# Platform - Others — company-by-company sector analysis > Platform - Others: Cartrade Tech Ltd owns the largest revenue base AND the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-20. Not investment advice. ## Bottom line Platform - Others has outperformed NIFTY 500 by 10.7% over 52 weeks and 47.2% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. Cartrade Tech Ltd leads with revenue of ₹807 crore, based on 1 of 1 comparable companies through Jun 2026. ## Sector relative strength Platform - Others has outperformed NIFTY 500 by 10.7% over the last 52 weeks. Over 13 weeks the gap is a lead of 47.2%. 1 of 1 covered company currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Cartrade Tech Ltd is the strongest against the sector itself at 0%. Readings are as of 2026-08-09. 13-week sector return versus NIFTY 500: 47% 52-week sector return versus NIFTY 500: 11% Stocks leading NIFTY: 1/1 Stocks leading sector: 0/1 Central tension: The central tension: current leadership is concentrated, so durability matters more than rank. Companies: 1 Combined market value: ₹13.6K Cr ## 4-Factor Sector Score An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment. 1. Cartrade Tech Ltd (CARTRADE): 70/100 — Favorable setup; evidence 91% - Growth & earnings 33.0/35 | Capital efficiency 10.7/25 | Valuation 13.9/20 | Relative strength 12.5/20 - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 9 of 10 weeks with a reading, within the last 12 - Exact sum: 33 + 10.7 + 13.9 + 12.5 = 70.1 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. ## Market action Cartrade Tech Ltd has the strongest one-year price move in Platform - Others at +29%. It also leads on Mansfield relative strength against NIFTY at +15.6%. 1 of 1 covered company is above zero on that measure. Every line covers 313 weekly closes through 2026-08-14. ### Strongest one-year price performers 1. Cartrade Tech Ltd (CARTRADE): 29% ### Strongest relative strength versus NIFTY 500 1. Cartrade Tech Ltd (CARTRADE): 16% ## Revenue Scale & Growth Durability What the numbers say: Cartrade Tech Ltd is the scale leader at ₹807 crore, Cartrade Tech Ltd's growth is 19.9% from a ₹807 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: Cartrade Tech Ltd is the scale benchmark; Cartrade Tech Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Cartrade Tech Ltd's growth falls below Cartrade Tech Ltd's for two consecutive comparable reports while operating margin also compresses. Evidence: Cartrade Tech Ltd · ₹807 crore | Not enough peers | 8/8 recent comparable periods | 1/1 companies · 20 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Cartrade Tech Ltd (CARTRADE): ₹807 Cr ### Revenue growth — fastest growers 1. Cartrade Tech Ltd (CARTRADE): 20% ### 20-quarter Revenue history - CARTRADE: Sep 2021 ₹78 Cr | Dec 2021 ₹89 Cr | Mar 2022 ₹93 Cr | Jun 2022 ₹83 Cr | Sep 2022 ₹88 Cr | Dec 2022 ₹97 Cr | Mar 2023 ₹96 Cr | Jun 2023 ₹86 Cr | Sep 2023 ₹120 Cr | Dec 2023 ₹139 Cr | Mar 2024 ₹145 Cr | Jun 2024 ₹142 Cr | Sep 2024 ₹154 Cr | Dec 2024 ₹176 Cr | Mar 2025 ₹170 Cr | Jun 2025 ₹173 Cr | Sep 2025 ₹193 Cr | Dec 2025 ₹210 Cr | Mar 2026 ₹203 Cr | Jun 2026 ₹201 Cr ### 20-quarter Revenue growth history - CARTRADE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 57% | Sep 2022 13% | Dec 2022 9.0% | Mar 2023 3.2% | Jun 2023 3.6% | Sep 2023 36% | Dec 2023 43% | Mar 2024 51% | Jun 2024 65% | Sep 2024 28% | Dec 2024 27% | Mar 2025 17% | Jun 2025 22% | Sep 2025 25% | Dec 2025 19% | Mar 2026 19% | Jun 2026 16% ## Operating Economics & Margin Trend What the numbers say: Cartrade Tech Ltd leads both opm at 31% and margin change at +6 percentage points. Investor read: Cartrade Tech Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current margin change signal. Evidence: Cartrade Tech Ltd · 31% | Not enough peers | 8/8 recent comparable periods | 1/1 companies · 20 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. Cartrade Tech Ltd (CARTRADE): 31% ### Margin change — fastest expanders 1. Cartrade Tech Ltd (CARTRADE): +6.0 pp ### 20-quarter OPM history - CARTRADE: Sep 2021 -42% | Dec 2021 -31% | Mar 2022 -28% | Jun 2022 3.0% | Sep 2022 9.3% | Dec 2022 11% | Mar 2023 12% | Jun 2023 6.0% | Sep 2023 18% | Dec 2023 18% | Mar 2024 19% | Jun 2024 16% | Sep 2024 21% | Dec 2024 28% | Mar 2025 27% | Jun 2025 25% | Sep 2025 33% | Dec 2025 37% | Mar 2026 35% | Jun 2026 31% ### 20-quarter Margin change history - CARTRADE: Sep 2021 −60.7 pp | Dec 2021 −62.4 pp | Mar 2022 −47.3 pp | Jun 2022 +92.5 pp | Sep 2022 +51.8 pp | Dec 2022 +42.5 pp | Mar 2023 +39.9 pp | Jun 2023 +3.0 pp | Sep 2023 +8.7 pp | Dec 2023 +7.0 pp | Mar 2024 +7.0 pp | Jun 2024 +10.0 pp | Sep 2024 +3.0 pp | Dec 2024 +10.0 pp | Mar 2025 +8.0 pp | Jun 2025 +9.0 pp | Sep 2025 +12.0 pp | Dec 2025 +9.0 pp | Mar 2026 +8.0 pp | Jun 2026 +6.0 pp ## Profit Scale & Acceleration What the numbers say: Cartrade Tech Ltd leads with ₹254 crore of TTM profit, Cartrade Tech Ltd shows 49.4% growth from a ₹254 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: Cartrade Tech Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current profit growth signal. Evidence: Cartrade Tech Ltd · ₹254 crore | Not enough peers | 8/8 recent comparable periods | 1/1 companies · 20 observations Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank. ### Net profit — largest 1. Cartrade Tech Ltd (CARTRADE): ₹254 Cr ### Profit growth — fastest growers 1. Cartrade Tech Ltd (CARTRADE): 49% ### 20-quarter Net profit history - CARTRADE: Sep 2021 ₹-35 Cr | Dec 2021 ₹-18 Cr | Mar 2022 ₹-21 Cr | Jun 2022 ₹3 Cr | Sep 2022 ₹6 Cr | Dec 2022 ₹14 Cr | Mar 2023 ₹18 Cr | Jun 2023 ₹14 Cr | Sep 2023 ₹5 Cr | Dec 2023 ₹-24 Cr | Mar 2024 ₹25 Cr | Jun 2024 ₹23 Cr | Sep 2024 ₹31 Cr | Dec 2024 ₹46 Cr | Mar 2025 ₹46 Cr | Jun 2025 ₹47 Cr | Sep 2025 ₹64 Cr | Dec 2025 ₹62 Cr | Mar 2026 ₹71 Cr | Jun 2026 ₹57 Cr ### 20-quarter Profit growth history - CARTRADE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 367% | Sep 2023 -17% | Dec 2023 -271% | Mar 2024 39% | Jun 2024 64% | Sep 2024 520% | Dec 2024 — | Mar 2025 84% | Jun 2025 104% | Sep 2025 106% | Dec 2025 35% | Mar 2026 54% | Jun 2026 21% ## Return On Capital Employed What the numbers say: Cartrade Tech Ltd leads ROCE at 11.8%. Cartrade Tech Ltd has the strongest latest improvement at +3.4 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability. Investor read: Cartrade Tech Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roce change signal. Evidence: Cartrade Tech Ltd · 11.8% | Not enough peers | 8/8 recent comparable periods | 1/1 companies · 15 observations Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability. ### ROCE — highest 1. Cartrade Tech Ltd (CARTRADE): 12% ### ROCE change — fastest improvers 1. Cartrade Tech Ltd (CARTRADE): +3.4 pp ### 20-quarter ROCE history - CARTRADE: Sep 2021 -2.8% | Dec 2021 — | Mar 2022 -7.2% | Jun 2022 — | Sep 2022 -3.2% | Dec 2022 — | Mar 2023 0.3% | Jun 2023 — | Sep 2023 0.4% | Dec 2023 1.6% | Mar 2024 1.4% | Jun 2024 2.4% | Sep 2024 2.8% | Dec 2024 6.8% | Mar 2025 4.5% | Jun 2025 9.0% | Sep 2025 6.4% | Dec 2025 11% | Mar 2026 7.9% | Jun 2026 — ### 20-quarter ROCE change history - CARTRADE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.4 pp | Dec 2022 — | Mar 2023 +7.5 pp | Jun 2023 — | Sep 2023 +3.6 pp | Dec 2023 — | Mar 2024 +1.1 pp | Jun 2024 — | Sep 2024 +2.4 pp | Dec 2024 +5.2 pp | Mar 2025 +3.1 pp | Jun 2025 +6.6 pp | Sep 2025 +3.6 pp | Dec 2025 +4.6 pp | Mar 2026 +3.4 pp | Jun 2026 — ## Valuation Against Growth & Quality What the numbers say: Cartrade Tech Ltd has the lowest comparable PEG at 0.94×. Only 1 of 1 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/e signal. Evidence: Cartrade Tech Ltd · 0.94× | Not enough peers | 0/8 recent comparable periods | 1/1 companies · 1 observations Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing. ### PEG — lowest PEG 1. Cartrade Tech Ltd (CARTRADE): 0.9 ### P/E — lowest P/E 1. Cartrade Tech Ltd (CARTRADE): 57.0 ### 20-quarter PEG history - CARTRADE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 0.9 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — ### 20-quarter P/E history - CARTRADE: Sep 2021 5.1 | Dec 2021 3.3 | Mar 2022 2.4 | Jun 2022 2.5 | Sep 2022 -66.5 | Dec 2022 -330.6 | Mar 2023 53.6 | Jun 2023 66.4 | Sep 2023 58.0 | Dec 2023 60.9 | Mar 2024 47.4 | Jun 2024 52.8 | Sep 2024 58.6 | Dec 2024 79.6 | Mar 2025 68.2 | Jun 2025 56.4 | Sep 2025 74.3 | Dec 2025 69.9 | Mar 2026 40.4 | Jun 2026 56.6 ## What can make this comparison misleading? - A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason. - A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment. - The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed. - An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion. ## Every company - Cartrade Tech Ltd (CARTRADE) — market value ₹13.6K Cr; latest fundamentals Jun 2026 ## Source standing of each company Cross-checked: 1. Unverified: 0. Withheld: 0. Graded companies: 1. Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld. ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-08-14. