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Cars24 Services
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Registered Details

CARS24 SERVICES PRIVATE LIMITED

www.cars24.com

Active

Updated: 01 Nov 2024

CARS24 is an online platform that enables car owners to sell their cars.

Cars24 Services Private Limited, is an unlisted private company incorporated on 12 August, 2015. It is classified as a private subsidiary of a foreign company and is located in Gurgaon, Haryana. It's authorized share capital is INR 20.00 cr and the total paid-up capital is INR 18.22 cr.

Industry

Business Services

Products

Car selling platform

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

24.01%

₹ 6,676.0

EBITDA

₹ -341.1

Net Profit

₹ -516.8

Networth

15.99%

₹ 1,675.1

Borrowings

-41.85%

₹ 143.7

Assets

-2.71%

₹ 2,207.3

Gross Margin

0.11

8.5 %

Operating Margin

2.25

-5.1 %

Net Profit Margin

0.96

-7.7 %

Return on Equity

1.64

-30.9 %

ROCE

2.72

-43.3 %

Debt to Equity

-0.08

0.1

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (130)

State	Type	Address

Locations on Map

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

LOSS MAKING
LOW ROCE

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	3,013.8	2,731.6	5,054.1	5,383.5	6,676.0
Operating profit	-303.6	-188.8	-1,011.7	-396.2	-341.1
Net profit	-283.0	-175.4	-228.6	-469.2	-516.8
Gross margin	6.8	7.8	1.5	8.4	8.5
Operating margin	-10.1	-6.9	-20.0	-7.4	-5.1
Net margin	-9.2	-6.3	-3.9	-8.6	-7.7
Networth	628.5	1,188.3	1,327.4	1,444.2	1,675.1
Borrowings	21.0	68.0	418.5	247.1	143.7
Assets	829.5	1,467.5	2,247.3	2,268.8	2,207.3
Debt to equity	0.0	0.1	0.3	0.2	0.1
Current ratio	4.3	4.1	2.3	1.9	3.4
ROE	-45.0	-14.8	-17.2	-32.5	-30.9
Days payable	7.0	13.0	13.0	6.0	6.0
WC days	68.0	113.0	70.0	46.0	57.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	13.3	14.9	15.6	16.5	17.3
Reserves	615.2	1,173.4	1,311.8	1,427.7	1,657.8
Borrowings +	21.0	68.0	418.5	247.1	143.7
Long term borrowings	21.0	3.0	72.1	13.1	-
Short term borrowings	-	65.0	346.3	234.1	143.7
Trade payables +	56.2	90.1	173.7	83.1	96.5
Days payable	7.0	13.0	13.0	6.0	6.0
Other liabilities +	180.0	211.2	501.4	577.5	388.5
Other non-current liabilities	8.4	4.7	77.7	66.0	89.9
Other current liabilities	115.5	116.4	250.0	428.5	202.0
Total liabilities	829.5	1,467.5	2,247.3	2,268.8	2,207.3
Fixed Assets +	46.1	42.4	192.7	379.0	233.4
Tangible assets	29.1	21.3	180.0	135.8	129.2
CWIP	-	0.2	-	-	-
Intangible assets	16.9	20.9	12.7	243.1	104.2
LT loans and advances	-	-	-	1.0	2.0
Other non-current assets	50.0	305.4	315.8	465.6	484.0
Current assets +	733.5	1,119.8	1,738.8	1,423.2	1,487.8
Inventories	115.6	531.8	515.9	623.8	536.5
Trade receivables	-	14.2	144.1	74.7	147.4
Cash and cash equivalents	31.4	90.7	928.7	135.3	49.5
ST loans and advances	34.9	22.7	1.0	58.6	1.0
Other current assets	551.6	460.4	149.2	530.9	753.5
Total assets	829.5	1,467.5	2,247.3	2,268.8	2,207.3

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.61	1.02	0.7	0.73	0.78
Reserves	74.16	79.96	58.37	62.92	75.11
Borrowings +	2.53	4.64	18.62	10.89	6.51
Long term borrowings	2.53	0.2	3.21	0.58	0.0
Short term borrowings	0.0	4.43	15.41	10.32	6.51
Trade payables	6.77	6.14	7.73	3.66	4.37
Other liabilities +	21.7	14.39	22.31	25.45	17.6
Other non-current liabilities	1.01	0.32	3.46	2.91	4.07
Other current liabilities	13.92	7.93	11.12	18.89	9.15
Total liabilities
Fixed Assets +	5.55	2.89	8.57	16.71	10.58
Tangible assets	3.51	1.45	8.01	5.99	5.85
CWIP	0.0	0.02	0.0	0.0	0.0
Intangible assets	2.04	1.42	0.56	10.72	4.72
LT loans and advances	0.0	0.0	0.0	0.04	0.09
Other non-current assets	6.02	20.81	14.05	20.52	21.93
Current assets +	88.42	76.3	77.37	62.73	67.41
Inventories	13.93	36.24	22.95	27.49	24.31
Trade receivables	0.0	0.97	6.41	3.29	6.68
Cash and cash equivalents	3.79	6.18	41.33	5.96	2.24
ST loans and advances	4.21	1.55	0.05	2.58	0.04
Other current assets	66.5	31.37	6.64	23.4	34.13
Total assets

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	13.3	14.9	15.6	16.5	17.3
Reserves	606.4	1,148.4	1,267.3	1,384.8	1,633.3
Borrowings +	21.0	153.8	888.5	962.2	1,188.8
Long term borrowings	21.0	64.7	235.3	516.5	657.7
Short term borrowings	-	89.1	653.1	445.7	531.1
Trade payables +	57.2	92.3	177.7	88.3	106.4
Days payable	7.0	13.0	13.0	7.0	6.0
Other liabilities +	184.8	272.8	520.2	599.8	429.5
Other non-current liabilities	8.4	4.8	78.0	66.3	90.6
Other current liabilities	119.2	175.7	264.6	445.2	232.5
Total liabilities	825.5	1,589.9	2,691.6	2,963.2	3,269.0
Fixed Assets +	46.1	42.4	193.2	379.5	234.1
Tangible assets	29.1	21.3	180.0	135.8	129.2
CWIP	-	0.2	0.5	-	0.2
Intangible assets	16.9	20.9	12.7	243.6	104.6
LT loans and advances	14.9	51.8	429.6	631.5	874.0
Other non-current assets	9.9	229.8	11.6	194.7	105.0
Current assets +	754.6	1,266.0	2,057.3	1,757.5	2,056.0
Inventories	115.6	531.8	515.9	623.8	536.5
Trade receivables	-	14.2	143.9	74.7	149.0
Cash and cash equivalents	31.6	121.0	1,056.9	200.2	157.7
ST loans and advances	51.2	118.2	161.5	239.3	325.8
Other current assets	556.2	480.7	179.0	619.6	887.0
Total assets	825.5	1,589.9	2,691.6	2,963.2	3,269.0

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.62	0.94	0.58	0.56	0.53
Reserves	73.45	72.23	47.08	46.73	49.96
Borrowings +	2.54	9.68	33.01	32.47	36.37
Long term borrowings	2.54	4.07	8.74	17.43	20.12
Short term borrowings	0.0	5.61	24.27	15.04	16.25
Trade payables	6.93	5.8	6.6	2.98	3.26
Other liabilities +	22.39	17.16	19.33	20.24	13.14
Other non-current liabilities	1.02	0.3	2.9	2.24	2.77
Other current liabilities	14.44	11.05	9.83	15.02	7.11
Total liabilities
Fixed Assets +	5.58	2.67	7.18	12.81	7.16
Tangible assets	3.53	1.34	6.69	4.58	3.95
CWIP	0.0	0.02	0.02	0.0	0.01
Intangible assets	2.05	1.31	0.47	8.22	3.2
LT loans and advances	1.81	3.25	15.96	21.31	26.74
Other non-current assets	1.21	14.46	0.43	6.57	3.21
Current assets +	91.4	79.62	76.43	59.31	62.89
Inventories	14.0	33.45	19.17	21.05	16.41
Trade receivables	0.0	0.9	5.35	2.52	4.56
Cash and cash equivalents	3.83	7.61	39.27	6.75	4.82
ST loans and advances	6.2	7.44	6.0	8.08	9.97
Other current assets	67.37	30.23	6.65	20.91	27.13
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	3,013.8	2,731.6	5,054.1	5,383.5	6,676.0
Sales growth %	82.14	-9.36	85.02	6.52	24.01
Expenses +	3,342.6	2,946.5	6,152.8	5,903.9	7,254.2
Cost of goods	2,809.4	2,518.7	4,978.9	4,930.4	6,106.5
Employee cost	208.5	196.7	512.2	433.6	447.9
Other costs	299.5	205.1	574.8	415.7	462.6
Operating profit +	-303.6	-188.8	-1,011.7	-396.2	-341.1
Operating margin %	-10.1	-6.9	-20.0	-7.4	-5.1
Other income	45.9	39.4	870.0	51.2	61.4
Interest	7.2	6.4	46.3	34.4	24.6
Depreciation	18.0	19.6	40.6	89.8	212.6
Exceptional items	-	-	-	-	-
Profit before tax	-283.0	-175.4	-228.6	-469.2	-516.8
Tax	-	-	-	-	-
Profit - disc. ops	-	-	-	-	-
Net profit	-283.0	-175.4	-228.6	-469.2	-516.8
Net margin %	-9.2	-6.3	-3.9	-8.6	-7.7

