CARTRADEConsumer Services

Cartrade Tech Limited

E-Retail/ E-Commerce · ISIN INE290S01011 · BSE 543333 · NSE EQ · FV ₹10
Last price
₹2,938
+1.83%today
What this company does

Cartrade Tech Limited operates in E-Retail/ E-Commerce, part of the Consumer Services sector. It booked ₹201 cr of revenue in its latest quarter (Q1 FY27) and kept 25.5% of sales as profit. It is the 6th largest of 9 E-Retail/ E-Commerce companies we track, by market value.

To build a thriving ecosystem where entrepreneurs innovate, Redefining Marketplaces Through grow, and reshape markets. By fostering partnerships, embracing Scale, Trust, and Technology inclusivity, and focusing on customers, we aim to drive economic impact and redefine the future of marketplaces. At CarTrade Tech, we are creating one of India’s most comprehensive digital ecosystems for vehicles and used products.
In the report:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Consumer Services, on all six measures of filed financials. Each measure is ranked against the 16–46 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns54

How much profit it earns on the money it employs

Balance sheet92

How much it owes, and whether earnings cover the interest

Cash quality61

Whether reported profit actually arrives as cash

Growth & consistency88

Whether sales and profit have grown, and how steadily

Valuation43

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Looks broadly healthyPriced in line with peers
Strengths
Makes a profit
Strong 25% net margin
Sales up 16% vs last year
Profit up 20% vs last year
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in CARTRADE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹2,938 +1.83%
latest close · 2026-09-17
1-year return
+105.7%
52-wk low ₹46052-wk high ₹3,254
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio68.7High
LowAverageHigh
P/B ratio5.68High
Below bookModerateHigh
EV / EBITDA39.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.3%Fair
WeakFairStrong ▸15%
Return on capital11.3%Fair
WeakFairStrong
Net margin25.5%Strong
ThinDecentStrong
EBITDA margin44.0%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover24.4×Strong
RiskyOkayStrong ▸5×
Current ratio4.79Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹14,109 cr
Book value
₹517
EPS
₹10.69
latest quarter
Net debt
₹-31 cr
more cash than debt
Enterprise value
₹14,078 cr
EBITDA
₹354 cr
annualised
EBIT
₹311 cr
annualised
Operating margin
38.6%
Return on assets
6.8%
Earnings yield
1.46%
P/S
17.53
Sales / share
₹167.6
Tax rate
23.8%
Face value
₹10
Shares
4.8 cr
Working capital
₹977 cr
Current assets
₹1,235 cr
Current liabilities
₹258 cr
Delivery %
36.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹847₹963, midpoint ₹905

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹201 cr
Other Income₹29 cr
Total Income₹230 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹83 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹11 cr
Other Expenses₹55 cr
Total Expenses₹152 cr
Exceptional Items₹-3 cr
Profit before Tax₹75 cr
Tax Expense₹18 cr
Net Profit₹57 cr
Net margin on total income24.7%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹83 cr36.8%
Finance costs₹3 cr1.4%
Depreciation & amortisation₹11 cr4.8%
Other expenses₹55 cr24.1%
Tax expense₹18 cr7.8%
Profit for the period₹57 cr25.0%
Total income ₹230 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue210 cr203 cr201 cr
Total income228 cr221 cr230 cr
Expenses144 cr146 cr152 cr
Profit before tax78 cr75 cr75 cr
Tax16 cr4 cr18 cr
Net profit (owners' share)56 cr65 cr51 cr
Net margin (owners' share, on revenue)26.6%31.8%25.5%
EPS (₹)11.7013.5010.69
YoY (latest quarter): total income +15.7% · net profit +19.5%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹3,009 cr
Shareholder equity
₹2,483 cr
parent shareholders
Total debt
₹0 cr
Cash
₹31 cr
Cash flow · H1 FY26
Operating
₹92 cr
Investing
₹-74 cr
Financing
₹-14 cr
Peer comparison
E-Retail/ E-Commerce · by market value
CompanyPriceMarket capP/E
ETERNAL LIMITED₹322₹2.97 L cr805.9
Meesho Limited₹207₹95,542 cr
FSN E-Commerce Ventures Limited₹324₹92,748 cr289.1
Swiggy Limited₹277₹72,443 cr
Urban Company Limited₹163₹23,975 cr
Cartrade Tech Limitedthis company₹2,938₹14,109 cr68.7
Brainbees Solutions Limited₹169₹8,220 cr
RattanIndia Enterprises Limited₹26₹3,645 cr59.9
Intrasoft Technologies Limited₹90₹147 cr8.1
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
FII / Foreign
54.4%
DII / Domestic
15.6%
Retail / others
30.0%
Smart-money activity
Insider trades
SoldRajiv H Singh · -40,000 · ₹4.7 cr1 Nov 21
BoughtRajiv H Singh · -40,000 · ₹4.7 cr1 Nov 21
SoldPiyush Kanaiyalal Thakker · -12,000 · ₹1.4 cr29 Oct 21
Bulk / block deals
short · NSE3516 Sep 26
short · NSE67 Sep 26
short · NSE5027 Jul 26
Stake changes
SoldMacRitchie Investments Pte. Ltd.→ 7.75% · 3.05 L14 Jul 26
BoughtTata Mutual Fund→ 5.01% · 90,52228 Jan 26
SoldGoldman Sachs Asset Management International→ 4.65% · 11.88 L10 Oct 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 3 Mar 2026
See the official result
1
TO CONSIDER AND APPROVE INCREASE IN REMUNERATION OF MRS. ANEESHA BHANDARY (DIN: 07779195), EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER (CFO) OF THE COMPANY.
Backed by 100% of shareholders other than promotersneeded 75%
2.57 cr votes for, 17,756 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.