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]
Strengths
- +Company is almost debt free.
- +Company's median sales growth is 26.4% of last 10 years
Weaknesses
- −Stock is trading at 3.75 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 3.56% over last 3 years.
- −Working capital days have increased from 357 days to 923 days
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| FIIs | 59.31% | 51.63%▼7.7 | 55.12%▲3.5 | 60.96%▲5.8 | 67.3%▲6.3 | 68.51%▲1.2 | 64.58%▼3.9 | 60.15%▼4.4 |
| DIIs | 12.91% | 22.01%▲9.1 | 19.67%▼2.3 | 15.36%▼4.3 | 10.49%▼4.9 | 9.95%▼0.5 | 9.97%▲0.0 | 12.07%▲2.1 |
| Public | 27.78% | 26.36%▼1.4 | 25.21%▼1.1 | 23.68%▼1.5 | 22.2%▼1.5 | 21.54%▼0.7 | 25.44%▲3.9 | 27.79%▲2.3 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 49 | 49 | 50 | 56 | 68 | 64 | 66 | 76 | 86 | 79 |
| Expenses | 42 | 41 | 43 | 44 | 44 | 46 | 47 | 46 | 50 | 48 |
| Operating Profit | 7 | 8 | 7 | 11 | 24 | 18 | 19 | 31 | 37 | 31 |
| OPM % | 14% | 17% | 14% | 20% | 35% | 28% | 29% | 40% | 43% | 39% |
| Net Profit | 9 | 11 | 13 | 16 | 24 | 21 | 23 | 29 | 29 | 35 |
| EPS ₹ | 1.91 | 2.29 | 2.73 | 3.33 | 5.15 | 4.52 | 4.84 | 6.03 | 5.98 | 7.35 |
AI Insights
Mar 2026 revenue at ₹308Cr, up 29.4% YoY. OPM at 38%.
Borrowings at ₹16Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.
CWIP at ₹1Cr (0% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 12.07% (+7.46pp change). FIIs: 60.15% (-9.54pp change). Promoters hold 0%.
ROCE improving from 0% (Mar 2015) to 7% (Mar 2026). Working capital days: 923.
PE 72.6x with 6.57% ROCE. Price is 278% above book value of ₹482. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 14 May - CarTrade Tech filed Q4/FY26 earnings call transcript, reporting FY26 revenue growth 22%, PAT Rs243 crore, margins 33%.
- 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%.
- 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
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse