Net Avenue Technologies Ltd.
•₹ 50%
2026-08-21
PROS
- Promoters have been increasing their shareholding - up 4.4pp over 2 years
- Working capital cycle has improved - days down from 73 to 54
- Company maintains a comfortable, low leverage position
- Company converts assets efficiently - asset turnover of 2.0x
CONS
- Company is loss-making at the operating / net level
- Operating cash flow has been negative in recent years
- Interest coverage is weak at -57.6x - earnings barely cover interest
- Company has a low return on equity of -46.0% over last 3 years
- Company has a low return on capital employed of -31.7%
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.25x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ETERNAL | 320.20 | 713.64 | 309004.23 | 0.00 | 92.00 | 268.00 | 20211.00 | 182.00 | 3.29 | 2.94 |
| 2. | NYKAA | 327.50 | 366.22 | 93799.73 | 0.00 | 79.76 | 225.95 | 2782.00 | 29.10 | 20.15 | 8.48 |
| 3. | MEESHO | 196.90 | 0.00 | 91038.09 | 0.00 | -1328.35 | -359.07 | 37128.11 | 1382.83 | -78.80 | -6.05 |
| 4. | SWIGGY | 272.40 | 0.00 | 75190.94 | 0.00 | -791.00 | 33.92 | 6812.00 | 37.31 | -27.59 | -9.56 |
| 5. | SHIPROCKET | 143.50 | 0.00 | 10440.74 | 0.00 | — | — | — | — | -3.02 | — |
| 6. | INDIAMART | 1732.85 | 21.12 | 10421.91 | 3.46 | 172.20 | 12.18 | 414.40 | 11.37 | 28.39 | 31.83 |
| 7. | FIRSTCRY | 196.70 | 0.00 | 10269.48 | 0.00 | -43.95 | 33.91 | 2106.23 | 13.08 | -1.65 | 2.83 |
| 8. | IBULLSLTD | 26.51 | 14.74 | 6175.62 | 0.00 | 1410.20 | 53516.67 | 3594.50 | — | 0.00 | 42.82 |
| 9. | MSTCLTD | 707.05 | 21.24 | 4977.63 | 2.22 | 58.22 | 37.50 | 94.24 | 21.71 | 60.68 | 61.36 |
| 10. | ISFT | 84.74 | 10.07 | 138.23 | 0.00 | 4.54 | 10.85 | 139.63 | 8.25 | 6.12 | 3.50 |
| 11. | CBAZAAR | 5.00 | 0.00 | 10.73 | 0.00 | — | — | — | — | -35.16 | — |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
No quarterly results found
We don't have this information yet. Please check back later.
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 14 | 31 | 33 | 27 | 27 | 25 | |
| 14 | 29 | 32 | 29 | 32 | 28 | |
| Operating Profit | 0 | 4 | 3 | -2 | -4 | -2 |
| OPM % | 3 | 12 | 8 | -7 | -15 | -7 |
| Other Income | 1 | 2 | 1 | 0 | 1 | 2 |
| Interest | 0 | 1 | 1 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| -0 | 3 | 2 | -2 | -4 | -2 | |
| Tax % | 839 | 4 | -1 | 0 | 0 | 0 |
| Net Profit | 0 | 3 | 2 | -2 | -4 | -2 |
| EPS | 0 | 3 | 2 | -1 | -2 | -1 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | -0 | -0 | -0 | -0 | 0 | 0 |
| Adjusted EPS | 0 | 3 | 2 | -1 | -2 | -1 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | -0 | -0 | -0 | -0 | 0 | 0 |
| Adjusted EPS | 0 | 3 | 2 | -1 | -2 | -1 |
Mar 2021
- 14
- 14
- Operating Profit
- 0
- OPM %
- 3
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- 839
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- -0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- -0
- Adjusted EPS
- 0
Mar 2022
- 31
- 29
- Operating Profit
- 4
- OPM %
- 12
- Other Income
- 2
- Interest
- 1
- Depreciation
- 0
- 3
- Tax %
- 4
- Net Profit
- 3
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- -0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- -0
- Adjusted EPS
- 3
Mar 2023
- 33
- 32
- Operating Profit
- 3
- OPM %
- 8
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- 2
- Tax %
- -1
- Net Profit
- 2
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- -0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- -0
- Adjusted EPS
- 2
Mar 2024
- 27
- 29
- Operating Profit
- -2
- OPM %
- -7
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -2
