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 ₹ 1,713 Cr.
- Current Price ₹ 366
- High / Low ₹ 736 / 340
- Stock P/E
- Book Value ₹ 427
- Dividend Yield 0.00 %
- ROCE -5.95 %
- ROE -6.67 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.86 times its book value
Cons
- Company has a low return on equity of -0.33% over last 3 years.
- Earnings include an other income of Rs.56.0 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 33 | 78 | 243 | 298 | 250 | 313 | 361 | |
| 195 | 131 | 213 | 258 | 210 | 446 | 366 | |
| Operating Profit | -162 | -53 | 30 | 40 | 40 | -133 | -5 |
| OPM % | -499% | -68% | 12% | 14% | 16% | -43% | -1% |
| 18 | 20 | 24 | 20 | 32 | 46 | 56 | |
| Interest | 0 | 0 | 3 | 4 | 5 | 7 | 7 |
| Depreciation | 1 | 3 | 15 | 17 | 20 | 25 | 28 |
| Profit before tax | -146 | -37 | 35 | 39 | 47 | -119 | 16 |
| Tax % | -0% | 0% | 27% | 20% | -120% | -2% | |
| Net Profit | -146 | -37 | 26 | 31 | 103 | -121 | 2 |
| EPS in Rs | -461.48 | -107.09 | 48.39 | 63.43 | 258.07 | -28.33 | -1.43 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 9% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 97% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -39% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 0% |
| Last Year: | -7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
|---|---|---|---|---|---|---|---|
| 34 | 38 | 38 | 38 | 42 | 47 | 47 | |
| Reserves | 948 | 1,185 | 1,193 | 1,224 | 1,638 | 1,933 | 1,952 |
| 0 | 0 | 34 | 42 | 55 | 77 | 80 | |
| 70 | 63 | 194 | 198 | 228 | 220 | 210 | |
| Total Liabilities | 1,021 | 1,252 | 1,424 | 1,467 | 1,924 | 2,276 | 2,289 |
| 792 | 789 | 1,010 | 1,016 | 1,022 | 1,041 | 1,040 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 165 | 405 | 287 | 295 | 645 | 884 | 929 |
| 65 | 58 | 127 | 157 | 255 | 351 | 319 | |
| Total Assets | 1,021 | 1,252 | 1,424 | 1,467 | 1,924 | 2,276 | 2,289 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|
| -50 | 35 | 17 | 35 | 63 | ||
| -222 | -20 | -8 | -341 | -281 | ||
| 269 | -5 | -11 | 308 | 229 | ||
| Net Cash Flow | -3 | 9 | -2 | 2 | 12 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|
| Debtor Days | 197 | 99 | 54 | 57 | 69 | 48 |
| Inventory Days | 0 | |||||
| Days Payable | 417 | |||||
| Cash Conversion Cycle | 197 | 99 | 54 | -359 | 69 | 48 |
| Working Capital Days | 148 | 108 | -7 | 44 | 47 | -5 |
| ROCE % | -5% | 2% | 3% | -6% |
Documents
Announcements
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Clarification On News Articles Appearing In 'Media Publications'
14 Mar - With respect to articles appearing in media publication (https://timesofindia.indiatimes.com/business/india-business/indian-startups-feel-the-jitters-too/articleshow/98553900.cms?from=mdr ) dated March 11, 2023 with the heading 'Silicon Valley Bank Collapse: Indian Startups feel the …
- The Company Would Like To Clarify That The Article Is Speculative. Even Though The Company Continue To Evaluate Such Opportunities No Decision Has Been Taken In Relation To Any Acquisition As Suggested By The Article Or At All. 11 Mar
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
21 Feb - The officials of the Company will be interacting with Investors (Participants). Date Type of Interaction February 22, 2023 Kotak Chasing Growth Conference 2023
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Feb - The officials of the Company will be interacting with Investors (Participants) in below conferences; Date Type of Interaction February 07, 2023 Axis Capital India Conference …
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Announcement under Regulation 30 (LODR)-Investor Presentation
2 Feb - With Schedule III thereof, as amended, we enclosed herewith our Investor Presentation.
Concalls
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Feb 2023Transcript PPT
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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
Cartrade tech is the only profitable digital automotive platform company among their key peers. [1] Through various portals they offer a variety of solutions across the automotive transaction value chain from discovery and research tools, pricing and auto financing information to connecting consumers with dealers and OEMs for both used and new vehicle purchases. [2]