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 ₹ 8,748 Cr.
- Current Price ₹ 1,825
- High / Low ₹ 3,291 / 1,485
- Stock P/E 38.3
- Book Value ₹ 519
- Dividend Yield 0.00 %
- ROCE 11.8 %
- ROE 9.69 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 19.8% CAGR over last 5 years
- Company's median sales growth is 23.9% of last 10 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
- Company has a low return on equity of 5.65% over last 3 years.
- Working capital days have increased from 138 days to 438 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.
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 33 | 78 | 243 | 298 | 250 | 313 | 364 | 490 | 641 | 779 | |
| 195 | 131 | 213 | 258 | 210 | 446 | 330 | 410 | 490 | 522 | |
| Operating Profit | -162 | -53 | 30 | 40 | 40 | -133 | 34 | 80 | 152 | 257 |
| OPM % | -499% | -68% | 12% | 14% | 16% | -43% | 9% | 16% | 24% | 33% |
| 18 | 20 | 24 | 20 | 32 | 46 | 64 | 3 | 70 | 84 | |
| 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 | 290 |
| Tax % | 0% | 0% | 27% | 20% | -120% | 2% | 33% | 44% | 14% | 16% |
| -146 | -37 | 26 | 31 | 103 | -121 | 40 | 20 | 145 | 244 | |
| EPS in Rs | -461.48 | -107.09 | 48.39 | 63.43 | 258.07 | -28.33 | 7.26 | 3.05 | 28.38 | 46.58 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 37% |
| 5 Years: | 26% |
| 3 Years: | 29% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 20% |
| 3 Years: | 89% |
| TTM: | 70% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 65% |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 6% |
| Last Year: | 10% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2,436 |
| 31 | 35 | 68 | 77 | 93 | 77 | 86 | 112 | 131 | 140 | |
| 39 | 28 | 159 | 163 | 189 | 220 | 210 | 326 | 353 | 385 | |
| Total Liabilities | 1,021 | 1,252 | 1,424 | 1,467 | 1,924 | 2,276 | 2,340 | 2,508 | 2,705 | 3,009 |
| 792 | 789 | 1,010 | 1,016 | 1,022 | 1,041 | 1,042 | 1,489 | 1,497 | 1,522 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 165 | 405 | 287 | 295 | 645 | 884 | 985 | 510 | 614 | 910 |
| 65 | 58 | 127 | 157 | 255 | 351 | 312 | 509 | 594 | 576 | |
| Total Assets | 1,021 | 1,252 | 1,424 | 1,467 | 1,924 | 2,276 | 2,340 | 2,508 | 2,705 | 3,009 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -50 | 35 | 17 | 35 | 63 | 48 | 16 | 171 | 257 | ||
| -222 | -20 | -8 | -341 | -281 | -17 | 13 | -138 | -231 | ||
| 269 | -5 | -11 | 308 | 229 | -39 | -33 | -27 | -23 | ||
| Net Cash Flow | -3 | 9 | -2 | 2 | 12 | -7 | -4 | 7 | 3 | |
| Free Cash Flow | -50 | 33 | 12 | 30 | 57 | 41 | 13 | 166 | 231 | |
| CFO/OP | 99% | 174% | 65% | 114% | -58% | 149% | 37% | 114% | 109% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 197 | 99 | 54 | 57 | 69 | 48 | 52 | 55 | 49 | 44 |
| Inventory Days | 0 | |||||||||
| Days Payable | 417 | |||||||||
| Cash Conversion Cycle | 197 | 99 | 54 | -359 | 69 | 48 | 52 | 55 | 49 | 44 |
| Working Capital Days | 148 | 108 | -25 | 35 | 35 | -19 | -10 | -24 | 1 | 438 |
| ROCE % | -5% | 2% | 3% | -6% | 3% | 4% | 8% | 12% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Automall Locations Number |
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| Average Monthly Unique Visitors (MAU) Million |
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| Organic Unique Visitors (%) Percentage |
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| Remarketing Auction Listings (Annualized Rate) Million |
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| OLX India Used Product Market Share Percentage |
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| abSure Outlets Number |
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| Number of Physical Locations Number |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15h - CarTrade Tech filed Q4/FY26 earnings call transcript, reporting FY26 revenue growth 22%, PAT Rs243 crore, margins 33%.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
11 May - CarTrade Tech reports 50%+ EBITDA growth for 12 straight quarters; margins rose from 3% to 35%.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7 May - CarTrade Tech concluded Q4 and FY26 earnings call on May 7, 2026; presentation and recording uploaded.
- Announcement under Regulation 30 (LODR)-Investor Presentation 7 May
- Financial Result FY26Q4 7 May
Annual reports
Concalls
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May 2026Transcript PPT
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Mar 2026TranscriptAI SummaryPPT
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Sep 2025TranscriptAI SummaryPPT
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Jun 2025TranscriptAI SummaryPPT
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May 2025Transcript PPT REC
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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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Apr 2023TranscriptPPT 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