---
title: "Net Avenue Technologies Ltd (CBAZAAR) — Share Price, Financials & Analysis"
symbol: "CBAZAAR"
company: "Net Avenue Technologies Ltd"
canonical: "https://tapetide.com/stocks/CBAZAAR"
isin: "INE518X01015"
nse_symbol: "CBAZAAR"
sector: "Retail"
industry: "Ecommerce"
market_cap_cr: 9.65
generated_at: "2026-09-13T19:51:02.219Z"
---

# Net Avenue Technologies Ltd (CBAZAAR)

Canonical page: https://tapetide.com/stocks/CBAZAAR

## Company

- **NSE Symbol:** CBAZAAR
- **ISIN:** INE518X01015
- **Sector:** Retail
- **Industry:** Ecommerce
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2023-12-08
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** natl.in

## About

Incorporated in 2001, Net Avenue Technologies Ltd is in the business 
of selling Indian designer clothes and accessories online[1]

## Latest Price

- **Price:** ₹4.5
- **Change:** 0 (0%)
- **Open:** ₹4.5
- **Day High:** ₹4.5
- **Day Low:** ₹4.5
- **Previous Close:** ₹4.5
- **Volume:** 8000
- **As Of:** 2026-09-03T08:21:00+00:00

## Key Fundamentals

Observed at 2026-09-11T04:47:09.827747Z.

- **Market Cap:** ₹9.65 Cr
- **Classification:** SME
- **P/E (reported):** -4.8
- **Book Value:** ₹1.85
- **Price to Book:** 2.43
- **Dividend Yield:** 0%
- **ROE:** -67.39%
- **ROCE:** -62.55%
- **Debt to Equity:** 0.14
- **Revenue (yearly):** ₹25.08 Cr
- **Net Income:** ₹-2.04 Cr
- **EBITDA:** ₹-3.5 Cr
- **52-Week High:** ₹6.55
- **52-Week Low:** ₹3.05
- **RSI (14):** 32

## Tapetide Score

- **Score:** 40 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Falling
- **Percentile:** 14.5 (of 4473 scored stocks)
- **Confidence:** 93%
- **Data coverage:** 86%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 25.65 | 9% |
| growth | 34.55 | 9% |
| momentum | 1.1 | 12% |
| ownership | 55.68 | 24% |
| quality | 65.34 | 22% |
| valuation | 57.04 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Promoter holding has increased by 1.08% over last quarter.

