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Last Updated: April 2, 2026, 4:18 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543333 | NSE: CARTRADE

Cartrade Tech Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,016.69Overvalued by 42.10%vs CMP ₹1,756.00

P/E (41.0) × ROE (6.2%) × BV (₹487.00) × DY (2.00%)

₹921.91Overvalued by 47.50%vs CMP ₹1,756.00
MoS: -90.5% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2,387.3423%Under (+36%)
Graham NumberEarnings₹678.8817%Over (-61.3%)
Earnings PowerEarnings₹67.5411%Over (-96.2%)
DCFCash Flow₹1,095.4111%Over (-37.6%)
Net Asset ValueAssets₹486.627%Over (-72.3%)
EV/EBITDAEnterprise₹376.359%Over (-78.6%)
Earnings YieldEarnings₹420.607%Over (-76%)
ROCE CapitalReturns₹120.217%Over (-93.2%)
Revenue MultipleRevenue₹133.876%Over (-92.4%)
Consensus (9 models)₹921.91100%Overvalued
Key Drivers: EPS CAGR 134.8% lifts DCF — verify sustainability. | Wide model spread (₹68–₹2,387) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 134.8%

*Investments are subject to market risks

Investment Snapshot

71
Cartrade Tech Ltd scores 71/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health57/100 · Moderate
ROCE 7.6% WeakROE 6.2% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 3.62% (6mo) AccumulatingDII holding down 5.39% MF selling
Earnings Quality65/100 · Strong
OPM expanding (-17% → 20%) Improving
Quarterly Momentum100/100 · Strong
Revenue (4Q): +21% YoY AcceleratingProfit (4Q): +75% YoY StrongOPM: 37.0% (up 9.0% YoY) Margin expansion
Industry Rank75/100 · Strong
P/E 41.0 vs industry 194.9 Cheaper than peersROCE 7.6% vs industry 9.7% Average3Y sales CAGR: 27% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:18 am

Market Cap 8,408 Cr.
Current Price 1,756
Intrinsic Value₹921.91
High / Low 3,291/1,362
Stock P/E41.0
Book Value 487
Dividend Yield0.00 %
ROCE7.59 %
ROE6.24 %
Face Value 10.0
PEG Ratio0.30

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

View Share Price Target for Cartrade Tech Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Cartrade Tech Ltd 8,408 Cr. 1,756 3,291/1,36241.0 4870.00 %7.59 %6.24 % 10.0
FSN E-Commerce Ventures Ltd 68,709 Cr. 240 286/160454 4.850.00 %9.59 %5.16 % 1.00
Zomato Ltd 2,28,250 Cr. 237 368/190988 31.90.00 %2.66 %1.71 % 1.00
Nandani Creation Ltd 52.4 Cr. 27.4 51.0/24.431.9 33.50.00 %11.2 %7.85 % 10.0
Add-Shop E-Retail Ltd 17.6 Cr. 6.21 12.0/5.5716.6 40.00.00 %4.26 %3.03 % 10.0
Industry Average101,789.00 Cr268.67194.9092.790.00%9.70%10.97%8.00

All Competitor Stocks of Cartrade Tech Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 979686120139145142154176170173193210
Expenses 87848199113118120122126123130130131
Operating Profit 1112521252722335046446478
OPM % 11%12%6%18%18%19%16%21%28%27%25%33%37%
Other Income 192121-2-321715181720252912
Interest 2222233333333
Depreciation 7889101010111110999
Profit before tax 2023168-193124375353578078
Tax % 30%24%14%34%26%20%7%17%15%14%17%20%21%
Net Profit 1418145-242523314646476462
EPS in Rs 2.793.192.770.64-5.174.804.725.899.018.829.0312.5311.68

Last Updated: February 2, 2026, 5:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 2:10 am

MetricMar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3378243298250313364490641746
Expenses 195131213258210446330410490514
Operating Profit -162-53304040-1333480152232
OPM % -499%-68%12%14%16%-43%9%16%24%31%
Other Income 1820242032466437086
Interest 0034579101212
Depreciation 131517202529374137
Profit before tax -146-37353947-1196136168268
Tax % 0%0%27%20%-120%2%33%44%14%
Net Profit -146-372631103-1214020145219
EPS in Rs -461.48-107.0948.3963.43258.07-28.337.263.0528.3842.06
Dividend Payout % 0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)74.66%19.23%232.26%-217.48%133.06%-50.00%625.00%
Change in YoY Net Profit Growth (%)0.00%-55.43%213.03%-449.73%350.53%-183.06%675.00%

