Is CarTrade Tech a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that CarTrade Tech Ltd is a below average quality company .

Is CarTrade Tech undervalued or overvalued?

The key valuation ratios of CarTrade Tech Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is CarTrade Tech share price return in the past 10 years?

Data is not available for this company

Is CarTrade Tech a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of CarTrade Tech Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

CarTrade Tech Ltd - Stock Valuation and Financial Performance

Name: CarTrade Tech
Brand: CarTrade Tech

BSE: 543333 | NSE: CARTRADE | Automobiles - Dealers & Distributors | Small Cap

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CarTrade Tech Share Price

₹1,266.25 -39.00 -2.99%
as on 21-Nov'24 14:33

10 Year X-Ray of CarTrade Tech:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	-62.6%	-23%	-1.2%	0.5%	0.6%	0.8%	1.4%	-8.4%	2.4%	2.7%	-
Value Creation Index ⓘ	-5.6	-2.7	-1.1	-1.0	-1.0	-0.9	-0.9	-1.6	-0.8	-0.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	14.5	23	25.1	28.7	92.3	120	92.8	125	157	187	205
Sales YoY Gr.	-	58.5%	8.9%	14.7%	221.3%	30.4%	-23%	34.6%	25.5%	19.2%	-
Adj EPS ⓘ	-233.2	-458.9	-37.9	13.5	18	29.5	221.5	-31.3	7	9	10.2
YoY Gr.	-	NA	NA	NA	33.6%	63.9%	651.2%	-114.1%	NA	29.2%	-
BVPS (₹) ⓘ	480.5	3,043.5	3,535.3	3,549.4	3,408.2	3,437.5	4,419.5	370.9	377.4	386	443
Adj Net Profit ⓘ	-73.6	-145	-13.1	4.7	6.2	10.2	79.4	-146	32.6	42.2	48
Cash Flow from Ops. ⓘ	-74.1	-167	-36.6	-15.7	0.2	0.9	14.8	16.2	8	11.7	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	32.8%	15.1%	26.2%	19.2%
Adj EPS ⓘ	NA	-13%	-65.6%	29.2%
BVPSⓘ	-2.4%	-35.3%	-55.6%	2.3%
Share Price	-	-	6.4%	58.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-67.8	-25	-1.2	0.4	0.5	0.8	5.5	-8.2	1.7	2.1	2.5
Op. Profit Mgn % ⓘ	-521.2	-665	-159.3	-82.9	-12.3	-1.9	5.3	-143	-2	8.5	16.4
Net Profit Mgn % ⓘ	-507.1	-629.5	-52.1	16.2	6.7	8.4	85.6	-117	20.8	22.6	23.6
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	225	1,437	2,613	1,368	155	163	214	152	135	144	499
Cash Conv. Cycle ⓘ	48	72	55	16	26	51	75	66	45	65	473

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.50%

Sales growth is growing at healthy rate in last 3 years 26.24%

Sales growth is good in last 4 quarters at 18.27%

Net Profit has been subdued in last 3 years -65.64%

Latest Financials - CarTrade Tech Ltd.

	Standalone	Consolidated
TTM EPS (₹)	10.2	10.2
TTM Sales (₹ Cr.)	205	579
BVPS (₹.) ⓘ	443	450
Reserves (₹ Cr.) ⓘ	2,048	2,081
P/BV ⓘ	2.95	2.90
PE ⓘ	127.81	127.49

From the Market
52 Week Low / High (₹)	621.65 / 1336.40
All Time Low / High (₹)	341.05 / 1610.00
Market Cap (₹ Cr.)	6,174
Equity (₹ Cr.)	47.3
Face Value (₹)	10
Industry PE ⓘ	71.6

Management X-Ray of CarTrade Tech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of CarTrade Tech

