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 ₹ 3,942 Cr.
- Current Price ₹ 835
- High / Low ₹ 974 / 484
- Stock P/E 93.5
- Book Value ₹ 439
- Dividend Yield 0.00 %
- ROCE 2.66 %
- ROE 2.08 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of -1.25% over last 3 years.
- Earnings include an other income of Rs.46.3 Cr.
- Debtor days have increased from 81.1 to 97.5 days.
- Working capital days have increased from 376 days to 1,023 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.
Peer comparison
Sector: Retail Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
15 | 23 | 25 | 29 | 92 | 120 | 93 | 125 | 157 | 187 | |
90 | 176 | 65 | 53 | 104 | 123 | 88 | 303 | 160 | 171 | |
Operating Profit | -76 | -153 | -40 | -24 | -11 | -2 | 5 | -178 | -3 | 16 |
OPM % | -521% | -665% | -160% | -83% | -12% | -2% | 5% | -143% | -2% | 9% |
8 | 20 | 27 | 30 | 20 | 17 | 20 | 32 | 56 | 46 | |
Interest | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 |
Depreciation | 0 | 1 | 0 | 0 | 1 | 5 | 5 | 5 | 6 | 8 |
Profit before tax | -68 | -134 | -13 | 6 | 7 | 9 | 20 | -152 | 46 | 54 |
Tax % | 0% | -0% | 0% | 19% | 11% | -10% | -292% | 4% | 30% | 21% |
-68 | -134 | -13 | 5 | 6 | 10 | 79 | -146 | 33 | 42 | |
EPS in Rs | -215.45 | -423.21 | -37.86 | 13.45 | 18.00 | 29.54 | 221.55 | -31.33 | 6.96 | 9.00 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 26% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 43% |
3 Years: | -19% |
TTM: | 29% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 56% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | -1% |
Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 47 | 47 | 47 |
Reserves | 149 | 960 | 1,221 | 1,229 | 1,188 | 1,206 | 1,608 | 1,889 | 1,952 | 2,011 |
Preference Capital | 14 | 31 | 35 | 35 | 35 | 35 | 39 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 5 | 5 | 8 | 6 | 7 | |
30 | 50 | 52 | 55 | 71 | 64 | 70 | 34 | 31 | 33 | |
Total Liabilities | 182 | 1,013 | 1,276 | 1,288 | 1,262 | 1,277 | 1,686 | 1,977 | 2,035 | 2,099 |
1 | 1 | 1 | 0 | 786 | 790 | 792 | 797 | 795 | 800 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 140 | 839 | 1,083 | 1,258 | 408 | 423 | 767 | 1,017 | 1,111 | 1,162 |
41 | 173 | 192 | 29 | 68 | 64 | 127 | 163 | 130 | 137 | |
Total Assets | 182 | 1,013 | 1,276 | 1,288 | 1,262 | 1,277 | 1,686 | 1,977 | 2,035 | 2,099 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
-16 | 0 | 1 | 15 | 16 | 8 | 12 | ||||
18 | 8 | -1 | -329 | -251 | -17 | -10 | ||||
0 | 0 | -4 | 317 | 244 | -1 | -5 | ||||
Net Cash Flow | 2 | 9 | -4 | 3 | 8 | -10 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 88 | 131 | 71 | 42 | 106 | 95 | 120 | 62 | 84 | 97 |
Inventory Days | 0 | 51 | ||||||||
Days Payable | 235 | 391 | ||||||||
Cash Conversion Cycle | 88 | 131 | 71 | 42 | 106 | -139 | 120 | -278 | 84 | 97 |
Working Capital Days | 16 | 2,341 | 2,519 | 56 | 57 | 69 | 75 | 29 | 75 | 1,023 |
ROCE % | -26% | -3% | -1% | -1% | 1% | 1% | -8% | 2% |
Documents
Announcements
- Closure of Trading Window 28 Jun
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 27 Jun
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 25 Jun
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 25 Jun
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Disclosure Under Regulation 30 Of SEBI (LODR), Regulations, 2015
22 Jun - Of demand letter from Income Tax Department on June 21, 2024
Annual reports
Concalls
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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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 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Apr 2023TranscriptNotesPPT REC
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Feb 2023Transcript PPT REC
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Jan 2023TranscriptNotesPPT
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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 2022TranscriptNotesPPT
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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