### Weaknesses

- Company has low interest coverage ratio.
- Promoter holding is low: 38.6%
- Company has a low return on equity of -41.2% over last 3 years.
- Contingent liabilities of Rs.3.29 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 53.75% | -143.42% | -164.29% |
| ebitda margin growth | — | -8.93% | 99.7% | -249.21% |
| net income growth | -966.67% | -51.43% | 27.5% | -178.46% |
| revenue growth | 6.56% | -9.46% | -9% | 13% |
| roce | — | 382.27% | -184.52% | 70.84% |
| roe | — | 345.41% | 0.23% | 565.25% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 14.32 | 13.34 | 12.85 | 14.18 | 12.73 | 11.69 | 13.39 |
| Expenses | 16.41 | 13.6 | 15.07 | 16.98 | 14.77 | 13.06 | 15.34 |
| Operating Profit | -2.09 | -0.26 | -2.22 | -2.8 | -2.04 | -1.37 | -1.95 |
| OPM % | -14.59 | -1.95 | -17.28 | -19.75 | -16.03 | -11.72 | -14.56 |
| Other Income | 1.91 | 1.07 | 0.15 | 0.68 | 0.15 | 0.22 | 1.12 |
| Interest | 0.06 | 0.1 | 0.08 | 0.04 | 0.02 | 0 | 0 |
| Depreciation | 0.08 | 0.07 | 0.07 | 0.05 | 0.05 | 0.03 | 0.03 |
| Profit before tax | -0.32 | 0.64 | -2.22 | -2.21 | -1.96 | -1.18 | -0.86 |
| Tax % | 0 | 0 | 0 | 0.45 | -0.51 | 0 | 0 |
| Net Profit | -0.32 | 0.64 | -2.22 | -2.22 | -1.95 | -1.18 | -0.85 |
| EPS in Rs | -2.58 | 0.41 | -1.03 | -1.03 | -0.91 | -0.55 | -0.4 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 13.8 | 31.23 | 33.44 | 26.71 | 27.11 | 25.08 |
| Expenses | 14 | 29.12 | 33.54 | 28.72 | 31.73 | 28.4 |
| Operating Profit | -0.2 | 2.11 | -0.1 | -2.01 | -4.62 | -3.32 |
| OPM % | -1.45 | 6.76 | -0.3 | -7.53 | -17.04 | -13.24 |
| Other Income | 0.68 | 1.53 | 2.89 | 0.78 | 0.63 | 1.34 |
| Interest | 0.47 | 0.82 | 0.84 | 0.21 | 0.08 | 0 |
| Depreciation | 0.04 | 0.1 | 0.17 | 0.14 | 0.1 | 0.06 |
| Profit before tax | -0.03 | 2.72 | 1.78 | -1.58 | -4.17 | -2.04 |
| Tax % | -866.67 | 3.68 | 0 | 0 | 0 | 0 |
| Net Profit | 0.23 | 2.62 | 1.78 | -1.58 | -4.16 | -2.02 |
| EPS in Rs | 1.86 | 21.16 | 14.37 | -0.74 | -1.94 | -0.94 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.12 | 0.12 | 0.12 | 2.14 | 2.14 | 2.14 |
| Reserves | -2.51 | 0.2 | 1.92 | 8.31 | 4.04 | 1.83 |
| Borrowings | 2.01 | 0.94 | 2.77 | 1.38 | 0.7 | 0.55 |
| Other Liabilities | 9.15 | 14.47 | 10.86 | 7.43 | 6.53 | 7.31 |
| Total Liabilities | 8.77 | 15.73 | 15.67 | 19.26 | 13.41 | 11.83 |
| Fixed Assets | 0.16 | 0.28 | 0.44 | 0.35 | 0.27 | 0.25 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 5.23 | 3.73 | 3.74 |
| Other Assets | 8.61 | 15.45 | 15.23 | 13.68 | 9.41 | 7.84 |
| Total Assets | 8.77 | 15.73 | 15.67 | 19.26 | 13.41 | 11.83 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.7 | 3.17 | -0.76 | -4 | -1.85 | -0.33 |
| Cash from Investing Activity | 0.03 | -0.17 | -0.48 | -5.58 | 1.59 | -0.15 |
| Cash from Financing Activity | 1.33 | -1.11 | -0.07 | 10.23 | 0.86 | -0.16 |
| Net Cash Flow | 0.66 | 1.9 | -1.32 | 0.65 | 0.59 | -0.64 |
| Free Cash Flow | -0.72 | 2.95 | -1.09 | -4.04 | -1.87 | -0.37 |
| CFO/OP | 350 | 150 | 760 | 196 | 39 | 10 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 18.78 | 6.78 | 13.97 | 5.06 | 4.31 | 1.6 |
| Inventory Days | 253.68 | 359.9 | 256.55 | 348.55 | 120.14 | 95.94 |
| Days Payable | 267.17 | 230.57 | 156.78 | 165.1 | 101.85 | 76.13 |
| Cash Conversion Cycle | 5.29 | 136.1 | 113.74 | 188.51 | 22.6 | 21.42 |
| Working Capital Days | -98.39 | -17.3 | -3.27 | 7.65 | -30.97 | -1.6 |
| ROCE % | — | 804.55 | 86.33 | -22.6 | -43.72 | -32.63 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 45.31% | 33.28% | 33.28% | 33.28% | 33.28% | 33.28% | 33.28% | 33.28% | 34.23% | 37.53% | 38.61% |
| FIIs | 0% | 10.79% | 10.12% | 12.85% | 12.85% | 12.85% | 12.85% | 2.75% | 0% | 0% | 0% |
| DIIs | 0% | 10.99% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 19.14% | 22.31% | 28.76% | 29.32% | 30.44% | 30.81% | 34.84% | 38.21% | 33.19% | 32.67% |
| Others | 54.69% | 25.79% | 34.29% | 25.11% | 24.55% | 23.43% | 23.06% | 29.13% | 27.56% | 29.28% | 28.72% |
| No. of Shareholders | 15 | 291 | 328 | 398 | 423 | 437 | 431 | 509 | 503 | 476 | 456 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 5.09 | Sell |
| EMA (10) | 5.02 | Sell |
| SMA (20) | 5.69 | Sell |
| EMA (20) | 5.33 | Sell |
| SMA (50) | 5 | Sell |
| EMA (50) | 7.26 | Sell |
| SMA (100) | 14.03 | Sell |
| EMA (100) | 9.34 | Sell |
| SMA (200) | 9.01 | Sell |
| EMA (200) | 9.96 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 36.44 | Neutral |
| MACD (12,26,9) | -0.46 | Sell |
| Stochastic (14,3,3) | 0.88 | Buy |
| ADX (14) | 11.84 | Neutral |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 0.39 | High Volatility |
| ROC (12) | -30.23 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 28.35 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 Sep - Scrutinizer report submitted; 25th AGM resolutions passed with requisite majority. | [Shareholders meeting 7 Sep - Scrutinizer report submitted; 25th AGM resolutions passed with requisite majority.](https://nsearchives.nseindia.com/corporate/NATL_07092026124614_NATL_Scrutinizer_Report.pdf) |