Cartrade Tech Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:17%
3 Years:27%
TTM:23%
Compounded Profit Growth
10 Years:%
5 Years:56%
3 Years:44%
TTM:98%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:58%
1 Year:172%
Return on Equity
10 Years:%
5 Years:1%
3 Years:3%
Last Year:6%

Last Updated: September 5, 2025, 2:51 pm

Balance Sheet

Last Updated: December 10, 2025, 4:02 am

MonthMar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 333344747474748
Reserves 9481,1851,1931,2241,6381,9331,9972,0232,1732,282
Borrowings 31356877937786112131128
Other Liabilities 3928159163189220210326353362
Total Liabilities 1,0211,2521,4241,4671,9242,2762,3402,5082,7052,820
Fixed Assets 7927891,0101,0161,0221,0411,0421,4891,4971,492
CWIP 0000000000
Investments 165405287295645884985510614739
Other Assets 6558127157255351312509594589
Total Assets 1,0211,2521,4241,4671,9242,2762,3402,5082,7052,820

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -50351735634816171
Cash from Investing Activity + -222-20-8-341-281-1713-138
Cash from Financing Activity + 269-5-11308229-39-33-27
Net Cash Flow -39-2212-7-47
Free Cash Flow -50331230574113166
CFO/OP 99%174%65%114%-58%149%37%114%

Free Cash Flow

MonthMar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-193.00-88.00-38.00-37.00-53.00-210.00-52.00-32.0021.00

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

MonthMar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1979954576948525549
Inventory Days 0
Days Payable 417
Cash Conversion Cycle 1979954-3596948525549
Working Capital Days 148108-253535-19-10-241
ROCE %-5%2%3%-6%3%4%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
FIIs 69.95%69.69%70.14%71.93%69.71%59.31%51.63%55.12%60.96%67.30%68.51%64.58%
DIIs 4.51%4.61%4.52%4.38%4.96%12.91%22.01%19.67%15.36%10.49%9.95%9.97%
Public 25.55%25.69%25.33%23.68%25.33%27.78%26.36%25.21%23.68%22.20%21.54%25.44%
No. of Shareholders 3,54,6713,43,3913,26,4173,05,5932,89,3842,79,1722,58,9902,27,2561,95,2011,77,0581,52,1031,54,468

Shareholding Pattern Chart

No. of Shareholders

Cartrade Tech Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Tata Small Cap Fund 1,000,000 1.68 180.1814,3312026-03-11 09:18:4422.8%
Tata Digital India Fund 560,070 1.02 100.87N/AN/AN/A
Tata Value Fund 483,730 0.99 87.12441,0002026-02-23 00:58:089.69%
Tata India Consumer Fund 459,888 3.33 82.83453,3402026-01-26 05:08:541.44%
ITI Small Cap Fund 235,463 1.56 42.41257,0842026-03-11 09:18:44-8.41%
Tata Balanced Advantage Fund 210,080 0.39 37.8485,0802026-03-12 03:32:06146.92%
JM Flexicap Fund 113,162 0.4 20.38N/AN/AN/A
WhiteOak Capital Flexi Cap Fund 105,490 0.26 1961,1652026-01-26 05:42:4072.47%
Union Small Cap Fund 85,000 0.86 15.31N/AN/AN/A
JM Midcap Fund 53,230 0.85 9.5961,0002026-01-26 06:09:47-12.74%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 28.483.057.28-28.7222.06
Diluted EPS (Rs.) 26.422.816.71-28.7219.19
Cash EPS (Rs.) 39.2312.2314.77-20.72337.61
Book Value[Excl.RevalReserv]/Share (Rs.) 468.11441.48436.22444.924809.21
Book Value[Incl.RevalReserv]/Share (Rs.) 468.11441.48436.22444.924809.21
Revenue From Operations / Share (Rs.) 135.15104.4977.6567.08696.66
PBDIT / Share (Rs.) 46.4630.8620.70-18.86198.66
PBIT / Share (Rs.) 37.8522.8814.57-24.16143.06
PBT / Share (Rs.) 35.4220.9112.93-25.55131.07
Net Profit / Share (Rs.) 30.624.268.63-26.03282.01
NP After MI And SOA / Share (Rs.) 28.383.057.26-28.33254.48
PBDIT Margin (%) 34.3729.5226.66-28.1128.51
PBIT Margin (%) 28.0021.8918.76-36.0220.53
PBT Margin (%) 26.2020.0016.65-38.0918.81
Net Profit Margin (%) 22.654.0711.11-38.8040.48
NP After MI And SOA Margin (%) 21.002.919.34-42.2436.52
Return on Networth / Equity (%) 6.060.691.66-6.675.55
Return on Capital Employeed (%) 7.324.733.09-5.242.81
Return On Assets (%) 4.970.561.45-5.794.72
Asset Turnover Ratio (%) 0.240.200.150.0612.93
Current Ratio (X) 3.703.338.147.987.12
Quick Ratio (X) 3.703.338.147.977.11
Inventory Turnover Ratio (X) 0.000.000.000.00158.33
Interest Coverage Ratio (X) 19.1215.6512.64-13.6316.57
Interest Coverage Ratio (Post Tax) (X) 13.579.886.27-17.8124.52
Enterprise Value (Cr.) 7825.222975.831867.722744.750.00
EV / Net Operating Revenue (X) 12.216.075.138.780.00
EV / EBITDA (X) 35.5020.5719.26-31.220.00
MarketCap / Net Operating Revenue (X) 12.166.104.998.670.00
Price / BV (X) 3.511.440.881.370.00
Price / Net Operating Revenue (X) 12.166.104.998.670.00
EarningsYield 0.010.000.01-0.040.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 is involved in the business activities of Operation of other websites that act as portals to the internet, such as media sites providing periodically updated content. Company's Total Operating Revenue is Rs. 237.72 Cr. and Equity Capital is Rs. 47.44 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
E-Commerce - Electronics/Food/Others12th Floor, New Mumbai Maharashtra 400705Contact not found
Management
NamePosition Held
Mr. Vinay Vinod SanghiChairman & Managing Director
Ms. Aneesha BhandaryExecutive Director & CFO
Mr. Victor Anthony Perry IIINon Executive Director
Mrs. Kishori Jayendra UdeshiIndependent Director
Mr. Vivek Gul AsraniInd. Non-Executive Director
Mr. S LakshminarayananInd. Non-Executive Director
Mr. Steven Douglas GreenfieldInd. Non-Executive Director

FAQ

What is the intrinsic value of Cartrade Tech Ltd and is it undervalued?

As of 13 April 2026, Cartrade Tech Ltd's intrinsic value is ₹921.91, which is 47.50% lower than the current market price of ₹1,756.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (6.24 %), book value (₹487), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Cartrade Tech Ltd?

Cartrade Tech Ltd is trading at ₹1,756.00 as of 13 April 2026, with a FY2026-2027 high of ₹3,291 and low of ₹1,362. The stock is currently near its 52-week low. Market cap stands at ₹8,408 Cr..

How does Cartrade Tech Ltd's P/E ratio compare to its industry?

Cartrade Tech Ltd has a P/E ratio of 41.0, which is below the industry average of 194.90. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Cartrade Tech Ltd financially healthy?

Key indicators for Cartrade Tech Ltd: ROCE of 7.59 % is on the lower side compared to the industry average of 9.70%; ROE of 6.24 % is below ideal levels (industry average: 10.97%). Dividend yield is 0.00 %.

Is Cartrade Tech Ltd profitable and how is the profit trend?

Cartrade Tech Ltd reported a net profit of ₹145 Cr in Mar 2025 on revenue of ₹641 Cr. Compared to ₹-121 Cr in Mar 2022, the net profit shows an improving trend.

Does Cartrade Tech Ltd pay dividends?

Cartrade Tech Ltd has a dividend yield of 0.00 % at the current price of ₹1,756.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Cartrade Tech Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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