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 ₹ 15,407 Cr.
- Current Price ₹ 3,177
- High / Low ₹ 3,291 / 1,523
- Stock P/E 64.7
- Book Value ₹ 519
- Dividend Yield 0.00 %
- ROCE 11.8 %
- ROE 9.65 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 19.7% CAGR over last 5 years
- Company's median sales growth is 23.9% of last 10 years
Cons
- Stock is trading at 6.12 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 5.63% over last 3 years.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 33 | 78 | 243 | 298 | 250 | 313 | 364 | 490 | 641 | 779 | 807 | |
| 195 | 131 | 213 | 258 | 210 | 446 | 330 | 410 | 490 | 522 | 531 | |
| Operating Profit | -162 | -53 | 30 | 40 | 40 | -133 | 34 | 80 | 152 | 258 | 276 |
| OPM % | -499% | -68% | 12% | 14% | 16% | -43% | 9% | 16% | 24% | 33% | 34% |
| 18 | 20 | 24 | 20 | 32 | 46 | 64 | 3 | 70 | 84 | 84 | |
| Interest | 0 | 0 | 3 | 4 | 5 | 7 | 9 | 10 | 12 | 13 | 13 |
| Depreciation | 1 | 3 | 15 | 17 | 20 | 25 | 29 | 37 | 41 | 39 | 40 |
| Profit before tax | -146 | -37 | 35 | 39 | 47 | -119 | 61 | 36 | 168 | 290 | 307 |
| Tax % | 0% | 0% | 27% | 20% | -120% | 2% | 33% | 44% | 14% | 16% | |
| -146 | -37 | 26 | 31 | 103 | -121 | 40 | 20 | 145 | 244 | 253 | |
| EPS in Rs | -461.48 | -107.09 | 48.39 | 63.43 | 258.07 | -28.33 | 7.26 | 3.05 | 28.38 | 46.58 | 48.37 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 37% |
| 5 Years: | 26% |
| 3 Years: | 29% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 20% |
| 3 Years: | 89% |
| TTM: | 53% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 74% |
| 1 Year: | 20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 6% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 4 | 47 | 47 | 47 | 47 | 48 |
| Reserves | 948 | 1,185 | 1,193 | 1,224 | 1,638 | 1,933 | 1,997 | 2,023 | 2,173 | 2,436 |
| 31 | 35 | 68 | 77 | 93 | 77 | 86 | 112 | 131 | 140 | |
| 39 | 28 | 159 | 163 | 189 | 220 | 210 | 326 | 353 | 385 | |
| Total Liabilities | 1,021 | 1,252 | 1,424 | 1,467 | 1,924 | 2,276 | 2,340 | 2,508 | 2,705 | 3,009 |
| 792 | 789 | 1,010 | 1,016 | 1,022 | 1,041 | 1,042 | 1,489 | 1,497 | 1,522 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 165 | 405 | 287 | 295 | 645 | 884 | 985 | 510 | 614 | 910 |
| 65 | 58 | 127 | 157 | 255 | 351 | 312 | 509 | 594 | 576 | |
| Total Assets | 1,021 | 1,252 | 1,424 | 1,467 | 1,924 | 2,276 | 2,340 | 2,508 | 2,705 | 3,009 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -50 | 35 | 17 | 35 | 63 | 48 | 16 | 171 | 257 | ||
| -222 | -20 | -8 | -341 | -281 | -17 | 13 | -138 | -231 | ||
| 269 | -5 | -11 | 308 | 229 | -39 | -33 | -27 | -23 | ||
| Net Cash Flow | -3 | 9 | -2 | 2 | 12 | -7 | -4 | 7 | 3 | |
| Free Cash Flow | -50 | 33 | 12 | 30 | 57 | 41 | 13 | 166 | 231 | |
| CFO/OP | 99% | 174% | 65% | 114% | -58% | 149% | 37% | 113% | 109% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 197 | 99 | 54 | 57 | 69 | 48 | 52 | 55 | 49 | 44 |
| Inventory Days | 0 | |||||||||
| Days Payable | 417 | |||||||||
| Cash Conversion Cycle | 197 | 99 | 54 | -359 | 69 | 48 | 52 | 55 | 49 | 44 |
| Working Capital Days | 148 | 108 | -25 | 35 | 35 | -19 | -10 | -24 | 1 | 15 |
| ROCE % | -5% | 2% | 3% | -6% | 3% | 4% | 8% | 12% |
Insights
In beta| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| OLX India Annual Listings million |
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| OLX India Yearly Unique Users million |
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| Remarketing Auction Listings (Vehicle) listings |
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| Remarketing Vehicles Auctioned (Volume) vehicles |
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| Total Physical Locations (Automall + abSure + OLX outlets) count |
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| OLX India Used Car Listings Market Share % |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Announcement under Regulation 30 (LODR)-Newspaper Publication
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Notice Of 26Th AGM & Annual Report Of Cartrade Tech Limited - Letter To Shareholder For Non - Email Case.
- CarTrade Tech sent AGM notice; 26th AGM scheduled for September 25, 2026 at 11:00 A.M. via VC/OAVM.
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Notice Of 26Th AGM & Annual Report Of Cartrade Tech Limited
- 26th AGM on September 25, 2026; FY26 annual report and e-voting details released.
- Announcement under Regulation 30 (LODR)-Newspaper Publication
Annual reports
Concalls
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May 2022TranscriptAI SummaryPPT
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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