Cartrade Tech Ltd
CarTrade Tech Ltd is a multi-channel auto platform provider company with coverage and presence across vehicle types and Value Added Services. The company operates various brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. The platform connects new and used automobile customers, vehicle dealers, vehicle OEMs, and other businesses to buy and sell different types of vehicles. The company offers a variety of solutions across automotive transactions for buying, selling, marketing, financing, and other activities.[1]
- Market Cap ₹ 3,779 Cr.
- Current Price ₹ 806
- High / Low ₹ 974 / 468
- Stock P/E 89.6
- Book Value ₹ 439
- Dividend Yield 0.00 %
- ROCE 2.66 %
- ROE 2.08 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of -1.25% over last 3 years.
- Earnings include an other income of Rs.46.3 Cr.
- Debtor days have increased from 81.1 to 97.5 days.
- Working capital days have increased from 376 days to 1,023 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Retail Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
15 | 23 | 25 | 29 | 92 | 120 | 93 | 125 | 157 | 187 | |
90 | 176 | 65 | 53 | 104 | 123 | 88 | 303 | 160 | 171 | |
Operating Profit | -76 | -153 | -40 | -24 | -11 | -2 | 5 | -178 | -3 | 16 |
OPM % | -521% | -665% | -160% | -83% | -12% | -2% | 5% | -143% | -2% | 9% |
8 | 20 | 27 | 30 | 20 | 17 | 20 | 32 | 56 | 46 | |
Interest | 0 | -0 | -0 | -0 | 0 | 1 | 0 | 1 | 1 | 1 |
Depreciation | 0 | 1 | 0 | 0 | 1 | 5 | 5 | 5 | 6 | 8 |
Profit before tax | -68 | -134 | -13 | 6 | 7 | 9 | 20 | -152 | 46 | 54 |
Tax % | 0% | -0% | -0% | 19% | 11% | -10% | -292% | 4% | 30% | 21% |
-68 | -134 | -13 | 5 | 6 | 10 | 79 | -146 | 33 | 42 | |
EPS in Rs | -215.45 | -423.21 | -37.86 | 13.45 | 18.00 | 29.54 | 221.55 | -31.33 | 6.96 | 9.00 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 26% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 43% |
3 Years: | -19% |
TTM: | 29% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 65% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | -1% |
Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 47 | 47 | 47 |
Reserves | 149 | 960 | 1,221 | 1,229 | 1,188 | 1,206 | 1,608 | 1,889 | 1,952 | 2,011 |
Preference Capital | 14 | 31 | 35 | 35 | 35 | 35 | 39 | -0 | -0 | |
-0 | -0 | -0 | -0 | -0 | 5 | 5 | 8 | 6 | 7 | |
30 | 50 | 52 | 55 | 71 | 64 | 70 | 34 | 31 | 33 | |
Total Liabilities | 182 | 1,013 | 1,276 | 1,288 | 1,262 | 1,277 | 1,686 | 1,977 | 2,035 | 2,099 |
1 | 1 | 1 | 0 | 786 | 790 | 792 | 797 | 795 | 800 | |
CWIP | -0 | -0 | -0 | -0 | 0 | -0 | 0 | -0 | -0 | -0 |
Investments | 140 | 839 | 1,083 | 1,258 | 408 | 423 | 767 | 1,017 | 1,111 | 1,162 |
41 | 173 | 192 | 29 | 68 | 64 | 127 | 163 | 130 | 137 | |
Total Assets | 182 | 1,013 | 1,276 | 1,288 | 1,262 | 1,277 | 1,686 | 1,977 | 2,035 | 2,099 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
-16 | 0 | 1 | 15 | 16 | 8 | 12 | ||||
18 | 8 | -1 | -329 | -251 | -17 | -10 | ||||
-0 | -0 | -4 | 317 | 244 | -1 | -5 | ||||
Net Cash Flow | 2 | 9 | -4 | 3 | 8 | -10 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 88 | 131 | 71 | 42 | 106 | 95 | 120 | 62 | 84 | 97 |
Inventory Days | 0 | 51 | ||||||||
Days Payable | 235 | 391 | ||||||||
Cash Conversion Cycle | 88 | 131 | 71 | 42 | 106 | -139 | 120 | -278 | 84 | 97 |
Working Capital Days | 16 | 2,341 | 2,519 | 56 | 57 | 69 | 75 | 29 | 75 | 1,023 |
ROCE % | -26% | -3% | -1% | -1% | 1% | 1% | -8% | 2% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
24 May - Secretarial Compliance report of the Company for March 31, 2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
23 May - The officials of the Company will be attending the Investor conference as per below details. Date May 30, 2024 10:00 am (IST) onwards Type of …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
20 May - The officials of the Company will be interacting with Investor/Analyst (Participants) as given below: Date: 23-05-2024 1*1 / Group Meetings organized by Nomura Financial Advisory …
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 11 May
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 7 May
Annual reports
Concalls
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptPPT
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Aug 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Apr 2023TranscriptNotesPPT REC
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Feb 2023Transcript PPT REC
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Jan 2023TranscriptNotesPPT
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Oct 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Jan 2022Transcript PPT
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Nov 2021Transcript PPT
Multi-Channel Auto platform [1]
Consumer Group: The company provides Online Platforms for customers, dealers, and OEMs, to buy and sell new and used vehicles seamlessly. Powered by tech-enabled ERP and CRM solutions. Carwale, Bikewale, Cartrade