| 6 Jul - Promoter group declared no share encumbrance for FY ended 31 March 2026. | [Disclosure under SEBI Takeover Regulations 6 Jul - Promoter group declared no share encumbrance for FY ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/team_sandeshc_30062026111200_NATL.pdf) |
| 5 Sep - 25th AGM held on 5 Sep 2026; financial statements adopted, director reappointment and remuneration items considered. | [Shareholders meeting 5 Sep - 25th AGM held on 5 Sep 2026; financial statements adopted, director reappointment and remuneration items considered.](https://nsearchives.nseindia.com/corporate/NATL_05092026225024_AGMProceeding.pdf) |
| 31 Jul - Ms. Megha Goyal appointed Company Secretary cum Compliance Officer effective 31.07.2026. | [Appointment 31 Jul - Ms. Megha Goyal appointed Company Secretary cum Compliance Officer effective 31.07.2026.](https://nsearchives.nseindia.com/corporate/NATL_31072026201455_NATL_CS.pdf) |
| 31 December 2025 - GST demand Rs29,10,044; interest Rs29,10,044; penalty Rs29,10,044 for Apr2018–Mar2023; company to appeal. | [Action(s) taken or orders passed 31 December 2025 - GST demand Rs29,10,044; interest Rs29,10,044; penalty Rs29,10,044 for Apr2018–Mar2023; company to appeal.](https://nsearchives.nseindia.com/corporate/NATL_31122025191120_NATL.pdf) |
| 30 May - Annual Secretarial Compliance Report not applicable for FY ended 31.03.2026. | [Updates 30 May - Annual Secretarial Compliance Report not applicable for FY ended 31.03.2026.](https://nsearchives.nseindia.com/corporate/NATL_30052026192648_ASCR_NA.pdf) |
| 29 May 2026 - Submitted SDD compliance certificate for year ended 31 March 2026; 4 events captured. | [Structural Digital Database 29 May 2026 - Submitted SDD compliance certificate for year ended 31 March 2026; 4 events captured.](https://nsearchives.nseindia.com/corporate/NATL_29052026171529_NATLSDD31032026.pdf) |
| 27 March 2026 - Trading window closed April 01, 2026 until 48 hours after results for year/half year ending March 31, 2026. | [Trading Window 27 March 2026 - Trading window closed April 01, 2026 until 48 hours after results for year/half year ending March 31, 2026.](https://nsearchives.nseindia.com/corporate/NATL_27032026122207_NATL_Trading_Window_Closure.pdf) |
| 27 Feb - Analyst/Institutional Investor Meeting - Disclosure Regulation 30 of the SEBI (LODR) Regulations, 2015, is enclosed. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 27 Feb - Analyst/Institutional Investor Meeting - Disclosure Regulation 30 of the SEBI (LODR) Regulations, 2015, is enclosed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9b53ff73-9bc5-4819-86b6-2f8aeb7f3441.pdf) |
| 26 Feb - Analyst/Institutional Investor Meeting - Disclosure Regulation 30 of the SEBI (LODR) Regulations, 2015, is enclosed. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 26 Feb - Analyst/Institutional Investor Meeting - Disclosure Regulation 30 of the SEBI (LODR) Regulations, 2015, is enclosed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0f66c089-5b5f-49f9-9812-1a948b8857f4.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4af0add3-f526-4614-98c7-ccf56181cb3c.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d6891f71-9279-4501-9618-df77d721eabd.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d279bd2a-9be9-4374-b05a-5ede7bb22212.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/78596f2f-03ef-45f7-9286-b5273ac9f0f5.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/96dd18dc-0094-49a7-8cf2-f9039ba4e15a.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2b257324-489b-4156-8e94-81e776f2e742.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e6229012-be70-430d-bedd-7a0e27837f48.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e9816262-f620-4369-9f94-87e2514a1952.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7890f6e0-b5f9-40f2-9add-2ce458569833.pdf) |
| Jan 2025 | [Concall - Jan 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ad2cf0e6-bda3-4d35-94e5-bbe1f4a228c3.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30318_CBAZAAR_2025_2026_A_14073112_13082026153320.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28579_CBAZAAR_2024_2025_A_7821766_05092025163055.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25923_CBAZAAR_2023_2024_05092024212115.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9118e315-8603-40b3-aece-b6b7f4b9e9d9.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/272ecd9e-3915-4e5b-927a-e26fb82809b5.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f18ce848-b49f-4a0c-94f6-8422692b1dc9.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/516072/73253516072.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/516072/68594516072.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/516072/5160720320.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/516072/5160720319.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:51:02.219Z.