Cartrade Tech Receives 'Hold' Rating from MarketsMOJO, Shows Strong Financial Performance

Cartrade Tech, a smallcap IT software company, has recently received a 'Hold' rating from MarketsMOJO on September 5th, 2024. This upgrade is based on the company's strong financial performance and positive results for the past 9 consecutive quarters.
One of the key factors contributing to this upgrade is the company's low Debt to Equity ratio, which is at 0 times on average. This indicates a healthy financial position and the ability to manage debt effectively.

Moreover, Cartrade Tech has shown consistent long-term growth with an annual growth rate of 26.35% in Net Sales and 45.27% in Operating profit. In the last half-year, the company's Net Sales have grown by an impressive 57.46%, while its ROCE (Return on Capital Employed) is at a high of 7.76%. Additionally, the company's PAT (Profit After Tax) for the last quarter was at its highest at Rs 21.94 crore.

From a technical standpoint, the stock is currently in a Mildly Bullish range and has shown a positive trend since September 3rd, 2024, generating a return of 6.11%. The MACD and Bollinger Band technical factors also indicate a Bullish trend for the stock.

Cartrade Tech also has a high institutional holding of 72.22%, indicating that these investors have better resources and capabilities to analyze the company's fundamentals compared to retail investors.

In terms of market performance, the stock has outperformed the market (BSE 500) with a return of 62.28% in the last year, compared to the market's return of 37.08%.

However, with a ROE (Return on Equity) of 3.2, the stock is currently trading at a Very Expensive valuation with a Price to Book Value of 2.2. But, it is still trading at a discount compared to its average historical valuations. Additionally, while the stock has generated a return of 62.28% in the last year, its profits have risen by 70.5%, resulting in a PEG (Price/Earnings to Growth) ratio of 0.9.

Overall, Cartrade Tech shows promising growth potential and a strong financial position, making it a 'Hold' for investors.