- Tax %
- 0
- Net Profit
- -2
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- -0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- -0
- Adjusted EPS
- -1
Mar 2025
- 27
- 32
- Operating Profit
- -4
- OPM %
- -15
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- -4
- Tax %
- 0
- Net Profit
- -4
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2026
- 25
- 28
- Operating Profit
- -2
- OPM %
- -7
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- -2
- Tax %
- 0
- Net Profit
- -2
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 13%
- 3 Years:
- -9%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- 18%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- -28%
- 3 Years:
- -46%
- Last Year:
- -49%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - |
| Equity Capital | 0 | 0 | 0 | 2 | 2 | 2 |
| -4 | -2 | 0 | 7 | 3 | 1 | |
| 2 | 1 | 3 | 1 | 1 | 1 | |
| Trade Payables | 4 | 5 | 4 | 3 | 2 | 1 |
| 6 | 8 | 6 | 6 | 5 | 7 | |
| Total Liabilities | 7 | 13 | 14 | 19 | 13 | 12 |
| ASSETS | - | - | - | - | - | - |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 5 | 4 | 4 | |
| 3 | 6 | 7 | 6 | 3 | 2 | |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| Cash & Bank | 1 | 3 | 2 | 3 | 4 | 4 |
| 3 | 3 | 4 | 5 | 2 | 2 | |
| Total Assets | 7 | 13 | 14 | 19 | 13 | 12 |
| Total Debt | 2 | 1 | 3 | 1 | 1 | 1 |
| Net Working Capital | -3 | -1 | 1 | 9 | 5 | 4 |
| Contingent Liabilities | 0 | 0 | 0 | 3 | 3 | 1 |
| Book Value per Share | -34.38 | -11.53 | 3.17 | 4.46 | 2.39 | 1.46 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 2 | 1 | 3 | 1 | 1 | 1 |
| Net Working Capital | -3 | -1 | 1 | 9 | 5 | 4 |
| Contingent Liabilities | 0 | 0 | 0 | 3 | 3 | 1 |
| Book Value per Share | -34.38 | -11.53 | 3.17 | 4.46 | 2.39 | 1.46 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2021
- Equity Capital
- 0
- -4
- 2
- Trade Payables
- 4
- 6
- Total Liabilities
- 7
- 0
- 0
- 3
- 0
- Cash & Bank
- 1
- 3
- Total Assets
- 7
- Total Debt
- 2
- Net Working Capital
- -3
- Contingent Liabilities
- 0
- Book Value per Share
- -34.38
- Face Value
- 1.00
- Total Debt
- 2
- Net Working Capital
- -3
- Contingent Liabilities
- 0
- Book Value per Share
- -34.38
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 0
- -2
- 1
- Trade Payables
- 5
- 8
- Total Liabilities
- 13
- 0
- 0
- 6
- 0
- Cash & Bank
- 3
- 3
- Total Assets
- 13
- Total Debt
- 1
- Net Working Capital
- -1
- Contingent Liabilities
- 0
- Book Value per Share
- -11.53
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- -1
- Contingent Liabilities
- 0
- Book Value per Share
- -11.53
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 0
- 0
- 3
- Trade Payables
- 4
- 6
- Total Liabilities
- 14
- 0
- 0
- 7
- 0
- Cash & Bank
- 2
- 4
- Total Assets
- 14
- Total Debt
- 3
- Net Working Capital
- 1
- Contingent Liabilities
- 0
- Book Value per Share
- 3.17
- Face Value
- 1.00
- Total Debt
- 3
- Net Working Capital
- 1
- Contingent Liabilities
- 0
- Book Value per Share
- 3.17
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 2
- 7
- 1
- Trade Payables
- 3
- 6
- Total Liabilities
- 19
- 0
- 5
- 6
- 0
- Cash & Bank
- 3
- 5
- Total Assets
- 19
- Total Debt
- 1
- Net Working Capital
- 9
- Contingent Liabilities
- 3
- Book Value per Share
- 4.46
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- 9
- Contingent Liabilities
- 3
- Book Value per Share
- 4.46
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 2
- 3
- 1
- Trade Payables
- 2
- 5
- Total Liabilities
- 13
- 0
- 4
- 3
- 0
- Cash & Bank
- 4
- 2
