Cartrade Tech Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 29, 2024, 8:30 pm

Market Cap	7,401 Cr.
Current Price	1,565
High / Low	1,718/622
Stock P/E	79.7
Book Value	450
Dividend Yield	0.00 %
ROCE	4.20 %
ROE	0.42 %
Face Value	10.0
PEG Ratio	-1.46

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Cartrade Tech Ltd

Competitors of Cartrade Tech Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
FSN E-Commerce Ventures Ltd	45,647 Cr.	160	230/140	1,067	4.57	0.00 %	6.87 %	2.44 %	1.00
Fone4 Communications (India) Ltd	26.5 Cr.	15.5	16.8/3.78		3.34	0.00 %	48.6 %	62.7 %	10.0
Cartrade Tech Ltd	7,401 Cr.	1,565	1,718/622	79.7	450	0.00 %	4.20 %	0.42 %	10.0
Zomato Ltd	2,61,766 Cr.	271	305/122	353	24.1	0.00 %	1.14 %	1.12 %	1.00
Add-Shop E-Retail Ltd	43.5 Cr.	15.4	33.2/13.2		39.6	0.00 %	6.15 %	2.91 %	10.0
Industry Average	78,766.00 Cr	280.99		258.70	89.71	0.00%	10.76%	9.96%	7.75

All Competitor Stocks of Cartrade Tech Ltd

Quarterly Result

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	78	89	93	83	88	97	96	86	120	139	145	141	154
Expenses	111	117	119	80	80	87	84	81	99	113	118	120	122
Operating Profit	-33	-28	-26	2	8	11	12	5	21	25	27	22	33
OPM %	-42%	-31%	-28%	3%	9%	11%	12%	6%	18%	18%	19%	15%	21%
Other Income	11	14	13	10	15	19	21	21	-2	-32	17	16	18
Interest	2	2	2	2	2	2	2	2	2	2	3	3	3
Depreciation	7	6	6	7	7	7	8	8	9	10	10	10	11
Profit before tax	-31	-22	-21	4	14	20	23	16	8	-19	31	24	37
Tax %	16%	-18%	-0%	13%	59%	30%	24%	14%	34%	26%	20%	7%	17%
Net Profit	-35	-18	-21	3	6	14	18	14	5	-24	25	23	31
EPS in Rs	-8.22	-5.02	-5.51	0.55	0.74	2.79	3.19	2.77	0.64	-5.17	4.80	4.72	5.89

Last Updated: November 6, 2024, 7:05 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:48 pm

Month	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	33	78	243	298	250	313	364	490	545
Expenses	195	131	213	258	210	446	330	410	450
Operating Profit	-162	-53	30	40	40	-133	34	80	95
OPM %	-499%	-68%	12%	14%	16%	-43%	9%	16%	18%
Other Income	18	20	24	20	32	46	64	3	-2
Interest	0	0	3	4	5	7	9	10	10
Depreciation	1	3	15	17	20	25	29	37	39
Profit before tax	-146	-37	35	39	47	-119	61	36	45
Tax %	0%	0%	27%	20%	-120%	2%	33%	44%
Net Profit	-146	-37	26	31	103	-121	40	20	29
EPS in Rs	-461.48	-107.09	48.39	63.43	258.07	-28.33	7.26	3.05	4.99
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2016-2017	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	74.66%	19.23%	232.26%	-217.48%	133.06%	-50.00%
Change in YoY Net Profit Growth (%)	0.00%	-55.43%	213.03%	-449.73%	350.53%	-183.06%

Cartrade Tech Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2016-2017 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	15%
3 Years:	25%
TTM:	45%

Compounded Profit Growth
10 Years:	%
5 Years:	1%
3 Years:	-55%
TTM:	69%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	21%
1 Year:	113%

Return on Equity
10 Years:	%
5 Years:	0%
3 Years:	-1%
Last Year:	0%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:36 pm

Month	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	3	3	3	3	4	47	47	47	47
Reserves	948	1,185	1,193	1,224	1,638	1,933	1,997	2,023	2,081
Borrowings	31	35	68	77	93	77	86	112	123
Other Liabilities	39	28	159	163	189	220	210	326	318
Total Liabilities	1,021	1,252	1,424	1,467	1,924	2,276	2,340	2,508	2,569
Fixed Assets	792	789	1,010	1,016	1,022	1,041	1,042	1,489	1,492
CWIP	0	0	0	0	0	0	0	0	0
Investments	165	405	287	295	645	884	985	510	559
Other Assets	65	58	127	157	255	351	312	509	518
Total Assets	1,021	1,252	1,424	1,467	1,924	2,276	2,340	2,508	2,569

