Net Avenue Technologies Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: CBAZAAR | e-Commerce | Small Cap

BSE Share Price
Not Listed

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Net Avenue Technologies stock performance -

mw4me loader
P/E Ratio (SA):
23.86
Market Cap:
44.3 Cr.
52-wk low:
0
52-wk high:
0

Is Net Avenue Technologies Ltd an attractive stock to invest in?

1. Is Net Avenue Technologies Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Net Avenue Technologies Ltd is a below average quality company.

2. Is Net Avenue Technologies Ltd undervalued or overvalued?

The key valuation ratios of Net Avenue Technologies Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Net Avenue Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Net Avenue Technologies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Net Avenue Tech.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Net Avenue Technologies Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%0%0%0%0%0%0%-75.3%3,046.1%90.6%-
Value Creation
Index
NANANANANANANA-6.4216.65.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 000000013.831.233.433
Sales YoY Gr.-NANANANANANANA126.3%7.1%-
Adj EPS 00000000.33.32.20.9
YoY Gr.-NANANANANANANA1224%-33.2%-
BVPS (₹) 0000000-5.4-1.90.35.6
Adj Net
Profit
00000000.22.81.92
Cash Flow from Ops. 0000000-0.82.8-2.4-
Debt/CF from Ops. 0000000-2.50.3-1.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA7.1%
Adj EPS NANANA-33.2%
BVPSNANANANA
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0000000-7.6-220.4156.529.7
Op. Profit
Mgn %
0000000-0.88.26.5NAN
Net Profit
Mgn %
00000001.58.95.65.6
Debt to
Equity
0000000-0.4-0.68.3-
Working Cap
Days
000000003372480
Cash Conv.
Cycle
00000000-10250

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 29.70%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 8.27

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Net Avenue Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 0.9 0.8
TTM Sales (₹ Cr.) 33.4 33.4
BVPS (₹.) 5.6 1
Reserves (₹ Cr.) 10 -
P/BV 3.71 20.65
PE 23.86 25.11
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 44.3
Equity (₹ Cr.) 2.2
Face Value (₹) 1
Industry PE 150.4

Management X-Ray of Net Avenue Tech.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Net Avenue Tech.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Sales13.8031.2333.44
Operating Expenses 13.9128.6631.26
Manufacturing Costs1.583.234.10
Material Costs5.418.5810.01
Employee Cost 2.864.094.87
Other Costs 4.0612.7612.27
Operating Profit -0.112.572.18
Operating Profit Margin (%) -0.8%8.2%6.5%
Other Income 0.711.531.05
Interest 0.561.101.21
Depreciation 0.040.100.17
Exceptional Items 000
Profit Before Tax 02.891.85
Tax -0.260.10-0.01
Profit After Tax 0.262.801.86
PAT Margin (%) 1.9%9.0%5.6%
Adjusted EPS (₹)0.33.32.2
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund -4.45-1.520.33
Share Capital 0.220.220.22
Reserves -4.67-1.740.11
Minority Interest000
Debt1.910.842.76
Long Term Debt000
Short Term Debt1.910.842.76
Trade Payables4.115.204.54
Others Liabilities 32.2923.5114.97
Total Liabilities 33.8628.0322.60

Fixed Assets

Gross Block2.262.482.81
Accumulated Depreciation2.102.202.37
Net Fixed Assets0.160.280.44
CWIP 000
Investments 000
Inventories2.695.687.23
Trade Receivables0.710.571.28
Cash Equivalents 1.122.671.84
Others Assets29.1818.8211.82
Total Assets 33.8628.0322.60

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Cash Flow From Operating Activity -0.782.82-2.40
PBT 02.891.85
Adjustment 0.250.140.32
Changes in Working Capital -1.02-0.22-4.47
Tax Paid 00-0.10
Cash Flow From Investing Activity 0.03-0.17-0.28
Capex -0.02-0.22-0.33
Net Investments 000
Others 0.050.050.06
Cash Flow From Financing Activity 1.33-1.111.85
Net Proceeds from Shares 000
Net Proceeds from Borrowing 000
Interest Paid -0.07-0.04-0.07
Dividend Paid 000
Others 1.40-1.071.92
Net Cash Flow 0.581.54-0.83
PARTICULARSMar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/A0
ROCE (%)N/AN/A102.48
Asset Turnover Ratio0.411.011.32
PAT to CFO Conversion(x)-31.01-1.29
Working Capital Days
Receivable Days19810
Inventory Days714970
Payable Days277198178

Net Avenue Technologies Ltd Stock News

Net Avenue Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Net Avenue Tech. on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Net Avenue Tech. stood at ₹44.30.
The latest P/E ratio of Net Avenue Tech. as of 01-Jan-1970 05:30 is 23.86.
The latest P/B ratio of Net Avenue Tech. as of 01-Jan-1970 05:30 is 3.71.
The 52-week high of Net Avenue Tech. is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Net Avenue Tech. is ₹33.44 ( Cr.) .

About Net Avenue Technologies Ltd

Net Avenue Technologies was originally incorporated on June 07, 2001 as ‘Net Avenue Technologies Private Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, Tamil Nadu. Subsequently the company was converted into Public Limited Company and name of company was changed from ‘Net Avenue Technologies Private Limited’ to ‘Net Avenue Technologies Limited’ vide fresh certificate of incorporation dated September 22, 2023 issued by the Registrar of Companies, Chennai.

Net Avenue Technologies is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories. The company also has presence in International cross-border e-commerce direct-to-consumer for its products. Its product range includes Indian ethnic wear and accessories for women, men, teens and kids. The company’s core business is to sell Indian Ethnic wear and accessories, primarily catering to the South Asian Diaspora, a segment it reaches through its website and mobile applications. Furthermore, the company extends its reach by distributing its products through various prominent Ecommerce platforms, including but not limited to Myntra, Nykaa, and Ajio, among others.

The company has crafted its business foundation through iterative innovation to enhance consumer satisfaction and optimise purchasing behaviour. The company acknowledges that the consumer's path to product selection often involves a substantial amount of time dedicated to exploration. Consequently, the company is committed to gaining insights into the decision-making process and providing support at crucial junctures throughout a consumer's journey on its platform. To this end, it has strategically integrated across multiple touchpoints, enabling it to engage consumers and curate personalised browsing and purchasing experiences that cater to the diverse needs of its valued customers.

Business area of the company 

The company is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories. The company also has presence in International cross-border e-commerce direct-to-consumer for its products. Its product range includes Indian ethnic wear and accessories for women, men, teens and kids.

Products of the company 

  • Lehenga Choli
  • Salwar Kameez
  • Gowns
  • Kurtas
  • Sherwani
  • Kurta Sets
  • Kids wear
  • Accessories

History and milestones 

  • 2001-02: Incorporation of the company in the name and style of ‘Net Avenue Technologies Limited’.
  • 2017-18: Net Avenue launched its own private label brand, Ethnovog.
  • 2020: Cbazaar.com, owned by Net Avenue Technologies was rated as one of the best online shops in the United States.
  • 2022: Cbazaar.com, owned by Net Avenue Technologies was rated as one of the fastest growing brands in the United States.
  • 2023-24: Converted into Public Limited Company vide fresh certificate of incorporation dated September 22, 2023.

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