Net Avenue

Why is Net Avenue Technologies Ltd falling/rising?

As of 18-Jul, the stock price of Net Avenue Technologies Ltd is stable at 6.35, with significant gains over various periods, including a 67.11% year-to-date increase. However, recent declines in trading volume and underperformance against its sector suggest a cautious outlook among investors.

As of 18-Jul, the stock price of Net Avenue Technologies Ltd is currently stable at 6.35, showing no change (0.00%). Despite this stability in price, the stock has demonstrated significant positive performance over various periods. For instance, over the past week, it has risen by 3.25%, and over the past month, it has increased by an impressive 49.41%. Year-to-date, the stock has gained 67.11%, contrasting sharply with the Sensex, which has declined by 6.87% during the same period.<BR><BR>However, it is important to note that today, the stock has underperformed its sector by 1.48%. Additionally, there has been a noticeable decline in investor participation, with delivery volume on 16 July falling by 44.44% compared to the 5-day average. This decline in trading activity could indicate a lack of interest or confidence among investors, which may affect future price movements.<BR><BR>On a positive note, the stock is trading above its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally upward trend in price over the longer term. Despite the current stability in price, these mixed signals indicate that while the stock has performed well historically, recent declines in trading volume and sector performance may be contributing to a cautious outlook among investors.

Which are the latest news on Net Avenue?

What does Net Avenue do?

Net Avenue Technologies Ltd is a Micro Cap company specializing in online direct-to-consumer sales of Indian ethnic wear and accessories. It was incorporated in 2001 and became a public company in 2023, with a market cap of INR 9 Cr.

Overview: <BR>Net Avenue Technologies Ltd is engaged in the online digital direct-to-consumer business for Indian Ethnic wear and accessories, operating within the Garments & Apparels industry and classified as a Micro Cap company.<BR><BR>History: <BR>Net Avenue Technologies Ltd was originally incorporated on June 07, 2001, as "Net Avenue Technologies Private Limited." It later converted into a Public Limited company, with the name changed to "Net Avenue Technologies Limited" on September 22, 2023. Revenue and profit data for the latest quarter are not available.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: N/A <BR>Market-cap value: INR 9 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 20 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -1.77 <BR>Return on Equity: -46.35% <BR>Price-to-Book: 2.16<BR><BR>Contact Details: <BR>No Company Details Available <BR>Registrar Address: Not available.

How big is Net Avenue?

As of 10th June, Net Avenue Technologies Ltd has a market capitalization of 9.00 Cr and reported net sales of 7.60 Cr with a net profit of 0.94 Cr for the latest quarter.

As of 10th June, <BR><BR>Market Cap: Net Avenue Technologies Ltd has a market capitalization of 9.00 Cr, classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: For the latest quarter ending in June 2023, the company reported Net Sales of 7.60 Cr and a Net Profit of 0.94 Cr.<BR><BR>Balance Sheet Snapshot: The latest reporting period is March 2024, during which Shareholder's Funds amounted to 10.45 Cr and Total Assets were valued at 19.27 Cr.

Who are in the management team of Net Avenue?

The management team of Net Avenue includes Rajesh Nahar (Chairman & Managing Director), Ritesh Katariya (Whole-time Director), Khivraj Naresh Kumar (Non-Executive Director), Murali Rajagopalachari and Riya Jain (Independent Directors), and Dadwani Bhumisha Darshan (Company Secretary & Compliance Officer).

The management team of Net Avenue includes the following individuals:<BR><BR>1. **Rajesh Nahar** - Chairman & Managing Director<BR>2. **Ritesh Katariya** - Whole-time Director<BR>3. **Khivraj Naresh Kumar** - Non-Executive Director<BR>4. **Murali Rajagopalachari** - Independent Director<BR>5. **Riya Jain** - Independent Director<BR>6. **Dadwani Bhumisha Darshan** - Company Secretary & Compliance Officer<BR><BR>If you have any more questions about the company or its operations, feel free to ask!

Who are the peers of the Net Avenue?

Net Avenue's peers include Kalahridhaan Tre, Sheshadri Indus., Haria Apparels, Eureka Industrie, RLF, GTN Textiles, Nutech Global, Pasari Spinning, and Sri Lak.Sar.Arni, with varying management risks and growth ratings. Haria Apparels has the highest 1-year return at 0.00%, while Kalahridhaan Tre has the lowest at -44.25%, and Net Avenue's return is -30.17%.

Peers: The peers of Net Avenue are Kalahridhaan Tre, Sheshadri Indus., Haria Apparels, Eureka Industrie, RLF, GTN Textiles, Nutech Global, Pasari Spinning, and Sri Lak.Sar.Arni.<BR><BR>Quality Snapshot: Below Average management risk is observed at Net Avenue, Eureka Industrie, RLF, GTN Textiles, Nutech Global, and Sri Lak.Sar.Arni, while Average management risk is found at Kalahridhaan Tre and Haria Apparels. Sheshadri Indus. and Pasari Spinning do not qualify for management risk assessment. Growth is rated as Good for Kalahridhaan Tre, Average for Haria Apparels, and does not qualify for Sheshadri Indus. and Pasari Spinning, while the rest have Below Average growth. Capital Structure is Below Average for Net Avenue, Haria Apparels, Eureka Industrie, RLF, GTN Textiles, Nutech Global, and Sri Lak.Sar.Arni, while Sheshadri Indus. and Pasari Spinning do not qualify.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Haria Apparels at 0.00%, while the lowest is Kalahridhaan Tre at -44.25%. Net Avenue's 1-year return is -30.17%, which is better than Kalahridhaan Tre but worse than Haria Apparels. Additionally, the six-month return is negative for Net Avenue, Kalahridhaan Tre, and the rest of the peers.

