Operates digital auto marketplaces in India through three segments. The Consumer segment runs CarWale and BikeWale, new-vehicle discovery platforms that contributed 39.3% of FY26 segment revenue, while the Classifieds segment runs OLX India, an online classifieds platform for used vehicles and other goods at 27.7% of segment revenue, and the Remarketing segment handles used-car auction and dealer remarketing services at 33.0%. Its platforms collectively reach about 80 million monthly visitors across 500-plus locations, and host over 63% of India's online used-car listings. Employee costs are the largest expense at 39.4% of revenue, followed by other operating expenses at 27.6%, with no material input cost and a light capex load at 3.4% of revenue. The group is expanding beyond listing fees into AI-driven products (Elite Buyer, Super Dost, Viya AI) and into transaction-margin economics through a strategic partnership with Spinny for end-to-end used-car purchases. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Consumer (39%), Remarketing (33%), Classifieds (28%). Asset-light digital auto marketplaces and platform businesses with high EBITDA margins and minimal material input cost
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 313 | 364 | 490 | 641 | 779 |
| EBITDA (ex other income) | (134) | 33 | 79 | 151 | 250 |
| margin % | (42.9) | 9.1 | 16.2 | 23.5 | 32.1 |
| Owners' profit | 132 | 34 | 14 | 135 | 223 |
| EPS, as reported (₹) | (28.72) | 7.28 | 3.05 | 28.48 | 46.80 |
| ROE % · ROCE % | (5.9) · (5.2) | 1.9 · 3.1 | 0.9 · 4.7 | 6.2 · 7.3 | 9.3 · 11.0 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 63 | 48 | 16 | 171 | 257 |
| Capex | (6) | (7) | (3) | (5) | (27) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 154 | 176 | 170 | 173 | 193 | 210 | 203 | 201 |
| Profit before tax | 37 | 53 | 53 | 57 | 80 | 78 | 75 | 75 |
| Net profit | 31 | 46 | 46 | 47 | 64 | 62 | 71 | 57 |
| EPS (₹) | 5.90 | 8.95 | 8.82 | 9.03 | 12.56 | 11.70 | 13.50 | 10.69 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Consumer | 308 | 39.3 |
| Remarketing | 259 | 33.0 |
| Classifieds | 218 | 27.7 |
| Total, before eliminations | 785 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ETERNAL LIMITED | 2,97,944 | 688.3 | 9.62 | 114.0 | 1.2 | 1.8 | — | 4.8 |
| MEESHO LIMITED |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · CarTrade Tech schedules analyst and investor meetings in September 2026 | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Newspaper publication of 26th AGM notice and e-voting details | compliance | minimal | — | — |
| 3 Sept 2026 · Letter to shareholders regarding 26th AGM and Annual Report 2025-26 | compliance | minimal | — | — |
| 3 Sept 2026 · CarTrade Tech 26th AGM on September 25, 2026 along with FY26 Annual Report | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Notice of 26th AGM via video conference on September 25, 2026 | compliance | minimal | — | — |
| 31 Aug 2026 · CarTrade Tech to meet investors at Elara Conference on Sept 3, 2026 | board shareholder meetings | low | — | — |
| 25 Aug 2026 · CEO Consumer Business Banwari Lal Sharma resigns effective Aug 25 2026 | management changes | high | — | — |
| 11 Aug 2026 · CarTrade Tech to attend Motilal Conference on Aug 17 | board shareholder meetings | low | — | — |
| 7 Aug 2026 · CarTrade Tech allots 1,85,500 shares under ESOP 2015 and ESOP 2021(I) | capital market events | medium | — | — |
| 5 Aug 2026 · CarTrade Tech Q1FY27: record revenue INR230 cr, EBITDA up 45% YoY | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 1,01,132 |
| — |
| 23.06 |
| — |
| (31.0) |
| (27.2) |
| — |
| (3.0) |
| FSN E COMMERCE VENTURES | 98,692 | 387.1 | 65.70 | 129.3 | 13.6 | 17.8 | — | 8.8 |
| SWIGGY LIMITED | 72,888 | — | 3.98 | — | (22.7) | (20.4) | — | (6.4) |
| URBAN COMPANY LIMITED | 24,467 | — | 11.41 | — | (11.0) | (6.3) | — | (11.4) |
| CARTRADE TECH LIMITED ◆ | 14,820 | 63.7 | 5.66 | 43.4 | 9.3 | 10.5 | — | 44.0 |
| BRAINBEES SOLUTIONS LTD | 8,838 | — | 1.65 | 23.2 | (3.8) | (2.4) | — | 4.2 |
| RATTANINDIA ENT LIMITED | 3,857 | — | 5.01 | — | (21.6) | — | 844.9 | 2.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 63.7 | 13.5 | 8 of 10 | 22% |
| P/B | 5.7 | 4.5 | 8 of 12 | 36% |
| ROCE | 10.5 | 1.8 | 3 of 15 | 86% |
| ROE | 9.3 | 1.1 | 2 of 12 | 91% |
| Debt / Equity | 0.0 | 0.0 | 1 of 12 | 55% |
| EBITDA margin | 44.0 | 4.0 | 1 of 12 | 100% |
| Revenue growth | 16.3 | 16.3 | 7 of 13 | 50% |
| Profit growth | 20.6 | 30.7 | 7 of 10 | 33% |
| Market cap | 14820 | 2501 | 6 of 16 | 67% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
