CUDML
Cash UR Drive Marketing financials
- Market cap
- ₹185 Cr
- Calls analysed
- 2
CUDML Q4 FY26
What went well
- Revenue from operations for FY26 increased by 33.98% year-on-year to INR 186.7 crores.
- EBITDA grew by 59.2% to INR 33.56 crores in FY26, with EBITDA margin expanding by 285 basis points to 17.98%.
- Net profit for FY26 stood at INR 29.4 crores, registering a growth of 64.98%, with net profit margin expanding to 15.28%.
What to watch
- Cash flows from operations were negative in the current period due to INR 20 crores paid as advances for aggressively adding new exclusive media inventory, though management expects this to normalize.
- The Everest Fleet case is still in arbitration, with no clear timeline for resolution.
What Cash UR Drive Marketing Limited does
Cash Ur Drive Marketing Limited operates an asset-light, transit-led media infrastructure platform that converts mobility and public-infrastructure assets - cabs, buses, EV charging stations, bicycle shelters and digital outdoor screens - into advertising inventory. It earns through a dual model of exclusive media (controlled, long-term, higher-margin inventory secured via rights and partnerships with fleet operators, municipalities and EV infrastructure players) and trade media (third-party inventory aggregated and sold at scale). The company also runs print and broadcast advertising placements and has begun operating EV charging infrastructure under municipal concessions.
Segments
- Transit Media
- EV Charging Media
- Outdoor Advertising
- Digital OOH (DOOH)
- Print & Broadcast Media
- Cabs in network
- 1 Million+
- Buses in network
- 1,900+
- EV charging stations
- 498+
- Public bicycle shelters
- 354+
- Digital OOH screens
- 95+
- Cities served
- 25+
Guidance record · Q4 FY26
what the last two calls moved 10 tracked 1 delivered 2 missed 7 open- Share of total revenue from EV media format delivered said Q2 FY26 Promised: 30% in FY26 Q4 FY26: The target was to reach 30% in FY26. In Q2, management stated they were already at this level. The full-year results showed strong growth driven by strategic expansion into the EV ecosystem, including the acquisition of CharjKaro and securing a 10-year EV infrastructure concession in Rishikesh, indicating the target was met.
- In-house printing facility operational status went quiet said Q2 FY26 Promised: Operational in 6-8 months Q4 FY26: The 6-8 month timeline for the facility to become operational has been reached, but there was no mention of its status or progress in the Q4 FY26 earnings call or materials.
- Share of total revenue from exclusive media revised down said Q2 FY26 Promised: 60% to 70% in next couple of years Q4 FY26: The target was revised down from '60-70% in a couple of years' to '50% in the next 3 years'. While progress was made (reaching 32% in FY26), the ambition has been lowered and the timeline extended.
All 10 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
| Line item | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 64 | 76 | 78 | 109 |
| EBITDA | 10 | 11 | 14 | 20 |
| Net profit | 8 | 10 | 11 | 19 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −27.3% 1Y
1Y: ₹144.4 on 10 Sept 2025 → ₹105. High ₹189 (22 Jun 2026), low ₹85 (27 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- −0.2%
- 2 Jun
- Q2 FY26
- −1.9%
- 13 Nov
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.
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹6 Cr | ₹18 Cr | ₹18 Cr |
| Reserves | ₹14 Cr | ₹19 Cr | ₹18 Cr | ₹102 Cr | ₹119 Cr |
| Borrowings | ₹2 Cr | ₹5 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Other liabilities | ₹37 Cr | ₹54 Cr | ₹69 Cr | ₹43 Cr | ₹65 Cr |
| Total liabilities | ₹52 Cr | ₹78 Cr | ₹93 Cr | ₹162 Cr | ₹203 Cr |
| Fixed assets | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹1 Cr | ₹2 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹6 Cr |
| Investments | ₹6 Cr | ₹6 Cr | ₹23 Cr | ₹24 Cr | ₹32 Cr |
| Other assets | ₹45 Cr | ₹71 Cr | ₹68 Cr | ₹136 Cr | ₹163 Cr |
| Total assets | ₹52 Cr | ₹78 Cr | ₹93 Cr | ₹162 Cr | ₹203 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Sep 2025, the public added +2.44 pp while FIIs trimmed −2.05 pp. The shareholder count shrank 19% to 391.
- Promoters
- 57.2%
- FIIs
- 7.4%
- DIIs
- 6.5%
- Public
- 28.9%
Since Sep 2025
- Public +2.44 pp
- FIIs −2.05 pp
- DIIs −0.39 pp
How it drifted, 3 quarters
Over this window the public went from 26.5% to 28.9% — +2.4 pp.
Ownership split by quarter, oldest first. Sep '25: Promoters 57.2%, FIIs 9.4%, DIIs 6.9%, Public 26.5%.Dec '25: Promoters 57.2%, FIIs 8.1%, DIIs 6.5%, Public 28.2%.Mar '26: Promoters 57.2%, FIIs 7.4%, DIIs 6.5%, Public 28.9%.
Who bought this quarter
since Dec 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Prabhat Financial Services Limited - Proprietary Account +0.39 pp 2.01% held
- Harshi Chopra +0.14 pp 1.65% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Cash UR Drive Marketing Limited above SEBI's 1% disclosure line, and what changed since Dec 2025.
| Holder | Stake | Change |
|---|---|---|
| Parveen K Khanna | 30.44% | unchanged |
| Raghu Khanna | 26.23% | unchanged |
| Aarth AIF Growth Fund AIF | 4.99% | unchanged |
| Longthrive Capital Vcc-Trendview Capital Fund FPI fund | 4.37% | unchanged |
| Prabhat Financial Services Limited - Proprietary Account | 2.01% | +0.39 pp |
| L7 Securities Private Limited | 1.74% | unchanged |
| Harshi Chopra | 1.65% | +0.14 pp |
| Pashupati Capital Services Pvt Ltd | 1.14% | unchanged |
| Diwakar Bhagwati Gandhi | 1.13% | unchanged |
| Vimi Investments And Finance Pvt Ltd | 1.13% | unchanged |
| Indiaemerging Infrastructure Private Limited | 1.13% | unchanged |
| L7 Hitech Private Limited | 1.02% | unchanged |
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.
What the price assumes
- Growth the price implies
- -15.2% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (2)
Read the Q4 FY26 call →Learn to analyse Cash UR Drive Marketing Limited
Guides on how to read this kind of business and the numbers that matter.