MarketFriction

Cartrade Tech Ltd

NSE CARTRADE · BSE 543333 · E-Retail/ E-Commerce
₹2,806.60 -3.21%
NSE close2026-10-01
52 week range1,600.00 - 3,290.50
Market cap₹14,135 Cr.
P/E59.4
IPO 2021 · +73% since Nifty 500Smallcap 250 Price band 20% Delivery 40.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales120139145142154176170173193210203201
Expenses99113118120122126123130130131132138
Operating Profit212527223350464464787263
OPM %18%18%19%16%21%28%27%25%33%37%35%31%
Other Income-2-3217151817202529121826
Interest223333333333
Depreciation91010101111109991111
Profit before tax8-1931243753535780787575
Tax %34%26%20%7%17%15%14%17%20%21%6%24%
Net Profit5-2425233146464764627157
EPS in Rs0.64-5.174.804.725.899.018.829.0312.5311.6813.4910.67
Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3378243298250313364490641779807
Expenses195131213258210446330410490522531
Operating Profit-162-53304040-1333480152258276
OPM %-499%-68%12%14%16%-43%9%16%24%33%34%
Other Income182024203246643708484
Interest003457910121313
Depreciation13151720252937413940
Profit before tax-146-37353947-1196136168290307
Tax %0%0%27%20%-120%2%33%44%14%16%
Net Profit-146-372631103-1214020145244253
EPS in Rs-461.48-107.0948.3963.43258.07-28.337.263.0528.3846.5848.37
Dividend Payout %0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth37%26%29%20%
Compounded Profit Growth13%20%89%53%
Stock Price CAGR%18%74%19%
Return on Equity%3%6%10%
Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital333344747474748
Reserves9481,1851,1931,2241,6381,9331,9972,0232,1732,436
Borrowings31356877937786112131140
Other Liabilities3928159163189220210326353385
Total Liabilities1,0211,2521,4241,4671,9242,2762,3402,5082,7053,009
Fixed Assets7927891,0101,0161,0221,0411,0421,4891,4971,522
CWIP0000000001
Investments165405287295645884985510614910
Other Assets6558127157255351312509594576
Total Assets1,0211,2521,4241,4671,9242,2762,3402,5082,7053,009
Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-50351735634816171257
Cash from Investing Activity-222-20-8-341-281-1713-138-231
Cash from Financing Activity269-5-11308229-39-33-27-23
Net Cash Flow-39-2212-7-473
Free Cash Flow-50331230574113166231
CFO/OP99%174%65%114%-58%149%37%113%109%
Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days197995457694852554944
Inventory Days0
Days Payable417
Cash Conversion Cycle1979954-359694852554944
Working Capital Days148108-253535-19-10-24115
ROCE %-5%2%3%-6%3%4%8%12%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs70.14%71.93%69.71%59.31%51.63%55.12%60.96%67.30%68.51%64.58%60.15%54.37%
DIIs4.52%4.38%4.96%12.91%22.01%19.67%15.36%10.49%9.95%9.97%12.07%15.63%
Public25.33%23.68%25.33%27.78%26.36%25.21%23.68%22.20%21.54%25.44%27.79%29.98%
No. of Shareholders3,26,4173,05,5932,89,3842,79,1722,58,9902,27,2561,95,2011,77,0581,52,1031,54,4681,45,4421,45,505

