Cartrade Tech Limited (CARTRADE) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Cartrade Tech Limited ₹1,777, price ₹3,003, upside -40.8%, quality 79 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹347.90 – ₹3,268 · fair‑value band ₹1,120 – ₹2,942 · the ₹3,003 price screens above the ₹1,777 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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CarTrade Tech Limited operates a multi-channel online automotive platform in India and internationally. The company provides services, including buying, selling, marketing, valuation, and financing of new and pre-owned vehicles.
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CarTrade Tech Limited operates a multi-channel online automotive platform in India and internationally. The company provides services, including buying, selling, marketing, valuation, and financing of new and pre-owned vehicles. It also offers new car original equipment manufacturers (OEM) solutions that provides OEMs with consumer insights and data-driven solutions for building their digital marketing strategies; new car dealer solutions, which offers customers content and research tools, such as car reviews, on road prices, car specifications, car images, car finance offers, and others; used car dealer solutions to buy and sell used cars; and technology solutions for OEMs and dealers, including dealer management systems and auto finance solutions. In addition, the company provides new two-wheeler OEM and dealer solutions; online and offline auctioning of vehicles comprising cars, bikes, trucks, farm equipment, and construction equipment; inspection and valuation services for banks and insurance companies; and technology solutions to OEMs, dealers, banks, NBFCs, insurance companies, leasing companies, fleet owners, etc. to inspect and valuate vehicles. Further, it operates a platform that offers smart, safe and convenient way to buy and sell cars, find housing, get jobs, buy and sell household goods, under the OLX India brand name. The company offers its services under the CarWale, Shriram Automall, Adroit Auto, BikeWale, CarTrade, DriveASmile, Cartrade Infotech, CarTrade Ventures, Mobility Outlook, and CarWale abSure brands. CarTrade Tech Limited was incorporated in 2000 and is based in Navi Mumbai, India.
Stock analysis
Cartrade Tech Limited (CARTRADE) currently trades at ₹3,003, while our model-based Fair Value estimate is ₹1,777, implying the stock looks roughly 68.9% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,522 per share, and 0 of the 24 models we run sit above the ₹3,003 price.
Bear case: the Economic Profit group reads lowest at ₹334.17, and 24 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹1,120 (bear) to ₹2,942 (bull), the price of ₹3,003 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 79/100 (high quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Cartrade Tech Limited reported revenue of ₹7.8B in FY2026 versus ₹3.1B in FY2022, a compound +25.6%/yr. Reported net income was ₹2.2B in FY2026.
Key figures
Market cap ₹150B (≈ $1.6B) · P/E ratio 67.1 · P/S ratio 19.2 · EPS (TTM) ₹44.73 · Net margin 28.6% · Return on equity 9.9% · Return on assets (EBIT) 5.9% · Operating margin 29.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 85% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at −41%, CARTRADE screens richer than that median.
Fair Value models
Bear ₹1,120Fair Value ₹1,777Bull ₹2,942
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹22.06 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+21.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.6%
Start year 2021 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+29.1%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +13.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.0%
Dividend (yield on the price)0.0%
⚠ Rate on operating basis: 2026 sits 565% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+38.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+15.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +33.1% a year for the price and +11.2% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Auto & Truck Dealerships · 102 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score79 · Top 25%
Fair Value upside−40.8% · Bottom 25%
Profitability
Return on equity (TTM)9.9% · Above median
Return on assets4.8% · Top 25%
Net margin (TTM)28.6% · Top 25%
Operating margin (TTM)29.9% · Top 25%
Growth and dividend
Revenue growth19.8% · Top 25%
Valuation Multiplesvs Auto & Truck Dealerships median · lower = cheaper
P/E (TTM)67.1× · Priciest 25%
P/B6.05× · Priciest 25%
P/S (TTM)19.27× · Priciest 25%
P/FCF0.7× · Cheaper than median
EV/EBITDA58.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 41
FUTURE (revenue growth)99· sector 10
PAST (return on equity)39· sector 20
HEALTH (low debt)0· sector 87
DIVIDEND (yield)0· sector 79
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Cartrade Tech Limited (CARTRADE) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹1,777 versus a price of ₹3,003, about −41% upside (overvalued).
What is the fair value of CARTRADE?
Our model-based fair value for Cartrade Tech Limited is ₹1,777 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹3,003.
What is the quality score of CARTRADE?
Cartrade Tech Limited has a Quality Score of 79/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Cartrade Tech Limited (CARTRADE)?
Our model-based price target is the fair value of ₹1,777 (as of Sep 27, 2026) from 24 valuation models. Cautious scenario ₹1,120, optimistic scenario ₹2,942. It is a calculation from audited fundamentals, not an analyst target.
What is the Cartrade Tech Limited stock forecast for 2026?
Our models put fair value at ₹1,777, about −41% upside versus a price of ₹3,003 (overvalued). Cautious scenario ₹1,120, optimistic scenario ₹2,942. The calculation is refreshed regularly with new filings.
