Cartrade Tech Ltd
CARTRADECartrade Tech Ltd
CARTRADE
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 125.21 | 2.81 | — |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| -134.63 | 14.31 | 0.36% |
Forecast & Ratings
Detailed Forecast from 5 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
The company operates the portal CarTrade.com. CarTrade.com is an online automotive classifieds platforms and focuses on business-to-business marketplace for used vehicles in India.
Investor Presentation
View olderPeers
Compare with peersZomato Ltd
Info Edge (India) Ltd
Swiggy Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ cr.
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 358.95 | 266.81 | 318.44 | 281.52 | 358.95 | 427.72 | 555.23 | 642.96 | ||||||||
Raw Materials | 446.88 | 0.94 | 16.22 | 2.81 | 8.40 | 5.24 | 0.00 | 517.81 | ||||||||
| Power & Fuel Cost | 2.00 | 2.26 | 1.67 | 2.04 | 2.71 | 3.29 | ||||||||||
| Employee Cost | 127.61 | 133.08 | 130.11 | 332.77 | 205.33 | 246.06 | ||||||||||
| Selling & Administrative Expenses | 72.86 | 90.59 | 67.55 | 87.45 | 104.52 | 112.23 | ||||||||||
| Operating & Other expenses | 9.79 | 15.81 | 7.79 | 15.51 | 11.97 | 110.12 | ||||||||||
EBITDA | -87.93 | 53.61 | 60.48 | 71.59 | -87.22 | 97.95 | 83.53 | 125.15 | ||||||||
| Depreciation/Amortization | 24.74 | 15.22 | 17.38 | 19.93 | 24.74 | 28.74 | 37.39 | 40.65 | ||||||||
| PBIT | -112.67 | 38.39 | 43.10 | 51.66 | -111.96 | 69.21 | 46.14 | 84.50 | ||||||||
| Interest & Other Items | 6.45 | 2.95 | 4.19 | 4.68 | 7.16 | 8.64 | 10.25 | 10.34 | ||||||||
| PBT | -119.12 | 35.44 | 38.91 | 46.98 | -119.12 | 60.57 | 35.89 | 74.16 | ||||||||
| Taxes & Other Items | 12.99 | 18.74 | 17.04 | -45.51 | 12.99 | 26.57 | 21.59 | 25.76 | ||||||||
| Net Income | -132.11 | 16.70 | 21.87 | 92.49 | -132.11 | 34.00 | 14.30 | 48.40 | ||||||||
| EPS | -28.72 | 48.42 | 63.40 | 262.99 | -52.63 | 7.28 | 3.05 | 10.32 | ||||||||
| DPS | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||
| Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Investor Presentation
Peers & Comparison
Communication ServicesOnline Services
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Cartrade Tech Ltd | 423.78 | 2.81 | — |
| Zomato Ltd | 655.47 | 11.27 | — |
| Info Edge (India) Ltd | 179.83 | 3.27 | 0.27% |
| Swiggy Ltd | -39.68 | 11.97 | — |
Price Comparison
Compare CARTRADE with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Decreased Total Retail Holding
In last 3 months, retail holding in the company has decreased by 1.12%
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 7.69%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 8.53%
Top 5 Mutual Funds holding Cartrade Tech Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
ICICI Prudential India Opportunities Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 3.0286% | Percentage of the fund’s portfolio invested in the stock 0.76% | Change in the portfolio weight of the stock over the last 3 months 0.11% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 32/92 (-3) |
Mirae Asset ELSS Tax Saver Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.5386% | Percentage of the fund’s portfolio invested in the stock 0.62% | Change in the portfolio weight of the stock over the last 3 months 0.62% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 70/99 (+25) |
Mirae Asset Large & Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.4703% | Percentage of the fund’s portfolio invested in the stock 0.39% | Change in the portfolio weight of the stock over the last 3 months 0.39% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 89/105 (+11) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
No Dividends
CARTRADE has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