Fundamentals

Market Cap₹ 14,135 Cr.
Current Price₹ 2,908
Stock P/E59.4
Book Value₹ 519
ROCE11.8 %
ROE9.65 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)53%
Consolidated figures.
Valuation
Market capRs 13,437 Cr
Enterprise valueRs 13,537 Cr
P/E (TTM)58.08x
Price to book5.41x
Price to sales16.64x
EV / EBITDA37.55x
EV / EBIT42.29x
EV / sales16.77x
Price to cash flow52.29x
Earnings yield1.72%
P/E, 3-year average100.86x
P/B, 3-year average2.71x
P/E, 5-year average89.05x
P/B, 5-year average2.08x
Profitability
Operating margin (excl. other income)33.07%
Operating margin (incl. other income)43.85%
EBITDA margin44.65%
Pre-tax margin38.08%
Net profit margin28.66%
Net margin, latest quarter25.47%
ROE9.48%
ROCE12.18%
ROA7.80%
ROE, 3-year average5.48%
ROCE, 3-year average7.43%
ROA, 3-year average4.52%
ROE, 5-year average2.17%
ROCE, 5-year average3.94%
ROA, 5-year average1.75%
ROIC (approx.)10.41%
Tax rate15.98%
Other income / net worth3.38%
Growth
Sales growth (latest year)21.48%
Profit growth (latest year)65.61%
Sales CAGR, 3 years28.91%
Sales CAGR, 5 years25.56%
Profit CAGR, 3 years87.19%
Profit CAGR, 5 years19.24%
Sales growth QoQ-0.97%
Profit growth QoQ-20.69%
Sales growth YoY (latest quarter)16.25%
Profit growth YoY (latest quarter)19.52%
Per share
EPS (TTM)Rs 48.32
EPS (latest year)Rs 46.58
EPS (latest quarter)Rs 10.70
EPS, 3-year averageRs 26.00
EPS, 5-year averageRs 11.39
Book value per shareRs 518.69
Sales per shareRs 168.63
Cash flow per shareRs 53.68
Free cash flow per shareRs 48.25
Efficiency
Asset turnover0.26x
Fixed asset turnover0.51x
Debtor days44 days
Debtors turnover8.38x
Creditor days417 days
Cash conversion cycle44 days
Working capital days15 days
Leverage
Total debtRs 140 Cr
Cash and bankRs 41 Cr
Net debtRs 99 Cr
Debt to equity0.06x
Net debt / EBITDA0.28x
Interest coverage25.32x
Current ratio (filing 2026-03-31)4.79x
Quick ratio (filing 2026-03-31)4.79x
Trade payables (filing 2026-03-31)Rs 32 Cr
Owners' fund to total sources82.53%
Debt to assets4.67%
Cash flow
Cash from Operating Activity (latest year)Rs 257 Cr
Cash from Investing Activity (latest year)Rs -231 Cr
Cash from Financing Activity (latest year)Rs -23 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs 231 Cr
FCFE (approx.: FCF + change in debt)Rs 240 Cr
Cash from ops / profit, 5 years1.69x
Sales to cash flow3.03x
Statement figures
Net sales (TTM)Rs 807 Cr
Net sales (latest year)Rs 779 Cr
Sales (latest quarter)Rs 201 Cr
Operating profit excl. other income (latest year)Rs 258 Cr
Operating profit (latest quarter)Rs 63 Cr
Other income (TTM)Rs 84 Cr
EBITDA (TTM)Rs 360 Cr
PBDT (TTM)Rs 348 Cr
Profit before tax (TTM)Rs 307 Cr
Tax (latest year)Rs 46 Cr
Net profit (TTM)Rs 231 Cr
Net profit (latest year)Rs 223 Cr
Net profit (latest quarter)Rs 51 Cr
Depreciation (TTM)Rs 40 Cr
Depreciation (latest quarter)Rs 11 Cr
Interest (TTM)Rs 13 Cr
Cost of goods sold (latest year)Rs 62 Cr
Total expenditure (latest year)Rs 522 Cr
Total income (latest year)Rs 863 Cr
Share capitalRs 48 Cr
ReservesRs 2,436 Cr
Shareholders' fundsRs 2,483 Cr
Total assetsRs 3,009 Cr
Net blockRs 1,522 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 910 Cr
ReceivablesRs 93 Cr
Other liabilitiesRs 385 Cr
Shares outstanding (crore)4.79
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 58.1 is at the 27th percentile of its own 4.0-year range (median 68.3, low 27.9, high 361.9).
P/B 5.41 is at the 89th percentile (median 2.12).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodCARTRADENifty 50Difference
1 week-6.6%-2.8% -3.8 pts
1 month-5.5%-6.8% +1.3 pts
3 months+4.0%-7.6% +11.6 pts
6 months+70.1%+0.4% +69.7 pts
1 year+14.4%-9.9% +24.3 pts
2 years+187.8%-13.6% +201.3 pts
3 years+410.0%+14.2% +395.8 pts
5 years+117.7%+27.9% +89.8 pts
81 mutual fund schemes hold about ₹2,038 Cr. Over three months 23 bought more and 18 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Tata Small Cap Fund2.42%317 +2%
HSBC Small Cap Fund1.03%197 +178%
Tata Digital India Fund1.62%166 -5%
Tata Value Fund(Div Trig Opt B-10%)Pay1.67%145 +3%
Tata India Consumer Fund4.74%138 -0%
Helios Flexi Cap Fund1.34%117 +5%
LIC MF Large & Midcap Fund3.13%100 +100%
Edelweiss Small Cap Fund0.94%68 +100%
ITI Small Cap Fund1.88%68 -10%
Tata Balanced Adv Fund0.74%65 +11%
Helios Mid Cap Fund1.77%39 -14%
TRUSTMF Small Cap Fund1.27%36 +100%
Union Small Cap Fund1.35%36 -9%
Bajaj Finserv Flexi Cap Fund0.44%36 +34%
WOC Flexi Cap Fund0.36%33 -4%
Union Small Cap Fund1.35%32 -9%
JM Flexi Cap Fund0.60%31 -9%
Union Innovation & Opp Fund2.31%29 +8%
Helios Small Cap Fund1.93%28 -14%
Edelweiss Large & Mid Cap Fund0.52%26 +100%
WOC Mid Cap Fund0.33%24 +10%
Bajaj Finserv Small Cap Fund0.77%20 +2%
Nippon India Nifty Smallcap 250 Index Fund0.57%20 +3%
WOC Multi Cap Fund0.47%20 -6%
Union Multicap Fund1.16%18 -3%

