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CarTrade Tech Limited

CARTRADE

BSE
NSE

Internet / Digital Services / Automotive

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BSE / NSE

About

CarTrade Tech Limited

Company Overview

CarTrade Tech Limited stands as India's premier multi-channel online automotive platform, providing comprehensive services including buying, selling, marketing, valuation, and financing of new and used vehicles. The company has established itself as a dominant force in the Indian automotive digital ecosystem, connecting customers, dealers, original equipment manufacturers (OEMs), banks, insurance companies, and other stakeholders through its technology-driven solutions.

Company Overview and Business Model

CarTrade Tech operates as a multi-channel auto platform with extensive coverage across vehicle types and value-added services. It offers solutions across the automotive transaction value chain, including buying, selling, marketing, valuation, and financing of new and used cars, two-wheelers, commercial vehicles, and farm and construction equipment. The company's comprehensive platform ecosystem enables seamless transactions between various market participants in the automotive sector.

The platform operates under several prominent brands, including CarWale, CarTrade, OLX India, Shriram Automall, BikeWale, CarTrade Exchange, and Adroit Auto. Each brand serves specific market segments and customer needs, creating a robust network that caters to diverse automotive requirements across India.

The company's business model is built around three primary segments: Consumer, Remarketing, and Classifieds. During FY25, the consumer segment contributed ₹238 crore in revenue, followed by ₹212 crore from remarketing and ₹192 crore from classifieds. This diversified revenue stream provides stability and multiple growth opportunities across different automotive market verticals.

Financial Performance and Market Position

CarTrade Tech has demonstrated exceptional financial performance, particularly in recent quarters. The company reported an all-time high revenue of ₹711 crore in FY25, marking a 28% increase over the previous year. This strong revenue growth reflects the company's successful execution of its multi-platform strategy and growing market share in India's digital automotive space.

The company's profitability metrics have shown remarkable improvement. For the full fiscal year FY25, CarTrade achieved an exceptional 627% rise in profit after tax, reaching ₹145.27 crore. This dramatic increase in profitability demonstrates the operating leverage inherent in the company's business model and its ability to scale efficiently.

For Q4 FY25 specifically, the company posted a revenue of ₹189.46 crore, an 18% year-on-year increase, while net profit surged 85% to ₹46.11 crore. The strong quarterly performance highlights the consistent growth trajectory the company has maintained across its business segments.

Key Financial Metrics

- Q4 FY25 Performance: Revenue of ₹189.46 crore, Net Profit of ₹46.11 crore

- FY25 Performance: Total Revenue of ₹711 crore, Net Profit of ₹145.27 crore

- Q3 FY25 Performance: Revenue of ₹193 crore with strong EBITDA margins

- Year-on-Year Growth (FY25): Revenue increased by 28%, Net Profit increased by 627%

- Market Capitalization: ₹7,776 crore (as of May 2025)

Market Capitalization and Valuation

CarTrade Tech has a market capitalization of ₹7,776 crore as of May 2025. The company's stock has shown strong performance, with the share price increasing by 78.93% over the past year. This appreciation reflects investor confidence in the company's business model and growth prospects.

The stock's 52-week high is ₹1,885.00 and 52-week low is ₹754.30, indicating significant volatility but an overall upward trajectory. The company's valuation metrics include a PE ratio of 53.19 and PB ratio of 3.46, positioning it as a growth stock with premium valuations reflecting its market leadership position.

Business Operations and Digital Reach

CarTrade Tech boasts an impressive digital footprint with substantial user engagement across its platforms. The company reported average monthly unique visitors of around 79 million in Q3 FY25, with more than 95% being organic traffic. This high proportion of organic traffic demonstrates strong brand recognition and customer loyalty.

The platform has surpassed 150 million unique users across CarWale, BikeWale, and OLX India, underlining the brand's scale and digital reach. This extensive user base provides significant competitive advantages and multiple monetization opportunities across the company's various platforms.

Digital Reach and User Engagement

- Average Monthly Unique Visitors (Q3 FY25): ~79 million

- Organic Traffic Percentage: >95%

- Total Unique Users (across platforms): >150 million

Technology and Innovation Focus

The company continues to invest heavily in technology and innovation to maintain its competitive edge. Management emphasizes execution excellence and technology innovation, with plans to harness artificial intelligence and product innovation to transform customer experiences. This technology-first approach enables the company to provide superior user experiences and operational efficiencies.

The company's strategy of disciplined execution, technology-led efficiencies, and platform synergies has led to strong operating leverage and enhanced profitability. This demonstrates how technology investments are translating into tangible business benefits and improved financial performance.

Physical Presence and Expansion

Beyond its digital platforms, CarTrade Tech's physical footprint has expanded to over 500 locations nationwide, including Shriram Automall, CarWale abSure, Signature Dealers, and OLX India franchisees. This phygital approach combines digital convenience with physical touchpoints, providing customers with comprehensive service options.

Future Outlook and Growth Prospects

The strategic integration of OLX and CarWale's backend systems aims to enhance operational efficiency and market reach, positioning the company favorably to capitalize on emerging opportunities in both the automotive and non-auto segments. This integration represents significant potential for synergies and improved operational metrics.

The company maintains a strong balance sheet position, with the company being almost debt-free, providing financial flexibility for future investments and growth initiatives. This conservative financial approach, combined with strong cash generation capabilities, positions CarTrade Tech well for sustained growth in India's expanding digital automotive market.

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