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-50	35	17	35	63	48	16
Cash from Investing Activity +	-222	-20	-8	-341	-281	-17	13
Cash from Financing Activity +	269	-5	-11	308	229	-39	-33
Net Cash Flow	-3	9	-2	2	12	-7	-4

Free Cash Flow

Month	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-193.00	-88.00	-38.00	-37.00	-53.00	-210.00	-52.00	-32.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	197	99	54	57	69	48	52	55
Inventory Days				0
Days Payable				417
Cash Conversion Cycle	197	99	54	-359	69	48	52	55
Working Capital Days	148	108	-7	44	47	-5	6	-11
ROCE %		-5%		2%	3%	-6%	3%	4%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
FIIs	17.21%	17.55%	19.55%	21.49%	72.47%	69.95%	69.69%	70.14%	71.93%	69.71%	59.31%	51.63%
DIIs	7.46%	6.20%	5.44%	5.25%	5.37%	4.51%	4.61%	4.52%	4.38%	4.96%	12.91%	22.01%
Public	75.33%	76.25%	75.01%	73.26%	22.14%	25.55%	25.69%	25.33%	23.68%	25.33%	27.78%	26.36%
No. of Shareholders	4,58,482	4,24,642	4,01,581	3,80,637	3,67,934	3,54,671	3,43,391	3,26,417	3,05,593	2,89,384	2,79,172	2,58,990

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
ICICI Prudential Technology Fund	500,618	0.32	39.53	159,993	2024-12-29	212.9%
HDFC Large and Mid Cap Fund - Regular Plan	231,768	0.09	14.79	159,993	2024-12-29	44.86%
Aditya Birla Sun Life Balanced Advantage Fund	159,993	0.18	12.63	159,993	2024-12-29	0%
HDFC Infrastructure Fund - Regular Plan	92,700	0.36	5.91	159,993	2024-12-29	-42.06%
ICICI Prudential Retirement Fund - Pure Equity	71,444	0.93	5.64	159,993	2024-12-29	-55.35%
Motilal Oswal Nifty Microcap 250 Index Fund	30,542	0.28	2.41	159,993	2024-12-29	-80.91%
ICICI Prudential Retirement Fund - Hybrid Aggressive	11,340	0.26	0.9	159,993	2024-12-29	-92.91%
Groww Nifty Total Market Index Fund	145	0.01	0.01	159,993	2024-12-29	-99.91%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	3.05	7.28	-28.72	22.06	84.72
Diluted EPS (Rs.)	2.81	6.71	-28.72	19.19	6.77
Cash EPS (Rs.)	12.23	14.77	-20.72	337.61	125.72
Book Value[Excl.RevalReserv]/Share (Rs.)	441.48	436.22	444.92	4809.21	3728.48
Book Value[Incl.RevalReserv]/Share (Rs.)	441.48	436.22	444.92	4809.21	3728.48
Revenue From Operations / Share (Rs.)	104.49	77.65	67.08	696.66	864.76
PBDIT / Share (Rs.)	30.86	20.70	-18.86	198.66	171.76
PBIT / Share (Rs.)	22.88	14.57	-24.16	143.06	130.77
PBT / Share (Rs.)	20.91	12.93	-25.55	131.07	118.62
Net Profit / Share (Rs.)	4.26	8.63	-26.03	282.01	84.72
NP After MI And SOA / Share (Rs.)	3.05	7.26	-28.33	254.48	54.48
PBDIT Margin (%)	29.52	26.66	-28.11	28.51	19.86
PBIT Margin (%)	21.89	18.76	-36.02	20.53	15.12
PBT Margin (%)	20.00	16.65	-38.09	18.81	13.71
Net Profit Margin (%)	4.07	11.11	-38.80	40.48	9.79
NP After MI And SOA Margin (%)	2.91	9.34	-42.24	36.52	6.29
Return on Networth / Equity (%)	0.69	1.66	-6.67	5.55	1.52
Return on Capital Employeed (%)	4.73	3.09	-5.24	2.81	3.31
Return On Assets (%)	0.56	1.45	-5.79	4.72	1.29
Asset Turnover Ratio (%)	0.20	0.15	0.06	12.93	0.09
Current Ratio (X)	3.33	8.14	7.98	7.12	4.56
Quick Ratio (X)	3.33	8.14	7.97	7.11	4.56
Inventory Turnover Ratio (X)	0.00	0.00	0.00	158.33	0.00
Interest Coverage Ratio (X)	15.65	12.64	-13.63	16.57	14.14
Interest Coverage Ratio (Post Tax) (X)	9.88	6.27	-17.81	24.52	7.98
Enterprise Value (Cr.)	2975.83	1867.72	2744.75	0.00	0.00
EV / Net Operating Revenue (X)	6.07	5.13	8.78	0.00	0.00
EV / EBITDA (X)	20.57	19.26	-31.22	0.00	0.00
MarketCap / Net Operating Revenue (X)	6.10	4.99	8.67	0.00	0.00
Price / BV (X)	1.44	0.88	1.37	0.00	0.00
Price / Net Operating Revenue (X)	6.10	4.99	8.67	0.00	0.00
EarningsYield	0.00	0.01	-0.04	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Cartrade Tech Ltd as of December 30, 2024 is: 153.65