- Total Assets
- 13
- Total Debt
- 1
- Net Working Capital
- 5
- Contingent Liabilities
- 3
- Book Value per Share
- 2.39
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- 5
- Contingent Liabilities
- 3
- Book Value per Share
- 2.39
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 2
- 1
- 1
- Trade Payables
- 1
- 7
- Total Liabilities
- 12
- 0
- 4
- 2
- 0
- Cash & Bank
- 4
- 2
- Total Assets
- 12
- Total Debt
- 1
- Net Working Capital
- 4
- Contingent Liabilities
- 1
- Book Value per Share
- 1.46
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- 4
- Contingent Liabilities
- 1
- Book Value per Share
- 1.46
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -1 | 3 | -3 | -1 | -0 | -0 | |
| Cash from Investing | 0 | -0 | -0 | -6 | 2 | -0 |
| Cash from Financing | 1 | -1 | 2 | 8 | -1 | -0 |
| 1 | 2 | -1 | 1 | 1 | -1 | |
| Free Cash Flow | -1 | 3 | -3 | -1 | -0 | -0 |
| OCF / Net Profit | -3.04 | 1.21 | -1.57 | 0.89 | 0.06 | 0.16 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -2 |
| OCF / Net Profit | -3.04 | 1.21 | -1.57 | 0.89 | 0.06 | 0.16 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -2 |
Mar 2021
- -1
- Cash from Investing
- 0
- Cash from Financing
- 1
- 1
- Free Cash Flow
- -1
- OCF / Net Profit
- -3.04
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -3.04
- Cumulative 5-Year FCF
- 0
Mar 2022
- 3
- Cash from Investing
- -0
- Cash from Financing
- -1
- 2
- Free Cash Flow
- 3
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 0
Mar 2023
- -3
- Cash from Investing
- -0
- Cash from Financing
- 2
- -1
- Free Cash Flow
- -3
- OCF / Net Profit
- -1.57
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.57
- Cumulative 5-Year FCF
- 0
Mar 2024
- -1
- Cash from Investing
- -6
- Cash from Financing
- 8
- 1
- Free Cash Flow
- -1
- OCF / Net Profit
- 0.89
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.89
- Cumulative 5-Year FCF
- 0
Mar 2025
- -0
- Cash from Investing
- 2
- Cash from Financing
- -1
- 1
- Free Cash Flow
- -0
- OCF / Net Profit
- 0.06
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.06
- Cumulative 5-Year FCF
- 0
Mar 2026
- -0
- Cash from Investing
- -0
- Cash from Financing
- -0
- -1
- Free Cash Flow
- -0
- OCF / Net Profit
- 0.16
- Cumulative 5-Year FCF
- -2
- OCF / Net Profit
- 0.16
- Cumulative 5-Year FCF
- -2
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - |
| EPS (₹) | 1.93 | 21.79 | 14.70 | -0.74 | -1.94 | -0.95 |
| Book Value (₹) | -34.38 | -11.53 | 3.17 | 4.46 | 2.39 | 1.46 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 0.33 | 3.24 | 2.30 | -0.67 | -1.90 | -0.92 |
| PROFITABILITY | - | - | - | - | - | - |
| Operating Margin % | 3.46% | 11.66% | 8.24% | -7.54% | -17.01% | -13.09% |
| Net Margin % | 1.68% | 8.37% | 5.28% | -5.92% | -15.36% | -8.13% |
| ROE % | 0.00% | 0.00% | 0.00% | -31.82% | -56.79% | -49.50% |
| ROCE % | 0.00% | 790.39% | 81.41% | -16.21% | -43.60% | -35.16% |
| 3.11% | 25.99% | 13.26% | -9.53% | -25.48% | -16.15% | |
| EFFICIENCY | - | - | - | - | - | - |
| Debtor Days | 19 | 8 | 10 | 11 | 5 | 3 |
| Inventory Days | 71 | 49 | 70 | 87 | 57 | 34 |
| Payable Days | 267 | 199 | 180 | 223 | 105 | 102 |
| -177 | -143 | -99 | -125 | -44 | -64 | |
| FINANCIAL HEALTH | - | - | - | - | - | - |
| Debt to Equity (x) | -0.47x | -0.66x | 5.74x | 0.14x | 0.14x | 0.18x |
| Interest Coverage (x) | 0.93x | 4.29x | 3.10x | -6.56x | -48.04x | -57.58x |
| 0.64x | 0.92x | 1.06x | 2.07x | 1.79x | 1.50x | |
| GROWTH | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 126.33% | 7.05% | -20.13% | 1.53% | -7.50% |
