Cartrade Tech Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Neeraj Pandey
- Category: Market
Cartrade Tech share price Rs 2,894.40 (9 October 2026). Base target Rs 3,399, bull Rs 4,072, downside risk Rs 2,266. PE 54.39. 52W range Rs 1,600.00 to Rs 3,290.50.
Quick Answer
The Cartrade Tech share price target for 2027 is Rs 3,399, about 17.4% above the current price of Rs 2,894.40. The bull case is Rs 4,072, and the downside risk level, which is not a target, is Rs 2,266. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 298.4%, with the stock holding its PE of 54.39. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Cartrade Tech target price for 2027 should start with where the stock sits today. At Rs 2,894.40 on 9 October 2026, it is 12.0% below its 52-week high of Rs 3,290.50 and 80.9% above its 52-week low of Rs 1,600.00. That range spans 106% from low to high, so the entry point matters as much as the Cartrade Tech price forecast itself.
This article builds the Cartrade Tech share price target from reported numbers only: four years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 3,399 base case and the Rs 4,072 bull case were reached, along with a downside risk level of Rs 2,266.
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Cartrade Tech Stock Analysis: Company Overview and Key Stats
Cartrade Tech (NSE: CARTRADE) has a market capitalisation of Rs 13,771 crore. In FY26 it reported revenue of Rs 869.77 crore and net profit of Rs 243.51 crore. The table collects the figures the Cartrade Tech share price target is built on.
| Metric | Value |
|---|---|
| Company | Cartrade Tech |
| NSE Ticker | CARTRADE |
| CMP (9 October 2026) | Rs 2,894.40 |
| 52-Week High | Rs 3,290.50 |
| 52-Week Low | Rs 1,600.00 |
| Market Cap | Rs 13,771 crore |
| PE Ratio (TTM) | 54.39 |
| Industry PE | 66.59 |
| Price to Book | 5.54 |
| Return on Equity | 8.98% |
| Debt to Equity | 0.06 |
| EPS (TTM) | Rs 52.08 |
| Dividend Yield | 0.00% |
| 12-Month Base Target | Rs 3,399 |
| Bull Case | Rs 4,072 |
| Downside Risk Level (not a target) | Rs 2,266 |
Why Is Cartrade Tech Share Price Target Set at Rs 3,399 for 2027?
The base-case Cartrade Tech stock target of Rs 3,399 applies a PE multiple of 54.39 to a forward EPS estimate of Rs 62.50. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 17.4% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Cartrade Tech Target Price: Four Years of Results
Cartrade Tech grew revenue from Rs 427.72 crore in FY23 to Rs 869.77 crore in FY26, a compound annual growth rate of 26.7%. Net profit grew faster, from Rs 40.43 crore to Rs 243.51 crore (81.9% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY23 | 427.72 | 40.43 | 6.71 | 0.00 |
| FY24 | 555.23 | 82.13 | 2.81 | 0.00 |
| FY25 | 711.34 | 145.27 | 26.42 | 0.00 |
| FY26 | 869.77 | 243.51 | 44.60 | 0.00 |
FY26 revenue growth was 22.3%, slower than the three-year average of 26.7%, and net profit moved up 67.6%. EPS rose from Rs 2.81 in FY24 to Rs 44.60 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Cartrade Tech converted 28.0% of FY26 revenue into net profit, against 20.4% in FY25, within a four-year range of 9.5% to 28.0%. EBITDA margin was 39.2% in FY26 versus 31.0% in FY25.
In the June 2026 quarter, revenue was Rs 229.74 crore, up 15.7% from the same quarter a year earlier, while net profit of Rs 56.75 crore was up 20.6%. EBITDA came in at Rs 91.55 crore, up 32.7% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.06, and shareholders’ equity grew from Rs 2,122 crore in FY23 to Rs 2,618 crore in FY26. Operating cash flow in FY26 was Rs 256.99 crore against capital expenditure of Rs 26.61 crore, leaving free cash flow of Rs 230.38 crore, or 1.7% of the current market capitalisation. In FY25 free cash flow was Rs 165.63 crore.
Valuation Check for the Cartrade Tech Stock Target: PE, Price to Book and ROE
At a PE of 54.39 against an industry PE of 66.59, Cartrade Tech trades at a discount to its industry. Price to book is 5.54 on a book value of Rs 510.96 per share, and return on equity is 8.98%. A PE of 54.39 equals an earnings yield of 1.8%, and the FY26 dividend of Rs 0.00 per share gives a yield of 0.00%.
Shareholding Pattern and Institutional Holding
The latest filing shows no promoter holding in Cartrade Tech, so ownership rests with institutions and public shareholders. Foreign institutional investors (FII) held 54.37% and domestic institutions (DII) held 15.64%, which puts total institutional holding at 70.01%. FII holding fell from 67.30% in June 2025 to 54.37% in June 2026. Public shareholders own the remaining 29.99%. A meaningful institutional holding adds a layer of research coverage and trading depth.
