Cartrade Tech Limited
NSE: CARTRADE · E-Retail/ E-Commerce · sector
₹2,822.10NSE close 2026-10-26
Key numbers
Market cap₹13,553 cr
Price₹2,822.10
52w high / low₹3,290 / ₹1,600
P/E58.2xSector median 13.4x
P/B5.5xSector median 3.1x
Book value₹517.1
Dividend yield–
ROE9.8%Sector median 1.3%
ROCE12.9%Sector median 3.0%
OPM33.1%Sector median 2.6%
Debt / equity0.00xSector median 0.01x
EV/EBITDA47.2xSector median 28.7x
Interest cover25.3x
Current ratio4.79x
Sales growth 3y+28.9%Sector median +40.6%
Profit growth 3y+87.2%Sector median +66.9%
PEG0.68x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 15 companies in E-Retail/ E-Commerce (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹944 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 25.3x in the last 12 months.
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 40% of net profit in the last 12 months.
- Debtor days went from 55 (FY24) to 44 (FY26).
- No dividend in the last 5 financial years.
- Price ₹2,822.10 on 2026-10-26: -14.2% from the 52-week high, +76.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹3,181.40 · low ₹875.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 154 | 176 | 170 | 173 | 193 | 210 | 203 | 201 |
| EBITDA | 33 | 50 | 46 | 44 | 64 | 72 | 72 | 60 |
| OPM % | 21.2% | 28.4% | 27.2% | 25.1% | 32.9% | 34.2% | 35.3% | 29.8% |
| Other income | 18 | 17 | 20 | 25 | 29 | 19 | 18 | 29 |
| Net profit | 28 | 43 | 42 | 43 | 60 | 56 | 65 | 51 |
| EPS (₹) | 5.90 | 8.95 | 8.82 | 9.03 | 12.56 | 11.70 | 13.50 | 10.69 |
| Revenue YoY | +25.4% | +19.0% | +19.8% | +16.3% | ||||
| Profit YoY | +114.0% | +30.9% | +54.5% | +19.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 313 | 364 | 490 | 641 | 779 | 807 |
| EBITDA | -134 | 33 | 79 | 151 | 250 | 267 |
| Net profit | 132 | 34 | 14 | 135 | 223 | 231 |
| EPS (₹) | -28.72 | 7.28 | 3.05 | 28.48 | 46.80 | 48.45 |
| Revenue growth | +16.3% | +34.7% | +30.9% | +21.5% | +20.0% | |
| Profit growth | -74.3% | -57.9% | +841.6% | +65.6% | +49.0% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +28.9% | – | +20.0% |
| Net profit | +87.2% | – | +49.0% |
| EPS | +85.9% | – | – |
| Share price | – | +71.9% (2y) | +17.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,043 | 2,070 | 2,221 | 2,483 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 1,005 | 602 | 684 | 944 |
| Total assets | – | 2,343 | 2,510 | 2,705 | 3,009 |
| Fixed assets | – | 55 | 58 | 173 | 197 |
| Capital work in progress | – | 0 | – | – | 1 |
| Investments | – | 8 | 7 | 7 | 7 |
| Receivables | – | 52 | 73 | 87 | 93 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 22 | 35 | 32 | 32 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 63 | 48 | 16 | 171 | 257 |
| Cash from investing | -281 | -17 | 13 | -138 | -231 |
| Cash from financing | 229 | -39 | -33 | -27 | -23 |
| Capex | 6 | 7 | 3 | 5 | 27 |
| Free cash flow | 57 | 41 | 13 | 166 | 230 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 1.7% | 0.7% | 6.1% | 9.0% |
| ROCE % | – | 3.3% | 5.2% | 8.1% | 12.2% |
| Debtor days | – | 52 | 55 | 49 | 44 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 1,223 | 26 | 18 | 15 |
| Cash conversion cycle (days) | – | -1,171 | 29 | 31 | 29 |
| Working capital days | – | 999 | 423 | 390 | 458 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| FIIs | 51.20% |
| DIIs | 19.40% |
| of which Mutual funds | 14.81% |
| of which Insurance | 0.99% |
| Government | 0.00% |
| Public (non-institutions) | 29.40% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public holders above 1% | % |
|---|---|
| Macritchie Investments PTE Ltd | 6.82% |
| Tata India Consumer Fund | 5.76% |
| Smallcap World Fund, INC | 3.22% |
| Jupiter India Fund | 3.09% |
| Vinay Sanghi | 2.59% |
| M&G Asian Fund | 2.18% |
| Sixteenth Street Asian Gems Fund | 2.03% |
| Candriam Sustainable Equity Emerging Markets | 1.64% |
| The Jupiter Global Fund - Jupiter India Select | 1.55% |
| Wasatch Emerging India Fund | 1.49% |
| Habrok India Master LP | 1.44% |
| HSBC Mutual Fund - HSBC Balanced Advantage Fund | 1.41% |
| Vanguard Total International Stock Index Fund | 1.40% |
| Vanguard Emerging Markets Stock Index Fund, A Series of Vanguard International Equity Index Funds | 1.34% |
| Helios MID CAP Fund | 1.31% |
1,42,659 shareholders. Pledged: – of promoter shares.
Peers in E-Retail/ E-Commerce
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ETERNAL | ₹2,99,832 cr | 602.9x | 9.6x | 1.6% | 4.9% | 2.8% | +97.3% | – |
| MEESHO | ₹99,012 cr | – | 22.6x | -30.9% | -27.4% | -12.9% | – | – |
| NYKAA | ₹94,495 cr | 370.6x | 65.7x | 18.7% | 24.2% | 7.8% | +24.9% | – |
| SWIGGY | ₹48,666 cr | – | 2.7x | -26.3% | -19.2% | -11.8% | – | – |
| URBANCO | ₹20,113 cr | – | 10.2x | -21.5% | -17.3% | -23.2% | – | – |
| CARTRADE | ₹13,553 cr | 58.2x | 5.5x | 9.8% | 12.9% | 33.1% | +28.9% | – |
| FIRSTCRY | ₹7,966 cr | – | 1.6x | -2.6% | 0.2% | 2.6% | – | – |
| SHIPROCKET | ₹7,639 cr | – | – | – | – | – | – | – |
| RTNINDIA | ₹3,185 cr | – | 3.6x | -73.0% | – | – | +64.7% | – |
| ROBU | ₹939 cr | 38.4x | 11.0x | 35.0% | 43.9% | 11.7% | +56.8% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Consumer | ₹308 cr | 39.3% | ₹124 cr | 40.3% |
| Remarketing | ₹259 cr | 33.0% | ₹72 cr | 27.7% |
| Classifieds | ₹218 cr | 27.7% | ₹76 cr | 35.1% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2021-09-23 | Other | Extra Ordinary General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Web search portals activities and other information service activities (Operation of web-portals, online classified media, and allied services).: Web portal operations, data processing, hosting, and related activities.
| Sector | Consumer Discretionary |
| Industry | E-Retail/ E-Commerce |
| Sub-industry | E-Retail/ E-Commerce |
| Symbol | CARTRADE |
| BSE code | 543333 |
| ISIN | INE290S01011 |
| Face value | ₹10.0 |
| Incorporated | 2000-04-28 |
| Website | www.cartradetech.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.