Net Avenue Technologies share price & results
- Mar 2026
- Jun 2026
D2C exporter of Indian ethnic wear (lehenga, salwar kameez, sherwani) to the global South Asian diaspora via cbazaar.com and ethnovog.com, fulfilled out of Surat.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 9.4 | −26.4% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | -21.3 | −5.1 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | -0.88 | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | +10.2 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -1.48 | +5.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −9.0 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance +38.2% 1Y
1Y: ₹3.8 on 24 Oct 2025 → ₹5.25. High ₹6.55 (21 Jul 2026), low ₹3.2 (11 Nov 2025).
- Previous close
- ₹5.25
- Market cap
- ₹11 Cr
- 52-week range
- ₹3.2 – ₹6.55
- One year
- +41.89%
- Return on equity (FY ending Mar 2026)
- -39.80%
Overview
- Symbol
- NSE:CBAZAAR
- Sector
- Consumer Services
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Net Avenue Technologies Ltd does
Based on the company's own presentations, annual report and earnings calls.
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
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +56% (quarter to mar 2026 against mar 2025).
| Line item | Mar 2023 | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 14 | 13 | 13 | 14 | 13 | 11 | 9 |
| Expenses | 16 | 13 | 15 | 16 | 15 | 12 | 11 |
| Operating profit | -2 | 0 | -2 | -2 | -2 | -1 | -2 |
| Operating margin | −14.3% | 0.4% | −17.5% | −14.5% | −16.3% | −7.2% | −21.3% |
| Other income | 2 | 1 | 0 | 1 | 0 | 0 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0 | 0 | -2 | -1 | -2 | -1 | -1 |
| Tax rate | 0.0% | 0.0% | 0.0% | 0.7% | −0.5% | 0.0% | 0.0% |
| Net profit | -0 | 0 | -2 | -1 | -2 | -1 | -1 |
| EPS (₹ per share) | -2.34 | 0.26 | -1 | -0.69 | -0.92 | -0.29 | -0.41 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 2 | 2 | 2 | 2 |
| Reserves | -0 | 2 | 8 | 4 | 3 | 3 |
| Borrowings | 1 | 3 | 1 | 1 | 1 | 1 |
| Other liabilities | 30 | 20 | 9 | 8 | 6 | 9 |
| Total liabilities | 31 | 24 | 21 | 15 | 12 | 14 |
| Fixed assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 5 | 4 | 3 | 4 |
| Other assets | 30 | 24 | 15 | 11 | 8 | 10 |
| Total assets | 31 | 24 | 21 | 15 | 12 | 14 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -1 | 2 | -1 | -2 | -0 | -0 |
| Cash from investing | -0 | -1 | -0 | -6 | 2 | -0 |
| Cash from financing | 1 | -0 | -0 | 8 | -1 | -0 |
| Net cash flow | 0 | 1 | -1 | 0 | 1 | -0 |
| Free cash flow | -1 | 1 | -1 | -2 | -0 | -0 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 19 | 7 | 14 | 5 | 4 | 18 |
| Inventory days | 254 | 360 | 257 | 369 | 126 | 96 |
| Days payable | 277 | 221 | 160 | 202 | 109 | 74 |
| Cash conversion cycle | -5 | 145 | 111 | 173 | 21 | 41 |
| Working capital days | -103 | -12 | -2 | 16 | -16 | 19 |
| Return on capital employed | — | — | 70.4% | −9.3% | −27.1% | −20.9% |
| Dividend payout | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Public hold 58.60% as of Jun 2026; institutions added 0.00 pts since Mar 2026.
- Promoters 38.61%
- Foreign institutions 0.00%
- Domestic institutions 0.00%
- Public 58.60%
- Others 2.79%
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.
- +0.52 pp 2.87% held
- +0.41 pp 0.86% held
- +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 |
|---|---|---|
| 16.64% | unchanged | |
| 14.27% | +0.08 pp | |
| 10.04% | unchanged | |
| 6.44% | unchanged | |
| 6.44% | unchanged | |
| 2.87% | +0.52 pp | |
| 2.45% | unchanged | |
| 1.82% | unchanged | |
| 1.27% | unchanged | |
| 1.19% | unchanged | |
| 0.86% | +0.41 pp | |
| 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.
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