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 ₹ 11,925 Cr.
- Current Price ₹ 2,498
- High / Low ₹ 2,755 / 939
- Stock P/E 141
- Book Value ₹ 453
- Dividend Yield 0.00 %
- ROCE 4.33 %
- ROE 3.53 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 49.6% CAGR over last 5 years
- Company's median sales growth is 25.5% of last 10 years
Cons
- Stock is trading at 5.51 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 2.27% over last 3 years.
- Earnings include an other income of Rs.44.2 Cr.
* 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.
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 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
15 | 23 | 25 | 29 | 92 | 120 | 93 | 125 | 157 | 187 | 238 | 254 | |
90 | 176 | 65 | 53 | 104 | 123 | 88 | 303 | 160 | 171 | 177 | 181 | |
Operating Profit | -76 | -153 | -40 | -24 | -11 | -2 | 5 | -178 | -3 | 16 | 60 | 72 |
OPM % | -521% | -665% | -160% | -83% | -12% | -2% | 5% | -143% | -2% | 9% | 25% | 29% |
8 | 20 | 27 | 30 | 20 | 17 | 20 | 32 | 56 | 46 | 41 | 44 | |
Interest | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
Depreciation | 0 | 1 | 0 | 0 | 1 | 5 | 5 | 5 | 6 | 8 | 10 | 9 |
Profit before tax | -68 | -134 | -13 | 6 | 7 | 9 | 20 | -152 | 46 | 54 | 91 | 107 |
Tax % | -0% | 0% | 0% | 19% | 11% | -10% | -292% | -4% | 30% | 21% | 18% | |
-68 | -134 | -13 | 5 | 6 | 10 | 79 | -146 | 33 | 42 | 74 | 85 | |
EPS in Rs | -215.45 | -423.21 | -37.86 | 13.45 | 18.00 | 29.54 | 221.55 | -31.33 | 6.96 | 9.00 | 15.70 | 17.84 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 32% |
5 Years: | 15% |
3 Years: | 24% |
TTM: | 31% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 50% |
3 Years: | 36% |
TTM: | 98% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 62% |
1 Year: | 166% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | 1% |
3 Years: | 2% |
Last Year: | 4% |
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 47 | 47 | 47 | 47 |
Reserves | 149 | 960 | 1,221 | 1,229 | 1,188 | 1,206 | 1,608 | 1,889 | 1,952 | 2,011 | 2,103 |
14 | 31 | 35 | 35 | 35 | 39 | 43 | 8 | 6 | 7 | 8 | |
16 | 19 | 17 | 20 | 36 | 29 | 31 | 34 | 31 | 33 | 45 | |
Total Liabilities | 182 | 1,013 | 1,276 | 1,288 | 1,262 | 1,277 | 1,686 | 1,977 | 2,035 | 2,099 | 2,204 |
1 | 1 | 1 | 0 | 786 | 790 | 792 | 797 | 795 | 800 | 800 | |
CWIP | 0 | 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 | 1,265 |
41 | 173 | 192 | 29 | 68 | 64 | 127 | 163 | 130 | 137 | 139 | |
Total Assets | 182 | 1,013 | 1,276 | 1,288 | 1,262 | 1,277 | 1,686 | 1,977 | 2,035 | 2,099 | 2,204 |
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
-16 | 0 | 1 | 15 | 16 | 8 | 12 | 67 | ||||
18 | 8 | -1 | -329 | -251 | -17 | -10 | -68 | ||||
0 | 0 | -4 | 317 | 244 | -1 | -5 | 1 | ||||
Net Cash Flow | 2 | 9 | -4 | 3 | 8 | -10 | -3 | -0 |
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 88 | 131 | 71 | 42 | 106 | 95 | 120 | 62 | 84 | 97 | 98 |
Inventory Days | 0 | 51 | |||||||||
Days Payable | 235 | 391 | |||||||||
Cash Conversion Cycle | 88 | 131 | 71 | 42 | 106 | -139 | 120 | -278 | 84 | 97 | 98 |
Working Capital Days | 16 | 2,341 | 2,519 | 56 | 57 | 56 | 67 | 20 | 66 | 79 | 69 |
ROCE % | -26% | -3% | -1% | -1% | 1% | 1% | -8% | 2% | 2% | 4% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 26m
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 Oct - Listing Regulations') read with part A of Schedule III of the Listing Regulations, we wish to inform that the management of the Company will meet …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
6 Oct - CarWale and BikeWale recorded 66% YoY traffic growth during Navratri 2025 due to festivals and GST rate cut.
- Closure of Trading Window 29 Sep
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
29 Sep - Revised scrutinizer report (Sept 26, 2025): corrected voting figures for Resolution No.3; resolution passed.
Annual reports
Concalls
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Sep 2025TranscriptNotesPPT
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Aug 2025Transcript PPT
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Jun 2025TranscriptNotesPPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 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