CarTrade Tech Ltd. (CARTRADE) AI Stock Analysis

CarTrade Tech Ltd.

(NSE:CARTRADE)

Select Model

Rating:66Neutral

Price Target:INR 2,660.00▲(17.35% Upside)

Action:downgraded

Date:10/29/26

The score is primarily influenced by solid financial performance with strong balance sheet and cash flow improvements. This is offset by bearish technical indicators and stretched valuation metrics.

Positive Factors

Revenue GrowthSustained 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 VolatilityThe 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.

CarTrade Tech Ltd. (CARTRADE) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 106.46B
Dividend Yield: ―
Average Volume (3M): 22.06K
Price to Earnings (P/E): 45.4
Beta (1Y): 1.34
Revenue Growth: 16.13%
EPS Growth: 22.25%
Country: India
Employees: 1,152
Sector: General
Sector Strength: 55
Industry: Auto - Dealerships

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 ne...

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: (1...

CarTrade Tech Ltd. Financial Statement Overview

Summary

Revenue growth and profitability recovery post-2022, with a strong balance sheet featuring low leverage and improving cash flows.

Income Statement

82Very Positive

Balance Sheet

90Very Positive

Cash Flow

78Positive

Financial statement breakdown
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	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	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

Technical Analysis SentimentNegative

Last Price2266.80

Price Trends

50DMA2942.36Negative

100DMA2823.17Negative

200DMA2397.27Negative

Market Momentum

MACD-135.50Positive

RSI22.85Positive

STOCH8.37Positive

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 2266.80 is below the 20-day moving average (MA) of 2855.09, below the 50-day MA of 2942.36, and below the 200-day MA of 2397.27, indicating a bearish trend. The MACD of -135.50 indicates Positive momentum. The RSI at 22.85 is Positive, neither overbought nor oversold. The STOCH value of 8.37 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:CARTRADE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:CEATLTD	69Neutral	INR 125.01B	24.15	―	1.13%	24.48%	4.36%
IN:CARTRADE	66Neutral	INR 106.46B	45.44	―	―	16.13%	22.25%
IN:JKTYRE	61Neutral	INR 87.06B	17.41	―	1.32%	12.54%	-11.70%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:JBMA	48Neutral	INR 110.61B	48.01	―	0.18%	15.91%	10.45%
IN:LANDMARK	46Neutral	INR 18.19B	40.38	―	0.34%	20.72%	128.08%
IN:PVSL	40Underperform	INR 6.48B	-265.59	―	―	25.16%	90.49%

* General Sector Average

Performance Comparison

IN:CARTRADE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:CARTRADE	CarTrade Tech Ltd.	2189.95	-720.75	-24.76%
IN:CEATLTD	CEAT Limited	3090.55	-872.09	-22.01%
IN:JBMA	JBM Auto Limited	467.70	-181.10	-27.91%
IN:JKTYRE	JK Tyre & Industries Limited	302.00	-147.08	-32.75%
IN:LANDMARK	Landmark Cars Ltd.	438.65	-173.75	-28.37%
IN:PVSL	Popular Vehicles and Services Limited	91.02	-64.08	-41.32%

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 an...

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&#82...

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 digita...

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.

Date of analysis: Oct 29, 2026

CarTrade Tech Ltd. AI Stock Analysis