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CarTrade Tech

CARTRADE NSE
₹2,492.90 No trade today
P/E
51.54
View as Markdown
MCP
Close 4 Nov 2026 ₹2,492.90 −376.70 −13.1% 1Y
Start ₹2,869.60

Key Fundamentals

MicrocapRetailConsumer Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
11.80%
Debt to Equity
0.06
EPS (TTM)
₹48.37
Book Value
₹541.30
Market Cap
—
P/E (TTM)
51.54
P/B
4.61
ROE
9.65%
Dividend Yield
0.00%
EBITDA
₹348 Cr
52W High
₹3,290.50
52W Low
₹1,600.00
Volume
0

Peer Comparison

Consumer Discretionary › Retail › Ecommerce › E-Retail/ E-Commerce

CarTrade Tech peer comparison
Eternal
₹344.50662.50₹3,34,095 Cr10.620.00%0.38%2.48%₹77,956 Cr₹493 Cr
Meesho
₹224.55—₹1,03,188 Cr24.730.00%−46.20%−40.00%₹13,835 Cr−₹1,201 Cr
Nykaa
₹355.50399.44₹1,01,640 Cr70.820.00%15.30%17.20%₹10,649 Cr₹260 Cr
Swiggy
₹178.89—₹49,465 Cr2.910.00%−29.10%−24.10%₹24,904 Cr−₹3,748 Cr
Urban Company
₹155.01—₹24,479 Cr12.030.00%−12.00%−7.82%₹1,717 Cr−₹333 Cr
CarTrade Tech (this company)
₹2,492.9051.54₹12,070 Cr4.610.00%9.65%11.80%₹807 Cr₹254 Cr
Shiprocket
₹131.89—₹9,563 Cr3.980.00%−5.14%−2.68%₹1,631 Cr−₹48 Cr
Median 7 companies₹224.55399.44₹49,465 Cr10.620.00%−5.14%−2.68%₹10,649 Cr−₹48 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

55 Good

Data confidence 100/100

Category scores

Quality
58
Good
Returns, margins, earnings quality 22% weight
Valuation
33
Poor
Cheap vs sector & own history 24% weight
Growth
68
Strong
Sales & profit trajectory 9% weight
Financial Health
90
Strong
Solvency, leverage, coverage 9% weight
Momentum
63
Good
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has delivered good profit growth of 19.7% CAGR over last 5 years
  • Company's median sales growth is 23.9% of last 10 years

Weaknesses

3
  • Stock is trading at 5.44 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 5.63% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1162
OscillatorsBearish261
Moving AveragesStrong Bearish901

Key readings

RSI (14)
39.60
Neutral
MACD (12,26,9)
−152.63
Bearish
SMA (50)
2,912.51
Bearish
SMA (200)
2,392.31
Bullish

As of

Analyst Rating

Based on 11 analysts
BUY91%

10 of 11 analysts rate Buy, 0 Hold, 1 Sell.

As of

BUY
10
91%
HOLD
0
0%
SELL
1
9%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+37.18%
5Y+25.52%
3Y+28.87%
1Y+21.53%
TTM+19.91%

Net profit

Net profit growth by window
10YTurned to profit
5Y+18.83%
3Y+82.72%
1Y+68.28%
TTM+49.41%

Operating cash flow

Operating cash flow growth by window
10Y—
5Y+49.00%
3Y+74.94%
1Y+50.29%
TTM—

10Y: The statements do not go back far enough for this window.

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+524.03 pp
5Y+17.12 pp
3Y+23.78 pp
1Y+9.41 pp
TTM+8.61 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2016₹33.00 Cr
Mar 2017₹78.00 Cr
Mar 2019₹243 Cr
Mar 2020₹298 Cr
Mar 2021₹250 Cr
Mar 2022₹313 Cr
Mar 2023₹364 Cr
Mar 2024₹490 Cr
Mar 2025₹641 Cr
Mar 2026₹779 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2016−₹146 Cr
Mar 2017−₹37.00 Cr
Mar 2019₹26.00 Cr
Mar 2020₹31.00 Cr
Mar 2021₹103 Cr
Mar 2022−₹121 Cr
Mar 2023₹40.00 Cr
Mar 2024₹20.00 Cr
Mar 2025₹145 Cr
Mar 2026₹244 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹338 Cr −2.6% vs FY26
Reported High Mean Low

AI News Digest

7d ago

TL;DR: CarTrade Tech is operationally stronger with expanding EBITDA margins (35.7%) and a record PBT of ₹85 crore, but the sharp revenue growth deceleration to 10.4% spooked investors, triggering a 17% single-day drop. OLX India at 26% growth and high organic traffic are positives, but the market is clearly repricing the stock for slower topline momentum. The key question going forward is whether margin expansion can sustain investor confidence if revenue growth doesn't reaccelerate in coming quarters.

Headwinds 3
  • Stock drops 17% post Q2 Oct 28

    Shares tanked 17% to ₹2,336 after Q2 results, now down nearly 30% from 52-week high of ₹3,290, with market cap at ₹11,414 crore.

  • Revenue growth slows sharply Oct 28

    Revenue growth decelerated to 10.4% YoY (₹213 crore vs ₹193 crore) in Q2 FY27, down from 27% growth in Q2 FY25 and 29% in Q2 FY26.