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of CarTrade Tech

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	15	23	25	29	92	120	93	125	157	187
Operating Expenses ⓘ	90	176	65	53	104	123	88	303	160	171
Manufacturing Costs	0	0	0	0	1	1	0	1	1	2
Material Costs	0	0	0	0	0	17	1	9	1	0
Employee Cost	21	43	40	36	61	65	61	252	112	119
Other Costs ⓘ	69	132	25	17	42	39	25	42	46	50
Operating Profit ⓘ	-76	-153	-40	-24	-11	-2	5	-178	-3	16
Operating Profit Margin (%)	-521.0%	-665.0%	-159.0%	-82.9%	-12.2%	-1.8%	5.3%	-143.0%	-2.0%	8.5%
Other Income ⓘ	8	20	27	30	20	17	20	32	56	46
Interest ⓘ	0	0	0	0	0	1	0	1	1	1
Depreciation ⓘ	0	1	1	0	1	5	5	5	6	8
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-68	-134	-13	6	7	9	20	-152	46	54
Tax ⓘ	0	0	0	1	1	-1	-59	-6	14	11
Profit After Tax	-68	-134	-13	5	6	10	79	-146	33	42
PAT Margin (%)	-468.0%	-580.0%	-52.1%	16.2%	6.7%	8.5%	85.6%	-117.0%	20.8%	22.6%
Adjusted EPS (₹)	-215.0	-423.0	-37.9	13.5	18.0	29.5	221.5	-31.3	7.0	9.0
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	166	991	1,254	1,259	1,210	1,221	1,623	1,729	1,768	1,810
Share Capital ⓘ	17	34	38	38	38	38	42	47	47	47
Reserves ⓘ	149	958	1,216	1,221	1,172	1,182	1,581	1,683	1,721	1,763
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	9	8	4	4	13	11	12	9	8	8
Others Liabilities ⓘ	7	13	18	24	38	46	-8	173	208	234
Total Liabilities ⓘ	182	1,013	1,276	1,288	1,262	1,277	1,627	1,912	1,984	2,051
Fixed Assets
Gross Block	1	2	2	2	804	813	819	828	832	843
Accumulated Depreciation	1	1	2	2	19	22	27	31	37	44
Net Fixed Assetsⓘ	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
Inventories	0	0	0	0	1	0	2	1	0	0
Trade Receivables	4	8	5	3	27	31	31	21	36	50
Cash Equivalents ⓘ	28	5	2	5	14	10	13	49	12	9
Others Assetsⓘ	10	160	186	21	26	22	23	27	31	31
Total Assets ⓘ	182	1,013	1,276	1,288	1,262	1,277	1,627	1,912	1,984	2,051

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-74	-167	-37	-16	0	1	15	16	8	12
PBT ⓘ	-68	-134	-13	6	7	9	20	-152	46	54
Adjustment ⓘ	-7	-18	-25	-28	-10	-1	-9	161	-21	-19
Changes in Working Capital ⓘ	2	-14	1	6	5	-8	5	9	-17	-14
Tax Paid ⓘ	-1	-1	1	0	-2	1	-1	-2	0	-9
Cash Flow From Investing Activity ⓘ	-82	-789	-243	18	8	-1	-329	-251	-17	-10
Capex	-82	-1	0	0	0	-1	-2	-3	-3	-6
Net Investments	0	0	-226	162	7	3	-327	-249	-18	516
Others ⓘ	0	-788	-17	-144	1	-2	0	0	4	-520
Cash Flow From Financing Activityⓘ	183	953	276	0	0	-4	317	244	-1	-5
Net Proceeds from Shares ⓘ	183	953	276	0	0	0	322	238	4	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	-1	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	-4	-4	6	-4	-6
Net Cash Flow ⓘ	26	-2	-4	2	9	-4	3	8	-10	-3

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-70	-24.02	-1.2	0.38	0.52	0.86	5.73	-8.82	1.86	2.36
ROCE (%)	-62.56	-23.03	-1.16	0.45	0.56	0.8	1.42	-8.44	2.39	2.67
Asset Turnover Ratio	0.12	0.04	0.02	0.02	0.07	0.09	0.06	0.07	0.08	0.09
PAT to CFO Conversion(x)	N/A	N/A	N/A	-3.2	0	0.1	0.19	N/A	0.24	0.29
Working Capital Days
Receivable Days	73	93	96	52	60	88	122	76	67	84
Inventory Days	0	0	0	0	4	1	3	4	0	0
Payable Days	0	0	0	0	0	261	3,317	441	2,458	0

CarTrade Tech Ltd Stock News

CarTrade Tech Ltd FAQs

What is the share price of CarTrade Tech?

Company share prices are keep on changing according to the market conditions. The closing price of CarTrade Tech on 21-Nov-2024 14:33 is ₹1,266.3.

What is the market cap of CarTrade Tech?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 14:33 the market cap of CarTrade Tech stood at ₹6,174.

What is the P/E ratio of CarTrade Tech?

The latest P/E ratio of CarTrade Tech as of 21-Nov-2024 14:33 is 127.8.

What is the P/B ratio of CarTrade Tech?

The latest P/B ratio of CarTrade Tech as of 21-Nov-2024 14:33 is 2.95.

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

The 52-week high of CarTrade Tech is ₹1,336.4 and the 52-week low is ₹621.6.

What is the TTM revenue of CarTrade Tech?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CarTrade Tech is ₹204.6 ( Cr.) .

About CarTrade Tech Ltd

CarTrade Tech is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. Its platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz. Through these platforms, it enable new and used automobile customers, vehicle dealerships, vehicle OEMs and other businesses to buy and sell their vehicles in a simple and efficient manner. Its vision is to create an automotive digital ecosystem which connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders. It offers a variety of solutions across the automotive transaction value chain for marketing, buying, selling and financing of new and pre-owned cars, two-wheelers as well as pre-owned commercial vehicles and farm and construction equipment.

It has an advanced and sophisticated technology platform. Its data-driven digital platforms operate on an integrated technology infrastructure which is powered by its self-collected data and analytics. It leverage data to increase the effectiveness of its brands, enhance the customer experience, analyse market dynamics at scale, calibrate the search results on its platforms and optimise the inventory management by dealers and OEMs. Its platforms are operated by 221 technology employees working at its three technology centers as of June 30, 2021. Its technology platforms are both scalable and vertically integrated across the entire value chain, which allows it to address each step of the vehicle life cycle.

