āagmanLoginNot investment advice. Data and computed figures, for information only.
Cartrade Tech Ltd
₹2,964.00
−₹187.50 (−5.95%)
NSE · 15 Oct 2026, close
Market Cap
₹14,346 Cr
CMP
₹2,964.00
52-wk High / Low
₹3,291 / 1,600
P/E
60.2
P/B
5.7
Book Value
₹519.0
Div Yield
0.00%
ROCE
12.0%
ROE
9.7%
Face Value
₹10
D/E
0.06
Price+21.2% over 1Y
āagman read
Computed by āagmanPiotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹738
√(22.5 × EPS × book value per share)
ROIC
7.0%
vs 7.6% sector median
Cash flow to profit
1.05
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+591
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
9.7%
ROE × earnings retention ratio
ROE stability
5.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Cash-accrual divergence
−0.5%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.2x)
+Price is within 10% of its 52-week high (-9.9%)
Watch-outs
−Latest ROCE of 12% trails the sector median of 13%
−Borrowings are up 351.6% since FY2016 (31 to 140)
−Annualised volatility of 54.5% is in the high band (≥45%)
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 86 | 120 | 139 | 145 | 142 | 154 | 176 | 170 | 173 | 193 | 210 | 203 | 201 |
| Expenses | 81 | 99 | 113 | 118 | 120 | 122 | 126 | 123 | 130 | 130 | 131 | 132 | 138 |
| Operating Profit | 5 | 21 | 25 | 27 | 22 | 33 | 50 | 46 | 44 | 64 | 78 | 72 | 63 |
| OPM % | 5.8% | 17.5% | 18.0% | 18.6% | 15.5% | 21.4% | 28.4% | 27.1% | 25.4% | 33.2% | 37.1% | 35.5% | 31.3% |
| Other Income | 21 | −2 | −32 | 17 | 15 | 18 | 17 | 20 | 25 | 29 | 12 | 18 | 26 |
| Interest | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Depreciation | 8 | 9 | 10 | 10 | 10 | 11 | 11 | 10 | 9 | 9 | 9 | 11 | 11 |
| Profit before tax | 16 | 8 | −19 | 31 | 24 | 37 | 53 | 53 | 57 | 80 | 78 | 75 | 75 |
| Net Profit | 14 | 5 | −24 | 25 | 23 | 31 | 46 | 46 | 47 | 64 | 62 | 71 | 57 |
| EPS (₹) | 2.77 | 0.64 | −5.17 | 4.80 | 4.72 | 5.89 | 9.01 | 8.82 | 9.03 | 12.53 | 11.68 | 13.49 | 10.67 |
Profit & Loss
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 33 | 78 | 243 | 298 | 250 | 313 | 364 | 490 | 641 | 779 | 807 |
| Expenses | 195 | 131 | 213 | 258 | 210 | 446 | 330 | 410 | 490 | 522 | 531 |
| Operating Profit | −162 | −53 | 30 | 40 | 40 | −133 | 34 | 80 | 152 | 258 | 276 |
| OPM % | −490.9% | −67.9% | 12.3% | 13.4% | 16.0% | −42.5% | 9.3% | 16.3% | 23.7% | 33.1% | 34.2% |
| Other Income | 18 | 20 | 24 | 20 | 32 | 46 | 64 | 3 | 70 | 84 | 84 |
| Interest | 0 | 0 | 3 | 4 | 5 | 7 | 9 | 10 | 12 | 13 | 13 |
| Depreciation | 1 | 3 | 15 | 17 | 20 | 25 | 29 | 37 | 41 | 39 | 40 |
| Profit before tax | −146 | −37 | 35 | 39 | 47 | −119 | 61 | 36 | 168 | 290 | 307 |
| Net Profit | −146 | −37 | 26 | 31 | 103 | −121 | 40 | 20 | 145 | 244 | 253 |
| EPS (₹) | −461.48 | −107.09 | 48.39 | 63.43 | 258.07 | −28.33 | 7.26 | 3.05 | 28.38 | 46.58 | 48.37 |
Balance Sheet
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 4 | 47 | 47 | 47 | 47 | 48 | — |
| Reserves | 948 | 1,185 | 1,193 | 1,224 | 1,638 | 1,933 | 1,997 | 2,023 | 2,173 | 2,436 | — |
| Borrowings | 31 | 35 | 68 | 77 | 93 | 77 | 86 | 112 | 131 | 140 | — |
| Other Liabilities | 39 | 28 | 159 | 163 | 189 | 220 | 210 | 326 | 353 | 385 | — |
| Total Liabilities | 1,021 | 1,252 | 1,424 | 1,467 | 1,924 | 2,276 | 2,340 | 2,508 | 2,705 | 3,009 | — |
| Fixed Assets | 792 | 789 | 1,010 | 1,016 | 1,022 | 1,041 | 1,042 | 1,489 | 1,497 | 1,522 | — |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | — |
| Investments | 165 | 405 | 287 | 295 | 645 | 884 | 985 | 510 | 614 | 910 | — |
| Other Assets | 65 | 58 | 127 | 157 | 255 | 351 | 312 | 509 | 594 | 576 | — |
| Total Assets | 1,021 | 1,252 | 1,424 | 1,467 | 1,924 | 2,276 | 2,340 | 2,508 | 2,705 | 3,009 | — |
Cash Flows
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | — | −50 | 35 | 17 | 35 | 63 | 48 | 16 | 171 | 257 |
| Cash from Investing Activity | — | −222 | −20 | −8 | −341 | −281 | −17 | 13 | −138 | −231 |
| Cash from Financing Activity | — | 269 | −5 | −11 | 308 | 229 | −39 | −33 | −27 | −23 |
| Net Cash Flow | — | −3 | 9 | −2 | 2 | 12 | −7 | −4 | 7 | 3 |
Ratios
| Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | — | −5.0 | — | 2.0 | 3.0 | −6.0 | 3.0 | 4.0 | 8.0 | 12.0 |
| ROE % | — | — | — | — | — | — | — | — | — | 9.7 |
| EPS (₹) | −461.48 | −107.09 | 48.39 | 63.43 | 258.07 | −28.33 | 7.26 | 3.05 | 28.38 | 46.58 |
| Book Value (₹) | — | — | — | — | — | — | — | — | — | 519.0 |
| Face Value (₹) | — | — | — | — | — | — | — | — | — | 10 |
| P/E | — | — | — | — | — | — | — | — | — | 60.2 |
| Div Yield % | — | — | — | — | — | — | — | — | — | 0.00 |
| NPM % | −286.3 | −37.8 | 9.7 | 9.7 | 36.5 | −33.7 | 9.3 | 4.1 | 20.4 | 28.3 |
| OPM % | −499.0 | −68.0 | 12.0 | 14.0 | 16.0 | −43.0 | 9.0 | 16.0 | 24.0 | 33.0 |
| D/E | 0.03 | 0.03 | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.05 | 0.06 | 0.06 |
| P/B | — | — | — | — | — | — | — | — | — | 5.7 |
Growth
Compounded sales growth
10 years+37.0%
5 years+26.0%
3 years+29.0%
TTM+20.0%
Compounded profit growth
10 years+13.0%
5 years+20.0%
3 years+89.0%
TTM+53.0%
Stock price CAGR
5 years+16.0%
3 years+66.0%
Last year+21.0%
Return on equity
5 years3.0%
3 years6.0%
Last year10.0%
Documents
Announcements
Closure of Trading WindowShareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGMAnnouncement under Regulation 30 (LODR)-Investor PresentationAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseCorporate actions
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman