Net Avenue Technologies Ltd.
•₹ 50%
2026-08-21
PROS
- Promoters have been increasing their shareholding - up 4.4pp over 2 years
- Company maintains a comfortable, low leverage position
CONS
- Company is loss-making at the operating / net level
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Interest coverage is weak at -54.2x - earnings barely cover interest
- Company has a low return on equity of -38.2% over last 3 years
- Company has a low return on capital employed of -25.9%
* 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 | 327.60 | 730.13 | 316145.49 | 0.00 | 92.00 | 268.00 | 20211.00 | 182.00 | 3.29 | 2.94 |
| 2. | NYKAA | 334.50 | 374.05 | 95804.61 | 0.00 | 79.76 | 225.95 | 2782.00 | 29.10 | 20.15 | 8.48 |
| 3. | MEESHO | 205.60 | 0.00 | 95060.59 | 0.00 | -1328.35 | -359.07 | 37128.11 | 1382.83 | -78.80 | -6.05 |
| 4. | SWIGGY | 282.25 | 0.00 | 77909.85 | 0.00 | -791.00 | 33.92 | 6812.00 | 37.31 | -27.59 | -9.56 |
| 5. | INDIAMART | 1742.50 | 21.24 | 10479.94 | 3.44 | 172.20 | 12.18 | 414.40 | 11.37 | 28.39 | 31.83 |
| 6. | FIRSTCRY | 196.35 | 0.00 | 10251.20 | 0.00 | -43.95 | 33.91 | 2106.23 | 13.08 | -1.65 | 2.83 |
| 7. | SHIPROCKET | 140.61 | 0.00 | 10230.47 | 0.00 | — | — | — | — | -3.02 | — |
| 8. | IBULLSLTD | 25.61 | 14.25 | 5972.78 | 0.00 | 1410.20 | 53516.67 | 3594.50 | — | 0.00 | 42.82 |
| 9. | MSTCLTD | 701.25 | 21.07 | 4936.80 | 2.24 | 58.22 | 37.50 | 94.24 | 21.71 | 60.68 | 61.36 |
| 10. | ISFT | 87.97 | 10.46 | 143.49 | 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
Standalone Figures in Rs. Crores / View Consolidated
No standalone quarterly results found
We don't have this information yet. Please check back later.
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 14 | 31 | 33 | 27 | 27 | 21 | |
| 14 | 29 | 31 | 28 | 31 | 24 | |
| Operating Profit | 1 | 4 | 3 | -1 | -3 | -1 |
| OPM % | 4 | 13 | 10 | -5 | -12 | -6 |
| Other Income | 1 | 2 | 1 | 0 | 1 | 2 |
| Interest | 1 | 1 | 1 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| -0 | 3 | 2 | -2 | -3 | -2 | |
| Tax % | 7,958 | 3 | -1 | 0 | 0 | 0 |
| Net Profit | 0 | 3 | 2 | -2 | -3 | -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
- 1
- OPM %
- 4
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- -0
- Tax %
- 7,958
- 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 %
- 13
- Other Income
- 2
- Interest
- 1
- Depreciation
- 0
- 3
- Tax %
- 3
- 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
- 31
- Operating Profit
- 3
- OPM %
- 10
- 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
- 28
- Operating Profit
- -1
- OPM %
- -5
- 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
- 31
- Operating Profit
- -3
- OPM %
- -12
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- -3
- Tax %
- 0
- Net Profit
- -3
- 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
- 21
- 24
- Operating Profit
- -1
- OPM %
- -6
- 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:
- 8%
- 3 Years:
- -15%
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:
- -23%
- 3 Years:
- -38%
- Last Year:
- -32%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - |
| Equity Capital | 0 | 0 | 0 | 2 | 2 | 2 |
| -5 | -2 | 0 | 7 | 3 | 2 | |
