Cartrade Tech Ltd

Cartrade Tech Ltd

₹ 366 5.22%
29 Mar - close price
About

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]

Key Points

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]

  • 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.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
57 77 82 53 78 89 93 83 88 97
47 53 66 101 111 117 119 80 80 87
Operating Profit 10 24 16 -48 -33 -28 -26 2 8 11
OPM % 18% 31% 19% -90% -42% -31% -28% 3% 9% 11%
6 9 10 10 11 14 13 10 15 19
Interest 5 1 1 5 2 2 2 2 2 2
Depreciation 1 5 5 1 7 6 6 7 7 7
Profit before tax 10 27 19 -45 -31 -22 -21 4 14 20
Tax % -4% 11% 18% -3% -16% 18% 0% 13% 59% 30%
Net Profit 11 24 16 -46 -35 -18 -21 3 6 14
EPS in Rs 20.47 51.38 36.97 -68.40 -8.22 -5.02 -5.51 0.55 0.74 2.79
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
16.03 17.21 17.55 19.55 21.49 72.47
8.18 7.46 6.20 5.44 5.25 5.37
75.79 75.33 76.25 75.01 73.26 22.14

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls