India's leading multi-category vehicle marketplace group, operating CarWale, BikeWale, Shriram Automall, OLX India and more.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 201 | +16.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 31.0 | +6.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 57.0 | +21.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 10.13 | +3.4 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 29.53 | +3.6 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 19.91 | −9.3 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
7 of 8 judged targets kept · 11 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Consumer Group EBITDA Margin | even better than 35% as revenue grows | Q3 FY25 | Margin was 33%. While a sequential drop, it remains above the level when the promise was made, and the original promise to surpass 35% has been met in prior quarters. | Achieved |
| Consolidated EBITDA Margin | margins across all businesses will go up in the current year | Q4 FY26 | Consolidated EBITDA margin was 31%, a decline from the FY26 full-year margin of 33%. The promise for expansion has been missed in the first quarter. | Missed |
| New Product Launches | launching 3 new products probably by the end of September or beginning October | Q1 FY26 | Promise concluded in prior quarters. The products were launched, albeit with delays. | Delayed |
1 of Cartrade Tech Limited's 19 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 16 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹2,545.4 on 24 Oct 2025 → ₹2,821.2. High ₹3,268 (17 Nov 2025), low ₹1,623.4 (30 Apr 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
CarTrade Tech Limited operates a group of online-to-offline marketplace platforms spanning new and used vehicles, vehicle auctions and used-goods classifieds. Its Consumer Group (CarWale, BikeWale, CarTrade.com, CarWale abSure) connects consumers, dealers and OEMs for new and used vehicle discovery and transactions via tech-enabled ERP and CRM tools. Its Remarketing Group (Shriram Automall, CarTradeExchange, Adroit Auto) runs a phygital (online-offline) vehicle auction network used by fleet owners, dealers and institutional sellers, offering inspection and valuation services. OLX India, acquired in 2023, runs an online classifieds marketplace across 12 categories including autos, real estate, mobiles/electronics and furniture. The company also runs CarTrade Labs, an in-house innovation unit building AI/data-science tools (e.g., Super Dost) used across its platforms.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
7 of 8 judged targets kept · 11 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Consumer Group EBITDA Margin | even better than 35% as revenue grows | Q3 FY25 | Margin was 33%. While a sequential drop, it remains above the level when the promise was made, and the original promise to surpass 35% has been met in prior quarters. | Achieved |
| Consolidated EBITDA Margin | margins across all businesses will go up in the current year | Q4 FY26 | Consolidated EBITDA margin was 31%, a decline from the FY26 full-year margin of 33%. The promise for expansion has been missed in the first quarter. | Missed |
| New Product Launches | launching 3 new products probably by the end of September or beginning October | Q1 FY26 | Promise concluded in prior quarters. The products were launched, albeit with delays. | Delayed |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 19 tracked commitments, with each call’s wording and source.
Call summaries
Cartrade Tech Limited Q1 FY27
CarTrade Tech delivered a strong Q1 FY27, achieving record consolidated revenue of INR 230 crores with significant EBITDA and PAT growth. The OLX segment was a key driver, showing robust revenue and EBITDA expansion. The company is strategically focusing on partnerships and AI integration to transition towards a transaction-based monetization model, aiming for continued growth and margin expansion in the coming quarters.
Read the full callCartrade Tech Q4 FY26
CarTrade Tech reported a strong Q4 and full year FY26, with significant growth in revenue, EBITDA, and PAT across all segments. The company's consumer group and remarketing businesses showed robust performance, while new monetization initiatives in OLX are gaining traction. Management expressed optimism for continued growth and margin expansion, although the low ROE due to substantial cash reserves remains a point of discussion.
Read the full callCartrade Tech Q3 FY26
CarTrade Tech delivered a strong Q3 FY26, achieving record revenues and EBITDA, driven by robust performance across all segments. The company demonstrated significant margin expansion and maintained a healthy cash position. Strategic initiatives like the Elite Buyer program are gaining traction, and management remains optimistic about sustained growth and profitability, leveraging industry tailwinds and operational efficiencies.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: +21% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 154 | 176 | 170 | 173 | 193 | 210 | 203 | 201 |
| Expenses | 122 | 126 | 123 | 130 | 130 | 131 | 132 | 138 |
| Operating profit | 33 | 50 | 46 | 44 | 64 | 78 | 72 | 63 |
| Operating margin | 21.0% | 28.0% | 27.0% | 25.0% | 33.0% | 37.0% | 35.0% | 31.0% |
| Other income | 18 | 17 | 20 | 25 | 29 | 12 | 18 | 26 |
| Interest | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Depreciation | 11 | 11 | 10 | 9 | 9 | 9 | 11 | 11 |
| Profit before tax | 37 | 53 | 53 | 57 | 80 | 78 | 75 | 75 |
| Tax rate | 17.0% | 15.0% | 14.0% | 17.0% | 20.0% | 21.0% | 6.0% | 24.0% |
| Net profit | 31 | 46 | 46 | 47 | 64 | 62 | 71 | 57 |
| EPS (₹ per share) | 5.89 | 9.01 | 8.82 | 9.03 | 12.53 | 11.68 | 13.49 | 10.67 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 364 | 490 | 642 | 779 |
| Expenses | 331 | 411 | 491 | 523 |
| Operating profit | 33 | 78 | 151 | 258 |
| Other income | 65 | 4 | 70 | 84 |
| Interest | 8 | 9 | 12 | 12 |
| Depreciation | 29 | 37 | 42 | 38 |
| Profit before tax | 61 | 36 | 167 | 290 |
| Net profit | 41 | 20 | 146 | 244 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 47 | 47 | 47 | 47 | 48 | 48 |
| Reserves | 1,933 | 1,997 | 2,023 | 2,173 | 2,282 | 2,436 |
| Borrowings | 77 | 86 | 112 | 131 | 128 | 140 |
| Other liabilities | 220 | 210 | 326 | 353 | 362 | 385 |
| Total liabilities | 2,276 | 2,340 | 2,508 | 2,705 | 2,820 | 3,009 |
| Fixed assets | 1,041 | 1,042 | 1,489 | 1,497 | 1,492 | 1,522 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 884 | 985 | 510 | 614 | 739 | 910 |
| Other assets | 351 | 312 | 509 | 594 | 589 | 576 |
| Total assets | 2,276 | 2,340 | 2,508 | 2,705 | 2,820 | 3,009 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 35 | 63 | 48 | 16 | 171 | 257 |
| Cash from investing | -341 | -281 | -17 | 13 | -138 | -231 |
| Cash from financing | 308 | 229 | -39 | -33 | -27 | -23 |
| Net cash flow | 2 | 12 | -7 | -4 | 7 | 3 |
| Free cash flow | 30 | 57 | 41 | 13 | 166 | 231 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 69 | 48 | 52 | 55 | 49 | 44 |
| Cash conversion cycle | 69 | 48 | 52 | 55 | 49 | 44 |
| Working capital days | 35 | -19 | -10 | -24 | 1 | 15 |
| Return on capital employed | 3.0% | −6.0% | 3.0% | 4.0% | 8.0% | 12.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
The businesses behind the company’s reported revenue.
Consumer contributes 37.6% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
₹78.11 crore
₹67.23 crore
₹62.18 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Consumer | 78.11 | 37.6% |
| Remarketing | 67.23 | 32.4% |
| Classifieds | 62.18 | 30.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Classifieds shrank from 33% to 30% of revenue over the last two years.
| Segment | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Consumer | 36% | 36% | 39% | 37% | 38% | 39% | 41% | 38% | +17.7% |
| Remarketing | 31% | 33% | 33% | 35% | 34% | 32% | 31% | 32% | +13.2% |
| Classifieds | 33% | 31% | 28% | 28% | 28% | 29% | 28% | 30% | +29.2% |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Foreign institutions hold 51.21% as of Sept 2026; institutions added 0.61 pts since Jun 2026.
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 6 holders trimming and 5 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of Cartrade Tech Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| FPI fund | 6.82% | −2.20 pp |
| Mutual fund | 5.76% | newly disclosed |
| Global fund house | 3.22% | unchanged |
| Global fund house | 3.09% | −0.07 pp |
| 2.59% | unchanged | |
| Global fund house | 2.18% | −0.20 pp |
| FPI fund | 2.03% | unchanged |
| 1.64% | newly disclosed | |
| Global fund house | 1.55% | +0.08 pp |
| Global fund house | 1.49% | unchanged |
| FPI fund | 1.44% | unchanged |
| 1.41% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Filings to Sep 2026
0 new, 1 added, 4 trimmed, 0 sold out — net −0.02 L shares (−2.3%).
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹19 Cr | −0.01 L | Mar '26 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹10 Cr | −0.01 L | Mar '26 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | −0.01 L | Mar '26 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Mar '26 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
1 added, 4 trimmed — net −2,436 shares (−2.3%)
Shares held by these funds −68%
Mar '23 1.05 L shares Sep '26
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