Hmm, looks like data is unavailable here. Please come back after some timeCarTrade Tech announced an outstanding performance during the Diwali-Dussehra festive period from its Consumer Group (CarWale and BikeWale), achieving an all-time highs in October 2024. Reflecting on this success, the consumer group expects to report an impressive 30% year-over-year (YoY) revenue growth for the third quarter. Monthly unique customers in October 2024 for the Consumer Group platforms surged by 36% YoY, marking a substantial increase in consumer engagement and traffic. Banwari Lal Sharma, CEO of Consumer Group said, 'This festive season has been excellent for CarWale and BikeWale. Our platforms have seen unprecedented consumer interest, resulting in record revenues and traffic growth. This performance is a testament to our dedication and commitment of delivering value to consumers and partners alike. We are excited about our growth trajectory and remain focused on further enhancing our offerings to meet the evolving needs of the automotive market.'Powered by Capital Market - Live
The Board of CarTrade Tech on 28th October 2024 has approved the allotment of 1,250 equity shares of face value of Rs. 10/- (Rupees Ten Only) each to eligible Employee pursuant to Exercise of vested options under Employee Stock Option Plan 2021 (I) ['ESOP 2021 (I)'].Powered by Capital Market - Live
Net profit of Cartrade Tech rose 826.25% to Rs 27.88 crore in the quarter ended September 2024 as against Rs 3.01 crore during the previous quarter ended September 2023. Sales rose 28.50% to Rs 154.21 crore in the quarter ended September 2024 as against Rs 120.01 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales154.21120.01 28 OPM %21.2017.65 - PBDT47.7834.86 37 PBT37.1425.78 44 NP27.883.01 826 Powered by Capital Market - Live
Revenue from operations jumped 28.49% YoY to Rs 154.20 crore in Q1 FY25 in Q2 FY25. Profit before tax (PBT) stood at Rs 37.14 crore in Q2 FY25, up 44% YoY. Total income increased 26.72% to Rs 172.22 crore in Q2 FY25 as compared with Rs 135.91 crore in Q2 FY24. Average monthly unique visitors in Q2FY25 stood at around 77 million, more than 95% of which are organic. Vinay Sanghi, chairman and founder, CarTrade Tech, said, 'We are pleased to report a remarkable financial performance for Q2FY25, achieving the highest-ever quarterly revenue of Rs. 172 crore, marking a 27% growth year-over-year. This robust quarter-on-quarter performance has resulted in a 44% increase in profit before tax, underscoring the strength and leadership across all segments we operate in. Our results also reflect the operating leverage built into our model, driving a substantial increase in EBITDA by 54% and lifting our profit after tax to Rs 31 crore this quarter.' CarTrade Tech operates an automotive digital ecosystem which connects automobile customers, Automotive Manufacturers (OEMs), dealers, banks, insurance companies and other stakeholders. The platform operates under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange and Adroit Auto. Through these platforms, the company enables new and used automobile customers, vehicle dealerships, OEMs and other businesses to buy and sell their vehicles in a simple and efficient manner.Powered by Capital Market - Live
Cartrade Tech will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live
Cartrade Tech announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live
Cartrade Tech has allotted 50,000 equity shares under ESOP on 13 August 2024. Consequently, the paid up equity share capital has increased to Rs. 47,30,00,850, consisting of 4,73,00,085 equity shares of face value of Rs. 10 each. Powered by Capital Market - Live
Cartrade Tech consolidated net profit rises 71.23% in the June 2024 quarter
Net profit of Cartrade Tech rose 71.23% to Rs 22.26 crore in the quarter ended June 2024 as against Rs 13.00 crore during the previous quarter ended June 2023. Sales rose 64.03% to Rs 141.18 crore in the quarter ended June 2024 as against Rs 86.07 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales141.1886.07 64 OPM %15.296.36 - PBDT34.2324.14 42 PBT24.1615.77 53 NP22.2613.00 71 Powered by Capital Market - Live
Cartrade Tech will hold a meeting of the Board of Directors of the Company on 30 July 2024.Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 15.79%, vs industry avg of 23.66%
Decreasing Market Share
Over the last 5 years, market share decreased from 2.5% to 1.17%