Cartrade Tech Ltd

Cartrade Tech Ltd

₹ 1,654 0.78%
21 May 10:05 a.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 7,851 Cr.
  • Current Price 1,654
  • High / Low 1,889 / 754
  • Stock P/E 58.4
  • Book Value 468
  • Dividend Yield 0.00 %
  • ROCE 7.60 %
  • ROE 6.26 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 55.8% CAGR over last 5 years

Cons

  • Stock is trading at 3.50 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 2.84% over last 3 years.
  • Earnings include an other income of Rs.70.2 Cr.
  • Working capital days have increased from 118 days to 360 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
93 83 88 97 96 86 120 139 145 141 154 176 170
119 80 80 87 84 81 99 113 118 120 122 126 123
Operating Profit -26 2 8 11 12 5 21 25 27 22 33 50 46
OPM % -28% 3% 9% 11% 12% 6% 18% 18% 19% 15% 21% 28% 27%
13 10 15 19 21 21 -2 -32 17 16 18 17 20
Interest 2 2 2 2 2 2 2 2 3 3 3 3 3
Depreciation 6 7 7 7 8 8 9 10 10 10 11 11 10
Profit before tax -21 4 14 20 23 16 8 -19 31 24 37 53 53
Tax % -0% 13% 59% 30% 24% 14% 34% 26% 20% 7% 17% 15% 14%
-21 3 6 14 18 14 5 -24 25 23 31 46 46
EPS in Rs -5.51 0.55 0.74 2.79 3.19 2.77 0.64 -5.17 4.80 4.72 5.89 9.01 8.82
Raw PDF

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
33 78 243 298 250 313 364 490 641
195 131 213 258 210 446 330 410 491
Operating Profit -162 -53 30 40 40 -133 34 80 151
OPM % -499% -68% 12% 14% 16% -43% 9% 16% 23%
18 20 24 20 32 46 64 3 70
Interest 0 0 3 4 5 7 9 10 12
Depreciation 1 3 15 17 20 25 29 37 41
Profit before tax -146 -37 35 39 47 -119 61 36 168
Tax % 0% 0% 27% 20% -120% 2% 33% 44% 14%
-146 -37 26 31 103 -121 40 20 145
EPS in Rs -461.48 -107.09 48.39 63.43 258.07 -28.33 7.26 3.05 28.38
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 27%
TTM: 31%
Compounded Profit Growth
10 Years: %
5 Years: 56%
3 Years: 46%
TTM: 1459%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 41%
1 Year: 77%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 3%
Last Year: 6%

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
Equity Capital 3 3 3 3 4 47 47 47 47
Reserves 948 1,185 1,193 1,224 1,638 1,933 1,997 2,023 2,173
31 35 68 77 93 77 86 112 131
39 28 159 163 189 220 210 326 353
Total Liabilities 1,021 1,252 1,424 1,467 1,924 2,276 2,340 2,508 2,705
792 789 1,010 1,016 1,022 1,041 1,042 1,489 1,497
CWIP 0 0 0 0 0 0 0 0 0
Investments 165 405 287 295 645 884 985 510 614
65 58 127 157 255 351 312 509 594
Total Assets 1,021 1,252 1,424 1,467 1,924 2,276 2,340 2,508 2,705

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
-50 35 17 35 63 48 16 171
-222 -20 -8 -341 -281 -17 13 -138
269 -5 -11 308 229 -39 -33 -27
Net Cash Flow -3 9 -2 2 12 -7 -4 7

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
Debtor Days 197 99 54 57 69 48 52 55 49
Inventory Days 0
Days Payable 417
Cash Conversion Cycle 197 99 54 -359 69 48 52 55 49
Working Capital Days 148 108 -7 44 47 -5 6 -11 360
ROCE % -5% 2% 3% -6% 3% 4% 8%

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
19.55% 21.49% 72.47% 69.95% 69.69% 70.14% 71.93% 69.71% 59.31% 51.63% 55.12% 60.96%
5.44% 5.25% 5.37% 4.51% 4.61% 4.52% 4.38% 4.96% 12.91% 22.01% 19.67% 15.36%
75.01% 73.26% 22.14% 25.55% 25.69% 25.33% 23.68% 25.33% 27.78% 26.36% 25.21% 23.68%
No. of Shareholders 4,01,5813,80,6373,67,9343,54,6713,43,3913,26,4173,05,5932,89,3842,79,1722,58,9902,27,2561,95,201

* 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.

Documents

Concalls