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 ₹ 12,785 Cr.
- Current Price ₹ 2,673
- High / Low ₹ 3,291 / 1,294
- Stock P/E 68.4
- Book Value ₹ 489
- Dividend Yield 0.00 %
- ROCE 7.59 %
- ROE 6.24 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 55.7% CAGR over last 5 years
Cons
- Stock is trading at 5.46 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 2.84% over last 3 years.
- Earnings include an other income of Rs.90.9 Cr.
* 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 33 | 78 | 243 | 298 | 250 | 313 | 364 | 490 | 641 | 712 | |
| 195 | 131 | 213 | 258 | 210 | 446 | 330 | 410 | 490 | 509 | |
| Operating Profit | -162 | -53 | 30 | 40 | 40 | -133 | 34 | 80 | 152 | 203 |
| OPM % | -499% | -68% | 12% | 14% | 16% | -43% | 9% | 16% | 24% | 29% |
| 18 | 20 | 24 | 20 | 32 | 46 | 64 | 3 | 70 | 91 | |
| Interest | 0 | 0 | 3 | 4 | 5 | 7 | 9 | 10 | 12 | 12 |
| Depreciation | 1 | 3 | 15 | 17 | 20 | 25 | 29 | 37 | 41 | 39 |
| Profit before tax | -146 | -37 | 35 | 39 | 47 | -119 | 61 | 36 | 168 | 244 |
| Tax % | 0% | 0% | 27% | 20% | -120% | 2% | 33% | 44% | 14% | |
| -146 | -37 | 26 | 31 | 103 | -121 | 40 | 20 | 145 | 203 | |
| EPS in Rs | -461.48 | -107.09 | 48.39 | 63.43 | 258.07 | -28.33 | 7.26 | 3.05 | 28.38 | 39.39 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 27% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 56% |
| 3 Years: | 44% |
| TTM: | 102% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 75% |
| 1 Year: | 75% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2,282 |
| 31 | 35 | 68 | 77 | 93 | 77 | 86 | 112 | 131 | 128 | |
| 39 | 28 | 159 | 163 | 189 | 220 | 210 | 326 | 353 | 362 | |
| Total Liabilities | 1,021 | 1,252 | 1,424 | 1,467 | 1,924 | 2,276 | 2,340 | 2,508 | 2,705 | 2,820 |
| 792 | 789 | 1,010 | 1,016 | 1,022 | 1,041 | 1,042 | 1,489 | 1,497 | 1,492 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 165 | 405 | 287 | 295 | 645 | 884 | 985 | 510 | 614 | 739 |
| 65 | 58 | 127 | 157 | 255 | 351 | 312 | 509 | 594 | 589 | |
| Total Assets | 1,021 | 1,252 | 1,424 | 1,467 | 1,924 | 2,276 | 2,340 | 2,508 | 2,705 | 2,820 |
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 | -25 | 35 | 35 | -19 | -10 | -24 | 1 |
| ROCE % | -5% | 2% | 3% | -6% | 3% | 4% | 8% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 1d
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Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirement) Regulations, 2015 - Intimation Of Show Cause Cum Demand Notice
9 Dec - DGGI show-cause notice (Dec 3, received Dec 8, 2025) seeks INR 14,81,88,070 plus interest/penalties.
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Update From Cartrade Tech Limited
27 Nov - CarTrade and Girnar mutually decide not to proceed with CarDekho/BikeDekho consolidation (Nov 27, 2025).
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Intimation Of Schedule Of Analyst / Institutional Investor Meetings Under The SEBI (LODR), Regulations 2015
17 Nov - Management won't attend JM Financial Conference investor meeting on Nov 20, 2025.
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Intimation Of Schedule Of Analyst / Institutional Investor Meetings Under The SEBI (LODR), Regulations 2015
11 Nov - Management will not attend Nov 12, 2025 Anand Rathi G-200 Summit investor meeting.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Sep 2025TranscriptAI SummaryPPT
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Aug 2025Transcript PPT
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Jun 2025TranscriptAI SummaryPPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptPPT
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Aug 2023Transcript PPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023Transcript PPT
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Apr 2023TranscriptAI SummaryPPT REC
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Feb 2023Transcript PPT REC
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Jan 2023TranscriptAI SummaryPPT
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Oct 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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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