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 ₹ 9.98 Cr.
- Current Price ₹ 4.65
- High / Low ₹ 14.0 / 3.05
- Stock P/E
- Book Value ₹ 2.25
- Dividend Yield 0.00 %
- ROCE -43.9 %
- ROE -50.0 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 33.3%
- Company has a low return on equity of -28.4% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 13.80 | 31.23 | 33.44 | 26.19 | 27.11 | 24.42 | |
| 14.00 | 29.12 | 33.54 | 27.87 | 31.75 | 27.83 | |
| Operating Profit | -0.20 | 2.11 | -0.10 | -1.68 | -4.64 | -3.41 |
| OPM % | -1.45% | 6.76% | -0.30% | -6.41% | -17.12% | -13.96% |
| 0.68 | 1.53 | 2.89 | 1.22 | 0.63 | 0.37 | |
| Interest | 0.47 | 0.82 | 0.84 | 0.98 | 0.06 | 0.02 |
| Depreciation | 0.04 | 0.10 | 0.17 | 0.14 | 0.10 | 0.08 |
| Profit before tax | -0.03 | 2.72 | 1.78 | -1.58 | -4.17 | -3.14 |
| Tax % | -866.67% | 3.68% | 0.00% | 0.00% | 0.00% | |
| 0.23 | 2.62 | 1.78 | -1.58 | -4.16 | -3.13 | |
| EPS in Rs | 1.86 | 21.16 | 14.37 | -0.74 | -1.94 | -1.46 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -5% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -67% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -28% |
| Last Year: | -50% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.12 | 0.12 | 0.12 | 2.14 | 2.14 | 2.14 |
| Reserves | -2.51 | 0.20 | 1.92 | 8.31 | 4.04 | 2.69 |
| 2.01 | 0.94 | 2.87 | 1.38 | 0.70 | 0.77 | |
| 9.15 | 14.47 | 10.76 | 9.62 | 6.53 | 6.02 | |
| Total Liabilities | 8.77 | 15.73 | 15.67 | 21.45 | 13.41 | 11.62 |
| 0.16 | 0.28 | 0.44 | 0.35 | 0.27 | 0.25 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 5.23 | 3.73 | 3.42 |
| 8.61 | 15.45 | 15.23 | 15.87 | 9.41 | 7.95 | |
| Total Assets | 8.77 | 15.73 | 15.67 | 21.45 | 13.41 | 11.62 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -0.70 | 3.17 | -0.76 | -1.40 | -0.25 | |
| 0.03 | -0.17 | -0.48 | -5.58 | 1.57 | |
| 1.33 | -1.11 | -0.07 | 7.63 | -0.74 | |
| Net Cash Flow | 0.66 | 1.90 | -1.32 | 0.65 | 0.58 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 18.78 | 6.78 | 13.97 | 5.16 | 4.31 |
| Inventory Days | 253.68 | 359.90 | 256.55 | 489.62 | 120.14 |
| Days Payable | 267.17 | 230.57 | 156.78 | 162.57 | 101.85 |
| Cash Conversion Cycle | 5.29 | 136.10 | 113.74 | 332.20 | 22.60 |
| Working Capital Days | -98.39 | -17.30 | -3.27 | 38.88 | 19.25 |
| ROCE % | 804.55% | 84.93% | -13.26% | -43.93% |
Documents
Announcements
-
Appointment
13 November 2025 - Approved unaudited H1 results (30/09/2025); losses; appointed internal auditors; IPO proceeds ₹1,025.28L, unutilised ₹554.10L.
-
Outcome of Board Meeting
13 November 2025 - Board approved H1 Sep 30, 2025 unaudited results; licensed platform to US subsidiary; appointed internal auditors; ₹554.10 lakh IPO unutilized.
-
Outcome of Board Meeting
13 November 2025 - Board approved unaudited H1 results to Sep 30,2025 (loss ₹6,341 thousand); IPO unutilised ₹554.10 lakh; internal auditor appointed.
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Statement of deviation(s) or variation(s) under Reg. 32
13 November 2025 - IPO Rs.10.25 crore; as of 30/09/2025 Rs.554.10 lakh unutilized; audited, no deviation.
-
General Updates
3 October 2025 - Net Avenue incorporated 100% US subsidiary ETHNOVOG INTERNATIONAL INC, $1,000 share capital, apparels, dated 03/10/2025.
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