Net Avenue

What does Net Avenue do?

Net Avenue Technologies Ltd is a Micro Cap company in the Garments & Apparels industry, recently converted to a Public Limited Company. It has no reported sales or profits for the latest quarter and a market cap of Rs 13 Cr.

Overview: <BR>Net Avenue Technologies Ltd operates in the Garments & Apparels industry and is 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." The company later converted to a Public Limited Company, changing its name to "Net Avenue Technologies Limited" on September 22, 2023. There is no sales or profit data reported for the latest quarter.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: N/A <BR>Market-cap value: Rs 13 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: N/A <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.70 <BR>Return on Equity: -37.24% <BR>Price-to-Book: 1.42 <BR><BR>Contact Details: <BR>No Company Details Available <BR>Registrar Address: Not available.

Who are in the management team of Net Avenue?

As of March 2023, 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 (Independent Director), Riya Jain (Independent Director), and Dadwani Bhumisha Darshan (Company Secretary & Compliance Officer). They are responsible for overseeing the company's operations and governance.

As of March 2023, 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>These members play various roles in overseeing the company's operations and governance.

When is the next results date for Net Avenue?

No Upcoming Board Meetings

Has Net Avenue declared dividend?

No Dividend History Available

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.

Who are the peers of the Net Avenue?

Net Avenue's peers include Jindal Cotex Ltd, Alps Industries, and Davin Sons Reta, among others. While Davin Sons Reta shows excellent management and growth, Net Avenue has below-average management risk and the lowest 1-year return at -69.60%.

Peers: The peers of Net Avenue are Jindal Cotex Ltd, Alps Industries, Rajas. Petro Syn, Davin Sons Reta, RLF, Sheshadri Indus., Kakatiya Textile, GTN Textiles, United Leasing, and Jayatma Industri.<BR><BR>Quality Snapshot: Excellent management risk is observed at Davin Sons Reta, while Average management risk is found at Net Avenue. Below Average management risk is noted for Jindal Cotex Ltd, RLF, GTN Textiles, and Jayatma Industri. Growth is Excellent at Davin Sons Reta, Below Average at Net Avenue, Jindal Cotex Ltd, RLF, and GTN Textiles, and does not qualify for Alps Industries, Rajas. Petro Syn, Sheshadri Indus., and Kakatiya Textile. Capital Structure is Average at Davin Sons Reta, Below Average at Net Avenue, Jindal Cotex Ltd, RLF, GTN Textiles, and Jayatma Industri, and does not qualify for Alps Industries, Rajas. Petro Syn, Sheshadri Indus., and Kakatiya Textile.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Davin Sons Reta at 0.00%, while Net Avenue has the lowest at -69.60%. Net Avenue's 1-year return is significantly worse than all peers. Additionally, the six-month return is negative for Net Avenue at -53.05%.

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.

How big is Net Avenue?

As of 23rd July, Net Avenue Technologies Ltd has a market capitalization of 11.00 Cr, with recent net sales of 7.60 Cr and a net profit of 0.94 Cr for the quarter ending June 2023.

As of 23rd July, <BR><BR>Market Cap: Net Avenue Technologies Ltd has a market capitalization of 11.00 Cr and is 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: As of March 2024, the Shareholder's Funds stand at 1,044.89 Cr, while the Total Assets amount to 1,922.86 Cr.

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.

Why is Net Avenue Technologies Ltd falling/rising?

As of 02-Jun, the stock price of Net Avenue Technologies Ltd is declining, currently at 4.10, with a significant underperformance compared to the Sensex and negative trends in moving averages. Despite a year-to-date gain of +7.89%, the stock has dropped -33.87% over the past year, indicating ongoing challenges for the company.

As of 02-Jun, the stock price of Net Avenue Technologies Ltd is falling, currently at 4.10, which reflects a change of -0.2 or -4.65%. This decline is evident in the stock's performance over various periods; it has underperformed significantly compared to the benchmark Sensex, with a 1-week drop of -7.87% against -1.80% for the Sensex, and a 1-month decrease of -17.17% compared to -2.14% for the benchmark. Furthermore, the stock has consistently traded lower than its moving averages across all time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend.<BR><BR>Despite a rise in investor participation, with a delivery volume increase of 25% on June 1, the overall market sentiment remains negative, contributing to the stock's decline. Year-to-date, the stock has shown a modest gain of +7.89%, but this is overshadowed by a significant 1-year drop of -33.87%, which further reflects the ongoing challenges faced by the company. Overall, the combination of poor short-term performance, underperformance against the benchmark, and negative trends in moving averages are key factors contributing to the falling stock price of Net Avenue Technologies Ltd.

Which are the latest news on Net Avenue?