What is the revenue of Cartrade Tech Limited (CARTRADE)?
Cartrade Tech Limited reported trailing-twelve-month revenue of about ₹7.8B (latest available figure, as of Sep 27, 2026).
What growth is priced into Cartrade Tech Limited (CARTRADE)?
For today's price to be fair in a discounted-cash-flow model, Cartrade Tech Limited would have to grow free cash flow by +38.6 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +25.6 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of CARTRADE use?
Our models discount Cartrade Tech Limited at 12.4 %: a base by market capitalisation (small), damped by beta 0.08, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Cartrade Tech Limited that is +38.6 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Cartrade Tech Limited (CARTRADE) delivered so far?
Over the past 5 years revenue at Cartrade Tech Limited grew +25.6 % a year. The price currently implies +38.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Cartrade Tech Limited (CARTRADE) growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into Cartrade Tech Limited (+38.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cartrade Tech Limited (CARTRADE)?
The free-cash-flow yield on the price is 1.53 %: that much free cash flow Cartrade Tech Limited produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cartrade Tech Limited (CARTRADE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cartrade Tech Limited it is ₹1,777 per share (as of Sep 27, 2026), against a price of ₹3,003. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Cartrade Tech Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, CARTRADE trades above its calculated fair value: price ₹3,003, fair value ₹1,777, a gap of about −41% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CARTRADE?
No. The price is what the market pays today (₹3,003); the fair value is what the company's own numbers justify (₹1,777). For Cartrade Tech Limited the two are ₹1,225 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cartrade Tech Limited worth?
The market values Cartrade Tech Limited at about ₹150B (market capitalisation, as of Sep 27, 2026). Per share that is ₹3,003; our models calculate a fair value of ₹1,777 per share.
What do the bullish and bearish scenarios say about CARTRADE?
Our models span a range for Cartrade Tech Limited: cautious scenario ₹1,120, base ₹1,777, optimistic ₹2,942 per share (as of Sep 27, 2026, price ₹3,003). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CARTRADE?
Cartrade Tech Limited trades at a price-to-earnings ratio of 67.1 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,777 is built from several models across several years. Other multiples: P/B 6.1, P/S 19.3, EV/EBITDA 58.3.
How solid is the balance sheet of Cartrade Tech Limited (CARTRADE)?
Balance-sheet figures for Cartrade Tech Limited (as of Sep 27, 2026): return on equity 9.9%. They feed the Quality Score of 79/100, which measures business quality independently of the share price.
How far is CARTRADE from its 52-week high?
Cartrade Tech Limited trades at ₹3,003, about 8% below its 52-week high of ₹3,268 and 85% above the low of ₹1,623 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,777 is for.
Which stocks are comparable to Cartrade Tech Limited?
From the same area (Consumer Cyclical) we also value Carvana Co, Penske Automotive Group, Hotai Motor Co, CarMax, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cartrade Tech Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹3,003, calculated fair value ₹1,777 (−41%), Quality Score 79/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CARTRADE calculated?
We run Cartrade Tech Limited through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,777, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9 % above its aggregate fair value. Cartrade Tech Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cartrade Tech Limited (CARTRADE)?
The closing price on Sep 25, 2026 was ₹3,003. Our model-based fair value is ₹1,777, about −41% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cartrade Tech Limited right now?
A high-quality business (quality 79/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (₹2,942). The favourable scenario is already priced in. The model range is unusually wide (₹1,120 to ₹2,942). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Cartrade Tech Limited
How large is the market capitalisation of Cartrade Tech Limited (CARTRADE)?
The market capitalisation of Cartrade Tech Limited is ₹150B (≈ $1.6B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cartrade Tech Limited (CARTRADE)?
The price-to-sales ratio of Cartrade Tech Limited is 19.2 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cartrade Tech Limited (CARTRADE)?
Earnings per share at Cartrade Tech Limited are ₹44.73 (price ÷ EPS = P/E 67.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Cartrade Tech Limited (CARTRADE)?
The net margin of Cartrade Tech Limited is 28.6% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cartrade Tech Limited (CARTRADE)?
The return on equity (ROE) of Cartrade Tech Limited is 9.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cartrade Tech Limited (CARTRADE)?
On an EBIT basis the return on assets of Cartrade Tech Limited is 5.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cartrade Tech Limited (CARTRADE)?
The operating margin of Cartrade Tech Limited is 29.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cartrade Tech Limited (CARTRADE)?
Revenue at Cartrade Tech Limited is growing +19.8% versus a year earlier (3y avg +28.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cartrade Tech Limited (CARTRADE)?
Earnings per share at Cartrade Tech Limited are growing +57.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Cartrade Tech Limited (CARTRADE) carry?
The net debt of Cartrade Tech Limited is ₹992M (fiscal year 2026, ≈ 0.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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