Cartrade Tech Ltd

Cartrade Tech Ltd

₹ 1,825 -0.59%
15 May 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 8,749 Cr.
  • Current Price 1,825
  • High / Low 3,291 / 1,485
  • Stock P/E 72.6
  • Book Value 482
  • Dividend Yield 0.00 %
  • ROCE 6.57 %
  • ROE 5.41 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company's median sales growth is 26.4% of last 10 years

Cons

  • Stock is trading at 3.81 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 3.56% over last 3 years.
  • Working capital days have increased from 357 days to 923 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
43 43 45 49 49 50 56 68 64 66 76 86 79
42 44 43 42 41 43 44 44 46 47 46 50 48
Operating Profit 1 -1 2 7 8 7 11 24 18 19 31 37 31
OPM % 2% -3% 4% 14% 17% 14% 20% 35% 28% 29% 40% 43% 39%
16 17 11 8 9 9 10 9 12 13 9 3 9
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 4
Profit before tax 15 14 11 13 15 14 19 31 28 29 37 37 36
Tax % 24% 12% 9% 31% 30% 6% 17% 20% 22% 22% 23% 23% 3%
12 12 10 9 11 13 16 24 21 23 29 29 35
EPS in Rs 2.48 2.63 2.17 1.91 2.29 2.73 3.33 5.15 4.52 4.84 6.03 5.98 7.35
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 Mar 2025 Mar 2026
15 23 25 29 92 120 93 125 157 187 238 308
90 176 65 53 104 123 88 303 160 171 177 190
Operating Profit -76 -153 -40 -24 -11 -2 5 -178 -3 16 60 118
OPM % -521% -665% -160% -83% -12% -2% 5% -143% -2% 9% 25% 38%
8 20 27 30 20 17 20 32 56 46 41 34
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 11
Profit before tax -68 -134 -13 6 7 9 20 -152 46 54 91 140
Tax % -0% 0% 0% 19% 11% -10% -292% -4% 30% 21% 18% 17%
-68 -134 -13 5 6 10 79 -146 33 42 74 115
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 24.12
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 30%
5 Years: 27%
3 Years: 25%
TTM: 30%
Compounded Profit Growth
10 Years: 11%
5 Years: 9%
3 Years: 55%
TTM: 62%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 65%
1 Year: 9%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 4%
Last Year: 5%

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 Mar 2026
Equity Capital 3 3 3 3 3 3 4 47 47 47 47 48
Reserves 149 960 1,221 1,229 1,188 1,206 1,608 1,889 1,952 2,011 2,103 2,258
14 31 35 35 35 39 43 8 6 7 8 16
16 19 17 20 36 29 31 34 31 33 45 52
Total Liabilities 182 1,013 1,276 1,288 1,262 1,277 1,686 1,977 2,035 2,099 2,204 2,374
1 1 1 0 786 790 792 797 795 800 800 824
CWIP 0 0 0 0 0 0 0 0 0 0 0 1
Investments 140 839 1,083 1,258 408 423 767 1,017 1,111 1,162 1,265 1,382
41 173 192 29 68 64 127 163 130 137 139 166
Total Assets 182 1,013 1,276 1,288 1,262 1,277 1,686 1,977 2,035 2,099 2,204 2,374

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 Mar 2026
-16 0 1 15 16 8 12 67 98
18 8 -1 -329 -251 -17 -10 -68 -101
0 0 -4 317 244 -1 -5 1 9
Net Cash Flow 2 9 -4 3 8 -10 -3 -0 7
Free Cash Flow -16 -0 -0 13 14 5 6 63 76
CFO/OP 68% -18% -2% 324% -10% -245% 130% 96% 82%

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 Mar 2026
Debtor Days 88 131 71 42 106 95 120 62 84 97 98 90
Inventory Days 0 51
Days Payable 235 391
Cash Conversion Cycle 88 131 71 42 106 -139 120 -278 84 97 98 90
Working Capital Days 16 2,341 2,519 56 57 56 67 20 66 79 69 923
ROCE % -26% -3% -1% -1% 1% 1% -8% 2% 2% 4% 7%

Insights

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Average Monthly Unique Visitors (MAU)
Million
Organic Unique Visitors (%)
Percentage
Remarketing Auction Listings (Annualized Rate)
Million
OLX India Used Product Market Share
Percentage
abSure Outlets
Number
Number of Physical Locations
Number

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Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
69.69% 70.14% 71.93% 69.71% 59.31% 51.63% 55.12% 60.96% 67.30% 68.51% 64.58% 60.15%
4.61% 4.52% 4.38% 4.96% 12.91% 22.01% 19.67% 15.36% 10.49% 9.95% 9.97% 12.07%
25.69% 25.33% 23.68% 25.33% 27.78% 26.36% 25.21% 23.68% 22.20% 21.54% 25.44% 27.79%
No. of Shareholders 3,43,3913,26,4173,05,5932,89,3842,79,1722,58,9902,27,2561,95,2011,77,0581,52,1031,54,4681,45,442

* 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.

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