CBAZAAR
Net Avenue Technologies financials
- Market cap
- ₹10 Cr
- Sector
- Consumer Services
What Net Avenue Technologies Ltd does
Net Avenue Technologies Ltd, trading as Cbazaar, sells Indian ethnic wear directly to consumers through its own websites cbazaar.com and ethnovog.com, taking orders from over 100 countries with the US, UK, Australia and Canada as primary markets. It lists both third-party vendor products (semi-stitched or readymade, customized to order) and its own hand-embroidered curated "RaiR" collection, routing orders through its Surat (Gujarat) fulfilment centre and outsourced tailoring units for quality check, stitching and a final quality check before shipping via international couriers. International orders are 100% prepaid, while the India market is served with a cash-on-delivery option.
Segments
- Third-party vendor products
- RaiR — exclusive curated collection
- Employees
- 58 (~22% women)
- Countries served
- 100+ countries
- Primary international markets
- United States, United Kingdom, Australia, Canada
- Fulfilment centre
- 1 (Surat, Gujarat) — quality check, stitching, dispatch
- Product categories
- 8 (Lehenga Choli, Salwar Kameez, Gowns, Kurtas, Sherwani, Kurta Sets, Kids wear, Accessories)
- Customized orders
- >50% of orders processed
Quarterly results
Q4 FY26: revenue up 4.2%, net profit up 61.7% against the same quarter last year.
| Line item | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 14 | 13 | 13 | 14 | 13 −11% | 12 −12% | 13 +4% |
| EBITDA | -2 | -0 | -2 | -3 | -2 +2% | -1 −427% | -2 +12% |
| Net profit | -0 | 1 | -2 | -2 | -2 −509% | -1 −284% | -1 +62% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +16.9% 1Y
1Y: ₹3.85 on 10 Sept 2025 → ₹4.5. High ₹6.55 (21 Jul 2026), low ₹3.2 (11 Nov 2025).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Reserves | ₹-3 Cr | ₹0 Cr | ₹2 Cr | ₹8 Cr | ₹3 Cr | ₹2 Cr |
| Borrowings | ₹2 Cr | ₹1 Cr | ₹3 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other liabilities | ₹9 Cr | ₹14 Cr | ₹11 Cr | ₹7 Cr | ₹6 Cr | ₹7 Cr |
| Total liabilities | ₹9 Cr | ₹16 Cr | ₹16 Cr | ₹19 Cr | ₹12 Cr | ₹12 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹5 Cr | ₹3 Cr | ₹4 Cr |
| Other assets | ₹9 Cr | ₹15 Cr | ₹15 Cr | ₹14 Cr | ₹8 Cr | ₹8 Cr |
| Total assets | ₹9 Cr | ₹16 Cr | ₹16 Cr | ₹19 Cr | ₹12 Cr | ₹12 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −12.85 pp while the public added +7.52 pp. The shareholder count grew 6% to 456.
- Promoters
- 38.6%
- Public
- 58.6%
- Others
- 2.8%
Since Jun 2025
- FIIs −12.85 pp
- Public +7.52 pp
- Promoters +5.33 pp
How it drifted, 11 quarters
Over this window the public went from 42.1% to 58.6% — +16.4 pp.
Ownership split by quarter, oldest first. Dec '23: Promoters 33.3%, FIIs 10.8%, DIIs 11.0%, Public 42.1%.Mar '24: Promoters 33.3%, FIIs 10.1%, DIIs 10.2%, Public 43.6%.Jun '24: Promoters 34.2%, FIIs 10.4%, DIIs 6.6%, Public 48.7%.Sep '24: Promoters 33.3%, FIIs 12.8%, Public 51.1%, Others 2.8%.Dec '24: Promoters 33.3%, FIIs 12.8%, Public 51.1%, Others 2.8%.Mar '25: Promoters 33.3%, FIIs 12.8%, Public 51.1%, Others 2.8%.Jun '25: Promoters 33.3%, FIIs 12.8%, Public 51.1%, Others 2.8%.Sep '25: Promoters 33.3%, FIIs 2.8%, Public 61.2%, Others 2.8%.Dec '25: Promoters 33.3%, Public 63.9%, Others 2.8%.Mar '26: Promoters 37.5%, Public 59.7%, Others 2.8%.Jun '26: Promoters 38.6%, Public 58.6%, Others 2.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Ritesh Katariya Huf . +0.52 pp 2.87% held
- Aryan Nahar +0.41 pp 0.86% held
- Rajesh Nahar +0.08 pp 14.27% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Net Avenue Technologies Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ritesh Katariya | 16.64% | unchanged |
| Rajesh Nahar | 14.27% | +0.08 pp |
| Nadathur Estates | 10.04% | unchanged |
| Agnus Ventures Llp | 6.44% | unchanged |
| Llp | 6.44% | unchanged |
| Ritesh Katariya Huf . | 2.87% | +0.52 pp |
| Sarala Nahar | 2.45% | unchanged |
| Deepesh G Shah Huf . | 1.82% | unchanged |
| Abhishek Raj Nahar | 1.27% | unchanged |
| Agnus Holdings Pvt Ltd | 1.19% | unchanged |
| Aryan Nahar | 0.86% | +0.41 pp |
| Manjushree . | 0.26% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Net Avenue Technologies Ltd
Guides on how to read this kind of business and the numbers that matter.