Cartrade Tech Ltd

Cartrade Tech Ltd

₹ 809 0.24%
14 Jun 4:01 p.m.
About

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]

Key Points

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

  • Market Cap 3,807 Cr.
  • Current Price 809
  • High / Low 974 / 468
  • Stock P/E 90.2
  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
31 22 32 34 36 35 37 42 43 43 45 49 49
26 72 75 77 79 39 39 40 42 44 43 42 41
Operating Profit 5 -49 -44 -43 -43 -4 -2 2 1 -1 2 7 8
OPM % 17% -220% -138% -125% -117% -11% -6% 5% 2% -3% 4% 14% 17%
7 7 8 7 10 7 18 15 16 17 11 8 9
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 2 1 2 2 2 2 2
Profit before tax 11 -43 -37 -37 -34 2 14 16 15 14 11 13 15
Tax % 9% -2% -9% 21% 7% -5% 46% 24% 24% 12% 9% 31% 30%
10 -44 -41 -29 -32 2 7 12 12 12 10 9 11
EPS in Rs 28.49 -66.85 -8.85 -6.33 -6.79 0.36 1.60 2.53 2.48 2.63 2.17 1.91 2.29
Raw PDF

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: 67%
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%

Shareholding Pattern

Numbers in percentages

19 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
16.03% 17.21% 17.55% 19.55% 21.49% 72.47% 69.95% 69.69% 70.14% 71.93% 69.71%
8.18% 7.46% 6.20% 5.44% 5.25% 5.37% 4.51% 4.61% 4.52% 4.38% 4.96%
75.79% 75.33% 76.25% 75.01% 73.26% 22.14% 25.55% 25.69% 25.33% 23.68% 25.33%
No. of Shareholders 5,24,3054,58,4824,24,6424,01,5813,80,6373,67,9343,54,6713,43,3913,26,4173,05,5932,89,384

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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