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CarTrade Tech Ltd.
(CARTRADE)
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Rating:64Neutral
Price Target:
₹2,635.00
▲(6.95% Upside)
Action:Downgraded
Date:10/29/26
The score is primarily supported by strong recent financial performance and a low-leverage balance sheet, but is materially weighed down by bearish technical signals (price below key moving averages and negative MACD) and a high P/E valuation with no dividend yield data to offset the premium.
Positive Factors
Revenue Growth
Sustained revenue expansion indicates that CarTrade Tech is increasing monetization across its automotive digital ecosystem and gaining activity from market participants. Continued top-line growth can support operating leverage, broader platform relevance, and reinvestment in technology and services over the next several quarters.
Negative Factors
Earnings Volatility
The history of a significant loss and sizable annual profitability swings makes the latest earnings improvement less certain as a durable baseline. Such volatility can complicate planning, reduce confidence in forward earnings power, and leave results more sensitive to changes in operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained revenue expansion indicates that CarTrade Tech is increasing monetization across its automotive digital ecosystem and gaining activity from market participants. Continued top-line growth can support operating leverage, broader platform relevance, and reinvestment in technology and services over the next several quarters.
Read all positive factors
CarTrade Tech Ltd. (CARTRADE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹106.46B
Dividend YieldN/A
Average Volume (3M)17.33K
Price to Earnings (P/E)45.4
Beta (1Y)1.34
Revenue Growth16.13%
EPS Growth22.25%
CountryIN
Employees1,152
SectorGeneral
Sector StrengthN/A
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)48.45
Shares Outstanding48,614,883
10 Day Avg. Volume23,484
30 Day Avg. Volume17,330
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)3.37
Price to Sales (P/S)10.74
P/FCF Ratio36.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)59.84
Revenue Forecast (FY)₹9.50B
CarTrade Tech Ltd. Business Overview & Revenue Model
Company Description
CarTrade Tech Limited, founded in 2000 and based in Navi Mumbai, India, operates a comprehensive multi-channel digital platform for the automotive industry, facilitating the purchase and sale of both new and pre-owned vehicles. The company assists...
How the Company Makes Money
CarTrade Tech primarily makes money by monetizing its automotive marketplaces and allied technology/services offered to participants in the vehicle ecosystem (dealers, OEMs, and other auto-industry partners). Key revenue streams generally include:...
CarTrade Tech Ltd. Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.07B | 7.79B | 6.41B | 4.90B | 3.64B | 3.13B |
| Gross Profit | 5.27B | 7.79B | 3.53B | 2.41B | 1.49B | -304.39M |
| EBITDA | 3.61B | 3.41B | 1.51B | 810.98M | 345.95M | -1.34B |
| Net Income | 2.31B | 2.23B | 1.35B | 143.03M | 339.98M | -1.32B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 30.09B | 27.05B | 25.10B | 23.43B | 22.81B |
| Cash, Cash Equivalents and Short-Term Investments | 9.44B | 9.44B | 7.94B | 6.74B | 10.27B | 9.35B |
| Total Debt | 0.00 | 1.40B | 1.31B | 1.12B | 864.28M | 774.55M |
| Total Liabilities | -26.18B | 3.91B | 3.79B | 3.53B | 2.21B | 2.06B |
| Stockholders Equity | 26.18B | 24.83B | 22.21B | 20.70B | 20.43B | 19.79B |
Cash Flow | ||||||
| Free Cash Flow | 903.20M | 2.30B | 1.66B | 129.62M | 411.05M | 573.84M |
| Operating Cash Flow | 923.88M | 2.57B | 1.71B | 158.73M | 482.16M | 631.57M |
| Investing Cash Flow | -739.64M | -2.31B | -1.38B | -1.10B | -165.51M | -2.81B |
| Financing Cash Flow | -141.05M | -233.65M | -268.17M | -329.25M | -391.22M | 2.29B |
CarTrade Tech Ltd. Technical Analysis
Negative
2463.80
Price Trends
2954.63
Negative
2821.99
Negative
2400.99
Negative
Market Momentum
-96.67
Positive
25.65
Positive
17.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CARTRADE, the sentiment is Negative. The current price of 2463.8 is below the 20-day moving average (MA) of 2890.51, below the 50-day MA of 2954.63, and above the 200-day MA of 2400.99, indicating a bearish trend. The MACD of -96.67 indicates Positive momentum. The RSI at 25.65 is Positive, neither overbought nor oversold. The STOCH value of 17.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CARTRADE.
CarTrade Tech Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹106.46B | 45.44 | ― | ― | 16.13% | 22.25% | |
61 Neutral | ₹125.01B | 24.15 | ― | 1.13% | 24.48% | 4.36% | |
56 Neutral | ₹87.06B | 17.41 | ― | 1.32% | 12.54% | -11.70% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹110.61B | 48.01 | ― | 0.18% | 15.91% | 10.45% | |
46 Neutral | ₹18.19B | 40.38 | ― | 0.34% | 20.72% | 128.08% | |
40 Underperform | ₹6.48B | -265.59 | ― | 0.23% | 25.16% | 90.49% |
* General Sector Average
IN:CARTRADE
CarTrade Tech Ltd.
2,189.95
-823.75
-27.33%
IN:CEATLTD
CEAT Limited
3,090.55
-898.97
-22.53%
IN:JBMA
JBM Auto Limited
467.70
-196.08
-29.54%
IN:JKTYRE
JK Tyre & Industries Limited
302.00
-126.29
-29.49%
IN:LANDMARK
Landmark Cars Ltd.
438.65
-184.57
-29.62%
IN:PVSL
Popular Vehicles and Services Limited
91.02
-53.48
-37.01%
CarTrade Tech Ltd. Corporate Events
Landmark Cars and OLX India Join Forces on Phygital Used-Car Platform
Sep 24, 2026
Landmark Cars Limited and OLX India, part of CarTrade Tech Limited, have formed a strategic partnership to build an integrated “phygital” platform for India’s pre-owned car market, combining Landmark’s nationwide dealership...
CarTrade Tech Publishes New Investor Presentation for Market Stakeholders
Sep 24, 2026
CarTrade Tech Ltd. has released an investor presentation in compliance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements. The presentation has been filed with both BSE and NSE and is also accessible on the company&...
CarTrade Tech, Spinny Forge Strategic Tie-Up to Elevate India’s Used Car Market
Jul 29, 2026
CarTrade Tech has entered into a strategic partnership with Spinny, a full-stack used-car platform, to streamline and enhance used car buying and selling across its CarWale and OLX India marketplaces. The tie-up combines CarTrade’s large dig...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.