  • Net profit flat YoY Oct 28

    Net profit declined 0.8% YoY to ₹59.5 crore from ₹60 crore, and sequential revenue growth was a marginal 6% from ₹201.2 crore in Q1 FY27.

Positives 3
  • EBITDA margin expands 270bps Oct 28

    EBITDA grew 20% YoY to ₹76 crore with margin expanding to 35.7% (up 270bps), while profit before tax rose 7% to a record ₹85 crore.

  • OLX India grows 26% YoY Oct 28

    OLX India segment delivered 26% YoY revenue growth and 36% EBITDA growth in Q2 FY27, emerging as a strong growth driver.

  • Strong organic traffic moat Oct 28

    Platform attracted 76 million average monthly unique visitors with 96% organic traffic, present in over 500 physical locations with 1.6 million annualized auction listings.

Neutral 1
  • AGM concludes, resolutions passed Sep 29

    CarTrade Tech held its 26th AGM on September 25, 2026, with shareholders approving financial statements, director re-appointment, and related party transactions.

Quarterly Results

₹ Cr
CARTRADE quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
86
120
139
145
141
154
176
170
173
193
210
203
201
213
Expenses
81
99
113
118
120
122
126
123
130
130
131
132
138
137
Operating Profit
5
21
25
27
22
33
50
46
44
64
78
72
63
76
OPM %
6%
18%
18%
19%
16%
21%
28%
27%
25%
33%
37%
35%
31%
36%
Other Income
21
−2
−32
15.34
15
18
17
20
25
29
12
18
26
23
Interest
2
2
2
3
3
3
3
3
3
3
3
3
3
3
Depreciation
8
9.77
10
10
10
11
11
10
9
9
9
11
11
11
PBT
16
8
−19
31
24
37
53
53
57
80
78
75
75
85
Tax %
14%
34%
26%
20%
7%
17%
15%
14%
17%
20%
21%
6%
24%
23%
Net Profit
14
5
−24
25
23
31
46
46
47
64
62
71
57
66
EPS (₹)
2.77
0.64
−5.17
4.8
4.72
5.89
9.01
8.82
9.03
12.53
11.68
13.49
10.67
—

Sep 2026: from the results filed on 28 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
CARTRADE profit and loss, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
33
78
243
298
250
313
364
490
641
779
807
Expenses
195
131
213
258
210
446
330
410
490
522
531
Operating Profit
−162
−53
30
40
40
−133
34
80
152
258
276
OPM %
−499%
−68%
12%
14%
16%
−43%
9%
16%
24%
33%
34%
Other Income
18
20
24
20
32
46
64
3
70
84
84
Interest
0
0
3
4
5
7
9
10
12
12.48
13
Depreciation
1
3
15
17
20
25
29
37
41
39
40
PBT
−146
−37
35
39
47
−119
61
36
168
290
307
Tax %
0%
0%
27%
20%
−120%
2%
33%
44%
14%
16%
—
Net Profit
−146
−37
26
31
103
−121
40
20
145
244
253
EPS (₹)
−461
−107
48.39
63.43
258
−28.33
7.26
3.05
28.38
46.58
48.37
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
CARTRADE balance sheet, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
31
35
68
77
93
77
86
112
131
140
Other Liabilities
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
Fixed Assets
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
Other Assets
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 Flow

₹ Cr
CARTRADE cash flow, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
−50
35
17
35
63
48
16
171
257
Investing
—
−222
−20
−8
−341
−281
−17
13
−138
−231
Financing
—
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/EBITDA
—
99
174
65
114
−58
149
37
113
109

Ratios

CARTRADE financial ratios, annual
Particulars Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
15
ROCE %
—
−5%
—
2%
3%
−6%
3%
4%
8%
12%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view CarTrade Tech insights

57 extracted metrics across FY16–FY27.

Shareholding Pattern

As of Sep 2026

  • FIIs 51.20%
  • DIIs 19.40%
  • Public 18.13%
  • Others 11.28%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q1 FY27 concall · Sep 2026
    PPT
  • Q1 FY27 concall · Aug 2026
    Transcript PPT
  • Q1 FY27 concall · Jul 2026
    PPT
  • Q4 FY26 concall · Jun 2026
    PPT
  • Q4 FY26 concall · May 2026
    Transcript PPT

Frequently Asked Questions about CarTrade Tech

What does Cartrade Tech Ltd do?
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.
Where is Cartrade Tech Ltd (CARTRADE) listed?
Cartrade Tech Ltd trades as CARTRADE on the NSE and under code 543333 on the BSE.
Which sector does Cartrade Tech Ltd belong to?
Cartrade Tech Ltd is classified under the Retail sector, in the Ecommerce industry.
What is the PE ratio of Cartrade Tech Ltd?
Cartrade Tech Ltd trades at a PE ratio of 51.54 as of 4 Nov 2026, on earnings per share of ₹48.37, against a book value of ₹541.3 per share.
What is the 52-week high and low of Cartrade Tech Ltd?
Over the last 52 weeks Cartrade Tech Ltd has traded between ₹1,600 and ₹3,290.5 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Cartrade Tech Ltd?
Cartrade Tech Ltd reported a return on equity of 9.65%. Its debt-to-equity ratio is 0.06.

Company Information

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.

Website cartradetech.com
CEO Mr. Vinay Vinod Sanghi
Employees 1,158
Listed 20 Aug 2021
Face Value ₹10

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