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 ₹ 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.
Peer comparison
Sector: Retail Industry: Miscellaneous
Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market
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 | |
---|---|---|---|---|---|---|---|---|---|
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 May - CarTrade Tech Q4 FY25: 28% revenue growth, 627% PAT rise, record margins, strong platform user base, positive outlook.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7 May - Earnings call held on May 7, 2025, discussing audited FY25 results; presentation and audio uploaded online.
- Result Q4FY25 7 May
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Intimation Of Appointment Of Internal Auditor
7 May - Appointment of M/s MGB & Co. LLP as internal auditor for FY 2025-26.
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Appointment Of Secretarial Auditor
7 May - Appointment of Mr. Muffaddal Jawadwala as Secretarial Auditor for 2025-26 to 2029-30.
Annual reports
Concalls
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May 2025Transcript PPT
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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 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Apr 2023TranscriptNotesPPT REC
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Feb 2023Transcript PPT REC
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Jan 2023TranscriptNotesPPT
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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 2022TranscriptNotesPPT
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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