Cartrade Tech Ltd(CARTRADE)

NSE: CARTRADEBSE: 543333

₹ 2,860+0.78%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 13,904 crNext results: 28 Oct 2026Website: www.cartradetech.comUpdated: 24 Oct 2026

About

CarTrade Tech operates automotive and used-goods digital platforms in India, including CarWale, CarTrade, BikeWale, CarWale abSure, Shriram Automall, CarTrade Exchange, Adroit Auto and OLX India. These cover buying, selling, marketing, valuation and financing of new and pre-owned vehicles. It reports three segments: Consumer Group, Remarketing Group and OLX India. FY26 revenue was 779.27 crore and PAT was 243.51 crore.^[1][2][3]

Business segments

Consumer: 39.3% of FY26 revenue at ₹308.33 crore, EBIT margin 40.3%; revenue grew 30% in FY26.^[4][1]
Remarketing (Shriram Automall): 33.0% of FY26 revenue at ₹259.31 crore, EBIT margin 27.7%; runs phygital auctions of repossessed, retail and corporate fleet vehicles.^[4]
Classifieds (OLX India): 27.7% of FY26 revenue at ₹217.56 crore, EBIT margin 35.1%.^[4]
From FY2024 to FY2026, Classifieds' revenue share rose 5.4 points, Consumer's rose 1.2 points and Remarketing's fell 6.6 points.^[4]

Platforms and brands

CarWale and BikeWale each reach more than 150 million unique visitors a year with over 92% organic traffic. OLX India reaches 173 million a year with 100% organic traffic.^[1]
VAYA is the company's own AI platform. Buyers can describe what they want in words, and dealers can list a vehicle from a single photograph.^[1]
CarTrade Labs is the company's R&D division for next-generation automotive and used-product platforms.^[1]

Operations and physical reach

As of FY26, Remarketing runs 135 Automalls across 135 cities; the total footprint across Automalls, abSure and OLX India outlets is 500+ locations.^[1]
abSure and Signature certified used-car franchise stores passed 400+ locations as of Q2 FY26 and are scaling toward 550+ outlets.^[5]
Remarketing GMV was ~₹5,300 crore in FY26, with 3 lakh+ vehicles transacted a year.^[6]
OLX India facilitated 2.3 billion chats and ~₹3 billion GMV of used products sold in FY26.^[1]

Key operating numbers

Monthly average unique visitors across platforms were ~80 million in Q1 FY27; consolidated organic traffic was 95%.^[7]
App downloads across platforms exceed ~100 million as of Q1 FY27.^[7]
Remarketing had 1.48 million auction listings and auction volume of 2.25 lakh vehicles in Q1 FY27, against 1.7 million listings for FY26.^[7][1]
Consumer Group revenue mix as of Q3 FY26: 85% new vehicles and 15% used; OEM-to-dealer split ~70:30.^[8]
Remarketing revenue mix in Q3 FY26: 49% repossessed, 40% retail and ~11% corporate auctions.^[8]

Customers and distribution

As of FY26, the platforms connect roughly 75 million buyers with 25 million sellers.^[1]
Consumer Group hosts about 2.3 million car sellers and 15.5 million car buyers; Remarketing has around 200,000 registered buyers.^[1]
The company hosts 63% of India's used-car listings as of FY26.^[1]
OLX India's Elite Buyer programme passed 100,000+ buyers in a single month in Q1 FY27.^[7]

Expansion and new products

The company is building '2.0', its next-generation marketplace architecture, alongside the VAYA AI platform (FY26 annual report).^[1]
Used-car finance with IDFC FIRST Bank is embedded on OLX India: pre-approval shows on the listing page and KYC and credit decisions take under 2 minutes; the model is partner-led.^[7]
Personal loans for used-goods purchases on OLX India, disbursed by finance partners, are planned for FY27.^[7]
A new-car buying AI assistant with a 17-step guided flow from discovery to delivery is targeted for FY27.^[7]
All business Elite Buyers are to move from free to paid in FY27.^[7]

Recent developments

Q1 FY27: a Spinny partnership was announced, and the used-car retail network is scaling to 550+ abSure and Signature outlets.^[7]
Q1 FY27: OLX India revenue was ₹62.18 crore, up 29% YoY, with EBITDA up 76% YoY.^[7]
Q4 FY26: a unified CarWale-OLX dealer subscription was launched for used-car dealers.^[8]
Q4 FY26: the OLX Verification product launched about 45 days late; Elite Buyer monetisation was under 5% of OLX revenue in FY26.^[6]
Q3 FY26: the CarDekho acquisition was put on hold after due diligence.^[8]
As of FY26 the company has zero debt and ₹1,244 crore in cash reserves; no dividend was declared or paid during the year.^[1]

Market Cap

₹13,904 Cr

High / Low

₹3,291 / 1,523

Stock P/E

61.4

Price / Book

5.7

Book Value

₹519

EPS

₹46.6

No. of Shares

4.79 Cr

ROCE

12.0%

ROE

9.5%

OPM

35.5%

Debt / Equity

0.00

Sales

₹779 Cr

Net Profit

₹244 Cr

Promoter holding

0.0%

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