Red flags

F-score 7 of 8
lookAuditor change Auditor change 2026-07-29: Cartrade Tech Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹201 Cr +16.2% vs Jun 2025. Net profit ₹57 Cr +21.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2021-09-23 Extra Ordinary General Meeting
DateTypeWhat it says
2026-09-29Shareholder meetingVoting results.
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-24Investor PresentationInvestor Presentation
2026-09-24Press ReleaseA press release dated September 24, 2026, titled "Landmark Cars and OLX India Partner to Build Indias Leading Phygital Pre-Owned Car Platform".
2026-09-21Concall / analyst meetSchedule of meet
2026-09-17UpdatesAllotment of share under ESOP.
2026-09-15Press ReleaseA press release dated September 14, 2026, titled "Press Release".
2026-09-03UpdatesRegulation 36 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) read with Regulation 30.
2026-09-03Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-25CessationCessation of Mr Banwari Lal Sharma as Chief Executive Officer Consumer Business of the company w.e.f. August 25, 2026.
2026-08-07UpdatesAllotment of 1,85,500 equity shares under ESOP 2015 and ESOP 2021(I) of CarTrade Tech Limited.
2026-07-29Change in AuditorsChange in Auditors of the company.
2026-07-29Investor PresentationInvestor Presentation
2026-07-29Press ReleaseA press release dated July 29, 2026, titled "CarTrade Tech Records All-Time High Income of ₹230 Crore; EBITDA Surges 45% OLX India Income zooms ...
2026-07-29Board meeting outcomeCartrade Tech Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-29Press ReleaseA press release dated July 29, 2026, titled "CarTrade Tech and Spinny Partner to Transform Used Car Buying and Selling".
2026-07-23UpdatesAllotment of 3,03,500 equity shares under ESOP 2011, ESOP 2014, ESOP 2015 and ESOP 2021(I) of CarTrade Tech Limited.
2026-06-30Investor PresentationInvestor Presentation
2026-06-28Press ReleaseA press release dated Jun 28, 2026, titled "OLX India and IDFC FIRST Bank Partner to launch Used-Car Loans".
2026-06-24Concall / analyst meetSchedule of meet
2026-06-15Press ReleaseA press release dated Jun 15, 2026, titled "CarTrade Tech Launches CarTrade Used Auto".
2026-06-11UpdatesAllotment of 95,000 equity shares under ESOP 2010, ESOP 2011 and ESOP 2014 of CarTrade Tech Limited .
2026-06-05Press ReleaseA press release dated Jun 05, 2026, titled "OLX India s Elite Buyer Sign-ups Cross 80,000 in May 2026".
2026-06-03Concall / analyst meetSchedule of meet
2026-05-22Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 100perc in previous 6 monthsScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Cartrade Tech Ltd?

Cartrade Tech Ltd (CARTRADE) has a market capitalisation of Rs 14,135 Cr. at the 2026-10-01 close.

What is the P/E ratio of Cartrade Tech Ltd?

Cartrade Tech Ltd trades at a P/E of 59.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Cartrade Tech Ltd's latest quarterly results?

In the Jun 2026 quarter, Cartrade Tech Ltd sales was Rs 201 Cr (+16.2% vs Jun 2025) and net profit was Rs 57 Cr.

What is the 52-week high and low of Cartrade Tech Ltd?

The 52-week high is Rs 3,290.50 and the 52-week low is Rs 1,600.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03