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	98.5	98.58	85.31	99.06	99.09
Expenses +	109.25	106.33	103.86	108.63	107.67
Cost of goods	91.82	90.89	84.04	90.72	90.64
Employee cost	6.81	7.1	8.65	7.98	6.65
Other costs	9.79	7.4	9.7	7.65	6.87
Operating profit	-9.92	-6.81	-17.08	-7.29	-5.06
Other income	1.5	1.42	14.69	0.94	0.91
Interest	0.24	0.23	0.78	0.63	0.36
Depreciation	0.59	0.71	0.69	1.65	3.15
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-9.25	-6.33	-3.86	-8.63	-7.67
Tax	0.0	0.0	0.0	0.0	0.0
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-9.25	-6.33	-3.86	-8.63	-7.67

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	3,023.4	2,755.0	5,136.5	5,529.6	6,917.1
Sales growth %	82.72	-8.88	86.44	7.65	25.09
Expenses +	3,356.2	2,982.5	6,256.3	6,052.4	7,487.9
Cost of goods	2,809.4	2,518.7	4,978.9	4,930.4	6,106.6
Employee cost	218.6	217.9	548.5	478.3	524.5
Other costs	302.9	214.6	606.8	460.9	531.7
Operating profit +	-307.6	-196.2	-997.7	-340.1	-245.8
Operating margin %	-10.2	-7.1	-19.4	-6.2	-3.5
Other income	41.0	36.0	871.7	55.0	64.8
Interest	7.2	11.7	81.5	92.9	112.5
Depreciation	18.0	19.6	40.6	89.8	212.7
Exceptional items	-	-	-	-	-
Profit before tax	-291.8	-191.5	-248.1	-467.8	-506.1
Tax	-	-	-	-	-7.7
Profit - disc. ops	-	-	-	-	-
Net profit	-291.8	-191.5	-248.1	-467.8	-498.4
Net margin %	-9.5	-6.9	-4.1	-8.4	-7.1

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	98.66	98.71	85.49	99.01	99.07
Expenses +	109.52	106.86	104.13	108.38	107.25
Cost of goods	91.68	90.24	82.87	88.29	87.46
Employee cost	7.13	7.81	9.13	8.56	7.51
Other costs	9.89	7.69	10.1	8.25	7.62
Operating profit	-10.04	-7.03	-16.61	-6.09	-3.52
Other income	1.34	1.29	14.51	0.99	0.93
Interest	0.24	0.42	1.36	1.66	1.61
Depreciation	0.59	0.7	0.68	1.61	3.05
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-9.52	-6.86	-4.13	-8.38	-7.25
Tax	0.0	0.0	0.0	0.0	-0.11
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-9.52	-6.86	-4.13	-8.38	-7.14

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.1	0.3	0.2	0.1
Net Debt/Equity	0.0	0.0	0.0	0.1	0.1
Total Debt/Assets	0.0	0.1	0.2	0.1	0.1
Total Assets/Equity	1.3	1.2	1.7	1.6	1.3
Liquidity +
Current Ratio	4.3	4.1	2.3	1.9	3.4
Quick Ratio	3.6	2.2	1.6	1.1	2.1
Interest Coverage	-42.1	-29.4	-21.9	-11.5	-13.9
Performance
Gross Margin	6.8	7.8	1.5	8.4	8.5
Operating Margin	-10.1	-6.9	-20.0	-7.4	-5.1
Net Margin	-9.2	-6.3	-3.9	-8.6	-7.7
Return +
Return on Equity	-45.0	-14.8	-17.2	-32.5	-30.9
Pre-tax ROCE	-52.9	-23.4	-90.6	-46.0	-43.3
Return on Assets	-34.1	-11.9	-10.2	-20.7	-23.4
Pre-tax ROIC	-51.2	-17.5	-79.3	-31.2	-31.3
Efficiency +
Days Payable	7.0	13.0	13.0	6.0	6.0
Days Inventory	15.0	77.0	38.0	46.0	32.0
Days Receivable	0.0	2.0	10.0	5.0	8.0
Fixed Asset Turnover	65.4	64.5	26.2	14.2	28.6
Total Asset Turnover	3.6	1.9	2.2	2.4	3.0
Working Capital
Cash Conversion Cycle	8.0	66.0	35.0	45.0	34.0
Working Capital Days	68.0	113.0	70.0	46.0	57.0