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 30, 2024, Cartrade Tech Ltd is Overvalued by 90.18% compared to the current share price 1,565.00

Intrinsic Value of Cartrade Tech Ltd as of December 30, 2024 is: 69.79

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 30, 2024, Cartrade Tech Ltd is Overvalued by 95.54% compared to the current share price 1,565.00

Last 5 Year EPS CAGR: -54.58%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (1,580.22 cr) compared to borrowings (78.00 cr), indicating strong financial stability.	The stock has a low average ROCE of 0.13%, which may not be favorable. The stock has a high average Working Capital Days of 41.25, which may not be favorable. The stock has a high average Cash Conversion Cycle of 26.88, which may not be favorable. The company has not shown consistent growth in sales (290.44) and profit (-4.33).

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Cartrade Tech Ltd:
1. Net Profit Margin: 4.07%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 4.73% (Industry Average ROCE: 10.76%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 0.69% (Industry Average ROE: 9.96%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 9.88
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 3.33
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 79.7 (Industry average Stock P/E: 194.03)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

CarTrade Tech Ltd. is a Private Limited Listed company incorporated on 28/04/2000 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74900MH2000PLC126237 and registration number is 126237. Currently company belongs to the Industry of E-Commerce - Electronics/Food/Others. Company’s Total Operating Revenue is Rs. 124.85 Cr. and Equity Capital is Rs. 46.62 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
E-Commerce - Electronics/Food/Others	12th Floor, New Mumbai Maharashtra 400705	investor@cartrade.com http://www.cartradetech.com

Management
Name	Position Held
Mr. Vinay Vinod Sanghi	Chairman & Managing Director
Mr. Aneesha Bhandary	Executive Director & CFO
Mr. Victor Anthony Perry III	Non Exe.Non Ind.Director
Mrs. Kishori Jayendra Udeshi	Ind. Non-Executive Director
Mr. Vivek Gul Asrani	Ind. Non-Executive Director
Mr. Lakshminarayanan Subramanian	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of Cartrade Tech Ltd?

The latest intrinsic value of Cartrade Tech Ltd as on 30 December 2024 is ₹153.65, which is 90.18% lower than the current market price of ₹1,565.00. The stock has a market capitalization of 7,401 Cr. and recorded a high/low of 1,718/622 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹2,081 Cr and total liabilities of ₹2,569 Cr.

What is the Market Cap of Cartrade Tech Ltd?

The Market Cap of Cartrade Tech Ltd is 7,401 Cr..

What is the current Stock Price of Cartrade Tech Ltd as on 30 December 2024?

The current stock price of Cartrade Tech Ltd as on 30 December 2024 is 1,565.

What is the High / Low of Cartrade Tech Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Cartrade Tech Ltd stocks is 1,718/622.

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

The Stock P/E of Cartrade Tech Ltd is 79.7.

What is the Book Value of Cartrade Tech Ltd?

The Book Value of Cartrade Tech Ltd is 450.

What is the Dividend Yield of Cartrade Tech Ltd?

The Dividend Yield of Cartrade Tech Ltd is 0.00 %.

What is the ROCE of Cartrade Tech Ltd?

The ROCE of Cartrade Tech Ltd is 4.20 %.

What is the ROE of Cartrade Tech Ltd?

The ROE of Cartrade Tech Ltd is 0.42 %.

What is the Face Value of Cartrade Tech Ltd?

The Face Value of Cartrade Tech Ltd is 10.0.