Cartrade Tech Share Price Targets for the Short Term and 12 Months
Short Term Cartrade Tech Stock Target Levels: Technical Setup
At Rs 2,894.40 on 9 October 2026, Cartrade Tech trades below its 50-day simple moving average of Rs 2,925.10 and above its 200-day exponential moving average of Rs 2,518.74. The 14-day RSI reads 43.4, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 2,925.10 (50-day simple moving average) and the nearest support is Rs 2,518.74 (200-day exponential moving average). A sustained move above Rs 2,925.10 would improve the short-term setup, while a close below Rs 2,518.74 would shift attention to the next support.
12 Month Cartrade Tech Target Price for 2027
The 12-month target for Cartrade Tech is Rs 3,399: forward EPS of Rs 62.50 at a PE of 54.39. That is 17.4% above Rs 2,894.40. It would also push the stock above its 52-week high of Rs 3,290.50.
How EPS Growth and PE Multiple Change the Cartrade Tech Target Price
| EPS Growth | PE 43.51 | PE 54.39 | PE 62.55 |
|---|---|---|---|
| 0.0% (EPS Rs 52.08) | Rs 2,266 | Rs 2,833 | Rs 3,258 |
| 20.0% (EPS Rs 62.50) | Rs 2,719 | Rs 3,399 | Rs 3,909 |
| 25.0% (EPS Rs 65.10) | Rs 2,833 | Rs 3,541 | Rs 4,072 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Cartrade Tech price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Cartrade Tech Stock Target in 2027
Bull Case Rs 4,072
The bull case Cartrade Tech price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 65.10, and a PE multiple that rises 15% to 62.55. That gives Rs 4,072, 40.7% above the current price and above the 52-week high of Rs 3,290.50, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 2,266
The downside risk level is not a target. It assumes EPS stays flat at Rs 52.08 and the PE falls 20% to 43.51. That gives Rs 2,266, 21.7% below the current price and above the 52-week low of Rs 1,600.00.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 62.55 | Rs 4,072 | +40.7% |
| Base Case | 20.0% | 54.39 | Rs 3,399 | +17.4% |
| Downside Risk | 0.0% | 43.51 | Rs 2,266 | -21.7% |
Key Risks to the Cartrade Tech Target Price for 2027
Growth Slowdown Risk for the Cartrade Tech Price Target
Revenue in the June 2026 quarter was up 15.7% year on year, and FY26 revenue growth was 22.3%. If growth slows from here, the EPS estimate behind the Cartrade Tech stock target will need revising.
Liquidity and Size Risk
Cartrade Tech has a market capitalisation of Rs 13,771 crore. Institutional holding is 70.01%, and the latest filing shows no promoter holding. Stocks of this size are usually liquid, though exits can take longer than entries when the market is falling.
Valuation and Margin Risk
Net margin was 28.0% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 54.39 versus an industry PE of 66.59, a de-rating toward the downside-risk PE of 43.51 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 12.0% below its 52-week high, with an RSI of 43.4 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in Cartrade Tech
Start with the live price and volume. Any Cartrade Tech share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 2,894.40 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Cartrade Tech’s PE, ROE, debt and shareholding in one place.
Check Cartrade Tech fundamentals on the Univest Screener
Then compare the three Cartrade Tech target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Cartrade Tech live price and get daily stock recommendations.
Conclusion
The Cartrade Tech share price target for 2027 is Rs 3,399 in the base case, with Rs 4,072 as the bull case. The support for that view is arithmetic you can check: EPS grew 298.4% a year over FY24 to FY26, and the stock trades at a PE of 54.39. The risks are equally concrete, including a stock that sits 12.0% below its 52-week high and a downside scenario that cuts the price 22% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Cartrade Tech Share Price Target 2027
What is the Cartrade Tech share price target for 2027?
Ans. The base-case Cartrade Tech share price target for 2027 is Rs 3,399, with Rs 4,072 as the bull case. The downside risk level, which is not a target, is Rs 2,266. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the Cartrade Tech share price today?
Ans. As of 9 October 2026, 12:52 PM IST, Cartrade Tech trades at Rs 2,894.40, up 1.99% on the day. The 52-week range is Rs 1,600.00 to Rs 3,290.50.
Is Cartrade Tech a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 298.4% a year over FY24 to FY26, but the stock is 12.0% below its 52-week high. Whether Cartrade Tech fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.
What are the bull case target and downside risk level for Cartrade Tech shares?
Ans. The bull case target is Rs 4,072, which assumes 25.0% EPS growth and a PE of 62.55. The downside risk level is Rs 2,266, which assumes flat EPS and a PE of 43.51. It marks a risk, not a target.
What are the main risks to the Cartrade Tech price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 13,771 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.
What is the PE ratio of Cartrade Tech and how does it compare with the industry?
Ans. The PE ratio of Cartrade Tech is 54.39 against an industry PE of 66.59. Price to book is 5.54 and return on equity is 8.98%. The base case in the Cartrade Tech price target holds this PE constant.
Who owns Cartrade Tech, and what is the promoter holding?
Ans. The latest filing shows no promoter holding in Cartrade Tech. FII held 54.37%, DII held 15.64% and the public held 29.99%.
What were Cartrade Tech’s latest quarterly results?
Ans. In the June 2026 quarter, Cartrade Tech reported revenue of Rs 229.74 crore (up 15.7% year on year) and net profit of Rs 56.75 crore (up 20.6%).
