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Last Updated on: 22 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 543333 | NSE: CARTRADE

Fundamental Analysis of Cartrade Tech Ltd

Basic Stock Data

Last Updated: May 22, 2024, 6:54 pm

Market Cap 4,369 Cr.
Current Price 932
High / Low974/413
Stock P/E74.3
Book Value 441
Dividend Yield0.00 %
ROCE4.79 %
ROE2.86 %
Face Value 10.0
PEG Ratio-1.40

Data Source: screener.in

Competitors of Cartrade Tech Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Intrasoft Technologies Ltd 194 Cr. 128192/10819.8 1430.00 %7.64 %5.03 % 10.0
Nandani Creation Ltd 64.4 Cr. 56.0107/41.8131 25.10.00 %6.19 %1.78 % 10.0
Zomato Ltd 1,63,607 Cr. 186207/62.8466 23.10.00 %1.77 %1.76 % 1.00
Pace E-Commerce Ventures Ltd 68.1 Cr. 30.234.2/15.828.5 32.40.00 %5.41 %3.39 % 10.0
Add-Shop E-Retail Ltd 49.1 Cr. 17.344.6/15.53.89 40.40.00 %38.0 %26.4 % 10.0
Industry Average32,796.52 Cr83.50129.8452.800.00%11.80%7.67%8.20

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales82537889938388979686120139145
Expenses66101111117119808087848199113118
Operating Profit16-48-33-28-262811125212527
OPM %19%-90%-42%-31%-28%3%9%11%12%6%18%18%19%
Other Income10101114131015192121-2-3217
Interest1522222222223
Depreciation517667778891010
Profit before tax19-45-31-22-214142023168-1931
Tax %18%-3%-16%18%0%13%59%30%24%14%34%-26%20%
Net Profit16-46-35-18-21361418145-2425
EPS in Rs36.97-68.40-8.22-5.02-5.510.550.742.793.192.770.64-5.174.80

Last Updated: May 11, 2024, 11:52 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 27, 2024, 1:31 am

MonthMar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3378243298250313364441
Expenses195131213258210446330377
Operating Profit-162-53304040-1333464
OPM %-499%-68%12%14%16%-43%9%14%
Other Income182024203246647
Interest00345799
Depreciation13151720252935
Profit before tax-146-37353947-1196127
Tax %-0%0%27%20%-120%-2%33%
Net Profit-146-372631103-1214013
EPS in Rs-461.48-107.0948.3963.43258.07-28.337.261.43
Dividend Payout %0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)74.66%19.23%232.26%-217.48%133.06%
Change in YoY Net Profit Growth (%)0.00%-55.43%213.03%-449.73%350.53%

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:7%
TTM:22%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:32%
TTM:2815%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:73%
Return on Equity
10 Years:%
5 Years:%
3 Years:0%
Last Year:2%

Last Updated: April 15, 2024, 11:35 am

Balance Sheet

Last Updated: May 15, 2024, 12:20 pm

MonthMar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital33334474747
Reserves9481,1851,1931,2241,6381,9331,9972,024
Preference Capital313535353900
Borrowings00344255778694
Other Liabilities7063194198228220210328
Total Liabilities1,0211,2521,4241,4671,9242,2762,3402,493
Fixed Assets7927891,0101,0161,0221,0411,0421,476
CWIP00000000
Investments165405287295645884985449
Other Assets6558127157255351312567
Total Assets1,0211,2521,4241,4671,9242,2762,3402,493

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -50351735634816
Cash from Investing Activity -222-20-8-341-281-17-110
Cash from Financing Activity 269-5-11308229-39-33
Net Cash Flow-39-2212-7-127

Free Cash Flow

MonthMar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-193.00-88.00-5.005.001.00-133.0034.00

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 2023
Debtor Days197995457694852
Inventory Days0
Days Payable417
Cash Conversion Cycle1979954-359694852
Working Capital Days148108-74447-56
ROCE %-5%2%3%-6%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
FIIs16.03%17.21%17.55%19.55%21.49%72.47%69.95%69.69%70.14%71.93%69.71%
DIIs8.18%7.46%6.20%5.44%5.25%5.37%4.51%4.61%4.52%4.38%4.96%
Public75.79%75.33%76.25%75.01%73.26%22.14%25.55%25.69%25.33%23.68%25.33%
No. of Shareholders5,24,3054,58,4824,24,6424,01,5813,80,6373,67,9343,54,6713,43,3913,26,4173,05,5932,89,384

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
ICICI Prudential Technology Fund500,6180.3239.53
HDFC Large and Mid Cap Fund - Regular Plan231,7680.0914.79
Aditya Birla Sun Life Balanced Advantage Fund159,9930.1812.63
HDFC Infrastructure Fund - Regular Plan92,7000.365.91
ICICI Prudential Retirement Fund - Pure Equity71,4440.935.64
Motilal Oswal Nifty Microcap 250 Index Fund30,5420.282.41
ICICI Prudential Retirement Fund - Hybrid Aggressive11,3400.260.9
Groww Nifty Total Market Index Fund1450.010.01

