CARTRADE TECH LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 918.4 INR | -1.89% |
|
-1.84% | +28.68% |
| May. 07 | Nomura Adjusts CarTrade Tech’s Price Target to INR982 From INR887, Keeps at Buy | MT |
| May. 07 | Cartrade Tech's Consolidated Net Profit, Revenue Rise in Fiscal Q4; Shares Rise 4% | MT |
Valuation
| Fiscal Period: March | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 27,022 | 18,225 | 43,357 | - | - |
| Enterprise Value (EV) 1 | 18,502 | 9,036 | 29,917 | 34,168 | 32,210 |
| P/E ratio | -20.2 x | 58 x | 227 x | 47.1 x | 36.2 x |
| Yield | - | - | - | - | - |
| Capitalization / Revenue | 8.64 x | 5.01 x | 6.11 x | 6.83 x | 5.85 x |
| EV / Revenue | 5.92 x | 2.48 x | 6.11 x | 5.38 x | 4.35 x |
| EV / EBITDA | 106 x | 27.4 x | 38.4 x | 26.8 x | 19.2 x |
| EV / FCF | 32.2 x | 22 x | -43.8 x | 40.1 x | 26 x |
| FCF Yield | 3.1% | 4.55% | -2.28% | 2.5% | 3.85% |
| Price to Book | 1.37 x | 0.89 x | 1.33 x | 2.05 x | 1.9 x |
| Nbr of stocks (in thousands) | 46,623 | 46,844 | 47,209 | - | - |
| Reference price 2 | 579.6 | 389.0 | 918.4 | 918.4 | 918.4 |
| Announcement Date | 5/4/22 | 4/28/23 | 5/6/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 3,127 | 3,637 | 4,899 | 6,352 | 7,409 |
| EBITDA 1 | - | 174.3 | 329.9 | 778.2 | 1,275 | 1,680 |
| EBIT 1 | - | -1,127 | 42.55 | 404.3 | 839 | 1,212 |
| Operating Margin | - | -36.03% | 1.17% | 8.25% | 13.21% | 16.35% |
| Earnings before Tax (EBT) 1 | - | - | 605.7 | 980.4 | 1,274 | 1,717 |
| Net income 1 | 925 | -1,321 | 340 | 143 | 994.7 | 1,295 |
| Net margin | - | -42.24% | 9.35% | 2.92% | 15.66% | 17.48% |
| EPS 2 | - | -28.72 | 6.710 | 2.810 | 19.50 | 25.38 |
| Free Cash Flow 1 | - | 573.8 | 411.1 | -854.7 | 853 | 1,241 |
| FCF margin | - | 18.35% | 11.3% | -18.77% | 13.43% | 16.75% |
| FCF Conversion (EBITDA) | - | 329.2% | 124.58% | - | 66.9% | 73.87% |
| FCF Conversion (Net income) | - | - | 120.91% | - | 85.76% | 95.84% |
| Dividend per Share 2 | - | - | - | - | - | - |
| Announcement Date | 8/7/21 | 5/4/22 | 4/28/23 | 5/6/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 887.8 | 931.4 | 827.8 | 878.9 | 972.1 | 958.6 | 860.7 | 939.7 | 1,320 | 1,303 |
| EBITDA 1 | -279.4 | 177.7 | 24.46 | 81.77 | 106 | 117.8 | 54.71 | 133 | 188.5 | 250.3 |
| EBIT 1 | - | - | -43.44 | 10.49 | 33.63 | 41.87 | -29.03 | 52 | 22 | 198 |
| Operating Margin | - | - | -5.25% | 1.19% | 3.46% | 4.37% | -3.37% | 5.53% | 1.67% | 15.19% |
| Earnings before Tax (EBT) 1 | - | - | 37.92 | 137.5 | 201.4 | 228.8 | 157.7 | 239 | 151 | 293 |
| Net income 1 | - | - | 25.65 | 34.42 | 130.3 | 149.6 | 130 | 173 | 114.5 | 242 |
| Net margin | - | - | 3.1% | 3.92% | 13.41% | 15.6% | 15.1% | 18.41% | 8.68% | 18.57% |
| EPS | - | - | - | 0.6800 | 2.560 | 2.930 | - | 3.700 | 2.550 | 5.300 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/25/22 | 5/4/22 | 7/29/22 | 10/21/22 | 1/24/23 | 4/28/23 | 8/10/23 | - | - | - |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | - | 8,521 | 9,189 | 5,951 | 9,189 | 11,147 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 574 | 411 | -855 | 853 | 1,241 |
| ROE (net income / shareholders' equity) | - | -7.22% | 1.69% | 3.61% | 4.69% | 5.74% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - |
| Book Value Per Share 2 | - | 425.0 | 436.0 | 693.0 | 449.0 | 483.0 |
| Cash Flow per Share | - | - | - | - | - | - |
| Capex 1 | - | 57.7 | 71.1 | 1,640 | 377 | 384 |
| Capex / Sales | - | 1.85% | 1.95% | 36.02% | 5.93% | 5.18% |
| Announcement Date | 8/7/21 | 5/4/22 | 4/28/23 | 5/6/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
918.4
INR
Average target price
896.4
INR
Spread / Average Target
-2.40%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +28.68% | 529M | |
| +34.54% | 472B | |
| +6.66% | 138B | |
| +32.61% | 98.36B | |
| +6.99% | 93.44B | |
| +61.15% | 59.13B | |
| +18.75% | 47.5B | |
| +24.94% | 39.41B | |
| +0.13% | 35.99B | |
| +15.50% | 29.22B |
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- CARTRADE Stock
- Financials CarTrade Tech Limited