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.1	0.7	0.7	0.7
Net Debt/Equity	0.0	0.0	0.0	0.5	0.6
Total Debt/Assets	0.0	0.1	0.3	0.3	0.4
Total Assets/Equity	1.3	1.4	2.1	2.1	2.0
Liquidity +
Current Ratio	4.3	3.5	1.9	1.8	2.4
Quick Ratio	3.6	2.1	1.4	1.2	1.8
Interest Coverage	-42.4	-16.8	-12.2	-3.7	-2.2
Performance
Gross Margin	7.1	8.6	3.1	10.8	11.7
Operating Margin	-10.2	-7.1	-19.4	-6.2	-3.5
Net Margin	-9.5	-6.9	-4.1	-8.4	-7.1
Return +
Return on Equity	-47.1	-16.5	-19.3	-33.4	-30.2
Pre-tax ROCE	-52.1	-22.7	-89.9	-37.1	-32.3
Return on Assets	-35.3	-12.1	-9.2	-15.8	-15.2
Pre-tax ROIC	-52.5	-18.0	-80.9	-19.9	-17.1
Efficiency +
Days Payable	7.0	13.0	13.0	7.0	6.0
Days Inventory	15.0	77.0	38.0	46.0	32.0
Days Receivable	0.0	2.0	10.0	5.0	8.0
Fixed Asset Turnover	65.6	65.0	26.6	14.6	29.6
Total Asset Turnover	3.7	1.7	1.9	1.9	2.1
Working Capital
Cash Conversion Cycle	8.0	66.0	35.0	44.0	34.0
Working Capital Days	70.0	120.0	68.0	51.0	63.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

Catalyst Trusteeship Limited

No. of Loans: 1

Total Amount : 620.0 cr

Charge Holder	Amount	Date of creation/modification
Catalyst Trusteeship Limited	620.0 cr	12 Jun, 2024

Charges

Catalyst Trusteeship Limited

People

Designation	Name	DIN/PAN	Tenure
Director	Ruchit Agarwal	08225312	5 years
Additional Director	Gajendra Kumar Jangid	08225313	2 years
Kmp	Jyoti Gautam	<HIDDEN>	1 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
NNC ADVISORS LLP	Active	50.0 L	1	ry
CARS24 FINANCIAL SERVICES PRIVATE LIMITED	Active	6.0 Cr	3	Haryana

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
CARS24 FINANCIAL SERVICES PRIVATE LIMITED	Haryana	2018	₹ 6.0 Cr

Registered Details

CIN

U74999HR2015FTC056386

PAN

AAGCC1389R

Incorporation

2015, 9.7 years

Company Email

roc@cars24.com

Paid up Capital

₹ 18.2 Cr

Authorised Capital

₹ 20.0 Cr

AGM

Sep 2023

Type

Private

Subsidiary of Foreign Company

FAQ - CARS24 SERVICES PRIVATE LIMITED

What is the incorporation date of CARS24 SERVICES PRIVATE LIMITED?

The incorporation date of CARS24 SERVICES PRIVATE LIMITED is 12 August, 2015

What is the authorized share capital of CARS24 SERVICES PRIVATE LIMITED?

The authorized share capital of CARS24 SERVICES PRIVATE LIMITED is INR ₹ 20.0 Cr.

What is the paid-up capital of CARS24 SERVICES PRIVATE LIMITED?

The paid-up capital of CARS24 SERVICES PRIVATE LIMITED is INR ₹ 18.2 Cr.

What is the registered address of CARS24 SERVICES PRIVATE LIMITED?

The registered address of CARS24 SERVICES PRIVATE LIMITED is 10th Floor, Tower ? B, Unitech Cyber Park Sector - 39 NA Gurugram Gurgaon Haryana - 122001

What is the CIN number of CARS24 SERVICES PRIVATE LIMITED?

The CIN number of CARS24 SERVICES PRIVATE LIMITED is U74999HR2015FTC056386.

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