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 ₹ 12,362 Cr.
- Current Price ₹ 2,585
- High / Low ₹ 3,291 / 1,362
- Stock P/E 60.3
- Book Value ₹ 487
- 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 5.31 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.86.3 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 | 746 | |
| 195 | 131 | 213 | 258 | 210 | 446 | 330 | 410 | 490 | 514 | |
| Operating Profit | -162 | -53 | 30 | 40 | 40 | -133 | 34 | 80 | 152 | 232 |
| OPM % | -499% | -68% | 12% | 14% | 16% | -43% | 9% | 16% | 24% | 31% |
| 18 | 20 | 24 | 20 | 32 | 46 | 64 | 3 | 70 | 86 | |
| Interest | 0 | 0 | 3 | 4 | 5 | 7 | 9 | 10 | 12 | 12 |
| Depreciation | 1 | 3 | 15 | 17 | 20 | 25 | 29 | 37 | 41 | 37 |
| Profit before tax | -146 | -37 | 35 | 39 | 47 | -119 | 61 | 36 | 168 | 268 |
| Tax % | 0% | 0% | 27% | 20% | -120% | 2% | 33% | 44% | 14% | |
| -146 | -37 | 26 | 31 | 103 | -121 | 40 | 20 | 145 | 219 | |
| EPS in Rs | -461.48 | -107.09 | 48.39 | 63.43 | 258.07 | -28.33 | 7.26 | 3.05 | 28.38 | 42.06 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 27% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 56% |
| 3 Years: | 44% |
| TTM: | 80% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 75% |
| 1 Year: | 46% |
| 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
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 2d
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 2d
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
28 Jan - Earnings call for Q3/9M FY26 (ended Dec 31, 2025); presentation and audio uploaded Jan 28, 2026.
- Outcome Of Board Meeting Of Cartrade Tech Limited (The 'Company') - Q3FY26 Result 28 Jan
-
Intimation Of Grant Of Stock Options Under The Employee Stock Option Plan 2021 (I) ['ESOP 2021 (I)'] Of Cartrade Tech Limited ('The Company')
28 Jan - NRC granted 75,000 ESOPs on Jan 28, 2026; 4-year vesting; exercise at market price.
Annual reports
Concalls
-
Jan 2026TranscriptAI SummaryPPT REC
-
Nov 2025Transcript PPT REC
-
Sep 2025TranscriptAI SummaryPPT
-
Aug 2025Transcript PPT
-
Jun 2025TranscriptAI SummaryPPT
-
May 2025Transcript PPT REC
-
Feb 2025Transcript PPT REC
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023TranscriptPPT
-
Aug 2023Transcript PPT
-
Aug 2023TranscriptAI SummaryPPT
-
May 2023Transcript PPT
-
Apr 2023TranscriptAI SummaryPPT REC
-
Feb 2023Transcript PPT REC
-
Jan 2023TranscriptAI SummaryPPT
-
Oct 2022Transcript PPT
-
Aug 2022Transcript PPT
-
May 2022Transcript PPT
-
May 2022TranscriptAI SummaryPPT
-
Jan 2022Transcript PPT
-
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