| 2 | 1 | 3 | 1 | 1 | 1 | |
| Trade Payables | 4 | 5 | 5 | 3 | 3 | 1 |
| 32 | 24 | 15 | 7 | 6 | 8 | |
| Total Liabilities | 34 | 28 | 23 | 20 | 15 | 14 |
| ASSETS | - | - | - | - | - | - |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 5 | 4 | 4 | |
| 3 | 6 | 7 | 6 | 3 | 2 | |
| 0 | 0 | 0 | 0 | 0 | 1 | |
| Cash & Bank | 1 | 3 | 2 | 3 | 3 | 4 |
| 30 | 19 | 13 | 6 | 4 | 4 | |
| Total Assets | 34 | 28 | 23 | 20 | 15 | 14 |
| Total Debt | 2 | 1 | 3 | 1 | 1 | 1 |
| Net Working Capital | -4 | -1 | 1 | 9 | 6 | 5 |
| Contingent Liabilities | 0 | 0 | 0 | 3 | 1 | 1 |
| Book Value per Share | -37.90 | -13.54 | 1.94 | 4.33 | 2.58 | 1.90 |
| 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 | -4 | -1 | 1 | 9 | 6 | 5 |
| Contingent Liabilities | 0 | 0 | 0 | 3 | 1 | 1 |
| Book Value per Share | -37.90 | -13.54 | 1.94 | 4.33 | 2.58 | 1.90 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2021
- Equity Capital
- 0
- -5
- 2
- Trade Payables
- 4
- 32
- Total Liabilities
- 34
- 0
- 0
- 3
- 0
- Cash & Bank
- 1
- 30
- Total Assets
- 34
- Total Debt
- 2
- Net Working Capital
- -4
- Contingent Liabilities
- 0
- Book Value per Share
- -37.90
- Face Value
- 1.00
- Total Debt
- 2
- Net Working Capital
- -4
- Contingent Liabilities
- 0
- Book Value per Share
- -37.90
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 0
- -2
- 1
- Trade Payables
- 5
- 24
- Total Liabilities
- 28
- 0
- 0
- 6
- 0
- Cash & Bank
- 3
- 19
- Total Assets
- 28
- Total Debt
- 1
- Net Working Capital
- -1
- Contingent Liabilities
- 0
- Book Value per Share
- -13.54
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- -1
- Contingent Liabilities
- 0
- Book Value per Share
- -13.54
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 0
- 0
- 3
- Trade Payables
- 5
- 15
- Total Liabilities
- 23
- 0
- 0
- 7
- 0
- Cash & Bank
- 2
- 13
- Total Assets
- 23
- Total Debt
- 3
- Net Working Capital
- 1
- Contingent Liabilities
- 0
- Book Value per Share
- 1.94
- Face Value
- 1.00
- Total Debt
- 3
- Net Working Capital
- 1
- Contingent Liabilities
- 0
- Book Value per Share
- 1.94
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 2
- 7
- 1
- Trade Payables
- 3
- 7
- Total Liabilities
- 20
- 0
- 5
- 6
- 0
- Cash & Bank
- 3
- 6
- Total Assets
- 20
- Total Debt
- 1
- Net Working Capital
- 9
- Contingent Liabilities
- 3
- Book Value per Share
- 4.33
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- 9
- Contingent Liabilities
- 3
- Book Value per Share
- 4.33
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 2
- 3
- 1
- Trade Payables
- 3
- 6
- Total Liabilities
- 15
- 0
- 4
- 3
- 0
- Cash & Bank
- 3
- 4
- Total Assets
- 15
- Total Debt
- 1
- Net Working Capital
- 6
- Contingent Liabilities
- 1
- Book Value per Share
- 2.58
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- 6
- Contingent Liabilities
- 1
- Book Value per Share
- 2.58
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 2
- 2
- 1
- Trade Payables
- 1
- 8
- Total Liabilities
- 14
- 0
- 4
- 2
- 1
- Cash & Bank
- 4
- 4
- Total Assets
- 14
- Total Debt
- 1
- Net Working Capital
- 5
- Contingent Liabilities
- 1
- Book Value per Share
- 1.90
- Face Value
- 1.00
- Total Debt
- 1
- Net Working Capital
- 5