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Platform - Others sector outperforming NIFTY 500? Platform - Others has outperformed NIFTY 500 by 10.7% over 52 weeks and 47.2% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. ### Which Platform - Others company is largest by revenue? Cartrade Tech Ltd leads with revenue of ₹807 crore, based on 1 of 1 comparable companies through Jun 2026. ### Which Platform - Others company is growing fastest? Cartrade Tech Ltd has the fastest current revenue growth at 19.9%, across 1 of 1 comparable companies. ### Which Platform - Others company has the strongest 4-Factor Sector Score? Cartrade Tech Ltd ranks first at 70.1/100 with 91% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### Which Platform - Others company has the lowest comparable PEG? Cartrade Tech Ltd has the lowest comparable PEG at 0.94, among 1 of 1 companies whose earnings and growth are steady enough for the ratio to mean anything. ### How much history does this Platform - Others comparison include? The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated. ### How is the 4-Factor Sector Score calculated? The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral. ### Is there a Nifty Platform - Others index? NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Platform - Others, this page builds its own equal-weight basket of 1 listed Platform - Others companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026. ### Which are the best Platform - Others stocks in India? Ranked by this page's four-factor score, Cartrade Tech Ltd places first among 1 listed Platform - Others companies. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser. ### How many Platform - Others stocks are listed in India? This comparison covers 1 listed Platform - Others companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026. ### Which Platform - Others company is the biggest? Cartrade Tech Ltd is the largest, with trailing-twelve-month revenue of ₹807 crore. That covers 1 of 1 companies with comparable reporting through Jun 2026. ### Which Platform - Others company has the best profit margins? Cartrade Tech Ltd has the highest operating margin at 31%, from 1 of 1 comparable companies. Cartrade Tech Ltd shows the biggest recent improvement, at +6 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Platform - Others company makes the most profit? Cartrade Tech Ltd earns the most, at ₹254 crore of trailing-twelve-month net profit, from 1 of 1 comparable companies. Cartrade Tech Ltd has the fastest profit growth at 49.4%, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Platform - Others company earns the highest return on capital? Cartrade Tech Ltd leads on return on capital employed at 11.8%, across 1 of 1 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year. ### Which Platform - Others stock is the cheapest? On PEG — where a LOWER number is cheaper — Cartrade Tech Ltd screens cheapest at 0.94×. All 1 companies qualify for the ratio comparison. Cheap on a multiple is a reason to investigate, never a reason to buy on its own. ### Is the Platform - Others sector beating the market? Platform - Others has outperformed NIFTY 500 by 10.7% over the last 52 weeks and 47.2% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 1 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Platform - Others stock has the strongest price momentum? Cartrade Tech Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all. ### Which Platform - Others company scores highest for research priority? Cartrade Tech Ltd scores 70.1 out of 100 with 91% evidence confidence, from 33 points on growth and earnings, 10.7 on capital efficiency, 13.9 on valuation and 12.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research. ### How many Platform - Others companies does this comparison cover, and over what period? It compares 1 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data. ### What is the total market cap of the Platform - Others sector? The 1 Platform - Others companies on this page carry ₹13,573 crore of combined market value. Cartrade Tech Ltd is the largest at ₹13,573 crore, about 100% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-20. ### How is the Platform - Others sector performing? 1 of the 1 covered Platform - Others companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 10.7% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-20. ### Why are some values on this page blank? A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad. ### Is this investment advice? No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.