Axis Capital Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd
CarTrade Tech is a multi-channel auto platform with coverage and presence across vehicle types and value-added services The company offers a variety of solutions across the automotive transaction value chain for marketing, buying, selling, and financing new and pre-owned cars, two-wheelers as well as pre-owned commercial vehicles and farm and construction equipment. The online platforms are CarWale and CarTrade, Bike Wale, Shriram Automall (subsidiary), CarTrade Exchange, Adroit Auto, AutoBiz. CarTrade Tech is a professionally managed company with no identifiable promoters.
For year/ period ended ( in Cr.)
|31 Mar 2021||31 Mar 2020||31 Mar 2019|
|Profit After Tax||101.07*||31.29||25.92|
Though the automotive sector is under pressure due to the pandemic effects on its sales growth in the sector is expected as people opt more for personal vehicles to reduce their use of public transport in the near future. CarTrade Tech operates on an asset-light business model and uses technology for its online platforms. The financial performance of the Issuer is reasonable though it needs to be tracked for the upcoming quarters as well since the revenues have reduced in FY21. Hence Investors may subscribe to the Issue. The company has no listed peers.