- Contingent Liabilities
- 1
- Book Value per Share
- 1.90
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -1 | 3 | -2 | -2 | -0 | -0 | |
| Cash from Investing | 0 | -0 | -0 | -6 | 2 | -0 |
| Cash from Financing | 1 | -1 | 2 | 8 | -1 | -0 |
| 1 | 2 | -1 | 0 | 1 | -0 | |
| Free Cash Flow | -1 | 3 | -3 | -2 | -0 | -0 |
| OCF / Net Profit | -3.00 | 1.01 | -1.29 | 0.99 | 0.08 | 0.02 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -2 |
| OCF / Net Profit | -3.00 | 1.01 | -1.29 | 0.99 | 0.08 | 0.02 |
| 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
- -3.00
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -3.00
- Cumulative 5-Year FCF
- 0
Mar 2022
- 3
- Cash from Investing
- -0
- Cash from Financing
- -1
- 2
- Free Cash Flow
- 3
- OCF / Net Profit
- 1.01
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.01
- Cumulative 5-Year FCF
- 0
Mar 2023
- -2
- Cash from Investing
- -0
- Cash from Financing
- 2
- -1
- Free Cash Flow
- -3
- OCF / Net Profit
- -1.29
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.29
- Cumulative 5-Year FCF
- 0
Mar 2024
- -2
- Cash from Investing
- -6
- Cash from Financing
- 8
- 0
- Free Cash Flow
- -2
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- 0
Mar 2025
- -0
- Cash from Investing
- 2
- Cash from Financing
- -1
- 1
- Free Cash Flow
- -0
- OCF / Net Profit
- 0.08
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.08
- Cumulative 5-Year FCF
- 0
Mar 2026
- -0
- Cash from Investing
- -0
- Cash from Financing
- -0
- -0
- Free Cash Flow
- -0
- OCF / Net Profit
- 0.02
- Cumulative 5-Year FCF
- -2
- OCF / Net Profit
- 0.02
- Cumulative 5-Year FCF
- -2
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - |
| EPS (₹) | 2.16 | 23.30 | 15.47 | -0.81 | -1.61 | -0.71 |
| Book Value (₹) | -37.90 | -13.54 | 1.94 | 4.33 | 2.58 | 1.90 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 0.36 | 3.45 | 2.41 | -0.74 | -1.57 | -0.68 |
| PROFITABILITY | - | - | - | - | - | - |
| Operating Margin % | 4.33% | 13.12% | 9.66% | -6.25% | -14.40% | -13.54% |
| Net Margin % | 1.88% | 8.95% | 5.55% | -6.46% | -12.72% | -7.33% |
| ROE % | 0.00% | 0.00% | 0.00% | -36.32% | -46.62% | -31.65% |
| ROCE % | 0.00% | 3430.49% | 102.48% | -18.68% | -35.79% | -23.37% |
| 0.77% | 9.04% | 7.33% | -8.02% | -19.63% | -10.38% | |
| EFFICIENCY | - | - | - | - | - | - |
| Debtor Days | 19 | 7 | 10 | 11 | 5 | 12 |
| Inventory Days | 71 | 49 | 70 | 87 | 57 | 42 |
| Payable Days | 277 | 198 | 178 | 245 | 121 | 105 |
| -188 | -142 | -97 | -146 | -59 | -51 | |
| FINANCIAL HEALTH | - | - | - | - | - | - |
| Debt to Equity (x) | -0.43x | -0.55x | 8.27x | 0.15x | 0.13x | 0.14x |
| Interest Coverage (x) | 0.99x | 3.63x | 2.52x | -8.34x | -43.28x | -54.19x |
| 0.89x | 0.96x | 1.03x | 1.89x | 1.75x | 1.51x | |
| GROWTH | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 126.33% | 7.05% | -20.13% | 1.53% | -23.63% |
| Operating Profit Growth % | 0.00% | 585.02% | -21.22% | -143.36% | -134.08% | 61.93% |
| Net Profit Growth % | 0.00% | 978.40% | -33.59% | -192.89% | -99.99% | 56.00% |
| 0.00% | 0.00% | 0.00% | -105.20% | -99.99% | 56.00% | |
| 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 | 4.73x | 2.48x | 2.64x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | -30.37x | -3.36x | -6.20x |