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)7.28-28.7222.0684.7281.98
Diluted EPS (Rs.)6.71-28.7219.196.776.56
Cash EPS (Rs.)14.77-20.72337.61125.7298.65
Book Value[Excl.RevalReserv]/Share (Rs.)453.07444.924809.213728.483612.61
Book Value[Incl.RevalReserv]/Share (Rs.)453.07444.924809.213728.483612.61
Revenue From Operations / Share (Rs.)77.6567.08696.66864.76705.30
PBDIT / Share (Rs.)20.70-18.86198.66171.76132.40
PBIT / Share (Rs.)14.57-24.16143.06130.77115.73
PBT / Share (Rs.)12.93-25.55131.07118.62114.07
Net Profit / Share (Rs.)8.63-26.03282.0184.7281.98
NP After MI And SOA / Share (Rs.)7.26-28.33254.4854.4848.08
PBDIT Margin (%)26.66-28.1128.5119.8618.77
PBIT Margin (%)18.76-36.0220.5315.1216.40
PBT Margin (%)16.65-38.0918.8113.7116.17
Net Profit Margin (%)11.11-38.8040.489.7911.62
NP After MI And SOA Margin (%)9.34-42.2436.526.296.81
Return on Networth / Equity (%)1.66-6.675.551.521.37
Return on Capital Employeed (%)3.09-5.242.813.313.10
Return On Assets (%)1.45-5.794.721.291.20
Asset Turnover Ratio (%)0.150.0612.930.090.07
Current Ratio (X)8.147.987.124.564.26
Quick Ratio (X)8.147.977.114.564.25
Inventory Turnover Ratio (X)0.000.00158.330.000.00
Interest Coverage Ratio (X)12.64-13.6316.5714.1479.78
Interest Coverage Ratio (Post Tax) (X)6.27-17.8124.527.9850.40
Enterprise Value (Cr.)1867.722744.750.000.000.00
EV / Net Operating Revenue (X)5.138.780.000.000.00
EV / EBITDA (X)19.26-31.220.000.000.00
MarketCap / Net Operating Revenue (X)4.998.670.000.000.00
Price / BV (X)0.881.370.000.000.00
Price / Net Operating Revenue (X)4.998.670.000.000.00
EarningsYield0.01-0.040.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹955.86

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.

Undervalued: 2.56% compared to the current price ₹932

Intrinsic Value: ₹447.72

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 51.96% compared to the current price ₹932

Last 5 Year EPS CAGR: -53.16%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (1,517.63 cr) compared to borrowings (21.88 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of -0.43%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 48.71, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 22.86, which may not be favorable.
  4. The company has not shown consistent growth in sales (252.50) and profit (-11.63).

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: 11.11%
      • 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: 3.09% (Industry Average ROCE: 11.8%)
      • 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%: 1.66% (Industry Average ROE: 7.67%)
      • 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): 6.27
      • 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: 8.14
      • 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: 74.3 (Industry average Stock P/E: 129.84)
      • 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: N/A
      • 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.
INDUSTRYADDRESSCONTACT
E-Commerce - Electronics/Food/Others12th Floor, New Mumbai Maharashtra 400705investor@cartrade.com
http://www.cartradetech.com
Management
NamePosition Held
Mr. Vinay Vinod SanghiChairman & M.D & CEO
Mr. Aneesha BhandaryExecutive Director & CFO
Mr. Victor Anthony Perry IIINon Exe.Non Ind.Director
Mr. Kishori Jayendra UdeshiInd. Non-Executive Director
Mr. Vivek Gul AsraniInd. Non-Executive Director
Mr. Lakshminarayanan SubramanianInd. Non-Executive Director

FAQ

What is the latest fair value of Cartrade Tech Ltd?

The latest fair value of Cartrade Tech Ltd is ₹955.86.

What is the Market Cap of Cartrade Tech Ltd?

The Market Cap of Cartrade Tech Ltd is 4,369 Cr..

What is the current Stock Price of Cartrade Tech Ltd as on 22 May 2024?

The current stock price of Cartrade Tech Ltd as on 22 May 2024 is ₹932.

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

In FY 2024, the High / Low of Cartrade Tech Ltd stocks is ₹974/413.

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

The Stock P/E of Cartrade Tech Ltd is 74.3.

What is the Book Value of Cartrade Tech Ltd?

The Book Value of Cartrade Tech Ltd is 441.

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 4.79 %.

What is the ROE of Cartrade Tech Ltd?

The ROE of Cartrade Tech Ltd is 2.86 %.

What is the Face Value of Cartrade Tech Ltd?

The Face Value of Cartrade Tech Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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