online[1]
- Market Cap ₹ 8.26 Cr.
- Current Price ₹ 3.85
- High / Low ₹ 17.4 / 3.75
- Stock P/E
- Book Value ₹ 3.08
- Dividend Yield 0.00 %
- ROCE -36.0 %
- ROE -41.2 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.49% over past five years.
- Promoter holding is low: 33.3%
- Company has a low return on equity of -21.6% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Services Retailing E-Retail/ E-Commerce
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
19.80 | 13.80 | 31.23 | 33.44 | 26.19 | 27.11 | |
19.40 | 13.91 | 28.66 | 34.17 | 28.38 | 31.03 | |
Operating Profit | 0.40 | -0.11 | 2.57 | -0.73 | -2.19 | -3.92 |
OPM % | 2.02% | -0.80% | 8.23% | -2.18% | -8.36% | -14.46% |
0.79 | 0.71 | 1.48 | 2.86 | 0.79 | 0.63 | |
Interest | 0.72 | 0.56 | 1.10 | 0.09 | 0.18 | 0.06 |
Depreciation | 0.07 | 0.04 | 0.10 | 0.17 | 0.14 | 0.10 |
Profit before tax | 0.40 | 0.00 | 2.85 | 1.87 | -1.72 | -3.45 |
Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
0.40 | 0.00 | 2.85 | 1.87 | -1.72 | -3.45 | |
EPS in Rs | 3.23 | 0.00 | 23.01 | 15.10 | -0.80 | -1.61 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | -5% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -101% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -74% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -22% |
Last Year: | -41% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Equity Capital | 0.12 | 0.12 | 0.12 | 0.12 | 2.14 | 2.14 |
Reserves | -3.29 | -3.19 | -0.25 | 1.77 | 8.02 | 4.46 |
0.51 | 2.01 | 0.94 | 2.87 | 1.38 | 0.70 | |
35.42 | 35.98 | 29.95 | 19.59 | 11.03 | 7.46 | |
Total Liabilities | 32.76 | 34.92 | 30.76 | 24.35 | 22.57 | 14.76 |
0.19 | 0.16 | 0.28 | 0.44 | 0.35 | 0.27 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 5.22 | 3.73 |
32.57 | 34.76 | 30.48 | 23.91 | 17.00 | 10.76 | |
Total Assets | 32.76 | 34.92 | 30.76 | 24.35 | 22.57 | 14.76 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
0.03 | -0.78 | 1.70 | -0.53 | -1.70 | -0.26 | |
-0.06 | -0.50 | -0.77 | -0.34 | -5.58 | 1.57 | |
-0.01 | 1.33 | -0.04 | -0.07 | 7.63 | -0.74 | |
Net Cash Flow | -0.04 | 0.06 | 0.89 | -0.94 | 0.34 | 0.57 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|
Debtor Days | 31.52 | 18.78 | 6.66 | 13.97 | 5.16 | 4.31 |
Inventory Days | 148.12 | 253.68 | 359.90 | 256.55 | 489.62 | 120.14 |
Days Payable | 206.30 | 277.29 | 221.21 | 159.57 | 199.26 | 108.92 |
Cash Conversion Cycle | -26.67 | -4.83 | 145.34 | 110.95 | 295.51 | 15.53 |
Working Capital Days | -68.58 | -102.62 | -12.39 | -2.40 | 42.37 | 32.58 |
ROCE % | 70.38% | -18.90% | -35.99% |
Documents
Announcements
-
General Updates
3 October 2025 - Net Avenue incorporated 100% US subsidiary ETHNOVOG INTERNATIONAL INC, $1,000 share capital, apparels, dated 03/10/2025.
-
Trading Window
30 September 2025 - Trading window closed Oct 01, 2025 until 48 hours after Sep 30, 2025 results.
-
General Updates
29 September 2025 - Scrutinizer report for Net Avenue's Annual General Meeting held 27/09/2025 submitted to NSE.
-
Shareholders meeting
27 September 2025 - 27 Sep 2025 AGM adopted FY2024-25 standalone and consolidated financials; Rajesh Nahar reappointed.
-
General Updates
16 September 2025 - Board on 16/09/2025 approved incorporating 100% US apparel subsidiary; share capital $1,000; subject to regulatory approvals
Business Overview:[1][2]
a) NATL is in the business of selling Indian Ethnic wear primarily in South Asian through its websites cbazaar.com and ethnovog.com
b) Company directly sells to end consumer and gets orders from over 100 countries including the United States, United Kingdom, Australia, and Canada being the primary markets.
c) In the international market, 100% of company's orders are prepaid orders.
d) Company provides COD option only in India
e) Company's subsidiaries act as a commission and collecting agent for the holding company