| Operating Profit Growth % | 0.00% | 662.55% | -24.28% | -163.28% | -128.39% | 55.80% |
| Net Profit Growth % | 0.00% | 1030.70% | -32.54% | -189.62% | -163.37% | 51.04% |
| 0.00% | 0.00% | 0.00% | -105.02% | -163.34% | 51.04% | |
| VALUATION | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 4.58x | 2.68x | 3.42x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | -24.06x | -2.62x | -4.23x |
Mar 2021
- EPS (₹)
- 1.93
- Book Value (₹)
- -34.38
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.33
- Operating Margin %
- 3.46%
- Net Margin %
- 1.68%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- 3.11%
- Debtor Days
- 19
- Inventory Days
- 71
- Payable Days
- 267
- -177
- Debt to Equity (x)
- -0.47x
- Interest Coverage (x)
- 0.93x
- 0.64x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 21.79
- Book Value (₹)
- -11.53
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.24
- Operating Margin %
- 11.66%
- Net Margin %
- 8.37%
- ROE %
- 0.00%
- ROCE %
- 790.39%
- 25.99%
- Debtor Days
- 8
- Inventory Days
- 49
- Payable Days
- 199
- -143
- Debt to Equity (x)
- -0.66x
- Interest Coverage (x)
- 4.29x
- 0.92x
- Revenue Growth %
- 126.33%
- Operating Profit Growth %
- 662.55%
- Net Profit Growth %
- 1030.70%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 14.70
- Book Value (₹)
- 3.17
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.30
- Operating Margin %
- 8.24%
- Net Margin %
- 5.28%
- ROE %
- 0.00%
- ROCE %
- 81.41%
- 13.26%
- Debtor Days
- 10
- Inventory Days
- 70
- Payable Days
- 180
- -99
- Debt to Equity (x)
- 5.74x
- Interest Coverage (x)
- 3.10x
- 1.06x
- Revenue Growth %
- 7.05%
- Operating Profit Growth %
- -24.28%
- Net Profit Growth %
- -32.54%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -0.74
- Book Value (₹)
- 4.46
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.67
- Operating Margin %
- -7.54%
- Net Margin %
- -5.92%
- ROE %
- -31.82%
- ROCE %
- -16.21%
- -9.53%
- Debtor Days
- 11
- Inventory Days
- 87
- Payable Days
- 223
- -125
- Debt to Equity (x)
- 0.14x
- Interest Coverage (x)
- -6.56x
- 2.07x
- Revenue Growth %
- -20.13%
- Operating Profit Growth %
- -163.28%
- Net Profit Growth %
- -189.62%
- -105.02%
- P/E (x)
- 0.00x
- P/B (x)
- 4.58x
- Dividend Yield %
- 0.00%
- -24.06x
Mar 2025
- EPS (₹)
- -1.94
- Book Value (₹)
- 2.39
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.90
- Operating Margin %
- -17.01%
- Net Margin %
- -15.36%
- ROE %
- -56.79%
- ROCE %
- -43.60%
- -25.48%
- Debtor Days
- 5
- Inventory Days
- 57
- Payable Days
- 105
- -44
- Debt to Equity (x)
- 0.14x
- Interest Coverage (x)
- -48.04x
- 1.79x
- Revenue Growth %
- 1.53%
- Operating Profit Growth %
- -128.39%
- Net Profit Growth %
- -163.37%
- -163.34%
- P/E (x)
- 0.00x
- P/B (x)
- 2.68x
- Dividend Yield %
- 0.00%
- -2.62x
Mar 2026
- EPS (₹)
- -0.95
- Book Value (₹)
- 1.46
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.92
- Operating Margin %
- -13.09%
- Net Margin %
- -8.13%
- ROE %
- -49.50%
- ROCE %
- -35.16%
- -16.15%
- Debtor Days
- 3
- Inventory Days
- 34
- Payable Days
- 102
- -64
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- -57.58x
- 1.50x
- Revenue Growth %
- -7.50%
- Operating Profit Growth %
- 55.80%
- Net Profit Growth %
- 51.04%
- 51.04%
- P/E (x)
- 0.00x
- P/B (x)
- 3.42x
- Dividend Yield %
- 0.00%
- -4.23x
Documents
Announcements
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Annual Reports
Credit Ratings
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Concalls
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