Business area of the company

The company is a multi-channel auto platform provider company. The company operates various brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz.

Awards, accreditations and recognitions

2007: ‘Red Herring 100 Winner Asia’ awarded to Automotive Exchange Private Limited by Red Herring as one of the Top 100 Private Companies of 2007.
2008: PC World Web Awards’ awarded www.carwale.com by PC World India for Overall Performance in the Automobile category.
2011: ‘Digital Awards, Best Auto Content Website’ awarded to www.carwale.com by Internet and Mobile Association of India.
2012: ‘Digital Awards, Best Auto Content Website’ awarded to www.carwale.com by Internet and Mobile Association of India.
2012: Fleet Enabler of the Year’ awarded to SAMIL by Apollo CV.
2015: A Milestone in Auto Loans’ awarded by HDFC Bank to ‘CarWale’ for an auto loan portfolio of Rs 50,000 crore.
2015: SAMIL was recognised in the Limca Book of Records, National Record for organising 6,683 online bidding events for acquisition and disposal of pre-owned vehicles and equipment.
2015: SAMIL was recognised in the Limca Book of Records, National Record for organising 2,466 physical bidding events for acquisition and disposal of pre-owned vehicles.
2015: ‘Transportation Leadership Award - Fleet Enabler of the Year’ awarded to SAMIL by Kamikaze.
2015: ‘Transportation Leadership Award- Innovation in Transportation’ awarded to SAMIL by Kamikaze.
2016: Best Disruptive Innovation of the Year Automotive’ awarded to SAMIL by Disruptive Tech & Innovation Awards, 2016.
2015: Transportation Leadership Award - Excellence in Customer Experience’ awarded to SAMIL by Kamikaze.
2017: ‘2017 Leaders Awards’ awarded to SAMIL for achieving fastest growing brand for pre-owned vehicles of the year by 24 MRC.
2017: Award for ‘Best Service Provider of 2017’ awarded to SAMIL by CIA World, Builders & Infra Awards 2017.
2018: ‘Mumbai Brand Summit & Hot Brands 2018’ awarded to Automotive Exchange Private Limited (Carwale.com) by ‘Paul Writer’.
2018: Best Employee Engagement in Service Sector’ awarded to SAMIL by ET Now.
2019: ‘Best Employer Brand Awards’ awarded to SAMIL by Zee Business.
2020: ‘Best Pre-owned Commercial Vehicles Company’ awarded to SAMIL by CIA World Builders and Building Material Awards, 2020.
2021: Nation Wide Awards 2021’ awarded to SAMIL for Best Innovation (Digital Physical Event) in Pre-owned Automobile Industry by Business Mint.
2021: Nation Wide Awards 2021’ awarded to SAMIL for Excellence in Pre-owned Automobile Industry by Business Mint.
2021: Asia Feather Awards in ‘Best in class pre-owned vehicles & equipment auction company’ to SAMIL by Feather Touch.

Major events and milestones

2009: Canaan VIII Mauritius invested Rs 45 million by subscribing to 18,00,000 Series A Preference Shares and 100 Equity Shares of the Company.
2010: Launch of B2B and C2B auctions.
2011: Epiphany Overseas Ventures invested Rs 112.79million by subscribing to 1,385,228 Series B Preference Shares and 100 Equity Shares of the Company.
2011: Tiger Global Six India II Holdings invested Rs 328.53 million by subscribing to 2,377,123 Series C Preference Shares and 100 Equity Shares of the Company.
2012: Launch of CarTrade.com and CarTradeExchange.com.
2014: Highdell Investment Ltd invested Rs 1,372.51 million by subscribing to 4,549,018 Series D Preference Shares and 100 Equity Shares of the Company.
2015: Springfield Venture International invested Rs 1,270 million by subscribing to 2,011,133 Series E Preference Shares of the Company.
2016: Acquired Automotive Exchange Private Limited owners of brand name CarWale and BikeWale for a sum of $100.07 million.
2016: MacRitchie Investments invested Rs 3,323 million by subscribing to 5,854,525 Series F Preference Shares of the Company.
2017: MacRitchie Investments invested Rs 2,422.90 million by subscribing to 3,594,499 Series G Preference Shares of the Company.
2017: Acquired AISPL (Adroit) for a sum of Rs 129.98 million.
2018: Acquired 51% (55.43% on actual basis) of the paid-up share capital of SAMIL, on a fully diluted basis, for a sum of Rs 1,563.76 million.
2020: MacRitchie Investments invested Rs 1,071.90 million by subscribing to 1,299,075 Series H Preference Shares.
2020: Highdell Investment invested Rs 1,071.90 million by subscribing to 1,299,075 Series H Preference Shares and MCP3 SPV LLC invested Rs 1,071.90 million by subscribing to 1,299,075 Series H Preference Shares.