Mar 2021
- EPS (₹)
- 2.16
- Book Value (₹)
- -37.90
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.36
- Operating Margin %
- 4.33%
- Net Margin %
- 1.88%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- 0.77%
- Debtor Days
- 19
- Inventory Days
- 71
- Payable Days
- 277
- -188
- Debt to Equity (x)
- -0.43x
- Interest Coverage (x)
- 0.99x
- 0.89x
- 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 (₹)
- 23.30
- Book Value (₹)
- -13.54
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.45
- Operating Margin %
- 13.12%
- Net Margin %
- 8.95%
- ROE %
- 0.00%
- ROCE %
- 3430.49%
- 9.04%
- Debtor Days
- 7
- Inventory Days
- 49
- Payable Days
- 198
- -142
- Debt to Equity (x)
- -0.55x
- Interest Coverage (x)
- 3.63x
- 0.96x
- Revenue Growth %
- 126.33%
- Operating Profit Growth %
- 585.02%
- Net Profit Growth %
- 978.40%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 15.47
- Book Value (₹)
- 1.94
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.41
- Operating Margin %
- 9.66%
- Net Margin %
- 5.55%
- ROE %
- 0.00%
- ROCE %
- 102.48%
- 7.33%
- Debtor Days
- 10
- Inventory Days
- 70
- Payable Days
- 178
- -97
- Debt to Equity (x)
- 8.27x
- Interest Coverage (x)
- 2.52x
- 1.03x
- Revenue Growth %
- 7.05%
- Operating Profit Growth %
- -21.22%
- Net Profit Growth %
- -33.59%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -0.81
- Book Value (₹)
- 4.33
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.74
- Operating Margin %
- -6.25%
- Net Margin %
- -6.46%
- ROE %
- -36.32%
- ROCE %
- -18.68%
- -8.02%
- Debtor Days
- 11
- Inventory Days
- 87
- Payable Days
- 245
- -146
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- -8.34x
- 1.89x
- Revenue Growth %
- -20.13%
- Operating Profit Growth %
- -143.36%
- Net Profit Growth %
- -192.89%
- -105.20%
- P/E (x)
- 0.00x
- P/B (x)
- 4.73x
- Dividend Yield %
- 0.00%
- -30.37x
Mar 2025
- EPS (₹)
- -1.61
- Book Value (₹)
- 2.58
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.57
- Operating Margin %
- -14.40%
- Net Margin %
- -12.72%
- ROE %
- -46.62%
- ROCE %
- -35.79%
- -19.63%
- Debtor Days
- 5
- Inventory Days
- 57
- Payable Days
- 121
- -59
- Debt to Equity (x)
- 0.13x
- Interest Coverage (x)
- -43.28x
- 1.75x
- Revenue Growth %
- 1.53%
- Operating Profit Growth %
- -134.08%
- Net Profit Growth %
- -99.99%
- -99.99%
- P/E (x)
- 0.00x
- P/B (x)
- 2.48x
- Dividend Yield %
- 0.00%
- -3.36x
Mar 2026
- EPS (₹)
- -0.71
- Book Value (₹)
- 1.90
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.68
- Operating Margin %
- -13.54%
- Net Margin %
- -7.33%
- ROE %
- -31.65%
- ROCE %
- -23.37%
- -10.38%
- Debtor Days
- 12
- Inventory Days
- 42
- Payable Days
- 105
- -51
- Debt to Equity (x)
- 0.14x
- Interest Coverage (x)
- -54.19x
- 1.51x
- Revenue Growth %
- -23.63%
- Operating Profit Growth %
- 61.93%
- Net Profit Growth %
- 56.00%
- 56.00%
- P/E (x)
- 0.00x
- P/B (x)
- 2.64x
- Dividend Yield %
- 0.00%
- -6.20x
Documents
Announcements
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Annual Reports
Credit Ratings
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Concalls
Nothing filed yet.