How has been the historical performance of Net Avenue?

Net Avenue has experienced declining net sales and profitability over the past three years, with significant losses reported in the most recent fiscal year, including a drop in operating profit and earnings per share. Total liabilities and assets increased, while cash flow from operating activities remained negative.

Answer:<BR>The historical performance of Net Avenue shows a decline in net sales and profitability over the past three years, culminating in a significant loss in the most recent fiscal year.<BR><BR>Breakdown:<BR>Net Avenue's net sales decreased from 33.44 Cr in Mar'23 to 26.71 Cr in Mar'24, and further to 27.11 Cr in Mar'25. Total operating income mirrored this trend, dropping from 33.44 Cr in Mar'23 to 26.71 Cr in Mar'24, and slightly increasing to 27.11 Cr in Mar'25. The company's total expenditure, excluding depreciation, was 34.30 Cr in Mar'23, reduced to 28.75 Cr in Mar'24, but rose again to 31.74 Cr in Mar'25. Operating profit (PBDIT) fell from a profit of 2.03 Cr in Mar'23 to a loss of 1.77 Cr in Mar'24, worsening to a loss of 4.00 Cr in Mar'25. Consequently, the profit before tax transitioned from a profit of 1.78 Cr in Mar'23 to losses of 1.58 Cr in Mar'24 and 4.16 Cr in Mar'25. The consolidated net profit followed suit, moving from a profit of 1.78 Cr in Mar'23 to losses of 1.58 Cr in Mar'24 and 4.16 Cr in Mar'25. The earnings per share (EPS) reflected this downturn, dropping from 1.16 in Mar'23 to -0.74 in Mar'24 and further to -1.94 in Mar'25. On the balance sheet, total liabilities increased from 1,461.26 Cr in Mar'23 to 1,922.86 Cr in Mar'24, while total assets also rose from 1,461.26 Cr to 1,922.86 Cr in the same period. Cash flow from operating activities showed a negative trend, with -1.00 Cr in Mar'24 and a net cash inflow of 0.00 Cr in Mar'24. Overall, Net Avenue's financial performance indicates a challenging period with declining sales and increasing losses.

Who are the top shareholders of the Net Avenue?

The top shareholders of Net Avenue are Ritesh Katariya with 16.64%, Inventus Capital Partners Mauritius Limited at 10.12%, and individual investors collectively holding 30.44%. There are no mutual funds or foreign institutional investors involved.

The top shareholders of Net Avenue include Ritesh Katariya, who holds the highest promoter stake at 16.64%. The highest public shareholder is Inventus Capital Partners Mauritius Limited, with a holding of 10.12%. Additionally, individual investors collectively hold 30.44% of the company's shares. There are no mutual funds or foreign institutional investors currently holding shares in the company.

Is Net Avenue overvalued or undervalued?

As of May 30, 2025, Net Avenue is rated risky and overvalued due to troubling financial ratios, including a PE ratio of -3.64 and a year-to-date return of -50.6%, suggesting investors should exercise caution.

As of 30 May 2025, the valuation grade for Net Avenue has moved from does not qualify to risky, indicating a significant deterioration in its financial standing. The company is currently assessed as overvalued, given its troubling financial ratios, including a PE ratio of -3.64, an EV to EBIT of -1.50, and a ROCE of -145.55%. These figures starkly contrast with peers such as Tata Consultancy Services Ltd., which has a PE ratio of 25.23 and is rated attractive, and Infosys Ltd., rated fair with a PE of 24.32.<BR><BR>The stark negative ratios and the company's recent performance, with a year-to-date return of -50.6% compared to the Sensex's 6.24%, further reinforce the overvaluation narrative. With the current price at 6.15, Net Avenue's financial metrics suggest that investors should approach with caution, as the company's fundamentals do not support its market valuation.

What is the technical trend for Net Avenue?

As of May 3, 2025, Net Avenue's technical trend is mildly bearish, with mixed signals from indicators like the weekly MACD and monthly RSI suggesting some strength, while daily moving averages and Bollinger Bands indicate resistance.

As of 3 May 2025, the technical trend for Net Avenue has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly RSI is bullish, suggesting some underlying strength. However, the daily moving averages remain bearish, and the Bollinger Bands on a weekly basis are also bearish, indicating potential resistance. The KST and OBV on a weekly basis are mildly bullish, but the Dow Theory shows no trend in both weekly and monthly perspectives. Overall, the current technical stance is mildly bearish, with mixed signals across different indicators.

When is the next results date for Net Avenue?

No Upcoming Board Meetings

Has Net Avenue declared dividend?

No Dividend History Available