Cartrade Tech Ltd

Cartrade Tech Ltd

₹ 2,842 1.31%
05 Aug - close price
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 13,735 Cr.
  • Current Price 2,842
  • High / Low 3,291 / 1,523
  • Stock P/E 109
  • 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 5.90 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

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
43 45 49 49 50 56 68 64 66 76 86 79 78
44 43 42 41 43 44 44 46 47 46 50 48 52
Operating Profit -1 2 7 8 7 11 24 18 19 31 37 31 26
OPM % -2.9% 4.4% 14% 17% 14% 20% 35% 28% 29% 40% 43% 39% 33%
17 11 8 9 9 10 9 12 13 9 3 9 10
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 4 3
Profit before tax 14 11 13 15 14 19 31 28 29 37 37 36 33
Tax % 12% 9% 31% 30% 6% 17% 20% 22% 22% 23% 23% 3% 22%
12 10 9 11 13 16 24 21 23 29 29 35 26
EPS in Rs 2.63 2.17 1.91 2.29 2.73 3.33 5.15 4.52 4.84 6.03 5.98 7.35 5.36
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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 TTM
15 23 25 29 92 120 93 125 157 187 238 308 320
90 176 65 53 104 123 88 303 160 171 177 190 196
Operating Profit -76 -153 -40 -24 -11 -2 5 -178 -3 16 60 118 124
OPM % -521% -665% -160% -83% -12% -1.9% 5% -143% -2.0% 9% 25% 38% 39%
8 20 27 30 20 17 20 32 56 46 41 34 31
Interest 0 0 0 0 0 1 0 1 1 1 1 1 1
Depreciation 0 1 0 0 1 5 5 5 6 8 10 11 11
Profit before tax -68 -134 -13 6 7 9 20 -152 46 54 91 140 144
Tax % -0% 0% 0% 19% 11% -10% -292% -4% 30% 21% 18% 17%
-68 -134 -13 5 6 10 79 -146 33 42 74 115 118
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 24.72
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: 26%
Compounded Profit Growth
10 Years: 11%
5 Years: 9%
3 Years: 55%
TTM: 49%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 75%
1 Year: 34%
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

In beta
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OLX India Annual Listings
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OLX India Yearly Unique Users
million
Remarketing Auction Listings (Vehicle)
listings
Remarketing Vehicles Auctioned (Volume)
vehicles
Total Physical Locations (Automall + abSure + OLX outlets)
count
OLX India Used Car Listings Market Share
%

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Shareholding Pattern

Numbers in percentages

13 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
70.14% 71.93% 69.71% 59.31% 51.63% 55.12% 60.96% 67.30% 68.51% 64.58% 60.15% 54.37%
4.52% 4.38% 4.96% 12.91% 22.01% 19.67% 15.36% 10.49% 9.95% 9.97% 12.07% 15.63%
25.33% 23.68% 25.33% 27.78% 26.36% 25.21% 23.68% 22.20% 21.54% 25.44% 27.79% 29.98%
No. of Shareholders 3,26,4173,05,5932,89,3842,79,1722,58,9902,27,2561,95,2011,77,0581,52,1031,54,4681,45,4421,45,505

* 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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